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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Cash and due from banks $ 18,229 $ 28,745
Federal funds sold 42 1,329
Securities available for sale, at fair value 52,975 52,544
Restricted equity securities, at cost 2,213 2,535
Loans held for sale 678 1,643
Loans, net of allowance for loan losses of $3,636 in 2016 and $3,298 in 2015 415,355 364,060
Property and equipment, net 13,371 14,008
Other real estate owned, net of valuation allowance of $825 in 2016 and $420 in 2015 3,794 5,237
Bank owned life insurance 7,469 6,285
Accrued income 2,289 2,057
Other assets 875 942
Total assets 517,290 479,385
Liabilities and Stockholders’ Equity    
Noninterest-bearing 91,354 77,268
Interest-bearing 359,494 322,278
Total deposits 450,848 399,546
Federal Home Loan Bank borrowings 8,000 22,000
Subordinated notes 7,224 7,194
Other borrowings 1,117 2,361
Accrued interest payable 386 372
Other liabilities 1,490 1,521
Total liabilities 469,065 432,994
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,760,735 (includes 31,546 restricted shares) at December 31, 2016 and 3,362,536 (includes 37,848 restricted shares) at December 31, 2015 28,765 16,801
Surplus 17,833 15,484
Retained earnings 1,247 443
Accumulated other comprehensive income (loss) (56) 396
Total HomeTown Bankshares Corporation stockholders’ equity 47,789 46,017
Noncontrolling interest in consolidated subsidiary 436 374
Total stockholders’ equity 48,225 46,391
Total liabilities and stockholders’ equity 517,290 479,385
Series C Preferred Stock [Member]    
Stockholders’ equity:    
Convertible preferred stock, no par value; Series C authorized 20,000 shares, issued and outstanding none at December 31, 2016 and 13,600 at December 31, 2015 $ 12,893