HMN Financial (HMNF) 10-K 3 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 28, 2023	Jun. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0000921183
Entity Registrant Name	HMN FINANCIAL INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	0-24100
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-1777397
Entity Address, Address Line One	1016 Civic Center Drive Northwest
Entity Address, Postal Zip Code	55901
Entity Address, City or Town	Rochester
Entity Address, State or Province	MN
City Area Code	507
Local Phone Number	535-1200
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	HMNF
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 84,100,000
Entity Common Stock, Shares Outstanding		4,484,614
Auditor Firm ID	655
Auditor Name	CliftonLarsonAllen LLP
Auditor Location	Minneapolis, Minnesota

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 36,259	$ 94,143
Securities available for sale	246,019	285,765
Loans held for sale	1,314	5,575
Loans receivable, net	777,078	652,502
Accrued interest receivable	3,003	2,132
Mortgage servicing rights, net	2,986	3,280
Premises and equipment, net	16,492	17,373
Goodwill	802	802
Core deposit intangible	0	10
Prepaid expenses and other assets	3,902	5,427
Deferred tax asset, net	8,347	2,529
Total assets	1,096,202	1,069,538
LIABILITIES AND STOCKHOLDERS’EQUITY
Deposits	981,926	950,666
Accrued interest payable	298	63
Customer escrows	10,122	2,143
Accrued expenses and other liabilities	6,520	6,635
Total liabilities	998,866	959,507
Commitments and contingencies
Stockholders’ equity:
Serial preferred stock ($.01 par value):authorized 500,000 shares; issued 0	0	0
Common stock ($.01 par value): authorized 16,000,000 shares; issued 9,128,662	91	91
Additional paid-in capital	41,013	40,740
Retained earnings, subject to certain restrictions	138,409	131,413
Accumulated other comprehensive loss	(19,761)	(1,583)
Unearned employee stock ownership plan shares	(1,063)	(1,256)
Treasury stock, at cost 4,647,686 and 4,564,087 shares	(61,353)	(59,374)
Total stockholders’ equity	97,336	110,031
Total liabilities and stockholders’ equity	1,096,202	1,069,538
Collateralized Mortgage-Backed Securities [Member]
ASSETS
Securities available for sale	192,688	245,397
Other Debt Obligations [Member]
ASSETS
Securities available for sale	$ 53,331	$ 40,368

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Securities available for sale, amortized cost	$ 272,319	$ 287,966
Serial-preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Serial-preferred stock, shares authorized (in shares)	500,000	500,000
Serial-preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	16,000,000	16,000,000
Common stock, shares issued (in shares)	9,128,662	9,128,662
Treasury stock, shares (in shares)	4,647,686	4,564,087
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, amortized cost	$ 216,621	$ 247,275
Other Debt Obligations [Member]
Securities available for sale, amortized cost	$ 55,698	$ 40,691

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans receivable		$ 30,448	$ 29,449
Securities available for sale:
Mortgage-backed and related		2,801	1,864
Other marketable		428	282
Other		578	166
Total interest income		34,255	31,761
Interest expense:
Deposits		1,732	1,553
Customer escrows		16	0
Advances and other borrowings		251	0
Total interest expense		1,999	1,553
Net interest income		32,256	30,208
Provision for loan losses		1,071	(2,119)
Net interest income after provision for loan losses		31,185	32,327
Non-interest income:
Gain on sales of loans	[1]	2,393	6,566
Other		1,682	3,017
Total non-interest income		8,887	14,263
Non-interest expense:
Compensation and benefits		17,211	16,114
Occupancy and equipment		3,812	4,372
Data processing		1,948	1,445
Professional services		1,386	1,438
Other		4,444	4,292
Total non-interest expense		28,801	27,661
Income before income tax expense		11,271	18,929
Income tax expense		3,226	5,365
Net income		8,045	13,564
Other comprehensive loss, net of tax		(18,178)	(2,865)
Comprehensive (loss) income available to common shareholders		$ (10,133)	$ 10,699
Basic earnings per common share (in dollars per share)		$ 1.85	$ 3.03
Diluted earnings per common share (in dollars per share)		$ 1.83	$ 3.01
Financial Service [Member]
Non-interest income:
Revenue from Contract with Customer		$ 3,222	$ 3,125
Bank Servicing [Member]
Non-interest income:
Revenue from Contract with Customer	[1]	$ 1,590	$ 1,555
[1]Not within the scope of ASC 606.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Unearned Employee Stock Ownership Plan Shares [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2020	$ 91	$ 40,480	$ 117,849	$ 1,282	$ (1,450)	$ (55,000)	$ 103,252
Net income			13,564				13,564
Other comprehensive income (loss), net of tax				(2,865)			(2,865)
Stock repurchases						(4,589)	(4,589)
Restricted stock awards		(222)				222	0
Stock awards withheld for tax withholding						(7)	(7)
Amortization of restricted stock awards		243					243
Earned employee stock ownership plan shares		239			194		433
Balance at Dec. 31, 2021	91	40,740	131,413	(1,583)	(1,256)	(59,374)	110,031
Net income			8,045				8,045
Other comprehensive income (loss), net of tax				(18,178)			(18,178)
Stock repurchases						(2,134)	(2,134)
Restricted stock awards		(225)				225	0
Stock awards withheld for tax withholding						(70)	(70)
Amortization of restricted stock awards		227					227
Earned employee stock ownership plan shares		271			193		464
Dividends paid to stockholders			(1,049)				(1,049)
Balance at Dec. 31, 2022	$ 91	$ 41,013	$ 138,409	$ (19,761)	$ (1,063)	$ (61,353)	$ 97,336

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income		$ 8,045	$ 13,564
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan losses		1,071	(2,119)
Depreciation		1,219	1,068
Amortization of premiums, net		993	1,035
Amortization of deferred loan fees		(813)	(2,564)
Amortization of purchased asset fair value adjustments		(18)	(23)
Amortization of mortgage servicing rights		909	1,168
Capitalized mortgage servicing rights		(615)	(1,405)
Deferred income tax expense		103	612
Loss (gains) recognized on equity securities, net		22	(99)
Gains on sale of premises		(6)	(15)
Gains on sale of real estate owned, net		(113)	(1,492)
Gain on sales of loans	[1]	(2,393)	(6,566)
Proceeds from sales of loans held for sale		92,669	193,078
Disbursements on loans held for sale		(71,062)	(172,779)
Amortization of restricted stock awards		227	243
Amortization of unearned ESOP shares		193	194
Earned ESOP shares priced above original cost		271	239
(Increase) decrease in accrued interest receivable		(871)	970
Increase (decrease) in accrued interest payable		235	(77)
Decrease in other assets		1,346	1,503
Decrease in other liabilities		(115)	(2,307)
Other, net		4	28
Net cash provided by operating activities		31,311	24,303
Cash flows from investing activities:
Principal collected on securities available for sale		44,698	40,353
Proceeds collected on maturity of securities available for sale		5,000	30,762
Purchases of securities available for sale		(35,043)	(213,803)
Purchase of Federal Home Loan Bank stock		(6,819)	(159)
Redemption of Federal Home Loan Bank stock		6,628	0
Proceeds from sales of real estate		403	2,128
Net increase in loans receivable		(139,715)	(18,429)
Proceeds from sale of premises		9	17
Purchases of premises and equipment		(342)	(8,309)
Net cash used by investing activities		(125,181)	(167,440)
Cash flows from financing activities:
Increase in deposits		31,260	155,462
Treasury stock purchased		(2,134)	(4,589)
Stock awards withheld for tax withholding		(70)	(7)
Dividends to stockholders		(1,049)	0
Proceeds from borrowings		158,900	1
Repayment of borrowings		(158,900)	(1)
Increase in customer escrows		7,979	145
Net cash provided by financing activities		35,986	151,011
(Decrease) increase in cash and cash equivalents		(57,884)	7,874
Cash and cash equivalents, beginning of year		94,143	86,269
Cash and cash equivalents, end of year		36,259	94,143
Supplemental cash flow disclosures:
Cash paid for interest		1,764	1,630
Cash paid for income taxes		2,000	6,628
Supplemental noncash flow disclosures:
Loans transferred to loans held for sale		14,899	12,971
Transfer of loans to real estate owned, net		0	290
Right to use assets obtained in exchange for lease obligations		394	99
Termination of lease right of use assets and lease obligations		0	2,273
Core Deposits [Member]
Adjustments to reconcile net income to cash provided by operating activities:
Amortization of core deposit intangible		$ 10	$ 47
[1]Not within the scope of ASC 606.

Note 1 - Description of the Bus

Note 1 - Description of the Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 HMN Financial, Inc. (HMN or the Company) is a stock savings bank holding company that owns 100 percent of Home Federal Savings Bank (the Bank). The Bank has a community banking philosophy and operates retail banking and loan production facilities in Minnesota, Iowa and Wisconsin. The Bank has two wholly owned subsidiaries, Osterud Insurance Agency, Inc. (OIA), which does business as Home Federal Investment Services and offers financial planning products and services, and HFSB Property Holdings, LLC (HPH), which is currently inactive, but has acted in the past as an intermediary for the Bank in holding and operating certain foreclosed properties. The consolidated financial statements included herein are for HMN, the Bank, OIA and HPH. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company evaluated subsequent events through the filing date of this Annual Report on Form 10 March 3, 2023. Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ from those estimates. An estimate that is particularly susceptible to change relates to the determination of the allowance for loan losses. Management believes that the allowance for loan losses is appropriate to cover probable losses inherent in the portfolio at the date of the balance sheet. While management uses available information to recognize losses on loans, future additions to the allowance may may Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal and state income tax laws, and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. Cash and Cash Equivalents The Company considers highly liquid investments with original maturities of three Securities Securities are accounted for according to their purpose and holding period. The Company classifies its debt securities in one three Trading Securities Securities held principally for resale in the near term are classified as trading securities and are recorded at their fair values. Unrealized gains and losses on trading securities are included in other income. Securities Held to Maturity Securities that the Company has the positive intent and ability to hold to maturity are reported at cost and adjusted for premiums and discounts that are recognized in interest income using the interest method with discounts amortized over the period to maturity and premiums amortized to the earliest call date. Unrealized losses on securities held to maturity reflecting a decline in value judged to be other than temporary are charged to income and a new cost basis is established. Securities Available for Sale Securities available for sale consist of securities not may Management monitors the investment security portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other than temporary. This process involves analyzing the length of time and extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the Company's intent and ability to hold the investment for a period of time sufficient to recover the temporary loss, including determining whether it is more-likely-than- not Equity Securities Equity securities are carried at their fair market value with any changes during the period recognized in other income on the consolidated statements of comprehensive (loss) income. Loans Held for Sale Mortgage loans originated which are intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net fees and costs associated with originating loans held for sale are deferred and included in the basis of the loan in determining the gain or loss on the sale of the loans. Gains on the sale of loans are recognized on the settlement date. Net unrealized losses are recognized through a valuation allowance by charges to income. Loans Receivable, net Loans receivable, net, are carried at amortized cost. Loan origination fees received, net of certain loan origination costs, are deferred as an adjustment to the carrying value of the related loan and are amortized into income using the interest method over the estimated life of the loans. Premiums and discounts on purchased loans are amortized into interest income using the interest method over the period to contractual maturity, adjusted for estimated prepayments. The allowance for loan losses is based on a periodic analysis of the loan portfolio and is maintained at an amount considered to be appropriate by management to provide for probable losses inherent in the loan portfolio as of the balance sheet dates. In this analysis, management considers factors including, but not third two third not third may third 120 may not The Company adopted Accounting Standards Update (ASU) 2016 13, Financial Instruments-Credit Losses (Topic 326 January 1, 2023, New Accounting Pronouncements 1 2016 13 January 1, 2023. Interest income is recognized on an accrual basis except when collectability is in doubt. When loans are placed on a non-accrual basis, generally when the loan is 90 first six no All impaired loans are valued at the present value of expected future cash flows discounted at the loan's initial effective interest rate. The fair value of the collateral of an impaired collateral-dependent loan or an observable market price, if one may 90 Included in loans receivable, net, are certain loans that have been modified in order to maximize collection of the loan balances. The Company evaluates all loan modifications and if the Company, for legal or economic reasons related to the borrower's financial difficulties, grants a concession compared to the original terms and conditions of the loan that the Company would not six six two no not first one second FASB issued Accounting Standards Update (ASU) 2022 02, Financial Instruments-Credit Losses (Topic 326 310 40, Receivables-Troubled Debt Restructurings by Creditors, New Accounting Pronouncements 1 2022 02 January 1, 2023. Transfers of Financial Assets and Participating Interests Transfers of an entire financial asset or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not The transfer of a participating interest in an entire financial asset must also meet the definition of a participating interest. A participating interest in a financial asset has all of the following characteristics: ( 1 2 3 4 no Real Estate, net Real estate acquired through loan foreclosure or deed in lieu of foreclosure is initially recorded at its fair value less estimated selling costs. Third party appraisals are obtained as soon as it is practical after obtaining possession of the property. Valuations are reviewed quarterly by management and an allowance for losses is established if the carrying value of a property exceeds its fair value less estimated selling costs. Mortgage Servicing Rights, net Mortgage servicing rights are capitalized at their fair value and amortized in proportion to, and over the period of, estimated net servicing income. The Company evaluates its capitalized mortgage servicing rights for impairment each quarter. Loan type and note rate are the predominant risk characteristics of the underlying loans used to stratify capitalized mortgage servicing rights for purposes of measuring impairment. Any impairment is recognized through a valuation allowance. Premises and Equipment, net Land is carried at cost. Office buildings, improvements, and furniture and equipment are carried at cost less accumulated depreciation. Depreciation is computed on a straight-line basis over their estimated useful lives of 5 to 40 years for office buildings and improvements and 3 to 10 years for furniture and equipment. Goodwill The Company records goodwill for acquisition amounts paid in excess of the net assets purchased. Goodwill is not Core Deposit Intangible, net The Company records the estimated fair value of the deposit base acquired in an acquisition as a core deposit intangible asset. The recorded amount is amortized on a straight line basis over the estimated life of the deposits acquired. Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of The Company reviews long-lived assets and certain identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not Stock Based Compensation The Company recognizes the grant-date fair value of stock options and restricted stock awards issued as compensation expense, amortized over the vesting period. Employee Stock Ownership Plan (ESOP) The Company has an ESOP that borrowed funds from the Company and purchased shares of HMN common stock. The Company makes quarterly principal and interest payments on the ESOP loan. As the debt is repaid, ESOP shares that were pledged as collateral for the debt are released from collateral based on the proportion of debt service paid in the year and then allocated to eligible employees. The Company accounts for its ESOP in accordance with ASC 718, Employers' Accounting for Employee Stock Ownership Plans Income Taxes Deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is required to be recognized if it is more-likely-than- not not no 2019. Earnings per Common Share Basic earnings per common share excludes dilution and is computed by dividing the income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the entity. Comprehensive (Loss) Income Comprehensive (loss) income is defined as the change in equity during a period from transactions and other events from non-owner sources. Comprehensive (loss) income is the total of net income and other comprehensive (loss) income, which for the Company is comprised of unrealized losses and gains on securities available for sale. Segment Information The amount of each segment item reported is the measure reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segment and assessing its performance. Adjustments and eliminations made in preparing an enterprise’s general-purpose financial statements and allocations of revenues, expenses, and gains or losses are included in determining reported segment profit or loss if they are included in the measure of the segment’s profit or loss that is used by the chief operating decision maker. Similarly, only those assets that are included in the measure of the segment’s assets that are used by the chief operating decision maker are reported for that segment. New Accounting Pronouncements In March 2022, 2022 02, Financial Instruments-Credit Losses (Topic 326 310 40, Receivables-Troubled Debt Restructurings by Creditors, 310 20 35 9 35 11 326 20, Financial Instruments-Credit Losses-Measured at Amortized Cost 326 20 50 6 . not 2016 13 2016 13 January 1, 2023, not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 not December 15, 2019, November 26, 2019, 2019 11, Codification Improvements to Topic 326, Credit Losses 2016 13 first 2020 first 2023. may December 15, 2018, January 1, 2023. January 1, 2023. December 31, 2022. On February 6, 2020, 2020 02, Financial Instruments-Credit Losses (Topic 326 842 No. 119 No. 2016 02, 842 Leases (Topic 842 not 326 326. January 1, 2023 third Derivative Financial Instruments The Company uses derivative financial instruments in order to manage the interest rate risk on residential loans held for sale and its commitments to extend credit for residential loans. The Company may Reclassifications Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform to the current year presentation.

Note 2 - Revenue Recognition

Note 2 - Revenue Recognition	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2 The Company recognizes revenue in accordance with ASU 2014 09 Topic 606 606” 606 606 The following table presents the Company’s sources of non-interest income for the years ended December 31, 2022 2021. 606 Year Ended December 31, (Dollars in thousands) 2022 2021 Non-interest income: Fees and service charges on deposit accounts $ 1,095 979 Other fees and service charges 416 392 Debit card interchange fees 1,711 1,754 Gain on sale of loans (1) 2,393 6,566 Loan servicing fees (1) 1,590 1,555 Uninsured investment product sales 1,396 1,208 Other 286 1,809 Total non-interest income $ 8,887 14,263 ( 1 Not 606. A description of the Company’s revenue categories that are accounted for under ASC 606 Fees and Service Charges on Deposit Accounts The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, wire transfer fees, check cashing fees, stop payment charges, statement rendering charges, ACH fees, and other deposit related fees, are recognized at the time the transaction is executed or when the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposit accounts are recognized when they are withdrawn from the customer’s account balance. Other Fees and Service Charges Other fees and service charges consist of revenues that are both within the scope of and outside the scope of ASC 606. 606 606 Debit Card Interchange Fees The Company earns interchange fees from debit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions are recognized daily, concurrently with the transaction processing services provided by an outsourced technology solution and are presented on a net basis. Uninsured Investment Product Sales Commission revenues on the sale of uninsured investment products may Other 606. 606 606

Note 3 - Other Comprehensive Lo

Note 3 - Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 3 The components of other comprehensive loss and the related tax effects were as follows: For the Years Ended December 31, 2022 2021 (Dollars in thousands Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Securities available for sale: Unrealized losses arising during the period $ (24,098 ) (5,920 ) (18,178 ) (3,979 ) (1,114 ) (2,865 ) Other comprehensive loss $ (24,098 ) (5,920 ) (18,178 ) (3,979 ) (1,114 ) (2,865 )

Note 4 - Securities Available f

Note 4 - Securities Available for Sale	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 4 A summary of securities available for sale at December 31, 2022 2021 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2022 Mortgage-backed securities: Federal National Mortgage Association (FNMA) $ 117,690 0 (12,754 ) 104,936 Federal Home Loan Mortgage Corporation (FHLMC) 98,893 0 (11,177 ) 87,716 Collateralized mortgage obligations: FNMA 38 0 (2 ) 36 216,621 0 (23,933 ) 192,688 Other marketable securities: U.S. Government agency obligations 54,998 0 (2,157 ) 52,841 Corporate preferred stock 700 0 (210 ) 490 55,698 0 (2,367 ) 53,331 Total $ 272,319 0 (26,300 ) 246,019 December 31, 2021 Mortgage-backed securities: FNMA $ 138,628 550 (1,367 ) 137,811 FHLMC 108,599 126 (1,189 ) 107,536 Collateralized mortgage obligations: FNMA 48 2 0 50 247,275 678 (2,556 ) 245,397 Other marketable securities: U.S. Government agency obligations 39,991 56 (337 ) 39,710 Corporate preferred stock 700 0 (42 ) 658 40,691 56 (379 ) 40,368 Total $ 287,966 734 (2,935 ) 285,765 The Company did not not 2022 2021. The following table presents the amortized cost and estimated fair value of securities available for sale at December 31, 2022, may may (Dollars in thousands) Amortized Cost Fair Due one year or less $ 67,917 61,838 Due after one year through five years 156,729 141,907 Due after five years through fifteen years 47,670 42,271 Due after fifteen years 3 3 Total $ 272,319 246,019 The allocation of mortgage-backed securities in the table above is based upon the anticipated future cash flow of the securities using estimated mortgage prepayment speeds. The following table shows the gross unrealized losses and fair values for the securities available for sale portfolio aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2022 2021: Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Mortgage backed securities: FNMA 12 $ 19,337 (1,629 ) 22 $ 85,599 (11,125 ) $ 104,936 (12,754 ) FHLMC 4 10,542 (1,214 ) 20 77,174 (9,963 ) 87,716 (11,177 ) Collateralized mortgage obligations: FNMA 1 36 (2 ) 0 0 0 36 (2 ) Other marketable securities: U.S. government and agency obligations 4 19,334 (667 ) 7 33,507 (1,490 ) 52,841 (2,157 ) Corporate preferred stock 0 0 0 1 490 (210 ) 490 (210 ) Total 21 $ 49,249 (3,512 ) 50 $ 196,770 (22,788 ) $ 246,019 (26,300 ) December 31, 2021 Mortgage backed securities: FNMA 19 $ 98,423 (1,234 ) 2 $ 6,810 (133 ) $ 105,233 (1,367 ) FHLMC 17 85,624 (1,038 ) 2 7,664 (151 ) 93,288 (1,189 ) Other marketable securities: U.S. government and agency obligations 7 34,659 (337 ) 0 0 0 34,659 (337 ) Corporate preferred stock 0 0 0 1 658 (42 ) 658 (42 ) Total 43 $ 218,706 (2,609 ) 5 $ 15,132 (326 ) $ 233,838 (2,935 ) Management reviews the investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the market liquidity for the investment, the financial condition and near-term prospects of the issuer, including any specific events which may December 31, 2022 December 31, 2022 not December 31, 2022. not may

Note 5 - Loans Receivable, Net

Note 5 - Loans Receivable, Net	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 5 A summary of loans receivable at December 31, 2022 2021, (Dollars in thousands) 2022 2021 Single family real estate $ 205,890 163,322 Commercial real estate: Construction: Single family 28,425 23,293 Multi-family 1,699 9,986 Commercial real estate 16,421 13,959 Churches/community service 11,933 11,332 Commercial buildings/storage facilities 12,705 11,881 Land developments 30,230 12,041 Lodging 59,762 57,220 Manufacturing 23,478 23,913 Movie theaters 8,861 9,334 Multi-family 53,885 43,140 Nursing home/healthcare 24,528 19,870 Restaurant/bar 8,622 8,473 Retail/office 107,221 87,244 Warehouse 51,002 31,501 Other (1) 32,573 33,681 471,345 396,868 Consumer: Home equity line 17,551 17,467 Home equity 10,865 7,557 Land/lots 4,146 2,154 Recreational vehicles 7,870 10,985 Other (1) 4,385 3,482 44,817 41,645 Commercial business 65,835 60,165 Total loans 787,887 662,000 Less: Unamortized discounts 13 10 Net deferred loan fees 519 209 Allowance for loan losses 10,277 9,279 Total loans receivable, net $ 777,078 652,502 Commitments to originate or purchase loans $ 24,493 14,501 Commitments to deliver loans to secondary market $ 6,575 12,340 Weighted average contractual rate of loans in portfolio 4.51 % 4.01 % (1) Amounts under four million dollars in both years are included in Other . Included in total commitments to originate or purchase loans are fixed rate loans aggregating $5.3 million and $13.5 million as of December 31, 2022 2021, December 31, 2022 December 31, 2021. There were no loans to executive officers and directors of the Company as of December 31, 2022 December 31, 2021. 2022, At December 31, 2022 2021, The Company originates residential, commercial real estate and other loans primarily in Minnesota, Wisconsin and Iowa. At December 31, 2022 2021, 2022 2021 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Minnesota $ 177,139 86.0 % $ 142,252 87.1 % Wisconsin 23,030 11.2 15,048 9.2 Other states (1) 5,721 2.8 6,022 3.7 Total $ 205,890 100.0 % $ 163,322 100.0 % ( 1 Amounts under four million At December 31, 2022 2021, 2022 2021 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Colorado $ 6,031 1.3 % $ 6,150 1.6 % Florida 7,049 1.5 4,293 1.1 Idaho 4,712 1.0 2,802 0.7 Iowa 10,440 2.2 7,955 2.0 Minnesota 284,841 60.4 264,376 66.6 North Carolina 4,211 0.9 4,436 1.1 Wisconsin 143,076 30.4 93,999 23.7 Other states (1) 10,985 2.3 12,857 3.2 Total $ 471,345 100.0 % $ 396,868 100.0 % ( 1 Amounts under four million

Note 6 - Allowance for Loan Los

Note 6 - Allowance for Loan Losses and Credit Quality Information	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Allowance For Loan Losses And Credit Quality Information [Text Block]	NOTE 6 The allowance for loan losses is summarized as follows: (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total Balance, December 31, 2020 $ 1,030 7,295 1,389 985 10,699 Provision for losses $ (56 ) (1,524 ) (424 ) (115 ) (2,119 ) Charge-offs 0 (36 ) (42 ) 0 (78 ) Recoveries 0 653 58 66 777 Balance, December 31, 2021 $ 974 6,388 981 936 9,279 Provision for losses $ 286 729 94 (38 ) 1,071 Charge-offs 0 (91 ) (24 ) 0 (115 ) Recoveries 1 0 7 34 42 Balance, December 31, 2022 $ 1,261 7,026 1,058 932 10,277 Allocated to: Specific reserves $ 36 280 83 7 406 General reserves 938 6,108 898 929 8,873 Balance, December 31, 2021 $ 974 6,388 981 936 9,279 Allocated to: Specific reserves $ 33 0 112 17 162 General reserves 1,228 7,026 946 915 10,115 Balance, December 31, 2022 $ 1,261 7,026 1,058 932 10,277 Loans receivable at December 31, 2021: Individually reviewed for impairment $ 340 3,757 546 7 4,650 Collectively reviewed for impairment 162,982 393,111 41,099 60,158 657,350 Ending balance $ 163,322 396,868 41,645 60,165 662,000 Loans receivable at December 31, 2022: Individually reviewed for impairment $ 908 179 492 561 2,140 Collectively reviewed for impairment 204,982 471,166 44,325 65,274 785,747 Ending balance $ 205,890 471,345 44,817 65,835 787,887 The following table summarizes the amount of classified and unclassified loans at December 31, 2022 2021: December 31, 2022 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 882 2,067 47 0 2,996 202,894 205,890 Commercial real estate: Real estate rental and leasing 9,529 2,241 0 0 11,770 238,013 249,783 Other 11,273 8,592 0 0 19,865 201,697 221,562 Consumer 0 387 20 86 493 44,324 44,817 Commercial business 1,000 1,803 0 0 2,803 63,032 65,835 Total $ 22,684 15,090 67 86 37,927 749,960 787,887 December 31, 2021 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 410 791 56 0 1,257 162,065 163,322 Commercial real estate: Real estate rental and leasing 16,012 4,753 0 0 20,765 188,901 209,666 Other 6,824 9,571 0 0 16,395 170,807 187,202 Consumer 0 475 21 50 546 41,099 41,645 Commercial business 1,933 1,813 0 0 3,746 56,419 60,165 Total $ 25,179 17,403 77 50 42,709 619,291 662,000 Classified loans represent special mention, substandard (performing and non-performing), and non-performing loans categorized as doubtful and loss. Loans classified as special mention are loans that have potential weaknesses that, if left uncorrected, may not may not The aging of past due loans at December 31, 2022 2021 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Loans Total Loans Loans 90 Days or More Past Due and Still Accruing December 31, 2022 Single family $ 380 145 481 1,006 204,884 205,890 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 249,783 249,783 0 Other 578 0 0 578 220,984 221,562 0 Consumer 394 123 88 605 44,212 44,817 0 Commercial business 0 0 0 0 65,835 65,835 0 Total $ 1,352 268 569 2,189 785,698 787,887 0 December 31, 2021 Single family $ 864 65 153 1,082 162,240 163,322 0 Commercial real estate: Real estate rental and leasing 198 0 0 198 209,468 209,666 0 Other 226 3,402 0 3,628 183,574 187,202 0 Consumer 174 89 122 385 41,260 41,645 0 Commercial business 0 0 0 0 60,165 60,165 0 Total $ 1,462 3,556 275 5,293 656,707 662,000 0 Impaired loans include loans that are non-performing (non-accruing) and loans that have been modified in a troubled debt restructuring (TDR). The following table summarizes impaired loans and related allowances for the years ended December 31, 2022 2021: December 31, 2022 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 667 685 0 496 8 Commercial real estate: Other 179 179 0 182 11 Consumer 338 338 0 345 13 Loans with an allowance recorded: Single family 241 241 33 108 4 Commercial real estate: Other 0 0 0 2,044 0 Consumer 154 154 112 152 2 Commercial business 561 561 17 244 2 Total: Single family 908 926 33 604 12 Commercial real estate: Other 179 179 0 2,226 11 Consumer 492 492 112 497 15 Commercial business 561 561 17 244 2 Total $ 2,140 2,158 162 3,571 40 December 31, 2021 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 253 272 0 502 2 Commercial real estate: Real estate rental and leasing 0 0 0 432 0 Other 189 189 0 197 0 Consumer 419 419 0 545 9 Loans with an allowance recorded: Single family 87 87 36 113 0 Commercial real estate: Real estate rental and leasing 0 0 0 98 0 Other 3,568 3,568 280 844 142 Consumer 127 127 83 136 2 Commercial business 7 7 7 25 0 Total: Single family 340 359 36 615 2 Commercial real estate: Real estate rental and leasing 0 0 0 530 0 Other 3,757 3,757 280 1,041 142 Consumer 546 546 83 681 11 Commercial business 7 7 7 25 0 Total $ 4,650 4,669 406 2,892 155 At December 31, 2022 2021, no December 31, 2022 2021, 2022 2021, December 31, 2022, not December 31, 2021, The following table summarizes non-accrual loans at December 31, 2022 2021: (Dollars in thousands) 2022 2021 Single family $ 908 340 Commercial real estate: Other 0 3,757 Consumer 441 517 Commercial business 529 7 Total $ 1,878 4,621 Included in loans receivable, net, are certain loans that have been modified in order to maximize collection of loan balances. If the Company, for legal or economic reasons related to the borrower’s financial difficulties, grants a concession compared to the original terms and conditions of the loan, the modified loan is considered a TDR. At December 31, 2022 2021, 2022 2021, 2022 2021 not 2022, December 31, 2022. 2021, none December 31, 2021. The following table summarizes TDRs at December 31, 2022 2021: (Dollars in thousands) 2022 2021 Single family $ 202 254 Commercial real estate: Other 179 355 Consumer 378 442 Commercial business 31 0 Total $ 790 1,051 TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal and/or interest due, or acceptance of real estate or other assets in full or partial satisfaction of the debt. Loan modifications are not 12 When a loan is modified as a TDR, there may may December 31, 2022 2021: Year ended December 31, 2022 Year ended December 31, 2021 (Dollars in thousands) Number of Contracts Pre- modification Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Number of Contracts Pre- modification Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 1 $ 38 40 Commercial real estate: Other 1 165 165 1 139 139 Consumer 2 47 49 1 93 94 Commercial business 1 31 31 1 14 14 Total 4 $ 243 245 4 $ 284 287 For the year ended December 31, 2022 2022. December 31, 2021 2021. The Company considers a loan to have defaulted when it becomes 90 Loans that were non-accrual prior to modification remain non-accrual for at least six six may may TDRs are reviewed for impairment following the same methodology as other impaired loans. For loans that are collateral dependent, the value of the collateral is reviewed and additional reserves may not may December 31, 2022, December 31, 2021.

Note 7 - Accrued Interest Recei

Note 7 - Accrued Interest Receivable	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Accrued Interest Receviable [Text Block]	NOTE 7 Accrued Interest Receivable Accrued interest receivable at December 31, 2022 2021 (Dollars in thousands) 2022 2021 Securities available for sale $ 418 395 Loans receivable 2,585 1,737 Total $ 3,003 2,132

Note 8 - Intangible Assets

Note 8 - Intangible Assets	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE 8 The Company’s intangible assets consist of core deposit intangibles, goodwill and mortgage servicing rights. A summary of mortgage servicing rights activity for 2022 2021 (Dollars in thousands) 2022 2021 Mortgage servicing rights, net: Balance, beginning of year $ 3,280 3,043 Originations 615 1,405 Amortization (909 ) (1,168 ) Balance, end of year $ 2,986 3,280 Fair value of mortgage servicing rights $ 6,344 4,813 All of the single family loans sold where the Company continues to service the loans are serviced for FNMA under the individual loan sale program. The following is a summary of the risk characteristics of the loans being serviced for FNMA at December 31, 2022: (Dollars in thousands) Loan Principal Balance Weighted Average Interest Rate Weighted Average Remaining Term (months) Number of Loans Original term: 15 year fixed rate $ 108,174 2.89 % 136 1,024 30 year fixed rate 428,340 3.56 308 2,681 The gross carrying amount of intangible assets and the associated accumulated amortization at December 31, 2022 2021 December 31, 2022 2021, Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets December 31, 2022 Mortgage servicing rights $ 5,995 (3,009 ) 2,986 Core deposit intangible 574 (574 ) 0 Goodwill 802 0 802 Total $ 7,371 (3,583 ) 3,788 December 31, 2021 Mortgage servicing rights $ 5,854 (2,574 ) 3,280 Core deposit intangible 574 (564 ) 10 Goodwill 802 0 802 Total $ 7,230 (3,138 ) 4,092 The following table indicates the estimated future amortization expense for mortgage servicing rights: (Dollars in thousands) Mortgage Servicing Rights Year ended December 31, 2023 $ 708 2024 667 2025 602 2026 506 2027 328 Thereafter 175 Total $ 2,986 Projections of amortization are based on asset balances and the interest rate environment that existed at December 31, 2022. may No not may December 31, 2022 not no

Note 9 - Premises and Equipment

Note 9 - Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 9 A summary of premises and equipment at December 31, 2022 2021 (Dollars in thousands) 2022 2021 Land $ 5,156 5,156 Office buildings and improvements 17,514 17,445 Furniture and equipment 12,684 12,841 35,354 35,442 Accumulated depreciation (18,862 ) (18,069 ) Total $ 16,492 17,373

Note 10 - Leases

Note 10 - Leases	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 10 The Company accounts for its leases in accordance with ASU 2016 02, 842 December 31, 2022 Operating lease right-of-use assets represent our right to use an underlying asset during the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. Right-of-use assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company’s incremental borrowing rate at the lease commencement date. Because the Company only has operating leases and the right-of-use asset is offset by a lease payment obligation liability, the lease payments are the only amount that is recorded in occupancy expense in the consolidated statements of comprehensive (loss) income. The Company’s leases relate to Bank branches with remaining lease terms between 20 and 59 months. Certain leases contain extension options which typically range from 3 10 not not December 31, 2022, Operating lease costs were $0.2 million and $0.7 million in 2022 2021, 2022 2021 The table below summarizes other information related to our operating leases for the years ended December 31, 2022 2021. (Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 226 739 Weighted-average remaining lease term – operating leases, in years 2.8 2.3 Weighted-average discount rate – operating leases 2.64 % 1.85 % The table below summarizes the maturity of remaining lease liabilities: (Dollars in thousands) December 31, 2022 2023 $ 232 2024 212 2025 58 2026 27 2027 and thereafter 25 Total lease payments 554 Less: Interest (21 ) Present value of lease liabilities $ 533

Note 11 - Deposits

Note 11 - Deposits	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	NOTE 11 Deposits and their weighted average interest rates at December 31, 2022 2021 2022 2021 (Dollars in thousands) Weighted Average Rate Amount Percent of Total Weighted Average Rate Amount Percent of Total Noninterest checking 0.00 % $ 325,603 33.2 % 0.00 % $ 344,404 36.2 % Interest checking 0.38 147,497 15.0 0.12 151,476 15.9 Savings accounts 0.08 123,389 12.6 0.06 119,517 12.6 Money market accounts 0.73 253,498 25.8 0.21 249,089 26.2 849,987 86.6 864,486 90.9 Certificates by rate: 0-0.99% 53,645 5.4 74,481 7.8 1-1.99% 8,049 0.8 4,357 0.5 2-2.99% 3,521 0.4 6,316 0.7 3-3.99% 5,493 0.6 1,026 0.1 4-4.99% 61,231 6.2 0 0.0 Total certificates 2.59 131,939 13.4 0.53 86,180 9.1 Total deposits 0.60 $ 981,926 100.0 % 0.13 $ 950,666 100.0 % At December 31, 2022 2021, $250,000 December 31, 2022, December 31, 2021, Certificates had the following maturities at December 31, 2022 2021: 2022 2021 (Dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Remaining term to maturity 1-6 months $ 26,310 0.34 % $ 35,007 0.68 % 7-12 months 46,427 2.58 27,280 0.40 13-36 months 57,664 3.59 21,769 0.46 Over 36 months 1,538 0.59 2,124 0.66 Total $ 131,939 2.59 $ 86,180 0.53 At December 31, 2022 2021, Interest expense on deposits is summarized as follows for the years ended December 31, 2022 2021: (Dollars in thousands) 2022 2021 Checking accounts $ 220 182 Savings accounts 75 69 Money market accounts 882 557 Certificate accounts 555 745 Total $ 1,732 1,553

Note 12 - Federal Home Loan Ban

Note 12 - Federal Home Loan Bank (FHLB) Advances and Other Borrowings	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 12 The Bank had no outstanding advances from the FHLB or other borrowings as of December 31, 2022 2021. December 31, 2022 2021 December 31, 2022 2021,

Note 13 - Income Taxes

Note 13 - Income Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 13 Income tax expense for the years ended December 31, 2022 2021 (Dollars in thousands) 2022 2021 Current: Federal $ 2,123 3,234 State 1,000 1,519 Total current 3,123 4,753 Deferred: Federal 2 410 State 101 202 Total deferred 103 612 Income tax expense $ 3,226 5,365 The reasons for the difference between the expected income tax expense utilizing the federal corporate tax rate of 21% (Dollars in thousands) 2022 2021 Expected federal income tax expense $ 2,367 3,975 Items affecting federal income tax: State income taxes, net of federal income tax deduction 899 1,350 Other, net (40 ) 40 Income tax expense $ 3,226 5,365 The tax effects of temporary differences that give rise to the deferred tax assets and deferred tax liabilities are as follows at December 31: (Dollars in thousands) 2022 2021 Deferred tax assets: Allowances for loan losses $ 2,899 2,610 Deferred compensation costs 120 143 Deferred ESOP loan asset 361 399 Non-accruing loan interest 179 96 Net unrealized loss on securities available for sale 6,539 618 Other 110 679 Total gross deferred tax assets 10,208 4,545 Deferred tax liabilities: Deferred loan costs 243 272 Premises and equipment basis difference 618 669 Originated mortgage servicing rights 843 923 Other 157 152 Total gross deferred tax liabilities 1,861 2,016 Net deferred tax assets $ 8,347 2,529 The Company has no federal or state net operating loss carryforwards at December 31, 2022. Retained earnings at December 31, 2022 no The Company considers the determination of the deferred tax asset amount and the need for any valuation reserve to be a critical accounting policy that requires significant judgment. The Company has, in its judgment, made reasonable assumptions and considered both positive and negative evidence relating to the ultimate realization of deferred tax assets. Positive evidence includes the cumulative net income generated over the prior three not December 31, 2022 2021.

