**Subsidiaries of Registrant**

**Exhibit 21**

 
| **Name &  Address**                                                                                                   |   | **Year &  State Inc.** |   | **Date and %  of Voting  Shares, Partnership  Interests, Voting Trust  Certificates, Capital  Contributions** |   | **Description  of Activity**                     |   |
|---------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|--------|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|--------|
|                                                                                                                      |   |                       |   |                                                                                                          |   |                                             |   |
| Home Federal Savings Bank  1016 Civic Center Drive NW  Rochester, MN  55901                                          |   | 1934  Federal Charter      |   | 6/29/94  HMN owns 100% of voting shares                                                                       |   | Federally Chartered Stock Savings Bank           |   |
|                                                                                                                      |   |                       |   |                                                                                                          |   |                                             |   |
| Osterud Insurance  Agency, Inc.  DBA Home Federal Investment Svcs.  1016 Civic Center Drive NW  Rochester, MN  55901 |   | 1983  MN                   |   | 12/1983  Bank owns 100%                                                                                       |   | Investment products and financial planning       |   |
|                                                                                                                      |   |                       |   |                                                                                                          |   |                                             |   |
| Home Federal Mortgage  Services, LLC1016 Civic Center  Drive NWRochester, MN  55901                                  |   | 2000  DE                   |   | 1/31/01  Bank owns 51% of voting shares                                                                       |   | Mortgage Servicing and Brokerage LLC             |   |
|                                                                                                                      |   |                       |   |                                                                                                          |   |                                             |   |
| Home Federal Holding,  Inc.Cardinal Avenue  Grand CaymanCayman Islands, BWI                                               |   | 2002  DE                   |   | 2/4/2002  Home Federal owns 100% of voting shares                                                             |   | Holding company for real estate investment trust |   |
|                                                                                                                      |   |                       |   |                                                                                                          |   |                                             |   |
| Home Federal REIT1016 Civic Center  Drive NWRochester, MN  55901                                                     |   | 2002  DE                   |   | 2/4/2002  Home Federal owns 100% of voting shares                                                             |   | Invests in real estate loans acquired from Bank  |   |
|                                                                                                                      |   |                       |   |                                                                                                          |   |                                             |   |
| Security Finance Corporation  1016 Civic Center Drive NW  Rochester, MN  55901                                       |   | 1929  MN                   |   | 12/29/95  HMN owns 100% of voting shares                                                                      |   | Corporation invests in securities and loans      |   |

 

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