HomeTown Bankshares (HMTA) 10-Q 14 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 10, 2016
Document Information [Line Items]
Entity Registrant Name	HomeTown Bankshares Corp
Entity Central Index Key	1,461,640
Trading Symbol	hmta
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		5,763,944
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	[1]
Series C Preferred Stock [Member]
Stockholders’ equity:
Convertible preferred stock, no par value; Series C authorized 20,000 shares, issued and outstanding none at September 30, 2016 and 13,600 at December 31, 2015		$ 12,893
Cash and due from banks	21,264	28,745
Federal funds sold	1,033	1,329
Securities available for sale, at fair value	54,085	52,544
Restricted equity securities, at cost	2,213	2,535
Loans held for sale	294	1,643
Loans, net of allowance for loan losses of $3,544 in 2016 and $3,298 in 2015	400,371	364,060
Property and equipment, net	13,543	14,008
Other real estate owned, net of valuation allowance of $420 in 2016 and in 2015	4,274	5,237
Bank owned life insurance	7,418	6,285
Accrued income	2,076	2,057
Other assets	1,141	942
Total assets	507,712	479,385
Noninterest-bearing	88,716	77,268
Interest-bearing	351,278	322,278
Total deposits	439,994	399,546
Federal Home Loan Bank borrowings	9,000	22,000
Subordinated notes	7,217	7,194
Other borrowings	1,126	2,361
Accrued interest payable	598	372
Other liabilities	1,495	1,521
Total liabilities	459,430	432,994
Commitments and contingencies
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,763,944 (includes 32,342 restricted shares) at September 30, 2016 and 3,362,536 (includes 37,848 restricted shares) at December 31, 2015	28,781	16,801
Surplus	17,810	15,484
Retained earnings	657	443
Accumulated other comprehensive income	611	396
Total HomeTown Bankshares Corporation stockholders’ equity	47,859	46,017
Non-controlling interest in consolidated subsidiary	423	374
Total stockholders’ equity	48,282	46,391
Total liabilities and stockholders’ equity	$ 507,712	$ 479,385
[1]	Derived from consolidated audited financial statements.

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	[1]
Series C Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized (in shares)	20,000	20,000
Preferred stock, issued (in shares)	0	13,600
Preferred stock, outstanding (in shares)	0	13,600
Loans, allowance for loan losses	$ 3,544	$ 3,298
Other real estate owned, valuation allowance	$ 420	$ 420
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, authorized shares (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	5,763,944	3,362,536
Common stock, restricted shares (in shares)	32,342	37,848
[1]	Derived from consolidated audited financial statements.

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015		Sep. 30, 2016	Sep. 30, 2015
Interest and dividend income:
Loans and fees on loans	$ 4,523	$ 4,173		$ 13,116	$ 12,119
Taxable investment securities	209	170		614	552
Nontaxable investment securities	93	100		295	303
Dividends on restricted stock	31	36		101	104
Other interest income	34	10		79	28
Total interest and dividend income	4,890	4,489		14,205	13,106
Interest expense:
Deposits	588	490		1,629	1,403
Subordinated notes	134			402
Other borrowed funds	54	100		221	294
Total interest expense	776	590		2,252	1,697
Net interest income	4,114	3,899		11,953	11,409
Provision for loan losses	111			979
Net interest income after provision for loan losses	4,003	3,899		10,974	11,409
Noninterest income:
Service charges on deposit accounts	178	128		496	362
ATM and interchange income	176	148		491	416
Mortgage banking	251	161		607	539
Gains on sales of investment securities, net	43	12		257	52
Other income	187	232		468	542
Total noninterest income	835	681		2,319	1,911
Noninterest expense:
Salaries and employee benefits	1,772	1,641		5,095	4,801
Occupancy and equipment expense	439	441		1,317	1,325
Data processing expense	237	215		679	632
Advertising and marketing expense	127	198		345	607
Professional fees	135	80		352	303
Bank franchise taxes	92	66		275	197
FDIC insurance expense	89	80		247	239
Losses on sales and writedowns of other real estate, net		140		91	140
Other real estate owned expense	25	35		72	105
Directors’ fees	98	55		307	166
Other expense	472	386		1,333	1,153
Total noninterest expense	3,486	3,337		10,113	9,668
Net income before income taxes	1,352	1,243		3,180	3,652
Income tax expense	416	381		1,203	1,108
Net income	936	862		1,977	2,544
Less net income attributable to non-controlling interest	33	7		49	50
Net income attributable to HomeTown Bankshares Corporation	903	855		1,928	2,494
Effective dividends on preferred stock		210		408	630
Net income available to common stockholders	$ 903	$ 645		$ 1,520	$ 1,864
Basic earnings per common share (in dollars per share)	$ 0.16	$ 0.19	[1],[2]	$ 0.36	$ 0.54	[1],[2]
Diluted earnings per common share (in dollars per share)	$ 0.16	$ 0.15	[1],[2]	$ 0.26	$ 0.43	[1],[2]
Weighted average common shares outstanding (in shares)	5,763,944	3,428,085	[1],[2]	4,279,821	3,426,467	[1],[2]
Diluted weighted average common shares outstanding (in shares)	5,774,086	5,757,685	[1],[2]	5,776,632	5,756,067	[1],[2]
[1]	Restated for 4% common stock dividend distributed July 11, 2016.
[2]	Restated for the 4% stock dividend distributed July 11, 2016

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 936	$ 862	$ 1,977	$ 2,544
Other comprehensive income (loss):
Net unrealized holding gains (losses) on securities available for sale during the period	(149)	275	583	20
Deferred income tax (expense) benefit on unrealized holding gains (losses) on securities available for sale	50	(93)	(198)	(7)
Reclassification adjustment for gains on sales of investment securities included in net income	(43)	(12)	(257)	(52)
Tax expense related to realized gains on securities sold	15	4	87	18
Total other comprehensive income (loss)	(127)	174	215	(21)
Comprehensive income	809	1,036	2,192	2,523
Less: Comprehensive income attributable to the non-controlling interest	33	7	49	50
Comprehensive income attributable to HomeTown Bankshares Corporation	$ 776	$ 1,029	$ 2,143	$ 2,473

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016		Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 1,977		$ 2,544
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	568		571
Provision for loan losses	979
Amortization of premium on securities, net	448		440
Amortization of discount on subordinated notes	23
Gains on sales of loans held for sale	(435)		(407)
Losses on sales and writedowns of other real estate, net	91		140
Gains on sales of investment securities, net	(257)		(52)
Increase in value of life insurance contracts	(133)		(120)
Stock compensation expense	111		102
Originations of loans held for sale	(17,443)		(18,136)
Proceeds from sales of loans held for sale	19,227		18,391
Changes in assets and liabilities:
Accrued income	(19)		51
Other assets	(199)		(154)
Deferred taxes, net	163		11
Accrued interest payable	226		167
Other liabilities	(300)		(686)
Net cash flows provided by operating activities	5,027		2,862
Cash flows from investing activities:
Net (increase) decrease in federal funds sold	296		(1,026)
Purchases of available for sale securities	(14,087)		(5,997)
Sales, maturities, and calls of available for sale securities	12,682		9,494
(Purchase) redemption of restricted equity securities, net	322		(218)
Net increase in loans	(37,771)		(28,500)
Proceeds from sales of other real estate	1,353		138
Purchases of bank owned life insurance	(1,000)		(2,500)
Purchases of property and equipment	(103)		(329)
Net cash flows used in investing activities	(38,308)		(28,938)
Cash flows from financing activities:
Net increase in noninterest-bearing deposits	11,448		30,224
Net increase in interest-bearing deposits	29,000		7,408
Net increase (decrease) in FHLB borrowings	(13,000)		4,900
Net increase (decrease) in other borrowings	(1,235)		439
Net increase in equity of non-controlling interest			317
Preferred stock dividend payment	(408)		(630)
Cash in lieu of fractional shares	(5)
Net cash flows provided by financing activities	25,800		42,658
Net increase (decrease) in cash and cash equivalents	(7,481)		16,582
Cash and cash equivalents, beginning	28,745	[1]	13,795
Cash and cash equivalents, ending	21,264		30,377
Supplemental disclosure of cash flow information:
Cash payments for interest	2,026		1,530
Cash payments for income taxes	1,253		1,676
Supplemental disclosure of noncash investing and financing activities:
Change in unrealized gains (loss) on available for sale securities	326		(32)
Transfer from loans to other real estate	481
Conversion of Preferred Stock to Common Stock	$ 12,893
[1]	Derived from consolidated audited financial statements.

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
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 September 30, 2016 and for the periods ended September 30, 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 periods ended September 30, 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. The Company elected the early adoption of ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvement to Employee Share-Based Payment Accounting.

