Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Condensed Financial Statements [Table Text Block]

(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