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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest and dividend income:    
Loans and fees on loans $ 16,374 $ 15,230
Taxable investment securities 741 1,000
Nontaxable investment securities 405 400
Dividends on restricted stock 140 129
Other interest income 41 39
Total interest and dividend income 17,701 16,798
Interest expense:    
Deposits 1,898 1,746
Other borrowed funds 413 372
Total interest expense 2,311 2,118
Net interest income 15,390 14,680
Noninterest income:    
Service charges on deposit accounts 523 452
ATM and interchange income 575 443
Mortgage banking 703 231
Gains on sales of investment securities 52 128
Gain on sale of building 348  
Other income 770 632
Total noninterest income 2,971 1,886
Noninterest expense:    
Salaries and employee benefits 6,529 5,802
Occupancy and equipment expense 1,757 1,535
Data processing expense 856 720
Advertising and marketing expense 691 598
Professional fees 386 581
Bank franchise taxes 262 262
FDIC insurance expense 320 283
Losses (gains) on sales and writedowns of other real estate owned, net 346 (10)
Other real estate owned expense 151 224
Directors’ fees 222 223
Other expense 1,635 1,346
Total noninterest expense 13,155 11,564
Net income before income taxes 5,206 5,002
Income tax expense 1,595 1,587
Net income 3,611 3,415
Less net income attributable to non-controlling interest 57  
Net income attributable to HomeTown Bankshares Corporation 3,554 3,415
Effective dividends on preferred stock 840 840
Net income available to common stockholders $ 2,714 $ 2,575
Basic earnings per common share (in Dollars per share) $ 0.82 $ 0.78
Diluted earnings per common share (in Dollars per share) $ 0.64 $ 0.62
Weighted average common shares outstanding (in Shares) 3,300,440 3,284,870
Diluted weighted average common shares outstanding (in Shares) 5,535,180 5,524,870
Net interest income after provision for loan losses $ 15,390 $ 14,680