Guaranty Federal Bancshares (GFED) 8-K/A Independent Auditor’s Report and Financial Statements

Exhibit 99.2

Hometown Bancshares, Inc.

Condensed Consolidated Balance Sheets

March 31, 2018 (Unaudited) and December 31, 2017

(Dollars in Thousands)

	March 31,			December 31,
	2018			2017
Assets
Cash and Due From Banks	$	7,083		$	4,322
Investment Securities		7,521			8,514
Loans		150,390			151,522
Allowance for Loan Losses		(2,348	)		(2,329	)
Net Loans		148,042			149,193
Fixed Assets		9,268			9,396
Foreclosed Assets held for sale		1,647			1,592
Other Assets		4,146			2,328
Total Assets	$	177,707		$	175,345
Liabilities
Deposits		161,001			151,818
Federal Home Loan Bank advances		2,000			10,000
Securities Sold Under Agreements to Repurchase		2,159			977
Other borrowings		3,000			3,000
Subordinated debentures		6,186			6,186
Other Liabilities		2,003			1,782
Total Liabilities		176,349			173,763
Stockholders' Equity
Common Stock		231			231
Capital Surplus		18,936			18,936
Accumulated Deficit		(17,587	)		(17,425	)
Accumulated Other Comprehensive Loss		(222	)		(160	)
Total Stockholders' Equity		1,358			1,582
Total Liabilities and Stockholders' Equity	$	177,707		$	175,345

Hometown Bancshares, Inc.

Condensed Consolidated Statement of Operations (Unaudited)

For the Three Months Ended March 31, 2018 and 2017

(Dollars in Thousands)

	2018			2017
Interest Income
Loans	$	1,703		$	1,525
Investments and other		50			60
Total Interest Income		1,753			1,585
Interest Expense
Deposits	$	156			126
Federal Home Loan Bank advances		23			70
Subordinated debentures and other		173			139
Total interest expense		352			335
Net interest income		1,401			1,250
Provision for loan losses		-			-
Net interest income after provision for loan losses		1,401			1,250
Non interest income
Service charges		92			103
Gain on sale of loans		35			49
Other income		174			229
		301			381
Non interest expense
Salaries and employee benefits		939			940
Occupancy		324			308
Data processing		168			160
Other expense		434			330
		1,865			1,738
Loss before income taxes		(163	)		(107	)
Provision for income taxes		-			-
Net loss	$	(163	)	$	(107	)