Annual report pursuant to Section 13 and 15(d)

Note 15 - Common Stock

v3.8.0.1
Note 15 - Common Stock
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
NOTE
15.
COMMON STOCK
 
On
November 16, 2016,
the Company declared a
two
-for-
one
split of its common stock in the form of a stock dividend. On
December 20, 2016,
stockholders of record as of the close of business on
December 5, 2016
received a distribution of
one
additional share of Company common stock for each common share owned. All share and per share amounts for all periods presented are reported giving effect to this
two
-for-
one
stock split and the
three
-for-
one
stock split described below.
 
On
January 31, 2015,
the Company completed its acquisition of Metro Bancshares, Inc. and Metro Bank, its wholly-owned bank subsidiary, for an aggregate of
$20.9
million in cash and
1,273,184
shares of Company common stock.
 
On
June 16, 2014,
the Company declared a
three
-for-
one
split of its common stock in the form of a stock dividend. On
July 16, 2014,
stockholders of record as of the close of business on
July 9, 2014
received a distribution of
two
additional shares of Company common stock for each common share owned.
 
On
May 19, 2014,
the Company completed its initial public offering of
3,750,000
shares of common stock at a public offering price of
$15.167
per share. The Company received net proceeds of approximately
$52.1
million from the offering, after deducting the underwriting discount and offering expenses.