|3 Months Ended|
Mar. 31, 2018
|Subsequent Events [Abstract]|
NOTE 13. SUBSEQUENT EVENTS
On May 3, 2018, the Company completed its initial public offering of 2,300,000 shares of its common stock at a price of $21.00 per share, which included 300,000 shares pursuant to the full exercise by the underwriters of their option to purchase additional shares of common stock from the Company. Proceeds from this offering, net of underwriting discounts and estimated offering expenses payable by the Company are estimated to be $42.6 million. We intend to use the net proceeds to support our organic growth and for general corporate purposes, including maintenance of our required regulatory capital and potential future acquisition opportunities, and to repay certain outstanding indebtedness.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef