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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and dividend income:    
Loans and fees on loans $ 4,256 $ 3,899
Taxable investment securities 204 206
Nontaxable investment securities 101 103
Dividends on restricted stock 34 33
Other interest income 19 9
Total interest and dividend income 4,614 4,250
Interest expense:    
Deposits 504 448
Subordinated notes 134  
Other borrowed funds 97 92
Total interest expense 735 540
Net interest income 3,879 3,710
Provision for loan losses 60  
Net interest income after provision for loan losses 3,819 3,710
Noninterest income:    
Service charges on deposit accounts 154 110
ATM and interchange income 147 122
Mortgage banking 175 120
Gains on sales of investment securities 5 40
Other income 130 143
Total noninterest income 611 535
Noninterest expense:    
Salaries and employee benefits 1,726 1,541
Occupancy and equipment expense 434 445
Data processing expense 232 212
Advertising and marketing expense 94 242
Professional fees 101 112
Bank franchise taxes 92 66
FDIC insurance expense 83 75
Other real estate owned expense 22 30
Directors’ fees 107 52
Other expense 371 334
Total noninterest expense 3,262 3,109
Net income before income taxes 1,168 1,136
Income tax expense 353 346
Net income 815 790
Less net income attributable to non-controlling interest 14 14
Net income attributable to HomeTown Bankshares Corporation 801 776
Effective dividends on preferred stock 204 210
Net income available to common stockholders $ 597 $ 566
Basic earnings per common share (in Dollars per share) $ 0.18 $ 0.17
Diluted earnings per common share (in Dollars per share) $ 0.14 $ 0.14
Weighted average common shares outstanding (in Shares) 3,366,778 3,291,517
Diluted weighted average common shares outstanding (in Shares) 5,565,629 5,531,517