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Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only)
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
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OTE
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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, 2019
and
2018
and for the years ended
December 31, 2019,
2018
and
2017.
 
(Dollars in thousands)
  
201
9
    
2018
    
2017
  
Condensed Balance Sheets
                        
Assets:
                        
Cash and cash equivalents
  
$
7,722
      
1,534
      
 
  
Investment in subsidiaries
  
 
84,507
      
79,737
      
 
  
Prepaid expenses and other assets
  
 
610
      
2,014
      
 
  
Deferred tax asset, net
  
 
24
      
95
      
 
  
Total assets
  
$
92,863
      
83,380
      
 
  
Liabilities and Stockholders' Equity:
                        
Accrued expenses and other liabilities
  
$
215
      
233
      
 
  
Total liabilities
  
 
215
      
233
      
 
  
Common stock
  
 
91
      
91
      
 
  
Additional paid-in capital
  
 
40,365
      
40,090
      
 
  
Retained earnings
  
 
107,547
      
99,754
      
 
  
Net unrealized gains (losses) on securities available for sale
  
 
46
      
(1,096
 )    
 
  
Unearned employee stock ownership plan shares
  
 
(1,643
)
    
(1,836
 )    
 
  
Treasury stock, at cost, 4,284,840 and 4,292,838 shares
  
 
(53,758
)
    
(53,856
 )    
 
  
Total stockholders' equity
  
 
92,648
      
83,147
      
 
  
Total liabilities and stockholders' equity
  
$
92,863
      
83,380
      
 
  
Condensed Statements of Income
                        
Interest income (expense)
  
$
21
      
0
      
(306
 )
Equity income of subsidiaries
  
 
8,627
      
8,800
      
4,878
  
Compensation and benefits
  
 
(240
)
    
(221
 )    
(257
 )
Occupancy and equipment
  
 
(30
)
    
(30
 )    
(30
 )
Data processing
  
 
(6
)
    
(6
 )    
(6
 )
Professional services
  
 
(131
)
    
(124
 )    
(130
 )
Other
  
 
(367
)
    
(331
 )    
(319
 )
Income before income tax expense (benefit)
  
 
7,874
      
8,088
      
3,830
  
Income tax expense (benefit)
  
 
81
      
(148
 )    
(574
 )
Net income
  
$
7,793
      
8,236
      
4,404
  
Condensed Statements of Cash Flows
                        
Cash flows from operating activities:
                        
Net income
  
$
7,793
      
8,236
      
4,404
  
Adjustments to reconcile net income to cash used by operating activities:
                        
Equity income of subsidiaries
  
 
(8,627
)
    
(8,800
 )    
(4,878
 )
Deferred income tax benefit
  
 
71
      
46
      
615
  
Earned employee stock ownership shares priced above original cost
  
 
230
      
206
      
147
  
Stock option compensation
  
 
1
      
17
      
41
  
Amortization of restricted stock awards
  
 
187
      
134
      
147
  
Decrease in unearned ESOP shares
  
 
193
      
194
      
193
  
Decrease (increase) in other assets
  
 
1,404
      
(146
 )    
(6
 )
Decrease in other liabilities
  
 
(18
)
    
(20
 )    
(866
 )
Other, net
  
 
(1
)
    
(1
 )    
0
  
Net cash provided (used) by operating activities
  
 
1,233
      
(134
 )    
(203
 )
Cash flows from financing activities:
                        
Warrants purchased
  
 
0
      
(6,453
 )    
0
  
Excess tax benefit from options exercised
  
 
0
      
64
      
0
  
Stock awards withheld for tax withholding
  
 
(45
)
    
0
      
(54
 )
Repayments of borrowings
  
 
0
      
0
      
(7,000
 )
Dividends received from Bank
  
 
5,000
      
6,000
      
6,000
  
Net cash provided (used) by financing activities
  
 
4,955
      
(389
 )    
(1,054
 )
Increase (decrease) in cash and cash equivalents
  
 
6,188
      
(523
 )    
(1,257
 )
Cash and cash equivalents, beginning of year
  
 
1,534
      
2,057
      
3,314
  
Cash and cash equivalents, end of year
  
$
7,722
      
1,534
      
2,057