Note 2 - Investment Securities

Note 2 - Investment Securities	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
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 September 30, 2016 and December 31, 2015, are as follows: (Dollars In Thousands) September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 12,806 $ 250 $ (51 ) $ 13,005 Mortgage-backed securities and CMO’s 20,900 159 (48 ) 21,011 Corporate securities 3,750 62 – 3,812 Municipal securities 15,703 575 (21 ) 16,257 $ 53,159 $ 1,046 $ (120 ) $ 54,085 (Dollars In Thousands) December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 16,899 $ 227 $ (107 ) $ 17,019 Mortgage-backed securities and CMO’s 18,289 75 (174 ) 18,190 Municipal securities 16,756 594 (15 ) 17,335 $ 51,944 $ 896 $ (296 ) $ 52,544 U. S. Government and agency securities: at September 30, 2016. Mortgage-backed securities and CMO’s: Corporate securities : Municipal securities: at September 30, 2016. The following tables demonstrate the unrealized loss position of available-for-sale securities at September 30, 2016 and December 31, 2015. This information summarizes the amount of time individual securities have been in a continuous, unrealized loss position. September 30, 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 $ 888 $ (1 ) $ 3,596 $ (50 ) $ 4,484 $ (51 ) Mortgage-backed securities and CMO’s 3,831 (18 ) 1,588 (30 ) 5,419 (48 ) Municipal securities 3,552 (20 ) 267 (1 ) 3,819 (21 ) $ 8,271 $ (39 ) $ 5,451 $ (81 ) $ 13,722 $ (120 ) 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 $ 1,999 $ (24 ) $ 4,924 $ (83 ) $ 6,923 $ (107 ) Mortgage-backed securities and CMO’s 10,326 (114 ) 3,069 (60 ) 13,395 (174 ) Municipal securities 805 (10 ) 526 (5 ) 1,331 (15 ) $ 13,130 $ (148 ) $ 8,519 $ (148 ) $ 21,649 $ (296 ) There are thirty-five debt securities with fair values totaling $13.7 million considered temporarily impaired at September 30, 2016. As of September 30, 2016, the Company does not consider any bond in an unrealized loss position to be other-than-temporarily impaired. The Company realized gains of $262 thousand and $5 thousand of losses on sales of securities in the first nine months of 2016. The Company realized gains of $67 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 September 30, 2016, by contractual maturity are as follows: (Dollars In Thousands) Amortized Cost Fair Value One year or less $ 120 $ 121 Over one through five years 1,395 1,420 Over five through ten years 13,782 14,000 Greater than 10 years 37,862 38,544 $ 53,159 $ 54,085

Note 3 - Loans Receivable

Note 3 - Loans Receivable	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3. Loans Receivable The major classifications of loans in the consolidated balance sheets at September 30, 2016 and December 31, 2015 were as follows: (Dollars In Thousands) September 30, 2016 December 31, 2015 Construction loans: Residential $ 12,630 $ 11,779 Land acquisition, development & commercial 25,157 27,440 Real estate: Residential 110,965 100,268 Commercial 162,330 140,952 Commercial, industrial & agricultural 55,857 53,012 Equity lines 29,253 26,376 Consumer 7,723 7,531 Total 403,915 367,358 Less allowance for loan losses (3,544 ) (3,298 ) Loans, net $ 400,371 $ 364,060 The past due and nonaccrual status of loans as of September 30, 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 $ − $ − $ − $ − $ 12,630 $ 12,630 $ − Land acquisition, development & commercial − − − − 25,157 25,157 − Real estate: Residential 103 − 802 905 110,060 110,965 577 Commercial − − − − 162,330 162,330 347 Commercial, industrial & agricultural − − − − 55,857 55,857 11 Equity lines 50 106 − 156 29,097 29,253 − Consumer 5 3 − 8 7,715 7,723 − Total $ 158 $ 109 $ 802 $ 1,069 $ 402,846 $ 403,915 $ 935 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, in the amount of $225 thousand, that was past due ninety days or more and still accruing interest as of September 30, 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 $6.5 million, and the related allowance at September 30, 2016, were as follows: September 30, 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 770 770 − 582 (14 ) Commercial 6,463 6,639 − 6,559 191 Commercial, industrial & agricultural 11 11 − 12 − Equity lines − − − − − Consumer − − − − − Total loans with no allowance $ 7,244 $ 7,420 $ − $ 7,153 $ 177 September 30, 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 119 119 17 123 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ 119 $ 119 $ 17 $ 123 $ − Impaired loans, which include TDRs of $6.7 million, and the related allowance at December 31, 2015, were as follows: December 31, 2015 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income 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 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income 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 $6.5 million at September 30, 2016. This compares with $6.7 million in total restructured loans at December 31, 2015. Four of the six loans totaling $6.2 million were not on nonaccrual status at September 30, 2016. The other two loans totaling $238 thousand were on nonaccrual status at the end of the third quarter of 2016. All TDR’s were current with their restructured terms at September 30, 2016. No loans were modified in a TDR during the first nine months of 2016. The following table presents by class of loan, information related to the loan modified in a TDR during 2015: Loans modified as TDR's For the nine months ended September 30, 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 The loan identified above in the table restructured into two TDR’s during the nine months ended September 30, 2015. It was included in substandard nonaccrual loans and impaired loans at the end of 2014. 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	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	Note 4. Allowance for Loan Losses The following table presents, as of September 30, 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). September 30, 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 $ − $ − $ 2 $ 85 $ − $ 85 $ 12,630 $ − $ 12,630 Land acquisition, development & commercial 187 (2 ) − (20 ) 165 − 165 25,157 − 25,157 Real estate: Residential 1,047 − 45 (164 ) 928 − 928 110,965 770 110,195 Commercial 1,001 (606 ) − 1,064 1,459 17 1,442 162,330 6,582 155,748 Commercial, industrial & agricultural 531 (34 ) − (73 ) 424 − 424 55,857 11 55,846 Equity lines 277 (99 ) 10 164 352 − 352 29,253 − 29,253 Consumer 85 (65 ) 18 56 94 − 94 7,723 − 7,723 Unallocated 87 − − (50 ) 37 − 37 − − − Total $ 3,298 $ (806 ) $ 73 $ 979 $ 3,544 $ 17 $ 3,527 $ 403,915 $ 7,363 $ 396,552 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 September 30, 2016 were as follows: (Dollars In Thousands) Pass Special Mention Substandard Accruing Substandard Nonaccrual Total Construction loans: Residential $ 12,630 $ − $ − $ − $ 12,630 Land acquisition, development & commercial 25,157 − − − 25,157 Real estate loans: Residential 110,195 − 193 577 110,965 Commercial 161,429 − 554 347 162,330 Commercial, industrial, agricultural 55,246 − 600 11 55,857 Equity lines 29,253 − − − 29,253 Consumer 7,642 79 2 − 7,723 Total Loans $ 401,552 $ 79 $ 1,349 $ 935 $ 403,915 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 September 30, 2016 and December 31, 2015, the Company had no loans classified as Doubtful or Loss.

Note 5 - Foreclosed Properties

Note 5 - Foreclosed Properties	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Real Estate Owned [Text Block]	Note 5. Foreclosed Properties Changes in foreclosed properties for the nine months ended September 30, 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 481 — 481 Writedowns — — — Sales (1,444 ) — (1,444 ) Balance at the end of the period $ 4,694 $ (420 ) $ 4,274 Changes in foreclosed properties for the nine months ended September 30, 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 — (140 ) (140 ) Sales (138 ) — (138 ) Balance at the end of the period $ 7,270 $ (562 ) $ 6,708 The major classifications of other real estate owned in the consolidated balance sheets at September 30, 2016 and December 31, 2015 were as follows: (Dollars In Thousands) September 30, 2016 December 31, 2015 Residential lots $ 2,409 $ 2,520 Residential development 423 423 Commercial lots 90 90 Commercial buildings 1,352 2,204 Total Other Real Estate Owned $ 4,274 $ 5,237 There were no residential real estate loans in the process of foreclosure at September 30, 2016 or December 31, 2015. Other real estate owned related expenses in the consolidated statements of income for the three and nine months ended September 30, 2016 and September 30, 2015 include: (Dollars In Thousands) Three months Ended September 30, 2016 Three months Ended September 30, 2015 Nine months Ended September 30, 2016 Nine months Ended September 30, 2015 Net loss on sales $ — $ — $ 91 $ — Provision for unrealized losses — 140 — 140 Operating expenses 25 35 72 105 Total Other Real Estate Owned $ 25 $ 175 $ 163 $ 245

