Attached files
| file | filename |
|---|---|
| EX-99.3 - EXHIBIT 99.3 - GUARANTY FEDERAL BANCSHARES INC | ex_116299.htm |
| EX-99.1 - EXHIBIT 99.1 - GUARANTY FEDERAL BANCSHARES INC | ex_116313.htm |
| EX-23.1 - EXHIBIT 23.1 - GUARANTY FEDERAL BANCSHARES INC | ex_116312.htm |
| 8-K/A - FORM 8-K/A - GUARANTY FEDERAL BANCSHARES INC | gfed20180612_8ka.htm |
Exhibit 99.2
|
Hometown Bancshares, Inc. |
||||
|
Condensed Consolidated Balance Sheets |
||||
|
March 31, 2018 (Unaudited) and December 31, 2017 |
||||
|
(Dollars in Thousands) |
|
March 31, |
December 31, |
|||||||
|
2018 |
2017 |
|||||||
|
Assets |
||||||||
|
Cash and Due From Banks |
$ | 7,083 | $ | 4,322 | ||||
|
Investment Securities |
7,521 | 8,514 | ||||||
|
Loans |
150,390 | 151,522 | ||||||
|
Allowance for Loan Losses |
(2,348 | ) | (2,329 | ) | ||||
|
Net Loans |
148,042 | 149,193 | ||||||
|
Fixed Assets |
9,268 | 9,396 | ||||||
|
Foreclosed Assets held for sale |
1,647 | 1,592 | ||||||
|
Other Assets |
4,146 | 2,328 | ||||||
|
Total Assets |
$ | 177,707 | $ | 175,345 | ||||
|
Liabilities |
||||||||
|
Deposits |
161,001 | 151,818 | ||||||
|
Federal Home Loan Bank advances |
2,000 | 10,000 | ||||||
|
Securities Sold Under Agreements to Repurchase |
2,159 | 977 | ||||||
|
Other borrowings |
3,000 | 3,000 | ||||||
|
Subordinated debentures |
6,186 | 6,186 | ||||||
|
Other Liabilities |
2,003 | 1,782 | ||||||
|
Total Liabilities |
176,349 | 173,763 | ||||||
|
Stockholders' Equity |
||||||||
|
Common Stock |
231 | 231 | ||||||
|
Capital Surplus |
18,936 | 18,936 | ||||||
|
Accumulated Deficit |
(17,587 | ) | (17,425 | ) | ||||
|
Accumulated Other Comprehensive Loss |
(222 | ) | (160 | ) | ||||
|
Total Stockholders' Equity |
1,358 | 1,582 | ||||||
|
Total Liabilities and Stockholders' Equity |
$ | 177,707 | $ | 175,345 | ||||
|
Hometown Bancshares, Inc. |
||||
|
Condensed Consolidated Statement of Operations (Unaudited) |
||||
|
For the Three Months Ended March 31, 2018 and 2017 |
||||
|
(Dollars in Thousands) |
|
2018 |
2017 |
|||||||
|
Interest Income |
||||||||
|
Loans |
$ | 1,703 | $ | 1,525 | ||||
|
Investments and other |
50 | 60 | ||||||
|
Total Interest Income |
1,753 | 1,585 | ||||||
|
Interest Expense |
||||||||
|
Deposits |
$ | 156 | 126 | |||||
|
Federal Home Loan Bank advances |
23 | 70 | ||||||
|
Subordinated debentures and other |
173 | 139 | ||||||
|
Total interest expense |
352 | 335 | ||||||
|
Net interest income |
1,401 | 1,250 | ||||||
|
Provision for loan losses |
- | - | ||||||
|
Net interest income after provision for loan losses |
1,401 | 1,250 | ||||||
|
Non interest income |
||||||||
|
Service charges |
92 | 103 | ||||||
|
Gain on sale of loans |
35 | 49 | ||||||
|
Other income |
174 | 229 | ||||||
| 301 | 381 | |||||||
|
Non interest expense |
||||||||
|
Salaries and employee benefits |
939 | 940 | ||||||
|
Occupancy |
324 | 308 | ||||||
|
Data processing |
168 | 160 | ||||||
|
Other expense |
434 | 330 | ||||||
| 1,865 | 1,738 | |||||||
|
Loss before income taxes |
(163 | ) | (107 | ) | ||||
|
Provision for income taxes |
- | - | ||||||
|
Net loss |
$ | (163 | ) | $ | (107 | ) | ||