HopFed Bancorp, Inc. Announces Goodwill Impairment

HOPKINSVILLE, Ky., Oct. 8 /PRNewswire-FirstCall/ -- HopFed Bancorp, Inc.
(Nasdaq: HFBC) (the "Company"), the parent Company of Heritage Bank, announced
today that, for the three months ended September 30, 2009, it will record a
$5.0 million pre-tax impairment charge to write off all of its goodwill. The
impairment charge will result in a $3.3 million after-tax reduction in net
income ($0.92 per share basic and diluted) for the three and nine month
periods ended September 30, 2009. The determination of the impairment charge
followed the Company's annual review of its goodwill.

President and Chief Executive Officer John E. Peck, commented, "We are
disappointed with having to report an impairment charge against earnings;
however, the goodwill impairment charge is a non-cash adjustment which has no
effect on the Company's tangible equity ratio, regulatory capital ratios,
statement of cash flows or liquidity. The charge is primarily due to the
valuation declines in the equity markets over the past twelve months. In the
last year, numerous publicly traded companies have seen sharp declines in the
price of their common stock. Many of those companies have incurred impairment
charges to reduce or eliminate the amount of goodwill on their books."

Mr. Peck continued, "Heritage Bank remains well capitalized by regulatory
standards with a total risk based capital ratio of approximately 13.00% and
Tier 1 capital ratio of 7.80% at June 30, 2009. The impairment charge does
not affect the Bank's ability to meet its customer's loan and liquidity needs.
The impairment charge does not affect the Company's ability to pay its
quarterly dividend payment. Management anticipates that the Company will be
profitable for the year ending December 31, 2009."

Information contained in this press release, other than historical
information, may be considered forwardlooking in nature and is subject to
various risk, uncertainties, and assumptions. Should one or more of these
risks or uncertainties materialize, or should the underlying assumptions prove
incorrect, actual results may vary materially from those anticipated,
estimated or expected. Among the key factors that may have a direct bearing
on the Company's operating results, performance or financial condition are
competition and the demand for the Company's products and services, and other
factors as set forth in filings with the Securities and Exchange Commission.

SOURCE HopFed Bancorp, Inc.

John E. Peck, President and CEO of HopFed Bancorp, Inc., +1-270-885-1171