EXHIBIT 21
SUBSIDIARIES OF REGISTRANT
SUBSIDIARIES OF REGISTRANT
EXHIBIT 21
DATE AND % OF VOTING
SHARES, PARTNERSHIP
INTERESTS, VOTING TRUST
YEAR & CERTIFICATES, CAPITAL
NAME & ADDRESS STATE INC. CONTRIBUTIONS DESCRIPTION OF ACTIVITY
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Home Federal Savings Bank Federal 6/29/94 Federally Chartered Stock
101 North Broadway Charter HMN owns 100% of voting Savings Bank
Spring Valley, MN 55975 shares
Osterud Insurance Agency, Inc. MN Bank owns 100% Offers credit life and annuity
101 North Broadway products to the Bank's customers
Spring Valley, MN 55975 and others
MSL Financial Corporation(1) IA Bank owns 100% Offered annuity products to
101 North Broadway Marshalltown Financial
Spring Valley, MN 55975
Home Federal Mortgage Services, LLC(2) DE 1/31/01 Mortgage Banking/
7101 Northland Circle, Suite 105 Home Federal owns Brokerage Office
Brooklyn Park, MN 55427 51%
Security Finance Corporation MN 12/29/95 Corporation invests in
101 North Broadway HMN owns 100% of voting securities and loans
Spring Valley, MN 55975 shares
(1) MSL Financial Corporation was dissolved on April 30, 1999 and its assets and
liabilities were transferred into the Bank.
(2) On January 23, 2001 the HMN sold 100% of HMN Mortgage Services, Inc. to the
Bank. On January 31, 2001 the Bank merged HMN Mortgage Services, Inc. into Home
Federal Mortgage Services LLC.