Note 14 - Employee Benefits

Note 14 - Employee Benefits	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	NOTE 14 The Company participates in the Pentegra Defined Benefit Plan for Financial Institutions (Pentegra DB Plan), a noncontributory multi-employer defined benefit pension plan covering Bank employees who were hired prior to 2002 September 1, 2002, 13 5645888 333. no no December 31, 2022 2021 not July 1 2022 2021 The Company has a qualified, tax-exempt savings plan with a deferred feature qualifying under Section 401 401 401 401 2022 2021, 50 three 2022 2021. The Company has adopted an Employee Stock Ownership Plan (the ESOP) that meets the requirements of Section 4975 7 407 6 1994. 1998 2022 2021. As the debt is repaid, ESOP shares that were pledged as collateral for the debt are released from collateral based on the proportion of debt service paid in the year and then allocated to eligible employees. The Company accounts for its ESOP in accordance with ASU 718, Employers' Accounting for Employee Stock Ownership Plans 2022 2021. All employees of the Bank are eligible to participate in the ESOP after they attain age 18 and complete one 1,000 December 31: 2022 2021 Shares held by participants beginning of the year 353,677 359,843 Shares allocated to participants 24,318 24,318 Shares purchased with dividends received on allocated shares 3,540 0 Shares distributed to participants (20,466 ) (30,484 ) Shares held by participants end of year 361,069 353,677 Unreleased shares beginning of the year 158,100 182,418 Shares released during year (24,318 ) (24,318 ) Unreleased shares end of year 133,782 158,100 Total ESOP shares end of year 494,851 511,777 Fair value of unreleased shares at December 31 $ 2,854,908 3,900,327 The Company maintains two 2009 2009 2017 2017 The 2009 April 2017 2017 no 2009 December 31, 2022 2009 Initially there were 375,000 shares of HMN common stock available for issuance pursuant to awards under the 2017 2017 December 31, 2022, 2017 2017 December 31, 2022. A summary of activities under all plans for the past two Shares Available For Grant Unvested Restricted Shares Outstanding Options Outstanding Award Value/ Weighted Average Exercise Price Vesting Period 2009 Plan December 31, 2020 0 0 34,229 $ 11.21 December 31, 2021 0 0 34,229 $ 11.21 December 31, 2022 0 0 34,229 $ 11.21 2017 Plan December 31, 2020 365,742 21,484 0 N/A Granted January 26, 2021 (16,685 ) 11,123 0 3 Granted April 27, 2021 (3,150 ) 2,100 0 1 Vested 0 (11,866 ) 0 December 31, 2021 345,907 22,841 0 N/A Granted February 1, 2022 (11,286 ) 7,524 0 3 Granted April 26, 2022 (2,616 ) 1,744 0 1 Vested 0 (13,055 ) 0 December 31, 2022 332,005 19,054 0 N/A Total all plans 332,005 19,054 34,229 $ 11.21 There were 34,229 vested and exercisable options outstanding at December 31, 2022. January 26, 2016, In accordance with ASC 718, 2022 2021.

Note 15 - Earnings Per Common S

Note 15 - Earnings Per Common Share	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 15 The following table reconciles the weighted average shares outstanding and income for basic and diluted earnings per common share: Year ended December 31, (Dollars in thousands, except per share data) 2022 2021 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,358,022 4,471,363 Net dilutive effect of: Options 17,847 16,361 Restricted stock awards 13,601 16,214 Weighted average number of common shares outstanding adjusted for effect of dilutive securities 4,389,470 4,503,938 Income available to common shareholders $ 8,045 13,564 Basic earnings per common share 1.85 3.03 Diluted earnings per common share 1.83 3.01

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 16 On July 27, 2021 not no 2022 2021. December 31, 2022 2022 not 2021. Subsequent to the end of 2022, January 2023, March 8, 2023 February 15, 2023. In order to grant a priority to eligible accountholders in the event of future liquidation, the Bank, at the time of conversion to a stock savings bank, established a liquidation account equal to its regulatory capital as of September 30, 1993.

Note 17 - Regulatory Capital an

Note 17 - Regulatory Capital and Oversight	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	NOTE 17 The Bank is subject to the Basel III regulatory capital requirements. The Basel III requirements, among other things, (i) apply a set of capital requirements to the Bank, including requirements relating to common equity as a component of core capital, (ii) implement a “capital conservation buffer” against risk and a higher minimum Tier 1 The FRB amended its Small Bank Holding Company Policy Statement (Policy Statement), to exempt small bank holding companies with assets less than $3 Quantitative measures established by regulations to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table and defined in the regulation) of common equity Tier 1 1 1 At December 31, 2022 2021, Actual Required to be Adequately Capitalized Capital in Excess of Minimum Requirements To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) December 31, 2022 Common equity Tier 1 capital $ 100,250 11.48 % $ 39,312 4.50 % $ 60,938 6.98 % $ 56,784 6.50 % Tier 1 leverage 100,250 9.14 43,883 4.00 56,367 5.14 54,854 5.00 Tier 1 risk-based capital 100,250 11.48 52,416 6.00 47,834 5.48 69,888 8.00 Total risk-based capital 110,527 12.65 69,888 8.00 40,639 4.65 87,360 10.00 December 31, 2021 Common equity Tier 1 capital $ 97,710 13.18 % $ 33,368 4.50 % $ 64,342 8.68 % $ 48,199 6.50 % Tier 1 leverage 97,710 9.47 41,283 4.00 56,427 5.47 51,603 5.00 Tier 1 risk-based capital 97,710 13.18 44,491 6.00 53,219 7.18 59,322 8.00 Total risk-based capital 106,979 14.43 59,322 8.00 47,657 6.43 74,152 10.00 ( 1 Based upon the Bank’s adjusted total assets for the purpose of the Tier 1 The Bank must maintain a capital conservation buffer of 2.50% composed of common equity Tier 1 December 31, 2022, no December 31, 2022,

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 18 The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include all commitments to extend credit. These commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheet. The contract amounts of these instruments reflect the extent of involvement by the Company. The Company's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contract amount of these commitments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. A summary of the Company’s commitments to extend credit and sell loans as of December 31, 2022 2021 Contract Amount (Dollars in thousands) 2022 2021 Financial instruments whose contract amount represents credit risk: Commitments to originate, fund or purchase loans: Single family $ 6,220 7,770 Multi-family 0 3,791 Commercial real estate 17,656 2,939 Commercial business 617 0 Undisbursed balance of loans closed 92,774 66,504 Unused lines of credit 103,841 106,125 Letters of credit 11,832 8,012 Total commitments to extend credit $ 232,940 195,141 Forward commitments $ 6,575 12,340 Commitments to extend credit are agreements to lend to a customer, at the customer’s request, as long as there is no may not third The Bank issued standby letters of credit which guarantee the performance of customers to third 22 December 31, 2022 December 31, 2021. may not The Company has certain obligations and commitments to make future payments under existing contracts. At December 31, 2022, Payments Due by Period (Dollars in thousands) Total Less Than 1 Year 1-3 Years 4-5 Years More Than 5 Years Contractual Obligations: Annual rental commitments under non-cancellable operating leases $ 554 232 270 52 0 Total contractual obligations $ 554 232 270 52 0 Amount of Commitments Expiring by Period Other Commercial Commitments: Commercial lines of credit $ 71,287 25,741 36,313 8,925 308 Commitments to lend 87,779 15,741 15,127 22,278 34,633 Standby letters of credit 11,832 10,562 1,270 0 0 Total other commercial commitments $ 170,898 52,044 52,710 31,203 34,941 From time to time, the Company is party to legal proceedings arising out of its lending and deposit operations. The Company is, and expects to become, engaged in foreclosure proceedings, collection actions, and other litigation as part of its normal banking activities. The Company examines each legal matter, and, in those situations where it determines that a particular legal matter presents loss contingencies that are both probable and reasonably estimable, establishes an appropriate accrual. In many situations, the Company is not not

Note 19 - Derivative Instrument

Note 19 - Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	NOTE 19 The Company originates single family residential loans for sale into the secondary market and enters into commitments to sell those loans in order to mitigate the interest rate risk associated with holding the loans until they are sold. The Company accounts for its commitments in accordance with ASC 815, Accounting for Derivative Instruments and Hedging Activities The Company had commitments outstanding to extend credit to future borrowers that had not December 31, 2022 2021 not As of December 31, 2022 2021, not not December 31, 2022 2021 not

Note 20 - Fair Value Measuremen

Note 20 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 20 ASC 820, Fair Value Measurements three Level 1 Level 2 not Level 3 not not The following table summarizes the assets of the Company for which fair values are determined on a recurring basis as of December 31, 2022 2021. Carrying Value at December 31, 2022 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 246,019 0 246,019 0 Equity securities 225 0 225 0 Mortgage loan commitments (28 ) 0 (28 ) 0 Total $ 246,216 0 246,216 0 Carrying Value at December 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 285,765 0 285,765 0 Equity securities 248 0 248 0 Mortgage loan commitments 26 0 26 0 Total $ 286,039 0 286,039 0 The Company may 2022 2021 December 31, December 31, 2022 2021. Carrying Value at December 31, 2022 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2022 Total Gains (Losses) Loans held for sale $ 1,314 0 1,314 0 3 Mortgage servicing rights, net 2,986 0 2,986 0 0 Impaired loans 1,978 0 1,978 0 (46 ) Total $ 6,278 0 6,278 0 (43 ) Carrying Value at December 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2021 Total Gains (Losses) Loans held for sale $ 5,575 0 5,575 0 (56 ) Mortgage servicing rights, net 3,280 0 3,280 0 0 Impaired loans 4,244 0 4,244 0 (218 ) Real estate, net 290 0 290 0 0 Total $ 13,389 0 13,389 0 (274 )

Note 21 - Fair Value of Financi

Note 21 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	NOTE 21 ASC 825, Disclosures about Fair Values of Financial Instruments December 31, 2022 2021 no Fair value estimates are based only on existing financial instruments without attempting to estimate the value of anticipated future business or the value of assets and liabilities that are not not The estimated fair value of the Company's financial instruments is shown below. Following the table, there is an explanation of the methods and assumptions used to estimate the fair value of each class of financial instruments. December 31, 2022 December 31, 2021 Fair Value Hierarchy (Dollars in thousands) Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Contract Amount Carrying Amount Estimated Fair Value Contract Amount Financial assets: Cash and cash equivalents $ 36,259 36,259 36,259 94,143 94,143 Securities available for sale 246,019 246,019 246,019 285,765 285,765 Equity securities 225 225 225 248 248 Loans held for sale 1,314 1,314 1,314 5,575 5,575 Loans receivable, net 777,078 724,497 724,497 652,502 661,298 FHLB stock 1,283 1,283 1,283 1,092 1,092 Accrued interest receivable 3,003 3,003 3,003 2,132 2,132 Financial liabilities: Deposits 981,926 983,420 983,420 950,666 950,558 Accrued interest payable 298 298 298 63 63 Off-balance sheet financial instruments: Commitments to extend credit (28 ) (28 ) 232,940 26 26 195,141 Commitments to sell loans 8 8 6,575 12 12 12,340 Cash and Cash Equivalents The carrying amount of cash and cash equivalents approximates their fair value. Securities Available for Sale The fair values of securities were based upon quoted market prices for similar securities. Equity Securities The fair values of equity securities were based upon quoted market prices for similar securities. Loans Held for Sale The fair values of loans held for sale were based upon quoted market prices for loans with similar interest rates and terms to maturity. Loans Receivable The fair value of the loan portfolio, with the exception of the adjustable rate portfolio, was calculated by discounting the scheduled cash flows through the estimated maturity using anticipated prepayment speeds and using discount rates that reflect the credit and interest rate risk inherent in each loan portfolio. The fair value of the adjustable loan portfolio was estimated by grouping the loans with similar characteristics and comparing the characteristics of each group to the prices quoted for similar types of loans in the secondary market. The fair value disclosures for both the fixed and adjustable rate portfolios were adjusted to reflect the exit price amount anticipated to be received from the sale of the portfolio in an open market transaction. FHLB Stock The carrying amount of FHLB stock approximates its fair value. Accrued Interest Receivable The carrying amount of accrued interest receivable approximates its fair value since it is short-term in nature and does not Deposits The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value disclosures for all of the deposits were adjusted to reflect the exit price amount anticipated to be received from the sale of the deposits in an open market transaction . Accrued Interest Payable The carrying amount of accrued interest payable approximates its fair value since it is short-term in nature. Commitments to Extend Credit The fair values of commitments to extend credit are estimated using the fees normally charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counter parties. Commitments to Sell Loans The fair values of commitments to sell loans are estimated using the quoted market prices for loans with similar interest rates and terms to maturity.

Note 22 - HMN Financial, Inc. F

Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	NOTE 22 The following are the condensed financial statements for the parent company only as of and for the years ended December 31, 2022 2021. (Dollars in thousands) 2022 2021 Condensed Balance Sheets Assets: Cash and cash equivalents $ 15,250 12,538 Investment in subsidiaries 81,190 96,867 Prepaid expenses and other assets 1,046 785 Deferred tax asset, net 0 4 Total assets $ 97,486 110,194 Liabilities and Stockholders' Equity: Accrued expenses and other liabilities $ 150 163 Total liabilities 150 163 Common stock 91 91 Additional paid-in capital 41,013 40,740 Retained earnings 138,409 131,413 Net unrealized losses on securities available for sale (19,761 ) (1,583 ) Unearned employee stock ownership plan shares (1,063 ) (1,256 ) Treasury stock, at cost, 4,647,686 and 4,564,087 shares (61,353 ) (59,374 ) Total stockholders' equity 97,336 110,031 Total liabilities and stockholders' equity $ 97,486 110,194 Condensed Statements of Income Interest income $ 43 31 Equity income of subsidiaries 8,500 14,174 Compensation and benefits (272 ) (282 ) Occupancy and equipment (30 ) (30 ) Data processing (6 ) (6 ) Professional services (125 ) (111 ) Other (404 ) (405 ) Income before income tax benefit 7,706 13,371 Income tax benefit 339 193 Net income $ 8,045 13,564 Condensed Statements of Cash Flows Cash flows from operating activities: Net income $ 8,045 13,564 Adjustments to reconcile net income to cash used by operating activities: Equity income of subsidiaries (8,500 ) (14,174 ) Deferred income tax benefit 4 10 Amortization of restricted stock awards 227 243 Amortization of unearned ESOP shares 193 194 Earned employee stock ownership shares priced above original cost 271 239 (Increase) decrease in other assets (261 ) 106 Decrease in other liabilities (13 ) (18 ) Other, net (1 ) 0 Net cash (used) provided by operating activities (35 ) 164 Cash flows from financing activities: Treasury stock purchased (2,134 ) (4,589 ) Stock awards withheld for tax withholding (70 ) (7 ) Dividends to stockholders (1,049 ) 0 Dividends received from Bank 6,000 6,000 Net cash provided by financing activities 2,747 1,404 Increase in cash and cash equivalents 2,712 1,568 Cash and cash equivalents, beginning of year 12,538 10,970 Cash and cash equivalents, end of year $ 15,250 12,538

Note 23 - Business Segments

Note 23 - Business Segments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 23 The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. not The following table sets forth certain information about the reconciliations of reported net income and assets for each of the Company’s reportable segments. (Dollars in thousands) Home Federal Savings Bank Other Eliminations Consolidated Total At or for the year ended December 31, 2022 Interest income – external customers $ 34,255 0 0 34,255 Non-interest income – external customers 8,887 0 0 8,887 Intersegment interest income 0 43 (43 ) 0 Intersegment non-interest income 234 8,500 (8,734 ) 0 Interest expense 2,042 0 (43 ) 1,999 Provision for loan losses 1,071 0 0 1,071 Non-interest expense 28,198 837 (234 ) 28,801 Income tax expense (benefit) 3,565 (339 ) 0 3,226 Net income 8,500 8,045 (8,500 ) 8,045 Total assets 1,095,268 97,486 (96,552 ) 1,096,202 At or for the year ended December 31, 2021: Interest income – external customers $ 31,761 0 0 31,761 Non-interest income – external customers 14,262 1 0 14,263 Intersegment interest income 0 31 (31 ) 0 Intersegment non-interest income 234 14,174 (14,408 ) 0 Interest expense 1,584 0 (31 ) 1,553 Provision for loan losses (2,119 ) 0 0 (2,119 ) Non-interest expense 27,060 835 (234 ) 27,661 Income tax expense (benefit) 5,558 (193 ) 0 5,365 Net income 14,174 13,564 (14,174 ) 13,564 Total assets 1,068,834 110,194 (109,490 ) 1,069,538

