Docoh
Loading...

HMNF HMN Financial

Document And Entity Information

Document And Entity Information - shares3 Months Ended
Mar. 31, 2021Apr. 30, 2021
Document Information [Line Items]
Entity Registrant NameHMN FINANCIAL INC
Entity Central Index Key0000921183
Trading Symbolhmnf
Current Fiscal Year End Date--12-31
Entity Filer CategoryNon-accelerated Filer
Entity Current Reporting StatusYes
Entity Emerging Growth Companyfalse
Entity Small Businesstrue
Entity Interactive Data CurrentYes
Entity Common Stock, Shares Outstanding (in shares)4,732,575
Entity Shell Companyfalse
Document Type10-Q
Document Period End DateMar. 31,
2021
Document Fiscal Year Focus2021
Document Fiscal Period FocusQ1
Amendment Flagfalse
Title of 12(b) SecurityCommon Stock

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Assets
Cash and cash equivalents $ 115,391 $ 86,269
Securities available for sale179,278 148,090
Loans held for sale7,256 6,186
Loans receivable, net641,787 642,630
Accrued interest receivable2,374 3,102
Mortgage servicing rights, net3,114 3,043
Premises and equipment, net9,945 10,133
Goodwill802 802
Core deposit intangible32 57
Prepaid expenses and other assets8,819 7,241
Deferred tax asset, net2,507 2,027
Total assets971,305 909,580
Liabilities and Stockholders’ Equity
Deposits855,478 795,204
Accrued interest payable145 140
Customer escrows2,971 1,998
Accrued expenses and other liabilities7,647 8,986
Total liabilities866,241 806,328
Commitments and contingencies
Stockholders’ equity:
Serial-preferred stock ($.01 par value): authorized 500,000 shares; issued 00 0
Common stock ($.01 par value): authorized 16,000,000 shares; issued 9,128,66291 91
Additional paid-in capital40,405 40,480
Retained earnings, subject to certain restrictions121,267 117,849
Accumulated other comprehensive income41 1,282
Unearned employee stock ownership plan shares(1,401)(1,450)
Treasury stock, at cost 4,377,829 and 4,359,552 shares(55,339)(55,000)
Total stockholders’ equity105,064 103,252
Total liabilities and stockholders’ equity971,305 909,580
Collateralized Mortgage Backed Securities [Member]
Assets
Securities available for sale133,505 101,464
Other Debt Obligations [Member]
Assets
Securities available for sale $ 45,773 $ 46,626

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Securities available for sale, amortized cost $ 179,220 $ 146,312
Serial-preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Serial-preferred stock, shares authorized (in shares)500,000 500,000
Serial-preferred stock, shares issued (in shares)0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares)16,000,000 16,000,000
Common stock, shares issued (in shares)9,128,662 9,128,662
Treasury stock, shares (in shares)4,377,829 4,359,552
Collateralized Mortgage Backed Securities [Member]
Securities available for sale, amortized cost $ 133,434 $ 99,821
Other Debt Obligations [Member]
Securities available for sale, amortized cost $ 45,786 $ 46,491

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Interest income:
Loans receivable $ 7,360 $ 7,240
Securities available for sale:
Mortgage-backed and related391 289
Other marketable107 212
Other31 103
Total interest income7,889 7,844
Interest expense:
Deposits453 892
Total interest expense453 892
Net interest income7,436 6,952
Provision for loan losses(576)460
Net interest income after provision for loan losses8,012 6,492
Non-interest income:
Gain on sales of loans1,773 1,134
Other348 291
Total non-interest income3,255 2,471
Non-interest expense:
Compensation and benefits3,821 4,047
Occupancy and equipment1,107 1,123
Data processing347 308
Professional services203 487
Other1,001 1,036
Total non-interest expense6,479 7,001
Income before income tax expense4,788 1,962
Income tax expense1,370 577
Net income3,418 1,385
Other comprehensive (loss) income, net of tax(1,241)1,275
Comprehensive income available to common stockholders $ 2,177 $ 2,660
Basic earnings per share (in dollars per share) $ 0.75 $ 0.30
Diluted earnings per share (in dollars per share) $ 0.74 $ 0.30
Financial Service [Member]
Non-interest income:
Revenue from Contract with Customer $ 739 $ 714
Bank Servicing [Member]
Non-interest income:
Revenue from Contract with Customer $ 395 $ 332

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in ThousandsCommon Stock [Member]Additional Paid-in Capital [Member]Retained Earnings [Member]AOCI Attributable to Parent [Member]Unearned Employee Stock Ownership Plan Shares [Member]Treasury Stock [Member]Total
Balance at Dec. 31, 2019 $ 91 $ 40,365 $ 107,547 $ 46 $ (1,643) $ (53,758) $ 92,648
Net income 1,385 1,385
Other comprehensive income (loss), net of tax 1,275 1,275
Stock repurchases (360)(360)
Restricted stock awards (117) 117 0
Amortization of restricted stock awards 46 46
Earned employee stock ownership plan shares 53 48 101
Stock awards withheld for tax withholding (60)(60)
Balance at Mar. 31, 202091 40,347 108,932 1,321 (1,595)(54,061)95,035
Balance at Dec. 31, 202091 40,480 117,849 1,282 (1,450)(55,000)103,252
Net income 3,418 3,418
Other comprehensive income (loss), net of tax (1,241) (1,241)
Stock repurchases 0 (523)(523)
Restricted stock awards (184) 184 0
Amortization of restricted stock awards 60 60
Earned employee stock ownership plan shares 49 49 98
Balance at Mar. 31, 2021 $ 91 $ 40,405 $ 121,267 $ 41 $ (1,401) $ (55,339) $ 105,064

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Cash flows from operating activities:
Net income $ 3,418 $ 1,385
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan losses(576)460
Depreciation254 291
Amortization of premiums, net181 16
Amortization of deferred loan (fees) costs(625)2
Amortization of core deposit intangible300 300
Amortization of purchased loan fair value adjustments(5)(4)
Amortization of mortgage servicing rights297 228
Capitalized mortgage servicing rights(368)(262)
Securities (gains) losses, net(53)57
Loss on sales of real estate0 2
Gain on sales of loans(1,773)(1,134)
Proceeds from sale of loans held for sale50,040 29,514
Disbursements on loans held for sale(46,156)(29,133)
Amortization of restricted stock awards60 46
Amortization of unearned Employee Stock Ownership Plan shares49 48
Earned Employee Stock Ownership Plan shares priced above original cost49 53
Decrease in accrued interest receivable728 15
Increase (decrease) in accrued interest payable5 (76)
(Increase) decrease in other assets(1,586)505
(Decrease) increase in other liabilities(1,295)30
Other, net2 0
Net cash provided by operating activities2,671 2,068
Cash flows from investing activities:
Principal collected on securities available for sale7,498 2,633
Proceeds collected on maturities of securities available for sale25,682 25,875
Purchases of securities available for sale(66,268)(20,102)
Purchase of Federal Home Loan Bank stock(159)(79)
Proceeds from sales of real estate owned0 34
Net increase in loans receivable(960)(22,818)
Purchases of premises and equipment(66)(202)
Net cash used by investing activities(34,273)(14,659)
Cash flows from financing activities:
Increase in deposits60,274 3,649
Purchase of treasury stock(523)(360)
Stock awards withheld for tax withholding0 (60)
Increase in customer escrows973 707
Net cash provided by financing activities60,724 3,936
Increase (decrease) in cash and cash equivalents29,122 (8,655)
Cash and cash equivalents, beginning of period86,269 44,399
Cash and cash equivalents, end of period115,391 35,744
Supplemental cash flow disclosures:
Cash paid for interest448 968
Cash paid for income taxes1,921 0
Supplemental noncash flow disclosures:
Loans transferred to loans held for sale3,008 969
Transfer of loans to real estate0 139
Core Deposits [Member]
Adjustments to reconcile net income to cash provided by operating activities:
Amortization of core deposit intangible $ 25 $ 25

Note 1 - HMN Financial, Inc.

Note 1 - HMN Financial, Inc.3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] ( 1 HMN Financial, Inc. HMN Financial, Inc. (HMN or the Company) is a stock savings bank holding company that owns 100 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.

Note 2 - Basis of Preparation

Note 2 - Basis of Preparation3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Basis of Accounting [Text Block] ( 2 Basis of Preparation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10 not three March 31, 2021 not may

Note 3 - New Accounting Standar

Note 3 - New Accounting Standards3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block] ( 3 New Accounting Standards In June 2016, 2016 13, Financial Instruments-Credit Losses (Topic 326 not December 15, 2019, On November 26, 2019, 2019 11, Codification Improvements to Topic 326, Credit Losses 2016 13 first 2020 first 2023. may December 15, 2018, not first 2023. 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. 326 first 2023.

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block] ( 4 Fair Value Measurements ASC 820, Fair Value Measurements three Level 1 Level 2 not Level 3 not not The following table summarizes the assets and liabilities of the Company for which fair values are determined on a recurring basis as of March 31, 2021 December 31, 2020. Carrying Value at March 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 179,278 0 179,278 0 Equity securities 201 0 201 0 Mortgage loan commitments (27 ) 0 (27 ) 0 Total $ 179,452 0 179,452 0 Carrying Value at December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 148,090 0 148,090 0 Equity securities 149 0 149 0 Mortgage loan commitments 261 0 261 0 Total $ 148,500 0 148,500 0 The Company may March 31, 2021 December 31, 2020. Carrying Value at March 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three Months Ended March 31, 2021 Total Losses Loans held for sale $ 7,256 0 7,256 0 (113 ) Mortgage servicing rights, net 3,114 0 3,114 0 0 Impaired loans 2,752 0 2,752 0 (5 ) Real estate, net 666 0 666 0 0 Total $ 13,788 0 13,788 0 (118 ) Carrying Value at December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2020 Total Gains (Losses) Loans held for sale $ 6,186 0 6,186 0 28 Mortgage servicing rights, net 3,043 0 3,043 0 0 Impaired loans 2,888 0 2,888 0 (76 ) Real estate, net 636 0 636 0 0 Total $ 12,753 0 12,753 0 (48 )

