HomeTown Bankshares (HMTA) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 12, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	HomeTown Bankshares Corp
Trading Symbol	hmta
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		3,373,259
Amendment Flag	false
Entity Central Index Key	1,461,640
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 27,890	$ 28,745
Federal funds sold	1,082	1,329
Securities available for sale, at fair value	54,757	52,544
Restricted equity securities, at cost	2,765	2,535
Loans held for sale	289	1,643
Loans, net of allowance for loan losses of $3,347 in 2016 and $3,298 in 2015	377,716	364,060
Property and equipment, net	13,864	14,008
Other real estate owned, net of valuation allowance of $420 in 2016 and in 2015	5,686	5,237
Bank owned life insurance	6,328	6,285
Accrued income	2,010	2,057
Other assets	935	942
Total assets	493,322	479,385
Deposits:
Noninterest-bearing	80,060	77,268
Interest-bearing	333,558	322,278
Total deposits	413,618	399,546
Federal Home Loan Bank borrowings	22,000	22,000
Subordinated notes	7,202	7,194
Other borrowings	1,072	2,361
Accrued interest payable	569	372
Other liabilities	1,621	1,521
Total liabilities	$ 446,082	$ 432,994
Commitments and contingencies
Stockholders’ equity:
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 3,373,259 (includes 37,633 restricted shares) at March 31, 2016 and 3,362,536 (includes 37,848 restricted shares) at December 31, 2015	$ 16,801	$ 16,801
Surplus	15,521	15,484
Retained earnings	1,040	443
Accumulated other comprehensive income	597	396
Total HomeTown Bankshares Corporation stockholders’ equity	46,852	46,017
Non-controlling interest in consolidated subsidiary	388	374
Total stockholders’ equity	47,240	46,391
Total liabilities and stockholders’ equity	493,322	479,385
Series C Preferred Stock [Member]
Stockholders’ equity:
Convertible preferred stock, no par value; Series C authorized 20,000 shares, issued and outstanding 13,600 at March 31, 2016 and at December 31, 2015	$ 12,893	$ 12,893

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Loans, allowance for loan losses (in Dollars)	$ 3,347	$ 3,298
Other real estate owned, valuation allowance (in Dollars)	$ 420	$ 420
Common stock, par value (in Dollars per share)	$ 5	$ 5
Common stock, authorized shares	10,000,000	10,000,000
Common stock, shares issued	3,373,259	3,362,536
Common stock, shares outstanding	3,373,259	3,362,536
Common stock, restricted shares	37,633	37,848
Series C Preferred Stock [Member]
Preferred stock, par value (in Dollars per share)	$ 0	$ 0
Preferred stock, authorized	20,000	20,000
Preferred stock, issued	13,600	13,600
Preferred stock, outstanding	13,600	13,600

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income:
Loans and fees on loans	$ 4,256	$ 3,899
Taxable investment securities	204	206
Nontaxable investment securities	101	103
Dividends on restricted stock	34	33
Other interest income	19	9
Total interest and dividend income	4,614	4,250
Interest expense:
Deposits	504	448
Subordinated notes	134
Other borrowed funds	97	92
Total interest expense	735	540
Net interest income	3,879	3,710
Provision for loan losses	60
Net interest income after provision for loan losses	3,819	3,710
Noninterest income:
Service charges on deposit accounts	154	110
ATM and interchange income	147	122
Mortgage banking	175	120
Gains on sales of investment securities	5	40
Other income	130	143
Total noninterest income	611	535
Noninterest expense:
Salaries and employee benefits	1,726	1,541
Occupancy and equipment expense	434	445
Data processing expense	232	212
Advertising and marketing expense	94	242
Professional fees	101	112
Bank franchise taxes	92	66
FDIC insurance expense	83	75
Other real estate owned expense	22	30
Directors’ fees	107	52
Other expense	371	334
Total noninterest expense	3,262	3,109
Net income before income taxes	1,168	1,136
Income tax expense	353	346
Net income	815	790
Less net income attributable to non-controlling interest	14	14
Net income attributable to HomeTown Bankshares Corporation	801	776
Effective dividends on preferred stock	204	210
Net income available to common stockholders	$ 597	$ 566
Basic earnings per common share (in Dollars per share)	$ 0.18	$ 0.17
Diluted earnings per common share (in Dollars per share)	$ 0.14	$ 0.14
Weighted average common shares outstanding (in Shares)	3,366,778	3,291,517
Diluted weighted average common shares outstanding (in Shares)	5,565,629	5,531,517

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 815	$ 790
Other comprehensive income:
Net unrealized holding gains on securities available for sale during the period	310	312
Deferred income tax expense on unrealized holding gains on securities available for sale	(106)	(106)
Reclassification adjustment for gains on sales of investment securities included in net income	(5)	(40)
Tax expense related to realized gains on securities sold	2	14
Total other comprehensive income	201	180
Comprehensive income	1,016	970
Less: Comprehensive income attributable to the non-controlling interest	14	14
Comprehensive income attributable to HomeTown Bankshares Corporation	$ 1,002	$ 956

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 815	$ 790
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	189	185
Provision for loan losses	60
Amortization of premium on securities, net	139	145
Amortization of discount on subordinated notes	8
Gains on sales of loans held for sale	(144)	(86)
Gains on sales of investment securities	(5)	(40)
Increase in value of life insurance contracts	(43)	(28)
Stock compensation expense	37	33
Originations of loans held for sale	(4,664)	(3,367)
Proceeds from sales of loans held for sale	6,162	3,156
Changes in assets and liabilities:
Accrued income	47	(64)
Other assets	7	(18)
Deferred taxes, net	(303)	(92)
Accrued interest payable	197	31
Other liabilities	299	(373)
Net cash flows provided by operating activities	2,801	272
Cash flows from investing activities:
Net (increase) decrease in federal funds sold	247	(721)
Purchases of available for sale securities	(4,002)	(1,748)
Sales, maturities, and calls of available for sale securities	1,935	5,360
Purchase of restricted equity securities, net	(230)	(204)
Net increase in loans	(14,164)	(7,681)
Proceeds from sales of other real estate	24	69
Purchases of bank owned life insurance		(2,500)
Purchases of property and equipment	(45)	(186)
Net cash flows used in investing activities	(16,235)	(7,611)
Cash flows from financing activities:
Net increase in noninterest-bearing deposits	2,792	1,656
Net increase in interest-bearing deposits	11,280	2,344
Net increase in FHLB borrowings		4,000
Net increase (decrease) in other borrowings	(1,289)	392
Net increase in equity of non-controlling interest		317
Preferred stock dividend payment	(204)	(210)
Net cash flows provided by financing activities	12,579	8,499
Net increase (decrease) in cash and cash equivalents	(855)	1,160
Cash and cash equivalents, beginning	28,745	13,795	$ 13,795
Cash and cash equivalents, ending	27,890	14,955	$ 28,745
Supplemental disclosure of cash flow information:
Cash payments for interest	538	509
Cash payments for income taxes	28	646
Supplemental disclosure of noncash investing activities:
Change in unrealized gains on available for sale securities	305	$ 272
Transfer from loans to other real estate	$ 473

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1. Organization and Summary of Significant Accounting Policies Organization On September 4, 2009, Hometown Bankshares Corporation (the “Company”) acquired all outstanding stock of HomeTown Bank (the “Bank”) in an exchange for shares of the Company on a one-for-one basis to become a single-bank holding company with the Bank becoming a wholly-owned subsidiary. The Bank was organized and incorporated under the laws of the State of Virginia on November 9, 2004 and commenced operations on November 14, 2005. The Bank currently serves Roanoke City, Virginia, the County of Roanoke, Virginia, the City of Salem, Virginia, Christiansburg, Virginia, and surrounding areas. As a state chartered bank which is a member of the Federal Reserve System, the Bank is subject to regulation by the Virginia Bureau of Financial Institutions, the Federal Deposit Insurance Corporation and the Federal Reserve Board. Basis of Presentation The consolidated financial statements as of March 31, 2016 and for the periods ended March 31, 2016 and 2015 included herein, have been prepared by HomeTown Bankshares Corporation, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Management believes that all interim adjustments for the period ended March 31, 2016 are of a normal recurring nature. In the opinion of management, the information furnished in the interim consolidated financial statements reflects all adjustments necessary to present fairly the Company’s financial position, results of operations and cash flows for such interim periods. These consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto as of December 31, 2015, included in the Company’s Form 10-K for the year ended December 31, 2015. Interim financial performance is not necessarily indicative of performance for the full year. The accounting and reporting policies of the Company follow generally accepted accounting principles and general practices within the financial services industry. The consolidated financial statements of HomeTown Bankshares Corporation include the accounts of its wholly-owned subsidiary HomeTown Bank and the accounts of its subsidiary, HomeTown Residential Mortgage LLC. HomeTown Bank owns a 49% interest in HomeTown Residential Mortgage LLC which originates and sells mortgages secured by personal residences. Due to the marketing support and direction provided by HomeTown Bank to HomeTown Residential Mortgage LLC, along with guarantees of warehouse lines of credit used in its operation, the Company is deemed to exercise control of this entity. The ownership interest in HomeTown Residential Mortgage LLC not owned by the Company is reported as Non-Controlling Interest in a Consolidated Subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation. Our accounting policies and basic principles have not changed since the summary disclosure of these in our Annual Report on Form 10-K. Please refer to Form 10-K for these policies.

