HMN Financial (HMNF) 10-K/A 19 Mar 24 2023 FY Annual report (amended) Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 28, 2024	Jun. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0000921183
Entity Registrant Name	HMN FINANCIAL INC
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 67,900,000
Entity Common Stock, Shares Outstanding		4,462,555
Amendment Description	HMN Financial, Inc. is filing this Form 10-K/A as Amendment No. 1 (the Amended Filing) to its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the Original Filing) that was filed with the Securities and Exchange Commission on March 15, 2024 to correct (i) Baker Tilly US, LLP's report of independent registered public accounting firm, as a previously superseded version was filed due to a clerical error, and (ii) to add Exhibit 21.   This Amended Filing does not reflect any subsequent events occurring after the original filing date of the Original Filing and does not modify or update in any way disclosures made in the Original Filing except as described above.
Auditor Firm ID	23
Auditor Name	Baker Tilly US, LLP
Auditor Location	Milwaukee, Wisconsin

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 11,151	$ 36,259
Securities available for sale (at fair value)	215,094	246,019
Loans held for sale	1,006	1,314
Loans receivable, net	845,692	777,078
Accrued interest receivable	3,553	3,003
Mortgage servicing rights, net	2,709	2,986
Premises and equipment, net	15,995	16,492
Goodwill	802	802
Prepaid expenses and other assets	3,962	3,902
Deferred tax asset, net	7,171	8,347
Total assets	1,107,135	1,096,202
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	976,793	981,926
Federal Home Loan Bank advances and other borrowings	13,200	0
Accrued interest payable	2,399	298
Customer escrows	2,246	10,122
Accrued expenses and other liabilities	4,790	6,520
Total liabilities	999,428	998,866
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; outstanding 4,457,905 and 4,480,976	91	91
Additional paid-in capital	41,235	41,013
Retained earnings, subject to certain restrictions	142,278	138,409
Accumulated other comprehensive loss	(13,191)	(19,761)
Unearned employee stock ownership plan shares	(870)	(1,063)
Treasury stock, at cost 4,670,757 and 4,647,686 shares	(61,836)	(61,353)
Total stockholders’ equity	107,707	97,336
Total liabilities and stockholders’ equity	1,107,135	1,096,202
Collateralized Mortgage-Backed Securities [Member]
ASSETS
Securities available for sale (at fair value)	161,414	192,688
Other Debt Obligations [Member]
ASSETS
Securities available for sale (at fair value)	$ 53,680	$ 53,331

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities available for sale, amortized cost	$ 233,478	$ 272,319
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
Common Stock, Shares, Outstanding (in shares)	4,457,905	4,480,976
Treasury stock, common, share (in shares)	4,670,757	4,647,686
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, amortized cost	$ 179,366	$ 216,621
Other Debt Obligations [Member]
Securities available for sale, amortized cost	$ 54,112	$ 55,698

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Interest income:
Loans receivable		$ 39,646	$ 30,448
Securities available for sale:
Mortgage-backed and related		2,362	2,801
Other marketable		966	428
Other		503	578
Total interest income		43,477	34,255
Interest expense:
Deposits		12,290	1,732
Customer escrows		59	16
Advances and other borrowings		371	251
Total interest expense		12,720	1,999
Net interest income		30,757	32,256
Provision for credit losses (1)	[1]	713	1,071
Net interest income after provision for credit losses		30,044	31,185
Non-interest income:
Gain on sales of loans	[2]	1,494	2,393
Other		1,860	1,682
Total non-interest income		8,281	8,887
Non-interest expense:
Compensation and benefits		18,113	17,211
Occupancy and equipment		3,626	3,812
Data processing		2,187	1,948
Professional services		1,051	1,386
Other		4,795	4,444
Total non-interest expense		29,772	28,801
Income before income tax expense		8,553	11,271
Income tax expense		2,548	3,226
Net income		6,005	8,045
Other comprehensive income (loss), net of tax		6,570	(18,178)
Comprehensive income (loss) available to common stockholders		$ 12,575	$ (10,133)
Basic earnings per share (in dollars per share)		$ 1.38	$ 1.85
Diluted earnings per share (in dollars per share)		$ 1.37	$ 1.83
Financial Service [Member]
Non-interest income:
Revenue from Contract with Customer		$ 3,352	$ 3,222
Bank Servicing [Member]
Non-interest income:
Revenue from Contract with Customer	[2]	$ 1,575	$ 1,590
[1]The Company adopted Accounting Standard Update (ASU) 2016-13 as of January 1, 2023. The 2022 amount presented is calculated under the prior accounting standard.[2]Not within the scope of ASC 606.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	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, Common [Member]	Total
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 loss, net of tax						(18,178)			(18,178)
Dividends paid to stockholders ($0.24 per share)					(1,049)				(1,049)
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
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	$ (830)	$ (830)
Balance at Dec. 31, 2022			91	41,013	138,409	(19,761)	(1,063)	(61,353)	97,336
Net income					6,005				6,005
Other comprehensive loss, net of tax						6,570			6,570
Dividends paid to stockholders ($0.24 per share)					(1,306)				(1,306)
Stock repurchases								(629)	(629)
Restricted stock awards				(210)				210	0
Stock awards withheld for tax withholding								(64)	(64)
Amortization of restricted stock awards				225					225
Earned employee stock ownership plan shares				207			193		400
Balance at Dec. 31, 2023			$ 91	$ 41,235	$ 142,278	$ (13,191)	$ (870)	$ (61,836)	$ 107,707

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0.3	$ 0.24

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income		$ 6,005	$ 8,045
Adjustments to reconcile net income to cash provided by operating activities:
Provision for credit losses (1)	[1]	713	1,071
Depreciation		1,120	1,219
Amortization of premiums, net		720	993
Amortization of deferred loan fees		(147)	(831)
Amortization of mortgage servicing rights and servicing costs		832	909
Capitalized mortgage servicing rights		(555)	(615)
Deferred income tax expense		157	103
(Gains) losses recognized on equity securities, net		(157)	22
Gains on sale of premises and equipment		(18)	(6)
Gains on sale of real estate		(17)	(113)
Gain on sales of loans	[2]	(1,494)	(2,393)
Proceeds from sales of loans held for sale		66,714	92,669
Disbursements on loans held for sale		(60,708)	(71,062)
Amortization of restricted stock awards		225	227
Amortization of unearned ESOP shares		193	193
Earned ESOP shares priced above original cost		207	271
Increase in accrued interest receivable		(550)	(871)
Increase in accrued interest payable		2,101	235
Decrease in other assets		94	1,346
Decrease in other liabilities		(1,750)	(115)
Other, net		1	4
Net cash provided by operating activities		13,686	31,311
Cash flows from investing activities:
Principal collected on securities available for sale		36,464	44,698
Proceeds collected on maturity of securities available for sale		20,700	5,000
Purchases of securities available for sale		(19,043)	(35,043)
Purchase of Federal Home Loan Bank stock		(10,158)	(6,819)
Redemption of Federal Home Loan Bank stock		10,189	6,628
Proceeds from sales of real estate		237	403
Net increase in loans receivable		(74,769)	(139,715)
Proceeds from sale of premises and equipment		85	9
Purchases of premises and equipment		(691)	(342)
Net cash used by investing activities		(36,986)	(125,181)
Cash flows from financing activities:
(Decrease) increase in deposits		(5,133)	31,260
Treasury stock purchased		(629)	(2,134)
Stock awards withheld for tax withholding		(64)	(70)
Dividends to stockholders		(1,306)	(1,049)
Proceeds from borrowings		251,121	158,900
Repayment of borrowings		(237,921)	(158,900)
(Decrease) increase in customer escrows		(7,876)	7,979
Net cash (used) provided by financing activities		(1,808)	35,986
Decrease in cash and cash equivalents		(25,108)	(57,884)
Cash and cash equivalents, beginning of year		36,259	94,143
Cash and cash equivalents, end of year		11,151	36,259
Supplemental cash flow disclosures:
Cash paid for interest		10,620	1,764
Cash paid for income taxes		2,394	2,000
Supplemental noncash flow disclosures:
Loans transferred to loans held for sale		4,215	14,899
Transfer of loans to real estate		220	0
Right to use assets obtained in exchange for lease obligations		0	394
Core Deposits [Member]
Adjustments to reconcile net income to cash provided by operating activities:
Amortization of core deposit intangible		$ 0	$ 10
[1]The Company adopted Accounting Standard Update (ASU) 2016-13 as of January 1, 2023. The 2022 amount presented is calculated under the prior accounting standard.[2]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, 2023
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 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 7, 2024. 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 credit losses. Management believes that the allowance for credit losses is appropriate to cover probable losses that have been identified in connection with the loans individually reviewed as well as the expected losses in each identified pool of loans that have not 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. The expected credit losses on held to maturity debt securities is measured on a collective basis by major security type and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Securities Available for Sale Securities available for sale consist of securities not may Effective January 1, 2023, 326 326, first not not not zero no Under ASC 326, The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of securities available for sale. Accrued interest receivable on securities available for sale is reported as a component of accrued interest receivable on the consolidated balance sheet, totaled $0.5 million at December 31, 2023, Equity Securities Equity securities are carried at their fair market value and are included in the prepaid expenses and other assets line on the consolidated balance sheet. Any changes during the period recognized in other income on the consolidated statements of comprehensive income (loss). 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 interest 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 Company adopted Accounting Standards Update (ASU) 2016 13, Financial Instruments-Credit Losses (Topic 326 January 1, 2023, not not Collateral dependent loans are those for which the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. These loans do not not not may not 90 The Company’s total expected loss estimate is based, in part, on the maximum historical credit loss experience of each pool of loans over a full credit cycle and all available portfolio data is considered in the analysis. When historical credit loss experience is not may The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of loans. Accrued interest receivable on loans is reported as a component of accrued interest receivable on the consolidated balance sheet and totaled $3.0 million at December 31, 2023 See the “ New Accounting Pronouncements 1 Note 6 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 The Company adopted ASU 2022 02, Financial Instruments-Credit Losses (Topic 326 January 1, 2023. not not January 1, 2023 New Accounting Pronouncements 1 Note 6 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 tested for impairment annually at December 31st may may not no December 31, 2023 2022. 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 Accounting Standards Codification (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 2020. 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 (Loss) Comprehensive income (loss) is defined as the change in equity during a period from transactions and other events from non-owner sources. Comprehensive income (loss) is the total of net income and other comprehensive income (loss), which for the Company is comprised of unrealized gains and losses 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 December 2023, 2023 09, Income Taxes (Topic 740 Topic 740, December 15, 2024, December 31, 2025. In November 2023, 2023 07, Segment Reporting (Topic 280 Topic 280, not December 15, 2023, December 15, 2024, December 31, 2024. 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. 2016 13 January 1, 2023 Note 6 2023. 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. January 1, 2023 not January 1, 2023 Note 4 Note 6 2016 13. 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. 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, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2 The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers 606 606 The following table presents the Company’s sources of non-interest income for the years ended December 31, 2023 2022. 606 Year Ended December 31, (Dollars in thousands) 2023 2022 Non-interest income: Fees and service charges on deposit accounts $ 1,099 1,095 Other fees and service charges 528 416 Debit card interchange fees 1,725 1,711 Gain on sale of loans (1) 1,494 2,393 Loan servicing fees (1) 1,575 1,590 Uninsured investment product sales 1,505 1,396 Other 355 286 Total non-interest income $ 8,281 8,887 ( 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 In

Note 3 - Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 3 The components of other comprehensive income (loss) and the related tax effects were as follows: For the Years Ended December 31, 2023 2022 (Dollars in thousands Before Tax Tax Effect (1) Net of Tax Before Tax Tax Effect Net of Tax Securities available for sale: Unrealized gains (losses) arising during the period $ 7,916 1,346 6,570 (24,098 ) (5,920 ) (18,178 ) Other comprehensive income (loss) $ 7,916 1,346 6,570 (24,098 ) (5,920 ) (18,178 ) ( 1 The tax effect on gross unrealized gains (losses) was impacted by a change in the effective tax rate used in 2023

Note 4 - Securities Available f

Note 4 - Securities Available for Sale	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2023 Mortgage-backed securities: Federal National Mortgage Association (FNMA) $ 96,837 0 (9,704 ) 87,133 Federal Home Loan Mortgage Corporation (FHLMC) 82,495 0 (8,246 ) 74,249 Collateralized mortgage obligations: FNMA 34 0 (2 ) 32 179,366 0 (17,952 ) 161,414 Other marketable securities: U.S. Government agency obligations 54,112 120 (552 ) 53,680 54,112 120 (552 ) 53,680 $ 233,478 120 (18,504 ) 215,094 December 31, 2022 Mortgage-backed securities: FNMA $ 117,690 0 (12,754 ) 104,936 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 $ 272,319 0 (26,300 ) 246,019 The Company did not not 2023 2022. $250,000 December 31, 2023 2022, The following table presents the amortized cost and estimated fair value of securities available for sale at December 31, 2023, may may (Dollars in thousands) Amortized Cost Fair Due one year or less $ 64,814 60,590 Due after one year through five years 134,875 124,096 Due after five years through fifteen years 33,786 30,405 Due after fifteen years 3 3 Total $ 233,478 215,094 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 allocation of other marketable securities that have call features is based on the anticipated cash flows to the expected call date if it is anticipated that the security will be called, or to the maturity date if it is not 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, 2023 2022: 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, 2023 Mortgage backed securities: FNMA 0 $ 0 0 34 $ 87,133 (9,704 ) $ 87,133 (9,704 ) FHLMC 0 0 0 24 74,249 (8,246 ) 74,249 (8,246 ) Collateralized mortgage obligations: FNMA 0 0 0 1 32 (2 ) 32 (2 ) Other marketable securities: U.S. government and agency obligations 1 5,000 (9 ) 7 34,456 (543 ) 39,456 (552 ) Total 1 $ 5,000 (9 ) 66 $ 195,870 (18,495 ) $ 200,870 (18,504 ) 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 ) The Company reviews its investment portfolio on a quarterly basis for indications of impairment due to credit and noncredit-related factors. This review includes analyzing 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 As of December 31, 2023, not no no December 31, 2023. For the year ended December 31, 2022, not not

Note 5 - Loans Receivable, Net

Note 5 - Loans Receivable, Net	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 5 A summary of loans receivable at December 31, 2023 2022, (Dollars in thousands) 2023 2022 Single family real estate $ 264,303 205,890 Commercial real estate: Construction: Single family 23,305 28,425 Multi-family 23,484 1,699 Commercial real estate 19,712 16,421 Churches/community service 14,650 11,933 Commercial buildings/storage facilities 10,243 12,705 Land developments 25,362 30,230 Lodging 65,432 59,762 Manufacturing 21,043 23,478 Movie theaters 8,360 8,861 Multi-family 60,613 53,885 Nursing home/healthcare 24,391 24,528 Office 60,099 59,262 Restaurant/bar/cafe 7,941 8,622 Retail 45,859 47,959 Warehouse 48,833 51,002 Other (1) 30,626 32,573 489,953 471,345 Consumer: Home equity line 13,962 17,551 Home equity 12,090 10,865 Land/lot 5,077 4,146 Recreational vehicles 5,965 7,870 Other (1) 5,640 4,385 42,734 44,817 Commercial business 61,118 65,835 Total loans 858,108 787,887 Less: Unamortized discounts 15 13 Net deferred loan fees 577 519 Allowance for credit losses (2) 11,824 10,277 Total loans receivable, net $ 845,692 777,078 Commitments to originate or purchase loans $ 7,268 24,493 Commitments to deliver loans to secondary market $ 3,078 6,575 Weighted average contractual rate of loans in portfolio 4.88 % 4.51 % ( 1 Amounts under four million ( 2 The Company adopted Accounting Standards Update 2016 13 January 1, 2023. 2022 Included in total commitments to originate or purchase loans are fixed rate loans aggregating $7.3 million and $5.3 million as of December 31, 2023 2022, December 31, 2023 December 31, 2022. There were no loans to executive officers and directors of the Company as of December 31, 2023 2022. 2023, no At December 31, 2023 2022, The Company originates residential, commercial real estate and other loans primarily in Minnesota, Wisconsin and Iowa. At December 31, 2023 2022, 2023 2022 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Minnesota $ 233,026 88.2 % $ 177,139 86.0 % Wisconsin 23,880 9.0 23,030 11.2 Other states (1) 7,397 2.8 5,721 2.8 Total $ 264,303 100.0 % $ 205,890 100.0 % ( 1 Amounts under four million Other states . At December 31, 2023 2022, 2023 2022 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Colorado $ 5,865 1.2 % $ 6,031 1.3 % Florida 6,797 1.4 7,049 1.5 Idaho 4,718 1.0 4,712 1.0 Iowa 10,011 2.0 10,440 2.2 Minnesota 285,886 58.3 284,841 60.4 North Carolina 3,973 0.8 4,211 0.9 Wisconsin 162,456 33.2 143,076 30.4 Other states (1) 10,247 2.1 10,985 2.3 Total $ 489,953 100.0 % $ 471,345 100.0 % ( 1 Amounts under four million Other states .