Note 5 - Fair Value of Financia

Note 5 - Fair Value of Financial Instruments3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Financial Instruments Disclosure [Text Block] ( 5 Fair Value of Financial Instruments ASC 825, Disclosures about Fair Values of Financial Instruments March 31, 2021 December 31, 2020 no The estimated fair value of the Company's financial instruments as of March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Fair Value Hierarchy Fair Value Hierarchy (Dollars in thousands) Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Contract Amount Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Contract Amount Financial assets: Cash and cash equivalents $ 115,391 115,391 115,391 86,269 86,269 86,269 Securities available for sale 179,278 179,278 179,278 148,090 148,090 148,090 Equity securities 201 201 201 149 149 149 Loans held for sale 7,256 7,256 7,256 6,186 6,186 6,186 Loans receivable, net 641,787 646,961 646,961 642,630 648,275 648,275 Federal Home Loan Bank stock 1,092 1,092 1,092 932 932 932 Accrued interest receivable 2,374 2,374 2,374 3,102 3,102 3,102 Financial liabilities: Deposits 855,478 855,955 855,955 795,204 795,927 795,927 Accrued interest payable 145 145 145 140 140 140 Off-balance sheet financial instruments: Commitments to extend credit (27 ) (27 ) 199,178 261 261 180,330 Commitments to sell loans 69 69 27,496 (44 ) (44 ) 24,746 Cash and Cash Equivalents The carrying amount of cash and cash equivalents approximates their fair value. Securities Available for Sale The fair values of securities were based upon quoted market prices. Equity Securities The fair values of equity securities were based upon quoted market prices. Loans Held for Sale The fair values of loans held for sale were based upon quoted market prices for loans with similar interest rates and terms to maturity. Loans Receivable The fair value of the loan portfolio, with the exception of the adjustable rate portfolio, was calculated by discounting the scheduled cash flows through the estimated maturity using anticipated prepayment speeds and using discount rates that reflect the credit and interest rate risk inherent in each loan portfolio. The fair value of the adjustable loan portfolio was estimated by grouping the loans with similar characteristics and comparing the characteristics of each group to the prices quoted for similar types of loans in the secondary market. The fair value disclosures for both the fixed and adjustable rate portfolios were adjusted to reflect the exit price amount anticipated to be received from the sale of the portfolio in an open market transaction. FHLB Stock The carrying amount of FHLB stock approximates its fair value. Accrued Interest Receivable The carrying amount of accrued interest receivable approximates its fair value since it is short-term in nature and does not Deposits The fair value of demand deposits, savings accounts and certain money market account deposits is the amount payable on demand at the reporting date. The fair value of fixed maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value disclosures for all of the deposits were adjusted to reflect the exit price amount anticipated to be received from the sale of the deposits in an open market transaction . Accrued Interest Payable The carrying amount of accrued interest payable approximates its fair value since it is short-term in nature. Commitments to Extend Credit The fair values of commitments to extend credit are estimated using the fees normally charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counter parties. Commitments to Sell Loans The fair values of commitments to sell loans are estimated using the quoted market prices for loans with similar interest rates and terms to maturity.

Note 6 - Other Comprehensive (L

Note 6 - Other Comprehensive (Loss) Income3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block] ( 6 Other Comprehensive (Loss) Income Other comprehensive (loss) income is defined as the change in equity during a period from transactions and other events from non-owner sources. Comprehensive income is the total of net income and other comprehensive loss or income, which for the Company is comprised of unrealized losses or gains on securities available for sale. The components of other comprehensive (loss) income and the related tax effects were as follows: For the period ended March 31, (Dollars in thousands) 2021 2020 Securities available for sale: Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Gross unrealized (losses) gains arising during the period $ (1,721 ) (480 ) (1,241 ) 1,770 495 1,275 Other comprehensive (loss) income $ (1,721 ) (480 ) (1,241 ) 1,770 495 1,275

Note 7 - Securities Available f

Note 7 - Securities Available for Sale3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] ( 7 Securities Available For Sale 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 March 31, 2021 December 31, 2020. 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 March 31, 2021 Mortgage backed securities: Federal National Mortgage Association (FNMA) 10 $ 48,284 (591 ) 0 $ 0 0 $ 48,284 (591 ) Federal Home Loan Mortgage Corporation (FHLMC) 8 38,717 (448 ) 0 0 0 38,717 (448 ) Other marketable securities: U.S. Government agency obligations 6 29,922 (74 ) 0 0 0 29,922 (74 ) Corporate preferred stock 0 0 0 1 630 (70 ) 630 (70 ) Total temporarily impaired securities 24 $ 116,923 (1,113 ) 1 $ 630 (70 ) $ 117,553 (1,183 ) 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, 2020 Mortgage backed securities: FNMA 1 $ 4,956 (3 ) 0 $ 0 0 $ 4,956 (3 ) Other marketable securities: Corporate preferred stock 0 0 0 1 630 (70 ) 630 (70 ) Total temporarily impaired securities 1 $ 4,956 (3 ) 1 $ 630 (70 ) $ 5,586 (73 ) The Company reviews its investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the market liquidity for the investment, the financial condition and near-term prospects of the issuer, including any specific events which may March 31, 2021 March 31, 2021 not March 31, 2021 not may A summary of securities available for sale at March 31, 2021 December 31, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2021 Mortgage-backed securities: FNMA $ 83,797 878 (591 ) 84,084 FHLMC 49,563 227 (448 ) 49,342 Collateralized mortgage obligations: FNMA 74 5 0 79 133,434 1,110 (1,039 ) 133,505 Other marketable securities: U.S. Government agency obligations 45,007 130 (74 ) 45,063 Municipal obligations 79 1 0 80 Corporate preferred stock 700 0 (70 ) 630 45,786 131 (144 ) 45,773 $ 179,220 1,241 (1,183 ) 179,278 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2020 Mortgage-backed securities: FNMA $ 68,699 1,313 (3 ) 70,009 FHLMC 31,025 327 0 31,352 Collateralized mortgage obligations: FNMA 97 6 0 103 99,821 1,646 (3 ) 101,464 Other marketable securities: U.S. Government agency obligations 45,029 204 0 45,233 Municipal obligations 725 1 0 726 Corporate obligations 37 0 0 37 Corporate preferred stock 700 0 (70 ) 630 46,491 205 (70 ) 46,626 $ 146,312 1,851 (73 ) 148,090 The following table indicates amortized cost and estimated fair value of securities available for sale at March 31, 2021 (Dollars in thousands) Amortized Cost Fair Value Due less than one year $ 66,817 66,871 Due after one year through five years 94,695 94,760 Due after five years through ten years 16,898 16,907 Due after ten years 810 740 Total $ 179,220 179,278 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

Note 8 - Loans Receivable, Net

Note 8 - Loans Receivable, Net3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] ( 8 Loans Receivable, Net A summary of loans receivable at March 31, 2021 December 31, 2020 (Dollars in thousands) March 31, 2021 December 31, 2020 Single family $ 136,681 135,023 Commercial real estate: Real estate rental and leasing 195,926 202,400 Other 179,505 178,304 375,431 380,704 Consumer 49,827 55,391 Commercial business 91,398 82,673 Total loans 653,337 653,791 Less: Unamortized discounts 12 12 Net deferred loan fees 1,406 450 Allowance for loan losses 10,132 10,699 Total loans receivable, net $ 641,787 642,630

Note 9 - Allowance for Loan Los

Note 9 - Allowance for Loan Losses and Credit Quality Information3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Allowance For Loan Losses And Credit Quality Information [Text Block] ( 9 Allowance for Loan Losses and Credit Quality Information The allowance for loan losses is summarized as follows: (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total Balance, December 31, 2020 $ 1,030 7,295 1,389 985 10,699 Provision for losses (191 ) (222 ) (171 ) 8 (576 ) Charge-offs 0 0 (31 ) 0 (31 ) Recoveries 0 0 2 38 40 Balance, March 31, 2021 $ 839 7,073 1,189 1,031 10,132 Balance, December 31, 2019 $ 857 5,060 1,507 1,140 8,564 Provision for losses 80 479 87 (186 ) 460 Charge-offs 0 0 (12 ) 0 (12 ) Recoveries 0 0 1 23 24 Balance, March 31, 2020 $ 937 5,539 1,583 977 9,036 Allocated to: Specific reserves $ 29 95 100 14 238 General reserves 1,001 7,200 1,289 971 10,461 Balance, December 31, 2020 $ 1,030 7,295 1,389 985 10,699 Allocated to: Specific reserves $ 29 86 78 12 205 General reserves 810 6,987 1,111 1,019 9,927 Balance, March 31, 2021 $ 839 7,073 1,189 1,031 10,132 Loans receivable at December 31, 2020: Individually reviewed for impairment $ 857 1,484 750 35 3,126 Collectively reviewed for impairment 134,166 379,220 54,641 82,638 650,665 Ending balance $ 135,023 380,704 55,391 82,673 653,791 Loans receivable at March 31, 2021: Individually reviewed for impairment $ 852 1,408 660 37 2,957 Collectively reviewed for impairment 135,829 374,023 49,167 91,361 650,380 Ending balance $ 136,681 375,431 49,827 91,398 653,337 The following table summarizes the amount of classified and unclassified loans at March 31, 2021 December 31, 2020: March 31, 2021 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 1,207 1,956 28 0 3,191 133,490 136,681 Commercial real estate: Real estate rental and leasing 8,845 2,454 0 0 11,299 184,627 195,926 Other 8,292 5,440 0 0 13,732 165,773 179,505 Consumer 0 538 107 15 660 49,167 49,827 Commercial business 2,801 2,212 0 0 5,013 86,385 91,398 $ 21,145 12,600 135 15 33,895 619,442 653,337 December 31, 2020 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 1,219 2,845 29 0 4,093 130,930 135,023 Commercial real estate: Real estate rental and leasing 8,065 3,483 0 0 11,548 190,852 202,400 Other 8,774 9,750 0 0 18,524 159,780 178,304 Consumer 0 600 132 18 750 54,641 55,391 Commercial business 1,968 2,482 0 0 4,450 78,223 82,673 $ 20,026 19,160 161 18 39,365 614,426 653,791 Classified loans represent special mention, substandard (performing and non-performing), and non-performing loans categorized as doubtful and loss. Loans classified as special mention are loans that have potential weaknesses that, if left uncorrected, may not may not The aging of past due loans at March 31, 2021 December 31, 2020 (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 March 31, 2021 Single family $ 1,034 0 297 1,331 135,350 136,681 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 195,926 195,926 0 Other 0 0 0 0 179,505 179,505 0 Consumer 305 25 291 621 49,206 49,827 0 Commercial business 0 0 0 0 91,398 91,398 0 $ 1,339 25 588 1,952 651,385 653,337 0 December 31, 2020 Single family $ 626 38 298 962 134,061 135,023 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 202,400 202,400 0 Other 0 0 0 0 178,304 178,304 0 Consumer 458 66 279 803 54,588 55,391 0 Commercial business 0 0 0 0 82,673 82,673 0 $ 1,084 104 577 1,765 652,026 653,791 0 Impaired loans include loans that are non-performing (non-accruing) and loans that have been modified in a troubled debt restructuring (TDR). The following table summarizes impaired loans and related allowances as of March 31, 2021 December 31, 2020: March 31, 2021 December 31, 2020 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 737 756 0 740 759 0 Commercial real estate: Real estate rental and leasing 1,071 1,721 0 932 1,582 0 Other 198 198 0 211 211 0 Consumer 512 512 0 574 574 0 Loans with an allowance recorded: Single family 115 115 29 117 117 29 Commercial real estate: Real estate rental and leasing 0 0 0 166 166 5 Other 139 139 86 175 175 90 Consumer 148 148 78 176 176 100 Commercial business 37 588 12 35 586 14 Total: Single family 852 871 29 857 876 29 Commercial real estate: Real estate rental and leasing 1,071 1,721 0 1,098 1,748 5 Other 337 337 86 386 386 90 Consumer 660 660 78 750 750 100 Commercial business 37 588 12 35 586 14 $ 2,957 4,177 205 3,126 4,346 238 The following table summarizes the average recorded investment and interest income recognized on impaired loans during the three March 31, 2021 2020: March 31, 2021 March 31, 2020 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 739 6 564 5 Commercial real estate: Real estate rental and leasing 1,002 0 0 0 Other 205 0 279 2 Consumer 543 1 694 5 Loans with an allowance recorded: Single family 116 0 425 6 Commercial real estate: Real estate rental and leasing 83 0 182 0 Other 157 0 975 20 Consumer 162 0 196 2 Commercial business 36 0 433 2 Total: Single family 855 6 989 11 Commercial real estate: Real estate rental and leasing 1,085 0 182 0 Other 362 0 1,254 22 Consumer 705 1 890 7 Commercial business 36 0 433 2 $ 3,043 7 3,748 42 At March 31, 2021 December 31, 2020, $2.5 $2.7 $0.2 no $2.1 March 31, 2021 December 31, 2020. The non-accrual loans at March 31, 2021 December 31, 2020 (Dollars in thousands) March 31, 2021 December 31, 2020 Single family $ 497 $ 502 Commercial real estate: Real estate rental and leasing 1,071 1,098 Other 337 386 Consumer 612 689 Commercial business 8 9 $ 2,525 $ 2,684 At March 31, 2021 December 31, 2020, $1.6 $1.5 first 2021, not $0.1 March 31, 2021. first 2020, none $0.4 March 31, 2020. The following table summarizes TDRs at March 31, 2021 December 31, 2020: March 31, 2021 December, 31, 2020 (Dollars in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Single family $ 355 253 608 355 257 612 Commercial real estate 0 337 337 0 211 211 Consumer 49 538 587 62 568 630 Commercial business 28 0 28 25 0 25 $ 432 1,128 1,560 442 1,036 1,478 As of March 31, 2021, $1.4 75%. December 31, 2020, $1.1 TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal and/or interest due, or acceptance of real estate or other assets in full or partial satisfaction of the debt. Loan modifications are not twelve twelve When a loan is modified in a TDR, there may may three March 31, 2021 March 31, 2020. Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 1 $ 94 101 Commercial real estate: Other 1 139 139 2 293 293 Commercial business 1 14 14 0 0 0 Total 2 $ 153 153 3 $ 387 394 There were no twelve March 31, 2021 March 31, 2020 three March 31, 2021 March 31, 2020. The Company considers a loan to have defaulted when it becomes 90 six six may TDRs are reviewed for impairment following the same methodology as other impaired loans. For loans that are collateral-dependent, the value of the collateral is reviewed and additional reserves may not may $0.2 1.7%, $10.1 March 31, 2021 $0.1 0.9%, $10.7 December 31, 2020. The Coronavirus Aid, Relief, and Economic Security Act March 27, 2020 Interagency Statement on Loan Modification and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus April 7, 2020. 4013 December 31, 2021. 19 March 31, 2021 $34.5 4013 $29.2 one $5.3 may may may may