Note 2 - Investment Securities

Note 2 - Investment Securities	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2. Investment Securities The amortized cost and fair value of available-for-sale securities as of March 31, 2016 and December 31, 2015, are as follows: (Dollars In Thousands) March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 28,507 $ 330 $ (99 ) $ 28,738 Mortgage-backed securities 8,353 65 (45 ) 8,373 Municipal securities 17,017 661 (32 ) 17,646 $ 53,877 $ 1,056 $ (176 ) $ 54,757 (Dollars In Thousands) December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 26,385 $ 242 $ (191 ) $ 26,436 Mortgage-backed securities 8,803 60 (90 ) 8,773 Municipal securities 16,756 594 (15 ) 17,335 $ 51,944 $ 896 $ (296 ) $ 52,544 U. S. Government and federal agency securities: at March 31, 2016. Mortgage-backed securities: Municipal securities: at March 31, 2016. The following tables demonstrate the unrealized loss position of available-for-sale securities at March 31, 2016 and December 31, 2015. This information summarizes the amount of time individual securities have been in a continuous, unrealized loss position. March 31, 2016 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U. S. Government agency securities $ 6,850 $ (50 ) $ 3,284 $ (49 ) $ 10,134 $ (99 ) Mortgage-backed securities 1,562 (5 ) 2,504 (40 ) 4,066 (45 ) Municipal securities 1,743 (26 ) 539 (6 ) 2,282 (32 ) $ 10,155 $ (81 ) $ 6,327 $ (95 ) $ 16,482 $ (176 ) December 31, 2015 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agency securities $ 8,878 $ (106 ) $ 5,275 $ (85 ) $ 14,153 $ (191 ) Mortgage-backed securities 3,447 (32 ) 2,718 (58 ) 6,165 (90 ) Municipal securities 805 (10 ) 526 (5 ) 1,331 (15 ) $ 13,130 $ (148 ) $ 8,519 $ (148 ) $ 21,649 $ (296 ) There are thirty-six debt securities with fair values totaling $16.5 million considered temporarily impaired at March 31, 2016. As of March 31, 2016, the Company does not consider any bond in an unrealized loss position to be other-than-temporarily impaired. The Company realized gains of $5 thousand and no realized losses on sales of securities in the first three months of 2016. The Company realized gains of $55 thousand and $15 thousand of losses during the same period last year. The amortized cost and fair values of investment securities available for sale at March 31, 2016, by contractual maturity are as follows: (Dollars In Thousands) Amortized Cost Fair Value One year or less $ 2 $ 2 Over one through five years 1,963 1,993 Over five through ten years 10,708 10,771 Greater than 10 years 41,204 41,991 $ 53,877 $ 54,757

Note 3 - Loans Receivable

Note 3 - Loans Receivable	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3. Loans Receivable The major classifications of loans in the consolidated balance sheets at March 31, 2016 and December 31, 2015 were as follows: (Dollars In Thousands) March 31, 2016 December 31, 2015 Construction loans: Residential $ 10,983 $ 11,779 Land acquisition, development & commercial 30,167 27,440 Real estate: Residential 105,055 100,268 Commercial 147,561 140,952 Commercial, industrial & agricultural 52,913 53,012 Equity lines 26,954 26,376 Consumer 7,430 7,531 Total 381,063 367,358 Less allowance for loan losses (3,347 ) (3,298 ) Loans, net $ 377,716 $ 364,060 The past due and nonaccrual status of loans as of March 31, 2016 was as follows: (Dollars In Thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Nonaccrual Loans Construction loans: Residential $ − $ − $ − $ − $ 10,983 $ 10,983 $ − Land acquisition, development & commercial − − 10 10 30,157 30,167 10 Real estate: Residential 495 815 − 1,310 103,745 105,055 − Commercial − − − − 147,561 147,561 360 Commercial, industrial & agricultural 167 − 34 201 52,712 52,913 45 Equity lines − 98 305 403 26,551 26,954 − Consumer 2 − − 2 7,428 7,430 − Total $ 664 $ 913 $ 349 $ 1,926 $ 379,137 $ 381,063 $ 415 The past-due and nonaccrual status of loans as of December 31, 2015 was as follows: (Dollars In Thousands) 30-59 Days Past-Due 60-89 Days Past-Due 90 Days or More Past- Due Total Past- Due Current Total Loans Nonaccrual Loans Construction: Residential $ − $ − $ − $ − $ 11,779 $ 11,779 $ − Land acquisition, development & commercial − − 11 11 27,429 27,440 11 Real Estate: Residential 297 − 50 347 99,921 100,268 − Commercial 44 − 792 836 140,116 140,952 368 Commercial, industrial & agricultural 52 84 35 171 52,841 53,012 47 Equity lines 105 − − 105 26,271 26,376 − Consumer − − − − 7,531 7,531 − Total $ 498 $ 84 $ 888 $ 1,470 $ 365,888 $ 367,358 $ 426 There was one loan of $305 thousand that was past due ninety days or more and still accruing interest as of March 31, 2016. There were two loans, totaling $842 thousand, which were past due ninety days or more and still accruing interest at December 31, 2015. Impaired loans, which include TDR’s of $6.6 million, and the related allowance at March 31, 2016, were as follows: March 31, 2016 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real estate: Residential 195 195 − 213 5 Commercial 7,476 7,652 − 7,481 74 Commercial, industrial & agricultural 12 12 − 12 − Equity lines − − − − − Consumer − − − − − Total loans with no allowance $ 7,683 $ 7,859 $ − $ 7,706 $ 79 March 31, 2016 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real estate: Residential − − − − − Commercial 124 124 17 127 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ 124 $ 124 $ 17 $ 127 $ − Impaired loans, which include TDRs of $6.7 million, and the related allowance at December 31, 2015, were as follows: December 31, 2015 Unpaid Average Interest With no related allowance: Investment Principal Related Balance Income (Dollars In Thousands) in Loans Balance Allowance Total Loans Recognized Construction: Residential $ − $ − $ – $ − $ − Land acquisition, development & commercial − − – − − Real Estate: Residential 247 247 – 255 13 Commercial 7,451 7,627 – 7,623 291 Commercial, industrial & agricultural 12 12 – 12 − Equity lines − − – − − Consumer − − – − − Total loans with no allowance $ 7,710 $ 7,886 $ – $ 7,890 $ 304 December 31, 2015 Recorded Unpaid Average Interest With an allowance recorded: Investment Principal Related Balance Income (Dollars In Thousands) in Loans Balance Allowance Total Loans Recognized Construction: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real Estate: Residential − − − − − Commercial 127 127 17 135 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ 127 $ 127 $ 17 $ 135 $ − Troubled Debt Restructurings Troubled debt restructurings (“TDR’s”) were comprised of six loans totaling $6.6 million at March 31, 2016. This compares with $6.7 million in total restructured loans at December 31, 2015. No loans were modified in a TDR during the first quarter of 2016. The following table presents by class of loan, information related to the loan modified in a TDR during the three months ended March 31, 2015: Loans modified as TDR's For the three months ended March 31, 2015 Class of Loan Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (Dollars in Thousands) Construction loans: Residential — $ — $ — Land acquisition, development & commercial — — — Real estate loans: Residential — — — Commercial 1 260 255 Commercial, industrial, agricultural — — 12 Equity lines — — — Consumer — — — Total Loans 1 $ 260 $ 267 Four of the six loans totaling $6.4 million were not on nonaccrual status at March 31, 2016. The other two loans totaling $247 thousand were on nonaccrual status at the end of the first quarter of 2016. The loan identified above in the table restructured into two TDR’s during the three months ended March 31, 2015. It was included in substandard nonaccrual loans and impaired loans at the end of 2014. All six TDR’s were current with their restructured terms at March 31, 2016. Management considers troubled debt restructurings and subsequent defaults in restructured loans in the determination of the adequacy of the Company’s allowance for loan losses. When identified as a TDR, a loan is evaluated for potential loss based on the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the estimated fair value of the collateral, less any selling costs if the loan is collateral dependent. Loans identified as TDRs frequently are on non-accrual status at the time of the restructuring and, in some cases, partial charge-offs may have already been taken against the loan and a specific allowance may have already been established for the loan. As a result of any modification as a TDR, if a specific reserve is associated with the loan it may be increased. Additionally, loans modified in a TDR are closely monitored for delinquency as an early indicator of possible future defaults. If loans modified in a TDR subsequently default, the Company evaluates the loan for possible further impairment. As a result, any specific allowance may be increased, adjustments may be made in the allocation of the total allowance balance, or partial charge-offs may be taken to further write-down the carrying value of the loan. Management exercises significant judgment in developing estimates for potential losses associated with TDRs.

Note 4 - Allowance for Loan Los

Note 4 - Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses [Text Block]	Note 4. Allowance for Loan Losses The following table presents, as of March 31, 2016, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment), the total loans and loans by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment). March 31, 2016 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending Balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 83 $ − $ − $ (6 ) $ 77 $ − $ 77 $ 10,983 $ − $ 10,983 Land acquisition, development & commercial 187 − − 33 220 − 220 30,167 − 30,167 Real estate: Residential 1,047 − − (7 ) 1,040 − 1,040 105,055 195 104,860 Commercial 1,001 − − 95 1,096 17 1,079 147,561 7,600 139,961 Commercial, industrial & agricultural 531 − − (102 ) 429 − 429 52,913 12 52,901 Equity lines 277 − − 19 296 − 296 26,954 − 26,954 Consumer 85 (15 ) 4 23 97 − 97 7,430 − 7,430 Unallocated 87 − − 5 92 − 92 − − − Total $ 3,298 $ (15 ) $ 4 $ 60 $ 3,347 $ 17 $ 3,330 $ 381,063 $ 7,807 $ 373,256 The following table presents, as of December 31, 2015, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment), the total loans and loans by impairment methodology (individually evaluated for impairment or collectively evaluated for impairment). December 31, 2015 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 43 $ − $ − $ 40 $ 83 $ − $ 83 $ 11,779 $ − $ 11,779 Land acquisition, development & commercial 453 − − (266 ) 187 − 187 27,440 − 27,440 Real estate: Residential 833 − 1 213 1,047 − 1,047 100,268 247 100,021 Commercial 1,012 − − (11 ) 1,001 17 984 140,952 7,578 133,374 Commercial, industrial & agricultural 319 − 10 202 531 − 531 53,012 12 53,000 Equity lines 423 − 1 (147 ) 277 − 277 26,376 − 26,376 Consumer 65 (80 ) 34 66 85 − 85 7,531 − 7,531 Unallocated 184 − − (97 ) 87 − 87 − − − Total $ 3,332 $ (80 ) $ 46 $ − $ 3,298 $ 17 $ 3,281 $ 367,358 $ 7,837 $ 359,521 Loans by credit quality indicators as of March 31, 2016 were as follows: (Dollars In Thousands) Pass Special Mention Substandard Accruing Substandard Nonaccrual Total Construction loans: Residential $ 10,983 $ − $ − $ − $ 10,983 Land acquisition, development & commercial 30,157 − − 10 30,167 Real estate loans: Residential 104,859 − 196 − 105,055 Commercial 145,762 − 1,439 360 147,561 Commercial, industrial, agricultural 52,181 687 − 45 52,913 Equity lines 26,954 − − − 26,954 Consumer 7,424 − 6 − 7,430 Total Loans $ 378,320 $ 687 $ 1,641 $ 415 $ 381,063 Loans by credit quality indicators as of December 31, 2015 were as follows: (Dollars In Thousands) Pass Special Mention Substandard Accruing Substandard Nonaccrual Total Construction loans: Residential $ 11,779 $ − $ − $ − $ 11,779 Land acquisition, development & commercial 27,429 − − 11 27,440 Real estate loans: Residential 95,809 4,212 247 − 100,268 Commercial 138,034 1,155 1,395 368 140,952 Commercial, industrial, agricultural 51,801 1,164 − 47 53,012 Equity lines 26,376 − − − 26,376 Consumer 7,523 − 8 − 7,531 Total Loans $ 358,751 $ 6,531 $ 1,650 $ 426 $ 367,358 At March 31, 2016 and December 31, 2015, the Company had no loans classified as Doubtful or Loss.