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ from those estimates. An estimate that is particularly susceptible to change relates to the determination of the allowance for loan losses. Management believes that the allowance for loan losses is appropriate to cover probable losses inherent in the portfolio at the date of the balance sheet. While management uses available information to recognize losses on loans, future additions to the allowance may may Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal and state income tax laws, and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers highly liquid investments with original maturities of three
Marketable Securities, Policy [Policy Text Block]	Securities Securities are accounted for according to their purpose and holding period. The Company classifies its debt securities in one three Trading Securities Securities held principally for resale in the near term are classified as trading securities and are recorded at their fair values. Unrealized gains and losses on trading securities are included in other income. Securities Held to Maturity Securities that the Company has the positive intent and ability to hold to maturity are reported at cost and adjusted for premiums and discounts that are recognized in interest income using the interest method with discounts amortized over the period to maturity and premiums amortized to the earliest call date. Unrealized losses on securities held to maturity reflecting a decline in value judged to be other than temporary are charged to income and a new cost basis is established. Securities Available for Sale Securities available for sale consist of securities not may Management monitors the investment security portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other than temporary. This process involves analyzing the length of time and extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the Company's intent and ability to hold the investment for a period of time sufficient to recover the temporary loss, including determining whether it is more-likely-than- not Equity Securities Equity securities are carried at their fair market value with any changes during the period recognized in other income on the consolidated statements of comprehensive (loss) income.
Financing Receivable, Held-for-sale [Policy Text Block]	Loans Held for Sale Mortgage loans originated which are intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. Net fees and costs associated with originating loans held for sale are deferred and included in the basis of the loan in determining the gain or loss on the sale of the loans. Gains on the sale of loans are recognized on the settlement date. Net unrealized losses are recognized through a valuation allowance by charges to income.
Financing Receivable [Policy Text Block]	Loans Receivable, net Loans receivable, net, are carried at amortized cost. Loan origination fees received, net of certain loan origination costs, are deferred as an adjustment to the carrying value of the related loan and are amortized into income using the interest method over the estimated life of the loans. Premiums and discounts on purchased loans are amortized into interest income using the interest method over the period to contractual maturity, adjusted for estimated prepayments. The allowance for loan losses is based on a periodic analysis of the loan portfolio and is maintained at an amount considered to be appropriate by management to provide for probable losses inherent in the loan portfolio as of the balance sheet dates. In this analysis, management considers factors including, but not third two third not third may third 120 may not The Company adopted Accounting Standards Update (ASU) 2016 13, Financial Instruments-Credit Losses (Topic 326 January 1, 2023, New Accounting Pronouncements 1 2016 13 January 1, 2023. Interest income is recognized on an accrual basis except when collectability is in doubt. When loans are placed on a non-accrual basis, generally when the loan is 90 first six no All impaired loans are valued at the present value of expected future cash flows discounted at the loan's initial effective interest rate. The fair value of the collateral of an impaired collateral-dependent loan or an observable market price, if one may 90 Included in loans receivable, net, are certain loans that have been modified in order to maximize collection of the loan balances. The Company evaluates all loan modifications and if the Company, for legal or economic reasons related to the borrower's financial difficulties, grants a concession compared to the original terms and conditions of the loan that the Company would not six six two no not first one second FASB issued Accounting Standards Update (ASU) 2022 02, Financial Instruments-Credit Losses (Topic 326 310 40, Receivables-Troubled Debt Restructurings by Creditors, New Accounting Pronouncements 1 2022 02 January 1, 2023.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Transfers of Financial Assets and Participating Interests Transfers of an entire financial asset or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not The transfer of a participating interest in an entire financial asset must also meet the definition of a participating interest. A participating interest in a financial asset has all of the following characteristics: ( 1 2 3 4 no
Real Estate, Policy [Policy Text Block]	Real Estate, net Real estate acquired through loan foreclosure or deed in lieu of foreclosure is initially recorded at its fair value less estimated selling costs. Third party appraisals are obtained as soon as it is practical after obtaining possession of the property. Valuations are reviewed quarterly by management and an allowance for losses is established if the carrying value of a property exceeds its fair value less estimated selling costs.
Mortgage Servicing Rights Policy [Policy Text Block]	Mortgage Servicing Rights, net Mortgage servicing rights are capitalized at their fair value and amortized in proportion to, and over the period of, estimated net servicing income. The Company evaluates its capitalized mortgage servicing rights for impairment each quarter. Loan type and note rate are the predominant risk characteristics of the underlying loans used to stratify capitalized mortgage servicing rights for purposes of measuring impairment. Any impairment is recognized through a valuation allowance.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment, net Land is carried at cost. Office buildings, improvements, and furniture and equipment are carried at cost less accumulated depreciation. Depreciation is computed on a straight-line basis over their estimated useful lives of 5 to 40 years for office buildings and improvements and 3 to 10 years for furniture and equipment.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill The Company records goodwill for acquisition amounts paid in excess of the net assets purchased. Goodwill is not
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Core Deposit Intangible, net The Company records the estimated fair value of the deposit base acquired in an acquisition as a core deposit intangible asset. The recorded amount is amortized on a straight line basis over the estimated life of the deposits acquired.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of The Company reviews long-lived assets and certain identifiable intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not
Share-Based Payment Arrangement [Policy Text Block]	Stock Based Compensation The Company recognizes the grant-date fair value of stock options and restricted stock awards issued as compensation expense, amortized over the vesting period.
Employee Stock Ownership Plan (ESOP), Policy [Policy Text Block]	Employee Stock Ownership Plan (ESOP) The Company has an ESOP that borrowed funds from the Company and purchased shares of HMN common stock. The Company makes quarterly principal and interest payments on the ESOP loan. As the debt is repaid, ESOP shares that were pledged as collateral for the debt are released from collateral based on the proportion of debt service paid in the year and then allocated to eligible employees. The Company accounts for its ESOP in accordance with ASC 718, Employers' Accounting for Employee Stock Ownership Plans
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is required to be recognized if it is more-likely-than- not not no 2019.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Common Share Basic earnings per common share excludes dilution and is computed by dividing the income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the entity.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive (Loss) Income Comprehensive (loss) income is defined as the change in equity during a period from transactions and other events from non-owner sources. Comprehensive (loss) income is the total of net income and other comprehensive (loss) income, which for the Company is comprised of unrealized losses and gains on securities available for sale.
Segment Reporting, Policy [Policy Text Block]	Segment Information The amount of each segment item reported is the measure reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segment and assessing its performance. Adjustments and eliminations made in preparing an enterprise’s general-purpose financial statements and allocations of revenues, expenses, and gains or losses are included in determining reported segment profit or loss if they are included in the measure of the segment’s profit or loss that is used by the chief operating decision maker. Similarly, only those assets that are included in the measure of the segment’s assets that are used by the chief operating decision maker are reported for that segment.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In March 2022, 2022 02, Financial Instruments-Credit Losses (Topic 326 310 40, Receivables-Troubled Debt Restructurings by Creditors, 310 20 35 9 35 11 326 20, Financial Instruments-Credit Losses-Measured at Amortized Cost 326 20 50 6 . not 2016 13 2016 13 January 1, 2023, not In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 not December 15, 2019, November 26, 2019, 2019 11, Codification Improvements to Topic 326, Credit Losses 2016 13 first 2020 first 2023. may December 15, 2018, January 1, 2023. January 1, 2023. December 31, 2022. On February 6, 2020, 2020 02, Financial Instruments-Credit Losses (Topic 326 842 No. 119 No. 2016 02, 842 Leases (Topic 842 not 326 326. January 1, 2023 third
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments The Company uses derivative financial instruments in order to manage the interest rate risk on residential loans held for sale and its commitments to extend credit for residential loans. The Company may
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain amounts in the consolidated financial statements for the prior year have been reclassified to conform to the current year presentation.

Note 2 - Revenue Recognition (T

Note 2 - Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, (Dollars in thousands) 2022 2021 Non-interest income: Fees and service charges on deposit accounts $ 1,095 979 Other fees and service charges 416 392 Debit card interchange fees 1,711 1,754 Gain on sale of loans (1) 2,393 6,566 Loan servicing fees (1) 1,590 1,555 Uninsured investment product sales 1,396 1,208 Other 286 1,809 Total non-interest income $ 8,887 14,263

Note 3 - Other Comprehensive _2

Note 3 - Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	For the Years Ended December 31, 2022 2021 (Dollars in thousands Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Securities available for sale: Unrealized losses arising during the period $ (24,098 ) (5,920 ) (18,178 ) (3,979 ) (1,114 ) (2,865 ) Other comprehensive loss $ (24,098 ) (5,920 ) (18,178 ) (3,979 ) (1,114 ) (2,865 )

Note 4 - Securities Available_2

Note 4 - Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Debt Securities, Available-for-Sale [Table Text Block]	(Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2022 Mortgage-backed securities: Federal National Mortgage Association (FNMA) $ 117,690 0 (12,754 ) 104,936 Federal Home Loan Mortgage Corporation (FHLMC) 98,893 0 (11,177 ) 87,716 Collateralized mortgage obligations: FNMA 38 0 (2 ) 36 216,621 0 (23,933 ) 192,688 Other marketable securities: U.S. Government agency obligations 54,998 0 (2,157 ) 52,841 Corporate preferred stock 700 0 (210 ) 490 55,698 0 (2,367 ) 53,331 Total $ 272,319 0 (26,300 ) 246,019 December 31, 2021 Mortgage-backed securities: FNMA $ 138,628 550 (1,367 ) 137,811 FHLMC 108,599 126 (1,189 ) 107,536 Collateralized mortgage obligations: FNMA 48 2 0 50 247,275 678 (2,556 ) 245,397 Other marketable securities: U.S. Government agency obligations 39,991 56 (337 ) 39,710 Corporate preferred stock 700 0 (42 ) 658 40,691 56 (379 ) 40,368 Total $ 287,966 734 (2,935 ) 285,765
Schedule of Unrealized Loss on Investments [Table Text Block]	Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 Mortgage backed securities: FNMA 12 $ 19,337 (1,629 ) 22 $ 85,599 (11,125 ) $ 104,936 (12,754 ) FHLMC 4 10,542 (1,214 ) 20 77,174 (9,963 ) 87,716 (11,177 ) Collateralized mortgage obligations: FNMA 1 36 (2 ) 0 0 0 36 (2 ) Other marketable securities: U.S. government and agency obligations 4 19,334 (667 ) 7 33,507 (1,490 ) 52,841 (2,157 ) Corporate preferred stock 0 0 0 1 490 (210 ) 490 (210 ) Total 21 $ 49,249 (3,512 ) 50 $ 196,770 (22,788 ) $ 246,019 (26,300 ) December 31, 2021 Mortgage backed securities: FNMA 19 $ 98,423 (1,234 ) 2 $ 6,810 (133 ) $ 105,233 (1,367 ) FHLMC 17 85,624 (1,038 ) 2 7,664 (151 ) 93,288 (1,189 ) Other marketable securities: U.S. government and agency obligations 7 34,659 (337 ) 0 0 0 34,659 (337 ) Corporate preferred stock 0 0 0 1 658 (42 ) 658 (42 ) Total 43 $ 218,706 (2,609 ) 5 $ 15,132 (326 ) $ 233,838 (2,935 )
Available-for-Sale Securities [Member]
Notes Tables
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	(Dollars in thousands) Amortized Cost Fair Due one year or less $ 67,917 61,838 Due after one year through five years 156,729 141,907 Due after five years through fifteen years 47,670 42,271 Due after fifteen years 3 3 Total $ 272,319 246,019

Note 5 - Loans Receivable, Net

Note 5 - Loans Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Summary of Loans Receivable [Table Text Block]	(Dollars in thousands) 2022 2021 Single family real estate $ 205,890 163,322 Commercial real estate: Construction: Single family 28,425 23,293 Multi-family 1,699 9,986 Commercial real estate 16,421 13,959 Churches/community service 11,933 11,332 Commercial buildings/storage facilities 12,705 11,881 Land developments 30,230 12,041 Lodging 59,762 57,220 Manufacturing 23,478 23,913 Movie theaters 8,861 9,334 Multi-family 53,885 43,140 Nursing home/healthcare 24,528 19,870 Restaurant/bar 8,622 8,473 Retail/office 107,221 87,244 Warehouse 51,002 31,501 Other (1) 32,573 33,681 471,345 396,868 Consumer: Home equity line 17,551 17,467 Home equity 10,865 7,557 Land/lots 4,146 2,154 Recreational vehicles 7,870 10,985 Other (1) 4,385 3,482 44,817 41,645 Commercial business 65,835 60,165 Total loans 787,887 662,000 Less: Unamortized discounts 13 10 Net deferred loan fees 519 209 Allowance for loan losses 10,277 9,279 Total loans receivable, net $ 777,078 652,502 Commitments to originate or purchase loans $ 24,493 14,501 Commitments to deliver loans to secondary market $ 6,575 12,340 Weighted average contractual rate of loans in portfolio 4.51 % 4.01 % (1) Amounts under four million dollars in both years are included in Other .
Schedule of Loans and Leases Receivable, Single Family and Multi Family Residential Loans by Location [Table Text Block]	2022 2021 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Minnesota $ 177,139 86.0 % $ 142,252 87.1 % Wisconsin 23,030 11.2 15,048 9.2 Other states (1) 5,721 2.8 6,022 3.7 Total $ 205,890 100.0 % $ 163,322 100.0 %
Schedule of Loans and Leases Receivables Gross Carrying Amount, Commercial Real Estate by Location [Table Text Block]	2022 2021 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Colorado $ 6,031 1.3 % $ 6,150 1.6 % Florida 7,049 1.5 4,293 1.1 Idaho 4,712 1.0 2,802 0.7 Iowa 10,440 2.2 7,955 2.0 Minnesota 284,841 60.4 264,376 66.6 North Carolina 4,211 0.9 4,436 1.1 Wisconsin 143,076 30.4 93,999 23.7 Other states (1) 10,985 2.3 12,857 3.2 Total $ 471,345 100.0 % $ 396,868 100.0 %

Note 6 - Allowance for Loan L_2

Note 6 - Allowance for Loan Losses and Credit Quality Information (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	(Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total Balance, December 31, 2020 $ 1,030 7,295 1,389 985 10,699 Provision for losses $ (56 ) (1,524 ) (424 ) (115 ) (2,119 ) Charge-offs 0 (36 ) (42 ) 0 (78 ) Recoveries 0 653 58 66 777 Balance, December 31, 2021 $ 974 6,388 981 936 9,279 Provision for losses $ 286 729 94 (38 ) 1,071 Charge-offs 0 (91 ) (24 ) 0 (115 ) Recoveries 1 0 7 34 42 Balance, December 31, 2022 $ 1,261 7,026 1,058 932 10,277 Allocated to: Specific reserves $ 36 280 83 7 406 General reserves 938 6,108 898 929 8,873 Balance, December 31, 2021 $ 974 6,388 981 936 9,279 Allocated to: Specific reserves $ 33 0 112 17 162 General reserves 1,228 7,026 946 915 10,115 Balance, December 31, 2022 $ 1,261 7,026 1,058 932 10,277 Loans receivable at December 31, 2021: Individually reviewed for impairment $ 340 3,757 546 7 4,650 Collectively reviewed for impairment 162,982 393,111 41,099 60,158 657,350 Ending balance $ 163,322 396,868 41,645 60,165 662,000 Loans receivable at December 31, 2022: Individually reviewed for impairment $ 908 179 492 561 2,140 Collectively reviewed for impairment 204,982 471,166 44,325 65,274 785,747 Ending balance $ 205,890 471,345 44,817 65,835 787,887
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, 2022 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 882 2,067 47 0 2,996 202,894 205,890 Commercial real estate: Real estate rental and leasing 9,529 2,241 0 0 11,770 238,013 249,783 Other 11,273 8,592 0 0 19,865 201,697 221,562 Consumer 0 387 20 86 493 44,324 44,817 Commercial business 1,000 1,803 0 0 2,803 63,032 65,835 Total $ 22,684 15,090 67 86 37,927 749,960 787,887 December 31, 2021 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 410 791 56 0 1,257 162,065 163,322 Commercial real estate: Real estate rental and leasing 16,012 4,753 0 0 20,765 188,901 209,666 Other 6,824 9,571 0 0 16,395 170,807 187,202 Consumer 0 475 21 50 546 41,099 41,645 Commercial business 1,933 1,813 0 0 3,746 56,419 60,165 Total $ 25,179 17,403 77 50 42,709 619,291 662,000
Financing Receivable, Past Due [Table Text Block]	(Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Loans Total Loans Loans 90 Days or More Past Due and Still Accruing December 31, 2022 Single family $ 380 145 481 1,006 204,884 205,890 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 249,783 249,783 0 Other 578 0 0 578 220,984 221,562 0 Consumer 394 123 88 605 44,212 44,817 0 Commercial business 0 0 0 0 65,835 65,835 0 Total $ 1,352 268 569 2,189 785,698 787,887 0 December 31, 2021 Single family $ 864 65 153 1,082 162,240 163,322 0 Commercial real estate: Real estate rental and leasing 198 0 0 198 209,468 209,666 0 Other 226 3,402 0 3,628 183,574 187,202 0 Consumer 174 89 122 385 41,260 41,645 0 Commercial business 0 0 0 0 60,165 60,165 0 Total $ 1,462 3,556 275 5,293 656,707 662,000 0
Impaired Financing Receivables [Table Text Block]	December 31, 2022 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 667 685 0 496 8 Commercial real estate: Other 179 179 0 182 11 Consumer 338 338 0 345 13 Loans with an allowance recorded: Single family 241 241 33 108 4 Commercial real estate: Other 0 0 0 2,044 0 Consumer 154 154 112 152 2 Commercial business 561 561 17 244 2 Total: Single family 908 926 33 604 12 Commercial real estate: Other 179 179 0 2,226 11 Consumer 492 492 112 497 15 Commercial business 561 561 17 244 2 Total $ 2,140 2,158 162 3,571 40 December 31, 2021 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 253 272 0 502 2 Commercial real estate: Real estate rental and leasing 0 0 0 432 0 Other 189 189 0 197 0 Consumer 419 419 0 545 9 Loans with an allowance recorded: Single family 87 87 36 113 0 Commercial real estate: Real estate rental and leasing 0 0 0 98 0 Other 3,568 3,568 280 844 142 Consumer 127 127 83 136 2 Commercial business 7 7 7 25 0 Total: Single family 340 359 36 615 2 Commercial real estate: Real estate rental and leasing 0 0 0 530 0 Other 3,757 3,757 280 1,041 142 Consumer 546 546 83 681 11 Commercial business 7 7 7 25 0 Total $ 4,650 4,669 406 2,892 155
Financing Receivable, Nonaccrual [Table Text Block]	(Dollars in thousands) 2022 2021 Single family $ 908 340 Commercial real estate: Other 0 3,757 Consumer 441 517 Commercial business 529 7 Total $ 1,878 4,621
Financing Receivable, Troubled Debt Restructuring [Table Text Block]	(Dollars in thousands) 2022 2021 Single family $ 202 254 Commercial real estate: Other 179 355 Consumer 378 442 Commercial business 31 0 Total $ 790 1,051
Financial Effects of Troubled Debt Restructurings and Difference Between Outstanding Recorded Balance Pre Modification and Post Modification [Table Text Block]	Year ended December 31, 2022 Year ended December 31, 2021 (Dollars in thousands) Number of Contracts Pre- modification Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Number of Contracts Pre- modification Outstanding Recorded Investment Post- modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 1 $ 38 40 Commercial real estate: Other 1 165 165 1 139 139 Consumer 2 47 49 1 93 94 Commercial business 1 31 31 1 14 14 Total 4 $ 243 245 4 $ 284 287