Note 6 - Stock Based Compensati

Note 6 - Stock Based Compensation	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 6. Stock Based Compensation The Company recorded stock based compensation expense of $111 thousand and $102 thousand for the years to date September 30, 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 $58 thousand year to date September 30, 2016 and $56 thousand year to date September 30, 2015. As of September 30, 2016 there was $229 thousand of total unrecognized compensation cost related to nonvested stock options granted under the Plan. The cost will be recognized over the next 3.25 years. No options were granted during the nine months ended September 30, 2016. All previously issued options were fully vested at the end of 2012. At the discretion of the Board of Directors, the stock option plan was not modified for the 4% stock dividend distributed on July 11, 2016. A summary of option activity under the 2005 stock option plan year to date September 30, 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 – – Expired (333,960 ) 9.09 Forfeited (6,000 ) 6.90 Balance at September 30, 2016 206,500 $ 7.90 $ 329,700 6.59 Exercisable at September 30, 2016 82,100 $ 9.41 $ 68,460 4.11 (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 September 30, 2016. In 2009, the Board of Directors authorized 132,000 shares of common stock for issuance under the Restricted Stock Plan. On July 11, 2016, a 4% stock dividend was distributed and added 5,280 to the total number of shares authorized for issuance and currently raising the total available to 137,280. 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 $53 thousand and $46 thousand for the years to date September 30, 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 11,149* and 9,014* shares of restricted stock under the plan during the years to date September 30, 2016 and 2015, respectively. The weighted-average grant date fair value of restricted stock granted in 2016 was $9.09* compared to $7.40* in 2015. As of September 30, 2016, there was $183 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 nine months ended September 30, 2016 For the nine months ended September 30, 2015 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Nonvested at beginning of year 39,352 * $ 6.00 * 39,227 * $ 5.35 * Granted 11,149 * 9.09 * 9,014 * 7.40 * Vested (11,371 ) * 5.44 * (11,279 ) * 5.34 * Forfeited (6,788 ) * 6.99 * – * – * Nonvested at the end of the period 32,342 * $ 7.06 * 36,962 * $ 5.85 * The Restricted Stock Plan provides for the adjustment of the total number of shares reserved for issuance under the plan and the number of shares covered by each outstanding Award for stock dividends and stock splits. *Restated for the 4% stock dividend distributed July 11, 2016.

Note 7 - Fair Value Measurement

Note 7 - Fair Value Measurement	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
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 September 30, 2016 and December 31, 2015: (Dollars In Thousands) Carrying value at September 30, 2016 Description Balance as of September 30, 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 $ 13,005 $ – $ 13,005 $ – Mortgage-backed securities and CMO’s 21,011 – 21,011 – Corporate securities 3,812 – 3,812 – Municipal securities 16,257 – 16,257 – (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 $ 17,019 $ – $ 17,019 $ – Mortgage-backed securities and CMO’s 18,190 – 18,190 – 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 September 30, 2016 and December 31, 2015. (Dollars In Thousands) Carrying value at September 30, 2016 Description Balance as of September 30, 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 $ 102 $ – $ – $ 102 Loans held for sale 294 – 294 – Other real estate owned 4,274 – – 4,274 (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 September 30, 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 September 30, 2016: (Dollars In Thousands) Quantitative information about Level 3 Fair Value Measurements for September 30, 2016 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Impaired loans $ 102 Discounted cash flows Residual cash flows discount rate 6% - 6% (6%) Other real estate owned $ 1,735 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 4% - 4% (4%) $ 2,539 Internal evaluations Internal evaluations 3% - 38% (19%) 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 cash flows Residual cash flows discount rate 6% - 6% (6%) 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 September 30, 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 values is 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). 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 September 30, 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 September 30, 2016: (Dollars In Thousands) Fair value at September 30, 2016 Description Carrying value as of September 30, 2016 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 $ 21,264 $ 20,514 $ 755 $ – $ 21,269 Federal funds sold 1,033 1,033 – – 1,033 Securities available-for-sale 54,085 – 54,085 – 54,085 Restricted equity securities 2,213 – 2,213 – 2,213 Loans held for sale 294 – 294 – 294 Loans, net 400,371 – – 402,625 402,625 Bank owned life insurance 7,418 – 7,418 – 7,418 Accrued income 2,076 – 2,076 – 2,076 Financial liabilities Total deposits 439,994 – 440,207 – 440,207 FHLB borrowings 9,000 – 9,109 – 9,109 Subordinated notes 7,217 – 7,770 – 7,770 Other borrowings 1,126 – 1,126 – 1,126 Accrued interest payable 598 – 598 – 598 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	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
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 and nine months ended September 30, 2016 and 2015 are as follows: Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Three Months Ended September 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2016 2015 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 43 $ 12 Gains on sales of investment securities Tax expense related to realized gains on securities sold 15 4 Income tax expense $ 28 $ 8 Net income Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Nine Months Ended September 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2016 2015 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 257 $ 52 Gains on sales of investment securities Tax expense related to realized gains on securities sold 87 18 Income tax expense $ 170 $ 34 Net income

Note 9 - Earnings Per Common Sh

Note 9 - Earnings Per Common Share	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
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 September 30, 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 5,763,944 $ 903 $ 0.16 3,428,085 * $ 645 $ 0.19 * Series C Preferred Stock Dividends − 210 Effect of dilutive securities: Convertible preferred stock − − − 2,369,600 * − (0.04 )* Dilutive stock options 10,142 − − − − − Earnings per common share, diluted 5,774,086 $ 903 $ 0.16 5,757,685 * $ 855 $ 0.15 * *Restated for 4% common stock dividend distributed July 11, 2016. For the Nine Months Ended September 30, 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 4,279,821 $ 1,520 $ 0.36 3,426,467 * $ 1,864 $ 0.54 * Series C Preferred Stock Dividends − 630 Effect of dilutive securities: Convertible preferred stock 1,486,669 − (0.10 ) 2,329,600 * − (0.11 ) * Dilutive stock options 10,142 − − − − − Earnings per common share, diluted 5,776,632 $ 1,520 $ 0.26 5,756,067 * $ 2,494 $ 0.43 * *Restated for 4% common stock dividend distributed July 11, 2016. 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	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	Note 10. Subsequent Events There were no reportable subsequent events.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The consolidated financial statements as of September 30, 2016 and for the periods ended September 30, 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 periods ended September 30, 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. The Company elected the early adoption of ASU 2016-09, Compensation – Stock Compensation (Topic 718): Improvement to Employee Share-Based Payment Accounting.

Note 2 - Investment Securities

Note 2 - Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	(Dollars In Thousands) September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 12,806 $ 250 $ (51 ) $ 13,005 Mortgage-backed securities and CMO’s 20,900 159 (48 ) 21,011 Corporate securities 3,750 62 – 3,812 Municipal securities 15,703 575 (21 ) 16,257 $ 53,159 $ 1,046 $ (120 ) $ 54,085 (Dollars In Thousands) December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 16,899 $ 227 $ (107 ) $ 17,019 Mortgage-backed securities and CMO’s 18,289 75 (174 ) 18,190 Municipal securities 16,756 594 (15 ) 17,335 $ 51,944 $ 896 $ (296 ) $ 52,544
Schedule of Unrealized Loss on Investments [Table Text Block]	September 30, 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 $ 888 $ (1 ) $ 3,596 $ (50 ) $ 4,484 $ (51 ) Mortgage-backed securities and CMO’s 3,831 (18 ) 1,588 (30 ) 5,419 (48 ) Municipal securities 3,552 (20 ) 267 (1 ) 3,819 (21 ) $ 8,271 $ (39 ) $ 5,451 $ (81 ) $ 13,722 $ (120 ) 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 $ 1,999 $ (24 ) $ 4,924 $ (83 ) $ 6,923 $ (107 ) Mortgage-backed securities and CMO’s 10,326 (114 ) 3,069 (60 ) 13,395 (174 ) 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 $ 120 $ 121 Over one through five years 1,395 1,420 Over five through ten years 13,782 14,000 Greater than 10 years 37,862 38,544 $ 53,159 $ 54,085

Note 3 - Loans Receivable (Tabl

Note 3 - Loans Receivable (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(Dollars In Thousands) September 30, 2016 December 31, 2015 Construction loans: Residential $ 12,630 $ 11,779 Land acquisition, development & commercial 25,157 27,440 Real estate: Residential 110,965 100,268 Commercial 162,330 140,952 Commercial, industrial & agricultural 55,857 53,012 Equity lines 29,253 26,376 Consumer 7,723 7,531 Total 403,915 367,358 Less allowance for loan losses (3,544 ) (3,298 ) Loans, net $ 400,371 $ 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 $ − $ − $ − $ − $ 12,630 $ 12,630 $ − Land acquisition, development & commercial − − − − 25,157 25,157 − Real estate: Residential 103 − 802 905 110,060 110,965 577 Commercial − − − − 162,330 162,330 347 Commercial, industrial & agricultural − − − − 55,857 55,857 11 Equity lines 50 106 − 156 29,097 29,253 − Consumer 5 3 − 8 7,715 7,723 − Total $ 158 $ 109 $ 802 $ 1,069 $ 402,846 $ 403,915 $ 935 (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]	September 30, 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 770 770 − 582 (14 ) Commercial 6,463 6,639 − 6,559 191 Commercial, industrial & agricultural 11 11 − 12 − Equity lines − − − − − Consumer − − − − − Total loans with no allowance $ 7,244 $ 7,420 $ − $ 7,153 $ 177 September 30, 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 119 119 17 123 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ 119 $ 119 $ 17 $ 123 $ − December 31, 2015 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income 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 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income 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 nine months ended September 30, 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)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	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 $ − $ − $ 2 $ 85 $ − $ 85 $ 12,630 $ − $ 12,630 Land acquisition, development & commercial 187 (2 ) − (20 ) 165 − 165 25,157 − 25,157 Real estate: Residential 1,047 − 45 (164 ) 928 − 928 110,965 770 110,195 Commercial 1,001 (606 ) − 1,064 1,459 17 1,442 162,330 6,582 155,748 Commercial, industrial & agricultural 531 (34 ) − (73 ) 424 − 424 55,857 11 55,846 Equity lines 277 (99 ) 10 164 352 − 352 29,253 − 29,253 Consumer 85 (65 ) 18 56 94 − 94 7,723 − 7,723 Unallocated 87 − − (50 ) 37 − 37 − − − Total $ 3,298 $ (806 ) $ 73 $ 979 $ 3,544 $ 17 $ 3,527 $ 403,915 $ 7,363 $ 396,552 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 $ 12,630 $ − $ − $ − $ 12,630 Land acquisition, development & commercial 25,157 − − − 25,157 Real estate loans: Residential 110,195 − 193 577 110,965 Commercial 161,429 − 554 347 162,330 Commercial, industrial, agricultural 55,246 − 600 11 55,857 Equity lines 29,253 − − − 29,253 Consumer 7,642 79 2 − 7,723 Total Loans $ 401,552 $ 79 $ 1,349 $ 935 $ 403,915 (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)	9 Months Ended
	Sep. 30, 2016
Notes Tables
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 481 — 481 Writedowns — — — Sales (1,444 ) — (1,444 ) Balance at the end of the period $ 4,694 $ (420 ) $ 4,274 (Dollars In Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 7,408 $ (422 ) $ 6,986 Additions — — — Writedowns — (140 ) (140 ) Sales (138 ) — (138 ) Balance at the end of the period $ 7,270 $ (562 ) $ 6,708
Schedule of Real Estate Properties [Table Text Block]	(Dollars In Thousands) September 30, 2016 December 31, 2015 Residential lots $ 2,409 $ 2,520 Residential development 423 423 Commercial lots 90 90 Commercial buildings 1,352 2,204 Total Other Real Estate Owned $ 4,274 $ 5,237 (Dollars In Thousands) Three months Ended September 30, 2016 Three months Ended September 30, 2015 Nine months Ended September 30, 2016 Nine months Ended September 30, 2015 Net loss on sales $ — $ — $ 91 $ — Provision for unrealized losses — 140 — 140 Operating expenses 25 35 72 105 Total Other Real Estate Owned $ 25 $ 175 $ 163 $ 245

Note 6 - Stock Based Compensa22

Note 6 - Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
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 – – Expired (333,960 ) 9.09 Forfeited (6,000 ) 6.90 Balance at September 30, 2016 206,500 $ 7.90 $ 329,700 6.59 Exercisable at September 30, 2016 82,100 $ 9.41 $ 68,460 4.11
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	For the nine months ended September 30, 2016 For the nine months ended September 30, 2015 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Nonvested at beginning of year 39,352 * $ 6.00 * 39,227 * $ 5.35 * Granted 11,149 * 9.09 * 9,014 * 7.40 * Vested (11,371 ) * 5.44 * (11,279 ) * 5.34 * Forfeited (6,788 ) * 6.99 * – * – * Nonvested at the end of the period 32,342 * $ 7.06 * 36,962 * $ 5.85 *

Note 7 - Fair Value Measureme23

Note 7 - Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	(Dollars In Thousands) Carrying value at September 30, 2016 Description Balance as of September 30, 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 $ 13,005 $ – $ 13,005 $ – Mortgage-backed securities and CMO’s 21,011 – 21,011 – Corporate securities 3,812 – 3,812 – Municipal securities 16,257 – 16,257 – (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 $ 17,019 $ – $ 17,019 $ – Mortgage-backed securities and CMO’s 18,190 – 18,190 – Municipal securities 17,335 – 17,335 –
Fair Value Measurements, Nonrecurring [Table Text Block]	(Dollars In Thousands) Carrying value at September 30, 2016 Description Balance as of September 30, 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 $ 102 $ – $ – $ 102 Loans held for sale 294 – 294 – Other real estate owned 4,274 – – 4,274 (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 September 30, 2016 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Impaired loans $ 102 Discounted cash flows Residual cash flows discount rate 6% - 6% (6%) Other real estate owned $ 1,735 Discounted appraised value Selling cost 6% - 6% (6%) Discount for lack of marketability and age of appraisal 4% - 4% (4%) $ 2,539 Internal evaluations Internal evaluations 3% - 38% (19%) (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 cash flows Residual cash flows discount rate 6% - 6% (6%) 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 September 30, 2016 Description Carrying value as of September 30, 2016 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 $ 21,264 $ 20,514 $ 755 $ – $ 21,269 Federal funds sold 1,033 1,033 – – 1,033 Securities available-for-sale 54,085 – 54,085 – 54,085 Restricted equity securities 2,213 – 2,213 – 2,213 Loans held for sale 294 – 294 – 294 Loans, net 400,371 – – 402,625 402,625 Bank owned life insurance 7,418 – 7,418 – 7,418 Accrued income 2,076 – 2,076 – 2,076 Financial liabilities Total deposits 439,994 – 440,207 – 440,207 FHLB borrowings 9,000 – 9,109 – 9,109 Subordinated notes 7,217 – 7,770 – 7,770 Other borrowings 1,126 – 1,126 – 1,126 Accrued interest payable 598 – 598 – 598 (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)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Three Months Ended September 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2016 2015 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 43 $ 12 Gains on sales of investment securities Tax expense related to realized gains on securities sold 15 4 Income tax expense $ 28 $ 8 Net income Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Nine Months Ended September 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2016 2015 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 257 $ 52 Gains on sales of investment securities Tax expense related to realized gains on securities sold 87 18 Income tax expense $ 170 $ 34 Net income

Note 9 - Earnings Per Common 25

Note 9 - Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended September 30, 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 5,763,944 $ 903 $ 0.16 3,428,085 * $ 645 $ 0.19 * Series C Preferred Stock Dividends − 210 Effect of dilutive securities: Convertible preferred stock − − − 2,369,600 * − (0.04 )* Dilutive stock options 10,142 − − − − − Earnings per common share, diluted 5,774,086 $ 903 $ 0.16 5,757,685 * $ 855 $ 0.15 * For the Nine Months Ended September 30, 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 4,279,821 $ 1,520 $ 0.36 3,426,467 * $ 1,864 $ 0.54 * Series C Preferred Stock Dividends − 630 Effect of dilutive securities: Convertible preferred stock 1,486,669 − (0.10 ) 2,329,600 * − (0.11 ) * Dilutive stock options 10,142 − − − − − Earnings per common share, diluted 5,776,632 $ 1,520 $ 0.26 5,756,067 * $ 2,494 $ 0.43 *

Note 1 - Organization and Sum26

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2016	Sep. 30, 2016
Corporate Joint Venture [Member] | Home Town Residential Mortgage LLC [Member]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions		49.00%
New Accounting Pronouncement, Early Adoption, Effect [Member]
Increase (Decrease) in Income Taxes	$ 236

Note 2 - Investment Securitie27

Note 2 - Investment Securities (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Corporate Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	0
US Government Agencies Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	12
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 4,484		$ 6,923
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	14
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 5,419		13,395
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	9
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 3,819		1,331
Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	35
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 13,700
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	13,722		$ 21,649
Available-for-sale Securities, Gross Realized Gains	262	$ 67
Available-for-sale Securities, Gross Realized Losses	$ 5	$ 15

Note 2 - Investment Securitie28

Note 2 - Investment Securities - Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Securities available-for-sale, amortized cost	$ 12,806	$ 16,899
Securities available-for-sale, gross unrealized gains	250	227
Securities available-for-sale, gross unrealized losses	(51)	(107)
Securities available for sale, at fair value	13,005	17,019
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available-for-sale, amortized cost	20,900	18,289
Securities available-for-sale, gross unrealized gains	159	75
Securities available-for-sale, gross unrealized losses	(48)	(174)
Securities available for sale, at fair value	21,011	18,190
Corporate Debt Securities [Member]
Securities available-for-sale, amortized cost	3,750
Securities available-for-sale, gross unrealized gains	62
Securities available-for-sale, gross unrealized losses
Securities available for sale, at fair value	3,812
US States and Political Subdivisions Debt Securities [Member]
Securities available-for-sale, amortized cost	15,703	16,756
Securities available-for-sale, gross unrealized gains	575	594
Securities available-for-sale, gross unrealized losses	(21)	(15)
Securities available for sale, at fair value	16,257	17,335
Securities available-for-sale, amortized cost	53,159	51,944
Securities available-for-sale, gross unrealized gains	1,046	896
Securities available-for-sale, gross unrealized losses	(120)	(296)
Securities available for sale, at fair value	$ 54,085	$ 52,544	[1]
[1]	Derived from consolidated audited financial statements.

