Note 21 - Condensed Parent Company Financial Information

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 21. Condensed Parent Company Financial Information

Financial information pertaining only to HomeTown Bankshares Corporation follows. The parent company was formed on September 4, 2009.

CONDENSED BALANCE SHEETS

Dollars In Thousands	December 31, 2014		December 31, 2013
Assets
Cash and due from banks	$	408	$	1,352
Investment in bank subsidiary		42,817		38,195
Total assets	$	43,225	$	39,547
Liabilities and Stockholders’ Equity
Total liabilities	$	—	$	9
Stockholders’ equity:
Total stockholders’ equity		43,225		39,538
Total liabilities and stockholders’ equity	$	43,225	$	39,547

CONDENSED STATEMENTS OF INCOME

Dollars In Thousands	For the year ended December 31, 2014			For the year ended December 31, 2013
Expenses	$	(143	)	$	(145	)
Net loss before income taxes		(143	)		(145	)
Income tax benefit		48			49
Net loss before equity in undistributed net income of subsidiary		(95	)		(96	)
Undistributed net income of subsidiary		3,510			2,825
Net Income	$	3,415		$	2,729

CONDENSED STATEMENTS OF CASH FLOWS

Dollars In Thousands	For the year ended December 31, 2014			For the year ended December 31, 2013
Cash flows from operating activities:
Net income	$	3,415		$	2,729
Equity in undistributed net income of subsidiary bank		(3,510	)		(2,825	)
Decrease in other assets		—			145
(Decrease) increase in other liabilities		(9	)		9
Net cash flows provided by (used in) operating activities		(104	)		58
Cash flows from investing activities:
Capital contribution to bank subsidiary		—			(1,500	)
Net cash flows used in investing activities		—			(1,500	)
Cash flows from financing activities:
Issuance of preferred stock net of issuance costs		—			13,293
Preferred stock redeemed		—			(10,374	)
Preferred dividend payment		(840	)		(846	)
Net cash flows provided by (used in) financing activities		(840	)		2,073
Net increase (decrease) in cash and cash equivalents		(944	)		631
Cash and cash equivalents, beginning		1,352			721
Cash and cash equivalents, ending	$	408		$	1,352