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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
[1]
Assets    
Cash and due from banks $ 37,618 $ 18,229
Federal funds sold 93 42
Securities available-for-sale 48,665 52,975
Restricted equity securities, at cost 2,371 2,213
Loans held for sale 1,108 678
Loans, net of allowance for loan losses of $3,700 in 2017 and $3,636 in 2016 430,801 415,355
Property and equipment, net 13,177 13,371
Other real estate owned, net of valuation allowance of $589 in 2017 and $825 in 2016 2,768 3,794
Bank owned life insurance 7,566 7,469
Accrued income 2,451 2,289
Other assets 1,332 875
Total assets 547,950 517,290
Liabilities and Stockholders’ Equity    
Noninterest-bearing 116,538 91,354
Interest-bearing 359,818 359,494
Total deposits 476,356 450,848
Federal Home Loan Bank borrowings 11,694 8,000
Subordinated notes 7,239 7,224
Other borrowings 1,100 1,117
Accrued interest payable 413 386
Other liabilities 1,313 1,490
Total liabilities 498,115 469,065
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,769,175 (includes 28,679 restricted shares) at June 30, 2017 and 5,760,735 (includes 31,546 restricted shares) at December 31, 2016 28,766 28,765
Surplus 17,901 17,833
Retained earnings 2,446 1,247
Accumulated other comprehensive income (loss) 252 (56)
Total HomeTown Bankshares Corporation stockholders’ equity 49,365 47,789
Noncontrolling interest in consolidated subsidiary 470 436
Total stockholders’ equity 49,835 48,225
Total liabilities and stockholders' equity $ 547,950 $ 517,290
[1] Derived from consolidated audited financial statements.