Public Stock Offering

9 Months Ended

Sep. 30, 2017

Text Block [Abstract]

Public Stock Offering

(10) Public Stock Offering

During the second quarter of 2017, the Company completed a public offering of 1,090,908 shares of the Company’s common stock at a price to the public of $16.50 per share for net proceeds to the Company of approximately $17.0 million. The Company plans to use the net proceeds to fund general corporate purposes, including maintaining liquidity and continuing support of the bank. Net proceeds may also be used for branching or acquisition opportunities in the North Florida, South Georgia, and South Alabama markets.