# HOME FEDERAL SAVINGS BANK
ROCHESTER, MN · FDIC certificate 29042 · asset band $1-10B · latest filing 2024-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $1.10B | |
| Deposits | $973.9M | |
| Loans and leases | $871.4M | |
| Total equity | $98.6M | |
| Loans / deposits | 88.31% (p54 of band) | 86.99% |
| Liquid assets / assets | 18.54% (p39 of band) | |
| Uninsured deposits / deposits | 26.42% (p38 of band) | 29.29% |
| Brokered deposits | 5.64% | |
| Wholesale funding | 6.80% (p42 of band) | |
| FHLB advances / assets | 1.16% | |
| Tier 1 leverage | 9.59% (p36 of band) | 10.10% |
| Unrealized securities loss / equity | -12.80% (p44 of band) | -10.74% |
| AOCI / equity | 4.47% (p77 of band) | |
| ROA (annualized) | 0.32% (p11 of band) | 0.92% |
| Net interest margin | 2.72% (p28 of band) | 3.18% |
| Efficiency ratio | 84.80% (p90 of band) | |
| Noncurrent loans | 0.28% (p38 of band) | 0.41% |
| Net charge-offs (annualized) | 0.00% (p34 of band) | |
| Reserve coverage of noncurrent | 459.88% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 70.35% (p65 of band) | |
| Auto loans | $4.0M (0.46% of loans; DQ 0.60%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -8.4% | |
| Employees | 148 | |

## Flags firing in the latest filing

- **expense ratio p90** (`earn_efficiency`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | brokered >10%, wholesale funding >15%, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 6 | losing money |  |
| 2011-09 | 5 |  | brokered >10% |
| 2011-12 | 5 | capital falling | charge-offs p90 |
| 2012-03 | 7 | charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | losing money, capital falling |
| 2012-06 | 7 |  |  |
| 2012-09 | 7 | noncurrent p90 | wholesale funding >15% |
| 2012-12 | 5 |  | construction >100% equity, charge-offs p90 |
| 2013-03 | 4 |  | uninsured deposits leaving |
| 2013-06 | 4 |  |  |
| 2013-09 | 3 |  | deposits shrinking |
| 2013-12 | 2 |  | assets shrinking |
| 2014-03 | 2 | charge-offs p90 | noncurrent p90 |
| 2014-06 | 1 |  | charge-offs p90 |
| 2014-09 | 1 |  |  |
| 2014-12 | 5 | noncurrent p90, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-03 | 4 |  | noncurrent p90 |
| 2015-06 | 5 | noncurrent p90 |  |
| 2015-09 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving, noncurrent p90 |
| 2015-12 | 0 |  | reserve under noncurrent |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | capital falling |  |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | capital falling |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | uninsured deposits leaving |  |
| 2019-09 | 0 |  | uninsured deposits leaving |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 0 |  | capital falling |
| 2022-06 | 0 |  |  |
| 2022-09 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 0 |  | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 1 | uninsured deposits leaving |  |
| 2023-09 | 1 | securities losses >30% of equity | uninsured deposits leaving |
| 2023-12 | 0 |  | securities losses >30% of equity |
| 2024-03 | 0 |  |  |
| 2024-06 | 0 |  |  |