Note 7 - Accrued Interest Rec_2

Note 7 - Accrued Interest Receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Accrued Interest Receivable [Table Text Block]	(Dollars in thousands) 2022 2021 Securities available for sale $ 418 395 Loans receivable 2,585 1,737 Total $ 3,003 2,132

Note 8 - Intangible Assets (Tab

Note 8 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Servicing Liability at Amortized Cost [Table Text Block]	(Dollars in thousands) 2022 2021 Mortgage servicing rights, net: Balance, beginning of year $ 3,280 3,043 Originations 615 1,405 Amortization (909 ) (1,168 ) Balance, end of year $ 2,986 3,280 Fair value of mortgage servicing rights $ 6,344 4,813
Summary of Risk Characteristics of Loans Being Serviced [Table Text Block]	(Dollars in thousands) Loan Principal Balance Weighted Average Interest Rate Weighted Average Remaining Term (months) Number of Loans Original term: 15 year fixed rate $ 108,174 2.89 % 136 1,024 30 year fixed rate 428,340 3.56 308 2,681
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets December 31, 2022 Mortgage servicing rights $ 5,995 (3,009 ) 2,986 Core deposit intangible 574 (574 ) 0 Goodwill 802 0 802 Total $ 7,371 (3,583 ) 3,788 December 31, 2021 Mortgage servicing rights $ 5,854 (2,574 ) 3,280 Core deposit intangible 574 (564 ) 10 Goodwill 802 0 802 Total $ 7,230 (3,138 ) 4,092
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(Dollars in thousands) Mortgage Servicing Rights Year ended December 31, 2023 $ 708 2024 667 2025 602 2026 506 2027 328 Thereafter 175 Total $ 2,986

Note 9 - Premises and Equipme_2

Note 9 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	(Dollars in thousands) 2022 2021 Land $ 5,156 5,156 Office buildings and improvements 17,514 17,445 Furniture and equipment 12,684 12,841 35,354 35,442 Accumulated depreciation (18,862 ) (18,069 ) Total $ 16,492 17,373

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Other Information Related to Operating Leases [Table Text Block]	(Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 226 739 Weighted-average remaining lease term – operating leases, in years 2.8 2.3 Weighted-average discount rate – operating leases 2.64 % 1.85 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	(Dollars in thousands) December 31, 2022 2023 $ 232 2024 212 2025 58 2026 27 2027 and thereafter 25 Total lease payments 554 Less: Interest (21 ) Present value of lease liabilities $ 533

Note 11 - Deposits (Tables)

Note 11 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Deposits and Weighted Average Interest Rates [Table Text Block]	2022 2021 (Dollars in thousands) Weighted Average Rate Amount Percent of Total Weighted Average Rate Amount Percent of Total Noninterest checking 0.00 % $ 325,603 33.2 % 0.00 % $ 344,404 36.2 % Interest checking 0.38 147,497 15.0 0.12 151,476 15.9 Savings accounts 0.08 123,389 12.6 0.06 119,517 12.6 Money market accounts 0.73 253,498 25.8 0.21 249,089 26.2 849,987 86.6 864,486 90.9 Certificates by rate: 0-0.99% 53,645 5.4 74,481 7.8 1-1.99% 8,049 0.8 4,357 0.5 2-2.99% 3,521 0.4 6,316 0.7 3-3.99% 5,493 0.6 1,026 0.1 4-4.99% 61,231 6.2 0 0.0 Total certificates 2.59 131,939 13.4 0.53 86,180 9.1 Total deposits 0.60 $ 981,926 100.0 % 0.13 $ 950,666 100.0 %
Scheduled Maturities of Certificates of Deposit [Table Text Block]	2022 2021 (Dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Remaining term to maturity 1-6 months $ 26,310 0.34 % $ 35,007 0.68 % 7-12 months 46,427 2.58 27,280 0.40 13-36 months 57,664 3.59 21,769 0.46 Over 36 months 1,538 0.59 2,124 0.66 Total $ 131,939 2.59 $ 86,180 0.53
Schedule of Interest Expense Domestic Deposit Liabilities [Table Text Block]	(Dollars in thousands) 2022 2021 Checking accounts $ 220 182 Savings accounts 75 69 Money market accounts 882 557 Certificate accounts 555 745 Total $ 1,732 1,553

Note 13 - Income Taxes (Tables)

Note 13 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(Dollars in thousands) 2022 2021 Current: Federal $ 2,123 3,234 State 1,000 1,519 Total current 3,123 4,753 Deferred: Federal 2 410 State 101 202 Total deferred 103 612 Income tax expense $ 3,226 5,365
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	(Dollars in thousands) 2022 2021 Expected federal income tax expense $ 2,367 3,975 Items affecting federal income tax: State income taxes, net of federal income tax deduction 899 1,350 Other, net (40 ) 40 Income tax expense $ 3,226 5,365
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(Dollars in thousands) 2022 2021 Deferred tax assets: Allowances for loan losses $ 2,899 2,610 Deferred compensation costs 120 143 Deferred ESOP loan asset 361 399 Non-accruing loan interest 179 96 Net unrealized loss on securities available for sale 6,539 618 Other 110 679 Total gross deferred tax assets 10,208 4,545 Deferred tax liabilities: Deferred loan costs 243 272 Premises and equipment basis difference 618 669 Originated mortgage servicing rights 843 923 Other 157 152 Total gross deferred tax liabilities 1,861 2,016 Net deferred tax assets $ 8,347 2,529

Note 14 - Employee Benefits (Ta

Note 14 - Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	2022 2021 Shares held by participants beginning of the year 353,677 359,843 Shares allocated to participants 24,318 24,318 Shares purchased with dividends received on allocated shares 3,540 0 Shares distributed to participants (20,466 ) (30,484 ) Shares held by participants end of year 361,069 353,677 Unreleased shares beginning of the year 158,100 182,418 Shares released during year (24,318 ) (24,318 ) Unreleased shares end of year 133,782 158,100 Total ESOP shares end of year 494,851 511,777 Fair value of unreleased shares at December 31 $ 2,854,908 3,900,327
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Shares Available For Grant Unvested Restricted Shares Outstanding Options Outstanding Award Value/ Weighted Average Exercise Price Vesting Period 2009 Plan December 31, 2020 0 0 34,229 $ 11.21 December 31, 2021 0 0 34,229 $ 11.21 December 31, 2022 0 0 34,229 $ 11.21 2017 Plan December 31, 2020 365,742 21,484 0 N/A Granted January 26, 2021 (16,685 ) 11,123 0 3 Granted April 27, 2021 (3,150 ) 2,100 0 1 Vested 0 (11,866 ) 0 December 31, 2021 345,907 22,841 0 N/A Granted February 1, 2022 (11,286 ) 7,524 0 3 Granted April 26, 2022 (2,616 ) 1,744 0 1 Vested 0 (13,055 ) 0 December 31, 2022 332,005 19,054 0 N/A Total all plans 332,005 19,054 34,229 $ 11.21

Note 15 - Earnings Per Common_2

Note 15 - Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year ended December 31, (Dollars in thousands, except per share data) 2022 2021 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,358,022 4,471,363 Net dilutive effect of: Options 17,847 16,361 Restricted stock awards 13,601 16,214 Weighted average number of common shares outstanding adjusted for effect of dilutive securities 4,389,470 4,503,938 Income available to common shareholders $ 8,045 13,564 Basic earnings per common share 1.85 3.03 Diluted earnings per common share 1.83 3.01

Note 17 - Regulatory Capital _2

Note 17 - Regulatory Capital and Oversight (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual Required to be Adequately Capitalized Capital in Excess of Minimum Requirements To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) Amount Percent of Assets (1) December 31, 2022 Common equity Tier 1 capital $ 100,250 11.48 % $ 39,312 4.50 % $ 60,938 6.98 % $ 56,784 6.50 % Tier 1 leverage 100,250 9.14 43,883 4.00 56,367 5.14 54,854 5.00 Tier 1 risk-based capital 100,250 11.48 52,416 6.00 47,834 5.48 69,888 8.00 Total risk-based capital 110,527 12.65 69,888 8.00 40,639 4.65 87,360 10.00 December 31, 2021 Common equity Tier 1 capital $ 97,710 13.18 % $ 33,368 4.50 % $ 64,342 8.68 % $ 48,199 6.50 % Tier 1 leverage 97,710 9.47 41,283 4.00 56,427 5.47 51,603 5.00 Tier 1 risk-based capital 97,710 13.18 44,491 6.00 53,219 7.18 59,322 8.00 Total risk-based capital 106,979 14.43 59,322 8.00 47,657 6.43 74,152 10.00

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	Contract Amount (Dollars in thousands) 2022 2021 Financial instruments whose contract amount represents credit risk: Commitments to originate, fund or purchase loans: Single family $ 6,220 7,770 Multi-family 0 3,791 Commercial real estate 17,656 2,939 Commercial business 617 0 Undisbursed balance of loans closed 92,774 66,504 Unused lines of credit 103,841 106,125 Letters of credit 11,832 8,012 Total commitments to extend credit $ 232,940 195,141 Forward commitments $ 6,575 12,340
Other Commitments [Table Text Block]	Payments Due by Period (Dollars in thousands) Total Less Than 1 Year 1-3 Years 4-5 Years More Than 5 Years Contractual Obligations: Annual rental commitments under non-cancellable operating leases $ 554 232 270 52 0 Total contractual obligations $ 554 232 270 52 0 Amount of Commitments Expiring by Period Other Commercial Commitments: Commercial lines of credit $ 71,287 25,741 36,313 8,925 308 Commitments to lend 87,779 15,741 15,127 22,278 34,633 Standby letters of credit 11,832 10,562 1,270 0 0 Total other commercial commitments $ 170,898 52,044 52,710 31,203 34,941

Note 20 - Fair Value Measurem_2

Note 20 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Carrying Value at December 31, 2022 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 246,019 0 246,019 0 Equity securities 225 0 225 0 Mortgage loan commitments (28 ) 0 (28 ) 0 Total $ 246,216 0 246,216 0 Carrying Value at December 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 285,765 0 285,765 0 Equity securities 248 0 248 0 Mortgage loan commitments 26 0 26 0 Total $ 286,039 0 286,039 0
Fair Value Measurements, Nonrecurring [Table Text Block]	Carrying Value at December 31, 2022 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2022 Total Gains (Losses) Loans held for sale $ 1,314 0 1,314 0 3 Mortgage servicing rights, net 2,986 0 2,986 0 0 Impaired loans 1,978 0 1,978 0 (46 ) Total $ 6,278 0 6,278 0 (43 ) Carrying Value at December 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2021 Total Gains (Losses) Loans held for sale $ 5,575 0 5,575 0 (56 ) Mortgage servicing rights, net 3,280 0 3,280 0 0 Impaired loans 4,244 0 4,244 0 (218 ) Real estate, net 290 0 290 0 0 Total $ 13,389 0 13,389 0 (274 )

Note 21 - Fair Value of Finan_2

Note 21 - Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2022 December 31, 2021 Fair Value Hierarchy (Dollars in thousands) Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Contract Amount Carrying Amount Estimated Fair Value Contract Amount Financial assets: Cash and cash equivalents $ 36,259 36,259 36,259 94,143 94,143 Securities available for sale 246,019 246,019 246,019 285,765 285,765 Equity securities 225 225 225 248 248 Loans held for sale 1,314 1,314 1,314 5,575 5,575 Loans receivable, net 777,078 724,497 724,497 652,502 661,298 FHLB stock 1,283 1,283 1,283 1,092 1,092 Accrued interest receivable 3,003 3,003 3,003 2,132 2,132 Financial liabilities: Deposits 981,926 983,420 983,420 950,666 950,558 Accrued interest payable 298 298 298 63 63 Off-balance sheet financial instruments: Commitments to extend credit (28 ) (28 ) 232,940 26 26 195,141 Commitments to sell loans 8 8 6,575 12 12 12,340

Note 22 - HMN Financial, Inc._2

Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Condensed Financial Statements [Table Text Block]	(Dollars in thousands) 2022 2021 Condensed Balance Sheets Assets: Cash and cash equivalents $ 15,250 12,538 Investment in subsidiaries 81,190 96,867 Prepaid expenses and other assets 1,046 785 Deferred tax asset, net 0 4 Total assets $ 97,486 110,194 Liabilities and Stockholders' Equity: Accrued expenses and other liabilities $ 150 163 Total liabilities 150 163 Common stock 91 91 Additional paid-in capital 41,013 40,740 Retained earnings 138,409 131,413 Net unrealized losses on securities available for sale (19,761 ) (1,583 ) Unearned employee stock ownership plan shares (1,063 ) (1,256 ) Treasury stock, at cost, 4,647,686 and 4,564,087 shares (61,353 ) (59,374 ) Total stockholders' equity 97,336 110,031 Total liabilities and stockholders' equity $ 97,486 110,194 Condensed Statements of Income Interest income $ 43 31 Equity income of subsidiaries 8,500 14,174 Compensation and benefits (272 ) (282 ) Occupancy and equipment (30 ) (30 ) Data processing (6 ) (6 ) Professional services (125 ) (111 ) Other (404 ) (405 ) Income before income tax benefit 7,706 13,371 Income tax benefit 339 193 Net income $ 8,045 13,564 Condensed Statements of Cash Flows Cash flows from operating activities: Net income $ 8,045 13,564 Adjustments to reconcile net income to cash used by operating activities: Equity income of subsidiaries (8,500 ) (14,174 ) Deferred income tax benefit 4 10 Amortization of restricted stock awards 227 243 Amortization of unearned ESOP shares 193 194 Earned employee stock ownership shares priced above original cost 271 239 (Increase) decrease in other assets (261 ) 106 Decrease in other liabilities (13 ) (18 ) Other, net (1 ) 0 Net cash (used) provided by operating activities (35 ) 164 Cash flows from financing activities: Treasury stock purchased (2,134 ) (4,589 ) Stock awards withheld for tax withholding (70 ) (7 ) Dividends to stockholders (1,049 ) 0 Dividends received from Bank 6,000 6,000 Net cash provided by financing activities 2,747 1,404 Increase in cash and cash equivalents 2,712 1,568 Cash and cash equivalents, beginning of year 12,538 10,970 Cash and cash equivalents, end of year $ 15,250 12,538

Note 23 - Business Segments (Ta

Note 23 - Business Segments (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(Dollars in thousands) Home Federal Savings Bank Other Eliminations Consolidated Total At or for the year ended December 31, 2022 Interest income – external customers $ 34,255 0 0 34,255 Non-interest income – external customers 8,887 0 0 8,887 Intersegment interest income 0 43 (43 ) 0 Intersegment non-interest income 234 8,500 (8,734 ) 0 Interest expense 2,042 0 (43 ) 1,999 Provision for loan losses 1,071 0 0 1,071 Non-interest expense 28,198 837 (234 ) 28,801 Income tax expense (benefit) 3,565 (339 ) 0 3,226 Net income 8,500 8,045 (8,500 ) 8,045 Total assets 1,095,268 97,486 (96,552 ) 1,096,202 At or for the year ended December 31, 2021: Interest income – external customers $ 31,761 0 0 31,761 Non-interest income – external customers 14,262 1 0 14,263 Intersegment interest income 0 31 (31 ) 0 Intersegment non-interest income 234 14,174 (14,408 ) 0 Interest expense 1,584 0 (31 ) 1,553 Provision for loan losses (2,119 ) 0 0 (2,119 ) Non-interest expense 27,060 835 (234 ) 27,661 Income tax expense (benefit) 5,558 (193 ) 0 5,365 Net income 14,174 13,564 (14,174 ) 13,564 Total assets 1,068,834 110,194 (109,490 ) 1,069,538

Note 1 - Description of the B_2

Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2022	Jan. 01, 2023
Percentage Of Ownership In Subsidiaries	100%
Number of Wholly Owned Subsidiaries	2
Minimum [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Subsequent Event [Member]
Financing Receivable, Allowance for Credit Loss, Increase (Decrease), Percent		7%
Maximum [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Subsequent Event [Member]
Financing Receivable, Allowance for Credit Loss, Increase (Decrease), Percent		11%
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	40 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years

Note 2 - Revenue Recognition -

Note 2 - Revenue Recognition - Non-interest Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Gain on sales of loans	[1]	$ 2,393	$ 6,566
Total non-interest income		8,887	14,263
Deposit Account [Member]
Revenue from Contract with Customer		1,095	979
Other Fees and Service Charges [Member]
Revenue from Contract with Customer		416	392
Debit Card [Member]
Revenue from Contract with Customer		1,711	1,754
Bank Servicing [Member]
Revenue from Contract with Customer	[1]	1,590	1,555
Uninsured Investment Product Sales [Member]
Revenue from Contract with Customer		1,396	1,208
Product and Service, Other [Member]
Revenue from Contract with Customer		$ 286	$ 1,809
[1]Not within the scope of ASC 606.

