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HMN Financial (HMN Financial) Scaled Net Operating Assets : -0.13 (As of Mar. 2024)


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What is HMN Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HMN Financial's operating assets for the quarter that ended in Mar. 2024 was $894.38 Mil. HMN Financial's operating liabilities for the quarter that ended in Mar. 2024 was $1,042.39 Mil. HMN Financial's Total Assets for the quarter that ended in Dec. 2023 was $1,107.14 Mil. Therefore, HMN Financial's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.13.

HMN Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

HMN Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(1095.984-986.228)/1096.202
=0.10

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1107.135 - 11.151
=1095.984

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=999.428 - 13.2 - 0
=986.228

HMN Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(894.376-1042.391)/1107.135
=-0.13

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1151.215 - 256.839
=894.376

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1042.391 - 0 - 0
=1042.391

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HMN Financial Scaled Net Operating Assets Related Terms

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HMN Financial (HMN Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HMN Financial Inc (NAS:HMNF) » Definitions » Scaled Net Operating Assets
Comparable Companies
CMTV PROV SRBK QNBC PBNK SOUB ENBP KISB DIMC ARBV NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
N/A
Address
1016 Civic Center Drive Northwest, Rochester, MN, USA, 55901
Website
https://www.justcallhome.com
HMN Financial Inc is a stock savings bank holding company of Home federal savings bank. The bank is engaged in community banking and operates retail banking and loan production facilities in Minnesota, Iowa, Wisconsin. It is involved in the business of attracting deposits from the general public and businesses and using such deposits to originate single-family residential, commercial real estate and multi-family mortgage loans as well as consumer, construction, and commercial business loans. The bank also invests in mortgage-backed and related securities, U.S. government agency obligations and other permissible investments. Its products and services include checking and savings accounts, cash deposits, online services, credit cards among others.
Executives
Bradley Krehbiel other: EVP of subsidiary RT 3 BOX 174, LAKE CITY MN 55041
Jeffrey Bolton director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
David Oeth director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Pamela Bishop director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Williams Barbara Butts director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Jon J Eberle officer: Senior Vice President 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Wendy S Shannon director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Mark E Utz director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Hugh C Smith director 1016 CIVIC CENTER DR NW, ROCHESTER MN 55901
Sequoya S Borgman director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Michael A Bue director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Hans K Zietlow director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Patricia S Simmons director 1016 CIVIC CENTER DRIVE NW, ROCHESTER MN 55901
Malcolm W Mcdonald director
Michael J Fogarty director