Note 5 - Foreclosed Properties

Note 5 - Foreclosed Properties	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Real Estate Owned [Text Block]	Note 5. Foreclosed Properties Changes in foreclosed properties for the nine months ended March 31, 2016 were as follows: (Dollars In Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 5,657 $ (420 ) $ 5,237 Additions 473 — 473 Writedowns — — — Sales (24 ) — (24 ) Balance at the end of the period $ 6,106 $ (420 ) $ 5,686 Changes in foreclosed properties for the nine months ended March 31, 2015 were as follows: (Dollars In Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 7,408 $ (422 ) $ 6,986 Additions — — — Writedowns — — — Sales (69 ) — (69 ) Balance at the end of the period $ 7,339 $ (422 ) $ 6,917 The major classifications of other real estate owned in the consolidated balance sheets at March 31, 2016 and December 31, 2015 were as follows: (Dollars In Thousands) March 31, 2016 December 31, 2015 Residential lots $ 2,496 $ 2,520 Residential development 423 423 Commercial lots 90 90 Commercial buildings 2,677 2,204 Total Other Real Estate Owned $ 5,686 $ 5,237 There were no residential real estate loans in the process of foreclosure at March 31, 2016 or December 31, 2015. Other real estate owned related expenses in the consolidated statements of income for the three months ended March 31, 2016 and March 31, 2015 include: (Dollars In Thousands) Three months Ended March 31, 2016 Three months Ended March 31, 2015 Net gain on sales $ — $ — Provision for unrealized losses — — Operating expenses 22 30 Total Other Real Estate Owned $ 22 $ 30

Note 6 - Stock Based Compensati

Note 6 - Stock Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 6. Stock Based Compensation The Company recorded stock based compensation expense of $37 thousand and $33 thousand for the years to date March 31, 2016 and 2015, respectively. The Company has a 2005 Stock Option Plan (the Plan) pursuant to which the Board of Directors may grant stock options to directors, officers and employees. Under the fair value recognition provisions of relevant accounting guidance, stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense on a straight-line basis over the requisite service period, which is the vesting period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock options. The fair value of the stock based payment awards is affected by the price of our stock and a number of financial assumptions and variables. These variables include the risk free interest rate, expected dividend rate, expected stock price volatility and the expected life of the options. On December 18, 2014, the Board of Directors granted 165 thousand shares which will vest over a five year period. Financial assumptions and variables used to determine the fair value of these stock options are; risk free interest rate of 2.01%, an expected term of 7.5 years, an expected stock price volatility of 26% and a dividend rate of 0%. The fair value of the options was determined to be $2.29 per option. Compensation expense will be charged to income ratably over the vesting period and was $19 thousand year to date March 31, 2016 and $18 thousand year to date March 31, 2015. As of March 31, 2016 there was $282 thousand of total unrecognized compensation cost related to nonvested stock options granted under the Plan. The cost will be recognized over the next 3.75 years. No options were granted during the three months ended March 31, 2016. All previously issued options were fully vested at the end of 2012. A summary of option activity under the 2005 stock option plan year to date March 31, 2016 is as follows: Options Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value (1) Weighted Average Contractual Term (years) Balance at December 31, 2015 546,460 $ 8.62 Granted – – Exercised – – Forfeited – – Balance at March 31, 2016 546,460 $ 8.62 $ 461,028 2.81 Exercisable at March 31, 2016 437,793 $ 9.04 $ 200,228 1.34 (1) The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on March 31, 2016. In 2009, the Board of Directors authorized 132,000 shares of common stock for issuance under the Restricted Stock Plan. The plan provides for restricted stock awards to key employees. Restricted shares awarded to employees generally vest over a five year period and compensation expense is charged to income ratably over the vesting period and was $18 thousand and $15 thousand for the years to date March 31, 2016 and 2015, respectively. Compensation is accounted for using the fair market value of the Company’s common stock on the date the restricted shares are awarded. The Company granted 10,723 and 8,670 shares of restricted stock under the plan during the years to date March 31, 2016 and 2015, respectively. The weighted-average grant date fair value of restricted stock granted in 2016 was $9.45 compared to $7.70 in 2015. As of March 31, 2016, there was $165 thousand of total unrecognized compensation cost related to restricted stock granted under the Plan. The cost is expected to be recognized through 2021. A summary of the activity for restricted stock awards for the periods indicated is presented below: For the three months ended March 31, 2016 For the three months ended March 31, 2015 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Nonvested at beginning of year 37,848 $ 6.24 37,727 $ 5.56 Granted 10,723 9.45 8,670 7.70 Vested (10,938 ) 5.65 (10,848 ) 5.56 Cancelled – – – – Nonvested at the end of the period 37,633 $ 7.33 35,549 $ 6.08

Note 7 - Fair Value Measurement

Note 7 - Fair Value Measurement	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 7. Fair Value Measurement The Company uses a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three levels of the fair value hierarchy based on these two types of inputs are as follows: Level 1 - Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 - Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 - Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market. The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the consolidated financial statements: Securities available for sale: The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015: (Dollars In Thousands) Carrying value at March 31, 2016 Description Balance as of March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 28,738 $ – $ 28,738 $ – Mortgaged-backed securities 8,373 – 8,373 – Municipal securities 17,646 – 17,646 – (Dollars In Thousands) Carrying value at December 31, 2015 Description Balance as of December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 26,436 $ – $ 26,436 $ – Mortgaged-backed securities 8,773 – 8,773 – Municipal securities 17,335 – 17,335 – Certain assets are measured at fair value on a nonrecurring basis in accordance with generally accepted accounting principles (GAAP). Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the consolidated financial statements: Impaired Loans: Loans held for sale: Other Real Estate Owned (OREO) The following table summarizes the Company’s assets that were measured at fair value on a nonrecurring basis as of March 31, 2016 and December 31, 2015. (Dollars In Thousands) Carrying value at March 31, 2016 Description Balance as of March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans, net of valuation allowance $ 107 $ – $ – $ 107 Loans held for sale 289 – 289 – Other real estate owned 5,686 – 1,773 3,913 (Dollars In Thousands) Carrying value at December 31, 2015 Description Balance as of December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans, net of valuation allowance $ 110 $ – $ – $ 110 Loans held for sale 1,643 – 1,643 – Other real estate owned 5,237 – 1,300 3,937 At March 31, 2016 and December 31, 2015, the Company did not have any liabilities measured at fair value on a nonrecurring basis. The following table displays quantitative information about Level 3 Fair Value Measurements for March 31, 2016: (Dollars In Thousands) Quantitative information about Level 3 Fair Value Measurements for March 31, 2016 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Impaired loans $ 107 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 95% - 95% (95%) Other real estate owned $ 1,735 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 4% - 9% (8%) $ 2,178 Internal evaluations Internal evaluations 4% - 39% (22%) The following table displays quantitative information about Level 3 Fair Value Measurements for December 31, 2015: (Dollars In Thousands) Quantitative information about Level 3 Fair Value Measurements for December 31, 2015 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Impaired loans $ 110 Discounted appraised value Selling cost 0% - 0% (0%) Discount for lack of marketability and age of appraisal 95% - 95% (95%) Other real estate owned $ 1,735 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 4% - 9% (8%) $ 2,202 Internal evaluations Internal evaluations 4% - 39% (21%) The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments: Cash and due from banks: The carrying amounts reported in the consolidated balance sheet for cash on hand and amounts due from correspondent banks approximate their fair values. The fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates of deposit to a schedule of contractual maturities on such time deposits. Federal funds sold: Federal funds sold consist of overnight loans to other financial institutions and mature within one to three days. At March 31, 2016 and December 31, 2015, management believes the carrying value of federal funds sold approximates estimated market value. Securities available for sale: Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1). If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. Third party vendors compile prices from various sources and may determine the fair value of identical or similar securities by using pricing models that consider observable market data (Level 2). Restricted equity securities: For these restricted equity securities, the carrying amount is a reasonable estimate of fair value based on the redemption provisions of the related securities. Loans held for sale: The carrying value of these loans approximates the fair value. These loans close in the name of the Bank’s joint venture subsidiary HomeTown Residential Mortgage, LLC, but are generally sold within a two-week period. Loans receivable: For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying amounts. Their fair values are measured utilizing independent valuation techniques of similar securities for which significant assumptions are derived primarily from or corroborated by observable market data. The fair values for other loans are estimated using discounted cash flow analysis, based on interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Bank owned life insurance: The cash values of these policies are estimates using information provided by insurance carriers. The policies are carried at their cash surrender value, which approximates fair value. Deposit liabilities: The fair values disclosed for demand and savings deposits are, by definition, equal to the amount payable on demand at the reporting date. The fair values for certificates of deposit and individual retirement accounts are estimated using a discounted cash flow calculation that applies interest rates currently being offered to a schedule of contractual maturities on such time deposits. FHLB borrowings: The fair values for FHLB borrowings are estimated using a discounted cash flow calculation that applies interest rates currently being offered on FHLB borrowings to the contractual maturities on such FHLB borrowings. Subordinated notes: The fair value of the subordinated notes is estimated using a discounted cash flow calculation that applies current incremental borrowing rates for similar types of borrowing arrangements. Other borrowings: The warehouse line of credit is a short term revolving credit facility used to fund mortgage loans originations until the underlying loan is sold. The warehouse line of credit, federal funds purchased, borrowings under repurchase agreements mature within 30 days and approximate their fair values. Accrued interest: The carrying amount of accrued interest receivable and payable approximates fair value. Off-balance sheet financial instruments: The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements. At March 31, 2016 and December 31, 2015, the fair value of loan commitments and standby letters of credit were deemed to be immaterial. The carrying amounts and approximate fair values of the Company's financial instruments are as follows at March 31, 2016: (Dollars In Thousands) Fair value at March 31, 2016 Description Carrying value as of March 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 27,890 $ 26,140 $ 1,761 $ – $ 27,901 Federal funds sold 1,082 1,082 – – 1,082 Securities available-for-sale 54,757 – 54,757 – 54,757 Restricted equity securities 2,765 – 2,765 – 2,765 Loans held for sale 289 – 289 – 289 Loans, net 377,716 – – 380,568 380,568 Bank owned life insurance 6,328 – 6,328 – 6,328 Accrued income 2,010 – 2,010 – 2,010 Financial liabilities Total deposits 413,618 – 414,104 – 414,104 FHLB borrowings 22,000 – 22,165 – 22,165 Subordinated notes 7,202 – 7,055 – 7,055 Other borrowings 1,072 – 1,072 – 1,072 Accrued interest payable 569 – 569 – 569 The carrying amounts and approximate fair values of the Company's financial instruments are as follows at December 31, 2015: (Dollars In Thousands) Fair value at December 31, 2015 Description Carrying value as of December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 28,745 $ 26,995 $ 1,767 $ – $ 28,762 Federal funds sold 1,329 1,329 – – 1,329 Securities available for sale 52,544 – 52,544 – 52,544 Restricted equity securities 2,535 – 2,535 – 2,535 Loans held for sale 1,643 – 1,643 – 1,643 Loans, net 364,060 – – 362,440 362,440 Bank owned life insurance 6,285 – 6,285 – 6,285 Accrued income 2,057 – 2,057 – 2,057 Financial liabilities Total deposits 399,546 – 400,117 – 400,117 FHLB borrowings 22,000 – 22,191 – 22,191 Subordinated notes 7,194 – 7,354 – 7,354 Other borrowings 2,361 – 2,361 – 2,361 Accrued interest payable 372 – 372 – 372

