HopFed Bancorp Inc. (HFBC, Financial) filed Quarterly Report for the period ended 2011-09-30.
Hopfed Bancorp Inc. has a market cap of $45.8 million; its shares were traded at around $6.1 with a P/E ratio of 84.5 and P/S ratio of 0.7. The dividend yield of Hopfed Bancorp Inc. stocks is 1.3%. Hopfed Bancorp Inc. had an annual average earning growth of 9% over the past 10 years.
Interest Income. For the nine month period ended September 30, 2011, the Companys total interest income was $35.0 million, as compared to $40.0 million for the nine months ended September 30, 2010. The decline is largely due to a decline in loans outstanding and lower market interest rates. The average balance of loans receivable decreased $55.2 million, from $635.1 million at September 30, 2010 to $579.9 million at September 30, 2011. The decline in the average balance of loans is the result of weak loan demand and managements lessened appetite for construction lending as well as multi-family and commercial real estate. The ratio of average interest-earning assets to average interest-bearing liabilities was 107.69% for the nine months ended September 30, 2010, as compared to 107.89% for the nine months ended September 30, 2011.
For the three month periods ended September 30, 2011, and September 30, 2010, the Companys cost of interest bearing liabilities was 2.10% and 2.40%, respectively. The lower cost of interest bearing liabilities was the result of lower short term interest rates. However, the decline in yields on interest earnings assets exceeded the decline in the Companys cost of interest bearing liabilities, resulting in a reduced net interest margin. At September 30, 2011, and September 30, 2010, the Companys net interest margin was 3.00% and 3.15%, respectively.
Average Balances, Yields and Interest Expenses. The table below summarizes the overall effect of changes in both interest rates and the average balances of interest earning assets and liabilities for the three-month periods ended September 30, 2011, and September 30, 2010. Yields on assets and cost of liabilities are derived by dividing income or expense by the average daily balances of interest earning assets and liabilities for the appropriate three-month periods.
Interest Income. For the three month periods ended September 30, 2011, and September 30, 2010, the Companys total interest income was $11.5 million and $13.2 million, respectively. As the Companys loan demand has slowed down, we continue to have a greater dependency on investment income. The average balance of loans receivable declined from $623.4 million for the three months ended September 30, 2010, to $568.6 million for the three month period ended September 30, 2011. The ratio of average interest-earning assets to average interest-bearing liabilities decreased from 109.69% for the three months ended September 30, 2010, to 108.63% for the three months ended September 30, 2011.
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Hopfed Bancorp Inc. has a market cap of $45.8 million; its shares were traded at around $6.1 with a P/E ratio of 84.5 and P/S ratio of 0.7. The dividend yield of Hopfed Bancorp Inc. stocks is 1.3%. Hopfed Bancorp Inc. had an annual average earning growth of 9% over the past 10 years.
Highlight of Business Operations:
Average Balances, Yields and Interest Expenses. The table below summarizes the overall effect of changes in both interest rates and the average balances of interest earning assets and liabilities for the nine month periods ended September 30, 2011, and September 30, 2010. Yields on assets and cost of liabilities are derived by dividing income or expense by the average daily balances of interest earning assets and liabilities for the appropriate nine-month periods.Interest Income. For the nine month period ended September 30, 2011, the Companys total interest income was $35.0 million, as compared to $40.0 million for the nine months ended September 30, 2010. The decline is largely due to a decline in loans outstanding and lower market interest rates. The average balance of loans receivable decreased $55.2 million, from $635.1 million at September 30, 2010 to $579.9 million at September 30, 2011. The decline in the average balance of loans is the result of weak loan demand and managements lessened appetite for construction lending as well as multi-family and commercial real estate. The ratio of average interest-earning assets to average interest-bearing liabilities was 107.69% for the nine months ended September 30, 2010, as compared to 107.89% for the nine months ended September 30, 2011.
For the three month periods ended September 30, 2011, and September 30, 2010, the Companys cost of interest bearing liabilities was 2.10% and 2.40%, respectively. The lower cost of interest bearing liabilities was the result of lower short term interest rates. However, the decline in yields on interest earnings assets exceeded the decline in the Companys cost of interest bearing liabilities, resulting in a reduced net interest margin. At September 30, 2011, and September 30, 2010, the Companys net interest margin was 3.00% and 3.15%, respectively.
Average Balances, Yields and Interest Expenses. The table below summarizes the overall effect of changes in both interest rates and the average balances of interest earning assets and liabilities for the three-month periods ended September 30, 2011, and September 30, 2010. Yields on assets and cost of liabilities are derived by dividing income or expense by the average daily balances of interest earning assets and liabilities for the appropriate three-month periods.
Interest Income. For the three month periods ended September 30, 2011, and September 30, 2010, the Companys total interest income was $11.5 million and $13.2 million, respectively. As the Companys loan demand has slowed down, we continue to have a greater dependency on investment income. The average balance of loans receivable declined from $623.4 million for the three months ended September 30, 2010, to $568.6 million for the three month period ended September 30, 2011. The ratio of average interest-earning assets to average interest-bearing liabilities decreased from 109.69% for the three months ended September 30, 2010, to 108.63% for the three months ended September 30, 2011.
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