Note 6 - Allowance for Credit L

Note 6 - Allowance for Credit Losses and Credit Quality Information	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Allowance For Loan Losses And Credit Quality Information [Text Block]	NOTE 6 The allowance for credit losses is summarized as follows: (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total 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 January 1, 2023 adoption of ASU 2016-13 $ (259 ) 512 (485 ) 1,302 1,070 Provision for losses 403 (24 ) 77 339 795 Charge-offs 0 0 (50 ) (334 ) (384 ) Recoveries 21 0 7 38 66 December 31, 2023 $ 1,426 7,514 607 2,277 11,824 Allocated to: Individual reserves $ 33 0 112 17 162 Collective reserves 1,228 7,026 946 915 10,115 Balance, December 31, 2022 $ 1,261 7,026 1,058 932 10,277 Allocated to: Individual reserves $ 28 0 103 297 428 Collective reserves 1,398 7,514 504 1,980 11,396 Balance, December 31, 2023 $ 1,426 7,514 607 2,277 11,824 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 Loans receivable at December 31, 2023: Individually reviewed for impairment $ 979 668 425 2,212 4,284 Collectively reviewed for impairment 263,324 489,285 42,309 58,906 853,824 Ending balance $ 264,303 489,953 42,734 61,118 858,108 In addition to the ACL on loans, the Company has established an ACL on unfunded commitments that is included in other liabilities on the consolidated balance sheets. This amount is determined based on an estimate of outstanding commitments that are anticipated to be funded as of the balance sheet date and multiplying those amounts by the loss rate for their loan category. The allowance for unfunded commitments at December 31, 2023 not The provision for credit losses is determined by the Company as the amount to be added to the ACL for various types of financial instruments including loans, investment securities, and off-balance sheet credit exposures after net charge-offs have been deducted to bring the ACL to a level that, in management’s judgment, is necessary to absorb expected credit losses over the lives of the respective financial instruments. No December 31, 2023. The following table presents the components of the provision for credit losses for the years ended December 31, 2023 December 31, 2022. (Dollars in thousands) 2023 2022 Provision for credit losses on: Loans (1) $ 795 1,071 Unfunded commitments (1) (82 ) 0 Total $ 713 1,071 ( 1 2016 13 January 1, 2023. 2022 The following table presents total loans by risk categories and year of origination as of December 31, 2023: (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Single family Unclassified $ 81,070 59,474 62,690 33,637 10,915 14,635 0 262,421 Special Mention 0 511 0 0 0 0 0 511 Substandard 64 546 0 79 182 462 0 1,333 Doubtful 0 0 0 0 24 14 0 38 Loss 0 0 0 0 0 0 0 0 81,134 60,531 62,690 33,716 11,121 15,111 0 264,303 Commercial Real Estate Unclassified 64,688 187,320 109,729 75,754 14,531 9,603 0 461,625 Special Mention 1,026 7,756 2,188 371 0 1,016 0 12,357 Substandard 2,225 388 292 10,867 637 1,562 0 15,971 Doubtful 0 0 0 0 0 0 0 0 Loss 0 0 0 0 0 0 0 0 67,939 195,464 112,209 86,992 15,168 12,181 0 489,953 Consumer Unclassified 9,913 7,583 1,606 1,870 2,369 4,778 14,170 42,289 Special Mention 20 0 0 0 0 0 0 20 Substandard 8 26 52 0 3 113 30 232 Doubtful 15 0 0 0 0 0 19 34 Loss 3 0 116 0 0 0 40 159 9,959 7,609 1,774 1,870 2,372 4,891 14,259 42,734 Current period gross write offs 0 1 0 0 0 49 0 50 Commercial Business Unclassified 12,404 6,967 3,539 3,317 217 288 30,160 56,892 Special Mention 0 0 0 0 0 0 0 0 Substandard 1,703 483 152 104 11 31 1,742 4,226 Doubtful 0 0 0 0 0 0 0 0 Loss 0 0 0 0 0 0 0 0 14,107 7,450 3,691 3,421 228 319 31,902 61,118 Current period gross write offs 174 0 0 0 0 0 160 334 Total Loans $ 173,139 271,054 180,364 125,999 28,889 32,502 46,161 858,108 The following table summarizes the amount of classified and unclassified loans at December 31, 2022: 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 Credit Quality Indicators The Company categorized loans into risk categories based on relevant information about the ability of borrowers to service their debt. The information considered includes information, such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company established a risk rating at origination for all commercial real estate and commercial business loans and management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt. Management also affirms the risk ratings for these loans on an annual basis. The Company uses the following definitions for classifying loans: Special Mention - Loans classified as special mention are loans that have potential weaknesses that, if left uncorrected, may Substandard - not Doubtful - Loss - Loans classified as loss are essentially uncollateralized and/or considered uncollectible and of such little value that continuance as an asset on the balance sheet may not Classified loans are categorized as special mention, substandard, doubtful, and loss. Loans classified as substandard, doubtful, or loss require the Bank to perform an analysis of the individual loan and charge off any loans, or portion thereof, that are deemed uncollectible. Loans not not The aging of past due loans at December 31, 2023 2022 (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, 2023 Single family $ 453 71 363 887 263,416 264,303 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 271,531 271,531 0 Other 0 0 399 399 218,023 218,422 0 Consumer 361 92 57 510 42,224 42,734 0 Commercial business 0 309 812 1,121 59,997 61,118 0 Total $ 814 472 1,631 2,917 855,191 858,108 0 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 The Company considers a loan to have defaulted when it becomes 90 may The following table presents the carrying value of collateral dependent individually analyzed loans and the related allowances for the year ended December 31, 2023: December 31, 2023 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 758 758 0 Commercial real estate: Other 668 668 0 Consumer 306 306 0 Loans with an allowance recorded: Single family 221 221 28 Consumer 119 119 103 Commercial business 2,212 2,546 297 Total: Single family 979 979 28 Commercial real estate: Other (1) 668 668 0 Consumer (2) 425 425 103 Commercial business (3) 2,212 2,546 297 Total $ 4,284 4,618 428 ( 1 ( 2 second ( 3 The following table presents, under previously applicable GAAP, loans individually evaluated for impairment by portfolio segment as of December 31, 2022: 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 (1) 179 179 0 2,226 11 Consumer (2) 492 492 112 497 15 Commercial business (3) 561 561 17 244 2 Total $ 2,140 2,158 162 3,571 40 ( 1 Secured by commercial land. ( 2 Secured by second ( 3 Secured by business equipment primarily related to the farming and trucking industries. At December 31, 2023 2022, no December 31, 2023 2022, 2023 2022, 2023 2022 not The following table summarizes non-accrual loans at December 31, 2023 2022: (Dollars in thousands) 2023 2022 Single family $ 762 908 Commercial real estate: Other 493 0 Consumer 376 441 Commercial business 2,187 529 Total $ 3,818 1,878 Occasionally, the Company provides modifications of loans to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows. Additional disclosures are applicable to situations where there is principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, or a combination of any of these items. If the Company modifies any loans to borrowers in financial distress that involves principal forgiveness, the amount of principal that is forgiven is charged off against the ACL. During the year ended December 31, 2023, six no no 2023. December 31, 2023 The following table summarizes the modification outstanding at December 31, 2023. (Dollars in thousands) Number of Outstanding December 31, 2023 Concessions Number of Loans Single family 1 $ 217 Rate reduction 1 Term extension 1 Commercial real estate 1 93 Payment deferral 1 Consumer 4 54 Rate reduction 1 Term extension 3 Payment deferral 1 $ 364

Note 7 - Accrued Interest Recei

Note 7 - Accrued Interest Receivable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Accrued Interest Receviable [Text Block]	NOTE 7 Accrued Interest Receivable Accrued interest receivable at December 31, 2023 2022 (Dollars in thousands) 2023 2022 Securities available for sale $ 521 418 Loans receivable 3,032 2,585 Total $ 3,553 3,003

Note 8 - Intangible Assets

Note 8 - Intangible Assets	12 Months Ended
	Dec. 31, 2023
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 2023 2022 (Dollars in thousands) 2023 2022 Mortgage servicing rights, net: Balance, beginning of year $ 2,986 3,280 Originations 555 615 Amortization (832 ) (909 ) Balance, end of year $ 2,709 2,986 Fair value of mortgage servicing rights $ 6,539 6,344 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, 2023: (Dollars in thousands) Loan Principal Balance Weighted Average Interest Rate Weighted Average Remaining Term (months) Number of Loans Original term: 15 year fixed rate $ 92,569 2.92 % 127 948 30 year fixed rate 441,889 3.87 303 2,721 The gross carrying amount of intangible assets and the associated accumulated amortization at December 31, 2023 2022 December 31, 2023 2022, December 31, 2023 2022 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets December 31, 2023 Mortgage servicing rights $ 6,226 (3,517 ) 2,709 Goodwill 802 0 802 Total $ 7,028 (3,517 ) 3,511 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 The following table indicates the estimated future amortization expense for mortgage servicing rights: (Dollars in thousands) Mortgage Servicing Rights Year ended December 31, 2024 $ 726 2025 658 2026 565 2027 396 2028 218 Thereafter 146 Total $ 2,709 Projections of amortization are based on asset balances and the interest rate environment that existed at December 31, 2023. may No not may December 31, 2023 not no

Note 9 - Premises and Equipment

Note 9 - Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 9 A summary of premises and equipment at December 31, 2023 2022 (Dollars in thousands) 2023 2022 Land $ 5,156 5,156 Office buildings and improvements 17,623 17,514 Furniture and equipment 12,055 12,684 34,834 35,354 Accumulated depreciation (18,839 ) (18,862 ) Total $ 15,995 16,492

Note 10 - Leases

Note 10 - Leases	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 10 The Company accounts for its leases in accordance with ASC Topic 842. The Company’s leases relate to office space and bank branches with remaining lease terms between eight forty-seven three ten not not December 31, 2023 December 31, 2023 2022. The table below summarizes other information related to our operating leases for the years ended December 31, 2023 2022. (Dollars in thousands) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 223 226 Weighted-average remaining lease term – operating leases, in years 2.0 2.8 Weighted-average discount rate – operating leases 2.71 % 2.64 % The table below summarizes the maturity of remaining lease liabilities: (Dollars in thousands) December 31, 2023 2024 $ 212 2025 58 2026 27 2027 25 2028 and thereafter 0 Total lease payments 322 Less: Interest (9 ) Present value of lease liabilities $ 313

Note 11 - Deposits

Note 11 - Deposits	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	NOTE 11 Deposits and their weighted average interest rates at December 31, 2023 2022 2023 2022 (Dollars in thousands) Weighted Average Rate Amount Percent of Total Weighted Average Rate Amount Percent of Total Noninterest checking 0.00 % $ 244,015 25.0 % 0.00 % $ 325,603 33.2 % Interest checking 0.85 140,975 14.4 0.38 147,497 15.0 Savings accounts 0.11 107,864 11.1 0.08 123,389 12.6 Money market accounts 2.16 249,246 25.5 0.73 253,498 25.8 742,100 76.0 849,987 86.6 Certificates by rate: 0-0.99% 17,699 1.8 53,645 5.4 1-1.99% 5,164 0.5 8,049 0.8 2-2.99% 2,652 0.3 3,521 0.4 3-3.99% 17,163 1.8 5,493 0.6 4-4.99% 96,806 9.9 61,231 6.2 5-5.99% 95,209 9.7 0 0.0 Total certificates 4.43 234,693 24.0 2.59 131,939 13.4 Total deposits 1.75 $ 976,793 100.0 % 0.60 $ 981,926 100.0 % At December 31, 2023 2022 $250,000 December 31, 2023 2022, Certificates had the following maturities at December 31, 2023 2022: 2023 2022 (Dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Remaining term to maturity 2024 $ 187,673 4.46 % 2023 $ 72,737 1.86 % 2025 34,567 4.40 2024 47,563 3.60 2026 11,505 4.36 2025 10,101 3.32 2027 639 0.63 2026 747 0.45 2028 309 1.62 2027 777 0.73 2029 and herafter 0 0.00 2028 and hereafter 15 0.28 Total $ 234,693 4.43 $ 131,939 2.59 At December 31, 2023 2022, Deposits from directors, executive officers and their related parties held by the Company at December 31, 2023 2022 Interest expense on deposits is summarized as follows for the years ended December 31, 2023 2022: (Dollars in thousands) 2023 2022 Checking accounts $ 1,037 220 Savings accounts 110 75 Money market accounts 4,577 882 Certificate accounts 6,566 555 Total $ 12,290 1,732

Note 12 - Federal Home Loan Ban

Note 12 - Federal Home Loan Bank (FHLB) Advances and Other Borrowings	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 12 The Bank had $13.2 million in overnight advances from the FHLB at a rate of 5.64% at December 31, 2023 December 31, 2022. December 31, 2023 2022 December 31, 2023 2022,

Note 13 - Income Taxes

Note 13 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 13 Income tax expense for the years ended December 31, 2023 2022 (Dollars in thousands) 2023 2022 Current: Federal $ 2,143 2,123 State 815 1,000 Total current 2,958 3,123 Deferred: Federal (81 ) 2 State (329 ) 101 Total deferred (410 ) 103 Income tax expense $ 2,548 3,226 The reasons for the difference between the expected income tax expense utilizing the federal corporate tax rate of 21% (Dollars in thousands) 2023 2022 Expected federal income tax expense $ 1,796 2,367 Items affecting federal income tax: State income taxes, net of federal income tax deduction 557 899 Other, net 195 (40 ) Income tax expense $ 2,548 3,226 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) 2023 2022 Deferred tax assets: Allowances for credit losses $ 3,337 2,899 Deferred compensation costs 144 120 Deferred ESOP loan asset 315 361 Non-accruing loan interest 163 179 Net unrealized loss on securities available for sale 5,149 6,539 State net operating loss carry-forward 39 0 Other 101 110 Total gross deferred tax assets 9,248 10,208 Valuation allowance (283 ) 0 Deferred tax assets, net of valuation allowance 8,965 10,208 Deferred tax liabilities: Deferred loan costs 241 243 Premises and equipment basis difference 570 618 Originated mortgage servicing rights 764 843 Other 219 157 Total gross deferred tax liabilities 1,794 1,861 Net deferred tax assets $ 7,171 8,347 The Company has no federal net operating loss carryforwards at December 31, 2023. Retained earnings at December 31, 2023 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. A valuation allowance is required to be recognized, under GAAP, if it is “more likely than not” not three 2023. $5 December 31, 2023 may may

Note 14 - Employee Benefits

Note 14 - Employee Benefits	12 Months Ended
	Dec. 31, 2023
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, 2023 2022 not July 1 2023 2022 The Company has a qualified, tax-exempt savings plan with a deferred feature qualifying under Section 401 401 401 401 2023 2022, 50 three 2023 2022. The Company has adopted an Employee Stock Ownership Plan (the ESOP) that meets the requirements of Section 4975 7 407 6 1994. 1998 2023 2022. 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 2023 2022. All employees of the Bank are eligible to participate in the ESOP after they attain age 18 and complete one 1,000 December 31: 2023 2022 Shares held by participants beginning of the year 361,069 353,677 Shares allocated to participants 24,318 24,318 Shares purchased with dividends received on allocated shares 7,005 3,540 Shares distributed to participants (19,849 ) (20,466 ) Shares held by participants end of year 372,543 361,069 Unreleased shares beginning of the year 133,782 158,100 Shares released during year (24,318 ) (24,318 ) Unreleased shares end of year 109,464 133,782 Total ESOP shares end of year 482,007 494,851 Fair value of unreleased shares at December 31 $ 2,517,672 2,854,908 The Company maintains two 2009 2009 2017 2017 The 2009 April 2017 2017 no 2009 December 31, 2023 2009 Initially there were 375,000 shares of HMN common stock available for issuance pursuant to awards under the 2017 2017 December 31, 2023, 2017 2017 December 31, 2023. 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, 2021 0 0 34,229 $ 11.21 December 31, 2022 0 0 34,229 $ 11.21 December 31, 2023 0 0 34,229 $ 11.21 2017 Plan 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 Granted January 24, 2023 (9,843 ) 6,562 0 3 Granted April 25, 2023 (4,122 ) 2,748 0 1 Vested 0 (10,329 ) 0 December 31, 2023 318,040 18,035 0 N/A Total all plans 318,040 18,035 34,229 $ 11.21 There were 34,229 vested and exercisable options outstanding at December 31, 2023. January 26, 2016, In accordance with ASC 718, 2023 2022.