| 2024-09 | 3 | expense ratio p90, deposits shrinking, assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-12-09 [Alerus to close former Home Federal bank branch on South Broadway - postbulletin.com](https://news.google.com/rss/articles/CBMipgFBVV95cUxOSWIwOElKOVlxbjVrTkNmX3NGWkR2WmhRcjluVzZ2UTlXY0FjcDdiSEFSNjRWYjROZVMtMDRoU0Eyd0p6b0dCTmdHTjBiV3c3ZXg3UG05U05pZVJNVVozcTk5QVBSS0c5TnZCeDFfWjdiSWcyU2lpUFdmUHhXZWtPNE5ES2VkMl9hLUZkYXR5ZnF5WXdSQXNJbzVFNFlqOFBqVXB6Ylpn?oc=5) · postbulletin.com
- 2025-12-23 [Conway M. Elton Obituary Dec 23, 2025 - Watkowski-Mulyck Funeral Home](https://news.google.com/rss/articles/CBMiZ0FVX3lxTE5UQ214MVVTd0pJWmNjT0ZJTVpWdWVaNkx6NGhoVnRnanJ1enBYa0VEQjJObW5KX21OTU5XV2pjUVFsTmR5UlJXSFUwbEhQa3k2ekFtTjNpRzUycXNfNEhRTXo4MHZhQ1U?oc=5) · Watkowski-Mulyck Funeral Home
- 2024-05-15 [New owners for Rochester's Home Federal Savings Bank - kimt.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxNUmh2ekxSTlJrZlBmcTYyRXQ0OU9BRWllRjN3LU14QkR4MllpcWQ0SWtqSFRYcTVCSHRKWF9nLVJYZEhheFR5RVVhVjczcWpQY1dvWnZnVFdvWk1tVTdkd0d6TEYyRm1nNnFZYk56SWI1ODY3SUpIODdseVpnYzRjclBiUDE4bGtlWllONjBNU0szdXZ2blNhaUdnS2tYMFppY0l6MmpDZjExT1RJZVduVm5vdGNKXzB4YS1hMkNOcWhES3doSGc?oc=5) · kimt.com
- 2024-05-15 [Rochester’s Home Federal to merge with Alerus - kttc.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxNUklCb3BMQWtNTm9xNjRNWnJKN1ZJTjZmUXZ4UlgwR01jUGRYMHpJRXZtNlJyR1ROUGo3Q3lBSXBHRXFOTENDMEdfVUt0bm5HNy1uUXRtNGVnREd2a3lOb2J4Slc5aHdzN05oV3l5ZE5sbDJZOWFxczB6WjVmczF4WDdn0gGWAUFVX3lxTE1NQjJtV1JsbXRPUnRZcm5xVEdNSWlOM2EwaHdKUF9pS181QnNCZUdseTBxVHpEMkx3M3EtR1hhSFhmMFBqb285d013Tl9KRlZnSjBDZUJSRHhaN2M1UHNSeUZKOGt4Q0Z4ZWQ1RkhuZWctZUExRFFoNFl0b0ZuTmZTSUZVWTluTm9VcGZ2eEZvMVpqQ1p0UQ?oc=5) · kttc.com
- 2026-05-31 [$1.7 million purchase of ex-bank building clear the way for a new drive-thru coffee shop - postbulletin.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNUzhrUmRWM1ZfcXNsVFRGcWJCOExnMS1pYmFVSHB2Xy1nUWZxTGpZVENJOC1NMWluZ2ZtMVo4QXhCNTdadzBzamhzakhZaTNidTkwWVA5bTVZeERvTGc5MGhaSDlma3lpaDJnNkpXc3RWZV82eDhCWUVoX0o5ekxreFpCQ1l5dW1teXIxbURPSU1rZFVxaHFSMXBKTHBTVjF2UEZuWmlKX2JpRDhaVlg2bWtDVzByVlNOV2d6dmx6eWZFVk0?oc=5) · postbulletin.com
- 2024-05-15 [Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction - Business Wire](https://news.google.com/rss/articles/CBMi4AFBVV95cUxNc1M5T0dRYk5GNWl4YzNaLXFObDBJQXcxcnN3RUpRbFZ3LUJTdlB4NHV6VGI3ZWZvQUlJQ2M5aHRmTnZCNkpjU1hmSkI2Nm0tVk1uUWFpdnhVNUtzYTViZVlxOVhuejlMRVdzQkw1cjFtTXZMandRNUJvWEFsMmN0R0VvSEM1cjJLcDhHa0gzaEZ2SmIwT29DTjU3Rm1VdjQ1WXgxVEttXzBpUTFURnB3RmdhckxTaUNzZE9fb01faUozVnRFLXVyS2xPQ0otOVNrMmhPcWc4RlRkNlQzeUNfTg?oc=5) · Business Wire
- 2024-05-15 [Rochester, Minnesota, bank and North Dakota bank to merge in $116.4M deal - InForum](https://news.google.com/rss/articles/CBMipgFBVV95cUxPa0l3dUR1SXFYN01yODF3cHNoX2xuM2VlUkh3OTZYM0QtaG5ZWnNvRjc0QV9sbXdVb0NiYU9OZ25jb2hTWUVwcWtDdV9MY2k4SUZKLW43YzNjWmtfcVJlSmNlYXMyazAyOVZ5UDZNaXAxMDlOTmFXcHFIZTNLR3BtZ1pnVlNmZkxpbVFwWTU2SDV4WGxXZ1JYSHI4RlV2NlBPUHZSX0ZR?oc=5) · InForum
- 2024-05-15 [Alerus to acquire Home Federal Savings Bank in Rochester - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxQMGlVeTdiYzR3T3JoN1MtdVZ2NGFkZk9IX2JPSHV0TVFPczVBNldGOTd1NWxTRl9DcHlHeHlXaV82ZFlITGhRbm9qVDlXXzBEYUZiOTNYZ0ZvNzB3S1ZFeTJDbWdSU29tVEwtUjRnSmdxS2JzbUpaSUdfMWFFZDhjYkRSazdGNmRKTTFTbmhiYnU0QldYVDQzb2V2YXlMOFI0ZzlTTQ?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29042 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/50.json (key "29042", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide