HMN Financial, Inc. Announces Second Quarter Results
July 19 2013 - 11:30PM
Business Wire
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
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