Note 15 - Earnings Per Common S

Note 15 - Earnings Per Common Share	12 Months Ended
	Dec. 31, 2023
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) 2023 2022 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,350,215 4,358,022 Net dilutive effect of: Options 14,807 17,847 Restricted stock awards 12,066 13,601 Weighted average number of common shares outstanding adjusted for effect of dilutive securities 4,377,088 4,389,470 Income available to common shareholders $ 6,005 8,045 Basic earnings per common share 1.38 1.85 Diluted earnings per common share 1.37 1.83

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	NOTE 16 In February 2023, not no 2023 2022. December 31, 2023 2023 2022. In January 2024, March 6, 2024 February 13, 2024. 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, 2023
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 Board of Governors of the Federal Reserve Bank in its Small Bank Holding Company Policy Statement (Policy Statement) has exempted 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, 2023 2022, 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, 2023 Common equity Tier 1 capital $ 104,005 11.54 % $ 40,542 4.50 % $ 63,463 7.04 % $ 58,560 6.50 % Tier 1 leverage 104,005 9.08 45,823 4.00 58,182 5.08 57,279 5.00 Tier 1 risk-based capital 104,005 11.54 54,056 6.00 49,949 5.54 72,074 8.00 Total risk-based capital 115,274 12.80 72,074 8.00 43,200 4.80 90,093 10.00 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 ( 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, 2023, no December 31, 2023,

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
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 consolidated 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, 2023 2022 Contract Amount (Dollars in thousands) 2023 2022 Financial instruments whose contract amount represents credit risk: Commitments to originate, fund or purchase loans: Single family $ 2,072 6,220 Commercial real estate 5,196 17,656 Commercial business 0 617 Undisbursed balance of loans closed 61,681 92,774 Unused lines of credit 90,940 103,841 Letters of credit 7,558 11,832 Total commitments to extend credit $ 167,447 232,940 Forward commitments $ 3,078 6,575 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 24 December 31, 2023 December 31, 2022. may not The Company has certain obligations and commitments to make future payments under existing contracts. At December 31, 2023, 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 $ 322 212 110 0 0 Total contractual obligations $ 322 212 110 0 0 Amount of Commitments Expiring by Period Other Commercial Commitments: Commercial lines of credit $ 62,225 39,582 22,643 0 0 Commitments to lend 52,319 14,485 9,342 5,729 22,763 Standby letters of credit 7,558 6,951 607 0 0 Total other commercial commitments $ 122,102 61,018 32,592 5,729 22,763 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, 2023
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, 2023 2022 not As of December 31, 2023 2022, not not December 31, 2023 2022 not

Note 20 - Fair Value Measuremen

Note 20 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
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, 2023 2022. Carrying Value at December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 215,094 0 215,094 0 Equity securities 382 0 382 0 Mortgage loan commitments 7 0 7 0 Total $ 215,483 0 215,483 0 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 The Company may 2023 2022 December 31, December 31, 2023 2022. Carrying Value at December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2023 Total Gains (Losses) Loans held for sale $ 1,006 0 1,006 0 26 Mortgage servicing rights, net 2,709 0 0 2,709 0 Collateral dependent loans 3,856 0 3,856 0 (287 ) Total $ 7,571 0 4,862 2,709 (261 ) 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 0 2,986 0 Collateral dependent loans 1,978 0 1,978 0 (46 ) Total $ 6,278 0 3,292 2,986 (43 )

Note 21 - Fair Value of Financi

Note 21 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	NOTE 21 ASC 825, Disclosures about Fair Values of Financial Instruments December 31, 2023 December 31, 2022 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, 2023 December 31, 2022 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 $ 11,151 11,151 11,151 36,259 36,259 Securities available for sale 215,094 215,094 215,094 246,019 246,019 Equity securities 382 382 382 225 225 Loans held for sale 1,006 1,006 1,006 1,314 1,314 Loans receivable, net 845,692 778,952 778,952 777,078 724,497 FHLB stock 1,252 1,252 1,252 1,283 1,283 Accrued interest receivable 3,553 3,553 3,553 3,003 3,003 Mortgage servicing assets 2,709 6,539 6,539 2,986 6,344 Financial liabilities: Deposits 976,793 975,963 975,963 981,926 983,420 FHLB advances and other borrowings 13,200 13,200 13,200 0 0 Accrued interest payable 2,399 2,399 2,399 298 298 Off-balance sheet financial instruments: Commitments to extend credit 7 7 167,447 (28 ) (28 ) 232,940 Commitments to sell loans (17 ) (17 ) 3,078 8 8 6,575 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 determined by a third 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, with the exception of those loans that adjust on a daily basis, 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. 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 Mortgage Servicing Assets The fair values of mortgage servicing assets were calculated by a third 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 in the marketplace for deposits of similar remaining maturities based on a discounted cash flow calculation. FHLB Advances and Other Borrowings The fair values of advances and borrowings with fixed maturities are estimated based on a discounted cash flow analysis using as discount rates the interest rates charged by the FHLB for borrowing of similar remaining terms. The carrying amount of overnight advances approximates their fair value. 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, 2023
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, 2023 2022. (Dollars in thousands) 2023 2022 Condensed Balance Sheets Assets: Cash and cash equivalents $ 16,287 15,250 Investment in subsidiaries 91,500 81,190 Prepaid expenses and other assets 56 1,046 Total assets $ 107,843 97,486 Liabilities and Stockholders' Equity: Accrued expenses and other liabilities $ 136 150 Total liabilities 136 150 Common stock 91 91 Additional paid-in capital 41,235 41,013 Retained earnings 142,278 138,409 Net unrealized losses on securities available for sale (13,191 ) (19,761 ) Unearned employee stock ownership plan shares (870 ) (1,063 ) Treasury stock, at cost, 4,670,757 4,647,686 (61,836 ) (61,353 ) Total stockholders' equity 107,707 97,336 Total liabilities and stockholders' equity $ 107,843 97,486 Condensed Statements of Income Interest income $ 321 43 Equity income of subsidiaries 6,570 8,500 Compensation and benefits (273 ) (272 ) Occupancy and equipment (32 ) (30 ) Data processing (8 ) (6 ) Professional services (129 ) (125 ) Other (433 ) (404 ) Income before income tax (expense) benefit 6,016 7,706 Income tax (expense) benefit (11 ) 339 Net income $ 6,005 8,045 Condensed Statements of Cash Flows Cash flows from operating activities: Net income $ 6,005 8,045 Adjustments to reconcile net income to cash used by operating activities: Equity income of subsidiaries (6,570 ) (8,500 ) Deferred income tax benefit 0 4 Amortization of restricted stock awards 225 227 Amortization of unearned ESOP shares 193 193 Earned employee stock ownership shares priced above original cost 207 271 Decrease (increase) in other assets 990 (261 ) Decrease in other liabilities (14 ) (13 ) Other, net 0 (1 ) Net cash provided (used) by operating activities 1,036 (35 ) Cash flows from financing activities: Treasury stock purchased (629 ) (2,134 ) Stock awards withheld for tax withholding (64 ) (70 ) Dividends to stockholders (1,306 ) (1,049 ) Dividends received from Bank 2,000 6,000 Net cash provided by financing activities 1 2,747 Increase in cash and cash equivalents 1,037 2,712 Cash and cash equivalents, beginning of year 15,250 12,538 Cash and cash equivalents, end of year $ 16,287 15,250

Note 23 - Business Segments

Note 23 - Business Segments	12 Months Ended
	Dec. 31, 2023
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, 2023: Interest income – external customers $ 43,477 0 0 43,477 Non-interest income – external customers 8,281 0 0 8,281 Intersegment interest income 0 321 (321 ) 0 Intersegment non-interest income 272 6,570 (6,842 ) 0 Interest expense 13,041 0 (321 ) 12,720 Provision for credit losses 713 0 0 713 Non-interest expense 29,169 875 (272 ) 29,772 Income tax expense 2,537 11 0 2,548 Net income 6,570 6,005 (6,570 ) 6,005 Total assets 1,107,124 107,843 (107,832 ) 1,107,135 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 credit 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

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	9B. OTHER INFORMATION None 16a 1 10b5 1 10b5 1 408 December 31, 2023.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
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 credit losses. Management believes that the allowance for credit losses is appropriate to cover probable losses that have been identified in connection with the loans individually reviewed as well as the expected losses in each identified pool of loans that have not 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. The expected credit losses on held to maturity debt securities is measured on a collective basis by major security type and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Securities Available for Sale Securities available for sale consist of securities not may Effective January 1, 2023, 326 326, first not not not zero no Under ASC 326, The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of securities available for sale. Accrued interest receivable on securities available for sale is reported as a component of accrued interest receivable on the consolidated balance sheet, totaled $0.5 million at December 31, 2023, Equity Securities Equity securities are carried at their fair market value and are included in the prepaid expenses and other assets line on the consolidated balance sheet. Any changes during the period recognized in other income on the consolidated statements of comprehensive income (loss).
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 interest 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 Company adopted Accounting Standards Update (ASU) 2016 13, Financial Instruments-Credit Losses (Topic 326 January 1, 2023, not not Collateral dependent loans are those for which the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. These loans do not not not may not 90 The Company’s total expected loss estimate is based, in part, on the maximum historical credit loss experience of each pool of loans over a full credit cycle and all available portfolio data is considered in the analysis. When historical credit loss experience is not may The Company made an accounting policy election to exclude accrued interest receivable from the amortized cost basis of loans. Accrued interest receivable on loans is reported as a component of accrued interest receivable on the consolidated balance sheet and totaled $3.0 million at December 31, 2023 See the “ New Accounting Pronouncements 1 Note 6 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 The Company adopted ASU 2022 02, Financial Instruments-Credit Losses (Topic 326 January 1, 2023. not not January 1, 2023 New Accounting Pronouncements 1 Note 6 2022 02 January 1, 2023.
Transfers and Servicing of Financial Assets, 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 tested for impairment annually at December 31st may may not no December 31, 2023 2022.
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 Accounting Standards Codification (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 2020.
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 Income (Loss) Comprehensive income (loss) is defined as the change in equity during a period from transactions and other events from non-owner sources. Comprehensive income (loss) is the total of net income and other comprehensive income (loss), which for the Company is comprised of unrealized gains and losses 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 December 2023, 2023 09, Income Taxes (Topic 740 Topic 740, December 15, 2024, December 31, 2025. In November 2023, 2023 07, Segment Reporting (Topic 280 Topic 280, not December 15, 2023, December 15, 2024, December 31, 2024. 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. 2016 13 January 1, 2023 Note 6 2023. 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. January 1, 2023 not January 1, 2023 Note 4 Note 6 2016 13. 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. 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, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, (Dollars in thousands) 2023 2022 Non-interest income: Fees and service charges on deposit accounts $ 1,099 1,095 Other fees and service charges 528 416 Debit card interchange fees 1,725 1,711 Gain on sale of loans (1) 1,494 2,393 Loan servicing fees (1) 1,575 1,590 Uninsured investment product sales 1,505 1,396 Other 355 286 Total non-interest income $ 8,281 8,887

Note 3 - Other Comprehensive _2

Note 3 - Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	For the Years Ended December 31, 2023 2022 (Dollars in thousands Before Tax Tax Effect (1) Net of Tax Before Tax Tax Effect Net of Tax Securities available for sale: Unrealized gains (losses) arising during the period $ 7,916 1,346 6,570 (24,098 ) (5,920 ) (18,178 ) Other comprehensive income (loss) $ 7,916 1,346 6,570 (24,098 ) (5,920 ) (18,178 )

Note 4 - Securities Available_2

Note 4 - Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 Mortgage-backed securities: Federal National Mortgage Association (FNMA) $ 96,837 0 (9,704 ) 87,133 Federal Home Loan Mortgage Corporation (FHLMC) 82,495 0 (8,246 ) 74,249 Collateralized mortgage obligations: FNMA 34 0 (2 ) 32 179,366 0 (17,952 ) 161,414 Other marketable securities: U.S. Government agency obligations 54,112 120 (552 ) 53,680 54,112 120 (552 ) 53,680 $ 233,478 120 (18,504 ) 215,094 December 31, 2022 Mortgage-backed securities: FNMA $ 117,690 0 (12,754 ) 104,936 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 $ 272,319 0 (26,300 ) 246,019
Gain (Loss) on Securities [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, 2023 Mortgage backed securities: FNMA 0 $ 0 0 34 $ 87,133 (9,704 ) $ 87,133 (9,704 ) FHLMC 0 0 0 24 74,249 (8,246 ) 74,249 (8,246 ) Collateralized mortgage obligations: FNMA 0 0 0 1 32 (2 ) 32 (2 ) Other marketable securities: U.S. government and agency obligations 1 5,000 (9 ) 7 34,456 (543 ) 39,456 (552 ) Total 1 $ 5,000 (9 ) 66 $ 195,870 (18,495 ) $ 200,870 (18,504 ) 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 )
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 $ 64,814 60,590 Due after one year through five years 134,875 124,096 Due after five years through fifteen years 33,786 30,405 Due after fifteen years 3 3 Total $ 233,478 215,094

Note 5 - Loans Receivable, Net

Note 5 - Loans Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Summary of Loans Receivable [Table Text Block]	(Dollars in thousands) 2023 2022 Single family real estate $ 264,303 205,890 Commercial real estate: Construction: Single family 23,305 28,425 Multi-family 23,484 1,699 Commercial real estate 19,712 16,421 Churches/community service 14,650 11,933 Commercial buildings/storage facilities 10,243 12,705 Land developments 25,362 30,230 Lodging 65,432 59,762 Manufacturing 21,043 23,478 Movie theaters 8,360 8,861 Multi-family 60,613 53,885 Nursing home/healthcare 24,391 24,528 Office 60,099 59,262 Restaurant/bar/cafe 7,941 8,622 Retail 45,859 47,959 Warehouse 48,833 51,002 Other (1) 30,626 32,573 489,953 471,345 Consumer: Home equity line 13,962 17,551 Home equity 12,090 10,865 Land/lot 5,077 4,146 Recreational vehicles 5,965 7,870 Other (1) 5,640 4,385 42,734 44,817 Commercial business 61,118 65,835 Total loans 858,108 787,887 Less: Unamortized discounts 15 13 Net deferred loan fees 577 519 Allowance for credit losses (2) 11,824 10,277 Total loans receivable, net $ 845,692 777,078 Commitments to originate or purchase loans $ 7,268 24,493 Commitments to deliver loans to secondary market $ 3,078 6,575 Weighted average contractual rate of loans in portfolio 4.88 % 4.51 %
Schedule of Loans and Leases Receivable, Single Family and Multi Family Residential Loans by Location [Table Text Block]	2023 2022 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Minnesota $ 233,026 88.2 % $ 177,139 86.0 % Wisconsin 23,880 9.0 23,030 11.2 Other states (1) 7,397 2.8 5,721 2.8 Total $ 264,303 100.0 % $ 205,890 100.0 %
Schedule of Loans and Leases Receivables Gross Carrying Amount, Commercial Real Estate by Location [Table Text Block]	2023 2022 (Dollars in thousands) Amount Percent of Total Amount Percent of Total Colorado $ 5,865 1.2 % $ 6,031 1.3 % Florida 6,797 1.4 7,049 1.5 Idaho 4,718 1.0 4,712 1.0 Iowa 10,011 2.0 10,440 2.2 Minnesota 285,886 58.3 284,841 60.4 North Carolina 3,973 0.8 4,211 0.9 Wisconsin 162,456 33.2 143,076 30.4 Other states (1) 10,247 2.1 10,985 2.3 Total $ 489,953 100.0 % $ 471,345 100.0 %