Note 8 - Reclassifications Out

Note 8 - Reclassifications Out of Other Comprehensive Income	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Note 8. Reclassifications Out of Other Comprehensive Income Items reclassified in their entirety to net income for the three months ended March 31, 2016 and 2015 are as follows: Amounts Reclassified from Details about Other Comprehensive Other Comprehensive Income Affected Line Item in the Statement Components for the Three Months Ended March 31, Where Net Income is Presented (Dollars In Thousands) 2015 201 5 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 5 $ 40 Gains on sales of investment securities Tax expense related to realized gains on securities sold 2 14 Income tax expense $ 3 $ 26 Net income

Note 9 - Earnings Per Common Sh

Note 9 - Earnings Per Common Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Note 9. Earnings per Common Share The following tables show the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of diluted potential common stock. Potential dilutive common stock had no effect on income available to common shareholders. For the Three Months Ended March 31, 2016 2015 Dollars In Thousands, except share and per share data Weighted Average Common Share s Outstanding Net Income Available to Common Shareholders Per Share Amount Weighted Average Common Share s Outstanding Net Income Available to Common Shareholders Per Share Amount Earnings per common share, basic 3,366,778 $ 597 $ 0.18 3,291,517 $ 566 $ 0.17 Series C Preferred Stock Dividends 204 210 Effect of dilutive securities: Convertible preferred stock 2,176,000 − (0.04 ) 2,240,000 − (0.03 ) Dilutive stock options 22,851 − − − − − Earnings per common share, diluted 5,565,629 $ 801 $ 0.14 5,531,517 $ 776 $ 0.14 Nonvested restricted shares were included in weighted average common shares outstanding for computing basic earnings per share, as the holder has voting rights and would share in a stock or cash dividend during the vesting period.

Note 10 - Subsequent Events

Note 10 - Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 10. Subsequent Events On April 28, 2016, the Company’s Board of Directors declared a quarterly cash dividend in the amount of $15.00 per Series C convertible preferred share, payable on June 15, 2016 to preferred shareholders of record May 31, 2016.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The consolidated financial statements as of March 31, 2016 and for the periods ended March 31, 2016 and 2015 included herein, have been prepared by HomeTown Bankshares Corporation, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Management believes that all interim adjustments for the period ended March 31, 2016 are of a normal recurring nature. In the opinion of management, the information furnished in the interim consolidated financial statements reflects all adjustments necessary to present fairly the Company’s financial position, results of operations and cash flows for such interim periods. These consolidated financial statements should be read in conjunction with the Company’s audited financial statements and the notes thereto as of December 31, 2015, included in the Company’s Form 10-K for the year ended December 31, 2015. Interim financial performance is not necessarily indicative of performance for the full year. The accounting and reporting policies of the Company follow generally accepted accounting principles and general practices within the financial services industry. The consolidated financial statements of HomeTown Bankshares Corporation include the accounts of its wholly-owned subsidiary HomeTown Bank and the accounts of its subsidiary, HomeTown Residential Mortgage LLC. HomeTown Bank owns a 49% interest in HomeTown Residential Mortgage LLC which originates and sells mortgages secured by personal residences. Due to the marketing support and direction provided by HomeTown Bank to HomeTown Residential Mortgage LLC, along with guarantees of warehouse lines of credit used in its operation, the Company is deemed to exercise control of this entity. The ownership interest in HomeTown Residential Mortgage LLC not owned by the Company is reported as Non-Controlling Interest in a Consolidated Subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation. Our accounting policies and basic principles have not changed since the summary disclosure of these in our Annual Report on Form 10-K. Please refer to Form 10-K for these policies.

Note 2 - Investment Securities

Note 2 - Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	(Dollars In Thousands) March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 28,507 $ 330 $ (99 ) $ 28,738 Mortgage-backed securities 8,353 65 (45 ) 8,373 Municipal securities 17,017 661 (32 ) 17,646 $ 53,877 $ 1,056 $ (176 ) $ 54,757 (Dollars In Thousands) December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 26,385 $ 242 $ (191 ) $ 26,436 Mortgage-backed securities 8,803 60 (90 ) 8,773 Municipal securities 16,756 594 (15 ) 17,335 $ 51,944 $ 896 $ (296 ) $ 52,544
Schedule of Unrealized Loss on Investments [Table Text Block]	March 31, 2016 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U. S. Government agency securities $ 6,850 $ (50 ) $ 3,284 $ (49 ) $ 10,134 $ (99 ) Mortgage-backed securities 1,562 (5 ) 2,504 (40 ) 4,066 (45 ) Municipal securities 1,743 (26 ) 539 (6 ) 2,282 (32 ) $ 10,155 $ (81 ) $ 6,327 $ (95 ) $ 16,482 $ (176 ) December 31, 2015 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agency securities $ 8,878 $ (106 ) $ 5,275 $ (85 ) $ 14,153 $ (191 ) Mortgage-backed securities 3,447 (32 ) 2,718 (58 ) 6,165 (90 ) Municipal securities 805 (10 ) 526 (5 ) 1,331 (15 ) $ 13,130 $ (148 ) $ 8,519 $ (148 ) $ 21,649 $ (296 )
Investments Classified by Contractual Maturity Date [Table Text Block]	(Dollars In Thousands) Amortized Cost Fair Value One year or less $ 2 $ 2 Over one through five years 1,963 1,993 Over five through ten years 10,708 10,771 Greater than 10 years 41,204 41,991 $ 53,877 $ 54,757

Note 3 - Loans Receivable (Tabl

Note 3 - Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Dollars In Thousands) March 31, 2016 December 31, 2015 Construction loans: Residential $ 10,983 $ 11,779 Land acquisition, development & commercial 30,167 27,440 Real estate: Residential 105,055 100,268 Commercial 147,561 140,952 Commercial, industrial & agricultural 52,913 53,012 Equity lines 26,954 26,376 Consumer 7,430 7,531 Total 381,063 367,358 Less allowance for loan losses (3,347 ) (3,298 ) Loans, net $ 377,716 $ 364,060
Past Due Financing Receivables [Table Text Block]	(Dollars In Thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Nonaccrual Loans Construction loans: Residential $ − $ − $ − $ − $ 10,983 $ 10,983 $ − Land acquisition, development & commercial − − 10 10 30,157 30,167 10 Real estate: Residential 495 815 − 1,310 103,745 105,055 − Commercial − − − − 147,561 147,561 360 Commercial, industrial & agricultural 167 − 34 201 52,712 52,913 45 Equity lines − 98 305 403 26,551 26,954 − Consumer 2 − − 2 7,428 7,430 − Total $ 664 $ 913 $ 349 $ 1,926 $ 379,137 $ 381,063 $ 415 (Dollars In Thousands) 30-59 Days Past-Due 60-89 Days Past-Due 90 Days or More Past- Due Total Past- Due Current Total Loans Nonaccrual Loans Construction: Residential $ − $ − $ − $ − $ 11,779 $ 11,779 $ − Land acquisition, development & commercial − − 11 11 27,429 27,440 11 Real Estate: Residential 297 − 50 347 99,921 100,268 − Commercial 44 − 792 836 140,116 140,952 368 Commercial, industrial & agricultural 52 84 35 171 52,841 53,012 47 Equity lines 105 − − 105 26,271 26,376 − Consumer − − − − 7,531 7,531 − Total $ 498 $ 84 $ 888 $ 1,470 $ 365,888 $ 367,358 $ 426
Impaired Financing Receivables [Table Text Block]	March 31, 2016 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real estate: Residential 195 195 − 213 5 Commercial 7,476 7,652 − 7,481 74 Commercial, industrial & agricultural 12 12 − 12 − Equity lines − − − − − Consumer − − − − − Total loans with no allowance $ 7,683 $ 7,859 $ − $ 7,706 $ 79 March 31, 2016 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real estate: Residential − − − − − Commercial 124 124 17 127 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ 124 $ 124 $ 17 $ 127 $ − December 31, 2015 Unpaid Average Interest With no related allowance: Investment Principal Related Balance Income (Dollars In Thousands) in Loans Balance Allowance Total Loans Recognized Construction: Residential $ − $ − $ – $ − $ − Land acquisition, development & commercial − − – − − Real Estate: Residential 247 247 – 255 13 Commercial 7,451 7,627 – 7,623 291 Commercial, industrial & agricultural 12 12 – 12 − Equity lines − − – − − Consumer − − – − − Total loans with no allowance $ 7,710 $ 7,886 $ – $ 7,890 $ 304 December 31, 2015 Recorded Unpaid Average Interest With an allowance recorded: Investment Principal Related Balance Income (Dollars In Thousands) in Loans Balance Allowance Total Loans Recognized Construction: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real Estate: Residential − − − − − Commercial 127 127 17 135 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ 127 $ 127 $ 17 $ 135 $ −
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Loans modified as TDR's For the three months ended March 31, 2015 Class of Loan Number of Contracts Pre-Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (Dollars in Thousands) Construction loans: Residential — $ — $ — Land acquisition, development & commercial — — — Real estate loans: Residential — — — Commercial 1 260 255 Commercial, industrial, agricultural — — 12 Equity lines — — — Consumer — — — Total Loans 1 $ 260 $ 267

