Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HOPFED BANCORP INC | d487068d8k.htm |
| EX-2.1 - EX-2.1 - HOPFED BANCORP INC | d487068dex21.htm |
 Acquisition of Sumner Bank & Trust
February 13, 2013
Exhibit 99.1 |
 2
ACQUISITION OF SUMNER BANK & TRUST
HopFed Bancorp, Inc.
Strategic Considerations
Financial Considerations
Significant addition to presence in Nashville MSA –
adds 3 branches and 3 loan production offices
Sumner leadership will remain and lead our efforts in
these new markets
Our infrastructure is equipped to allow us to become a
$1.5B asset-sized banking organization and we can
easily absorb Sumner
Improves deposit mix and pricing
Sumner mortgage banking business is impressive
Attractive new market demographics
Cash transaction priced at 111% of Tangible Book
Value
Significantly earnings accretive
Moderate tangible book value per share dilution with
earn-out in less than 2.5 years
Fully realized cost savings expected to be more than
$2.0 million per year
Capital ratios will be levered, but remain strong |
 3
PRO FORMA BRANCH MAP
Branch Summary
Gallatin I
780 Browns Lane
Gallatin, TN 37066
2012 Deposits:
$55,306
2011 Deposits:
$46,531
Gallatin II
240 W Broadway
Gallatin, TN 37066
2012 Deposits:
$55,848
2011 Deposits:
$56,364
Hendersonville
255 Indian Lake Blvd
Hendersonville, TN 37075
2012 Deposits:
$28,083
2011 Deposits:
$16,039
Source: SNL Financial
HopFed Bancorp, Inc.
For the period ended June 30
(Dollars in Thousands) |