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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:    
Loans and fees on loans $ 17,711 $ 16,374
Taxable investment securities 837 741
Nontaxable investment securities 388 405
Dividends on restricted stock 131 140
Other interest income 107 41
Total interest and dividend income 19,174 17,701
Interest expense:    
Deposits 2,216 1,898
Subordinated notes 536 19
Other borrowed funds 266 394
Total interest expense 3,018 2,311
Net interest income 16,156 15,390
Provision for loan losses 1,082
Net interest income after provision for loan losses 15,074 15,390
Noninterest income:    
Service charges on deposit accounts 669 523
ATM and interchange income 670 575
Mortgage banking 854 703
Gains on sales of investment securities, net 257 52
Gain on sale of building 348
Other income 651 770
Total noninterest income 3,101 2,971
Noninterest expense:    
Salaries and employee benefits 6,981 6,529
Occupancy and equipment expense 1,733 1,757
Data processing expense 950 856
Advertising and marketing expense 480 691
Professional fees 494 386
Bank franchise taxes 366 262
FDIC insurance expense 306 320
Losses on sales and writedowns of other real estate owned, net 495 346
Other real estate owned expense 97 151
Directors’ fees 411 222
Other expense 1,841 1,635
Total noninterest expense 14,154 13,155
Net income before income taxes 4,021 5,206
Income tax expense 1,440 1,595
Net income 2,581 3,611
Less net income attributable to non-controlling interest 62 57
Net income attributable to HomeTown Bankshares Corporation 2,519 3,554
Effective dividends on preferred stock 408 840
Net income available to common stockholders $ 2,111 $ 2,714
Basic earnings per common share (in dollars per share) $ 0.45 $ 0.79 [1]
Diluted earnings per common share (in dollars per share) $ 0.37 $ 0.62 [1]
Weighted average common shares outstanding (in shares) 4,652,853 3,432,457 [1]
Diluted weighted average common shares outstanding (in shares) 5,776,292 5,756,586 [1]
[1] Restated for the 4% stock dividend distributed July 11, 2016