Name | Value |
---|---|
Revenues | 10.9M |
Cost of Revenue | 0.0M |
Gross Profit | 10.9M |
Operating Expense | 12.8M |
Operating I/L | 4.4M |
Other Income/Expense | -1.1M |
Interest Income | 10.0M |
Pretax | 3.3M |
Income Tax Expense | 0.9M |
Net Income/Loss | 2.4M |
HMN Financial, Inc. operates as a bank holding company for Home Federal Savings Bank, offering a range of retail banking products and services. The company provides various deposit accounts, including savings, checking, money market, and certificate accounts, as well as a variety of loan products such as residential, commercial real estate, construction, and consumer loans. Additionally, it offers financial planning products and services, and invests in mortgage-backed securities, government agency obligations, and other permissible investments. With 14 full-service branches and two loan origination offices, HMN Financial generates revenue through interest income from loans and returns on its investment portfolio.