Note 3 - Other Comprehensive _3

Note 3 - Other Comprehensive Loss - Components of Other Comprehensive (Loss) Income and Related Tax Effects (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Gross unrealized (losses) gains arising during the period, before tax	$ (24,098)	$ (3,979)
Gross unrealized (losses) gains arising during the period, tax	(5,920)	(1,114)
Gross unrealized (losses) gains arising during the period, net of tax	(18,178)	(2,865)
Other comprehensive income (loss), before tax	(24,098)	(3,979)
Other comprehensive income (loss), tax	(5,920)	(1,114)
Other comprehensive income (loss), net of tax	$ (18,178)	$ (2,865)

Note 4 - Securities Available_3

Note 4 - Securities Available for Sale (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other-than-temporary Impairment Loss, Debt Securities, Available-for-Sale	$ 0	$ 0

Note 4 - Securities Available_4

Note 4 - Securities Available for Sale - Summary of Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Securities available for sale, amortized cost	$ 272,319	$ 287,966
Investment securities available for sale, gross unrealized gains	0	734
Investment securities available for sale, gross unrealized losses	(26,300)	(2,935)
Securities available for sale	246,019	285,765
Mortgage Backed Securities, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Securities available for sale, amortized cost	117,690	138,628
Investment securities available for sale, gross unrealized gains	0	550
Investment securities available for sale, gross unrealized losses	(12,754)	(1,367)
Securities available for sale	104,936	137,811
Mortgage Backed Securities, Issued by Us Government Sponsored Enterprises, Federal Home Loan Mortgage Corporation Certificates and Obligations FHLMC [Member]
Securities available for sale, amortized cost	98,893	108,599
Investment securities available for sale, gross unrealized gains	0	126
Investment securities available for sale, gross unrealized losses	(11,177)	(1,189)
Securities available for sale	87,716	107,536
Mortgage Backed Securities, Issued by Us Government Sponsored Enterprises, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Securities available for sale, amortized cost	38	48
Investment securities available for sale, gross unrealized gains	0	2
Investment securities available for sale, gross unrealized losses	(2)	0
Securities available for sale	36	50
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, amortized cost	216,621	247,275
Investment securities available for sale, gross unrealized gains	0	678
Investment securities available for sale, gross unrealized losses	(23,933)	(2,556)
Securities available for sale	192,688	245,397
Other Marketable Securities, Us Government Agencies Debt Securities [Member]
Securities available for sale, amortized cost	54,998	39,991
Investment securities available for sale, gross unrealized gains	0	56
Investment securities available for sale, gross unrealized losses	(2,157)	(337)
Securities available for sale	52,841	39,710
Other Marketable Securities, Corporate Preferred Stock [Member]
Securities available for sale, amortized cost	700	700
Investment securities available for sale, gross unrealized gains	0	0
Investment securities available for sale, gross unrealized losses	(210)	(42)
Securities available for sale	490	658
Other Marketable Securities [Member]
Securities available for sale, amortized cost	55,698	40,691
Investment securities available for sale, gross unrealized gains	0	56
Investment securities available for sale, gross unrealized losses	(2,367)	(379)
Securities available for sale	$ 53,331	$ 40,368

Note 4 - Securities Available_5

Note 4 - Securities Available for Sale - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Due one year or less	$ 67,917
Due one year or less, fair value	61,838
Due after one year through five years, amortized cost	156,729
Due after one year through five years, fair value	141,907
Due after five years through fifteen years, amortized cost	47,670
Due after five years through fifteen years, fair value	42,271
Due after fifteen years, amortized cost	3
Due after fifteen years, fair value	3
Total, amortized cost	272,319	$ 287,966
Total, fair value	$ 246,019	$ 285,765

Note 4 - Securities Available_6

Note 4 - Securities Available for Sale - Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Less Than Twelve Months # of Investments	21	43
Less Than Twelve Months Fair Value	$ 49,249	$ 218,706
Less Than Twelve Months Unrealized Losses	$ (3,512)	$ (2,609)
Twelve Months or More # of Investments	50	5
Twelve Months or More Fair Value	$ 196,770	$ 15,132
Twelve Months or More Unrealized Losses	(22,788)	(326)
Total fair value	246,019	233,838
Total temporarily impaired securities	$ (26,300)	$ (2,935)
Mortgage Backed Securities, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Less Than Twelve Months # of Investments	12	19
Less Than Twelve Months Fair Value	$ 19,337	$ 98,423
Less Than Twelve Months Unrealized Losses	$ (1,629)	$ (1,234)
Twelve Months or More # of Investments	22	2
Twelve Months or More Fair Value	$ 85,599	$ 6,810
Twelve Months or More Unrealized Losses	(11,125)	(133)
Total fair value	104,936	105,233
Total temporarily impaired securities	$ (12,754)	$ (1,367)
Mortgage Backed Securities, Issued by Us Government Sponsored Enterprises, Federal Home Loan Mortgage Corporation Certificates and Obligations FHLMC [Member]
Less Than Twelve Months # of Investments	4	17
Less Than Twelve Months Fair Value	$ 10,542	$ 85,624
Less Than Twelve Months Unrealized Losses	$ (1,214)	$ (1,038)
Twelve Months or More # of Investments	20	2
Twelve Months or More Fair Value	$ 77,174	$ 7,664
Twelve Months or More Unrealized Losses	(9,963)	(151)
Total fair value	87,716	93,288
Total temporarily impaired securities	$ (11,177)	$ (1,189)
Mortgage Backed Securities, Issued by Us Government Sponsored Enterprises, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Less Than Twelve Months # of Investments	1
Less Than Twelve Months Fair Value	$ 36
Less Than Twelve Months Unrealized Losses	$ (2)
Twelve Months or More # of Investments	0
Twelve Months or More Fair Value	$ 0
Twelve Months or More Unrealized Losses	0
Total fair value	36
Total temporarily impaired securities	$ (2)
Other Marketable Securities, Us Government Agencies Debt Securities [Member]
Less Than Twelve Months # of Investments	4	7
Less Than Twelve Months Fair Value	$ 19,334	$ 34,659
Less Than Twelve Months Unrealized Losses	$ (667)	$ (337)
Twelve Months or More # of Investments	7	0
Twelve Months or More Fair Value	$ 33,507	$ 0
Twelve Months or More Unrealized Losses	(1,490)	0
Total fair value	52,841	34,659
Total temporarily impaired securities	$ (2,157)	$ (337)
Other Marketable Securities, Corporate Preferred Stock [Member]
Less Than Twelve Months # of Investments	0	0
Less Than Twelve Months Fair Value	$ 0	$ 0
Less Than Twelve Months Unrealized Losses	$ 0	$ 0
Twelve Months or More # of Investments	1	1
Twelve Months or More Fair Value	$ 490	$ 658
Twelve Months or More Unrealized Losses	(210)	(42)
Total fair value	490	658
Total temporarily impaired securities	$ (210)	$ (42)

Note 5 - Loans Receivable, Ne_2

Note 5 - Loans Receivable, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Receivable Loans and Leases, Commitments to Originate or Purchase Loans	$ 24,493	$ 14,501
Loans and Leases Receivable, Related Parties, Proceeds	0	100
Servicing Liability for Others, Unpaid Principal Balance	587,600	586,400
Fixed Rate Loans [Member]
Receivable Loans and Leases, Commitments to Originate or Purchase Loans	$ 5,300	$ 13,500
Fixed Rate Loans [Member] | Minimum [Member]
Receivable Loans and Leases, Commitments Interest Percentage	5.75%	2.50%
Fixed Rate Loans [Member] | Maximum [Member]
Receivable Loans and Leases, Commitments Interest Percentage	6.50%	4.75%
Loans to Executive Officers [Member] | Consumer Portfolio Segment [Member] | Home Equity Line [Member]
Loans and Leases Receivable, Related Parties, Ending Balance	$ 0	$ 100

Note 5 - Loans Receivable, Ne_3

Note 5 - Loans Receivable, Net - Loans Receivable (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans receivable		$ 787,887	$ 662,000
Unamortized discounts		13	10
Net deferred loan fees		519	209
Allowance for loan losses		10,277	9,279	$ 10,699
Total loans receivable, net		777,078	652,502
Commitments to originate or purchase loans		24,493	14,501
Commitments to deliver loans to secondary market		$ 6,575	$ 12,340
Weighted average contractual rate of loans in portfolio		4.51%	4.01%
Residential Portfolio Segment [Member]
Loans receivable		$ 205,890	$ 163,322
Allowance for loan losses		1,261	974	1,030
Residential Portfolio Segment [Member] | Single Family Segment [Member]
Loans receivable		205,890	163,322
Commercial Real Estate Portfolio Segment [Member]
Loans receivable		471,345	396,868
Allowance for loan losses		7,026	6,388	7,295
Commercial Real Estate Portfolio Segment [Member] | Single Family Builder Construction [Member]
Loans receivable		28,425	23,293
Commercial Real Estate Portfolio Segment [Member] | Multi Family Construction [Member]
Loans receivable		1,699	9,986
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Construction [Member]
Loans receivable		16,421	13,959
Commercial Real Estate Portfolio Segment [Member] | Churches/Community Service [Member]
Loans receivable		11,933	11,332
Commercial Real Estate Portfolio Segment [Member] | Commercial Buildings/Storage Facilities [Member]
Loans receivable		12,705	11,881
Commercial Real Estate Portfolio Segment [Member] | Land Developments [Member]
Loans receivable		30,230	12,041
Commercial Real Estate Portfolio Segment [Member] | Lodging [Member]
Loans receivable		59,762	57,220
Commercial Real Estate Portfolio Segment [Member] | Manufacturing [Member]
Loans receivable		23,478	23,913
Commercial Real Estate Portfolio Segment [Member] | Movie Theaters [Member]
Loans receivable		8,861	9,334
Commercial Real Estate Portfolio Segment [Member] | Multi Family [Member]
Loans receivable		53,885	43,140
Commercial Real Estate Portfolio Segment [Member] | Nursing Home/Health Care [Member]
Loans receivable		24,528	19,870
Commercial Real Estate Portfolio Segment [Member] | Restaurant/Bar/Cafe [Member]
Loans receivable		8,622	8,473
Commercial Real Estate Portfolio Segment [Member] | Retail/Office [Member]
Loans receivable		107,221	87,244
Commercial Real Estate Portfolio Segment [Member] | Warehouse Loan [Member]
Loans receivable		51,002	31,501
Commercial Real Estate Portfolio Segment [Member] | Other Nonconstruction [Member]
Loans receivable		32,573	33,681
Consumer Portfolio Segment [Member]
Loans receivable		44,817	41,645
Allowance for loan losses		1,058	981	1,389
Consumer Portfolio Segment [Member] | Home Equity Line [Member]
Loans receivable		17,551	17,467
Consumer Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable		10,865	7,557
Consumer Portfolio Segment [Member] | Land/Lots [Member]
Loans receivable		4,146	2,154
Consumer Portfolio Segment [Member] | Recreational Vehicle [Member]
Loans receivable		7,870	10,985
Consumer Portfolio Segment [Member] | Other Borrowings [Member]
Loans receivable	[1]	4,385	3,482
Commercial Portfolio Segment [Member]
Loans receivable		65,835	60,165
Allowance for loan losses		$ 932	$ 936	$ 985
[1]Amounts under four million dollars in both years are included in “Other”.

Note 5 - Loans Receivable, Ne_4

Note 5 - Loans Receivable, Net - Loans Originated by State (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Loans receivable		$ 787,887	$ 662,000
Residential Portfolio Segment [Member]
Loans receivable		$ 205,890	$ 163,322
Percent of Total		100%	100%
Residential Portfolio Segment [Member] | Minnesota [Member]
Loans receivable		$ 177,139	$ 142,252
Percent of Total		86%	87.10%
Residential Portfolio Segment [Member] | WISCONSIN
Loans receivable		$ 23,030	$ 15,048
Percent of Total		11.20%	9.20%
Residential Portfolio Segment [Member] | Other States [Member]
Loans receivable	[1]	$ 5,721	$ 6,022
Percent of Total		2.80%	3.70%
[1]Amounts under four million dollars in both years are included in “Other states”.

Note 5 - Loans Receivable, Ne_5

Note 5 - Loans Receivable, Net - Commercial Real Estate Loans (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Loans receivable		$ 787,887	$ 662,000
Commercial Real Estate Portfolio Segment [Member]
Loans receivable		$ 471,345	$ 396,868
Percent of Total		100%	100%
Commercial Real Estate Portfolio Segment [Member] | COLORADO
Loans receivable		$ 6,031	$ 6,150
Percent of Total		1.30%	1.60%
Commercial Real Estate Portfolio Segment [Member] | FLORIDA
Loans receivable		$ 7,049	$ 4,293
Percent of Total		1.50%	1.10%
Commercial Real Estate Portfolio Segment [Member] | IDAHO
Loans receivable		$ 4,712	$ 2,802
Percent of Total		1%	0.70%
Commercial Real Estate Portfolio Segment [Member] | IOWA
Loans receivable		$ 10,440	$ 7,955
Percent of Total		2.20%	2%
Commercial Real Estate Portfolio Segment [Member] | MINNESOTA
Loans receivable		$ 284,841	$ 264,376
Percent of Total		60.40%	66.60%
Commercial Real Estate Portfolio Segment [Member] | NORTH CAROLINA
Loans receivable		$ 4,211	$ 4,436
Percent of Total		0.90%	1.10%
Commercial Real Estate Portfolio Segment [Member] | WISCONSIN
Loans receivable		$ 143,076	$ 93,999
Percent of Total		30.40%	23.70%
Commercial Real Estate Portfolio Segment [Member] | Other States [Member]
Loans receivable	[1]	$ 10,985	$ 12,857
Percent of Total		2.30%	3.20%
[1]Amounts under four million dollars in both years are included in “Other states”.

Note 6 - Allowance for Loan L_3

Note 6 - Allowance for Loan Losses and Credit Quality Information (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 1,878	$ 4,621
Impaired Financing Receivable, Related Allowance	162	406
Loan Receivable for Which Value of Collateral Sufficient to Repay	1,000	900
Impaired Financing Receivable, Interest Income, Accrual Method	40	155
Financing Receivable, Troubled Debt Restructuring	790	1,051
Loans and Leases Receivable, Impaired, Troubled Debt, Interest Income	$ 100	100
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	1
Financing Receivable, Troubled Debt Restructuring, Subsequent Default	$ 200	0
Financing Receivable, Troubled Debt Restructuring, Reserves	$ 100	$ 200
Percentage Reserves For Loan Losses On Troubled Debt Restructurings	0.70%	2.60%
Loans and Leases Receivable, Allowance	$ 10,277	$ 9,279	$ 10,699
Impaired Loans with Sufficient Collateral to Repay Loan [Member]
Impaired Financing Receivable, Interest Income, Accrual Method	100	300
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total		200
Nonperforming Financial Instruments [Member]
Impaired Financing Receivable, Related Allowance	200	400
Financing Receivable, Troubled Debt Restructuring		300
Performing Financial Instruments [Member]
Financing Receivable, Troubled Debt Restructuring	$ 100	$ 0

Note 6 - Allowance for Loan L_4

Note 6 - Allowance for Loan Losses and Credit Quality Information - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance	$ 9,279	$ 10,699
Provision for losses	1,071	(2,119)
Charge-offs	(115)	(78)
Recoveries	42	777
Balance	10,277	9,279
Specific reserves	162	406
General reserves	10,115	8,873
Balance	10,277	9,279
Individually reviewed for impairment	2,140	4,650
Collectively reviewed for impairment	785,747	657,350
Ending balance	787,887	662,000
Residential Portfolio Segment [Member]
Balance	974	1,030
Provision for losses	286	(56)
Charge-offs	0	0
Recoveries	1	0
Balance	1,261	974
Specific reserves	33	36
General reserves	1,228	938
Balance	1,261	974
Individually reviewed for impairment	908	340
Collectively reviewed for impairment	204,982	162,982
Ending balance	205,890	163,322
Commercial Real Estate Portfolio Segment [Member]
Balance	6,388	7,295
Provision for losses	729	(1,524)
Charge-offs	(91)	(36)
Recoveries	0	653
Balance	7,026	6,388
Specific reserves	0	280
General reserves	7,026	6,108
Balance	7,026	6,388
Individually reviewed for impairment	179	3,757
Collectively reviewed for impairment	471,166	393,111
Ending balance	471,345	396,868
Consumer Portfolio Segment [Member]
Balance	981	1,389
Provision for losses	94	(424)
Charge-offs	(24)	(42)
Recoveries	7	58
Balance	1,058	981
Specific reserves	112	83
General reserves	946	898
Balance	1,058	981
Individually reviewed for impairment	492	546
Collectively reviewed for impairment	44,325	41,099
Ending balance	44,817	41,645
Commercial Portfolio Segment [Member]
Balance	936	985
Provision for losses	(38)	(115)
Charge-offs	0	0
Recoveries	34	66
Balance	932	936
Specific reserves	17	7
General reserves	915	929
Balance	932	936
Individually reviewed for impairment	561	7
Collectively reviewed for impairment	65,274	60,158
Ending balance	$ 65,835	$ 60,165

Note 6 - Allowance for Loan L_5

Note 6 - Allowance for Loan Losses and Credit Quality Information - Classified and Unclassified Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans receivable	$ 787,887	$ 662,000
Classified [Member]
Loans receivable	37,927	42,709
Classified [Member] | Special Mention [Member]
Loans receivable	22,684	25,179
Classified [Member] | Substandard [Member]
Loans receivable	15,090	17,403
Classified [Member] | Doubtful [Member]
Loans receivable	67	77
Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable	86	50
Unclassified [Member]
Loans receivable	749,960	619,291
Residential Portfolio Segment [Member]
Loans receivable	205,890	163,322
Residential Portfolio Segment [Member] | Classified [Member]
Loans receivable	2,996	1,257
Residential Portfolio Segment [Member] | Classified [Member] | Special Mention [Member]
Loans receivable	882	410
Residential Portfolio Segment [Member] | Classified [Member] | Substandard [Member]
Loans receivable	2,067	791
Residential Portfolio Segment [Member] | Classified [Member] | Doubtful [Member]
Loans receivable	47	56
Residential Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable	0	0
Residential Portfolio Segment [Member] | Unclassified [Member]
Loans receivable	202,894	162,065
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	471,345	396,868
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	249,783	209,666
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	221,562	187,202
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Real Estate Loan [Member]
Loans receivable	11,770	20,765
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Commercial Real Estate Other [Member]
Loans receivable	19,865	16,395
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Real Estate Loan [Member]
Loans receivable	9,529	16,012
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Commercial Real Estate Other [Member]
Loans receivable	11,273	6,824
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Real Estate Loan [Member]
Loans receivable	2,241	4,753
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Commercial Real Estate Other [Member]
Loans receivable	8,592	9,571
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Real Estate Loan [Member]
Loans receivable	0	0
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Commercial Real Estate Other [Member]
Loans receivable	0	0
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Real Estate Loan [Member]
Loans receivable	0	0
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Real Estate Other [Member]
Loans receivable	0	0
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Real Estate Loan [Member]
Loans receivable	238,013	188,901
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Commercial Real Estate Other [Member]
Loans receivable	201,697	170,807
Consumer Portfolio Segment [Member]
Loans receivable	44,817	41,645
Consumer Portfolio Segment [Member] | Classified [Member]
Loans receivable	493	546
Consumer Portfolio Segment [Member] | Classified [Member] | Special Mention [Member]
Loans receivable	0	0
Consumer Portfolio Segment [Member] | Classified [Member] | Substandard [Member]
Loans receivable	387	475
Consumer Portfolio Segment [Member] | Classified [Member] | Doubtful [Member]
Loans receivable	20	21
Consumer Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable	86	50
Consumer Portfolio Segment [Member] | Unclassified [Member]
Loans receivable	44,324	41,099
Commercial Portfolio Segment [Member]
Loans receivable	65,835	60,165
Commercial Portfolio Segment [Member] | Classified [Member]
Loans receivable	2,803	3,746
Commercial Portfolio Segment [Member] | Classified [Member] | Special Mention [Member]
Loans receivable	1,000	1,933
Commercial Portfolio Segment [Member] | Classified [Member] | Substandard [Member]
Loans receivable	1,803	1,813
Commercial Portfolio Segment [Member] | Classified [Member] | Doubtful [Member]
Loans receivable	0	0
Commercial Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable	0	0
Commercial Portfolio Segment [Member] | Unclassified [Member]
Loans receivable	$ 63,032	$ 56,419

