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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
[1]
Assets    
Cash and due from banks $ 20,689 $ 21,714
Federal funds sold 319 180
Securities available for sale, at fair value 47,915 55,344
Restricted equity securities, at cost 2,546 2,371
Loans held for sale 280 1,587
Loans, net of allowance for loan losses of $3,917 in 2018 and $3,758 in 2017 457,535 440,437
Property and equipment, net 13,144 12,937
Other real estate owned, net of valuation allowance of $955 in 2018 and $797 in 2017 3,414 3,249
Bank owned life insurance 8,097 8,669
Accrued income 2,592 2,681
Other assets 1,577 1,084
Total assets 558,108 550,253
Liabilities and Stockholders’ Equity    
Noninterest-bearing 112,112 106,956
Interest-bearing 368,973 370,364
Total deposits 481,085 477,320
Federal Home Loan Bank borrowings 15,116 11,028
Subordinated notes 7,269 7,254
Other borrowings 275 1,558
Accrued interest payable 361 368
Other liabilities 1,925 1,833
Total liabilities 506,031 499,361
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,811,483 (includes 42,495 restricted shares) at June 30, 2018 and 5,775,597 (includes 32,087 restricted shares) at December 31, 2017 28,845 28,777
Surplus 18,117 17,980
Retained earnings 5,698 3,767
Accumulated other comprehensive loss (916) (141)
Total HomeTown Bankshares Corporation stockholders’ equity 51,744 50,383
Noncontrolling interest in consolidated subsidiary 333 509
Total stockholders’ equity 52,077 50,892
Total liabilities and stockholders' equity $ 558,108 $ 550,253
[1] Derived from consolidated audited financial statements.