Note 16 - Business Segments

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

(16) Business Segments

The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. SFC and HMN, the holding company, did not meet the quantitative thresholds for determining reportable segments and therefore are included in the “Other” category.

The Company evaluates performance and allocates resources based on the segment’s net income, return on average assets and equity. Each corporation is managed separately with its own officers and board of directors, some of whom may overlap between the corporations.

The following table sets forth certain information about the reconciliation of reported profit or loss and assets for each of the Company’s reportable segments.

(Dollars in thousands)	Home Federal Savings Bank		Other		Eliminations			Consolidated Total
At or for the nine months ended September 30, 2013:
Interest income - external customers	$	17,839		0		0			17,839
Non-interest income - external customers		5,684		0		0			5,684
Intersegment interest income		0		1		(1	)		0
Intersegment non-interest income		137		9,390		(9,527	)		0
Interest expense		2,912		0		(1	)		2,911
Non-interest expense		16,205		582		(137	)		16,650
Income tax expense		0		238		0			238
Net income		9,393		8,571		(9,390	)		8,574
Total assets		562,541		71,731		(71,707	)		562,565
At or for the nine months ended September 30, 2012:
Interest income - external customers	$	23,778		0		0			23,778
Non-interest income - external customers		6,616		0		0			6,616
Intersegment interest income		0		2		(2	)		0
Intersegment non-interest income		139		4,413		(4,552	)		0
Interest expense		5,628		0		(2	)		5,626
Non-interest expense		17,942		585		(139	)		18,388
Net income		4,419		3,830		(4,413	)		3,836
Total assets		643,624		62,721		(62,622	)		643,723
At or for the quarter ended September 30, 2013:
Interest income - external customers	$	5,729		0		0			5,729
Non-interest income - external customers		1,823		0		0			1,823
Intersegment interest income		0		0		0			0
Intersegment non-interest income		45		6,381		(6,426	)		0
Interest expense		404		0		0			404
Non-interest expense		5,141		190		(45	)		5,286
Income tax expense		0		158		0			158
Net income		6,382		6,033		(6,381	)		6,034
Total assets		562,541		71,731		(71,707	)		562,565
At or for the quarter ended September 30, 2012:
Interest income - external customers	$	7,551		0		0			7,551
Non-interest income - external customers		2,116		0		0			2,116
Intersegment non-interest income		46		831		(877	)		0
Interest expense		1,659		0		0			1,659
Non-interest expense		5,637		196		(46	)		5,787
Net income		833		635		(831	)		637
Total assets		643,624		62,721		(62,622	)		643,723