Note 2 - Investment Securitie29

Note 2 - Investment Securities - Unrealized Loss Positions of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value	$ 888	$ 1,999
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss	(1)	(24)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value	3,596	4,924
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss	(50)	(83)
Securities available-for-sale in a continuous unrealized loss position, total fair value	4,484	6,923
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss	(51)	(107)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value	3,831	10,326
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss	(18)	(114)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value	1,588	3,069
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss	(30)	(60)
Securities available-for-sale in a continuous unrealized loss position, total fair value	5,419	13,395
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss	(48)	(174)
US States and Political Subdivisions Debt Securities [Member]
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value	3,552	805
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss	(20)	(10)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value	267	526
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss	(1)	(5)
Securities available-for-sale in a continuous unrealized loss position, total fair value	3,819	1,331
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss	(21)	(15)
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value	8,271	13,130
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss	(39)	(148)
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value	5,451	8,519
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss	(81)	(148)
Securities available-for-sale in a continuous unrealized loss position, total fair value	13,722	21,649
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss	$ (120)	$ (296)

Note 2 - Investment Securitie30

Note 2 - Investment Securities - Available-for-sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
One year or less, available-for-sale securities, amortized cost	$ 120
One year or less, available-for-sale securities, fair value	121
Over one through five years, available-for-sale securities, amortized cost	1,395
Over one through five years, available-for-sale securities, fair value	1,420
Over five through ten years, available-for-sale securities, amortized cost	13,782
Over five through ten years, available-for-sale securities, fair value	14,000
Greater than 10 years, available-for-sale securities, amortized cost	37,862
Greater than 10 years, available-for-sale securities, fair value	38,544
Available-for-sale securities, amortized cost	53,159	$ 51,944
Available-for-sale securities, fair value	$ 54,085	$ 52,544	[1]
[1]	Derived from consolidated audited financial statements.

Note 3 - Loans Receivable (Deta

Note 3 - Loans Receivable (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015	Dec. 31, 2015USD ($)
Troubled Debt Restructuring, Modified [Member]
Financing Receivable, Modifications, Number of Contracts	0	2
Troubled Debt Restructuring [Member]
Financing Receivable, Modifications, Number of Contracts	6
Financing Receivable, Modifications, Recorded Investment	$ 6,500		$ 6,700
Performing Financial Instruments [Member]
Financing Receivable, Modifications, Number of Contracts	4
Financing Receivable, Modifications, Recorded Investment	$ 6,200
Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Number of Contracts	2
Financing Receivable, Modifications, Recorded Investment	$ 238
Financing Receivable, Modifications, Number of Contracts		1
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	$ 225		$ 842

Note 3 - Loans Receivable - Cla

Note 3 - Loans Receivable - Classifications of Loans Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015		Dec. 31, 2014
Construction Loan Portfolio Segment [Member] | Residential [Member]
Loans and Leases Receivable, Gross	$ 12,630	$ 11,779
Less allowance for loan losses	(85)	(83)		$ (43)
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Loans and Leases Receivable, Gross	25,157	27,440
Less allowance for loan losses	(165)	(187)		(453)
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans and Leases Receivable, Gross	110,965	100,268
Less allowance for loan losses	(928)	(1,047)		(833)
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans and Leases Receivable, Gross	162,330	140,952
Less allowance for loan losses	(1,459)	(1,001)		(1,012)
Commercial Industrial and Agricultural Portfolio Segment [Member]
Loans and Leases Receivable, Gross	55,857	53,012
Less allowance for loan losses	(424)	(531)		(319)
Equity Lines Portfolio Segment [Member]
Loans and Leases Receivable, Gross	29,253	26,376
Less allowance for loan losses	(352)	(277)		(423)
Consumer Portfolio Segment [Member]
Loans and Leases Receivable, Gross	7,723	7,531
Less allowance for loan losses	(94)	(85)		(65)
Loans and Leases Receivable, Gross	403,915	367,358
Less allowance for loan losses	(3,544)	(3,298)	[1]	$ (3,332)
Loans, net	$ 400,371	$ 364,060	[2]
[1]	Derived from consolidated audited financial statements.
[2]	Derived from consolidated audited financial statements.

Note 3 - Loans Receivable - Pas

Note 3 - Loans Receivable - Past Due and Non-accrual Status of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Residential [Member]
Loans, past due
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Loans, past due
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential [Member]
Loans, past due	103	297
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans, past due		44
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Industrial and Agricultural Portfolio Segment [Member]
Loans, past due		52
Financing Receivables, 30 to 59 Days Past Due [Member] | Equity Lines Portfolio Segment [Member]
Loans, past due	50	105
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans, past due	5
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans, past due	158	498
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Residential [Member]
Loans, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Loans, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential [Member]
Loans, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans, past due
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Industrial and Agricultural Portfolio Segment [Member]
Loans, past due		84
Financing Receivables, 60 to 89 Days Past Due [Member] | Equity Lines Portfolio Segment [Member]
Loans, past due	106
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans, past due	3
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans, past due	109	84
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Residential [Member]
Loans, past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Loans, past due		11
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential [Member]
Loans, past due	802	50
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans, past due		792
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Industrial and Agricultural Portfolio Segment [Member]
Loans, past due		35
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Equity Lines Portfolio Segment [Member]
Loans, past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Loans, past due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans, past due	802	888
Construction Loan Portfolio Segment [Member] | Residential [Member]
Loans, past due
Loans, current	12,630	11,779
Loans and Leases Receivable, Gross	12,630	11,779
Loans, nonaccrual Loans
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Loans, past due		11
Loans, current	25,157	27,429
Loans and Leases Receivable, Gross	25,157	27,440
Loans, nonaccrual Loans		11
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans, past due	905	347
Loans, current	110,060	99,921
Loans and Leases Receivable, Gross	110,965	100,268
Loans, nonaccrual Loans	577
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans, past due		836
Loans, current	162,330	140,116
Loans and Leases Receivable, Gross	162,330	140,952
Loans, nonaccrual Loans	347	368
Commercial Industrial and Agricultural Portfolio Segment [Member]
Loans, past due		171
Loans, current	55,857	52,841
Loans and Leases Receivable, Gross	55,857	53,012
Loans, nonaccrual Loans	11	47
Equity Lines Portfolio Segment [Member]
Loans, past due	156	105
Loans, current	29,097	26,271
Loans and Leases Receivable, Gross	29,253	26,376
Loans, nonaccrual Loans
Consumer Portfolio Segment [Member]
Loans, past due	8
Loans, current	7,715	7,531
Loans and Leases Receivable, Gross	7,723	7,531
Loans, nonaccrual Loans
Loans, past due	1,069	1,470
Loans, current	402,846	365,888
Loans and Leases Receivable, Gross	403,915	367,358
Loans, nonaccrual Loans	$ 935	$ 426

