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Accounting Policies, by Policy (Policies)
9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation


The consolidated financial statements as of September 30, 2014 and for the periods ended September 30, 2014 and 2013 included herein, have been prepared by HomeTown Bankshares Corporation, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission.


Management believes that all interim adjustments for the period ended September 30, 2014 are of a normal recurring nature. In the opinion of management, the information furnished in the interim consolidated financial statements reflects all adjustments necessary to present fairly the Company’s financial position, results of operations and cash flows for such interim periods. These consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto as of December 31, 2013, included in the Company’s Form 10-K for the year ended December 31, 2013. Interim financial performance is not necessarily indicative of performance for the full year.


The accounting and reporting policies of the Company follow generally accepted accounting principles and general practices within the financial services industry.


The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary HomeTown Bank. All significant intercompany accounts and transactions associated with the Company’s wholly-owned subsidiary have been eliminated.


Our accounting policies and basic principles have not changed since the summary disclosure of these in our Annual Report on Form 10-K. Please refer to Form 10-K for these policies.

Subsequent Events, Policy [Policy Text Block]

Subsequent Events


In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date of this filing.