Second Quarter Summary• Net income of $1.8 million, an improvement of $1.4 million, compared to net income of $0.4 million in second quarter of 2012

• Diluted earnings per common share of $0.30, an improvement of $0.32, compared to diluted loss per common share of $0.02 in second quarter of 2012

• Provision for loan losses down $1.6 million from second quarter of 2012

• Nonperforming assets of $35.3 million, down $3.4 million, or 8.8%, from March 31, 2013

• Net interest margin of 3.28%, down 44 basis points from second quarter of 2012

• Total assets decreased $66 million in second quarter of 2013

Year to Date Summary• Net income of $2.5 million, a decrease of $0.7 million, compared to net income of $3.2 million in first six months of 2012

• Diluted earnings per common share of $0.36, a decrease of $0.21, compared to diluted earnings per common share of $0.57 in first six months of 2012

• Provision for loan losses down $1.5 million from first six months of 2012

• Nonperforming assets of $35.3 million, down $5.3 million, or 13.1%, from December 31, 2012

• Net interest margin of 3.31%, down 31 basis points from first six months of 2012

• Total assets decreased $92 million in first six months of 2013

HMN Financial (NASDAQ:HMNF)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more HMN Financial Charts.
HMN Financial (NASDAQ:HMNF)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more HMN Financial Charts.