Note 2 - Acquisition
|12 Months Ended|
Dec. 31, 2017
|Notes to Financial Statements|
|Business Combination Disclosure [Text Block]||
January 31, 2015,the Company completed its acquisition of Metro Bancshares, Inc. (“Metro”) and Metro Bank, Metro’s wholly-owned bank subsidiary, for an aggregate of
$20.9million in cash and
1,273,184shares of Company common stock. The acquisition of Metro was the Company’s entrance into the greater Atlanta, Georgia area with
twoadded banking offices.
The estimated fair value of the purchased credit impaired loans acquired in the Metro transaction on
January 31, 2015was
$5.1million, which amount is immaterial to the Company’s consolidated financial statements.
Pro forma financial information is
notprovided because such amounts are immaterial to the Company’s consolidated financial statements.
The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).
Reference 1: http://www.xbrl.org/2003/role/presentationRef