Name | Value |
---|---|
Revenues | 14.8M |
Cost of Revenue | 2.2M |
Gross Profit | 12.6M |
Operating Expense | 3.4M |
Operating I/L | 1.3M |
Other Income/Expense | 1.3M |
Interest Income | 2.2M |
Pretax | 1.3M |
Income Tax Expense | 0.4M |
Net Income/Loss | 1.0M |
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.