Note 3 - Loans Receivable - Imp

Note 3 - Loans Receivable - Impaired Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Construction Loan Portfolio Segment [Member] | Residential [Member]
Loans with no related allowance, recorded investment in loans
Loans with no related allowance, unpaid principal balance
Loans with no related allowance, average balance total loans
Loans with no related allowance, interest income recognized
Loans with a related allowance, recorded investment in loans
Loans with a related allowance, unpaid principal balance
Related Allowance
Loans with a related allowance, average balance total loans
Loans with a related allowance, interest income recognized
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Loans with no related allowance, recorded investment in loans
Loans with no related allowance, unpaid principal balance
Loans with no related allowance, average balance total loans
Loans with no related allowance, interest income recognized
Loans with a related allowance, recorded investment in loans
Loans with a related allowance, unpaid principal balance
Related Allowance
Loans with a related allowance, average balance total loans
Loans with a related allowance, interest income recognized
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans with no related allowance, recorded investment in loans	770	247
Loans with no related allowance, unpaid principal balance	770	247
Loans with no related allowance, average balance total loans	582	255
Loans with no related allowance, interest income recognized	(14)	13
Loans with a related allowance, recorded investment in loans
Loans with a related allowance, unpaid principal balance
Related Allowance
Loans with a related allowance, average balance total loans
Loans with a related allowance, interest income recognized
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans with no related allowance, recorded investment in loans	6,463	7,451
Loans with no related allowance, unpaid principal balance	6,639	7,627
Loans with no related allowance, average balance total loans	6,559	7,623
Loans with no related allowance, interest income recognized	191	291
Loans with a related allowance, recorded investment in loans	119	127
Loans with a related allowance, unpaid principal balance	119	127
Related Allowance	17	17
Loans with a related allowance, average balance total loans	123	135
Loans with a related allowance, interest income recognized
Commercial Industrial and Agricultural Portfolio Segment [Member]
Loans with no related allowance, recorded investment in loans	11	12
Loans with no related allowance, unpaid principal balance	11	12
Loans with no related allowance, average balance total loans	12	12
Loans with no related allowance, interest income recognized
Loans with a related allowance, recorded investment in loans
Loans with a related allowance, unpaid principal balance
Related Allowance
Loans with a related allowance, average balance total loans
Loans with a related allowance, interest income recognized
Equity Lines Portfolio Segment [Member]
Loans with no related allowance, recorded investment in loans
Loans with no related allowance, unpaid principal balance
Loans with no related allowance, average balance total loans
Loans with no related allowance, interest income recognized
Loans with a related allowance, recorded investment in loans
Loans with a related allowance, unpaid principal balance
Related Allowance
Loans with a related allowance, average balance total loans
Loans with a related allowance, interest income recognized
Consumer Portfolio Segment [Member]
Loans with no related allowance, recorded investment in loans
Loans with no related allowance, unpaid principal balance
Loans with no related allowance, average balance total loans
Loans with no related allowance, interest income recognized
Loans with a related allowance, recorded investment in loans
Loans with a related allowance, unpaid principal balance
Related Allowance
Loans with a related allowance, average balance total loans
Loans with a related allowance, interest income recognized
Loans with no related allowance, recorded investment in loans	7,244	7,710
Loans with no related allowance, unpaid principal balance	7,420	7,886
Loans with no related allowance, average balance total loans	7,153	7,890
Loans with no related allowance, interest income recognized	177	304
Loans with a related allowance, recorded investment in loans	119	127
Loans with a related allowance, unpaid principal balance	119	127
Related Allowance	17	17
Loans with a related allowance, average balance total loans	123	135
Loans with a related allowance, interest income recognized

Note 3 - Loans Receivable - Loa

Note 3 - Loans Receivable - Loans Modified in TDR by Class of Loan (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Construction Loan Portfolio Segment [Member] | Residential [Member]
Financing Receivable, Modifications, Number of Contracts
Pre-modification outstanding recorded investment
Post-modification outstanding recorded investment
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Financing Receivable, Modifications, Number of Contracts
Pre-modification outstanding recorded investment
Post-modification outstanding recorded investment
Real Estate Portfolio Segment [Member] | Residential [Member]
Financing Receivable, Modifications, Number of Contracts
Pre-modification outstanding recorded investment
Post-modification outstanding recorded investment
Real Estate Portfolio Segment [Member] | Commercial [Member]
Financing Receivable, Modifications, Number of Contracts	1
Pre-modification outstanding recorded investment	$ 260
Post-modification outstanding recorded investment	$ 255
Commercial Industrial and Agricultural Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts
Pre-modification outstanding recorded investment
Post-modification outstanding recorded investment	$ 12
Equity Lines Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts
Pre-modification outstanding recorded investment
Post-modification outstanding recorded investment
Consumer Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts
Pre-modification outstanding recorded investment
Post-modification outstanding recorded investment
Financing Receivable, Modifications, Number of Contracts	1
Pre-modification outstanding recorded investment	$ 260
Post-modification outstanding recorded investment	$ 267

Note 4 - Allowance for Loan L36

Note 4 - Allowance for Loan Losses (Details Textual) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Doubtful [Member]
Loans and Leases Receivable, Gross	$ 0	$ 0
Unlikely to be Collected Financing Receivable [Member]
Loans and Leases Receivable, Gross	0	0
Loans and Leases Receivable, Gross	$ 403,915,000	$ 367,358,000

Note 4 - Allowance for Loan L37

Note 4 - Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended			12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016		Sep. 30, 2015	Dec. 31, 2015
Construction Loan Portfolio Segment [Member] | Residential [Member]
Allowance for loan losses Beginning balance			$ 83		$ 43	$ 43
Allowance for loan losses Charge- offs
Allowance for loan losses Recoveries
Allowance for loan losses Provisions			2			40
Allowance for loan losses Ending Balance	$ 85		85			83
Allowance for loan losses Ending balance: individually evaluated for impairment
Allowance for loan losses Ending balance: collectively evaluated for impairment	85		85			83
Loans and Leases Receivable, Gross	12,630		12,630			11,779
Loans Ending balance: individually evaluated for impairment
Loans Ending balance: collectively evaluated for impairment	12,630		12,630			11,779
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Allowance for loan losses Beginning balance			187		453	453
Allowance for loan losses Charge- offs			(2)
Allowance for loan losses Recoveries
Allowance for loan losses Provisions			(20)			(266)
Allowance for loan losses Ending Balance	165		165			187
Allowance for loan losses Ending balance: individually evaluated for impairment
Allowance for loan losses Ending balance: collectively evaluated for impairment	165		165			187
Loans and Leases Receivable, Gross	25,157		25,157			27,440
Loans Ending balance: individually evaluated for impairment
Loans Ending balance: collectively evaluated for impairment	25,157		25,157			27,440
Real Estate Portfolio Segment [Member] | Residential [Member]
Allowance for loan losses Beginning balance			1,047		833	833
Allowance for loan losses Charge- offs
Allowance for loan losses Recoveries			45			1
Allowance for loan losses Provisions			(164)			213
Allowance for loan losses Ending Balance	928		928			1,047
Allowance for loan losses Ending balance: individually evaluated for impairment
Allowance for loan losses Ending balance: collectively evaluated for impairment	928		928			1,047
Loans and Leases Receivable, Gross	110,965		110,965			100,268
Loans Ending balance: individually evaluated for impairment	770		770			247
Loans Ending balance: collectively evaluated for impairment	110,195		110,195			100,021
Real Estate Portfolio Segment [Member] | Commercial [Member]
Allowance for loan losses Beginning balance			1,001		1,012	1,012
Allowance for loan losses Charge- offs			(606)
Allowance for loan losses Recoveries
Allowance for loan losses Provisions			1,064			(11)
Allowance for loan losses Ending Balance	1,459		1,459			1,001
Allowance for loan losses Ending balance: individually evaluated for impairment	17		17			17
Allowance for loan losses Ending balance: collectively evaluated for impairment	1,442		1,442			984
Loans and Leases Receivable, Gross	162,330		162,330			140,952
Loans Ending balance: individually evaluated for impairment	6,582		6,582			7,578
Loans Ending balance: collectively evaluated for impairment	155,748		155,748			133,374
Commercial Industrial and Agricultural Portfolio Segment [Member]
Allowance for loan losses Beginning balance			531		319	319
Allowance for loan losses Charge- offs			(34)
Allowance for loan losses Recoveries						10
Allowance for loan losses Provisions			(73)			202
Allowance for loan losses Ending Balance	424		424			531
Allowance for loan losses Ending balance: individually evaluated for impairment
Allowance for loan losses Ending balance: collectively evaluated for impairment	424		424			531
Loans and Leases Receivable, Gross	55,857		55,857			53,012
Loans Ending balance: individually evaluated for impairment	11		11			12
Loans Ending balance: collectively evaluated for impairment	55,846		55,846			53,000
Equity Lines Portfolio Segment [Member]
Allowance for loan losses Beginning balance			277		423	423
Allowance for loan losses Charge- offs			(99)
Allowance for loan losses Recoveries			10			1
Allowance for loan losses Provisions			164			(147)
Allowance for loan losses Ending Balance	352		352			277
Allowance for loan losses Ending balance: individually evaluated for impairment
Allowance for loan losses Ending balance: collectively evaluated for impairment	352		352			277
Loans and Leases Receivable, Gross	29,253		29,253			26,376
Loans Ending balance: individually evaluated for impairment
Loans Ending balance: collectively evaluated for impairment	29,253		29,253			26,376
Consumer Portfolio Segment [Member]
Allowance for loan losses Beginning balance			85		65	65
Allowance for loan losses Charge- offs			(65)			(80)
Allowance for loan losses Recoveries			18			34
Allowance for loan losses Provisions			56			66
Allowance for loan losses Ending Balance	94		94			85
Allowance for loan losses Ending balance: individually evaluated for impairment
Allowance for loan losses Ending balance: collectively evaluated for impairment	94		94			85
Loans and Leases Receivable, Gross	7,723		7,723			7,531
Loans Ending balance: individually evaluated for impairment
Loans Ending balance: collectively evaluated for impairment	7,723		7,723			7,531
Unallocated Financing Receivables [Member]
Allowance for loan losses Beginning balance			87		184	184
Allowance for loan losses Charge- offs
Allowance for loan losses Recoveries
Allowance for loan losses Provisions			(50)			(97)
Allowance for loan losses Ending Balance	37		37			87
Allowance for loan losses Ending balance: individually evaluated for impairment
Allowance for loan losses Ending balance: collectively evaluated for impairment	37		37			87
Loans and Leases Receivable, Gross
Loans Ending balance: individually evaluated for impairment
Loans Ending balance: collectively evaluated for impairment
Allowance for loan losses Beginning balance			3,298	[1]	3,332	3,332
Allowance for loan losses Charge- offs			(806)			(80)
Allowance for loan losses Recoveries			73			46
Allowance for loan losses Provisions	111		979
Allowance for loan losses Ending Balance	3,544		3,544			3,298	[1]
Allowance for loan losses Ending balance: individually evaluated for impairment	17		17			17
Allowance for loan losses Ending balance: collectively evaluated for impairment	3,527		3,527			3,281
Loans and Leases Receivable, Gross	403,915		403,915			367,358
Loans Ending balance: individually evaluated for impairment	7,363		7,363			7,837
Loans Ending balance: collectively evaluated for impairment	$ 396,552		$ 396,552			$ 359,521
[1]	Derived from consolidated audited financial statements.

