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HMN Financial (HMNF) Company Profile

Updated May 14, 2020
HMN Financial has the following business profile:
Company's Full Name:HMN Financial, Inc.
Short Name:HMN Financial
Trading Ticker Symbol:HMNF
Primary Exchange:NASDAQ
Headquarter City/Country:Minnesota, MN
Primary Industry Sector:Finance
Seconday Sub-sector:Savings Institutions
Main Business Areas: Finance, Savings Institutions, Financial Services, Savings & Cooperative Banks
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding HMN Financial stock

Market and Trading Information for HMN Financial

The following details were available for trading and market data about the stock of HMN Financial as of writing:
Current Share Price:$13.46
Previous Year's Closing Price:$21.01
Percentage Price Change (YTD):-35.94%
Market Cap:$65.07 million
52-week Price Range:$13.46 - $23
Dividend Per Share:$0
EPS (TTM):1.63
Price-Earnings (Trailing):8.26
Price-Earnings (Forward):0

Company Profile and Business Description for HMN Financial

HMN Financial, Inc. (HMN), incorporated on March 23, 1994, is a stock savings bank holding company that owns Home Federal Savings Bank (the Bank). The Bank operates retail banking and loan production facilities in Minnesota, Iowa and Wisconsin. The Bank has two subsidiaries, Osterud Insurance Agency, Inc. (OIA), which offers financial planning products and services, and HFSB Property Holdings, LLC (HPH), which acts as an intermediary for the Bank in holding and operating certain foreclosed properties. HMN's business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase one- to four-family residential, commercial real estate and multi-family mortgage loans, as well as consumer, construction and commercial business loans.

The Company serves the southern Minnesota counties of Dodge, Fillmore, Freeborn, Houston, Mower, Olmsted and Winona, and portions of Steele, Goodhue and Wabasha through its corporate office located in Rochester, Minnesota and its branch offices located in Albert Lea, Austin, Kasson, La Crescent, Rochester, Spring Valley and Winona. HMN serves Dakota County, in the southern portion of the Minneapolis and St. Paul metropolitan area, from its office located in Eagan, Minnesota. The Company serves the Iowa county of Marshall through its branch office located in Marshalltown, Iowa.

Lending Activities

The Company originates over 15 and over 30 year fixed rate mortgage loans and some shorter term fixed rate loans. The shorter term fixed and adjustable rate loans are placed into portfolio, while over 15 and over 30 year fixed rate mortgage loans are sold in the secondary mortgage market. The Company offers a range of consumer loan products that include both open and closed end home equity loans. The Company originates permanent commercial real estate and multi-family loans secured by properties located primarily in its market area. It also purchases a limited amount of participations in commercial real estate and multi-family loans originated by third parties. The commercial real estate and multi-family loan portfolio includes loans secured by motels, hotels, apartment buildings, churches, ethanol plants, manufacturing plants, land developments, office buildings, business facilities, shopping malls, nursing homes, golf courses, restaurants, warehouses, convenience stores and other non-residential building properties primarily located in the upper Midwestern portion of the United States. The Company's commercial and multi-family real estate loans total over $209.3 million. The Company's one- to four-family real estate loans, consisting of both fixed rate and adjustable rate loans total over $90.9 million.

The Company makes construction loans to individuals for the construction of their residences and to builders for the construction of one- to four-family residences. Its construction loans also include commercial real estate loans. The Company's construction loans total over $38.1 million. The Company originates various consumer loans, including home equity loans (open-end and closed-end), automobile, mobile home, lot loans, loans secured by deposit accounts and other loans for household and personal purposes. The Company's consumer loans total over $64.4 million. The Company maintains a portfolio of commercial business loans to borrowers associated with the real estate industry, as well as to retail, manufacturing operations and professional firms. The Company's commercial business loans total over $70.1 million. The Company purchases participation interests in commercial business loans originated outside of the Company's market area from third party originators. These loans generally have underlying collateral of inventory or equipment and repayment periods of less than 10 years. The Company's loans total over $472.81 million.

Investment Activities

The Bank invests a portion of its liquid assets in interest-earning overnight deposits of the Federal Home Loan Bank of Des Moines (FHLB) and the Federal Reserve Bank of Minneapolis (FRB). The Bank's other investments include high grade municipal bonds, corporate preferred stock, corporate equity securities and medium-term (approximately five years) federal agency notes. The Company invests in the same type of investment securities as the Bank. The Company invests in mortgage-backed and related securities. All of the mortgage-backed and related securities owned by the Company are issued, insured or guaranteed either directly or indirectly by a United States Government Agency. The Company's mortgage-backed and related securities classified as available for sale total over $2.3 million. The Company's fair value of investment securities and FHLB stock classified as available for sale is over $110.38 million.

