HomeTown Bankshares Corporation (HMTA) financial statements (2022 and earlier)

Company profile

Business Address
,
State of Incorp. VA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,77121,71418,22928,74513,79519,5379,812
Cash and cash equivalents22,77121,71418,22928,74513,79519,5379,812
Disposal group, including discontinued operation    242  
Prepaid expense and other current assets5
Total current assets:22,77121,71418,22928,74514,03719,5379,817
Noncurrent Assets
Property, plant and equipment12,94312,93713,37114,00814,90012,1559,754
Total noncurrent assets:12,94312,93713,37114,00814,90012,1559,754
Other undisclosed assets529,264515,602485,690436,632399,272370,745350,880
TOTAL ASSETS:564,978550,253517,290479,385428,209402,437370,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1,5581,1172,361422258216
Total current liabilities: 1,5581,1172,361422258216
Noncurrent Liabilities
Other undisclosed liabilities511,279497,803467,948430,633384,562362,641333,516
Total liabilities:511,279499,361469,065432,994384,984362,899333,732
Stockholders' equity
Stockholders' equity attributable to parent, including:53,35050,38347,78946,01743,22539,53836,719
Preferred stock      10,374
Common stock28,90928,77728,76516,80116,43816,35116,167
Additional paid in capital18,22817,98017,83315,48415,31015,33915,487
Accumulated other comprehensive income (loss)(811)(141)(56)396455(599)1,420
Retained earnings (accumulated deficit)7,0243,7671,247443(2,271)(4,846)(6,587)
Other undisclosed stockholders' equity attributable to parent   12,89313,29313,293(142)
Stockholders' equity attributable to noncontrolling interest349509436374   
Total stockholders' equity:53,69950,89248,22546,39143,22539,53836,719
TOTAL LIABILITIES AND EQUITY:564,978550,253517,290479,385428,209402,437370,451

Income statement (P&L) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues22,49023,07821,62419,55433,28216,03015,619
Net investment income22,49020,66919,17417,70132,028  
Financial services revenue2,4092,4501,8531,25416,03015,619
Cost of revenue(561)(1,142)(1,082)  (125)(1,408)
Provision for loan, lease, and other losses(561)
Financial services costs(1,142)(1,082)  (125)(1,408)
Gross profit:21,92921,93620,54219,55433,28215,90514,211
Operating expenses(3,313)(10,537)(8,905)(8,462)(8,023)(6,137)(5,607)
Operating income:18,61611,39911,63711,09225,2599,7688,604
Nonoperating income (expense)(334)(581)(495)(346)277(582)(566)
Investment income, nonoperating    163  
Gains (losses) on sales of other real estate(334)(581)(495)(346)10(582)(566)
Bank owned life insurance income    104  
Interest and debt expense(3,700)(3,046)(3,018)(2,311)(2,118)(2,222)(2,739)
Other undisclosed loss from continuing operations before equity method investments, income taxes(9,739)(3,975)(4,103)(3,229)(18,416)(2,895)(2,776)
Income from continuing operations before income taxes:4,8433,7974,0215,2065,0024,0692,523
Income tax expense (benefit)(845)(1,228)(1,440)(1,595)(1,587)(1,340)2,073
Net income:3,9982,5692,5813,6113,4152,7294,596
Net loss attributable to noncontrolling interest(44)(73)(62)(57)   
Net income attributable to parent:3,9542,4962,5193,5543,4152,7294,596
Preferred stock dividends and other adjustments  (408)(840)(840)(846)(534)
Other undisclosed net loss available to common stockholders, basic     (142)(75)
Net income available to common stockholders, basic:3,9542,4962,1112,7142,5751,7413,987
Other undisclosed net income available to common stockholders, diluted   840840390 
Net income available to common stockholders, diluted:3,9542,4962,1113,5543,4152,1313,987

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:3,9982,5692,5813,6113,4152,7294,596
Other comprehensive income (loss)(670)(61)(452)(59)1,054(2,019)341
Comprehensive income:3,3282,5082,1293,5524,4697104,937
Comprehensive loss, net of tax, attributable to noncontrolling interest(44)(73)(62)(57)   
Comprehensive income, net of tax, attributable to parent:3,2842,4352,0673,4954,4697104,937

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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