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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
[1]
Assets    
Cash and due from banks $ 34,755 $ 18,229
Federal funds sold 132 42
Securities available for sale, at fair value 53,594 52,975
Restricted equity securities, at cost 2,371 2,213
Loans held for sale 1,013 678
Loans, net of allowance for loan losses of $3,706 in 2017 and $3,636 in 2016 431,104 415,355
Property and equipment, net 13,098 13,371
Other real estate owned, net of valuation allowance of $589 in 2017 and $825 in 2016 3,562 3,794
Bank owned life insurance 8,115 7,469
Accrued income 2,619 2,289
Other assets 1,084 875
Total assets 551,447 517,290
Liabilities and Stockholders’ Equity    
Noninterest-bearing 110,249 91,354
Interest-bearing 368,695 359,494
Total deposits 478,944 450,848
Federal Home Loan Bank borrowings 11,361 8,000
Subordinated notes 7,247 7,224
Other borrowings 992 1,117
Accrued interest payable 508 386
Other liabilities 1,717 1,490
Total liabilities 500,769 469,065
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,771,175 (includes 28,679 restricted shares) at September 30, 2017 and 5,760,735 (includes 31,546 restricted shares) at December 31, 2016 28,776 28,765
Surplus 17,942 17,833
Retained earnings 3,363 1,247
Accumulated other comprehensive income (loss) 107 (56)
Total HomeTown Bankshares Corporation stockholders’ equity 50,188 47,789
Noncontrolling interest in consolidated subsidiary 490 436
Total stockholders’ equity 50,678 48,225
Total liabilities and stockholders' equity $ 551,447 $ 517,290
[1] Derived from consolidated audited financial statements.