Sources of Funds

The Bank's primary sources of funds are retail, Internet and brokered deposits, payments of loan principal, interest earned on loans and securities, repayments and maturities of securities, borrowings and other funds provided from operations. The Bank offers a range of deposit accounts to retail and commercial customers having a range of interest rates and terms. The Bank's deposits consist of savings, negotiable order of withdrawal (NOW), money market, non-interest bearing checking and certificate accounts (including individual retirement accounts). The Bank's deposits total over $559.38 million. The Bank's other available sources of funds include advances from the FHLB and other borrowings from the FRB.

1016 Civic Center Dr NW

ETFs Holding HMN Financial Stock

As of March 2020, the following exchange-traded funds (ETF) hold the HMN Financial stocks in their respective portfolios. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
VXFVanguard Extended Market VIPERs ETFThe Vanguard Extended Market ETF tracks a market-cap-weighted version of the S&P Total Market Index, excluding all S&P 500 stocks. ...Full Details0.08%1901
Full List
Quarterly

See Full List of ETFs holding HMN Financial stock in their respective portfolios.

Peer / Competitor Companies of Savings Institutions Sector

Along with HMN Financial, Inc., the following other peer (competitor) companies also exist within the same Savings Institutions - Finance sector whose company profile and dividend history is as follows:

▶ 1st Constitution Bancorp NJ (FCCY): 1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central and northeastern New Jersey areas. The compa....See Detailed Company Profile,  Dividend History

▶ Bancorp 34 (BCTF): Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savin....See Detailed Company Profile,  Dividend History

▶ BankFinancial (BFIN): BankFinancial Corporation, incorporated on September 23, 2004, is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the ....See Detailed Company Profile,  Dividend History

▶ BankUnited (BKU): BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate ....See Detailed Company Profile,  Dividend History

▶ BCB Bancorp NJ (BCBP): BCB Bancorp, Inc. operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United Stat....See Detailed Company Profile,  Dividend History

▶ Broadway Financial (BYFC): Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal ....See Detailed Company Profile,  Dividend History

▶ Brookline Bancorp (BRKL): Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank ....See Detailed Company Profile,  Dividend History

▶ Capitol Federal Financial (CFFN): Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal ....See Detailed Company Profile,  Dividend History

▶ Carver Bancorp (CARV): Carver Bancorp, Inc. operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses,....See Detailed Company Profile,  Dividend History

▶ Central Federal (CFBK): Central Federal Corporation operates as the bank holding company for CFBank that provides various financial services in the United States. The company accepts savings, retail and business checking, an....See Detailed Company Profile,  Dividend History

▶ Citizens Community Bancorp (CZWI): Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural ....See Detailed Company Profile,  Dividend History

▶ Codorus Valley Bancorp (CVLY): Codorus Valley Bancorp, Inc., incorporated on October 7, 1986, is a bank holding company. The Company provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company ....See Detailed Company Profile,  Dividend History

▶ Dime Community Bancshares (DCOM): Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings....See Detailed Company Profile,  Dividend History

▶ Equitable Financial (EQFN): Equitable Financial Corp. operates as the holding company for Equitable Bank that provides various banking products and services in Nebraska, the United States. It offers deposit products, including c....See Detailed Company Profile,  Dividend History

▶ ETRADE Financial (ETFC): E*Trade Financial Corporation, incorporated on September 4, 2003, is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the ....See Detailed Company Profile,  Dividend History

▶ EverBank Financial (EVER): EverQuote, Inc. operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home, and life insurance quotes. It ser....See Detailed Company Profile,  Dividend History

▶ First Capital (FCAP): First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers a range of deposit ins....See Detailed Company Profile,  Dividend History

▶ First Defiance Financial (FDEF): First Defiance Financial Corp., incorporated on June 7, 1995, is a unitary thrift holding company that focuses on traditional banking and property and casualty, life and group health insurance products. ....See Detailed Company Profile,  Dividend History

▶ First Guaranty Bancshares (FGBI): First Guaranty Bancshares, Inc., incorporated on November 6, 2003, is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized ....See Detailed Company Profile,  Dividend History

▶ First Savings Financial (FSFG): First Savings Financial Group, Inc. operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The comp....See Detailed Company Profile,  Dividend History

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