Note 10 - Intangible Assets

Note 10 - Intangible Assets3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block] ( 10 Intangible Assets The Company's intangible assets consist of core deposit intangibles, goodwill and mortgage servicing rights. A summary of mortgage servicing activity is as follows: (Dollars in thousands) Three Months Ended March 31, 2021 Twelve Months Ended December 31, 2020 Three Months Ended March 31, 2020 Balance, beginning of period $ 3,043 2,172 2,172 Originations 368 2,189 262 Amortization (297 ) (1,318 ) (228 ) Balance, end of period $ 3,114 3,043 2,206 Fair value of mortgage servicing rights $ 4,073 3,378 2,745 All of the 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 March 31, 2021: Weighted Weighted Loan Average Average Principal Interest Remaining Number (Dollars in thousands) Balance Rate Term (months) of Loans Original term 30 year fixed rate $ 400,702 3.55 % 312 2,628 Original term 15 year fixed rate 122,675 2.93 142 1,100 Amortization expense for intangible assets was $0.3 three March 31, 2021 March 31, 2020. March 31, 2021 December 31, 2020 March 31, 2021 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 5,692 (2,578 ) 3,114 Core deposit intangible 574 (542 ) 32 Goodwill 802 0 802 Total $ 7,068 (3,120 ) 3,948 December 31, 2020 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 5,691 (2,648 ) 3,043 Core deposit intangible 574 (517 ) 57 Goodwill 802 0 802 Total $ 7,067 (3,165 ) 3,902 The following table indicates the estimated future amortization expense for intangible assets: (Dollars in thousands) Mortgage Servicing Rights Core Deposit Intangible Total Intangible Assets Year ending December 31, 2021 $ 650 22 672 2022 605 10 615 2023 557 0 557 2024 508 0 508 2025 407 0 407 Thereafter 387 0 387 Total $ 3,114 32 3,146 No not may Projections of amortization are based on existing asset balances and the existing interest rate environment as of March 31, 2021. may

Note 11 - Leases

Note 11 - Leases3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block] ( 11 Leases The Company accounts for its leases in accordance with ASU 2016 02, 842 March 31, 2021 $3.0 Operating lease right-of-use assets represent the Company's right to use an underlying asset during the lease term and operating lease liabilities represent its obligation to make lease payments arising from the lease. Right-of-use assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using a discount rate that represents the Company's incremental borrowing rate at the lease commencement date. Because the Company only has operating leases and the right-of-use asset is offset by a lease payment obligation liability, the lease payments are the only amount that is recorded in occupancy expense in the consolidated statements of comprehensive income. The Company's leases relate to office space and bank branches with remaining lease terms between seventeen forty-nine three ten not not The table below summarizes the Company's net lease cost for the three March 31, 2021 2020. (Dollars in thousands) Three Months Ended Three Months Ended Operating lease cost $ 225 222 The table below summarizes other information related to the Company's operating leases: (Dollars in thousands) Three Months Ended Three Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 225 222 Weighted-average remaining lease term – operating leases, in years 3.5 4.5 Weighted-average discount rate – operating leases 2.19 % 2.19 % The table below summarizes the maturity of remaining lease liabilities at March 31, 2021: (Dollars in thousands) March 31, 2021 2021 $ 674 2022 932 2023 807 2024 729 2025 15 2026 and thereafter 0 Total lease payments 3,157 Less: Interest (123 ) Present value of lease liabilities $ 3,034

Note 12 - Earnings Per Common S

Note 12 - Earnings Per Common Share3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block] ( 12 Earnings per Common Share The following table reconciles the weighted average shares outstanding and the earnings available to common stockholders used for basic and diluted earnings per common share: Three Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2021 2020 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,560,743 4,625,908 Net dilutive effect of: Restricted stock awards and options 28,681 27,718 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,589,424 4,653,626 Income available to common stockholders $ 3,418 1,385 Basic earnings per common share $ 0.75 0.30 Diluted earnings per common share $ 0.74 0.30

Note 13 - Regulatory Capital an

Note 13 - Regulatory Capital and Oversight3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block] ( 13 Regulatory Capital and Oversight 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 System amended its Small Bank Holding Company Policy Statement (Policy Statement), to exempt small bank holding companies with assets less than $3 Quantitative measures established by regulations to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table and defined in the regulation) of Common Equity Tier 1 1 1 The Bank's average total assets for the first 2021 $932.0 $931.2 $666.6 March 31, 2021 Actual Required to be Adequately Capitalized Excess Capital 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) March 31, 2021 Common equity Tier 1 capital $ 93,092 13.97 % $ 29,997 4.50 % $ 63,095 9.47 % $ 43,329 6.50 % Tier 1 leverage 93,092 10.00 37,250 4.00 55,842 6.00 46,562 5.00 Tier 1 risk-based capital 93,092 13.97 39,996 6.00 53,096 7.97 53,328 8.00 Total risk-based capital 101,446 15.22 53,328 8.00 48,118 7.22 66,660 10.00 ( 1 1 The Bank must maintain a capital conservation buffer of 2.50% 1 March 31, 2021, no

Note 14 - Stockholders' Equity

Note 14 - Stockholders' Equity3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block] ( 14 Stockholders Equity The Company was authorized to repurchase up to $4.0 March 31, 2021. not 29,400 $0.5 first 2021.

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block] ( 15 Commitments and Contingencies The Bank issues standby letters of credit which guarantee the performance of customers to third March 31, 2021 $5.1 18 may not 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. Among the various current litigation matters, the Company is involved in a bankruptcy litigation claim where the bankruptcy trustee is attempting to recover $1.9 not $0 $0.9 not may may Based on the Company's current understanding of all of the outstanding legal matters, management does not

Note 16 - Business Segments

Note 16 - Business Segments3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block] ( 16 Business Segments The Bank has been identified as a reportable operating segment in accordance with the provisions of ASC 280. not The Company evaluates performance and allocates resources based on the segment's net income, return on average assets and return on average equity. Each corporation is managed separately with its own officers and board of directors. The following table sets forth certain information about the reconciliations of reported profit 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 quarter ended March 31, 2021: Interest income - external customers $ 7,889 0 0 7,889 Non-interest income - external customers 3,254 1 0 3,255 Intersegment interest income 0 8 (8 ) 0 Intersegment non-interest income 58 3,594 (3,652 ) 0 Interest expense 461 0 (8 ) 453 Provision for loan losses (576 ) 0 0 (576 ) Non-interest expense 6,309 228 (58 ) 6,479 Income tax expense (benefit) 1,413 (43 ) 0 1,370 Net income 3,594 3,418 (3,594 ) 3,418 Total assets 970,641 105,195 (104,531 ) 971,305 At or for the quarter ended March 31, 2020: Interest income - external customers $ 7,844 0 0 7,844 Non-interest income - external customers 2,471 0 0 2,471 Intersegment interest income 0 15 (15 ) 0 Intersegment non-interest income 59 1,524 (1,583 ) 0 Interest expense 907 0 (15 ) 892 Provision for loan losses 460 0 0 460 Non-interest expense 6,874 186 (59 ) 7,001 Income tax expense (benefit) 609 (32 ) 0 577 Net income 1,524 1,385 (1,524 ) 1,385 Total assets 783,615 95,197 (94,612 ) 784,200