Note 4 - Allowance for Loan L20

Note 4 - Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	March 31, 2016 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending Balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 83 $ − $ − $ (6 ) $ 77 $ − $ 77 $ 10,983 $ − $ 10,983 Land acquisition, development & commercial 187 − − 33 220 − 220 30,167 − 30,167 Real estate: Residential 1,047 − − (7 ) 1,040 − 1,040 105,055 195 104,860 Commercial 1,001 − − 95 1,096 17 1,079 147,561 7,600 139,961 Commercial, industrial & agricultural 531 − − (102 ) 429 − 429 52,913 12 52,901 Equity lines 277 − − 19 296 − 296 26,954 − 26,954 Consumer 85 (15 ) 4 23 97 − 97 7,430 − 7,430 Unallocated 87 − − 5 92 − 92 − − − Total $ 3,298 $ (15 ) $ 4 $ 60 $ 3,347 $ 17 $ 3,330 $ 381,063 $ 7,807 $ 373,256 December 31, 2015 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 43 $ − $ − $ 40 $ 83 $ − $ 83 $ 11,779 $ − $ 11,779 Land acquisition, development & commercial 453 − − (266 ) 187 − 187 27,440 − 27,440 Real estate: Residential 833 − 1 213 1,047 − 1,047 100,268 247 100,021 Commercial 1,012 − − (11 ) 1,001 17 984 140,952 7,578 133,374 Commercial, industrial & agricultural 319 − 10 202 531 − 531 53,012 12 53,000 Equity lines 423 − 1 (147 ) 277 − 277 26,376 − 26,376 Consumer 65 (80 ) 34 66 85 − 85 7,531 − 7,531 Unallocated 184 − − (97 ) 87 − 87 − − − Total $ 3,332 $ (80 ) $ 46 $ − $ 3,298 $ 17 $ 3,281 $ 367,358 $ 7,837 $ 359,521
Financing Receivable Credit Quality Indicators [Table Text Block]	(Dollars In Thousands) Pass Special Mention Substandard Accruing Substandard Nonaccrual Total Construction loans: Residential $ 10,983 $ − $ − $ − $ 10,983 Land acquisition, development & commercial 30,157 − − 10 30,167 Real estate loans: Residential 104,859 − 196 − 105,055 Commercial 145,762 − 1,439 360 147,561 Commercial, industrial, agricultural 52,181 687 − 45 52,913 Equity lines 26,954 − − − 26,954 Consumer 7,424 − 6 − 7,430 Total Loans $ 378,320 $ 687 $ 1,641 $ 415 $ 381,063 (Dollars In Thousands) Pass Special Mention Substandard Accruing Substandard Nonaccrual Total Construction loans: Residential $ 11,779 $ − $ − $ − $ 11,779 Land acquisition, development & commercial 27,429 − − 11 27,440 Real estate loans: Residential 95,809 4,212 247 − 100,268 Commercial 138,034 1,155 1,395 368 140,952 Commercial, industrial, agricultural 51,801 1,164 − 47 53,012 Equity lines 26,376 − − − 26,376 Consumer 7,523 − 8 − 7,531 Total Loans $ 358,751 $ 6,531 $ 1,650 $ 426 $ 367,358

Note 5 - Foreclosed Properties

Note 5 - Foreclosed Properties (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Forclosed Properties [Table Text Block]	(Dollars In Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 5,657 $ (420 ) $ 5,237 Additions 473 — 473 Writedowns — — — Sales (24 ) — (24 ) Balance at the end of the period $ 6,106 $ (420 ) $ 5,686 (Dollars In Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 7,408 $ (422 ) $ 6,986 Additions — — — Writedowns — — — Sales (69 ) — (69 ) Balance at the end of the period $ 7,339 $ (422 ) $ 6,917
Schedule of Real Estate Properties [Table Text Block]	(Dollars In Thousands) March 31, 2016 December 31, 2015 Residential lots $ 2,496 $ 2,520 Residential development 423 423 Commercial lots 90 90 Commercial buildings 2,677 2,204 Total Other Real Estate Owned $ 5,686 $ 5,237 (Dollars In Thousands) Three months Ended March 31, 2016 Three months Ended March 31, 2015 Net gain on sales $ — $ — Provision for unrealized losses — — Operating expenses 22 30 Total Other Real Estate Owned $ 22 $ 30

Note 6 - Stock Based Compensa22

Note 6 - Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value (1) Weighted Average Contractual Term (years) Balance at December 31, 2015 546,460 $ 8.62 Granted – – Exercised – – Forfeited – – Balance at March 31, 2016 546,460 $ 8.62 $ 461,028 2.81 Exercisable at March 31, 2016 437,793 $ 9.04 $ 200,228 1.34
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	For the three months ended March 31, 2016 For the three months ended March 31, 2015 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Nonvested at beginning of year 37,848 $ 6.24 37,727 $ 5.56 Granted 10,723 9.45 8,670 7.70 Vested (10,938 ) 5.65 (10,848 ) 5.56 Cancelled – – – – Nonvested at the end of the period 37,633 $ 7.33 35,549 $ 6.08

Note 7 - Fair Value Measureme23

Note 7 - Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	(Dollars In Thousands) Carrying value at March 31, 2016 Description Balance as of March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 28,738 $ – $ 28,738 $ – Mortgaged-backed securities 8,373 – 8,373 – Municipal securities 17,646 – 17,646 – (Dollars In Thousands) Carrying value at December 31, 2015 Description Balance as of December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 26,436 $ – $ 26,436 $ – Mortgaged-backed securities 8,773 – 8,773 – Municipal securities 17,335 – 17,335 –
Fair Value Measurements, Nonrecurring [Table Text Block]	(Dollars In Thousands) Carrying value at March 31, 2016 Description Balance as of March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans, net of valuation allowance $ 107 $ – $ – $ 107 Loans held for sale 289 – 289 – Other real estate owned 5,686 – 1,773 3,913 (Dollars In Thousands) Carrying value at December 31, 2015 Description Balance as of December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Impaired loans, net of valuation allowance $ 110 $ – $ – $ 110 Loans held for sale 1,643 – 1,643 – Other real estate owned 5,237 – 1,300 3,937
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	(Dollars In Thousands) Quantitative information about Level 3 Fair Value Measurements for March 31, 2016 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Impaired loans $ 107 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 95% - 95% (95%) Other real estate owned $ 1,735 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 4% - 9% (8%) $ 2,178 Internal evaluations Internal evaluations 4% - 39% (22%) (Dollars In Thousands) Quantitative information about Level 3 Fair Value Measurements for December 31, 2015 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Impaired loans $ 110 Discounted appraised value Selling cost 0% - 0% (0%) Discount for lack of marketability and age of appraisal 95% - 95% (95%) Other real estate owned $ 1,735 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 4% - 9% (8%) $ 2,202 Internal evaluations Internal evaluations 4% - 39% (21%)
Fair Value, by Balance Sheet Grouping [Table Text Block]	(Dollars In Thousands) Fair value at March 31, 2016 Description Carrying value as of March 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 27,890 $ 26,140 $ 1,761 $ – $ 27,901 Federal funds sold 1,082 1,082 – – 1,082 Securities available-for-sale 54,757 – 54,757 – 54,757 Restricted equity securities 2,765 – 2,765 – 2,765 Loans held for sale 289 – 289 – 289 Loans, net 377,716 – – 380,568 380,568 Bank owned life insurance 6,328 – 6,328 – 6,328 Accrued income 2,010 – 2,010 – 2,010 Financial liabilities Total deposits 413,618 – 414,104 – 414,104 FHLB borrowings 22,000 – 22,165 – 22,165 Subordinated notes 7,202 – 7,055 – 7,055 Other borrowings 1,072 – 1,072 – 1,072 Accrued interest payable 569 – 569 – 569 (Dollars In Thousands) Fair value at December 31, 2015 Description Carrying value as of December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 28,745 $ 26,995 $ 1,767 $ – $ 28,762 Federal funds sold 1,329 1,329 – – 1,329 Securities available for sale 52,544 – 52,544 – 52,544 Restricted equity securities 2,535 – 2,535 – 2,535 Loans held for sale 1,643 – 1,643 – 1,643 Loans, net 364,060 – – 362,440 362,440 Bank owned life insurance 6,285 – 6,285 – 6,285 Accrued income 2,057 – 2,057 – 2,057 Financial liabilities Total deposits 399,546 – 400,117 – 400,117 FHLB borrowings 22,000 – 22,191 – 22,191 Subordinated notes 7,194 – 7,354 – 7,354 Other borrowings 2,361 – 2,361 – 2,361 Accrued interest payable 372 – 372 – 372

Note 8 - Reclassifications Ou24

Note 8 - Reclassifications Out of Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Amounts Reclassified from Details about Other Comprehensive Other Comprehensive Income Affected Line Item in the Statement Components for the Three Months Ended March 31, Where Net Income is Presented (Dollars In Thousands) 2015 201 5 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 5 $ 40 Gains on sales of investment securities Tax expense related to realized gains on securities sold 2 14 Income tax expense $ 3 $ 26 Net income

Note 9 - Earnings Per Common 25

Note 9 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended March 31, 2016 2015 Dollars In Thousands, except share and per share data Weighted Average Common Share s Outstanding Net Income Available to Common Shareholders Per Share Amount Weighted Average Common Share s Outstanding Net Income Available to Common Shareholders Per Share Amount Earnings per common share, basic 3,366,778 $ 597 $ 0.18 3,291,517 $ 566 $ 0.17 Series C Preferred Stock Dividends 204 210 Effect of dilutive securities: Convertible preferred stock 2,176,000 − (0.04 ) 2,240,000 − (0.03 ) Dilutive stock options 22,851 − − − − − Earnings per common share, diluted 5,565,629 $ 801 $ 0.14 5,531,517 $ 776 $ 0.14

Note 1 - Organization and Sum26

Note 1 - Organization and Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2016
HomeTown Residential Mortgage, LLC [Member] | Corporate Joint Venture [Member]
Note 1 - Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	49.00%

Note 2 - Investment Securitie27

Note 2 - Investment Securities (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015
Note 2 - Investment Securities (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	36		0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 16,500,000
Available-for-sale Securities, Gross Realized Gains	5,000	$ 55,000
Available-for-sale Securities, Gross Realized Losses	$ 0	$ 15,000
US Government Agencies Debt Securities [Member]
Note 2 - Investment Securities (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	17
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 2 - Investment Securities (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	11
US States and Political Subdivisions Debt Securities [Member]
Note 2 - Investment Securities (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	8