Note 6 - Allowance for Loan L_6

Note 6 - Allowance for Loan Losses and Credit Quality Information - Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans receivable	$ 787,887	$ 662,000
Loans 90 days or more past due and still accruing	0	0
Residential Portfolio Segment [Member]
Loans receivable	205,890	163,322
Loans 90 days or more past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	471,345	396,868
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	249,783	209,666
Loans 90 days or more past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	221,562	187,202
Loans 90 days or more past due and still accruing	0	0
Consumer Portfolio Segment [Member]
Loans receivable	44,817	41,645
Loans 90 days or more past due and still accruing	0	0
Commercial Portfolio Segment [Member]
Loans receivable	65,835	60,165
Loans 90 days or more past due and still accruing	0	0
Financial Asset, 30 to 59 Days Past Due [Member]
Loans receivable	1,352	1,462
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	380	864
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	0	198
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	578	226
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	394	174
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	0	0
Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	268	3,556
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	145	65
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	0	0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	0	3,402
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	123	89
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable	569	275
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	481	153
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	88	122
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	0	0
Financial Asset, Past Due [Member]
Loans receivable	2,189	5,293
Financial Asset, Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	1,006	1,082
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	0	198
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	578	3,628
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	605	385
Financial Asset, Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	0	0
Financial Asset, Not Past Due [Member]
Loans receivable	785,698	656,707
Financial Asset, Not Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	204,884	162,240
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	249,783	209,468
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	220,984	183,574
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	44,212	41,260
Financial Asset, Not Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	$ 65,835	$ 60,165

Note 6 - Allowance for Loan L_7

Note 6 - Allowance for Loan Losses and Credit Quality Information - Impaired Loans and Related Allowances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related allowance	$ 162	$ 406
Recorded investment	2,140	4,650
Unpaid principal balance	2,158	4,669
Average recorded investment	3,571	2,892
Interest income recognized	40	155
Residential Portfolio Segment [Member]
Recorded investment, with no related allowance	667	253
Unpaid principal balance, with no related allowance	685	272
Average recorded investment, with no related allowance	496	502
Interest income recognized, with no related allowance	8	2
Recorded investment, with related allowance	241	87
Unpaid principal balance, with related allowance	241	87
Related allowance	33	36
Average recorded investment, with related allowance	108	113
Interest income recognized, with related allowance	4	0
Recorded investment	908	340
Unpaid principal balance	926	359
Average recorded investment	604	615
Interest income recognized	12	2
Commercial Real Estate Portfolio Segment [Member]
Related allowance	0	280
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Recorded investment, with no related allowance	179	189
Unpaid principal balance, with no related allowance	179	189
Average recorded investment, with no related allowance	182	197
Interest income recognized, with no related allowance	11	0
Recorded investment, with related allowance	0	3,568
Unpaid principal balance, with related allowance	0	3,568
Related allowance	0	280
Average recorded investment, with related allowance	2,044	844
Interest income recognized, with related allowance	0	142
Recorded investment	179	3,757
Unpaid principal balance	179	3,757
Average recorded investment	2,226	1,041
Interest income recognized	11	142
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Recorded investment, with no related allowance		0
Unpaid principal balance, with no related allowance		0
Average recorded investment, with no related allowance		432
Interest income recognized, with no related allowance		0
Recorded investment, with related allowance		0
Unpaid principal balance, with related allowance		0
Related allowance		0
Average recorded investment, with related allowance		98
Interest income recognized, with related allowance		0
Recorded investment		0
Unpaid principal balance		0
Average recorded investment		530
Interest income recognized		0
Consumer Portfolio Segment [Member]
Recorded investment, with no related allowance	338	419
Unpaid principal balance, with no related allowance	338	419
Average recorded investment, with no related allowance	345	545
Interest income recognized, with no related allowance	13	9
Recorded investment, with related allowance	154	127
Unpaid principal balance, with related allowance	154	127
Related allowance	112	83
Average recorded investment, with related allowance	152	136
Interest income recognized, with related allowance	2	2
Recorded investment	492	546
Unpaid principal balance	492	546
Average recorded investment	497	681
Interest income recognized	15	11
Commercial Portfolio Segment [Member]
Recorded investment, with related allowance	561	7
Unpaid principal balance, with related allowance	561	7
Related allowance	17	7
Average recorded investment, with related allowance	244	25
Interest income recognized, with related allowance	2	0
Recorded investment	561	7
Unpaid principal balance	561	7
Average recorded investment	244	25
Interest income recognized	$ 2	$ 0

Note 6 - Allowance for Loan L_8

Note 6 - Allowance for Loan Losses and Credit Quality Information - Non-accrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Non-accrual loans	$ 1,878	$ 4,621
Residential Portfolio Segment [Member]
Non-accrual loans	908	340
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Non-accrual loans	0	3,757
Consumer Portfolio Segment [Member]
Non-accrual loans	441	517
Commercial Portfolio Segment [Member]
Non-accrual loans	$ 529	$ 7

Note 6 - Allowance for Loan L_9

Note 6 - Allowance for Loan Losses and Credit Quality Information - Troubled Debt Restructurings (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Troubled debt restructurings	$ 790	$ 1,051
Residential Portfolio Segment [Member]
Troubled debt restructurings	202	254
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Troubled debt restructurings	179	355
Consumer Portfolio Segment [Member]
Troubled debt restructurings	378	442
Commercial Portfolio Segment [Member]
Troubled debt restructurings	$ 31	$ 0

Note 6 - Allowance for Loan _10

Note 6 - Allowance for Loan Losses and Credit Quality Information - Financial Effects of Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Number of Contracts	4	4
Pre- modification Outstanding Recorded Investment	$ 243	$ 284
Post- modification Outstanding Recorded Investment	$ 245	$ 287
Residential Portfolio Segment [Member]
Number of Contracts	0	1
Pre- modification Outstanding Recorded Investment	$ 0	$ 38
Post- modification Outstanding Recorded Investment	$ 0	$ 40
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Number of Contracts	1	1
Pre- modification Outstanding Recorded Investment	$ 165	$ 139
Post- modification Outstanding Recorded Investment	$ 165	$ 139
Consumer Portfolio Segment [Member]
Number of Contracts	2	1
Pre- modification Outstanding Recorded Investment	$ 47	$ 93
Post- modification Outstanding Recorded Investment	$ 49	$ 94
Commercial Portfolio Segment [Member]
Number of Contracts	1	1
Pre- modification Outstanding Recorded Investment	$ 31	$ 14
Post- modification Outstanding Recorded Investment	$ 31	$ 14

Note 7 - Accrued Interest Rec_3

Note 7 - Accrued Interest Receivable - Summary of Accrued Interest Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued interest receivable	$ 3,003	$ 2,132
Securities Available for Sale [Member]
Accrued interest receivable	418	395
Loans Receivable [Member]
Accrued interest receivable	$ 2,585	$ 1,737

Note 8 - Intangible Assets (Det

Note 8 - Intangible Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Mortgage Servicing Rights and Core Deposits [Member]
Amortization of Intangible Assets	$ 0.9	$ 1.2

Note 8 - Intangible Assets - Mo

Note 8 - Intangible Assets - Mortgage Servicing Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance, beginning of year	$ 3,280	$ 3,043
Originations	615	1,405
Amortization	(909)	(1,168)
Balance, end of year	2,986	3,280
Fair value of mortgage servicing rights	$ 6,344	$ 4,813

Note 8 - Intangible Assets - Ri

Note 8 - Intangible Assets - Risk Characteristics of Loans Being Serviced (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Original Term Thirty Year Fixed Rate [Member]
Loan Principal Balance	$ 108,174
Weighted Average Interest Rate	2.89%
Weighted Average Remaining Term (Month)	136 months
Number of Loans	1,024
Original Term Fifteen Year Fixed Rate [Member]
Loan Principal Balance	$ 428,340
Weighted Average Interest Rate	3.56%
Weighted Average Remaining Term (Month)	308 months
Number of Loans	2,681

Note 8 - Intangible Assets - Gr

Note 8 - Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-lived intangible assets, accumulated amortization	$ (3,583)	$ (3,138)
Goodwill, gross carrying amount	802	802
Goodwill, accumulated impairment	0	0
Goodwill	802	802
Intangible assets (including goodwill), gross carrying amount	7,371	7,230
Intangible assets, unamortized intangible assets	3,788	4,092
Mortgage Servicing Rights [Member]
Finite-lived intangible assets, gross carrying amount	5,995	5,854
Finite-lived intangible assets, accumulated amortization	(3,009)	(2,574)
Finite-lived intangible assets, unamortized intangible assets	2,986	3,280
Core Deposits [Member]
Finite-lived intangible assets, gross carrying amount	574	574
Finite-lived intangible assets, accumulated amortization	(574)	(564)
Finite-lived intangible assets, unamortized intangible assets	$ 0	$ 10

Note 8 - Intangible Assets - Es

Note 8 - Intangible Assets - Estimated Future Amortization Expense (Details) - Mortgage Servicing Rights [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
2023	$ 708
2024	667
2025	602
2026	506
2027	328
Thereafter	175
Total	$ 2,986	$ 3,280

Note 9 - Premises and Equipme_3

Note 9 - Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Premises and equipment, gross	$ 35,354	$ 35,442
Accumulated depreciation	(18,862)	(18,069)
Total	16,492	17,373
Land [Member]
Premises and equipment, gross	5,156	5,156
Building and Building Improvements [Member]
Premises and equipment, gross	17,514	17,445
Furniture and Fixtures [Member]
Premises and equipment, gross	$ 12,684	$ 12,841

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Lease, Right-of-Use Asset	$ 500
Operating Lease, Cost	200	$ 700
Operating Lease, Liability, Total	$ 500
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)	20 months
Lessee, Operating Lease, Renewal Term (Year)	3 years
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)	59 months
Lessee, Operating Lease, Renewal Term (Year)	10 years
Other Assets [Member]
Operating Lease, Right-of-Use Asset	$ 500
Other Liabilities [Member]
Operating Lease, Liability, Total	$ 533

Note 10 - Leases - Summary of O

Note 10 - Leases - Summary of Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 226	$ 739
Weighted-average remaining lease term – operating leases (Year)	2 years 9 months 18 days	2 years 3 months 18 days
Weighted-average discount rate – operating leases	2.64%	1.85%

Note 10 - Leases - Maturity of

Note 10 - Leases - Maturity of Remaining Lease Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
2023	$ 232
2024	212
2025	58
2026	27
2027 and thereafter	25
Total lease payments	554
Less: Interest	(21)
Operating Lease, Liability, Total	500
Other Liabilities [Member]
Operating Lease, Liability, Total	$ 533

Note 11 - Deposits (Details Tex

Note 11 - Deposits (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits, at or Above FDIC Insurance Limit	$ 373,900	$ 393,700
Interest-Bearing Domestic Deposit, Certificates of Deposits Acquired Through Broker	55,100	0
Mortgage Loans and Mortgage Backed Securities [Member]
Debt Securities, Available-for-Sale, Restricted	$ 45,300	$ 33,200

Note 11 - Deposits - Deposits a

Note 11 - Deposits - Deposits and Weighted Average Interest Rates (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Noninterest checking, weighted average rate	0%	0%
Noninterest checking, amount	$ 325,603	$ 344,404
Noninterest checking, percent of total	33.20%	36.20%
Interest checking, weighted average rate	0.38%	0.12%
Interest checking, amount	$ 147,497	$ 151,476
Interest checking, percent of total	15%	15.90%
Savings accounts, weighted average rate	0.08%	0.06%
Savings accounts, amount	$ 123,389	$ 119,517
Savings accounts, percent of total	12.60%	12.60%
Money market accounts, weighted average rate	0.73%	0.21%
Money market accounts, amount	$ 253,498	$ 249,089
Money market accounts, percent of total	25.80%	26.20%
Amount	$ 849,987	$ 864,486
Percent of total	86.60%	90.90%
Certificates, amount	$ 131,939	$ 86,180
Certificates, percent of total	13.40%	9.10%
Total certificates, weighted average rate	2.59%	0.53%
Total deposits, weighted average rate	0.60%	0.13%
Total deposits	$ 981,926	$ 950,666
Total deposits, percent of total	100%	100%
Range 1 [Member]
Certificates, amount	$ 53,645	$ 74,481
Certificates, percent of total	5.40%	7.80%
Range 1 [Member] | Minimum [Member]
Certificate interest rate	0%
Range 1 [Member] | Maximum [Member]
Certificate interest rate	0.99%
Range 2 [Member]
Certificates, amount	$ 8,049	$ 4,357
Certificates, percent of total	0.80%	0.50%
Range 2 [Member] | Minimum [Member]
Certificate interest rate	1%
Range 2 [Member] | Maximum [Member]
Certificate interest rate	1.99%
Range 3 [Member]
Certificates, amount	$ 3,521	$ 6,316
Certificates, percent of total	0.40%	0.70%
Range 3 [Member] | Minimum [Member]
Certificate interest rate	2%
Range 3 [Member] | Maximum [Member]
Certificate interest rate	2.99%
Range 4 [Member]
Certificates, amount	$ 5,493	$ 1,026
Certificates, percent of total	0.60%	0.10%
Range 4 [Member] | Minimum [Member]
Certificate interest rate	3%
Range 4 [Member] | Maximum [Member]
Certificate interest rate	3.99%
Range 5 [Member]
Certificates, amount	$ 61,231	$ 0
Certificates, percent of total	6.20%	0%
Range 5 [Member] | Minimum [Member]
Certificate interest rate	4%
Range 5 [Member] | Maximum [Member]
Certificate interest rate	4.99%

Note 11 - Deposits - Certificat

Note 11 - Deposits - Certificate Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Remaining term to maturity	$ 131,939	$ 86,180
Total certificates, weighted average rate	2.59%	0.53%
One to Six Months [Member]
Remaining term to maturity	$ 26,310	$ 35,007
Total certificates, weighted average rate	0.34%	0.68%
Seven to Twelve Months [Member]
Remaining term to maturity	$ 46,427	$ 27,280
Total certificates, weighted average rate	2.58%	0.40%
Thirteen to Thirty Six Months [Member]
Remaining term to maturity	$ 57,664	$ 21,769
Total certificates, weighted average rate	3.59%	0.46%
Over Thirty Six Months [Member]
Remaining term to maturity	$ 1,538	$ 2,124
Total certificates, weighted average rate	0.59%	0.66%

Note 11 - Deposits - Interest E

Note 11 - Deposits - Interest Expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Checking accounts	$ 220	$ 182
Savings accounts	75	69
Money market accounts	882	557
Certificate accounts	555	745
Total	$ 1,732	$ 1,553

Note 12 - Federal Home Loan B_2

Note 12 - Federal Home Loan Bank (FHLB) Advances and Other Borrowings (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Advance from Federal Home Loan Bank, Total		$ 0
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 230,100	178,000
Additional Advances from Federal Home Loan Banks	$ 86,600	$ 50,300

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Amount in Retained Earnings, Represent Without Income Tax Provision	$ 8,800
Deferred Tax Assets, Valuation Allowance	0	$ 0
Domestic Tax Authority [Member]
Operating Loss Carryforwards, Total	$ 0

Note 13 - Income Taxes - Income

Note 13 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 2,123	$ 3,234
State	1,000	1,519
Total current	3,123	4,753
Deferred:
Federal	2	410
State	101	202
Total deferred	103	612
Income tax expense	$ 3,226	$ 5,365

Note 13 - Income Taxes - Inco_2

Note 13 - Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Expected federal income tax expense	$ 2,367	$ 3,975
Items affecting federal income tax:
State income taxes, net of federal income tax deduction	899	1,350
Other, net	(40)	40
Income tax expense	$ 3,226	$ 5,365

Note 13 - Income Taxes - Deferr

Note 13 - Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Allowances for loan losses	$ 2,899	$ 2,610
Deferred compensation costs	120	143
Deferred ESOP loan asset	361	399
Non-accruing loan interest	179	96
Net unrealized loss on securities available for sale	6,539	618
Other	110	679
Total gross deferred tax assets	10,208	4,545
Deferred tax liabilities:
Deferred loan costs	243	272
Premises and equipment basis difference	618	669
Originated mortgage servicing rights	843	923
Other	157	152
Total gross deferred tax liabilities	1,861	2,016
Net deferred tax assets	$ 8,347	$ 2,529

Note 14 - Employee Benefits (De

Note 14 - Employee Benefits (Details Textual)	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 shares
Minimum Age Required for Defined Contribution Plan Eligibility (Year)	18 years
Defined Contribution Plan, Employer Contribution, Percent of Annual Salary of Employee	50%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | $	$ 20,500	$ 19,500
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	25%
Maximum Contribution Percent by Participant	8%
Defined Contribution Plan, Cost | $	$ 200,000	200,000
Employee Stock Ownership Plan (ESOP), Debt Structure Direct Original Loan Amount | $	$ 6,100,000
Employee Stock Ownership Plan (ESOP), Shares Purchased (in shares)	912,866
Employee Stock Ownership Plan (ESOP), Debt Structure Indirect Original Loan Amount | $	$ 1,500,000
Employee Stock Ownership Plan (ESOP), Additional Shares Purchased (in shares)	76,933
Employee Stock Ownership Plan (ESOP), Interest Rate on Loan	7.52%
Employee Stock Ownership Plan (ESOP), Cash Contributions to ESOP | $	$ 500,000	500,000
Employee Stock Ownership Plan (ESOP), Compensation Expense | $	$ 600,000	$ 500,000
Minimum Age Required to be Eligible to Participate in Employee Stock Option Option Plan (Year)	18 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period (Year)	1 year
Minimum Duration of Working Hours Required to be Eligible to Participate in Employee Stock Option Option Plan	1,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)	34,229
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 11.21
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year)	3 years 1 month 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	0
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	19,054
The 2009 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number (in shares)	34,229
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 11.21
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 4.04
The 2009 Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	0	0	0
The 2017 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	375,000
Shares Available for Issuance, Number of Shares for Each Share of Restricted Stock (in shares)	1.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	0
The 2017 Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares)	19,054	22,841	21,484
Pentegra DB Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer | $	$ 300,000	$ 300,000
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	5%
Defined Benefit Plan, Funded Percentage	80%	90.90%

Note 14 - Employee Benefits - E

Note 14 - Employee Benefits - ESOP Share Allocation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Shares held by participants beginning of the year (in shares)	353,677	359,843
Shares allocated to participants (in shares)	24,318	24,318
Shares purchased with dividends received on allocated shares (in shares)	3,540	0
Shares distributed to participants (in shares)	(20,466)	(30,484)
Shares held by participants end of year (in shares)	361,069	353,677
Unreleased shares beginning of the year (in shares)	158,100	182,418
Shares released during year (in shares)	(24,318)	(24,318)
Unreleased shares end of year (in shares)	133,782	158,100
Total ESOP shares end of year (in shares)	494,851	511,777
Fair value of unreleased shares at December 31	$ 2,854,908	$ 3,900,327

