Note 21 - HMN Financial, Inc. Financial Information (Parent Company Only)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 21 HMN Financial, Inc. Financial Information (Parent Company Only)

The following are the condensed financial statements for the parent company only as of December 31, 2014 and 2013 and for the years ended December 31, 2014, 2013 and 2012.

(Dollars in thousands)	2014			2013			2012
Condensed Balance Sheets
Assets:
Cash and cash equivalents	$	557			141
Investment in subsidiaries		73,733			88,332
Loans receivable, net		900			1,000
Prepaid expenses and other assets		10			79
Deferred tax asset, net		1,022			931
Total assets	$	76,222			90,483
Liabilities and Stockholders' Equity:
Accrued expenses and other liabilities	$	209			4,808
Total liabilities		209			4,808
Serial preferred stock		10,000			26,000
Common stock		91			91
Additional paid-in capital		50,207			51,175
Retained earnings		77,805			72,211
Net unrealized losses on securities available for sale		(418	)		(674	)
Unearned employee stock ownership plan shares		(2,610	)		(2,804	)
Treasury stock, at cost, 4,658,323 and 4,704,313 shares		(59,062	)		(60,324	)
Total stockholders' equity		76,013			85,675
Total liabilities and stockholders' equity	$	76,222			90,483
Condensed Statements of Income
Interest income	$	1			1			3
Equity income of subsidiaries		7,644			26,792			6,220
Compensation and benefits		(233	)		(235	)		(227	)
Occupancy		(24	)		(24	)		(24	)
Data processing		(6	)		(6	)		(6	)
Other		(539	)		(498	)		(513	)
Income before income tax expense		6,843			26,030			5,453
Income tax (benefit) expense		(536	)		(640	)		132
Net income	$	7,379			26,670			5,321
Condensed Statements of Cash Flows
Cash flows from operating activities:
Net income	$	7,379			26,670			5,321
Adjustments to reconcile net income to cash used by operating activities:
Equity income of subsidiaries		(7,644	)		(26,792	)		(6,220	)
Deferred income tax benefit		(92	)		(931	)		0
Earned employee stock ownership shares priced below original cost		53			(21	)		(162	)
Stock option compensation		1			4			7
Cancellation of restricted stock awards		0			(119	)		0
Amortization of restricted stock awards		240			202			233
Decrease in unearned ESOP shares		194			193			194
(Decrease) increase in accrued expenses and other liabilities		(420	)		47			65
Decrease (increase) in other assets		69			(65	)		22
Other, net		0			(1	)		0
Net cash used by operating activities		(220	)		(813	)		(540	)
Cash flows from investing activities:
Decrease (increase) in loans receivable, net		100			(200	)		600
Net cash provided (used) by investing activities		100			(200	)		600
Cash flows from financing activities:
Redemption of preferred stock		(16,000	)		0			0
Dividends to preferred stockholders		(5,964	)		0			0
Dividends received from Bank		22,500			1,000			0
Net cash provided by financing activities		536			1,000			0
Increase (decrease) in cash and cash equivalents		416			(13	)		60
Cash and cash equivalents, beginning of year		141			154			94
Cash and cash equivalents, end of year	$	557			141			154