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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 18,126 $ 21,714 [1]
Federal funds sold 193 180 [1]
Securities available for sale, at fair value 45,704 55,344 [1]
Restricted equity securities, at cost 2,359 2,371 [1]
Loans held for sale 1,378 1,587 [1]
Loans, net of allowance for loan losses of $3,947 in 2018 and $3,758 in 2017 462,396 440,437 [1]
Property and equipment, net 13,096 12,937 [1]
Other real estate owned, net of valuation allowance of $954 in 2018 and $797 in 2017 3,196 3,249 [1]
Bank owned life insurance 8,147 8,669 [1]
Accrued income 2,639 2,681 [1]
Other assets 1,507 1,084 [1]
Total assets 558,741 550,253 [1]
Liabilities and Stockholders’ Equity    
Noninterest-bearing 121,598 106,956 [1]
Interest-bearing 361,899 370,364 [1]
Total deposits 483,497 477,320 [1]
Federal Home Loan Bank borrowings 10,728 11,028 [1]
Subordinated notes 7,277 7,254 [1]
Other borrowings 1,348 1,558 [1]
Accrued interest payable 556 368 [1]
Other liabilities 2,365 1,833 [1]
Total liabilities 505,771 499,361 [1]
Commitments and contingencies
Stockholders’ equity:    
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,809,789 (includes 42,495 restricted shares) at September 30, 2018 and 5,775,597 (includes 32,087 restricted shares) at December 31, 2017 28,836 28,777 [1]
Surplus 18,151 17,980 [1]
Retained earnings 6,798 3,767 [1]
Accumulated other comprehensive loss (1,158) (141) [1]
Total HomeTown Bankshares Corporation stockholders’ equity 52,627 50,383 [1]
Noncontrolling interest in consolidated subsidiary 343 509 [1]
Total stockholders’ equity 52,970 50,892 [1]
Total liabilities and stockholders' equity $ 558,741 $ 550,253 [1]
[1] Derived from consolidated audited financial statements.