Note 2 - Investment Securitie28

Note 2 - Investment Securities (Details) - Available-for-sale Securities - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Note 2 - Investment Securities (Details) - Available-for-sale Securities [Line Items]
Securities available-for-sale, amortized cost	$ 53,877	$ 51,944
Securities available-for-sale, gross unrealized gains	1,056	896
Securities available-for-sale, gross unrealized losses	(176)	(296)
Securities available-for-sale	54,757	52,544
US Government Agencies Debt Securities [Member]
Note 2 - Investment Securities (Details) - Available-for-sale Securities [Line Items]
Securities available-for-sale, amortized cost	28,507	26,385
Securities available-for-sale, gross unrealized gains	330	242
Securities available-for-sale, gross unrealized losses	(99)	(191)
Securities available-for-sale	28,738	26,436
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 2 - Investment Securities (Details) - Available-for-sale Securities [Line Items]
Securities available-for-sale, amortized cost	8,353	8,803
Securities available-for-sale, gross unrealized gains	65	60
Securities available-for-sale, gross unrealized losses	(45)	(90)
Securities available-for-sale	8,373	8,773
US States and Political Subdivisions Debt Securities [Member]
Note 2 - Investment Securities (Details) - Available-for-sale Securities [Line Items]
Securities available-for-sale, amortized cost	17,017	16,756
Securities available-for-sale, gross unrealized gains	661	594
Securities available-for-sale, gross unrealized losses	(32)	(15)
Securities available-for-sale	$ 17,646	$ 17,335

Note 2 - Investment Securitie29

Note 2 - Investment Securities (Details) - Unrealized Loss Positions of Available-for-sale Securities - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Note 2 - Investment Securities (Details) - Unrealized Loss Positions of Available-for-sale Securities [Line Items]
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, fair value	$ 10,155	$ 13,130
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, unrealized loss	(81)	(148)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, fair value	6,327	8,519
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, unrealized loss	(95)	(148)
Securities available-for-sale in a continuous unrealized loss position, fair value	16,482	21,649
Securities available-for-sale in a continuous unrealized loss position, unrealized loss	(176)	(296)
US Government Agencies Debt Securities [Member]
Note 2 - Investment Securities (Details) - Unrealized Loss Positions of Available-for-sale Securities [Line Items]
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, fair value	6,850	8,878
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, unrealized loss	(50)	(106)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, fair value	3,284	5,275
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, unrealized loss	(49)	(85)
Securities available-for-sale in a continuous unrealized loss position, fair value	10,134	14,153
Securities available-for-sale in a continuous unrealized loss position, unrealized loss	(99)	(191)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 2 - Investment Securities (Details) - Unrealized Loss Positions of Available-for-sale Securities [Line Items]
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, fair value	1,562	3,447
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, unrealized loss	(5)	(32)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, fair value	2,504	2,718
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, unrealized loss	(40)	(58)
Securities available-for-sale in a continuous unrealized loss position, fair value	4,066	6,165
Securities available-for-sale in a continuous unrealized loss position, unrealized loss	(45)	(90)
US States and Political Subdivisions Debt Securities [Member]
Note 2 - Investment Securities (Details) - Unrealized Loss Positions of Available-for-sale Securities [Line Items]
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, fair value	1,743	805
Securities available-for-sale in a continuous unrealized loss position, less than 12 months, unrealized loss	(26)	(10)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, fair value	539	526
Securities available-for-sale in a continuous unrealized loss position, 12 months or more, unrealized loss	(6)	(5)
Securities available-for-sale in a continuous unrealized loss position, fair value	2,282	1,331
Securities available-for-sale in a continuous unrealized loss position, unrealized loss	$ (32)	$ (15)

Note 2 - Investment Securitie30

Note 2 - Investment Securities (Details) - Available-for-sale Securities by Contractual Maturity - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Available-for-sale Securities by Contractual Maturity [Abstract]
One year or less	$ 2
One year or less	2
Over one through five years	1,963
Over one through five years	1,993
Over five through ten years	10,708
Over five through ten years	10,771
Greater than 10 years	41,204
Greater than 10 years	41,991
	53,877	$ 51,944
	$ 54,757	$ 52,544

Note 3 - Loans Receivable (Deta

Note 3 - Loans Receivable (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015	Dec. 31, 2015USD ($)
Note 3 - Loans Receivable (Details) [Line Items]
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 305		$ 842
Financing Receivable, Modifications, Number of Contracts		1
Performing Financial Instruments [Member]
Note 3 - Loans Receivable (Details) [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 6,400
Financing Receivable, Modifications, Number of Contracts	4
Nonperforming Financial Instruments [Member]
Note 3 - Loans Receivable (Details) [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 247
Financing Receivable, Modifications, Number of Contracts	2	2
Troubled Debt Restructuring [Member]
Note 3 - Loans Receivable (Details) [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 6,600		$ 6,700
Financing Receivable, Modifications, Number of Contracts	6

Note 3 - Loans Receivable (De32

Note 3 - Loans Receivable (Details) - Classifications of Loans Receivable - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Construction loans:
Loans	$ 381,063	$ 367,358
Less allowance for loan losses	(3,347)	(3,298)	$ (3,332)
Loans, net	377,716	364,060
Construction Loan Portfolio Segment [Member] | Residential [Member]
Construction loans:
Loans	10,983	11,779
Less allowance for loan losses	(77)	(83)	(43)
Construction Loan Portfolio Segment [Member] | Land Acquisition, Development and Commercial [Member]
Construction loans:
Loans	30,167	27,440
Less allowance for loan losses	(220)	(187)	(453)
Real Estate Portfolio Segment [Member] | Residential [Member]
Construction loans:
Loans	105,055	100,268
Less allowance for loan losses	(1,040)	(1,047)	(833)
Real Estate Portfolio Segment [Member] | Commercial [Member}
Construction loans:
Loans	147,561	140,952
Less allowance for loan losses	(1,096)	(1,001)	(1,012)
Commercial, Industrial and Agricultural Portfolio Segment [Member]
Construction loans:
Loans	52,913	53,012
Less allowance for loan losses	(429)	(531)	(319)
Equity Lines Portfolio Segment [Member]
Construction loans:
Loans	26,954	26,376
Less allowance for loan losses	(296)	(277)	(423)
Consumer Portfolio Segment [Member]
Construction loans:
Loans	7,430	7,531
Less allowance for loan losses	$ (97)	$ (85)	$ (65)

Note 3 - Loans Receivable (De33

Note 3 - Loans Receivable (Details) - Past Due and Non-accrual Status of Loans - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Construction loans:
Loans, past due	$ 1,926	$ 1,470
Loans, current	379,137	365,888
Loans	381,063	367,358
Loans, nonaccrual	415	426
Financing Receivables, 30 to 59 Days Past Due [Member]
Construction loans:
Loans, past due	664	498
Financing Receivables, 60 to 89 Days Past Due [Member]
Construction loans:
Loans, past due	913	84
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Construction loans:
Loans, past due	349	888
Construction Loan Portfolio Segment [Member] | Residential [Member]
Construction loans:
Loans, current	10,983	11,779
Loans	10,983	11,779
Construction Loan Portfolio Segment [Member] | Land Acquisition, Development and Commercial [Member]
Construction loans:
Loans, past due	10	11
Loans, current	30,157	27,429
Loans	30,167	27,440
Loans, nonaccrual	10	11
Construction Loan Portfolio Segment [Member] | Land Acquisition, Development and Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Construction loans:
Loans, past due	10	11
Real Estate Portfolio Segment [Member] | Residential [Member]
Construction loans:
Loans, past due	1,310	347
Loans, current	103,745	99,921
Loans	105,055	100,268
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Construction loans:
Loans, past due	495	297
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Construction loans:
Loans, past due	815
Real Estate Portfolio Segment [Member] | Residential [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Construction loans:
Loans, past due		50
Real Estate Portfolio Segment [Member] | Commercial [Member}
Construction loans:
Loans, past due		836
Loans, current	147,561	140,116
Loans	147,561	140,952
Loans, nonaccrual	360	368
Real Estate Portfolio Segment [Member] | Commercial [Member} | Financing Receivables, 30 to 59 Days Past Due [Member]
Construction loans:
Loans, past due		44
Real Estate Portfolio Segment [Member] | Commercial [Member} | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Construction loans:
Loans, past due		792
Commercial, Industrial and Agricultural Portfolio Segment [Member]
Construction loans:
Loans, past due	201	171
Loans, current	52,712	52,841
Loans	52,913	53,012
Loans, nonaccrual	45	47
Commercial, Industrial and Agricultural Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Construction loans:
Loans, past due	167	52
Commercial, Industrial and Agricultural Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Construction loans:
Loans, past due		84
Commercial, Industrial and Agricultural Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Construction loans:
Loans, past due	34	35
Equity Lines Portfolio Segment [Member]
Construction loans:
Loans, past due	403	105
Loans, current	26,551	26,271
Loans	26,954	26,376
Equity Lines Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Construction loans:
Loans, past due		105
Equity Lines Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Construction loans:
Loans, past due	98
Equity Lines Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Construction loans:
Loans, past due	305
Consumer Portfolio Segment [Member]
Construction loans:
Loans, past due	2
Loans, current	7,428	7,531
Loans	7,430	$ 7,531
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Construction loans:
Loans, past due	$ 2

Note 3 - Loans Receivable (De34

Note 3 - Loans Receivable (Details) - Impaired Loans - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Construction loans:
Loans with an related allowance, recorded investment	$ 7,683,000	$ 7,710,000
Loans with an related allowance, unpaid principal balance	7,859,000	7,886,000
Loans with an related allowance, average balance total loans	7,706,000	7,890,000
Loans with an related allowance, interest income recognized	79	304
Construction loans:
Loans with no related allowance, recorded investment	124,000	127,000
Loans with no related allowance, unpaid principal balance	124,000	127,000
Related Allowance	17	17
Loans with no related allowance, average balance total loans	127,000	135,000
Real Estate Portfolio Segment [Member] | Residential [Member]
Construction loans:
Loans with an related allowance, recorded investment	195,000	247,000
Loans with an related allowance, unpaid principal balance	195,000	247,000
Loans with an related allowance, average balance total loans	213,000	255,000
Loans with an related allowance, interest income recognized	5	13
Real Estate Portfolio Segment [Member] | Commercial [Member}
Construction loans:
Loans with an related allowance, recorded investment	7,476,000	7,451,000
Loans with an related allowance, unpaid principal balance	7,652,000	7,627,000
Loans with an related allowance, average balance total loans	7,481,000	7,623,000
Loans with an related allowance, interest income recognized	74	291
Construction loans:
Loans with no related allowance, recorded investment	124,000	127,000
Loans with no related allowance, unpaid principal balance	124,000	127,000
Related Allowance	17	17
Loans with no related allowance, average balance total loans	127,000	135,000
Commercial, Industrial and Agricultural Portfolio Segment [Member]
Construction loans:
Loans with an related allowance, recorded investment	12,000	12,000
Loans with an related allowance, unpaid principal balance	12,000	12,000
Loans with an related allowance, average balance total loans	$ 12,000	$ 12,000