Note 6 - Allowance for Credit_2

Note 6 - Allowance for Credit Losses and Credit Quality Information (Tables)	12 Months Ended
	Dec. 31, 2023
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, 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 January 1, 2023 adoption of ASU 2016-13 $ (259 ) 512 (485 ) 1,302 1,070 Provision for losses 403 (24 ) 77 339 795 Charge-offs 0 0 (50 ) (334 ) (384 ) Recoveries 21 0 7 38 66 December 31, 2023 $ 1,426 7,514 607 2,277 11,824 Allocated to: Individual reserves $ 33 0 112 17 162 Collective reserves 1,228 7,026 946 915 10,115 Balance, December 31, 2022 $ 1,261 7,026 1,058 932 10,277 Allocated to: Individual reserves $ 28 0 103 297 428 Collective reserves 1,398 7,514 504 1,980 11,396 Balance, December 31, 2023 $ 1,426 7,514 607 2,277 11,824 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 Loans receivable at December 31, 2023: Individually reviewed for impairment $ 979 668 425 2,212 4,284 Collectively reviewed for impairment 263,324 489,285 42,309 58,906 853,824 Ending balance $ 264,303 489,953 42,734 61,118 858,108
Provision for Credit Losses [Table Text Block]	(Dollars in thousands) 2023 2022 Provision for credit losses on: Loans (1) $ 795 1,071 Unfunded commitments (1) (82 ) 0 Total $ 713 1,071
Financing Receivable Credit Quality Indicators [Table Text Block]	(Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Single family Unclassified $ 81,070 59,474 62,690 33,637 10,915 14,635 0 262,421 Special Mention 0 511 0 0 0 0 0 511 Substandard 64 546 0 79 182 462 0 1,333 Doubtful 0 0 0 0 24 14 0 38 Loss 0 0 0 0 0 0 0 0 81,134 60,531 62,690 33,716 11,121 15,111 0 264,303 Commercial Real Estate Unclassified 64,688 187,320 109,729 75,754 14,531 9,603 0 461,625 Special Mention 1,026 7,756 2,188 371 0 1,016 0 12,357 Substandard 2,225 388 292 10,867 637 1,562 0 15,971 Doubtful 0 0 0 0 0 0 0 0 Loss 0 0 0 0 0 0 0 0 67,939 195,464 112,209 86,992 15,168 12,181 0 489,953 Consumer Unclassified 9,913 7,583 1,606 1,870 2,369 4,778 14,170 42,289 Special Mention 20 0 0 0 0 0 0 20 Substandard 8 26 52 0 3 113 30 232 Doubtful 15 0 0 0 0 0 19 34 Loss 3 0 116 0 0 0 40 159 9,959 7,609 1,774 1,870 2,372 4,891 14,259 42,734 Current period gross write offs 0 1 0 0 0 49 0 50 Commercial Business Unclassified 12,404 6,967 3,539 3,317 217 288 30,160 56,892 Special Mention 0 0 0 0 0 0 0 0 Substandard 1,703 483 152 104 11 31 1,742 4,226 Doubtful 0 0 0 0 0 0 0 0 Loss 0 0 0 0 0 0 0 0 14,107 7,450 3,691 3,421 228 319 31,902 61,118 Current period gross write offs 174 0 0 0 0 0 160 334 Total Loans $ 173,139 271,054 180,364 125,999 28,889 32,502 46,161 858,108 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
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, 2023 Single family $ 453 71 363 887 263,416 264,303 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 271,531 271,531 0 Other 0 0 399 399 218,023 218,422 0 Consumer 361 92 57 510 42,224 42,734 0 Commercial business 0 309 812 1,121 59,997 61,118 0 Total $ 814 472 1,631 2,917 855,191 858,108 0 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
Collateral Dependent Loans [Table Text Block]	December 31, 2023 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 758 758 0 Commercial real estate: Other 668 668 0 Consumer 306 306 0 Loans with an allowance recorded: Single family 221 221 28 Consumer 119 119 103 Commercial business 2,212 2,546 297 Total: Single family 979 979 28 Commercial real estate: Other (1) 668 668 0 Consumer (2) 425 425 103 Commercial business (3) 2,212 2,546 297 Total $ 4,284 4,618 428
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 (1) 179 179 0 2,226 11 Consumer (2) 492 492 112 497 15 Commercial business (3) 561 561 17 244 2 Total $ 2,140 2,158 162 3,571 40
Financing Receivable, Nonaccrual [Table Text Block]	(Dollars in thousands) 2023 2022 Single family $ 762 908 Commercial real estate: Other 493 0 Consumer 376 441 Commercial business 2,187 529 Total $ 3,818 1,878
Financing Receivable, Modified [Table Text Block]	(Dollars in thousands) Number of Outstanding December 31, 2023 Concessions Number of Loans Single family 1 $ 217 Rate reduction 1 Term extension 1 Commercial real estate 1 93 Payment deferral 1 Consumer 4 54 Rate reduction 1 Term extension 3 Payment deferral 1 $ 364

Note 7 - Accrued Interest Rec_2

Note 7 - Accrued Interest Receivable (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Accrued Interest Receivable [Table Text Block]	(Dollars in thousands) 2023 2022 Securities available for sale $ 521 418 Loans receivable 3,032 2,585 Total $ 3,553 3,003

Note 8 - Intangible Assets (Tab

Note 8 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Servicing Liability at Amortized Cost [Table Text Block]	(Dollars in thousands) 2023 2022 Mortgage servicing rights, net: Balance, beginning of year $ 2,986 3,280 Originations 555 615 Amortization (832 ) (909 ) Balance, end of year $ 2,709 2,986 Fair value of mortgage servicing rights $ 6,539 6,344
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 $ 92,569 2.92 % 127 948 30 year fixed rate 441,889 3.87 303 2,721
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets December 31, 2023 Mortgage servicing rights $ 6,226 (3,517 ) 2,709 Goodwill 802 0 802 Total $ 7,028 (3,517 ) 3,511 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
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(Dollars in thousands) Mortgage Servicing Rights Year ended December 31, 2024 $ 726 2025 658 2026 565 2027 396 2028 218 Thereafter 146 Total $ 2,709

Note 9 - Premises and Equipme_2

Note 9 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	(Dollars in thousands) 2023 2022 Land $ 5,156 5,156 Office buildings and improvements 17,623 17,514 Furniture and equipment 12,055 12,684 34,834 35,354 Accumulated depreciation (18,839 ) (18,862 ) Total $ 15,995 16,492

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Other Information Related to Operating Leases [Table Text Block]	(Dollars in thousands) 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 223 226 Weighted-average remaining lease term – operating leases, in years 2.0 2.8 Weighted-average discount rate – operating leases 2.71 % 2.64 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	(Dollars in thousands) December 31, 2023 2024 $ 212 2025 58 2026 27 2027 25 2028 and thereafter 0 Total lease payments 322 Less: Interest (9 ) Present value of lease liabilities $ 313

Note 11 - Deposits (Tables)

Note 11 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Deposits and Weighted Average Interest Rates [Table Text Block]	2023 2022 (Dollars in thousands) Weighted Average Rate Amount Percent of Total Weighted Average Rate Amount Percent of Total Noninterest checking 0.00 % $ 244,015 25.0 % 0.00 % $ 325,603 33.2 % Interest checking 0.85 140,975 14.4 0.38 147,497 15.0 Savings accounts 0.11 107,864 11.1 0.08 123,389 12.6 Money market accounts 2.16 249,246 25.5 0.73 253,498 25.8 742,100 76.0 849,987 86.6 Certificates by rate: 0-0.99% 17,699 1.8 53,645 5.4 1-1.99% 5,164 0.5 8,049 0.8 2-2.99% 2,652 0.3 3,521 0.4 3-3.99% 17,163 1.8 5,493 0.6 4-4.99% 96,806 9.9 61,231 6.2 5-5.99% 95,209 9.7 0 0.0 Total certificates 4.43 234,693 24.0 2.59 131,939 13.4 Total deposits 1.75 $ 976,793 100.0 % 0.60 $ 981,926 100.0 %
Scheduled Maturities of Certificates of Deposit [Table Text Block]	2023 2022 (Dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Remaining term to maturity 2024 $ 187,673 4.46 % 2023 $ 72,737 1.86 % 2025 34,567 4.40 2024 47,563 3.60 2026 11,505 4.36 2025 10,101 3.32 2027 639 0.63 2026 747 0.45 2028 309 1.62 2027 777 0.73 2029 and herafter 0 0.00 2028 and hereafter 15 0.28 Total $ 234,693 4.43 $ 131,939 2.59
Schedule of Interest Expense Domestic Deposit Liabilities [Table Text Block]	(Dollars in thousands) 2023 2022 Checking accounts $ 1,037 220 Savings accounts 110 75 Money market accounts 4,577 882 Certificate accounts 6,566 555 Total $ 12,290 1,732

Note 13 - Income Taxes (Tables)

Note 13 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(Dollars in thousands) 2023 2022 Current: Federal $ 2,143 2,123 State 815 1,000 Total current 2,958 3,123 Deferred: Federal (81 ) 2 State (329 ) 101 Total deferred (410 ) 103 Income tax expense $ 2,548 3,226
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	(Dollars in thousands) 2023 2022 Expected federal income tax expense $ 1,796 2,367 Items affecting federal income tax: State income taxes, net of federal income tax deduction 557 899 Other, net 195 (40 ) Income tax expense $ 2,548 3,226
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(Dollars in thousands) 2023 2022 Deferred tax assets: Allowances for credit losses $ 3,337 2,899 Deferred compensation costs 144 120 Deferred ESOP loan asset 315 361 Non-accruing loan interest 163 179 Net unrealized loss on securities available for sale 5,149 6,539 State net operating loss carry-forward 39 0 Other 101 110 Total gross deferred tax assets 9,248 10,208 Valuation allowance (283 ) 0 Deferred tax assets, net of valuation allowance 8,965 10,208 Deferred tax liabilities: Deferred loan costs 241 243 Premises and equipment basis difference 570 618 Originated mortgage servicing rights 764 843 Other 219 157 Total gross deferred tax liabilities 1,794 1,861 Net deferred tax assets $ 7,171 8,347

Note 14 - Employee Benefits (Ta

Note 14 - Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	2023 2022 Shares held by participants beginning of the year 361,069 353,677 Shares allocated to participants 24,318 24,318 Shares purchased with dividends received on allocated shares 7,005 3,540 Shares distributed to participants (19,849 ) (20,466 ) Shares held by participants end of year 372,543 361,069 Unreleased shares beginning of the year 133,782 158,100 Shares released during year (24,318 ) (24,318 ) Unreleased shares end of year 109,464 133,782 Total ESOP shares end of year 482,007 494,851 Fair value of unreleased shares at December 31 $ 2,517,672 2,854,908
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, 2021 0 0 34,229 $ 11.21 December 31, 2022 0 0 34,229 $ 11.21 December 31, 2023 0 0 34,229 $ 11.21 2017 Plan 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 Granted January 24, 2023 (9,843 ) 6,562 0 3 Granted April 25, 2023 (4,122 ) 2,748 0 1 Vested 0 (10,329 ) 0 December 31, 2023 318,040 18,035 0 N/A Total all plans 318,040 18,035 34,229 $ 11.21

Note 15 - Earnings Per Common_2

Note 15 - Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year ended December 31, (Dollars in thousands, except per share data) 2023 2022 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,350,215 4,358,022 Net dilutive effect of: Options 14,807 17,847 Restricted stock awards 12,066 13,601 Weighted average number of common shares outstanding adjusted for effect of dilutive securities 4,377,088 4,389,470 Income available to common shareholders $ 6,005 8,045 Basic earnings per common share 1.38 1.85 Diluted earnings per common share 1.37 1.83

Note 17 - Regulatory Capital _2

Note 17 - Regulatory Capital and Oversight (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 Common equity Tier 1 capital $ 104,005 11.54 % $ 40,542 4.50 % $ 63,463 7.04 % $ 58,560 6.50 % Tier 1 leverage 104,005 9.08 45,823 4.00 58,182 5.08 57,279 5.00 Tier 1 risk-based capital 104,005 11.54 54,056 6.00 49,949 5.54 72,074 8.00 Total risk-based capital 115,274 12.80 72,074 8.00 43,200 4.80 90,093 10.00 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

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	Contract Amount (Dollars in thousands) 2023 2022 Financial instruments whose contract amount represents credit risk: Commitments to originate, fund or purchase loans: Single family $ 2,072 6,220 Commercial real estate 5,196 17,656 Commercial business 0 617 Undisbursed balance of loans closed 61,681 92,774 Unused lines of credit 90,940 103,841 Letters of credit 7,558 11,832 Total commitments to extend credit $ 167,447 232,940 Forward commitments $ 3,078 6,575
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 $ 322 212 110 0 0 Total contractual obligations $ 322 212 110 0 0 Amount of Commitments Expiring by Period Other Commercial Commitments: Commercial lines of credit $ 62,225 39,582 22,643 0 0 Commitments to lend 52,319 14,485 9,342 5,729 22,763 Standby letters of credit 7,558 6,951 607 0 0 Total other commercial commitments $ 122,102 61,018 32,592 5,729 22,763

Note 20 - Fair Value Measurem_2

Note 20 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Carrying Value at December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 215,094 0 215,094 0 Equity securities 382 0 382 0 Mortgage loan commitments 7 0 7 0 Total $ 215,483 0 215,483 0 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
Fair Value Measurements, Nonrecurring [Table Text Block]	Carrying Value at December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2023 Total Gains (Losses) Loans held for sale $ 1,006 0 1,006 0 26 Mortgage servicing rights, net 2,709 0 0 2,709 0 Collateral dependent loans 3,856 0 3,856 0 (287 ) Total $ 7,571 0 4,862 2,709 (261 ) 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 0 2,986 0 Collateral dependent loans 1,978 0 1,978 0 (46 ) Total $ 6,278 0 3,292 2,986 (43 )

Note 21 - Fair Value of Finan_2

Note 21 - Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2023 December 31, 2022 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 $ 11,151 11,151 11,151 36,259 36,259 Securities available for sale 215,094 215,094 215,094 246,019 246,019 Equity securities 382 382 382 225 225 Loans held for sale 1,006 1,006 1,006 1,314 1,314 Loans receivable, net 845,692 778,952 778,952 777,078 724,497 FHLB stock 1,252 1,252 1,252 1,283 1,283 Accrued interest receivable 3,553 3,553 3,553 3,003 3,003 Mortgage servicing assets 2,709 6,539 6,539 2,986 6,344 Financial liabilities: Deposits 976,793 975,963 975,963 981,926 983,420 FHLB advances and other borrowings 13,200 13,200 13,200 0 0 Accrued interest payable 2,399 2,399 2,399 298 298 Off-balance sheet financial instruments: Commitments to extend credit 7 7 167,447 (28 ) (28 ) 232,940 Commitments to sell loans (17 ) (17 ) 3,078 8 8 6,575

