<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AT SEPTEMBER 30, 2000 AND DECEMBER 31, 1999 AND THE
CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTHS AND NINE MONTHS ENDED
SEPTEMBER 30, 2000 AND 1999.
</LEGEND>
<CIK> 0000921183
<NAME> HMN FINANCIAL INC
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                           2,861
<INT-BEARING-DEPOSITS>                          11,098
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    158,206
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        510,220
<ALLOWANCE>                                      3,389
<TOTAL-ASSETS>                                 722,157
<DEPOSITS>                                     423,717
<SHORT-TERM>                                    44,000
<LIABILITIES-OTHER>                              6,431
<LONG-TERM>                                    183,900
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            91
<OTHER-SE>                                      64,018
<TOTAL-LIABILITIES-AND-EQUITY>                 722,157
<INTEREST-LOAN>                                 29,781
<INTEREST-INVEST>                                8,672
<INTEREST-OTHER>                                   772
<INTEREST-TOTAL>                                39,225
<INTEREST-DEPOSIT>                              13,857
<INTEREST-EXPENSE>                              24,268
<INTEREST-INCOME-NET>                           14,957
<LOAN-LOSSES>                                      135
<SECURITIES-GAINS>                                (39)
<EXPENSE-OTHER>                                  8,971
<INCOME-PRETAX>                                  8,340
<INCOME-PRE-EXTRAORDINARY>                           0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,113
<EPS-BASIC>                                       1.32
<EPS-DILUTED>                                     1.28
<YIELD-ACTUAL>                                    2.90
<LOANS-NON>                                        561
<LOANS-PAST>                                       124
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                     35
<ALLOWANCE-OPEN>                                 3,273
<CHARGE-OFFS>                                     (22)
<RECOVERIES>                                         3
<ALLOWANCE-CLOSE>                                3,389
<ALLOWANCE-DOMESTIC>                             2,468
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            921


</TABLE>