Note 14 - Employee Benefits - A

Note 14 - Employee Benefits - Activities Under All Plans (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Weighted average exercise price (in dollars per share)	$ 11.21
Granted (in shares)	0	0
Shares available for grant (in shares)	332,005
Restricted Stock [Member]
Unvested restricted shares outstanding (in shares)	19,054
Share-Based Payment Arrangement, Option [Member]
Options outstanding (in shares)	34,229
The 2009 Plan [Member]
Shares available for grant (in shares)	0	0
Weighted average exercise price (in dollars per share)	$ 11.21	$ 11.21	$ 11.21
Shares available for grant (in shares)	0	0	0
The 2009 Plan [Member] | Restricted Stock [Member]
Unvested restricted shares outstanding (in shares)	0	0
Unvested restricted shares outstanding (in shares)	0	0	0
The 2009 Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Options outstanding (in shares)		34,229	34,229
Options outstanding (in shares)	34,229		34,229
The 2017 Plan [Member]
Shares available for grant (in shares)	345,907	365,742
Vested (in shares)	0	0
Shares available for grant (in shares)	332,005	345,907	365,742
Options outstanding (in shares)	0
The 2017 Plan [Member] | Granted January 28, 2020 [Member]
Granted (in shares)		(16,685)
Granted, vesting period (Year)		3 years
The 2017 Plan [Member] | Granted April 23, 2020 [Member]
Granted (in shares)		(3,150)
Granted, vesting period (Year)		1 year
The 2017 Plan [Member] | Granted February 1, 2022 [Member]
Granted (in shares)	(11,286)
Granted, vesting period (Year)	3 years
The 2017 Plan [Member] | Granted April 28, 2020 [Member]
Granted (in shares)	(2,616)
Granted, vesting period (Year)	1 year
The 2017 Plan [Member] | Restricted Stock [Member]
Unvested restricted shares outstanding (in shares)	22,841	21,484
Vested (in shares)	(13,055)	(11,866)
Unvested restricted shares outstanding (in shares)	19,054	22,841	21,484
The 2017 Plan [Member] | Restricted Stock [Member] | Granted January 28, 2020 [Member]
Granted (in shares)		11,123
The 2017 Plan [Member] | Restricted Stock [Member] | Granted April 23, 2020 [Member]
Granted (in shares)		2,100
The 2017 Plan [Member] | Restricted Stock [Member] | Granted February 1, 2022 [Member]
Granted (in shares)	7,524
The 2017 Plan [Member] | Restricted Stock [Member] | Granted April 28, 2020 [Member]
Granted (in shares)	1,744
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Options outstanding (in shares)		0	0
Vested (in shares)	0		0
Options outstanding (in shares)	0		0
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Granted January 28, 2020 [Member]
Granted (in shares)			0
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Granted April 23, 2020 [Member]
Granted (in shares)			0
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Granted February 1, 2022 [Member]
Granted (in shares)	0
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Granted April 28, 2020 [Member]
Granted (in shares)	0

Note 15 - Earnings Per Common_3

Note 15 - Earnings Per Common Share - Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Weighted average number of common shares outstanding used in basic earnings per common share calculation (in shares)	4,358,022	4,471,363
Options (in shares)	17,847	16,361
Restricted stock awards (in shares)	13,601	16,214
Weighted average number of common shares outstanding adjusted for effect of dilutive securities (in shares)	4,389,470	4,503,938
Net income	$ 8,045	$ 13,564
Basic earnings per common share (in dollars per share)	$ 1.85	$ 3.03
Diluted earnings per common share (in dollars per share)	$ 1.83	$ 3.01

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	12 Months Ended
	Mar. 03, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 27, 2021
Stock Repurchase Program, Authorized Amount		$ 2,000
Treasury Stock, Value, Acquired, Cost Method		$ 2,134	$ 4,589
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)		$ 0.24
Dividends, Common Stock, Cash		$ 1,000	$ 0
Quarterly Dividend [Member] | Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.06
New Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount				$ 6,000
Treasury Stock, Shares, Acquired (in shares)		90,000
Treasury Stock, Value, Acquired, Cost Method		$ 2,100
Stock Repurchased During Period, Shares (in shares)			217,400
Stock Repurchased During Period, Value			$ 4,600

Note 17 - Regulatory Capital _3

Note 17 - Regulatory Capital and Oversight (Details Textual)	Dec. 31, 2022
Banking Regulation, Capital Conservation Buffer, Common Equity Tier One Risk-Based Capital, Actual	0.0250

Note 17 - Regulatory Capital -

Note 17 - Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands		Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Common equity tier 1 capital, actual amount		$ 100,250	$ 97,710
Common equity tier 1 capital, actual percent of asset	[1]	0.1148	0.1318
Common equity tier 1 capital, amount required to be adequately capitalized		$ 39,312	$ 33,368
Common equity tier 1 capital, percent of assets required to be adequately capitalized	[1]	0.0450	0.0450
Common equity tier 1 capital, excess capital amount		$ 60,938	$ 64,342
Common equity tier 1 capital, excess capital percent of assets	[1]	0.0698	0.0868
Common equity tier 1 capital, amount to be well capitalized under prompt corrective action provisions		$ 56,784	$ 48,199
Common equity tier 1 capital, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.0650	0.0650
Tier 1 leverage, actual amount		$ 100,250	$ 97,710
Tier 1 leverage, actual percent of asset	[1]	0.0914	0.0947
Tier 1 leverage, amount required to be adequately capitalized		$ 43,883	$ 41,283
Tier 1 leverage, percent of assets required to be adequately capitalized	[1]	0.0400	0.0400
Tier 1 leverage, excess capital amount		$ 56,367	$ 56,427
Tier 1 leverage, excess capital percent of assets	[1]	0.0514	0.0547
Tier 1 leverage, amount to be well capitalized under prompt corrective action provisions		$ 54,854	$ 51,603
Tier 1 leverage, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.0500	0.0500
Tier 1 risk-based capital, actual amount		$ 100,250	$ 97,710
Tier 1 risk-based capital, actual percent of asset	[1]	0.1148	0.1318
Tier 1 risk-based capital, amount required to be adequately capitalized		$ 52,416	$ 44,491
Tier 1 risk-based capital, percent of assets required to be adequately capitalized	[1]	0.0600	0.0600
Tier 1 risk-based capital, excess capital amount		$ 47,834	$ 53,219
Tier 1 risk-based capital, excess capital percent of assets	[1]	0.0548	0.0718
Tier 1 risk-based capital, amount to be well capitalized under prompt corrective action provisions		$ 69,888	$ 59,322
Tier 1 risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.0800	0.0800
Total risk-based capital, actual amount		$ 110,527	$ 106,979
Total risk-based capital, actual percent of asset	[1]	0.1265	0.1443
Total risk-based capital, amount required to be adequately capitalized		$ 69,888	$ 59,322
Total risk-based capital, percent of assets required to be adequately capitalized	[1]	0.0800	0.0800
Total risk-based capital, excess capital amount		$ 40,639	$ 47,657
Total risk-based capital, excess capital percent of assets	[1]	0.0465	0.0643
Total risk-based capital, amount to be well capitalized under prompt corrective action provisions		$ 87,360	$ 74,152
Total risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.1000	0.1000
[1]Based upon the Bank’s adjusted total assets for the purpose of the Tier 1 leverage capital ratio and risk-weighted assets for the purpose of the risk-based capital ratios.

Note 18 - Commitments and Con_3

Note 18 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Letters of Credit Issued and Available Amount	$ 11.4	$ 7.6

Note 18 - Commitments and Con_4

Note 18 - Commitments and Contingencies - Financial Instruments With Off-balance Sheet Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments to originate, fund or purchase loans	$ 232,940	$ 195,141
Single Family Mortgages [Member]
Commitments to originate, fund or purchase loans	6,220	7,770
Multi Family [Member]
Commitments to originate, fund or purchase loans	0	3,791
Commercial Real Estate [Member]
Commitments to originate, fund or purchase loans	17,656	2,939
Non-real Estate Commercial Loans [Member]
Commitments to originate, fund or purchase loans	617	0
Undisbursed Balance of Loans Closed [Member]
Commitments to originate, fund or purchase loans	92,774	66,504
Unused Line of Credit [Member]
Commitments to originate, fund or purchase loans	103,841	106,125
Letters of Credit [Member]
Commitments to originate, fund or purchase loans	11,832	8,012
Forward Commitments [Member]
Forward commitments	$ 6,575	$ 12,340

Note 18 - Commitments and Con_5

Note 18 - Commitments and Contingencies - Obligations From Other Commitments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Total contractual obligations	$ 554
Less than 1 Year	232
1-3 Years	270
4-5 Years	52
More than 5 Years	0
Total Other Commercial Commitments	170,898
Other Commitments, Less than 1 Year	52,044
Other Commitments, 1-3 Years	52,710
Other Commitments, 4-5 Years	31,203
Other Commitments, More than 5 Years	34,941
Commercial Lines of Credit [Member]
Total Other Commercial Commitments	71,287
Other Commitments, Less than 1 Year	25,741
Other Commitments, 1-3 Years	36,313
Other Commitments, 4-5 Years	8,925
Other Commitments, More than 5 Years	308
Annual Rental Commitments under Non-cancellable Operating Leases [Member]
Total contractual obligations	554
Less than 1 Year	232
1-3 Years	270
4-5 Years	52
More than 5 Years	0
Commitments to Lend [Member]
Total Other Commercial Commitments	87,779
Other Commitments, Less than 1 Year	15,741
Other Commitments, 1-3 Years	15,127
Other Commitments, 4-5 Years	22,278
Other Commitments, More than 5 Years	34,633
Standby Letters of Credit [Member]
Total Other Commercial Commitments	11,832
Other Commitments, Less than 1 Year	10,562
Other Commitments, 1-3 Years	1,270
Other Commitments, 4-5 Years	0
Other Commitments, More than 5 Years	$ 0

Note 20 - Fair Value Measurem_3

Note 20 - Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Securities available for sale	$ 246,019	$ 285,765
Fair Value, Recurring [Member]
Securities available for sale	246,019	285,765
Equity securities	225	248
Mortgage loan commitments	(28)	26
Total	246,216	286,039
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale	0	0
Equity securities	0	0
Mortgage loan commitments	0	0
Total	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale	246,019	285,765
Equity securities	225	248
Mortgage loan commitments	(28)	26
Total	246,216	286,039
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale	0	0
Equity securities	0	0
Mortgage loan commitments	0	0
Total	$ 0	$ 0

Note 20 - Fair Value Measurem_4

Note 20 - Fair Value Measurements - Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans held for sale, Total gains (losses)	$ 3	$ (56)
Mortgage servicing rights, Total gains (losses)	0	0
Impaired loanss, Total gains (losses)	(46)	(218)
Total, Total gains (losses)	(43)	(274)
Real estate, net, Total gains (losses)		0
Fair Value, Nonrecurring [Member]
Loans held for sale	1,314	5,575
Mortgage servicing rights, net	2,986	3,280
Impaired loans	1,978	4,244
Total	6,278	13,389
Real estate, net		290
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Loans held for sale	0	0
Mortgage servicing rights, net	0	0
Impaired loans	0	0
Total	0	0
Real estate, net		0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held for sale	1,314	5,575
Mortgage servicing rights, net	2,986	3,280
Impaired loans	1,978	4,244
Total	6,278	13,389
Real estate, net		290
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale	0	0
Mortgage servicing rights, net	0	0
Impaired loans	0	0
Total	$ 0	0
Real estate, net		$ 0

Note 21 - Fair Value of Finan_3

Note 21 - Fair Value of Financial Instruments - Estimated Fair Value of Company's Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Securities available for sale	$ 246,019	$ 285,765
Loans receivable, net	777,078	652,502
Reported Value Measurement [Member]
Cash and cash equivalents	36,259	94,143
Securities available for sale	246,019	285,765
Equity securities	225	248
Loans held for sale	1,314	5,575
Loans receivable, net	777,078	652,502
FHLB stock	1,283	1,092
Accrued interest receivable	3,003	2,132
Deposits	981,926	950,666
Accrued interest payable	298	63
Commitments to extend credit	(28)	(26)
Commitments to extend credit	28	26
Commitments to sell loans	8	12
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	36,259	94,143
Securities available for sale	246,019	285,765
Equity securities	225	248
Loans held for sale	1,314	5,575
Loans receivable, net	724,497	661,298
FHLB stock	1,283	1,092
Accrued interest receivable	3,003	2,132
Deposits	983,420	950,558
Accrued interest payable	298	63
Commitments to extend credit	(28)	(26)
Commitments to extend credit	28	26
Commitments to sell loans	8	12
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	36,259
Securities available for sale
Equity securities
Loans held for sale
Loans receivable, net
FHLB stock
Accrued interest receivable
Deposits
Accrued interest payable
Commitments to extend credit
Commitments to extend credit
Commitments to sell loans
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Securities available for sale	246,019
Equity securities	225
Loans held for sale	1,314
Loans receivable, net	724,497
FHLB stock	1,283
Accrued interest receivable	3,003
Deposits	983,420
Accrued interest payable	298
Commitments to extend credit
Commitments to extend credit
Commitments to sell loans
Portion at Other than Fair Value Measurement [Member]
Cash and cash equivalents
Securities available for sale
Equity securities
Loans held for sale
Loans receivable, net
FHLB stock
Accrued interest receivable
Deposits
Accrued interest payable
Commitments to extend credit	(232,940)	(195,141)
Commitments to extend credit	232,940	195,141
Commitments to sell loans	$ 6,575	$ 12,340

Note 22 - HMN Financial, Inc._3

Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only) - Condensed Financial Statements for the Parent Company Only (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents	$ 36,259	$ 94,143
Prepaid expenses and other assets	3,902	5,427
Total assets	1,096,202	1,069,538
Accrued expenses and other liabilities	6,520	6,635
Total liabilities	998,866	959,507
Common stock	91	91
Additional paid-in capital	41,013	40,740
Retained earnings	138,409	131,413
Unearned employee stock ownership plan shares	(1,063)	(1,256)
Treasury stock, at cost, 4,647,686 and 4,564,087 shares	(61,353)	(59,374)
Total stockholders' equity	97,336	110,031	$ 103,252
Total liabilities and stockholders' equity	1,096,202	1,069,538
Interest income	32,256	30,208
Occupancy and equipment	3,812	4,372
Data processing	(1,948)	(1,445)
Professional services	(1,386)	(1,438)
Income tax expense	3,226	5,365
Net income	8,045	13,564
Deferred income tax benefit	103	612
Amortization of restricted stock awards	227	243
Amortization of unearned ESOP shares	193	194
Earned ESOP shares priced above original cost	271	239
Decrease in other assets	1,346	1,503
Decrease in other liabilities	(115)	(2,307)
Other, net	4	28
Net cash (used) provided by operating activities	31,311	24,303
Treasury stock purchased	(2,134)	(4,589)
Stock awards withheld for tax withholding	(70)	(7)
Dividends to stockholders	(1,049)	0
Net cash provided by financing activities	35,986	151,011
Increase in cash and cash equivalents	(57,884)	7,874
Cash and cash equivalents, beginning of year	94,143	86,269
Cash and cash equivalents, end of year	36,259	94,143
Parent Company [Member]
Cash and cash equivalents	15,250	12,538
Investment in subsidiaries	81,190	96,867
Prepaid expenses and other assets	1,046	785
Deferred tax asset, net	0	4
Total assets	97,486	110,194
Accrued expenses and other liabilities	150	163
Total liabilities	150	163
Common stock	91	91
Additional paid-in capital	41,013	40,740
Retained earnings	138,409	131,413
Net unrealized losses on securities available for sale	(19,761)	(1,583)
Unearned employee stock ownership plan shares	(1,063)	(1,256)
Treasury stock, at cost, 4,647,686 and 4,564,087 shares	(61,353)	(59,374)
Total stockholders' equity	97,336	110,031
Total liabilities and stockholders' equity	97,486	110,194
Interest income	43	31
Equity income of subsidiaries	8,500	14,174
Compensation and benefits	(272)	(282)
Occupancy and equipment	(30)	(30)
Data processing	(6)	(6)
Professional services	(125)	(111)
Other	(404)	(405)
Income before income tax benefit	7,706	13,371
Income tax expense	339	193
Net income	8,045	13,564
Equity income of subsidiaries	(8,500)	(14,174)
Deferred income tax benefit	4	10
Amortization of restricted stock awards	227	243
Amortization of unearned ESOP shares	193	194
Earned ESOP shares priced above original cost	271	239
Decrease in other assets	(261)	106
Decrease in other liabilities	(13)	(18)
Other, net	(1)	0
Net cash (used) provided by operating activities	(35)	164
Treasury stock purchased	(2,134)	(4,589)
Stock awards withheld for tax withholding	(70)	(7)
Dividends to stockholders	(1,049)	0
Dividends received from Bank	6,000	6,000
Net cash provided by financing activities	2,747	1,404
Increase in cash and cash equivalents	2,712	1,568
Cash and cash equivalents, beginning of year	12,538	10,970
Cash and cash equivalents, end of year	$ 15,250	$ 12,538

Note 23 - Business Segments - P

Note 23 - Business Segments - Profit and Assets for the Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest income – external customers	$ 34,255	$ 31,761
Non-interest income – external customers	8,887	14,263
Intersegment interest income	0	0
Intersegment non-interest income	0	0
Interest expense	1,999	1,553
Provision for loan losses	1,071	(2,119)
Non-interest expense	28,801	27,661
Income tax expense	3,226	5,365
Net income	8,045	13,564
Total assets	1,096,202	1,069,538
Consolidation, Eliminations [Member]
Interest income – external customers	0	0
Non-interest income – external customers	0	0
Intersegment interest income	(43)	(14,408)
Intersegment non-interest income	(8,734)	(31)
Interest expense	(43)	(31)
Provision for loan losses	0	0
Non-interest expense	(234)	(234)
Income tax expense	0	0
Net income	(8,500)	(14,174)
Total assets	(96,552)	(109,490)
Home Federal Savings Bank [Member] | Operating Segments [Member]
Interest income – external customers	34,255	31,761
Non-interest income – external customers	8,887	14,262
Intersegment interest income	0	234
Intersegment non-interest income	234	0
Interest expense	2,042	1,584
Provision for loan losses	1,071	(2,119)
Non-interest expense	28,198	27,060
Income tax expense	3,565	5,558
Net income	8,500	14,174
Total assets	1,095,268	1,068,834
Other Segments [Member] | Operating Segments [Member]
Interest income – external customers	0	0
Non-interest income – external customers	0	1
Intersegment interest income	43	14,174
Intersegment non-interest income	8,500	31
Interest expense	0	0
Provision for loan losses	0	0
Non-interest expense	837	835
Income tax expense	(339)	(193)
Net income	8,045	13,564
Total assets	$ 97,486	$ 110,194