Note 22 - HMN Financial, Inc._2

Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Condensed Financial Statements [Table Text Block]	(Dollars in thousands) 2023 2022 Condensed Balance Sheets Assets: Cash and cash equivalents $ 16,287 15,250 Investment in subsidiaries 91,500 81,190 Prepaid expenses and other assets 56 1,046 Total assets $ 107,843 97,486 Liabilities and Stockholders' Equity: Accrued expenses and other liabilities $ 136 150 Total liabilities 136 150 Common stock 91 91 Additional paid-in capital 41,235 41,013 Retained earnings 142,278 138,409 Net unrealized losses on securities available for sale (13,191 ) (19,761 ) Unearned employee stock ownership plan shares (870 ) (1,063 ) Treasury stock, at cost, 4,670,757 4,647,686 (61,836 ) (61,353 ) Total stockholders' equity 107,707 97,336 Total liabilities and stockholders' equity $ 107,843 97,486 Condensed Statements of Income Interest income $ 321 43 Equity income of subsidiaries 6,570 8,500 Compensation and benefits (273 ) (272 ) Occupancy and equipment (32 ) (30 ) Data processing (8 ) (6 ) Professional services (129 ) (125 ) Other (433 ) (404 ) Income before income tax (expense) benefit 6,016 7,706 Income tax (expense) benefit (11 ) 339 Net income $ 6,005 8,045 Condensed Statements of Cash Flows Cash flows from operating activities: Net income $ 6,005 8,045 Adjustments to reconcile net income to cash used by operating activities: Equity income of subsidiaries (6,570 ) (8,500 ) Deferred income tax benefit 0 4 Amortization of restricted stock awards 225 227 Amortization of unearned ESOP shares 193 193 Earned employee stock ownership shares priced above original cost 207 271 Decrease (increase) in other assets 990 (261 ) Decrease in other liabilities (14 ) (13 ) Other, net 0 (1 ) Net cash provided (used) by operating activities 1,036 (35 ) Cash flows from financing activities: Treasury stock purchased (629 ) (2,134 ) Stock awards withheld for tax withholding (64 ) (70 ) Dividends to stockholders (1,306 ) (1,049 ) Dividends received from Bank 2,000 6,000 Net cash provided by financing activities 1 2,747 Increase in cash and cash equivalents 1,037 2,712 Cash and cash equivalents, beginning of year 15,250 12,538 Cash and cash equivalents, end of year $ 16,287 15,250

Note 23 - Business Segments (Ta

Note 23 - Business Segments (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023: Interest income – external customers $ 43,477 0 0 43,477 Non-interest income – external customers 8,281 0 0 8,281 Intersegment interest income 0 321 (321 ) 0 Intersegment non-interest income 272 6,570 (6,842 ) 0 Interest expense 13,041 0 (321 ) 12,720 Provision for credit losses 713 0 0 713 Non-interest expense 29,169 875 (272 ) 29,772 Income tax expense 2,537 11 0 2,548 Net income 6,570 6,005 (6,570 ) 6,005 Total assets 1,107,124 107,843 (107,832 ) 1,107,135 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 credit 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

Note 1 - Description of the B_2

Note 1 - Description of the Business and Summary of Significant Accounting Policies (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)		Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)		Dec. 31, 2021 USD ($)
Percentage Of Ownership In Subsidiaries	100%
Number of Wholly Owned Subsidiaries	2
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss	$ 500
Financing Receivable, Accrued Interest, after Allowance for Credit Loss	3,000
Financing Receivable, Allowance for Credit Loss	11,824	[1]		$ 10,277	[1]	$ 9,279
Deferred Tax Assets, Gross	9,248			10,208
Retained Earnings (Accumulated Deficit)	$ 142,278			138,409
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss			$ 1,100	$ 1,070
Deferred Tax Assets, Gross			300
Retained Earnings (Accumulated Deficit)			800
Off-Balance-Sheet, Credit Loss, Liability			$ 100
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
[1]The Company adopted Accounting Standards Update 2016-13 as of January 1, 2023. The 2022 amounts presented are calculated under the prior accounting standard.

Note 2 - Revenue Recognition -

Note 2 - Revenue Recognition - Non-interest Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Gain on sales of loans	[1]	$ 1,494	$ 2,393
Total non-interest income		8,281	8,887
Deposit Account [Member]
Revenue from Contract with Customer		1,099	1,095
Other Fees and Service Charges [Member]
Revenue from Contract with Customer		528	416
Debit Card [Member]
Revenue from Contract with Customer		1,725	1,711
Bank Servicing [Member]
Revenue from Contract with Customer	[1]	1,575	1,590
Uninsured Investment Product Sales [Member]
Revenue from Contract with Customer		1,505	1,396
Product and Service, Other [Member]
Revenue from Contract with Customer		$ 355	$ 286
[1]Not within the scope of ASC 606.

Note 3 - Other Comprehensive _3

Note 3 - Other Comprehensive Income (Loss) - Components of Other Comprehensive (Loss) Income and Related Tax Effects (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Unrealized gains (losses) arising during the period		$ 7,916	$ (24,098)
Unrealized gains (losses) arising during the period, tax	[1]	1,346	(5,920)
Unrealized gains (losses) arising during the period, net of tax		6,570	(18,178)
Other comprehensive income (loss)		7,916	(24,098)
Other comprehensive income (loss), tax	[1]	1,346	(5,920)
Other comprehensive income (loss), net of tax		$ 6,570	$ (18,178)
[1]The tax effect on gross unrealized gains (losses) was impacted by a change in the effective tax rate used in 2023 to allocate the total unrealized gains on securities between the deferred tax asset and other comprehensive income.

Note 4 - Securities Available_3

Note 4 - Securities Available for Sale (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other-than-temporary Impairment Loss, Available-for-Sale Debt Securities	$ 0
Asset Pledged as Collateral [Member] | Deposits [Member]
Securities Held as Collateral, at Fair Value	$ 41,600	$ 45,900

Note 4 - Securities Available_4

Note 4 - Securities Available for Sale - Summary of Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities available for sale, amortized cost	$ 233,478	$ 272,319
Investment securities available for sale, gross unrealized gains	120	0
Investment securities available for sale, gross unrealized losses	(18,504)	(26,300)
Securities available for sale	215,094	246,019
Mortgage Backed Securities, Issued by Us Government Sponsored Enterprises, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Securities available for sale, amortized cost	96,837	117,690
Investment securities available for sale, gross unrealized gains	0	0
Investment securities available for sale, gross unrealized losses	(9,704)	(12,754)
Securities available for sale	87,133	104,936
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	82,495	98,893
Investment securities available for sale, gross unrealized gains	0	0
Investment securities available for sale, gross unrealized losses	(8,246)	(11,177)
Securities available for sale	74,249	87,716
Mortgage Backed Securities, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Securities available for sale, amortized cost	34	38
Investment securities available for sale, gross unrealized gains	0	0
Investment securities available for sale, gross unrealized losses	(2)	(2)
Securities available for sale	32	36
Collateralized Mortgage-Backed Securities [Member]
Securities available for sale, amortized cost	179,366	216,621
Investment securities available for sale, gross unrealized gains	0	0
Investment securities available for sale, gross unrealized losses	(17,952)	(23,933)
Securities available for sale	161,414	192,688
Other Marketable Securities, Us Government Agencies Debt Securities [Member]
Securities available for sale, amortized cost	54,112	54,998
Investment securities available for sale, gross unrealized gains	120	0
Investment securities available for sale, gross unrealized losses	(552)	(2,157)
Securities available for sale	53,680	52,841
Other Marketable Securities [Member]
Securities available for sale, amortized cost	54,112	55,698
Investment securities available for sale, gross unrealized gains	120	0
Investment securities available for sale, gross unrealized losses	(552)	(2,367)
Securities available for sale	$ 53,680	53,331
Other Marketable Securities, Corporate Preferred Stock [Member]
Securities available for sale, amortized cost		700
Investment securities available for sale, gross unrealized gains		0
Investment securities available for sale, gross unrealized losses		(210)
Securities available for sale		$ 490

Note 4 - Securities Available_5

Note 4 - Securities Available for Sale - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Due one year or less, amortized cost	$ 64,814
Due one year or less, fair value	60,590
Due after one year through five years, amortized cost	134,875
Due after one year through five years, fair value	124,096
Due after five years through fifteen years, amortized cost	33,786
Due after five years through fifteen years, fair value	30,405
Due after fifteen years, amortized cost	3
Due after fifteen years, fair value	3
Total, amortized cost	233,478	$ 272,319
Total, fair value	$ 215,094	$ 246,019

Note 4 - Securities Available_6

Note 4 - Securities Available for Sale - Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Less Than Twelve Months # of Investments	1	21
Less Than Twelve Months Fair Value	$ 5,000	$ 49,249
Less Than Twelve Months Unrealized Losses	$ (9)	$ (3,512)
Twelve Months or More # of Investments	66	50
Twelve Months or More Fair Value	$ 195,870	$ 196,770
Twelve Months or More Unrealized Losses	(18,495)	(22,788)
Total fair value	200,870	246,019
Total temporarily impaired securities	$ (18,504)	$ (26,300)
Mortgage Backed Securities, Issued by Us Government Sponsored Enterprises, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Less Than Twelve Months # of Investments	0	12
Less Than Twelve Months Fair Value	$ 0	$ 19,337
Less Than Twelve Months Unrealized Losses	$ 0	$ (1,629)
Twelve Months or More # of Investments	34	22
Twelve Months or More Fair Value	$ 87,133	$ 85,599
Twelve Months or More Unrealized Losses	(9,704)	(11,125)
Total fair value	87,133	104,936
Total temporarily impaired securities	$ (9,704)	$ (12,754)
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	0	4
Less Than Twelve Months Fair Value	$ 0	$ 10,542
Less Than Twelve Months Unrealized Losses	$ 0	$ (1,214)
Twelve Months or More # of Investments	24	20
Twelve Months or More Fair Value	$ 74,249	$ 77,174
Twelve Months or More Unrealized Losses	(8,246)	(9,963)
Total fair value	74,249	87,716
Total temporarily impaired securities	$ (8,246)	$ (11,177)
Mortgage Backed Securities, Federal National Mortgage Association Certificates and Obligations FNMA [Member]
Less Than Twelve Months # of Investments	0	1
Less Than Twelve Months Fair Value	$ 0	$ 36
Less Than Twelve Months Unrealized Losses	$ 0	$ (2)
Twelve Months or More # of Investments	1	0
Twelve Months or More Fair Value	$ 32	$ 0
Twelve Months or More Unrealized Losses	(2)	0
Total fair value	32	36
Total temporarily impaired securities	$ (2)	$ (2)
Other Marketable Securities, Us Government Agencies Debt Securities [Member]
Less Than Twelve Months # of Investments	1	4
Less Than Twelve Months Fair Value	$ 5,000	$ 19,334
Less Than Twelve Months Unrealized Losses	$ (9)	$ (667)
Twelve Months or More # of Investments	7	7
Twelve Months or More Fair Value	$ 34,456	$ 33,507
Twelve Months or More Unrealized Losses	(543)	(1,490)
Total fair value	39,456	52,841
Total temporarily impaired securities	$ (552)	$ (2,157)
Other Marketable Securities, Corporate Preferred Stock [Member]
Less Than Twelve Months # of Investments		0
Less Than Twelve Months Fair Value		$ 0
Less Than Twelve Months Unrealized Losses		$ 0
Twelve Months or More # of Investments		1
Twelve Months or More Fair Value		$ 490
Twelve Months or More Unrealized Losses		(210)
Total fair value		490
Total temporarily impaired securities		$ (210)

Note 5 - Loans Receivable, Ne_2

Note 5 - Loans Receivable, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Receivable Loans and Leases, Commitments to Originate or Purchase Loans	$ 7,268	$ 24,493
Loans and Leases Receivable, Related Parties, Proceeds	0	0
Servicing Liability for Others, Unpaid Principal Balance	588,000	587,600
Fixed Rate Loans [Member]
Receivable Loans and Leases, Commitments to Originate or Purchase Loans	$ 7,300	$ 5,300
Fixed Rate Loans [Member] | Minimum [Member]
Receivable Loans and Leases, Commitments Interest Percentage	5.88%	5.75%
Fixed Rate Loans [Member] | Maximum [Member]
Receivable Loans and Leases, Commitments Interest Percentage	7.79%	6.50%
Loans to Executive Officers [Member] | Consumer Portfolio Segment [Member] | Home Equity Line [Member]
Loans and Leases Receivable, Related Parties		$ 0

Note 5 - Loans Receivable, Ne_3

Note 5 - Loans Receivable, Net - Loans Receivable (Details) - USD ($) $ in Thousands		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Loans receivable		$ 858,108		$ 787,887
Unamortized discounts		15		13
Net deferred loan fees		577		519
Allowance for credit losses (2)		11,824	[1]	10,277	[1]	$ 9,279
Total loans receivable, net		845,692		777,078
Commitments to originate or purchase loans		7,268		24,493
Commitments to deliver loans to secondary market		$ 3,078		$ 6,575
Weighted average contractual rate of loans in portfolio		4.88%		4.51%
Residential Portfolio Segment [Member]
Loans receivable		$ 264,303		$ 205,890
Allowance for credit losses (2)		1,426		1,261		974
Residential Portfolio Segment [Member] | Single Family Segment [Member]
Loans receivable		264,303		205,890
Commercial Real Estate Portfolio Segment [Member]
Loans receivable		489,953		471,345
Allowance for credit losses (2)		7,514		7,026		6,388
Commercial Real Estate Portfolio Segment [Member] | Single Family Builder Construction [Member]
Loans receivable		23,305		28,425
Commercial Real Estate Portfolio Segment [Member] | Multi Family Construction [Member]
Loans receivable		23,484		1,699
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Construction [Member]
Loans receivable		19,712		16,421
Commercial Real Estate Portfolio Segment [Member] | Churches/Community Service [Member]
Loans receivable		14,650		11,933
Commercial Real Estate Portfolio Segment [Member] | Commercial Buildings/Storage Facilities [Member]
Loans receivable		10,243		12,705
Commercial Real Estate Portfolio Segment [Member] | Land Developments [Member]
Loans receivable		25,362		30,230
Commercial Real Estate Portfolio Segment [Member] | Lodging [Member]
Loans receivable		65,432		59,762
Commercial Real Estate Portfolio Segment [Member] | Manufacturing [Member]
Loans receivable		21,043		23,478
Commercial Real Estate Portfolio Segment [Member] | Movie Theaters [Member]
Loans receivable		8,360		8,861
Commercial Real Estate Portfolio Segment [Member] | Multi Family [Member]
Loans receivable		60,613		53,885
Commercial Real Estate Portfolio Segment [Member] | Nursing Home/Health Care [Member]
Loans receivable		24,391		24,528
Commercial Real Estate Portfolio Segment [Member] | Office [Member]
Loans receivable		60,099		59,262
Commercial Real Estate Portfolio Segment [Member] | Restaurant/Bar/Cafe [Member]
Loans receivable		7,941		8,622
Commercial Real Estate Portfolio Segment [Member] | Retail [Member]
Loans receivable		45,859		47,959
Commercial Real Estate Portfolio Segment [Member] | Warehouse Loan [Member]
Loans receivable		48,833		51,002
Commercial Real Estate Portfolio Segment [Member] | Other Nonconstruction [Member]
Loans receivable	[2]	30,626		32,573
Consumer Portfolio Segment [Member]
Loans receivable		42,734		44,817
Allowance for credit losses (2)		607		1,058		981
Consumer Portfolio Segment [Member] | Home Equity Line [Member]
Loans receivable		13,962		17,551
Consumer Portfolio Segment [Member] | Home Equity Loan [Member]
Loans receivable		12,090		10,865
Consumer Portfolio Segment [Member] | Land/Lots [Member]
Loans receivable		5,077		4,146
Consumer Portfolio Segment [Member] | Recreational Vehicle [Member]
Loans receivable		5,965		7,870
Consumer Portfolio Segment [Member] | Other Borrowings [Member]
Loans receivable	[2]	5,640		4,385
Commercial Portfolio Segment [Member]
Loans receivable		61,118		65,835
Allowance for credit losses (2)		$ 2,277		$ 932		$ 936
[1]The Company adopted Accounting Standards Update 2016-13 as of January 1, 2023. The 2022 amounts presented are calculated under the prior accounting standard.[2]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, 2023	Dec. 31, 2022
Loans receivable		$ 858,108	$ 787,887
Residential Portfolio Segment [Member]
Loans receivable		$ 264,303	$ 205,890
Percent of Total		100%	100%
Residential Portfolio Segment [Member] | Minnesota [Member]
Loans receivable		$ 233,026	$ 177,139
Percent of Total		88.20%	86%
Residential Portfolio Segment [Member] | WISCONSIN
Loans receivable		$ 23,880	$ 23,030
Percent of Total		9%	11.20%
Residential Portfolio Segment [Member] | Other States [Member]
Loans receivable	[1]	$ 7,397	$ 5,721
Percent of Total		2.80%	2.80%
[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, 2023	Dec. 31, 2022
Loans receivable		$ 858,108	$ 787,887
Commercial Real Estate Portfolio Segment [Member]
Loans receivable		$ 489,953	$ 471,345
Percent of Total		100%	100%
Commercial Real Estate Portfolio Segment [Member] | COLORADO
Loans receivable		$ 5,865	$ 6,031
Percent of Total		1.20%	1.30%
Commercial Real Estate Portfolio Segment [Member] | FLORIDA
Loans receivable		$ 6,797	$ 7,049
Percent of Total		1.40%	1.50%
Commercial Real Estate Portfolio Segment [Member] | IDAHO
Loans receivable		$ 4,718	$ 4,712
Percent of Total		1%	1%
Commercial Real Estate Portfolio Segment [Member] | IOWA
Loans receivable		$ 10,011	$ 10,440
Percent of Total		2%	2.20%
Commercial Real Estate Portfolio Segment [Member] | MINNESOTA
Loans receivable		$ 285,886	$ 284,841
Percent of Total		58.30%	60.40%
Commercial Real Estate Portfolio Segment [Member] | NORTH CAROLINA
Loans receivable		$ 3,973	$ 4,211
Percent of Total		0.80%	0.90%
Commercial Real Estate Portfolio Segment [Member] | WISCONSIN
Loans receivable		$ 162,456	$ 143,076
Percent of Total		33.20%	30.40%
Commercial Real Estate Portfolio Segment [Member] | Other States [Member]
Loans receivable	[1]	$ 10,247	$ 10,985
Percent of Total		2.10%	2.30%
[1]Amounts under four million dollars in both years are included in “Other states”.