Note 4 - Allowance for Loan L38

Note 4 - Allowance for Loan Losses - Loans by Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Construction Loan Portfolio Segment [Member] | Residential [Member] | Pass [Member]
Loans and Leases Receivable, Gross	$ 12,630	$ 11,779
Construction Loan Portfolio Segment [Member] | Residential [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross
Construction Loan Portfolio Segment [Member] | Residential [Member] | Substandard [Member]
Loans and Leases Receivable, Gross
Construction Loan Portfolio Segment [Member] | Residential [Member] | Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross
Construction Loan Portfolio Segment [Member] | Residential [Member]
Loans and Leases Receivable, Gross	12,630	11,779
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Pass [Member]
Loans and Leases Receivable, Gross	25,157	27,429
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Substandard [Member]
Loans and Leases Receivable, Gross
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross		11
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member]
Loans and Leases Receivable, Gross	25,157	27,440
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member]
Loans and Leases Receivable, Gross	110,195	95,809
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross		4,212
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	193	247
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross	577
Real Estate Portfolio Segment [Member] | Residential [Member]
Loans and Leases Receivable, Gross	110,965	100,268
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member]
Loans and Leases Receivable, Gross	161,429	138,034
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross		1,155
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	554	1,395
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross	347	368
Real Estate Portfolio Segment [Member] | Commercial [Member]
Loans and Leases Receivable, Gross	162,330	140,952
Commercial Industrial and Agricultural Portfolio Segment [Member] | Pass [Member]
Loans and Leases Receivable, Gross	55,246	51,801
Commercial Industrial and Agricultural Portfolio Segment [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross		1,164
Commercial Industrial and Agricultural Portfolio Segment [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	600
Commercial Industrial and Agricultural Portfolio Segment [Member] | Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross	11	47
Commercial Industrial and Agricultural Portfolio Segment [Member]
Loans and Leases Receivable, Gross	55,857	53,012
Equity Lines Portfolio Segment [Member] | Pass [Member]
Loans and Leases Receivable, Gross	29,253	26,376
Equity Lines Portfolio Segment [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross
Equity Lines Portfolio Segment [Member] | Substandard [Member]
Loans and Leases Receivable, Gross
Equity Lines Portfolio Segment [Member] | Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross
Equity Lines Portfolio Segment [Member]
Loans and Leases Receivable, Gross	29,253	26,376
Consumer Portfolio Segment [Member] | Pass [Member]
Loans and Leases Receivable, Gross	7,642	7,523
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans and Leases Receivable, Gross	79
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans and Leases Receivable, Gross	2	8
Consumer Portfolio Segment [Member] | Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross
Consumer Portfolio Segment [Member]
Loans and Leases Receivable, Gross	7,723	7,531
Pass [Member]
Loans and Leases Receivable, Gross	401,552	358,751
Special Mention [Member]
Loans and Leases Receivable, Gross	79	6,531
Substandard [Member]
Loans and Leases Receivable, Gross	1,349	1,650
Substandard Nonaccrual [Member]
Loans and Leases Receivable, Gross	935	426
Loans and Leases Receivable, Gross	$ 403,915	$ 367,358

Note 5 - Foreclosed Propertie39

Note 5 - Foreclosed Properties - Foreclosed Properties Valuation Allowance (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016		Sep. 30, 2015
Balance at the beginning of the year	$ 5,657		$ 7,408
Balance at the beginning of the year	(420)	[1]	(422)
Balance at the beginning of the year	5,237	[2]	6,986
Additions	481
Additions
Additions	481
Writedowns			(140)
Writedowns			(140)
Sales	(1,444)		(138)
Sales
Sales	(1,444)		(138)
Balance at the end of the period	4,694		7,270
Balance at the end of the period	(420)		(562)
Balance at the end of the period	$ 4,274		$ 6,708
[1]	Derived from consolidated audited financial statements.
[2]	Derived from consolidated audited financial statements.

Note 5 - Foreclosed Propertie40

Note 5 - Foreclosed Properties - Classification of Other Real Estate Owned and Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015		Dec. 31, 2014
Residential Lots [Member]
Other Real Estate Owned	$ 2,409		$ 2,409		$ 2,520
Residential Development [Member]
Other Real Estate Owned	423		423		423
Commercial Lots [Member]
Other Real Estate Owned	90		90		90
Commercial Buildings [Member]
Other Real Estate Owned	1,352		1,352		2,204
Other Real Estate Owned	4,274	$ 6,708	4,274	$ 6,708	$ 5,237	[1]	$ 6,986
Net loss on sales			91
Provision for unrealized losses		140		140
Operating expenses	25	35	72	105
Total Other Real Estate Owned	$ 25	$ 175	$ 163	$ 245
[1]	Derived from consolidated audited financial statements.

Note 6 - Stock Based Compensa41

Note 6 - Stock Based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		Jul. 11, 2016	Dec. 18, 2014	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2009
Employee Stock Option [Member]
Allocated Share-based Compensation Expense				$ 58	$ 56
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 182 days
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				$ 229
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				3 years 91 days
Restricted Stock [Member]
Allocated Share-based Compensation Expense				$ 53	$ 46
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				$ 183
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		137,280				132,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized		5,280
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	[1]			11,149	9,014
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	[1]			$ 9.09	$ 7.40
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			165,000	0
Allocated Share-based Compensation Expense				$ 111	$ 102
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 2.29
Dividends, Common Stock, Stock, Percentge		4.00%
[1]	Restated for the 4% stock dividend distributed July 11, 2016.

Note 6 - Stock Based Compensa42

Note 6 - Stock Based Compensation - Stock Option Activity (Details) - 2005 Stock Option Plan [Member]	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Beginning balance, options outstanding (in shares) | shares	546,460
Beginning balance, weighted average exercise price (in dollars per share) | $ / shares	$ 8.62
Expired, options outstanding (in shares) | shares	(333,960)
Expired, weighted average exercise price (in dollars per share) | $ / shares	$ (9.09)
Forfeited, options outstanding (in shares) | shares	(6,000)
Forfeited, weighted average exercise price (in dollars per share) | $ / shares	$ (6.90)
Ending balance, options outstanding (in shares) | shares	206,500
Ending balance, weighted average exercise price (in dollars per share) | $ / shares	$ 7.90
Balance, aggregate intrinsic value | $	$ 329,700	[1]
Balance, weighted average contractual term	6 years 215 days
Exercisable, options outstanding (in shares) | shares	82,100
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 9.41
Exercisable, aggregate intrinsic value | $	$ 68,460	[1]
Exercisable, weighted average contractual term	4 years 40 days
[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 September 30, 2016.