Note 4 - Fair Value Measureme_2

Note 4 - Fair Value Measurements (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] Carrying Value at March 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 179,278 0 179,278 0 Equity securities 201 0 201 0 Mortgage loan commitments (27 ) 0 (27 ) 0 Total $ 179,452 0 179,452 0 Carrying Value at December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale $ 148,090 0 148,090 0 Equity securities 149 0 149 0 Mortgage loan commitments 261 0 261 0 Total $ 148,500 0 148,500 0
Fair Value Measurements, Nonrecurring [Table Text Block] Carrying Value at March 31, 2021 (Dollars in thousands) Total Level 1 Level 2 Level 3 Three Months Ended March 31, 2021 Total Losses Loans held for sale $ 7,256 0 7,256 0 (113 ) Mortgage servicing rights, net 3,114 0 3,114 0 0 Impaired loans 2,752 0 2,752 0 (5 ) Real estate, net 666 0 666 0 0 Total $ 13,788 0 13,788 0 (118 ) Carrying Value at December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Year Ended December 31, 2020 Total Gains (Losses) Loans held for sale $ 6,186 0 6,186 0 28 Mortgage servicing rights, net 3,043 0 3,043 0 0 Impaired loans 2,888 0 2,888 0 (76 ) Real estate, net 636 0 636 0 0 Total $ 12,753 0 12,753 0 (48 )

Note 5 - Fair Value of Financ_2

Note 5 - Fair Value of Financial Instruments (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block] March 31, 2021 December 31, 2020 Fair Value Hierarchy Fair Value Hierarchy (Dollars in thousands) Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Contract Amount Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Contract Amount Financial assets: Cash and cash equivalents $ 115,391 115,391 115,391 86,269 86,269 86,269 Securities available for sale 179,278 179,278 179,278 148,090 148,090 148,090 Equity securities 201 201 201 149 149 149 Loans held for sale 7,256 7,256 7,256 6,186 6,186 6,186 Loans receivable, net 641,787 646,961 646,961 642,630 648,275 648,275 Federal Home Loan Bank stock 1,092 1,092 1,092 932 932 932 Accrued interest receivable 2,374 2,374 2,374 3,102 3,102 3,102 Financial liabilities: Deposits 855,478 855,955 855,955 795,204 795,927 795,927 Accrued interest payable 145 145 145 140 140 140 Off-balance sheet financial instruments: Commitments to extend credit (27 ) (27 ) 199,178 261 261 180,330 Commitments to sell loans 69 69 27,496 (44 ) (44 ) 24,746

Note 6 - Other Comprehensive _2

Note 6 - Other Comprehensive (Loss) Income (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Comprehensive Income (Loss) [Table Text Block] For the period ended March 31, (Dollars in thousands) 2021 2020 Securities available for sale: Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Gross unrealized (losses) gains arising during the period $ (1,721 ) (480 ) (1,241 ) 1,770 495 1,275 Other comprehensive (loss) income $ (1,721 ) (480 ) (1,241 ) 1,770 495 1,275

Note 7 - Securities Available_2

Note 7 - Securities Available for Sale (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Schedule of Unrealized Loss on Investments [Table Text Block] Less Than Twelve Months Twelve Months or More Total (Dollars in thousands) # of Investments Fair Value Unrealized Losses # of Investments Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2021 Mortgage backed securities: Federal National Mortgage Association (FNMA) 10 $ 48,284 (591 ) 0 $ 0 0 $ 48,284 (591 ) Federal Home Loan Mortgage Corporation (FHLMC) 8 38,717 (448 ) 0 0 0 38,717 (448 ) Other marketable securities: U.S. Government agency obligations 6 29,922 (74 ) 0 0 0 29,922 (74 ) Corporate preferred stock 0 0 0 1 630 (70 ) 630 (70 ) Total temporarily impaired securities 24 $ 116,923 (1,113 ) 1 $ 630 (70 ) $ 117,553 (1,183 ) 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, 2020 Mortgage backed securities: FNMA 1 $ 4,956 (3 ) 0 $ 0 0 $ 4,956 (3 ) Other marketable securities: Corporate preferred stock 0 0 0 1 630 (70 ) 630 (70 ) Total temporarily impaired securities 1 $ 4,956 (3 ) 1 $ 630 (70 ) $ 5,586 (73 )
Available-for-sale Securities [Table Text Block] (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2021 Mortgage-backed securities: FNMA $ 83,797 878 (591 ) 84,084 FHLMC 49,563 227 (448 ) 49,342 Collateralized mortgage obligations: FNMA 74 5 0 79 133,434 1,110 (1,039 ) 133,505 Other marketable securities: U.S. Government agency obligations 45,007 130 (74 ) 45,063 Municipal obligations 79 1 0 80 Corporate preferred stock 700 0 (70 ) 630 45,786 131 (144 ) 45,773 $ 179,220 1,241 (1,183 ) 179,278 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2020 Mortgage-backed securities: FNMA $ 68,699 1,313 (3 ) 70,009 FHLMC 31,025 327 0 31,352 Collateralized mortgage obligations: FNMA 97 6 0 103 99,821 1,646 (3 ) 101,464 Other marketable securities: U.S. Government agency obligations 45,029 204 0 45,233 Municipal obligations 725 1 0 726 Corporate obligations 37 0 0 37 Corporate preferred stock 700 0 (70 ) 630 46,491 205 (70 ) 46,626 $ 146,312 1,851 (73 ) 148,090
Available-for-sale Securities [Member]
Notes Tables
Contractual Obligation, Fiscal Year Maturity [Table Text Block] (Dollars in thousands) Amortized Cost Fair Value Due less than one year $ 66,817 66,871 Due after one year through five years 94,695 94,760 Due after five years through ten years 16,898 16,907 Due after ten years 810 740 Total $ 179,220 179,278

Note 8 - Loans Receivable, Net

Note 8 - Loans Receivable, Net (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Summary of Loans Receivable [Table Text Block] (Dollars in thousands) March 31, 2021 December 31, 2020 Single family $ 136,681 135,023 Commercial real estate: Real estate rental and leasing 195,926 202,400 Other 179,505 178,304 375,431 380,704 Consumer 49,827 55,391 Commercial business 91,398 82,673 Total loans 653,337 653,791 Less: Unamortized discounts 12 12 Net deferred loan fees 1,406 450 Allowance for loan losses 10,132 10,699 Total loans receivable, net $ 641,787 642,630

Note 9 - Allowance for Loan L_2

Note 9 - Allowance for Loan Losses and Credit Quality Information (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block] (Dollars in thousands) Single Family Commercial Real Estate Consumer Commercial Business Total Balance, December 31, 2020 $ 1,030 7,295 1,389 985 10,699 Provision for losses (191 ) (222 ) (171 ) 8 (576 ) Charge-offs 0 0 (31 ) 0 (31 ) Recoveries 0 0 2 38 40 Balance, March 31, 2021 $ 839 7,073 1,189 1,031 10,132 Balance, December 31, 2019 $ 857 5,060 1,507 1,140 8,564 Provision for losses 80 479 87 (186 ) 460 Charge-offs 0 0 (12 ) 0 (12 ) Recoveries 0 0 1 23 24 Balance, March 31, 2020 $ 937 5,539 1,583 977 9,036 Allocated to: Specific reserves $ 29 95 100 14 238 General reserves 1,001 7,200 1,289 971 10,461 Balance, December 31, 2020 $ 1,030 7,295 1,389 985 10,699 Allocated to: Specific reserves $ 29 86 78 12 205 General reserves 810 6,987 1,111 1,019 9,927 Balance, March 31, 2021 $ 839 7,073 1,189 1,031 10,132 Loans receivable at December 31, 2020: Individually reviewed for impairment $ 857 1,484 750 35 3,126 Collectively reviewed for impairment 134,166 379,220 54,641 82,638 650,665 Ending balance $ 135,023 380,704 55,391 82,673 653,791 Loans receivable at March 31, 2021: Individually reviewed for impairment $ 852 1,408 660 37 2,957 Collectively reviewed for impairment 135,829 374,023 49,167 91,361 650,380 Ending balance $ 136,681 375,431 49,827 91,398 653,337
Financing Receivable Credit Quality Indicators [Table Text Block] March 31, 2021 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 1,207 1,956 28 0 3,191 133,490 136,681 Commercial real estate: Real estate rental and leasing 8,845 2,454 0 0 11,299 184,627 195,926 Other 8,292 5,440 0 0 13,732 165,773 179,505 Consumer 0 538 107 15 660 49,167 49,827 Commercial business 2,801 2,212 0 0 5,013 86,385 91,398 $ 21,145 12,600 135 15 33,895 619,442 653,337 December 31, 2020 Classified Unclassified (Dollars in thousands) Special Mention Substandard Doubtful Loss Total Total Total Loans Single family $ 1,219 2,845 29 0 4,093 130,930 135,023 Commercial real estate: Real estate rental and leasing 8,065 3,483 0 0 11,548 190,852 202,400 Other 8,774 9,750 0 0 18,524 159,780 178,304 Consumer 0 600 132 18 750 54,641 55,391 Commercial business 1,968 2,482 0 0 4,450 78,223 82,673 $ 20,026 19,160 161 18 39,365 614,426 653,791
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 March 31, 2021 Single family $ 1,034 0 297 1,331 135,350 136,681 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 195,926 195,926 0 Other 0 0 0 0 179,505 179,505 0 Consumer 305 25 291 621 49,206 49,827 0 Commercial business 0 0 0 0 91,398 91,398 0 $ 1,339 25 588 1,952 651,385 653,337 0 December 31, 2020 Single family $ 626 38 298 962 134,061 135,023 0 Commercial real estate: Real estate rental and leasing 0 0 0 0 202,400 202,400 0 Other 0 0 0 0 178,304 178,304 0 Consumer 458 66 279 803 54,588 55,391 0 Commercial business 0 0 0 0 82,673 82,673 0 $ 1,084 104 577 1,765 652,026 653,791 0
Impaired Financing Receivables [Table Text Block] March 31, 2021 December 31, 2020 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance Loans with no related allowance recorded: Single family $ 737 756 0 740 759 0 Commercial real estate: Real estate rental and leasing 1,071 1,721 0 932 1,582 0 Other 198 198 0 211 211 0 Consumer 512 512 0 574 574 0 Loans with an allowance recorded: Single family 115 115 29 117 117 29 Commercial real estate: Real estate rental and leasing 0 0 0 166 166 5 Other 139 139 86 175 175 90 Consumer 148 148 78 176 176 100 Commercial business 37 588 12 35 586 14 Total: Single family 852 871 29 857 876 29 Commercial real estate: Real estate rental and leasing 1,071 1,721 0 1,098 1,748 5 Other 337 337 86 386 386 90 Consumer 660 660 78 750 750 100 Commercial business 37 588 12 35 586 14 $ 2,957 4,177 205 3,126 4,346 238 March 31, 2021 March 31, 2020 (Dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans with no related allowance recorded: Single family $ 739 6 564 5 Commercial real estate: Real estate rental and leasing 1,002 0 0 0 Other 205 0 279 2 Consumer 543 1 694 5 Loans with an allowance recorded: Single family 116 0 425 6 Commercial real estate: Real estate rental and leasing 83 0 182 0 Other 157 0 975 20 Consumer 162 0 196 2 Commercial business 36 0 433 2 Total: Single family 855 6 989 11 Commercial real estate: Real estate rental and leasing 1,085 0 182 0 Other 362 0 1,254 22 Consumer 705 1 890 7 Commercial business 36 0 433 2 $ 3,043 7 3,748 42
Financing Receivable, Nonaccrual [Table Text Block] (Dollars in thousands) March 31, 2021 December 31, 2020 Single family $ 497 $ 502 Commercial real estate: Real estate rental and leasing 1,071 1,098 Other 337 386 Consumer 612 689 Commercial business 8 9 $ 2,525 $ 2,684
Financing Receivable, Troubled Debt Restructuring [Table Text Block] March 31, 2021 December, 31, 2020 (Dollars in thousands) Accruing Non-Accrual Total Accruing Non-Accrual Total Single family $ 355 253 608 355 257 612 Commercial real estate 0 337 337 0 211 211 Consumer 49 538 587 62 568 630 Commercial business 28 0 28 25 0 25 $ 432 1,128 1,560 442 1,036 1,478
Financial Effects of Troubled Debt Restructurings and Difference Between Outstanding Recorded Balance Pre Modification and Post Modification [Table Text Block] Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 (Dollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Single family 0 $ 0 0 1 $ 94 101 Commercial real estate: Other 1 139 139 2 293 293 Commercial business 1 14 14 0 0 0 Total 2 $ 153 153 3 $ 387 394

Note 10 - Intangible Assets (Ta

Note 10 - Intangible Assets (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Servicing Liability at Amortized Cost [Table Text Block] (Dollars in thousands) Three Months Ended March 31, 2021 Twelve Months Ended December 31, 2020 Three Months Ended March 31, 2020 Balance, beginning of period $ 3,043 2,172 2,172 Originations 368 2,189 262 Amortization (297 ) (1,318 ) (228 ) Balance, end of period $ 3,114 3,043 2,206 Fair value of mortgage servicing rights $ 4,073 3,378 2,745
Summary of Risk Characteristics of Loans Being Serviced [Table Text Block] Weighted Weighted Loan Average Average Principal Interest Remaining Number (Dollars in thousands) Balance Rate Term (months) of Loans Original term 30 year fixed rate $ 400,702 3.55 % 312 2,628 Original term 15 year fixed rate 122,675 2.93 142 1,100
Schedule of Finite-Lived Intangible Assets [Table Text Block] March 31, 2021 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 5,692 (2,578 ) 3,114 Core deposit intangible 574 (542 ) 32 Goodwill 802 0 802 Total $ 7,068 (3,120 ) 3,948 December 31, 2020 Gross Unamortized Carrying Accumulated Intangible (Dollars in thousands) Amount Amortization Assets Mortgage servicing rights $ 5,691 (2,648 ) 3,043 Core deposit intangible 574 (517 ) 57 Goodwill 802 0 802 Total $ 7,067 (3,165 ) 3,902
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] (Dollars in thousands) Mortgage Servicing Rights Core Deposit Intangible Total Intangible Assets Year ending December 31, 2021 $ 650 22 672 2022 605 10 615 2023 557 0 557 2024 508 0 508 2025 407 0 407 Thereafter 387 0 387 Total $ 3,114 32 3,146

Note 11 - Leases (Tables)

Note 11 - Leases (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Lease, Cost [Table Text Block] (Dollars in thousands) Three Months Ended Three Months Ended Operating lease cost $ 225 222
Other Information Related to Operating Leases [Table Text Block] (Dollars in thousands) Three Months Ended Three Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 225 222 Weighted-average remaining lease term – operating leases, in years 3.5 4.5 Weighted-average discount rate – operating leases 2.19 % 2.19 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block] (Dollars in thousands) March 31, 2021 2021 $ 674 2022 932 2023 807 2024 729 2025 15 2026 and thereafter 0 Total lease payments 3,157 Less: Interest (123 ) Present value of lease liabilities $ 3,034

Note 12 - Earnings Per Common_2

Note 12 - Earnings Per Common Share (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Three Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2021 2020 Weighted average number of common shares outstanding used in basic earnings per common share calculation 4,560,743 4,625,908 Net dilutive effect of: Restricted stock awards and options 28,681 27,718 Weighted average number of shares outstanding adjusted for effect of dilutive securities 4,589,424 4,653,626 Income available to common stockholders $ 3,418 1,385 Basic earnings per common share $ 0.75 0.30 Diluted earnings per common share $ 0.74 0.30

Note 13 - Regulatory Capital _2

Note 13 - Regulatory Capital and Oversight (Tables)3 Months Ended
Mar. 31, 2021
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] Actual Required to be Adequately Capitalized Excess Capital 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) March 31, 2021 Common equity Tier 1 capital $ 93,092 13.97 % $ 29,997 4.50 % $ 63,095 9.47 % $ 43,329 6.50 % Tier 1 leverage 93,092 10.00 37,250 4.00 55,842 6.00 46,562 5.00 Tier 1 risk-based capital 93,092 13.97 39,996 6.00 53,096 7.97 53,328 8.00 Total risk-based capital 101,446 15.22 53,328 8.00 48,118 7.22 66,660 10.00

Note 16 - Business Segments (Ta

Note 16 - Business Segments (Tables)3 Months Ended
Mar. 31, 2021
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 quarter ended March 31, 2021: Interest income - external customers $ 7,889 0 0 7,889 Non-interest income - external customers 3,254 1 0 3,255 Intersegment interest income 0 8 (8 ) 0 Intersegment non-interest income 58 3,594 (3,652 ) 0 Interest expense 461 0 (8 ) 453 Provision for loan losses (576 ) 0 0 (576 ) Non-interest expense 6,309 228 (58 ) 6,479 Income tax expense (benefit) 1,413 (43 ) 0 1,370 Net income 3,594 3,418 (3,594 ) 3,418 Total assets 970,641 105,195 (104,531 ) 971,305 At or for the quarter ended March 31, 2020: Interest income - external customers $ 7,844 0 0 7,844 Non-interest income - external customers 2,471 0 0 2,471 Intersegment interest income 0 15 (15 ) 0 Intersegment non-interest income 59 1,524 (1,583 ) 0 Interest expense 907 0 (15 ) 892 Provision for loan losses 460 0 0 460 Non-interest expense 6,874 186 (59 ) 7,001 Income tax expense (benefit) 609 (32 ) 0 577 Net income 1,524 1,385 (1,524 ) 1,385 Total assets 783,615 95,197 (94,612 ) 784,200

Note 1 - HMN Financial, Inc. (D

Note 1 - HMN Financial, Inc. (Details Textual)3 Months Ended
Mar. 31, 2021
Percentage Of Ownership In Subsidiaries100.00%
Number of Wholly Owned Subsidiaries2

Note 4 - Fair Value Measureme_3

Note 4 - Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Securities available for sale $ 179,278 $ 148,090
Fair Value, Recurring [Member]
Securities available for sale179,278 148,090
Equity securities201 149
Mortgage loan commitments(27)261
Total179,452 148,500
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale0 0
Equity securities0 0
Mortgage loan commitments0 0
Total0 0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale179,278 148,090
Equity securities201 149
Mortgage loan commitments(27)261
Total179,452 148,500
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale0 0
Equity securities0 0
Mortgage loan commitments0 0
Total $ 0 $ 0

Note 4 - Fair Value Measureme_4

Note 4 - Fair Value Measurements - Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands3 Months Ended12 Months Ended
Mar. 31, 2021Dec. 31, 2020
Loans held for sale, Total gains (losses) $ (113) $ 28
Mortgage servicing rights, Total gains (losses)0 0
Impaired loanss, Total gains (losses)(5)(76)
Real estate, net (2), Total gains (losses)0 0
Total, Total gains (losses)(118)(48)
Fair Value, Nonrecurring [Member]
Loans held for sale7,256 6,186
Mortgage servicing rights, net3,114 3,043
Impaired loans2,752 2,888
Real estate, net666 636
Total13,788 12,753
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Loans held for sale0 0
Mortgage servicing rights, net0 0
Impaired loans0 0
Real estate, net0 0
Total0 0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held for sale7,256 6,186
Mortgage servicing rights, net3,114 3,043
Impaired loans2,752 2,888
Real estate, net666 636
Total13,788 12,753
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale0 0
Mortgage servicing rights, net0 0
Impaired loans0 0
Real estate, net0 0
Total $ 0 $ 0

Note 5 - Fair Value of Financ_3

Note 5 - Fair Value of Financial Instruments - Estimated Fair Value of Company's Financial Instruments (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Securities available for sale $ 179,278 $ 148,090
Loans receivable, net641,787 642,630
Reported Value Measurement [Member]
Cash and cash equivalents115,391 86,269
Securities available for sale179,278 148,090
Equity securities201 149
Loans held for sale7,256 6,186
Loans receivable, net641,787 642,630
Federal Home Loan Bank stock1,092 932
Accrued interest receivable2,374 3,102
Deposits855,478 795,204
Accrued interest payable145 140
Commitments to extend credit(27)261
Commitments to sell loans69 (44)
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents115,391 86,269
Securities available for sale179,278 148,090
Equity securities201 149
Loans held for sale7,256 6,186
Loans receivable, net646,961 648,275
Federal Home Loan Bank stock1,092 932
Accrued interest receivable2,374 3,102
Deposits855,955 795,927
Accrued interest payable145 140
Commitments to extend credit(27)261
Commitments to sell loans69 (44)
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents115,391 86,269
Securities available for sale
Equity securities
Loans held for sale
Loans receivable, net
Federal Home Loan Bank stock
Accrued interest receivable
Deposits
Accrued interest payable
Commitments to extend credit
Commitments to sell loans
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Securities available for sale179,278 148,090
Equity securities201 149
Loans held for sale7,256 6,186
Loans receivable, net646,961 648,275
Federal Home Loan Bank stock1,092 932
Accrued interest receivable2,374 3,102
Deposits855,955 795,927
Accrued interest payable145 140
Commitments to extend credit
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
Federal Home Loan Bank stock
Accrued interest receivable
Deposits
Accrued interest payable
Commitments to extend credit
Commitments to sell loans
Portion at Other than Fair Value Measurement [Member]
Cash and cash equivalents
Securities available for sale
Equity securities
Loans held for sale
Loans receivable, net
Federal Home Loan Bank stock
Accrued interest receivable
Deposits
Accrued interest payable
Commitments to extend credit199,178 180,330
Commitments to sell loans $ 27,496 $ 24,746

