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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Loans and fees on loans $ 4,173 $ 3,845 $ 12,119 $ 11,314
Taxable investment securities 170 240 552 770
Nontaxable investment securities 100 106 303 293
Dividends on restricted stock 36 32 104 94
Other interest income 10 9 28 30
Total interest and dividend income 4,489 4,232 13,106 12,501
Interest expense:        
Deposits 490 426 1,403 1,308
Other borrowed funds 100 94 294 286
Total interest expense 590 520 1,697 1,594
Net interest income 3,899 3,712 11,409 10,907
Provision for loan losses       202
Net interest income after provision for loan losses 3,899 3,712 11,409 10,705
Noninterest income:        
Service charges on deposit accounts 128 118 362 326
ATM and interchange income 148 113 416 316
Mortgage banking 161 102 539 149
Gains on sales of investment securities 12   52 108
Other income 232 168 542 441
Total noninterest income 681 501 1,911 1,340
Noninterest expense:        
Salaries and employee benefits 1,641 1,510 4,801 4,303
Occupancy and equipment expense 441 398 1,325 1,128
Data processing expense 215 177 632 529
Advertising and marketing expense 198 196 607 431
Professional fees 80 245 303 432
Bank franchise taxes 66 65 197 196
FDIC insurance expense 80 85 239 197
Losses (gains) on sales and writedowns of other real estate owned, net 140   140 (5)
Other real estate owned expense 35 50 105 173
Directors’ fees 56 56 166 165
Other expense 385 310 1,153 997
Total noninterest expense 3,337 3,092 9,668 8,546
Net income before income taxes 1,243 1,121 3,652 3,499
Income tax expense 381 344 1,108 1,086
Net income 862 777 2,544 2,413
Less net income attributable to non-controlling interest 7   50  
Net income attributable to HomeTown Bankshares Corporation 855 777 2,494 2,413
Effective dividends on preferred stock 210 210 630 630
Net income available to common stockholders $ 645 $ 567 $ 1,864 $ 1,783
Basic earnings per common share (in Dollars per share) $ 0.20 $ 0.17 $ 0.57 $ 0.54
Diluted earnings per common share (in Dollars per share) $ 0.15 $ 0.14 $ 0.45 $ 0.44
Weighted average common shares outstanding (in Shares) 3,296,237 3,287,567 3,294,681 3,283,962
Diluted weighted average common shares outstanding (in Shares) 5,536,237 5,527,567 5,534,681 5,523,962