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Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only)
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
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HMN Financial, Inc. Financial Information (Parent Company Only)
The following are the condensed financial statements for the parent company only as of
December 31, 2018
and
2017
and for the years ended
December 31, 2018,
2017
and
2016.
(Dollars in thousands)
  
201
8
    
2017
    
2016
  
Condensed Balance Sheets
                        
Assets:
                        
Cash and cash equivalents
  
$
1,534
      
2,057
      
 
  
Investment in subsidiaries
  
 
79,737
      
77,006
      
 
  
Prepaid expenses and other assets
  
 
2,014
      
1,867
      
 
  
Deferred tax asset, net
  
 
95
      
141
      
 
  
Total assets
  
$
83,380
      
81,071
      
 
  
Liabilities and Stockholders' Equity:
                        
Accrued expenses and other liabilities
  
$
233
      
253
      
 
  
Total liabilities
  
 
233
      
253
      
 
  
Common stock
  
 
91
      
91
      
 
  
Additional paid-in capital
  
 
40,090
      
50,623
      
 
  
Retained earnings
  
 
99,754
      
91,448
      
 
  
Net unrealized losses on securities available for sale
  
 
(1,096
)
    
(957
 )    
 
  
Unearned employee stock ownership plan shares
  
 
(1,836
)
    
(2,030
 )    
 
  
Treasury stock, at cost, 4,292,838 and 4,631,124 shares
  
 
(53,856
)
    
(58,357
 )    
 
  
Total stockholders' equity
  
 
83,147
      
80,818
      
 
  
Total liabilities and stockholders' equity
  
$
83,380
      
81,071
      
 
  
Condensed Statements of Income
                        
Interest expense
  
$
0
      
(306
 )    
(589
 )
Equity income of subsidiaries
  
 
8,800
      
4,878
      
7,148
  
Compensation and benefits
  
 
(221
)
    
(257
 )    
(264
 )
Occupancy
  
 
(30
)
    
(30
 )    
(30
 )
Data processing
  
 
(6
)
    
(6
 )    
(6
 )
Professional services
  
 
(124
)
    
(130
 )    
(138
 )
Other
  
 
(331
)
    
(319
 )    
(329
 )
Income before income tax benefit
  
 
8,088
      
3,830
      
5,792
  
Income tax benefit
  
 
(148
)
    
(574
 )    
(558
 )
Net income
  
$
8,236
      
4,404
      
6,350
  
Condensed Statements of Cash Flows
                        
Cash flows from operating activities:
                        
Net income
  
$
8,236
      
4,404
      
6,350
  
Adjustments to reconcile net income to cash used by operating activities:
                        
Equity income of subsidiaries
  
 
(8,800
)
    
(4,878
 )    
(7,148
 )
Deferred income tax benefit
  
 
46
      
615
      
244
  
Earned employee stock ownership shares priced above original cost
  
 
206
      
147
      
80
  
Stock option compensation
  
 
17
      
41
      
79
  
Amortization of restricted stock awards
  
 
134
      
147
      
177
  
Decrease in unearned ESOP shares
  
 
194
      
193
      
194
  
Increase in other assets
  
 
(146
)
    
(6
 )    
(11
 )
Decrease in other liabilities
  
 
(20
)
    
(866
 )    
(214
 )
Other, net
  
 
(1
)
    
0
      
(1
 )
Net cash used by operating activities
  
 
(134
)
    
(203
 )    
(250
 )
Cash flows from financing activities:
                        
Warrants purchased
  
 
(6,453
)
    
0
      
0
  
Excess tax benefit from options exercised
  
 
64
      
0
      
0
  
Stock awards withheld for tax withholding
  
 
0
      
(54
 )    
0
  
Repayments of borrowings
  
 
0
      
(7,000
 )    
(2,000
 )
Dividends received from Bank
  
 
6,000
      
6,000
      
3,000
  
Net cash (used) provided by financing activities
  
 
(389
)
    
(1,054
 )    
1,000
  
(Decrease) increase in cash and cash equivalents
  
 
(523
)
    
(1,257
 )    
750
  
Cash and cash equivalents, beginning of year
  
 
2,057
      
3,314
      
2,564
  
Cash and cash equivalents, end of year
  
$
1,534
      
2,057
      
3,314