Note 6 - Other Comprehensive _3

Note 6 - Other Comprehensive (Loss) Income - Components of Other Comprehensive (Loss) Income and Related Tax Effects (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Gross unrealized (losses) gains arising during the period, before tax $ (1,721) $ 1,770
Gross unrealized (losses) gains arising during the period, tax(480)495
Gross unrealized (losses) gains arising during the period, net of tax(1,241)1,275
Other comprehensive income (loss), before tax(1,721)1,770
Other comprehensive income (loss), tax(480)495
Other comprehensive income (loss), net of tax $ (1,241) $ 1,275

Note 7 - Securities Available_3

Note 7 - Securities Available for Sale (Details Textual) $ in Thousands3 Months Ended
Mar. 31, 2021USD ($)
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total $ 0

Note 7 - Securities Available_4

Note 7 - Securities Available for Sale - Securities in a Continuous Unrealized Loss Position (Details) $ in ThousandsMar. 31, 2021USD ($)Dec. 31, 2020USD ($)
Less Than Twelve Months # of Investments24 1
Less Than Twelve Months Fair Value $ 116,923 $ 4,956
Less Than Twelve Months Unrealized Losses $ (1,113) $ (3)
Twelve Months or More # of Investments1 1
Twelve Months or More Fair Value $ 630 $ 630
Twelve Months or More Unrealized Losses(70)(70)
Total fair value117,553 5,586
Total temporarily impaired securities $ (1,183) $ (73)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member]
Less Than Twelve Months # of Investments10
Less Than Twelve Months Fair Value $ 48,284
Less Than Twelve Months Unrealized Losses $ (591)
Twelve Months or More # of Investments0
Twelve Months or More Fair Value $ 0
Twelve Months or More Unrealized Losses0
Total fair value48,284
Total temporarily impaired securities $ (591)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
Less Than Twelve Months # of Investments8
Less Than Twelve Months Fair Value $ 38,717
Less Than Twelve Months Unrealized Losses $ (448)
Twelve Months or More # of Investments0
Twelve Months or More Fair Value $ 0
Twelve Months or More Unrealized Losses0
Total fair value38,717
Total temporarily impaired securities $ (448)
Collateralized Mortgage Backed Securities [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member]
Less Than Twelve Months # of Investments1
Less Than Twelve Months Fair Value $ 4,956
Less Than Twelve Months Unrealized Losses $ (3)
Twelve Months or More # of Investments0
Twelve Months or More Fair Value $ 0
Twelve Months or More Unrealized Losses0
Total fair value4,956
Total temporarily impaired securities $ (3)
Other Marketable Securities [Member] | Preferred Stock [Member]
Less Than Twelve Months # of Investments0 0
Less Than Twelve Months Fair Value $ 0 $ 0
Less Than Twelve Months Unrealized Losses $ 0 $ 0
Twelve Months or More # of Investments1 1
Twelve Months or More Fair Value $ 630 $ 630
Twelve Months or More Unrealized Losses(70)(70)
Total fair value630 630
Total temporarily impaired securities $ (70) $ (70)
Other Marketable Securities [Member] | US Government Agencies Debt Securities [Member]
Less Than Twelve Months # of Investments6
Less Than Twelve Months Fair Value $ 29,922
Less Than Twelve Months Unrealized Losses $ (74)
Twelve Months or More # of Investments0
Twelve Months or More Fair Value $ 0
Twelve Months or More Unrealized Losses0
Total fair value29,922
Total temporarily impaired securities $ (74)

Note 7 - Securities Available_5

Note 7 - Securities Available for Sale - Summary of Securities Available for Sale (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Securities available for sale, amortized cost $ 179,220 $ 146,312
Investment securities available for sale, gross unrealized gains1,241 1,851
Investment securities available for sale, gross unrealized losses(1,183)(73)
Securities available for sale179,278 148,090
Collateralized Mortgage Backed Securities [Member]
Securities available for sale, amortized cost133,434 99,821
Investment securities available for sale, gross unrealized gains1,110 1,646
Investment securities available for sale, gross unrealized losses(1,039)(3)
Securities available for sale133,505 101,464
Other Marketable Securities [Member]
Securities available for sale, amortized cost45,786 46,491
Investment securities available for sale, gross unrealized gains131 205
Investment securities available for sale, gross unrealized losses(144)(70)
Securities available for sale45,773 46,626
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available for sale, amortized cost83,797 68,699
Investment securities available for sale, gross unrealized gains878 1,313
Investment securities available for sale, gross unrealized losses(591)(3)
Securities available for sale84,084 70,009
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | Collateralized Mortgage Obligations [Member]
Securities available for sale, amortized cost74 97
Investment securities available for sale, gross unrealized gains5 6
Investment securities available for sale, gross unrealized losses0 0
Securities available for sale79 103
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available for sale, amortized cost49,563 31,025
Investment securities available for sale, gross unrealized gains227 327
Investment securities available for sale, gross unrealized losses(448)0
Securities available for sale49,342 31,352
US Government Agencies Debt Securities [Member] | Other Marketable Securities [Member]
Securities available for sale, amortized cost45,007 45,029
Investment securities available for sale, gross unrealized gains130 204
Investment securities available for sale, gross unrealized losses(74)0
Securities available for sale45,063 45,233
US States and Political Subdivisions Debt Securities [Member] | Other Marketable Securities [Member]
Securities available for sale, amortized cost79 725
Investment securities available for sale, gross unrealized gains1 1
Investment securities available for sale, gross unrealized losses0 0
Securities available for sale80 726
Preferred Stock [Member] | Other Marketable Securities [Member]
Securities available for sale, amortized cost700 700
Investment securities available for sale, gross unrealized gains0 0
Investment securities available for sale, gross unrealized losses(70)(70)
Securities available for sale $ 630 630
Corporate Debt Securities [Member] | Other Marketable Securities [Member]
Securities available for sale, amortized cost37
Investment securities available for sale, gross unrealized gains0
Investment securities available for sale, gross unrealized losses0
Securities available for sale $ 37

Note 7 - Securities Available_6

Note 7 - Securities Available for Sale - Securities by Contractual Maturity (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Due less than one year, amortized cost $ 66,817
Due less than one year, fair value66,871
Due after one year through five years, amortized cost94,695
Due after one year through five years, fair value94,760
Due after five years through ten years, amortized cost16,898
Due after five years through ten years, fair value16,907
Due after ten years, amortized cost810
Due after ten years, fair value740
Total, amortized cost179,220 $ 146,312
Total, fair value $ 179,278 $ 148,090

Note 8 - Loans Receivable, Ne_2

Note 8 - Loans Receivable, Net - Loans Receivable (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020Mar. 31, 2020Dec. 31, 2019
Loans receivable $ 653,337 $ 653,791
Unamortized discounts12 12
Net deferred loan fees1,406 450
Allowance for loan losses10,132 10,699 $ 9,036 $ 8,564
Total loans receivable, net641,787 642,630
Residential Portfolio Segment [Member]
Loans receivable136,681 135,023
Allowance for loan losses839 1,030 937 857
Commercial Real Estate Portfolio Segment [Member]
Loans receivable375,431 380,704
Allowance for loan losses7,073 7,295 5,539 5,060
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable195,926 202,400
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable179,505 178,304
Consumer Portfolio Segment [Member]
Loans receivable49,827 55,391
Allowance for loan losses1,189 1,389 1,583 1,507
Commercial Portfolio Segment [Member]
Loans receivable91,398 82,673
Allowance for loan losses $ 1,031 $ 985 $ 977 $ 1,140

Note 9 - Allowance for Loan L_3

Note 9 - Allowance for Loan Losses and Credit Quality Information (Details Textual) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020Dec. 31, 2019
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest $ 2,525 $ 2,684
Impaired Financing Receivable, Related Allowance205 238
Loan Receivable for Which Value of Collateral Sufficient to Repay2,100 2,100
Financing Receivable, Troubled Debt Restructuring1,560 1,478
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend $ 1,400 1,100
Loan to Value Ratio75.00%
Financing Receivable, Troubled Debt Restructuring, Subsequent Default $ 0 $ 0
Financing Receivable, Troubled Debt Restructuring, Reserves $ 200 $ 100
Percentage Reserves For Loan Losses On Troubled Debt Restructurings1.70%0.90%
Loans and Leases Receivable, Allowance, Ending Balance $ 10,132 9,036 $ 10,699 $ 8,564
Financing Receivable, Deferred Loans with Granted Loan Modifications34,500
Financing Receivable, Deferred Loans with Granted Loan Modifications, Interest Only Payments, Amount29,200
Financing Receivable, Deferred Loans with Granted Loan Modifications, Loan Amortization Period Increased, Amount5,300
Nonperforming Financial Instruments [Member]
Impaired Financing Receivable, Related Allowance200 200
Financing Receivable, Troubled Debt Restructuring1,128 1,036
Nonperforming Financial Instruments [Member] | Classified [Member]
Financing Receivable, Troubled Debt Restructuring100 400
Performing Financial Instruments [Member]
Financing Receivable, Troubled Debt Restructuring $ 432 $ 442
Performing Financial Instruments [Member] | Classified [Member]
Financing Receivable, Troubled Debt Restructuring $ 0

Note 9 - Allowance for Loan L_4

Note 9 - Allowance for Loan Losses and Credit Quality Information - Allowance for Loan Losses (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020Mar. 31, 2021Dec. 31, 2020
Balance $ 10,699 $ 8,564
Provision for losses(576)460
Charge-offs(31)(12)
Recoveries40 24
Balance10,132 9,036
Specific reserves $ 205 $ 238
General reserves9,927 10,461
Balance10,699 9,036 10,132 10,699
Individually reviewed for impairment2,957 3,126
Collectively reviewed for impairment650,380 650,665
Ending balance653,337 653,791
Residential Portfolio Segment [Member]
Balance1,030 857
Provision for losses(191)80
Charge-offs0 0
Recoveries0 0
Balance839 937
Specific reserves29 29
General reserves810 1,001
Balance839 937 839 1,030
Individually reviewed for impairment852 857
Collectively reviewed for impairment135,829 134,166
Ending balance136,681 135,023
Commercial Real Estate Portfolio Segment [Member]
Balance7,295 5,060
Provision for losses(222)479
Charge-offs0 0
Recoveries0 0
Balance7,073 5,539
Specific reserves86 95
General reserves6,987 7,200
Balance7,073 5,539 7,073 7,295
Individually reviewed for impairment1,408 1,484
Collectively reviewed for impairment374,023 379,220
Ending balance375,431 380,704
Consumer Portfolio Segment [Member]
Balance1,389 1,507
Provision for losses(171)87
Charge-offs(31)(12)
Recoveries2 1
Balance1,189 1,583
Specific reserves78 100
General reserves1,111 1,289
Balance1,189 1,583 1,189 1,389
Individually reviewed for impairment660 750
Collectively reviewed for impairment49,167 54,641
Ending balance49,827 55,391
Commercial Portfolio Segment [Member]
Balance985 1,140
Provision for losses8 (186)
Charge-offs0 0
Recoveries38 23
Balance1,031 977
Specific reserves12 14
General reserves1,019 971
Balance $ 1,031 $ 977 1,031 985
Individually reviewed for impairment37 35
Collectively reviewed for impairment91,361 82,638
Ending balance $ 91,398 $ 82,673