Note 6 - Allowance for Credit_3

Note 6 - Allowance for Credit Losses and Credit Quality Information (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Nonaccrual	$ 3,818	$ 1,878
Financing Receivable, Nonaccrual, Allowance for Credit Loss	400	200
Loan Receivable for Which Value of Collateral Sufficient to Repay	1,300	1,000
Financing Receivable, Nonaccrual, Gross Interest Income If Performed With Original Terms	500	$ 100
Financing Receivable, Nonaccrual, Interest Income	100
Financing Receivable, Modified, Accumulated	$ 364

Note 6 - Allowance for Credit_4

Note 6 - Allowance for Credit Losses and Credit Quality Information - Allowance for Loan Losses (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022	Jan. 01, 2023
Balance		$ 10,277	[1]	$ 9,279
Provision for losses	[2]	795		1,071
Charge-offs		(384)		(115)
Recoveries		66		42
Balance	[1]	11,824		10,277
Individual reserves		428		162
Collective reserves		11,396		10,115
Allowance for credit losses (2)	[1]	11,824		10,277
Individually reviewed for impairment		4,284		2,140
Collectively reviewed for impairment		853,824		785,747
Ending balance		858,108		787,887
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		1,070
Balance				1,070
Allowance for credit losses (2)				1,070	$ 1,100
Residential Portfolio Segment [Member]
Balance		1,261		974
Provision for losses		403		286
Charge-offs		0		0
Recoveries		21		1
Balance		1,426		1,261
Individual reserves		28		33
Collective reserves		1,398		1,228
Allowance for credit losses (2)		1,426		1,261
Individually reviewed for impairment		979		908
Collectively reviewed for impairment		263,324		204,982
Ending balance		264,303		205,890
Residential Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		(259)
Balance				(259)
Allowance for credit losses (2)				(259)
Commercial Real Estate Portfolio Segment [Member]
Balance		7,026		6,388
Provision for losses		(24)		729
Charge-offs		0		(91)
Recoveries		0		0
Balance		7,514		7,026
Individual reserves		0		0
Collective reserves		7,514		7,026
Allowance for credit losses (2)		7,514		7,026
Individually reviewed for impairment		668		179
Collectively reviewed for impairment		489,285		471,166
Ending balance		489,953		471,345
Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		512
Balance				512
Allowance for credit losses (2)				512
Consumer Portfolio Segment [Member]
Balance		1,058		981
Provision for losses		77		94
Charge-offs		(50)		(24)
Recoveries		7		7
Balance		607		1,058
Individual reserves		103		112
Collective reserves		504		946
Allowance for credit losses (2)		607		1,058
Individually reviewed for impairment		425		492
Collectively reviewed for impairment		42,309		44,325
Ending balance		42,734		44,817
Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		(485)
Balance				(485)
Allowance for credit losses (2)				(485)
Commercial Portfolio Segment [Member]
Balance		932		936
Provision for losses		339		(38)
Charge-offs		(334)		0
Recoveries		38		34
Balance		2,277		932
Individual reserves		297		17
Collective reserves		1,980		915
Allowance for credit losses (2)		2,277		932
Individually reviewed for impairment		2,212		561
Collectively reviewed for impairment		58,906		65,274
Ending balance		61,118		65,835
Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		$ 1,302
Balance				1,302
Allowance for credit losses (2)				$ 1,302
[1]The Company adopted Accounting Standards Update 2016-13 as of January 1, 2023. The 2022 amounts presented are calculated under the prior accounting standard.[2]The Company adopted ASU 2016-13 as of January 1, 2023. The 2022 amounts presented are calculated under the prior accounting standard.

Note 6 - Allowance for Credit_5

Note 6 - Allowance for Credit Losses and Credit Quality Information - Provision for Credit Losses (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Loans (1)	[1]	$ 795	$ 1,071
Unfunded commitments(1)	[1]	(82)	0
Total	[2]	$ 713	$ 1,071
[1]The Company adopted ASU 2016-13 as of January 1, 2023. The 2022 amounts presented are calculated under the prior accounting standard.[2]The Company adopted Accounting Standard Update (ASU) 2016-13 as of January 1, 2023. The 2022 amount presented is calculated under the prior accounting standard.

Note 6 - Allowance for Credit_6

Note 6 - Allowance for Credit Losses and Credit Quality Information - Credit Quality Indicators (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Year one	$ 173,139
Year two	271,054
Year three	180,364
Year four	125,999
Year five	28,889
Prior	32,502
Revolving	46,161
Total	858,108	$ 787,887
Current period gross write offs, total	384	115
Classified [Member]
Total		37,927
Unclassified [Member]
Total		749,960
Special Mention [Member] | Classified [Member]
Total		22,684
Substandard [Member] | Classified [Member]
Total		15,090
Doubtful [Member] | Classified [Member]
Total		67
Unlikely to be Collected Financing Receivable [Member] | Classified [Member]
Total		86
Residential Portfolio Segment [Member]
Year one	81,134
Year two	60,531
Year three	62,690
Year four	33,716
Year five	11,121
Prior	15,111
Revolving	0
Total	264,303	205,890
Current period gross write offs, total	0	0
Residential Portfolio Segment [Member] | Classified [Member]
Total		2,996
Residential Portfolio Segment [Member] | Unclassified [Member]
Total		202,894
Residential Portfolio Segment [Member] | Unclassified [Member]
Year one	81,070
Year two	59,474
Year three	62,690
Year four	33,637
Year five	10,915
Prior	14,635
Revolving	0
Total	262,421
Residential Portfolio Segment [Member] | Special Mention [Member]
Year one	0
Year two	511
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	511
Residential Portfolio Segment [Member] | Special Mention [Member] | Classified [Member]
Total		882
Residential Portfolio Segment [Member] | Substandard [Member]
Year one	64
Year two	546
Year three	0
Year four	79
Year five	182
Prior	462
Revolving	0
Total	1,333
Residential Portfolio Segment [Member] | Substandard [Member] | Classified [Member]
Total		2,067
Residential Portfolio Segment [Member] | Doubtful [Member]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	24
Prior	14
Revolving	0
Total	38
Residential Portfolio Segment [Member] | Doubtful [Member] | Classified [Member]
Total		47
Residential Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Classified [Member]
Total		0
Residential Portfolio Segment [Member] | Loss [Member]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	0
Commercial Real Estate Portfolio Segment [Member]
Year one	67,939
Year two	195,464
Year three	112,209
Year four	86,992
Year five	15,168
Prior	12,181
Revolving	0
Total	489,953	471,345
Current period gross write offs, total	0	91
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Total	271,531	249,783
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Total	218,422	221,562
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Real Estate Loan [Member]
Total		11,770
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Commercial Real Estate Other [Member]
Total		19,865
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Real Estate Loan [Member]
Total		238,013
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Commercial Real Estate Other [Member]
Total		201,697
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member]
Year one	64,688
Year two	187,320
Year three	109,729
Year four	75,754
Year five	14,531
Prior	9,603
Revolving	0
Total	461,625
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Year one	1,026
Year two	7,756
Year three	2,188
Year four	371
Year five	0
Prior	1,016
Revolving	0
Total	12,357
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Classified [Member] | Real Estate Loan [Member]
Total		9,529
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Classified [Member] | Commercial Real Estate Other [Member]
Total		11,273
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Year one	2,225
Year two	388
Year three	292
Year four	10,867
Year five	637
Prior	1,562
Revolving	0
Total	15,971
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Classified [Member] | Real Estate Loan [Member]
Total		2,241
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Classified [Member] | Commercial Real Estate Other [Member]
Total		8,592
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	0
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Classified [Member] | Real Estate Loan [Member]
Total		0
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Classified [Member] | Commercial Real Estate Other [Member]
Total		0
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Classified [Member] | Real Estate Loan [Member]
Total		0
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Classified [Member] | Commercial Real Estate Other [Member]
Total		0
Commercial Real Estate Portfolio Segment [Member] | Loss [Member]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	0
Consumer Portfolio Segment [Member]
Year one	9,959
Year two	7,609
Year three	1,774
Year four	1,870
Year five	2,372
Prior	4,891
Revolving	14,259
Total	42,734	44,817
Current period gross write offs, year one	0
Current period gross write offs, year two	1
Current period gross write offs, year three	0
Current period gross write offs, year four	0
Current period gross write offs, year five	0
Current period gross write offs, prior	49
Current period gross write offs, revolving	0
Current period gross write offs, total	50	24
Consumer Portfolio Segment [Member] | Classified [Member]
Total		493
Consumer Portfolio Segment [Member] | Unclassified [Member]
Total		44,324
Consumer Portfolio Segment [Member] | Unclassified [Member]
Year one	9,913
Year two	7,583
Year three	1,606
Year four	1,870
Year five	2,369
Prior	4,778
Revolving	14,170
Total	42,289
Consumer Portfolio Segment [Member] | Special Mention [Member]
Year one	20
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	20
Consumer Portfolio Segment [Member] | Special Mention [Member] | Classified [Member]
Total		0
Consumer Portfolio Segment [Member] | Substandard [Member]
Year one	8
Year two	26
Year three	52
Year four	0
Year five	3
Prior	113
Revolving	30
Total	232
Consumer Portfolio Segment [Member] | Substandard [Member] | Classified [Member]
Total		387
Consumer Portfolio Segment [Member] | Doubtful [Member]
Year one	15
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	19
Total	34
Consumer Portfolio Segment [Member] | Doubtful [Member] | Classified [Member]
Total		20
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Classified [Member]
Total		86
Consumer Portfolio Segment [Member] | Loss [Member]
Year one	3
Year two	0
Year three	116
Year four	0
Year five	0
Prior	0
Revolving	40
Total	159
Commercial Portfolio Segment [Member]
Year one	14,107
Year two	7,450
Year three	3,691
Year four	3,421
Year five	228
Prior	319
Revolving	31,902
Total	61,118	65,835
Current period gross write offs, year one	174
Current period gross write offs, year two	0
Current period gross write offs, year three	0
Current period gross write offs, year four	0
Current period gross write offs, year five	0
Current period gross write offs, prior	0
Current period gross write offs, revolving	160
Current period gross write offs, total	334	0
Commercial Portfolio Segment [Member] | Classified [Member]
Total		2,803
Commercial Portfolio Segment [Member] | Unclassified [Member]
Total		63,032
Commercial Portfolio Segment [Member] | Unclassified [Member]
Year one	12,404
Year two	6,967
Year three	3,539
Year four	3,317
Year five	217
Prior	288
Revolving	30,160
Total	56,892
Commercial Portfolio Segment [Member] | Special Mention [Member]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	0
Commercial Portfolio Segment [Member] | Special Mention [Member] | Classified [Member]
Total		1,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Year one	1,703
Year two	483
Year three	152
Year four	104
Year five	11
Prior	31
Revolving	1,742
Total	4,226
Commercial Portfolio Segment [Member] | Substandard [Member] | Classified [Member]
Total		1,803
Commercial Portfolio Segment [Member] | Doubtful [Member]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Classified [Member]
Total		0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Classified [Member]
Total		$ 0
Commercial Portfolio Segment [Member] | Loss [Member]
Year one	0
Year two	0
Year three	0
Year four	0
Year five	0
Prior	0
Revolving	0
Total	$ 0

Note 6 - Allowance for Credit_7

Note 6 - Allowance for Credit Losses and Credit Quality Information - Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans receivable	$ 858,108	$ 787,887
Loans 90 days or more past due and still accruing	0	0
Loans 90 days or more past due and still accruing	0	0
Residential Portfolio Segment [Member]
Loans receivable	264,303	205,890
Loans 90 days or more past due and still accruing	0	0
Loans 90 days or more past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	489,953	471,345
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	271,531	249,783
Loans 90 days or more past due and still accruing	0	0
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	218,422	221,562
Loans 90 days or more past due and still accruing	0	0
Loans 90 days or more past due and still accruing	0	0
Consumer Portfolio Segment [Member]
Loans receivable	42,734	44,817
Loans 90 days or more past due and still accruing	0	0
Loans 90 days or more past due and still accruing	0	0
Commercial Portfolio Segment [Member]
Loans receivable	61,118	65,835
Loans 90 days or more past due and still accruing	0	0
Loans 90 days or more past due and still accruing	0	0
Financial Asset, 30 to 59 Days Past Due [Member]
Loans receivable	814	1,352
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	453	380
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	0	0
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	0	578
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	361	394
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	472	268
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	71	145
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	0
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	92	123
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	309	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable	1,631	569
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	363	481
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	399	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	57	88
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	812	0
Financial Asset, Past Due [Member]
Loans receivable	2,917	2,189
Financial Asset, Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	887	1,006
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	0	0
Financial Asset, Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	399	578
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	510	605
Financial Asset, Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	1,121	0
Financial Asset, Not Past Due [Member]
Loans receivable	855,191	785,698
Financial Asset, Not Past Due [Member] | Residential Portfolio Segment [Member]
Loans receivable	263,416	204,884
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable	271,531	249,783
Financial Asset, Not Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable	218,023	220,984
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member]
Loans receivable	42,224	44,212
Financial Asset, Not Past Due [Member] | Commercial Portfolio Segment [Member]
Loans receivable	$ 59,997	$ 65,835

Note 6 - Allowance for Credit_8

Note 6 - Allowance for Credit Losses and Credit Quality Information - Summary of Collateral Dependent Loans (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Related allowance	$ 428
Recorded investment	4,284
Unpaid principal balance	4,618
Residential Portfolio Segment [Member]
Recorded investment, with no related allowance	758
Unpaid principal balance, with no related allowance	758
Recorded investment, with related allowance	221
Unpaid principal balance, with related allowance	221
Related allowance	28
Recorded investment	979
Unpaid principal balance	979
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Recorded investment, with no related allowance	668
Unpaid principal balance, with no related allowance	668
Related allowance	0	[1]
Recorded investment	668	[1]
Unpaid principal balance	668	[1]
Consumer Portfolio Segment [Member]
Recorded investment, with no related allowance	306
Unpaid principal balance, with no related allowance	306
Recorded investment, with related allowance	119
Unpaid principal balance, with related allowance	119
Related allowance	103	[2]
Recorded investment	425	[2]
Unpaid principal balance	425	[2]
Commercial Portfolio Segment [Member]
Recorded investment, with related allowance	2,212
Unpaid principal balance, with related allowance	2,546
Related allowance	297	[3]
Recorded investment	2,212	[3]
Unpaid principal balance	$ 2,546	[3]
[1]Secured by commercial land.[2]Secured by second mortgages on single family housing and recreational vehicles.[3]Secured by business equipment primarily related to the farming and trucking industries.

