Note 22 - Condensed Parent Company Financial Information

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

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

Note 22. 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, 2015		December 31, 2014
Assets
Cash and due from banks	$	1,576	$	408
Investment in bank subsidiary		51,951		42,817
Other assets		7		—
Total assets	$	53,534	$	43,225
Liabilities and Stockholders’ Equity
Accrued interest payable	$	18	$	—
Other liabilities		305		—
Subordinated notes		7,194		—
Total liabilities		7,517		—
Stockholders’ equity:
Total stockholders’ equity		46,017		43,225
Total liabilities and stockholders’ equity	$	53,534	$	43,225

CONDENSED STATEMENTS OF INCOME
Dollars In Thousands	For the year ended December 31, 2015		For the year ended December 31, 2014
Dividend from Bank subsidiary	$	630	$	—
Income		630		—
Interest expense		19		—
Other expenses		181		143
Expenses		200		143
Net income (loss) before income taxes		430		(143	)
Income tax benefit		68		48
Net income (loss) before equity in undistributed net income of subsidiary		498		(95	)
Undistributed net income of subsidiary		3,056		3,510
Net Income	$	3,554	$	3,415

CONDENSED STATEMENTS OF CASH FLOWS
Dollars In Thousands	For the year ended December 31, 2015			For the year ended December 31, 2014
Cash flows from operating activities:
Net income	$	3,554		$	3,415
Equity in undistributed net income of subsidiary bank		(3,056	)		(3,510	)
Amortization expense on subordinated notes		1			—
Increase in other assets		(7	)		—
Increase in interest payable		18			—
Increase in other liabilities		305			(9	)
Net cash flows provided by (used in) operating activities		815			(104	)
Cash flows from investing activities:
Capital contribution to bank subsidiary		(6,000	)		—
Net cash flows used in investing activities		(6,000	)		—
Cash flows from financing activities:
Issuance of subordinated notes		7,193			—
Preferred dividend payment		(840	)		(840	)
Net cash flows provided by (used in) financing activities		6,353			(840	)
Net increase (decrease) in cash and cash equivalents		1,168			(944	)
Cash and cash equivalents, beginning		408			1,352
Cash and cash equivalents, ending	$	1,576		$	408