Note 3 - Loans Receivable (De35

Note 3 - Loans Receivable (Details) - Loans Modified in TDR by Class of Loan $ in Thousands	3 Months Ended
	Mar. 31, 2015USD ($)
Construction loans:
Number of contracts	1
Pre-modification outstanding recorded investment	$ 260
Post-modification outstanding recorded investment	$ 267
Real Estate Portfolio Segment [Member] | Commercial [Member}
Construction loans:
Number of contracts	1
Pre-modification outstanding recorded investment	$ 260
Post-modification outstanding recorded investment	255
Commercial, Industrial and Agricultural Portfolio Segment [Member]
Construction loans:
Post-modification outstanding recorded investment	$ 12

Note 4 - Allowance for Loan L36

Note 4 - Allowance for Loan Losses (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 4 - Allowance for Loan Losses (Details) [Line Items]
Loans and Leases Receivable, Gross	$ 381,063,000	$ 367,358,000
Doubtful [Member]
Note 4 - Allowance for Loan Losses (Details) [Line Items]
Loans and Leases Receivable, Gross	0	0
Unlikely to be Collected Financing Receivable [Member]
Note 4 - Allowance for Loan Losses (Details) [Line Items]
Loans and Leases Receivable, Gross	$ 0	$ 0

Note 4 - Allowance for Loan L37

Note 4 - Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Construction loans:
Allowance for loan losses, beginning balance	$ 3,298	$ 3,332
Allowance for loan losses, charge-offs	(15)	(80)
Allowance for loan losses, recoveries	4	46
Allowance for loan losses, provisions	60
Allowance for loan losses, ending balance	3,347	3,298
Allowance for loan losses, ending balance: individually evaluated for impairment	17	17
Allowance for loan losses, ending balance: collectively evaluated for impairment	3,330	3,281
Loans	381,063	367,358
Loans,ending balance: individually evaluated for impairment	7,807	7,837
Loans, ending balance: collectively evaluated for impairment	373,256	359,521
Construction Loan Portfolio Segment [Member] | Residential [Member]
Construction loans:
Allowance for loan losses, beginning balance	83	43
Allowance for loan losses, provisions	(6)	40
Allowance for loan losses, ending balance	77	83
Allowance for loan losses, ending balance: collectively evaluated for impairment	77	83
Loans	10,983	11,779
Loans, ending balance: collectively evaluated for impairment	10,983	11,779
Construction Loan Portfolio Segment [Member] | Land Acquisition, Development and Commercial [Member]
Construction loans:
Allowance for loan losses, beginning balance	187	453
Allowance for loan losses, provisions	33	(266)
Allowance for loan losses, ending balance	220	187
Allowance for loan losses, ending balance: collectively evaluated for impairment	220	187
Loans	30,167	27,440
Loans, ending balance: collectively evaluated for impairment	30,167	27,440
Real Estate Portfolio Segment [Member] | Residential [Member]
Construction loans:
Allowance for loan losses, beginning balance	1,047	833
Allowance for loan losses, recoveries		1
Allowance for loan losses, provisions	(7)	213
Allowance for loan losses, ending balance	1,040	1,047
Allowance for loan losses, ending balance: collectively evaluated for impairment	1,040	1,047
Loans	105,055	100,268
Loans,ending balance: individually evaluated for impairment	195	247
Loans, ending balance: collectively evaluated for impairment	104,860	100,021
Real Estate Portfolio Segment [Member] | Commercial [Member}
Construction loans:
Allowance for loan losses, beginning balance	1,001	1,012
Allowance for loan losses, provisions	95	(11)
Allowance for loan losses, ending balance	1,096	1,001
Allowance for loan losses, ending balance: individually evaluated for impairment	17	17
Allowance for loan losses, ending balance: collectively evaluated for impairment	1,079	984
Loans	147,561	140,952
Loans,ending balance: individually evaluated for impairment	7,600	7,578
Loans, ending balance: collectively evaluated for impairment	139,961	133,374
Commercial, Industrial and Agricultural Portfolio Segment [Member]
Construction loans:
Allowance for loan losses, beginning balance	531	319
Allowance for loan losses, recoveries		10
Allowance for loan losses, provisions	(102)	202
Allowance for loan losses, ending balance	429	531
Allowance for loan losses, ending balance: collectively evaluated for impairment	429	531
Loans	52,913	53,012
Loans,ending balance: individually evaluated for impairment	12	12
Loans, ending balance: collectively evaluated for impairment	52,901	53,000
Equity Lines Portfolio Segment [Member]
Construction loans:
Allowance for loan losses, beginning balance	277	423
Allowance for loan losses, recoveries		1
Allowance for loan losses, provisions	19	(147)
Allowance for loan losses, ending balance	296	277
Allowance for loan losses, ending balance: collectively evaluated for impairment	296	277
Loans	26,954	26,376
Loans, ending balance: collectively evaluated for impairment	26,954	26,376
Consumer Portfolio Segment [Member]
Construction loans:
Allowance for loan losses, beginning balance	85	65
Allowance for loan losses, charge-offs	(15)	(80)
Allowance for loan losses, recoveries	4	34
Allowance for loan losses, provisions	23	66
Allowance for loan losses, ending balance	97	85
Allowance for loan losses, ending balance: collectively evaluated for impairment	97	85
Loans	7,430	7,531
Loans, ending balance: collectively evaluated for impairment	7,430	7,531
Unallocated Financing Receivables [Member]
Construction loans:
Allowance for loan losses, beginning balance	87	184
Allowance for loan losses, provisions	5	(97)
Allowance for loan losses, ending balance	92	87
Allowance for loan losses, ending balance: collectively evaluated for impairment	$ 92	$ 87

Note 4 - Allowance for Loan L38

Note 4 - Allowance for Loan Losses (Details) - Loans by Credit Quality Indicators - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Construction loans:
Loans	$ 381,063	$ 367,358
Pass [Member]
Construction loans:
Loans	378,320	358,751
Special Mention [Member]
Construction loans:
Loans	687	6,531
Substandard [Member]
Construction loans:
Loans	1,641	1,650
Substandard Nonaccrual [Member]
Construction loans:
Loans	415	426
Construction Loan Portfolio Segment [Member] | Residential [Member]
Construction loans:
Loans	10,983	11,779
Construction Loan Portfolio Segment [Member] | Residential [Member] | Pass [Member]
Construction loans:
Loans	10,983	11,779
Construction Loan Portfolio Segment [Member] | Land Acquisition, Development and Commercial [Member]
Construction loans:
Loans	30,167	27,440
Construction Loan Portfolio Segment [Member] | Land Acquisition, Development and Commercial [Member] | Pass [Member]
Construction loans:
Loans	30,157	27,429
Construction Loan Portfolio Segment [Member] | Land Acquisition, Development and Commercial [Member] | Substandard Nonaccrual [Member]
Construction loans:
Loans	10	11
Real Estate Portfolio Segment [Member] | Residential [Member]
Construction loans:
Loans	105,055	100,268
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member]
Construction loans:
Loans	104,859	95,809
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member]
Construction loans:
Loans		4,212
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member]
Construction loans:
Loans	196	247
Real Estate Portfolio Segment [Member] | Commercial [Member}
Construction loans:
Loans	147,561	140,952
Real Estate Portfolio Segment [Member] | Commercial [Member} | Pass [Member]
Construction loans:
Loans	145,762	138,034
Real Estate Portfolio Segment [Member] | Commercial [Member} | Special Mention [Member]
Construction loans:
Loans		1,155
Real Estate Portfolio Segment [Member] | Commercial [Member} | Substandard [Member]
Construction loans:
Loans	1,439	1,395
Real Estate Portfolio Segment [Member] | Commercial [Member} | Substandard Nonaccrual [Member]
Construction loans:
Loans	360	368
Commercial, Industrial and Agricultural Portfolio Segment [Member]
Construction loans:
Loans	52,913	53,012
Commercial, Industrial and Agricultural Portfolio Segment [Member] | Pass [Member]
Construction loans:
Loans	52,181	51,801
Commercial, Industrial and Agricultural Portfolio Segment [Member] | Special Mention [Member]
Construction loans:
Loans	687	1,164
Commercial, Industrial and Agricultural Portfolio Segment [Member] | Substandard Nonaccrual [Member]
Construction loans:
Loans	45	47
Equity Lines Portfolio Segment [Member]
Construction loans:
Loans	26,954	26,376
Equity Lines Portfolio Segment [Member] | Pass [Member]
Construction loans:
Loans	26,954	26,376
Consumer Portfolio Segment [Member]
Construction loans:
Loans	7,430	7,531
Consumer Portfolio Segment [Member] | Pass [Member]
Construction loans:
Loans	7,424	7,523
Consumer Portfolio Segment [Member] | Substandard [Member]
Construction loans:
Loans	$ 6	$ 8

Note 5 - Foreclosed Propertie39

Note 5 - Foreclosed Properties (Details) - Foreclosed Properties Valuation Allowance - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Foreclosed Properties Valuation Allowance [Abstract]
Other real estate owned, beginning balance	$ 5,657	$ 7,408
Other real estate owned, valuation allowance, beginning balance	(420)	(422)
Other real estate owned, net, beginning balance	5,237	6,986
Other real estate owned, ending balance	6,106	7,339
Other real estate owned, valuation allowance, ending balance	(420)	(422)
Other real estate owned, net, ending balance	5,686	6,917
Other real estate owned, additions	473
Other real estate owned, additions, net	473
Other real estate owned, sales	(24)	(69)
Other real estate owned, sales, net	$ (24)	$ (69)

Note 5 - Foreclosed Propertie40

Note 5 - Foreclosed Properties (Details) - Classification of Other Real Estate Owned and Expenses - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Other Real Estate Owned	$ 5,686	$ 6,917	$ 5,237	$ 6,986
Provision for unrealized losses		0
Operating expenses	22	30
Total Other Real Estate Owned	22	$ 30
Residential Lots [Member]
Real Estate Properties [Line Items]
Other Real Estate Owned	2,496		2,520
Residential Development [Member]
Real Estate Properties [Line Items]
Other Real Estate Owned	423		423
Commercial Lots [Member]
Real Estate Properties [Line Items]
Other Real Estate Owned	90		90
Commercial Buildings [Member]
Real Estate Properties [Line Items]
Other Real Estate Owned	$ 2,677		$ 2,204

Note 6 - Stock Based Compensa41

Note 6 - Stock Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 18, 2014	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2009
Note 6 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		$ 37	$ 33
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)	165,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)	$ 2.29
Employee Stock Option [Member]
Note 6 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		19	18
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.01%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	7 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	26.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 282
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		3 years 9 months
Restricted Stock [Member]
Note 6 - Stock Based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		$ 18	$ 15
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		5 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized		$ 165
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)				132,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares)		10,723	8,670
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)		$ 9.45	$ 7.70

Note 6 - Stock Based Compensa42

Note 6 - Stock Based Compensation (Details) - Stock Option Activity - 2005 Stock Option Plan [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Note 6 - Stock Based Compensation (Details) - Stock Option Activity [Line Items]
Balance at December 31, 2015 | shares	546,460
Balance at December 31, 2015 | $ / shares	$ 8.62
Balance at March 31, 2016 | shares	546,460
Balance at March 31, 2016 | $ / shares	$ 8.62
Balance at March 31, 2016	2 years 295 days
Balance at March 31, 2016 | $	$ 461,028	[1]
Exercisable at March 31, 2016 | shares	437,793
Exercisable at March 31, 2016 | $ / shares	$ 9.04
Exercisable at March 31, 2016	1 year 124 days
Exercisable at March 31, 2016 | $	$ 200,228	[1]
[1]	The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on March 31, 2016.

