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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 27,890 $ 28,745
Federal funds sold 1,082 1,329
Securities available for sale, at fair value 54,757 52,544
Restricted equity securities, at cost 2,765 2,535
Loans held for sale 289 1,643
Loans, net of allowance for loan losses of $3,347 in 2016 and $3,298 in 2015 377,716 364,060
Property and equipment, net 13,864 14,008
Other real estate owned, net of valuation allowance of $420 in 2016 and in 2015 5,686 5,237
Bank owned life insurance 6,328 6,285
Accrued income 2,010 2,057
Other assets 935 942
Total assets 493,322 479,385
Deposits:    
Noninterest-bearing 80,060 77,268
Interest-bearing 333,558 322,278
Total deposits 413,618 399,546
Federal Home Loan Bank borrowings 22,000 22,000
Subordinated notes 7,202 7,194
Other borrowings 1,072 2,361
Accrued interest payable 569 372
Other liabilities 1,621 1,521
Total liabilities $ 446,082 $ 432,994
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 3,373,259 (includes 37,633 restricted shares) at March 31, 2016 and 3,362,536 (includes 37,848 restricted shares) at December 31, 2015 $ 16,801 $ 16,801
Surplus 15,521 15,484
Retained earnings 1,040 443
Accumulated other comprehensive income 597 396
Total HomeTown Bankshares Corporation stockholders’ equity 46,852 46,017
Non-controlling interest in consolidated subsidiary 388 374
Total stockholders’ equity 47,240 46,391
Total liabilities and stockholders’ equity 493,322 479,385
Series C Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock, no par value; Series C authorized 20,000 shares, issued and outstanding 13,600 at March 31, 2016 and at December 31, 2015 $ 12,893 $ 12,893