Note 9 - Allowance for Loan L_5

Note 9 - Allowance for Loan Losses and Credit Quality Information - Classified and Unclassified Loans (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Loans receivable $ 653,337 $ 653,791
Classified [Member]
Loans receivable33,895 39,365
Classified [Member] | Special Mention [Member]
Loans receivable21,145 20,026
Classified [Member] | Substandard [Member]
Loans receivable12,600 19,160
Classified [Member] | Doubtful [Member]
Loans receivable135 161
Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable15 18
Unclassified [Member]
Loans receivable619,442 614,426
Residential Portfolio Segment [Member]
Loans receivable136,681 135,023
Residential Portfolio Segment [Member] | Classified [Member]
Loans receivable3,191 4,093
Residential Portfolio Segment [Member] | Classified [Member] | Special Mention [Member]
Loans receivable1,207 1,219
Residential Portfolio Segment [Member] | Classified [Member] | Substandard [Member]
Loans receivable1,956 2,845
Residential Portfolio Segment [Member] | Classified [Member] | Doubtful [Member]
Loans receivable28 29
Residential Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable0 0
Residential Portfolio Segment [Member] | Unclassified [Member]
Loans receivable133,490 130,930
Commercial Real Estate Portfolio Segment [Member]
Loans receivable375,431 380,704
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans receivable195,926 202,400
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans receivable179,505 178,304
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Real Estate Loan [Member]
Loans receivable11,299 11,548
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Commercial Real Estate Other [Member]
Loans receivable13,732 18,524
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Real Estate Loan [Member]
Loans receivable8,845 8,065
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Special Mention [Member] | Commercial Real Estate Other [Member]
Loans receivable8,292 8,774
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Real Estate Loan [Member]
Loans receivable2,454 3,483
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Substandard [Member] | Commercial Real Estate Other [Member]
Loans receivable5,440 9,750
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Real Estate Loan [Member]
Loans receivable0 0
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Doubtful [Member] | Commercial Real Estate Other [Member]
Loans receivable0 0
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Real Estate Loan [Member]
Loans receivable0 0
Commercial Real Estate Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Real Estate Other [Member]
Loans receivable0 0
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Real Estate Loan [Member]
Loans receivable184,627 190,852
Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member] | Commercial Real Estate Other [Member]
Loans receivable165,773 159,780
Consumer Portfolio Segment [Member]
Loans receivable49,827 55,391
Consumer Portfolio Segment [Member] | Classified [Member]
Loans receivable660 750
Consumer Portfolio Segment [Member] | Classified [Member] | Special Mention [Member]
Loans receivable0 0
Consumer Portfolio Segment [Member] | Classified [Member] | Substandard [Member]
Loans receivable538 600
Consumer Portfolio Segment [Member] | Classified [Member] | Doubtful [Member]
Loans receivable107 132
Consumer Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable15 18
Consumer Portfolio Segment [Member] | Unclassified [Member]
Loans receivable49,167 54,641
Commercial Portfolio Segment [Member]
Loans receivable91,398 82,673
Commercial Portfolio Segment [Member] | Classified [Member]
Loans receivable5,013 4,450
Commercial Portfolio Segment [Member] | Classified [Member] | Special Mention [Member]
Loans receivable2,801 1,968
Commercial Portfolio Segment [Member] | Classified [Member] | Substandard [Member]
Loans receivable2,212 2,482
Commercial Portfolio Segment [Member] | Classified [Member] | Doubtful [Member]
Loans receivable0 0
Commercial Portfolio Segment [Member] | Classified [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans receivable0 0
Commercial Portfolio Segment [Member] | Unclassified [Member]
Loans receivable $ 86,385 $ 78,223

Note 9 - Allowance for Loan L_6

Note 9 - Allowance for Loan Losses and Credit Quality Information - Aging of Past Due Loans (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Loans past due $ 1,952 $ 1,765
Current loans651,385 652,026
Loans receivable653,337 653,791
Loans 90 days or more past due and still accruing0 0
Residential Portfolio Segment [Member]
Loans past due1,331 962
Current loans135,350 134,061
Loans receivable136,681 135,023
Loans 90 days or more past due and still accruing0 0
Commercial Real Estate Portfolio Segment [Member]
Loans receivable375,431 380,704
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans past due0 0
Current loans195,926 202,400
Loans receivable195,926 202,400
Loans 90 days or more past due and still accruing0 0
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans past due0 0
Current loans179,505 178,304
Loans receivable179,505 178,304
Loans 90 days or more past due and still accruing0 0
Consumer Portfolio Segment [Member]
Loans past due621 803
Current loans49,206 54,588
Loans receivable49,827 55,391
Loans 90 days or more past due and still accruing0 0
Commercial Portfolio Segment [Member]
Loans past due0 0
Current loans91,398 82,673
Loans receivable91,398 82,673
Loans 90 days or more past due and still accruing0 0
Financial Asset, 30 to 59 Days Past Due [Member]
Loans past due1,339 1,084
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans past due1,034 626
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans past due0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans past due0 0
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans past due305 458
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans past due0 0
Financial Asset, 60 to 89 Days Past Due [Member]
Loans past due25 104
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans past due0 38
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans past due0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Loans past due0 0
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans past due25 66
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans past due0 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans past due588 577
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Loans past due297 298
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Loans past due0 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 past due0 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans past due291 279
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Loans past due $ 0 $ 0

Note 9 - Allowance for Loan L_7

Note 9 - Allowance for Loan Losses and Credit Quality Information - Impaired Loans and Related Allowances (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020
Related allowance $ 205 $ 238
Recorded investment2,957 3,126
Unpaid principal balance4,177 4,346
Average recorded investment3,043 $ 3,748
Interest income recognized7 42
Residential Portfolio Segment [Member]
Recorded investment, with no related allowance737 740
Unpaid principal balance, with no related allowance756 759
Recorded investment, with related allowance115 117
Unpaid principal balance, with related allowance115 117
Related allowance29 29
Recorded investment852 857
Unpaid principal balance871 876
Average recorded investment, with no related allowance739 564
Interest income recognized, with no related allowance6 5
Average recorded investment, with related allowance116 425
Interest income recognized, with related allowance0 6
Average recorded investment855 989
Interest income recognized6 11
Commercial Real Estate Portfolio Segment [Member]
Related allowance86 95
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Recorded investment, with no related allowance1,071 932
Unpaid principal balance, with no related allowance1,721 1,582
Recorded investment, with related allowance0 166
Unpaid principal balance, with related allowance0 166
Related allowance0 5
Recorded investment1,071 1,098
Unpaid principal balance1,721 1,748
Average recorded investment, with no related allowance1,002 0
Interest income recognized, with no related allowance0 0
Average recorded investment, with related allowance83 182
Interest income recognized, with related allowance0 0
Average recorded investment1,085 182
Interest income recognized0 0
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Recorded investment, with no related allowance198 211
Unpaid principal balance, with no related allowance198 211
Recorded investment, with related allowance139 175
Unpaid principal balance, with related allowance139 175
Related allowance86 90
Recorded investment337 386
Unpaid principal balance337 386
Average recorded investment, with no related allowance205 279
Interest income recognized, with no related allowance0 2
Average recorded investment, with related allowance157 975
Interest income recognized, with related allowance0 20
Average recorded investment362 1,254
Interest income recognized0 22
Consumer Portfolio Segment [Member]
Recorded investment, with no related allowance512 574
Unpaid principal balance, with no related allowance512 574
Recorded investment, with related allowance148 176
Unpaid principal balance, with related allowance148 176
Related allowance78 100
Recorded investment660 750
Unpaid principal balance660 750
Average recorded investment, with no related allowance543 694
Interest income recognized, with no related allowance1 5
Average recorded investment, with related allowance162 196
Interest income recognized, with related allowance0 2
Average recorded investment705 890
Interest income recognized1 7
Commercial Portfolio Segment [Member]
Recorded investment, with related allowance37 35
Unpaid principal balance, with related allowance588 586
Related allowance12 14
Recorded investment37 35
Unpaid principal balance588 $ 586
Average recorded investment, with related allowance36 433
Interest income recognized, with related allowance0 2
Average recorded investment36 433
Interest income recognized $ 0 $ 2

Note 9 - Allowance for Loan L_8

Note 9 - Allowance for Loan Losses and Credit Quality Information - Non-accrual Loans (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Non-accrual loans $ 2,525 $ 2,684
Residential Portfolio Segment [Member]
Non-accrual loans497 502
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Non-accrual loans1,071 1,098
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Non-accrual loans337 386
Consumer Portfolio Segment [Member]
Non-accrual loans612 689
Commercial Portfolio Segment [Member]
Non-accrual loans $ 8 $ 9

Note 9 - Allowance for Loan L_9

Note 9 - Allowance for Loan Losses and Credit Quality Information - Troubled Debt Restructurings (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Troubled debt restructurings $ 1,560 $ 1,478
Performing Financial Instruments [Member]
Troubled debt restructurings432 442
Nonperforming Financial Instruments [Member]
Troubled debt restructurings1,128 1,036
Residential Portfolio Segment [Member]
Troubled debt restructurings608 612
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings355 355
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings253 257
Commercial Real Estate Portfolio Segment [Member]
Troubled debt restructurings337 211
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings0 0
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings337 211
Consumer Portfolio Segment [Member]
Troubled debt restructurings587 630
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings49 62
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings538 568
Commercial Portfolio Segment [Member]
Troubled debt restructurings28 25
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member]
Troubled debt restructurings28 25
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Troubled debt restructurings $ 0 $ 0

