HomeTown Bank didn’t make as much money last year as in 2015, but a recap of 2016 results shows a leap in lending.
Fourth quarter profit fell nearly 31 percent from the same period the year before, while annual profit slid 22 percent, according to a news release.
But lending rose during the year by 14 percent, or about three times the rate of growth in the Roanoke market as a whole, according to Chief Financial Officer Vance Adkins.
“We had a lot of very positive things during the year that are kind of getting muddled, overshadowed by a few large events with negative impacts,” Adkins said.
