Note 16 - Business Segments

9 Months Ended

Sep. 30, 2014

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. HMN did not meet the quantitative thresholds for determining reportable segments and, therefore, is 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, 2014:
Interest income - external customers	$	15,578		0			0			15,578
Non-interest income - external customers		5,604		0			0			5,604
Intersegment interest income		0		1			(1	)		0
Intersegment non-interest income		135		5,923			(6,058	)		0
Interest expense		938		0			(1	)		937
Non-interest expense		15,135		586			(135	)		15,586
Income tax expense		4,098		(362	)		0			3,736
Net income		5,923		5,700			(5,923	)		5,700
Total assets		593,474		80,873			(79,914	)		594,433
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 quarter ended September 30, 2014:
Interest income - external customers	$	5,131		0			0			5,131
Non-interest income - external customers		2,194		0			0			2,194
Intersegment non-interest income		45		1,608			(1,653	)		0
Interest expense		297		0			0			297
Non-interest expense		5,283		187			(45	)		5,425
Income tax expense		1,171		(117	)		0			1,054
Net income		1,608		1,538			(1,608	)		1,538
Total assets		593,474		80,873			(79,914	)		594,433
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 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