| Business Summary | | HMN
Financial,
Inc.
(HMN)
is
the
savings
and
loan
holding
company
of
Home
Federal
Savings
Bank
(the
Bank).
Home
Federal
operates
retail
banking
facilities
in
Minnesota
and
Iowa.
HMN's
business
involves
attracting
deposits
from
the
general
public
and
using
such
deposits
to
originate
or
purchase
one-
to
four-family
residential,
commercial
real
estate
and
multi-family
mortgage
loans,
in
addition
to
consumer,
construction
and
commercial
business
loans.
The
Bank
has
two
wholly
owned
subsidiaries,
Osterud
Insurance
Agency,
Inc.
(OAI),
which
offers
financial
planning
products
and
services,
and
Home
Federal
Mortgage
Services,
LLC,
which
operates
a
mortgage
banking
and
mortgage
brokerage
facility
located
in
Brooklyn
Park,
Minnesota. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HMNF
is
a
savings
and
loan
holding
company
for
the
federally
chartered
Home
Federal
Savings
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$26.7
million.
Net
interest
income
after
loan
loss
prov.
remained
flat
at
$9.9
million.
Net
income
fell
16%
to
$2.9
million.
Net
interest
income
reflects
higher
average
interest
earning
assets,
partially
offset
by
a
higher
loss
provision.
Net
income
was
offset
by
increased
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Timothy Geisler, 49 Chairman | -- | Michael McNeil, 53 Pres,
Director | $224K | Timothy Johnson, 48 CFO,
Exec. VP, Director | 109K | Dwain Jorgensen, 52 Sr.
VP -Operations | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|