Note 6 - Stock Based Compensa43

Note 6 - Stock Based Compensation - Restricted Stock Awards Activity (Details) - Restricted Stock [Member] - $ / shares		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Nonvested at beginning of year, shares (in shares)	[1]	39,352	39,227
Nonvested at beginning of year, weighted-average grant date fair value (in dollars per share)	[1]	$ 6	$ 5.35
Granted, shares (in shares)	[1]	11,149	9,014
Granted, weighted-average grant date fair value (in dollars per share)	[1]	$ 9.09	$ 7.40
Vested, shares (in shares)	[1]	(11,371)	(11,279)
Vested, weighted-average grant date fair value (in dollars per share)	[1]	$ 5.44	$ 5.34
Forfeited, shares (in shares)	[1]	(6,788)
Forfeited, weighted-average grant date fair value (in dollars per share)	[1]	$ 6.99
Nonvested at the end of the period, shares (in shares)	[1]	32,342	36,962
Nonvested at the end of the period, weighted-average grant date fair value (in dollars per share)	[1]	$ 7.06	$ 5.85
[1]	Restated for the 4% stock dividend distributed July 11, 2016.

Note 7 - Fair Value Measureme44

Note 7 - Fair Value Measurement (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Minimum [Member]
Federal Funds Maturity	1 day
Maximum [Member]
Federal Funds Maturity	3 days
Liabilities, Fair Value Disclosure, Nonrecurring	$ 0	$ 0

Note 7 - Fair Value Measureme45

Note 7 - Fair Value Measurement - Fair Value of Financial Assets and Liabililties Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	13,005	17,019
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value
US Government Agencies Debt Securities [Member]
Securities available for sale, at fair value	13,005	17,019
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	21,011	18,190
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities available for sale, at fair value	21,011	18,190
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	3,812
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value
Corporate Debt Securities [Member]
Securities available for sale, at fair value	3,812
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale, at fair value
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale, at fair value	16,257	17,335
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale, at fair value
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale, at fair value	16,257	17,335
Securities available for sale, at fair value	$ 54,085	$ 52,544	[1]
[1]	Derived from consolidated audited financial statements.

Note 7 - Fair Value Measureme46

Note 7 - Fair Value Measurement - Fair Value of Financial Assets and Liabililties Measure on Non-recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015		Sep. 30, 2015	Dec. 31, 2014
Fair Value, Inputs, Level 1 [Member]
Impaired loans, net of valuation allowance
Loans held for sale
Other Real Estate Owned
Fair Value, Inputs, Level 2 [Member]
Impaired loans, net of valuation allowance
Loans held for sale	294	1,643
Other Real Estate Owned		1,300
Fair Value, Inputs, Level 3 [Member]
Impaired loans, net of valuation allowance	102	110
Loans held for sale
Other Real Estate Owned	4,274	3,937
Impaired loans, net of valuation allowance	102	110
Loans held for sale	294	1,643	[1]
Other Real Estate Owned	$ 4,274	$ 5,237	[1]	$ 6,708	$ 6,986
[1]	Derived from consolidated audited financial statements.

Note 7 - Fair Value Measureme47

Note 7 - Fair Value Measurement - Fair Value Quantitative Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Impaired Loans [Member] | Discounted Appraised Value [Member] | Minimum [Member]
Impaired loans	6.00%	6.00%
	4.00%	4.00%
Impaired Loans [Member] | Discounted Appraised Value [Member] | Maximum [Member]
Impaired loans	6.00%	6.00%
	4.00%	9.00%
Impaired Loans [Member] | Discounted Appraised Value [Member] | Weighted Average [Member]
Impaired loans	6.00%	6.00%
	4.00%	8.00%
Impaired Loans [Member] | Discounted Appraised Value [Member]
Impaired loans	$ 102	$ 110
Other Real Estate Owned [Member] | Discounted Appraised Value [Member] | Minimum [Member]
Impaired loans	6.00%	6.00%
Other Real Estate Owned [Member] | Discounted Appraised Value [Member] | Maximum [Member]
Impaired loans	6.00%	6.00%
Other Real Estate Owned [Member] | Discounted Appraised Value [Member] | Weighted Average [Member]
Impaired loans	6.00%	6.00%
Other Real Estate Owned [Member] | Discounted Appraised Value [Member]
Other real estate owned	$ 1,735	$ 1,735
Other Real Estate Owned [Member] | Internal Evaluations [Member] | Minimum [Member]
	3.00%	4.00%
Other Real Estate Owned [Member] | Internal Evaluations [Member] | Maximum [Member]
	38.00%	39.00%
Other Real Estate Owned [Member] | Internal Evaluations [Member] | Weighted Average [Member]
	19.00%	21.00%
Other Real Estate Owned [Member] | Internal Evaluations [Member]
Other real estate owned	$ 2,539	$ 2,202

Note 7 - Fair Value Measureme48

Note 7 - Fair Value Measurement - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Reported Value Measurement [Member]
Cash and due from banks	$ 21,264	$ 28,745
Federal funds sold	1,033	1,329
Available-for-sale securities, fair value	54,085	52,544
Restricted equity securities	2,213	2,535
Loans held for sale	294	1,643
Loans, net	400,371	364,060
Bank owned life insurance	7,418	6,285
Accrued income	2,076	2,057
Total deposits	439,994	399,546
FHLB borrowings	9,000	22,000
Subordinated notes	7,217	7,194
Other borrowings	1,126	2,361
Accrued interest payable	598	372
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and due from banks	20,514	26,995
Federal funds sold	1,033	1,329
Available-for-sale securities, fair value
Restricted equity securities
Loans held for sale
Loans, net
Bank owned life insurance
Accrued income
Total deposits
FHLB borrowings
Subordinated notes
Other borrowings
Accrued interest payable
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and due from banks	755	1,767
Federal funds sold
Available-for-sale securities, fair value	54,085	52,544
Restricted equity securities	2,213	2,535
Loans held for sale	294	1,643
Loans, net
Bank owned life insurance	7,418	6,285
Accrued income	2,076	2,057
Total deposits	440,207	400,117
FHLB borrowings	9,109	22,191
Subordinated notes	7,770	7,354
Other borrowings	1,126	2,361
Accrued interest payable	598	372
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and due from banks
Federal funds sold
Available-for-sale securities, fair value
Restricted equity securities
Loans held for sale
Loans, net	402,625	362,440
Bank owned life insurance
Accrued income
Total deposits
FHLB borrowings
Subordinated notes
Other borrowings
Accrued interest payable
Estimate of Fair Value Measurement [Member]
Cash and due from banks	21,269	28,762
Federal funds sold	1,033	1,329
Available-for-sale securities, fair value	54,085	52,544
Restricted equity securities	2,213	2,535
Loans held for sale	294	1,643
Loans, net	402,625	362,440
Bank owned life insurance	7,418	6,285
Accrued income	2,076	2,057
Total deposits	440,207	400,117
FHLB borrowings	9,109	22,191
Subordinated notes	7,770	7,354
Other borrowings	1,126	2,361
Accrued interest payable	598	372
Available-for-sale securities, fair value	$ 54,085	$ 52,544	[1]
[1]	Derived from consolidated audited financial statements.

Note 8 - Reclassifications Ou49

Note 8 - Reclassifications Out of Other Comprehensive Income - Items Reclassified to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Realized gains on sales of securities held for sale during the period consider available for sale	$ 43	$ 12	$ 257	$ 52
Tax expense related to realized gains on securities sold	15	4	87	18
	28	8	170	34
Tax expense related to realized gains on securities sold	416	381	1,203	1,108
	$ 903	$ 855	$ 1,928	$ 2,494

Note 9 - Earnings Per Common 50

Note 9 - Earnings Per Common Share (Details Textual)	Jul. 11, 2016
Dividends, Common Stock, Stock, Percentge	4.00%

Note 9 - Earnings Per Common 51

Note 9 - Earnings Per Common Share - Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015		Sep. 30, 2016	Sep. 30, 2015
Earnings per common share, basic (in shares)	5,763,944	3,428,085	[1],[2]	4,279,821	3,426,467	[1],[2]
Earnings per common share, basic	$ 903	$ 645		$ 1,520	$ 1,864
Earnings per common share, basic (in dollars per share)	$ 0.16	$ 0.19	[1],[2]	$ 0.36	$ 0.54	[1],[2]
Series C Preferred Stock Dividends		$ 210		$ 408	$ 630
Convertible preferred stock (in shares)		2,369,600	[1]	1,486,669	2,329,600	[1]
Convertible preferred stock (in dollars per share)		$ (0.04)	[1]	$ (0.10)	$ (0.11)	[1]
Dilutive stock options (in shares)	10,142			10,142
Earnings per common share, diluted (in shares)	5,774,086	5,757,685	[1],[2]	5,776,632	5,756,067	[1],[2]
Earnings per common share, diluted	$ 903	$ 855		$ 1,520	$ 2,494
Earnings per common share, diluted (in dollars per share)	$ 0.16	$ 0.15	[1],[2]	$ 0.26	$ 0.43	[1],[2]
[1]	Restated for 4% common stock dividend distributed July 11, 2016.
[2]	Restated for the 4% stock dividend distributed July 11, 2016