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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets    
Cash and due from banks $ 28,005 $ 18,229
Federal funds sold 51 42
Securities available-for-sale 52,159 52,975
Restricted equity securities, at cost 2,290 2,213
Loans held for sale 123 678
Loans, net of allowance for loan losses of $3,726 in 2017 and $3,636 in 2016 424,317 415,355
Property and equipment, net 13,274 13,371
Other real estate owned, net of valuation allowance of $209 in 2017 and $825 in 2016 3,148 3,794
Bank owned life insurance 7,517 7,469
Accrued income 2,250 2,289
Other assets 1,179 875
Total assets 534,313 517,290
Liabilities and Stockholders’ Equity    
Noninterest-bearing 106,585 91,354
Interest-bearing 358,060 359,494
Total deposits 464,645 450,848
Federal Home Loan Bank borrowings 9,917 8,000
Subordinated notes 7,232 7,224
Other borrowings 1,121 1,117
Accrued interest payable 520 386
Other liabilities 1,815 1,490
Total liabilities 485,250 469,065
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,767,175 (includes 28,679 restricted shares) at March 31, 2017 and 5,760,735 (includes 31,546 restricted shares) at December 31, 2016 28,756 28,765
Surplus 17,861 17,833
Retained earnings 2,012 1,247
Accumulated other comprehensive income (loss) (14) (56)
Total HomeTown Bankshares Corporation stockholders’ equity 48,615 47,789
Noncontrolling interest in consolidated subsidiary 448 436
Total stockholders’ equity 49,063 48,225
Total liabilities and stockholders' equity $ 534,313 $ 517,290