Note 9 - Allowance for Loan _10

Note 9 - Allowance for Loan Losses and Credit Quality Information - Financial Effects of Troubled Debt Restructurings (Details) $ in Thousands3 Months Ended
Mar. 31, 2021USD ($)Mar. 31, 2020USD ($)
Number of Contracts2 3
Pre- modification Outstanding Recorded Investment $ 153 $ 387
Post- modification Outstanding Recorded Investment $ 153 $ 394
Residential Portfolio Segment [Member]
Number of Contracts0 1
Pre- modification Outstanding Recorded Investment $ 0 $ 94
Post- modification Outstanding Recorded Investment $ 0 $ 101
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Other [Member]
Number of Contracts1 2
Pre- modification Outstanding Recorded Investment $ 139 $ 293
Post- modification Outstanding Recorded Investment $ 139 $ 293
Commercial Portfolio Segment [Member]
Number of Contracts1 0
Pre- modification Outstanding Recorded Investment $ 14 $ 0
Post- modification Outstanding Recorded Investment $ 14 $ 0

Note 10 - Intangible Assets (De

Note 10 - Intangible Assets (Details Textual) - USD ($) $ in Millions3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Amortization of Intangible Assets, Total $ 0.3 $ 0.3

Note 10 - Intangible Assets - M

Note 10 - Intangible Assets - Mortgage Servicing Activity (Details) - USD ($) $ in Thousands3 Months Ended12 Months Ended
Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020
Balance, beginning of period $ 3,043 $ 2,172 $ 2,172
Originations368 262 2,189
Amortization(297)(228)(1,318)
Balance, end of period3,114 2,206 3,043
Fair value of mortgage servicing rights $ 4,073 $ 2,745 $ 3,378

Note 10 - Intangible Assets - R

Note 10 - Intangible Assets - Risk Characteristics of Loans Being Serviced (Details) $ in Thousands3 Months Ended
Mar. 31, 2021USD ($)
Original Term Thirty Year Fixed Rate [Member]
Loan Principal Balance $ 400,702
Weighted Average Interest Rate3.55%
Weighted Average Remaining Term (Month)26 years
Number of Loans2,628
Original Term Fifteen Year Fixed Rate [Member]
Loan Principal Balance $ 122,675
Weighted Average Interest Rate2.93%
Weighted Average Remaining Term (Month)11 years 300 days
Number of Loans1,100

Note 10 - Intangible Assets - G

Note 10 - Intangible Assets - Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
Finite-lived intangible assets, accumulated amortization $ (3,120) $ (3,165)
Finite-lived intangible assets, unamortized intangible assets3,146
Goodwill, gross carrying amount802 802
Goodwill, accumulated impairment0 0
Goodwill802 802
Intangible assets (including goodwill), gross carrying amount7,068 7,067
Intangible assets, unamortized intangible assets3,948 3,902
Mortgage Servicing Rights [Member]
Finite-lived intangible assets, gross carrying amount5,692 5,691
Finite-lived intangible assets, accumulated amortization(2,578)(2,648)
Finite-lived intangible assets, unamortized intangible assets3,114 3,043
Core Deposits [Member]
Finite-lived intangible assets, gross carrying amount574 574
Finite-lived intangible assets, accumulated amortization(542)(517)
Finite-lived intangible assets, unamortized intangible assets $ 32 $ 57

Note 10 - Intangible Assets - E

Note 10 - Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in ThousandsMar. 31, 2021Dec. 31, 2020
2021 $ 672
2022615
2023557
2024508
2025407
Thereafter387
Total3,146
Mortgage Servicing Rights [Member]
2021650
2022605
2023557
2024508
2025407
Thereafter387
Total3,114 $ 3,043
Core Deposits [Member]
202122
202210
20230
20240
20250
Thereafter0
Total $ 32 $ 57

Note 11 - Leases (Details Textu

Note 11 - Leases (Details Textual) $ in ThousandsMar. 31, 2021USD ($)
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)1 year 150 days
Lessee, Operating Lease, Renewal Term (Year)3 years
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Month)4 years 30 days
Lessee, Operating Lease, Renewal Term (Year)10 years
Other Assets [Member]
Operating Lease, Right-of-Use Asset $ 3,000
Other Liabilities [Member]
Operating Lease, Liability, Total $ 3,034

Note 11 - Leases - Operating Le

Note 11 - Leases - Operating Lease Cost (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Operating lease cost $ 225 $ 222

Note 11 - Leases - Summary of O

Note 11 - Leases - Summary of Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 225 $ 222
Weighted-average remaining lease term – operating leases (Year)3 years 182 days4 years 182 days
Weighted-average discount rate – operating leases2.19%2.19%

Note 11 - Leases - Maturity of

Note 11 - Leases - Maturity of Remaining Lease Liabilities (Details) $ in ThousandsMar. 31, 2021USD ($)
2021 $ 674
2022932
2023807
2024729
202515
2026 and thereafter0
Total lease payments3,157
Less: Interest(123)
Other Liabilities [Member]
Operating Lease, Liability, Total $ 3,034

Note 12 - Earnings Per Common_3

Note 12 - Earnings Per Common Share - Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Weighted average number of common shares outstanding used in basic earnings per common share calculation (in shares)4,560,743 4,625,908
Restricted stock awards and options (in shares)28,681 27,718
Weighted average number of shares outstanding adjusted for effect of dilutive securities (in shares)4,589,424 4,653,626
Net income $ 3,418 $ 1,385
Basic earnings per share (in dollars per share) $ 0.75 $ 0.30
Diluted earnings per share (in dollars per share) $ 0.74 $ 0.30

Note 13 - Regulatory Capital _3

Note 13 - Regulatory Capital and Oversight (Details Textual) $ in MillionsMar. 31, 2021USD ($)Mar. 01, 2021
Banks Tangible Assets $ 932
Adjusted Assets931.2
Banking Regulation, Risk-Weighted Assets, Actual $ 666.6
Banking Regulation, Capital Conservation Buffer, Common Equity Tier One Risk-Based Capital, Actual0.025

Note 13 - Regulatory Capital _4

Note 13 - Regulatory Capital and Oversight - Capital Amounts and Ratios (Details) $ in ThousandsMar. 31, 2021USD ($)
Common equity tier 1 capital, actual amount $ 93,092
Common equity tier 1 capital, actual percent of asset0.1397 [1]
Common equity tier 1 capital, amount required to be adequately capitalized $ 29,997
Common equity tier 1 capital, percent of assets required to be adequately capitalized0.045 [1]
Common equity tier 1 capital, excess capital amount $ 63,095
Common equity tier 1 capital, excess capital percent of assets0.0947 [1]
Common equity tier 1 capital, amount to be well capitalized under prompt corrective action provisions $ 43,329
Common equity tier 1 capital, percent of assets to be well capitalized under prompt corrective action provisions0.065 [1]
Tier 1 leverage, actual amount $ 93,092
Tier 1 leverage, actual percent of asset0.1 [1]
Tier 1 leverage, amount required to be adequately capitalized $ 37,250
Tier 1 leverage, percent of assets required to be adequately capitalized0.04[1]
Tier 1 leverage, excess capital amount $ 55,842
Tier 1 leverage, excess capital percent of assets0.06[1]
Tier 1 leverage, amount to be well capitalized under prompt corrective action provisions $ 46,562
Tier 1 leverage, percent of assets to be well capitalized under prompt corrective action provisions0.05[1]
Tier 1 risk-based capital, actual amount $ 93,092
Tier 1 risk-based capital, actual percent of asset0.1397 [1]
Tier 1 risk-based capital, amount required to be adequately capitalized $ 39,996
Tier 1 risk-based capital, percent of assets required to be adequately capitalized0.06[1]
Tier 1 risk-based capital, excess capital amount $ 53,096
Tier 1 risk-based capital, excess capital percent of assets0.0797 [1]
Tier 1 risk-based capital, amount to be well capitalized under prompt corrective action provisions $ 53,328
Tier 1 risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions0.08[1]
Total risk-based capital, actual amount $ 101,446
Total risk-based capital, actual percent of asset0.1522 [1]
Total risk-based capital, amount required to be adequately capitalized $ 53,328
Total risk-based capital, percent of assets required to be adequately capitalized0.08[1]
Total risk-based capital, excess capital amount $ 48,118
Total risk-based capital, excess capital percent of assets0.0722 [1]
Total risk-based capital, amount to be well capitalized under prompt corrective action provisions $ 66,660
Total risk-based capital, percent of assets to be well capitalized under prompt corrective action provisions0.1 [1]
[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 14 - Stockholders' Equity

Note 14 - Stockholders' Equity (Details Textual) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Dividends, Common Stock, Cash $ 0
Treasury Stock, Value, Acquired, Cost Method523 $ 360
New Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount $ 4,000
Treasury Stock, Shares, Acquired (in shares)29,400
Treasury Stock, Value, Acquired, Cost Method $ 500

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) $ in Thousands3 Months Ended
Mar. 31, 2021USD ($)
Letters of Credit Issued and Available Amount $ 5,100
Loss Contingency, Damages Sought, Value1,900
Minimum [Member]
Loss Contingency, Estimate of Possible Loss0
Maximum [Member]
Loss Contingency, Estimate of Possible Loss $ 900

Note 16 - Business Segments - P

Note 16 - Business Segments - Profit and Assets for the Reportable Segments (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 31, 2021Mar. 31, 2020Dec. 31, 2020
Interest income - external customers $ 7,889 $ 7,844
Non-interest income - external customers3,255 2,471
Intersegment interest income0 0
Intersegment non-interest income0 0
Interest expense453 892
Provision for loan losses(576)460
Non-interest expense6,479 7,001
Income tax expense1,370 577
Net income3,418 1,385
Total assets971,305 784,200 $ 909,580
Consolidation, Eliminations [Member]
Interest income - external customers0 0
Non-interest income - external customers0 0
Intersegment interest income(8)(1,583)
Intersegment non-interest income(3,652)(15)
Interest expense(8)(15)
Provision for loan losses0 0
Non-interest expense(58)(59)
Income tax expense0 0
Net income(3,594)(1,524)
Total assets(104,531)(94,612)
Home Federal Savings Bank [Member] | Operating Segments [Member]
Interest income - external customers7,889 7,844
Non-interest income - external customers3,254 2,471
Intersegment interest income0 59
Intersegment non-interest income58 0
Interest expense461 907
Provision for loan losses(576)460
Non-interest expense6,309 6,874
Income tax expense1,413 609
Net income3,594 1,524
Total assets970,641 783,615
Other Segments [Member] | Operating Segments [Member]
Interest income - external customers0 0
Non-interest income - external customers1 0
Intersegment interest income8 1,524
Intersegment non-interest income3,594 15
Interest expense0 0
Provision for loan losses0 0
Non-interest expense228 186
Income tax expense(43)(32)
Net income3,418 1,385
Total assets $ 105,195 $ 95,197