Note 6 - Allowance for Credit_9

Note 6 - Allowance for Credit Losses and Credit Quality Information - Impaired Loans and Related Allowances (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Related allowance	$ 162
Recorded investment,	2,140
Unpaid principal balance	2,158
Average recorded investment	3,571
Interest income recognized	40
Residential Portfolio Segment [Member]
Recorded investment, with no related allowance	667
Unpaid principal balance, with no related allowance	685
Average recorded investment, with no related allowance	496
Interest income recognized, with no related allowance	8
Recorded investment, with related allowance	241
Unpaid principal balance, with related allowance	241
Related allowance	33
Average recorded investment, with related allowance	108
Interest income recognized, with related allowance	4
Recorded investment,	908
Unpaid principal balance	926
Average recorded investment	604
Interest income recognized	12
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Recorded investment, with no related allowance	179
Unpaid principal balance, with no related allowance	179
Average recorded investment, with no related allowance	182
Interest income recognized, with no related allowance	11
Recorded investment, with related allowance	0	[1]
Unpaid principal balance, with related allowance	0	[1]
Related allowance	0	[1]
Average recorded investment, with related allowance	2,044	[1]
Interest income recognized, with related allowance	0	[1]
Recorded investment,	179
Unpaid principal balance	179
Average recorded investment	2,226
Interest income recognized	11
Consumer Portfolio Segment [Member]
Recorded investment, with no related allowance	338
Unpaid principal balance, with no related allowance	338
Average recorded investment, with no related allowance	345
Interest income recognized, with no related allowance	13
Recorded investment, with related allowance	154
Unpaid principal balance, with related allowance	154
Related allowance	112	[2]
Average recorded investment, with related allowance	152
Interest income recognized, with related allowance	2
Recorded investment,	492	[2]
Unpaid principal balance	492	[2]
Average recorded investment	497	[2]
Interest income recognized	15	[2]
Commercial Portfolio Segment [Member]
Recorded investment, with related allowance	561
Unpaid principal balance, with related allowance	561
Related allowance	17	[3]
Average recorded investment, with related allowance	244
Interest income recognized, with related allowance	2
Recorded investment,	561	[3]
Unpaid principal balance	561	[3]
Average recorded investment	244	[3]
Interest income recognized	$ 2	[3]
[1]Secured by commercial land.[2]Secured by second mortgages on single family housing and recreational vehicles.[3]Secured by business equipment primarily related to the farming and trucking industries.

Note 6 - Allowance for Credi_10

Note 6 - Allowance for Credit Losses and Credit Quality Information - Non-accrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Non-accrual loans	$ 3,818	$ 1,878
Residential Portfolio Segment [Member]
Non-accrual loans	762	908
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Non-accrual loans	493	0
Consumer Portfolio Segment [Member]
Non-accrual loans	376	441
Commercial Portfolio Segment [Member]
Non-accrual loans	$ 2,187	$ 529

Note 6 - Allowance for Credi_11

Note 6 - Allowance for Credit Losses and Credit Quality Information - Summary of Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Modified	$ 364
Residential Portfolio Segment [Member]
Number of loan	1
Modified	$ 217
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]
Number of loan	1
Residential Portfolio Segment [Member] | Extended Maturity [Member]
Number of loan	1
Commercial Real Estate Portfolio Segment [Member]
Number of loan	1
Modified	$ 93
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member]
Number of loan	1
Consumer Portfolio Segment [Member]
Number of loan	4
Modified	$ 54
Consumer Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]
Number of loan	1
Consumer Portfolio Segment [Member] | Extended Maturity [Member]
Number of loan	3
Consumer Portfolio Segment [Member] | Payment Deferral [Member]
Number of loan	1

Note 7 - Accrued Interest Rec_3

Note 7 - Accrued Interest Receivable - Summary of Accrued Interest Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued interest receivable	$ 3,553	$ 3,003
Securities Available for Sale [Member]
Accrued interest receivable	521	418
Loans Receivable [Member]
Accrued interest receivable	$ 3,032	$ 2,585

Note 8 - Intangible Assets (Det

Note 8 - Intangible Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Mortgage Servicing Rights and Core Deposits [Member]
Amortization of Intangible Assets	$ 0.8	$ 0.9

Note 8 - Intangible Assets - Mo

Note 8 - Intangible Assets - Mortgage Servicing Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance, beginning of year	$ 2,986	$ 3,280
Originations	555	615
Amortization	(832)	(909)
Balance, end of year	2,709	2,986
Fair value of mortgage servicing rights	$ 6,539	$ 6,344

Note 8 - Intangible Assets - Ri

Note 8 - Intangible Assets - Risk Characteristics of Loans Being Serviced (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Original Term Fifteen Year Fixed Rate [Member]
Loan Principal Balance	$ 92,569
Weighted Average Interest Rate	2.92%
Weighted Average Remaining Term (Month)	127 months
Number of Loans	948
Original Term Thirty Year Fixed Rate [Member]
Loan Principal Balance	$ 441,889
Weighted Average Interest Rate	3.87%
Weighted Average Remaining Term (Month)	303 months
Number of Loans	2,721

Note 8 - Intangible Assets - Gr

Note 8 - Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-lived intangible assets, accumulated amortization	$ (3,517)	$ (3,583)
Goodwill, gross carrying amount	802	802
Goodwill, accumulated impairment	0	0
Goodwill	802	802
Intangible assets (including goodwill), gross carrying amount	7,028	7,371
Intangible assets, unamortized intangible assets	3,511	3,788
Mortgage Servicing Rights [Member]
Finite-lived intangible assets, gross carrying amount	6,226	5,995
Finite-lived intangible assets, accumulated amortization	(3,517)	(3,009)
Finite-lived intangible assets, unamortized intangible assets	$ 2,709	2,986
Core Deposits [Member]
Finite-lived intangible assets, gross carrying amount		574
Finite-lived intangible assets, accumulated amortization		(574)
Finite-lived intangible assets, unamortized intangible assets		$ 0

Note 8 - Intangible Assets - Es

Note 8 - Intangible Assets - Estimated Future Amortization Expense (Details) - Mortgage Servicing Rights [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
2024	$ 726
2025	658
2026	565
2027	396
2028	218
Thereafter	146
Total	$ 2,709	$ 2,986

Note 9 - Premises and Equipme_3

Note 9 - Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Premises and equipment, gross	$ 34,834	$ 35,354
Accumulated depreciation	(18,839)	(18,862)
Total	15,995	16,492
Land [Member]
Premises and equipment, gross	5,156	5,156
Building and Building Improvements [Member]
Premises and equipment, gross	17,623	17,514
Furniture and Fixtures [Member]
Premises and equipment, gross	$ 12,055	$ 12,684

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Operating Lease, Cost	$ 0.2
Other Assets [Member]
Operating Lease, Right-of-Use Asset	$ 0.3
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)	8 months
Lessee, Operating Lease, Renewal Term (Year)	3 years
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)	47 months
Lessee, Operating Lease, Renewal Term (Year)	10 years

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, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 223	$ 226
Weighted-average remaining lease term – operating leases (Year)	2 years	2 years 9 months 18 days
Weighted-average discount rate – operating leases	2.71%	2.64%

Note 10 - Leases - Maturity of

Note 10 - Leases - Maturity of Remaining Lease Liabilities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 212
2025	58
2026	27
2027	25
2028 and thereafter	0
Total lease payments	322
Less: Interest	(9)
Other Liabilities [Member]
Present value of lease liabilities	$ 313

Note 11 - Deposits (Details Tex

Note 11 - Deposits (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits, at or Above FDIC Insurance Limit	$ 414,500	$ 373,900
Interest-Bearing Domestic Deposit, Certificates of Deposits Acquired Through Broker	107,000	55,100
Deposits	976,793	981,926
Directors, Executive Officers, and Their Related Parties [Member]
Deposits	1,200	700
Mortgage Loans and Mortgage Backed Securities [Member]
Debt Securities, Available-for-Sale, Restricted	$ 41,600	$ 45,900

Note 11 - Deposits - Deposits a

Note 11 - Deposits - Deposits and Weighted Average Interest Rates (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Noninterest checking, weighted average rate	0%	0%
Noninterest checking, amount	$ 244,015	$ 325,603
Noninterest checking, percent of total	25%	33.20%
Interest checking, weighted average rate	0.85%	0.38%
Interest checking, amount	$ 140,975	$ 147,497
Interest checking, percent of total	14.40%	15%
Savings accounts, weighted average rate	0.11%	0.08%
Savings accounts, amount	$ 107,864	$ 123,389
Savings accounts, percent of total	11.10%	12.60%
Money market accounts, weighted average rate	2.16%	0.73%
Money market accounts, amount	$ 249,246	$ 253,498
Money market accounts, percent of total	25.50%	25.80%
Amount	$ 742,100	$ 849,987
Percent of total	76%	86.60%
Certificates, amount	$ 234,693	$ 131,939
Certificates, percent of total	24%	13.40%
Total certificates, weighted average rate	4.43%	2.59%
Total deposits, weighted average rate	1.75%	0.60%
Total deposits	$ 976,793	$ 981,926
Total deposits, percent of total	100%	100%
Range 1 [Member]
Certificates, amount	$ 17,699	$ 53,645
Certificates, percent of total	1.80%	5.40%
Range 1 [Member] | Minimum [Member]
Certificate Rate	0%
Range 1 [Member] | Maximum [Member]
Certificate Rate	0.99%
Range 2 [Member]
Certificates, amount	$ 5,164	$ 8,049
Certificates, percent of total	0.50%	0.80%
Range 2 [Member] | Minimum [Member]
Certificate Rate	1%
Range 2 [Member] | Maximum [Member]
Certificate Rate	1.99%
Range 3 [Member]
Certificates, amount	$ 2,652	$ 3,521
Certificates, percent of total	0.30%	0.40%
Range 3 [Member] | Minimum [Member]
Certificate Rate	2%
Range 3 [Member] | Maximum [Member]
Certificate Rate	2.99%
Range 4 [Member]
Certificates, amount	$ 17,163	$ 5,493
Certificates, percent of total	1.80%	0.60%
Range 4 [Member] | Minimum [Member]
Certificate Rate	3%
Range 4 [Member] | Maximum [Member]
Certificate Rate	3.99%
Range 5 [Member]
Certificates, amount	$ 96,806	$ 61,231
Certificates, percent of total	9.90%	6.20%
Range 5 [Member] | Minimum [Member]
Certificate Rate	4%
Range 5 [Member] | Maximum [Member]
Certificate Rate	4.99%
Range 6 [Member]
Certificates, amount	$ 95,209	$ 0
Certificates, percent of total	9.70%	0%
Range 6 [Member] | Minimum [Member]
Certificate Rate	5%
Range 6 [Member] | Maximum [Member]
Certificate Rate	5.99%

Note 11 - Deposits - Certificat

Note 11 - Deposits - Certificate Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Remaining term to maturity	$ 234,693	$ 131,939
Total certificates, weighted average rate	4.43%	2.59%
Due Within Next Year [Member]
Remaining term to maturity	$ 187,673	$ 72,737
Total certificates, weighted average rate	4.46%	1.86%
Due in Two Years [Member]
Remaining term to maturity	$ 34,567	$ 47,563
Total certificates, weighted average rate	4.40%	3.60%
Due in Three Years [Member]
Remaining term to maturity	$ 11,505	$ 10,101
Total certificates, weighted average rate	4.36%	3.32%
Due in Four Years [Member]
Remaining term to maturity	$ 639	$ 747
Total certificates, weighted average rate	0.63%	0.45%
Due in Five Years [Member]
Remaining term to maturity	$ 309	$ 777
Total certificates, weighted average rate	1.62%	0.73%
Due After Five Years [Member]
Remaining term to maturity	$ 0	$ 15
Total certificates, weighted average rate	0%	0.28%

Note 11 - Deposits - Interest E

Note 11 - Deposits - Interest Expense on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Checking accounts	$ 1,037	$ 220
Savings accounts	110	75
Money market accounts	4,577	882
Certificate accounts	6,566	555
Total	$ 12,290	$ 1,732

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, 2023	Dec. 31, 2022
Advance from Federal Home Loan Bank	$ 13,200	$ 0
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate	5.64%
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 283,500	230,100
Additional Advances from Federal Home Loan Banks	$ 87,300	$ 86,600

Note 13 - Income Taxes (Details

Note 13 - Income Taxes (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Income Amount in Retained Earnings, Represent Without Income Tax Provision	$ 8,800
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, 2023	Dec. 31, 2022
Current:
Federal	$ 2,143	$ 2,123
State	815	1,000
Total current	2,958	3,123
Deferred:
Federal	(81)	2
State	(329)	101
Total deferred	(410)	103
Income tax expense	$ 2,548	$ 3,226

Note 13 - Income Taxes - Inco_2

Note 13 - Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Expected federal income tax expense	$ 1,796	$ 2,367
Items affecting federal income tax:
State income taxes, net of federal income tax deduction	557	899
Other, net	195	(40)
Income tax expense	$ 2,548	$ 3,226

Note 13 - Income Taxes - Deferr

Note 13 - Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Allowances for credit losses	$ 3,337	$ 2,899
Deferred compensation costs	144	120
Deferred ESOP loan asset	315	361
Non-accruing loan interest	163	179
Net unrealized loss on securities available for sale	5,149	6,539
State net operating loss carry-forward	39	0
Other	101	110
Total gross deferred tax assets	9,248	10,208
Valuation allowance	(283)	0
Deferred tax assets, net of valuation allowance	8,965	10,208
Deferred tax liabilities:
Deferred loan costs	241	243
Premises and equipment basis difference	570	618
Originated mortgage servicing rights	764	843
Other	219	157
Total gross deferred tax liabilities	1,794	1,861
Net deferred tax assets	$ 7,171	$ 8,347

Note 14 - Employee Benefits (De

Note 14 - Employee Benefits (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 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 | $	$ 22,500	$ 20,500
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 | $	$ 500,000	$ 600,000
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)	2 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 (in shares)	18,035
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 (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 (in shares)	18,035	19,054	22,841
Pentegra DB Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer | $	$ 300,000
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent		5%
Defined Benefit Plan, Funded Percentage	78.40%	80%

Note 14 - Employee Benefits - E

Note 14 - Employee Benefits - ESOP Share Allocation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Shares held by participants beginning of the year (in shares)	361,069	353,677
Shares allocated to participants (in shares)	24,318	24,318
Shares purchased with dividends received on allocated shares (in shares)	7,005	3,540
Shares distributed to participants (in shares)	(19,849)	(20,466)
Shares held by participants end of year (in shares)	372,543	361,069
Unreleased shares beginning of the year (in shares)	133,782	158,100
Shares released during year (in shares)	(24,318)	(24,318)
Unreleased shares end of year (in shares)	109,464	133,782
Total ESOP shares end of year (in shares)	482,007	494,851
Fair value of unreleased shares at December 31	$ 2,517,672	$ 2,854,908

Note 14 - Employee Benefits - A

Note 14 - Employee Benefits - Activities Under All Plans (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted average exercise price (in dollars per share)	$ 11.21
Granted (in shares)	0	0
Shares available for grant (in shares)	318,040
Restricted Stock [Member]
Unvested restricted shares outstanding (in shares)	18,035
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
The 2009 Plan [Member] | Restricted Stock [Member]
Unvested restricted shares outstanding (in shares)	0	0
Unvested restricted shares outstanding (in shares)	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)	332,005	345,907
Vested (in shares)	0	0
Shares available for grant (in shares)	318,040	332,005
Options outstanding (in shares)	0
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 26, 2022 [Member]
Granted (in shares)		(2,616)
Granted, vesting period (Year)		1 year
The 2017 Plan [Member] | Granted January 24, 2023 [Member]
Granted (in shares)	(9,843)
Granted, vesting period (Year)	3 years
The 2017 Plan [Member] | Granted April 25, 2023 [Member]
Granted (in shares)	(4,122)
Granted, vesting period (Year)	1 year
The 2017 Plan [Member] | Restricted Stock [Member]
Unvested restricted shares outstanding (in shares)	19,054	22,841
Vested (in shares)	(10,329)	(13,055)
Unvested restricted shares outstanding (in shares)	18,035	19,054
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 26, 2022 [Member]
Granted (in shares)		1,744
The 2017 Plan [Member] | Restricted Stock [Member] | Granted January 24, 2023 [Member]
Granted (in shares)	6,562
The 2017 Plan [Member] | Restricted Stock [Member] | Granted April 25, 2023 [Member]
Granted (in shares)	2,748
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 February 1, 2022 [Member]
Granted (in shares)		0
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Granted April 26, 2022 [Member]
Granted (in shares)		0
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Granted January 24, 2023 [Member]
Granted (in shares)	0
The 2017 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Granted April 25, 2023 [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, 2023	Dec. 31, 2022
Weighted average number of common shares outstanding used in basic earnings per common share calculation (in shares)	4,350,215	4,358,022
Options (in shares)	14,807	17,847
Restricted stock awards (in shares)	12,066	13,601
Weighted average number of common shares outstanding adjusted for effect of dilutive securities (in shares)	4,377,088	4,389,470
Net income	$ 6,005	$ 8,045
Basic earnings per share (in dollars per share)	$ 1.38	$ 1.85
Diluted earnings per share (in dollars per share)	$ 1.37	$ 1.83