Note 6 - Stock Based Compensa43

Note 6 - Stock Based Compensation (Details) - Restricted Stock Awards Activity - Restricted Stock [Member] - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Note 6 - Stock Based Compensation (Details) - Restricted Stock Awards Activity [Line Items]
Nonvested at beginning of year	37,848	37,727
Nonvested at beginning of year	$ 6.24	$ 5.56
Granted	10,723	8,670
Granted	$ 9.45	$ 7.70
Vested	(10,938)	(10,848)
Vested	$ 5.65	$ 5.56
Nonvested at the end of the period	37,633	35,549
Nonvested at the end of the period	$ 7.33	$ 6.08

Note 7 - Fair Value Measureme44

Note 7 - Fair Value Measurement (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Note 7 - Fair Value Measurement (Details) [Line Items]
Liabilities, Fair Value Disclosure, Nonrecurring	$ 0	$ 0
Minimum [Member]
Note 7 - Fair Value Measurement (Details) [Line Items]
Federal Funds, Maturity	1 day
Maximum [Member]
Note 7 - Fair Value Measurement (Details) [Line Items]
Federal Funds, Maturity	3 days

Note 7 - Fair Value Measureme45

Note 7 - Fair Value Measurement (Details) - Fair Value of Financial Assets and Liabililties Measure on Recurring Basis - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets:
Available-for-sale securities	$ 54,757	$ 52,544
US Government Agencies Debt Securities [Member]
Assets:
Available-for-sale securities	28,738	26,436
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets:
Available-for-sale securities	8,373	8,773
US States and Political Subdivisions Debt Securities [Member]
Assets:
Available-for-sale securities	17,646	17,335
Fair Value, Inputs, Level 2 [Member]
Assets:
Available-for-sale securities	54,757	52,544
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Assets:
Available-for-sale securities	28,738	26,436
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Assets:
Available-for-sale securities	8,373	8,773
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Assets:
Available-for-sale securities	$ 17,646	$ 17,335

Note 7 - Fair Value Measureme46

Note 7 - Fair Value Measurement (Details) - Fair Value of Financial Assets and Liabililties Measure on Non-recurring Basis - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets:
Impaired loans, net of valuation allowance	$ 107	$ 110
Loans held for sale	289	1,643
Other real estate owned	5,686	5,237	$ 6,917	$ 6,986
Fair Value, Inputs, Level 2 [Member]
Assets:
Loans held for sale	289	1,643
Other real estate owned	1,773	1,300
Fair Value, Inputs, Level 3 [Member]
Assets:
Impaired loans, net of valuation allowance	107	110
Other real estate owned	$ 3,913	$ 3,937

Note 7 - Fair Value Measureme47

Note 7 - Fair Value Measurement (Details) - Fair Value Quantitative Information - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Discounted Appraised Value [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans		0.00%
Impaired loans		(0.00%)
Range		95.00%
Weighted average		(95.00%)
Other real estate owned		0.00%
Other real estate owned		(0.00%)
Discounted Appraised Value [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans		6.00%
Impaired loans		(6.00%)
Range		8.00%
Weighted average		(8.00%)
Other real estate owned		6.00%
Other real estate owned		(6.00%)
Internal Evaluations [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
		21.00%
		(21.00%)
Fair Value, Inputs, Level 3 [Member] | Discounted Appraised Value [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans (in Dollars)	$ 107	$ 110
Impaired loans	6.00%	0.00%
Impaired loans	(6.00%)	(0.00%)
Range	95.00%	95.00%
Weighted average	(95.00%)	(95.00%)
Other real estate owned	6.00%	0.00%
Other real estate owned	(6.00%)	(0.00%)
Fair Value, Inputs, Level 3 [Member] | Discounted Appraised Value [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	6.00%	6.00%
Impaired loans	(6.00%)	(6.00%)
Range	8.00%	4.00%
Weighted average	(8.00%)	(4.00%)
(in Dollars)	$ 1,735	$ 1,735
Other real estate owned (in Dollars)	$ 1,735	$ 1,735
Other real estate owned	6.00%	6.00%
Other real estate owned	(6.00%)	(6.00%)
Fair Value, Inputs, Level 3 [Member] | Internal Evaluations [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
(in Dollars)	$ 2,178	$ 2,202
	22.00%	4.00%
	(22.00%)	(4.00%)
Other real estate owned (in Dollars)	$ 2,178	$ 2,202
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Discounted Appraised Value [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	6.00%
Impaired loans	(6.00%)
Range	95.00%
Weighted average	(95.00%)
Other real estate owned	6.00%
Other real estate owned	(6.00%)
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Discounted Appraised Value [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	6.00%
Impaired loans	(6.00%)
Range	4.00%
Weighted average	(4.00%)
Other real estate owned	6.00%
Other real estate owned	(6.00%)
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Internal Evaluations [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
	4.00%
	(4.00%)
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | Discounted Appraised Value [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	6.00%	0.00%
Impaired loans	(6.00%)	(0.00%)
Range	95.00%	95.00%
Weighted average	(95.00%)	(95.00%)
Other real estate owned	6.00%	0.00%
Other real estate owned	(6.00%)	(0.00%)
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | Discounted Appraised Value [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	6.00%	6.00%
Impaired loans	(6.00%)	(6.00%)
Range	9.00%	9.00%
Weighted average	(9.00%)	(9.00%)
Other real estate owned	6.00%	6.00%
Other real estate owned	(6.00%)	(6.00%)
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | Internal Evaluations [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
	39.00%	39.00%
	(39.00%)	(39.00%)

Note 7 - Fair Value Measureme48

Note 7 - Fair Value Measurement (Details) - Fair Value of Financial Instruments - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financial assets
Cash and due from banks	$ 27,890	$ 28,745
Cash and due from banks, fair value	27,901	28,762
Federal funds sold	1,082	1,329
Federal funds sold, fair value	1,082	1,329
Securities available-for-sale	54,757	52,544
Restricted equity securities	2,765	2,535
Restricted equity securities, fair value	2,765	2,535
Loans held for sale	289	1,643
Loans held for sale, fair value	289	1,643
Loans, net	377,716	364,060
Loans, net, fair value	380,568	362,440
Bank owned life insurance	6,328	6,285
Bank owned life insurance, fair value	6,328	6,285
Accrued income	2,010	2,057
Accrued income, fair value	2,010	2,057
Financial liabilities
Total deposits	413,618	399,546
Total deposits, fair value	414,104	400,117
FHLB borrowings	22,000	22,000
FHLB borrowings, fair value	22,165	22,191
Subordinated notes	7,202	7,194
Subordinated notes, fair value	7,055	7,354
Other borrowings	1,072	2,361
Other borrowings, fair value	1,072	2,361
Accrued interest payable	569	372
Accrued interest payable, fair value	569	372
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and due from banks, fair value	26,140	26,995
Federal funds sold	1,082	1,329
Federal funds sold, fair value	1,082	1,329
Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and due from banks, fair value	1,761	1,767
Securities available-for-sale	54,757	52,544
Restricted equity securities	2,765	2,535
Restricted equity securities, fair value	2,765	2,535
Loans held for sale	289	1,643
Loans held for sale, fair value	289	1,643
Bank owned life insurance	6,328	6,285
Bank owned life insurance, fair value	6,328	6,285
Accrued income	2,010	2,057
Accrued income, fair value	2,010	2,057
Financial liabilities
Total deposits, fair value	414,104	400,117
FHLB borrowings, fair value	22,165	22,191
Subordinated notes, fair value	7,055	7,354
Other borrowings	1,072	2,361
Other borrowings, fair value	1,072	2,361
Accrued interest payable, fair value	569	372
Fair Value, Inputs, Level 3 [Member]
Financial assets
Loans, net, fair value	$ 380,568	$ 362,440

Note 8 - Reclassifications Ou49

Note 8 - Reclassifications Out of Other Comprehensive Income (Details) - Items Reclassified to Net Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Available for sale securities
Tax expense related to realized gains on securities sold	$ 353	$ 346
	801	776
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Available for sale securities
Realized gains on sales of securities held for sale during the period consider available for sale	5	40
Tax expense related to realized gains on securities sold	2	14
	$ 3	$ 26

Note 9 - Earnings Per Common 50

Note 9 - Earnings Per Common Share (Details) - Earnings Per Common Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Common Share [Abstract]
Earnings per common share, basic	3,366,778	3,291,517
Earnings per common share, basic (in Dollars)	$ 597	$ 566
Earnings per common share, basic (in Dollars per share)	$ 0.18	$ 0.17
Series C Preferred Stock Dividends (in Dollars)	$ 204	$ 210
Effect of dilutive securities:
Convertible preferred stock	2,176,000	2,240,000
Convertible preferred stock (in Dollars per share)	$ (0.04)	$ (0.03)
Dilutive stock options	22,851
Earnings per common share, diluted	5,565,629	5,531,517
Earnings per common share, diluted (in Dollars)	$ 801	$ 776
Earnings per common share, diluted (in Dollars per share)	$ 0.14	$ 0.14

Note 10 - Subsequent Events (De

Note 10 - Subsequent Events (Details) - Series C Preferred Stock [Member] - $ / shares	Jun. 15, 2016	Apr. 28, 2016
Scenario, Forecast [Member]
Note 10 - Subsequent Events (Details) [Line Items]
Preferred Stock, Dividends, Per Share, Cash Paid	$ 15
Subsequent Event [Member]
Note 10 - Subsequent Events (Details) [Line Items]
Preferred Stock, Dividends, Per Share, Cash Paid		$ 15