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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 16,906 $ 21,714
Federal funds sold 187 180
Securities available for sale, at fair value 49,571 55,344
Restricted equity securities, at cost 2,447 2,371
Loans held for sale 592 1,587
Loans, net of allowance for loan losses of $3,860 in 2018 and $3,758 in 2017 451,730 440,437
Property and equipment, net 12,808 12,937
Other real estate owned, net of valuation allowance of $955 in 2018 and $797 in 2017 3,625 3,249
Bank owned life insurance 8,721 8,669
Accrued income 2,528 2,681
Other assets 2,092 1,084
Total assets 551,207 550,253
Liabilities and Stockholders’ Equity    
Noninterest-bearing 109,682 106,956
Interest-bearing 366,626 370,364
Total deposits 476,308 477,320
Federal Home Loan Bank borrowings 12,794 11,028
Subordinated notes 7,262 7,254
Other borrowings 580 1,558
Accrued interest payable 508 368
Other liabilities 2,175 1,833
Total liabilities 499,627 499,361
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,806,683 (includes 42,495 restricted shares) at March 31, 2018 and 5,775,597 (includes 32,087 restricted shares) at December 31, 2017 28,820 28,777
Surplus 18,063 17,980
Retained earnings 4,957 3,767
Accumulated other comprehensive loss (781) (141)
Total HomeTown Bankshares Corporation stockholders’ equity 51,059 50,383
Noncontrolling interest in consolidated subsidiary 521 509
Total stockholders’ equity 51,580 50,892
Total liabilities and stockholders' equity $ 551,207 $ 550,253