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Jan. 31, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Feb. 28, 2023
Stock Repurchase Program, Authorized Amount			$ 5,400
Treasury Stock, Value, Acquired, Cost Method			$ 629	$ 2,134
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)			$ 0.3	$ 0.24
Dividends, Common Stock, Cash			$ 1,300	$ 1,000
Quarterly Dividend [Member] | Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.08
New Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount					$ 6,000
Treasury Stock, Shares, Acquired (in shares)		0	29,457
Treasury Stock, Value, Acquired, Cost Method			$ 600
Stock Repurchased During Period, Shares (in shares)				90,000
Stock Repurchased During Period, Value				$ 2,100

Note 17 - Regulatory Capital _3

Note 17 - Regulatory Capital and Oversight (Details Textual)	Dec. 31, 2023
Banking Regulation, Capital Conservation Buffer, Common Equity Tier One Risk-Based Capital, Actual	0.025

Note 17 - Regulatory Capital -

Note 17 - Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands		Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Common equity tier 1 capital, actual amount		$ 104,005	$ 100,250
Common equity tier 1 capital, actual percent of asset	[1]	0.1154	0.1148
Common equity tier 1 capital, amount required to be adequately capitalized		$ 40,542	$ 39,312
Common equity tier 1 capital, percent of assets required to be adequately capitalized	[1]	0.045	0.045
Common equity tier 1 capital, excess capital amount		$ 63,463	$ 60,938
Common equity tier 1 capital, excess capital percent of assets	[1]	0.0704	0.0698
Common equity tier 1 capital, amount to be well capitalized under prompt corrective action provisions		$ 58,560	$ 56,784
Common equity tier 1 capital, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.065	0.065
Tier 1 leverage, actual amount		$ 104,005	$ 100,250
Tier 1 leverage, actual percent of asset	[1]	0.0908	0.0914
Tier 1 leverage, amount required to be adequately capitalized		$ 45,823	$ 43,883
Tier 1 leverage, percent of assets required to be adequately capitalized	[1]	0.04	0.04
Tier 1 leverage, excess capital amount		$ 58,182	$ 56,367
Tier 1 leverage, excess capital percent of assets	[1]	0.0508	0.0514
Tier 1 leverage, amount to be well capitalized under prompt corrective action provisions		$ 57,279	$ 54,854
Tier 1 leverage, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.05	0.05
Tier 1 risk-based capital, actual amount		$ 104,005	$ 100,250
Tier 1 risk-based capital, actual percent of asset	[1]	0.1154	0.1148
Tier 1 risk-based capital, amount required to be adequately capitalized		$ 54,056	$ 52,416
Tier 1 risk-based capital, percent of assets required to be adequately capitalized	[1]	0.06	0.06
Tier 1 risk-based capital, excess capital amount		$ 49,949	$ 47,834
Tier 1 risk-based capital, excess capital percent of assets	[1]	0.0554	0.0548
Tier 1 risk-based capital, amount to be well capitalized under prompt corrective action provisions		$ 72,074	$ 69,888
Tier 1 risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.08	0.08
Total risk-based capital, actual amount		$ 115,274	$ 110,527
Total risk-based capital, actual percent of asset	[1]	0.128	0.1265
Total risk-based capital, amount required to be adequately capitalized		$ 72,074	$ 69,888
Total risk-based capital, percent of assets required to be adequately capitalized	[1]	0.08	0.08
Total risk-based capital, excess capital amount		$ 43,200	$ 40,639
Total risk-based capital, excess capital percent of assets	[1]	0.048	0.0465
Total risk-based capital, amount to be well capitalized under prompt corrective action provisions		$ 90,093	$ 87,360
Total risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions	[1]	0.10	0.10
[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, 2023	Dec. 31, 2022
Letters of Credit Issued and Available Amount	$ 6.9	$ 11.4

Note 18 - Commitments and Con_4

Note 18 - Commitments and Contingencies - Financial Instruments With Off-balance Sheet Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Commitments to originate, fund or purchase loans	$ 167,447	$ 232,940
Single Family Mortgages [Member]
Commitments to originate, fund or purchase loans	2,072	6,220
Commercial Real Estate [Member]
Commitments to originate, fund or purchase loans	5,196	17,656
Non-real Estate Commercial Loans [Member]
Commitments to originate, fund or purchase loans	0	617
Undisbursed Balance of Loans Closed [Member]
Commitments to originate, fund or purchase loans	61,681	92,774
Unused Line of Credit [Member]
Commitments to originate, fund or purchase loans	90,940	103,841
Letters of Credit [Member]
Commitments to originate, fund or purchase loans	7,558	11,832
Forward Commitments [Member]
Forward commitments	$ 3,078	$ 6,575

Note 18 - Commitments and Con_5

Note 18 - Commitments and Contingencies - Obligations From Other Commitments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Total contractual obligations	$ 322
Less than 1 Year	212
1-3 Years	110
4-5 Years	0
More than 5 Years	0
Total Other Commercial Commitments	122,102
Other Commitments, Less than 1 Year	61,018
Other Commitments, 1-3 Years	32,592
Other Commitments, 4-5 Years	5,729
Other Commitments, More than 5 Years	22,763
Commercial Lines of Credit [Member]
Total Other Commercial Commitments	62,225
Other Commitments, Less than 1 Year	39,582
Other Commitments, 1-3 Years	22,643
Other Commitments, 4-5 Years	0
Other Commitments, More than 5 Years	0
Annual Rental Commitments under Non-cancellable Operating Leases [Member]
Total contractual obligations	322
Less than 1 Year	212
1-3 Years	110
4-5 Years	0
More than 5 Years	0
Commitments to Lend [Member]
Total Other Commercial Commitments	52,319
Other Commitments, Less than 1 Year	14,485
Other Commitments, 1-3 Years	9,342
Other Commitments, 4-5 Years	5,729
Other Commitments, More than 5 Years	22,763
Standby Letters of Credit [Member]
Total Other Commercial Commitments	7,558
Other Commitments, Less than 1 Year	6,951
Other Commitments, 1-3 Years	607
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, 2023	Dec. 31, 2022
Securities available for sale	$ 215,094	$ 246,019
Fair Value, Recurring [Member]
Securities available for sale	215,094	246,019
Equity securities	382	225
Mortgage loan commitments	7	(28)
Total	215,483	246,216
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	215,094	246,019
Equity securities	382	225
Mortgage loan commitments	7	(28)
Total	215,483	246,216
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, 2023	Dec. 31, 2022
Loans held for sale, Total gains (losses)	$ 26	$ 3
Mortgage servicing rights, Total gains (losses)	0	0
Collateral dependent loans, Total gains (losses)	(287)	(46)
Total, Total gains (losses)	(261)	(43)
Fair Value, Nonrecurring [Member]
Loans held for sale	1,006	1,314
Mortgage servicing rights, net	2,709	2,986
Collateral dependent loans	3,856	1,978
Total	7,571	6,278
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Loans held for sale	0	0
Mortgage servicing rights, net	0	0
Collateral dependent loans	0	0
Total	0	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held for sale	1,006	1,314
Mortgage servicing rights, net	0	0
Collateral dependent loans	3,856	1,978
Total	4,862	3,292
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale	0	0
Mortgage servicing rights, net	2,709	2,986
Collateral dependent loans	0	0
Total	$ 2,709	$ 2,986

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, 2023	Dec. 31, 2022
Securities available for sale	$ 215,094	$ 246,019
Reported Value Measurement [Member]
Cash and cash equivalents	11,151	36,259
Securities available for sale	215,094	246,019
Equity securities	382	225
Loans held for sale	1,006	1,314
Loans receivable, net	845,692	777,078
FHLB stock	1,252	1,283
Accrued interest receivable	3,553	3,003
Mortgage servicing assets	2,709	2,986
Deposits	976,793	981,926
FHLB advances and other borrowings	13,200	0
Accrued interest payable	2,399	298
Mortgage loan commitments	7	(28)
Commitments to sell loans	(17)	8
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	11,151	36,259
Securities available for sale	215,094	246,019
Equity securities	382	225
Loans held for sale	1,006	1,314
Loans receivable, net	778,952	724,497
FHLB stock	1,252	1,283
Accrued interest receivable	3,553	3,003
Mortgage servicing assets	6,539	6,344
Deposits	975,963	983,420
FHLB advances and other borrowings	13,200	0
Accrued interest payable	2,399	298
Mortgage loan commitments	7	(28)
Commitments to sell loans	(17)	8
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	11,151
Securities available for sale
Equity securities
Loans held for sale
Loans receivable, net
FHLB stock
Accrued interest receivable
Mortgage servicing assets
Deposits
FHLB advances and other borrowings
Accrued interest payable
Mortgage loan commitments
Commitments to sell loans
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Securities available for sale	215,094
Equity securities	382
Loans held for sale	1,006
Loans receivable, net	778,952
FHLB stock	1,252
Accrued interest receivable	3,553
Mortgage servicing assets
Deposits	975,963
FHLB advances and other borrowings	13,200
Accrued interest payable	2,399
Mortgage loan commitments
Commitments to sell loans
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents
Securities available for sale
Equity securities
Loans held for sale
Loans receivable, net
FHLB stock
Accrued interest receivable
Mortgage servicing assets	6,539
Deposits
FHLB advances and other borrowings
Accrued interest payable
Mortgage loan commitments
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
FHLB advances and other borrowings
Accrued interest payable
Mortgage loan commitments	167,447	232,940
Commitments to sell loans	$ 3,078	$ 6,575

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 11,151	$ 36,259
Prepaid expenses and other assets	3,962	3,902
Total assets	1,107,135	1,096,202
Accrued expenses and other liabilities	4,790	6,520
Total liabilities	999,428	998,866
Common stock	91	91
Additional paid-in capital	41,235	41,013
Retained earnings	142,278	138,409
Unearned employee stock ownership plan shares	(870)	(1,063)
Total stockholders' equity	107,707	97,336	$ 110,031
Total liabilities and stockholders' equity	1,107,135	1,096,202
Interest income	30,757	32,256
Occupancy and equipment	3,626	3,812
Data processing	(2,187)	(1,948)
Professional services	(1,051)	(1,386)
Income tax expense	2,548	3,226
Net income	6,005	8,045
Deferred income tax benefit	(410)	103
Amortization of restricted stock awards	225	227
Amortization of unearned ESOP shares	193	193
Earned ESOP shares priced above original cost	207	271
Decrease in other assets	94	1,346
Decrease in other liabilities	(1,750)	(115)
Other, net	1	4
Net cash provided (used) by operating activities	13,686	31,311
Treasury stock purchased	(629)	(2,134)
Stock awards withheld for tax withholding	(64)	(70)
Dividends to stockholders	(1,306)	(1,049)
Net cash provided by financing activities	(1,808)	35,986
Increase in cash and cash equivalents	(25,108)	(57,884)
Cash and cash equivalents, beginning of year	36,259	94,143
Cash and cash equivalents, end of year	11,151	36,259
Parent Company [Member]
Cash and cash equivalents	16,287	15,250
Investment in subsidiaries	91,500	81,190
Prepaid expenses and other assets	56	1,046
Total assets	107,843	97,486
Accrued expenses and other liabilities	136	150
Total liabilities	136	150
Common stock	91	91
Additional paid-in capital	41,235	41,013
Retained earnings	142,278	138,409
Net unrealized losses on securities available for sale	(13,191)	(19,761)
Unearned employee stock ownership plan shares	(870)	(1,063)
Treasury stock, at cost, 4,670,757 and 4,647,686 shares	(61,836)	(61,353)
Total stockholders' equity	107,707	97,336
Total liabilities and stockholders' equity	107,843	97,486
Interest income	321	43
Equity income of subsidiaries	6,570	8,500
Compensation and benefits	(273)	(272)
Occupancy and equipment	(32)	(30)
Data processing	(8)	(6)
Professional services	(129)	(125)
Other	(433)	(404)
Income before income tax (expense) benefit	6,016	7,706
Income tax expense	(11)	339
Net income	6,005	8,045
Equity income of subsidiaries	(6,570)	(8,500)
Deferred income tax benefit	0	4
Amortization of restricted stock awards	225	227
Amortization of unearned ESOP shares	193	193
Earned ESOP shares priced above original cost	207	271
Decrease in other assets	990	(261)
Decrease in other liabilities	(14)	(13)
Other, net	0	(1)
Net cash provided (used) by operating activities	1,036	(35)
Treasury stock purchased	(629)	(2,134)
Stock awards withheld for tax withholding	(64)	(70)
Dividends to stockholders	(1,306)	(1,049)
Dividends received from Bank	2,000	6,000
Net cash provided by financing activities	1	2,747
Increase in cash and cash equivalents	1,037	2,712
Cash and cash equivalents, beginning of year	15,250	12,538
Cash and cash equivalents, end of year	$ 16,287	$ 15,250

Note 22 - HMN Financial, Inc._4

Note 22 - HMN Financial, Inc. Financial Information (Parent Company Only) - Condensed Financial Statements for the Parent Company Only (Details) (Parentheticals) - shares	Dec. 31, 2023	Dec. 31, 2022
Treasury stock, common, share (in shares)	4,670,757	4,647,686
Parent Company [Member]
Treasury stock, common, share (in shares)	4,670,757	4,647,686

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, 2023	Dec. 31, 2022
Interest income – external customers		$ 43,477	$ 34,255
Non-interest income – external customers		8,281	8,887
Intersegment interest income		0	0
Intersegment non-interest income		0	0
Interest expense		12,720	1,999
Provision for credit losses (1)	[1]	713	1,071
Non-interest expense		29,772	28,801
Income tax expense		2,548	3,226
Net income		6,005	8,045
Total assets		1,107,135	1,096,202
Consolidation, Eliminations [Member]
Interest income – external customers		0	0
Non-interest income – external customers		0	0
Intersegment interest income		(321)	(43)
Intersegment non-interest income		(6,842)	(8,734)
Interest expense		(321)	(43)
Provision for credit losses (1)		0	0
Non-interest expense		(272)	(234)
Income tax expense		0	0
Net income		(6,570)	(8,500)
Total assets		(107,832)	(96,552)
Home Federal Savings Bank [Member] | Operating Segments [Member]
Interest income – external customers		43,477	34,255
Non-interest income – external customers		8,281	8,887
Intersegment interest income		0	0
Intersegment non-interest income		272	234
Interest expense		13,041	2,042
Provision for credit losses (1)		713	1,071
Non-interest expense		29,169	28,198
Income tax expense		2,537	3,565
Net income		6,570	8,500
Total assets		1,107,124	1,095,268
Other Segments [Member] | Operating Segments [Member]
Interest income – external customers		0	0
Non-interest income – external customers		0	0
Intersegment interest income		321	43
Intersegment non-interest income		6,570	8,500
Interest expense		0	0
Provision for credit losses (1)		0	0
Non-interest expense		875	837
Income tax expense		11	(339)
Net income		6,005	8,045
Total assets		$ 107,843	$ 97,486
[1]The Company adopted Accounting Standard Update (ASU) 2016-13 as of January 1, 2023. The 2022 amount presented is calculated under the prior accounting standard.