Note 16 - Subsequent Events

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Subsequent Events [Text Block]

(

16

) Subsequent Events

On

October 22, 2018,

the Bank completed its purchase of the Albany, Georgia branch of Planters First Bank. The purchase included approximately

$12.0

million in deposits and

$20.7

million in loans. In addition, the Company purchased a vacant lot owned by Planters First Bank in Albany for

$725

thousand, on which it plans to build a new branch office. The Company is currently evaluating all fair value adjustments related to loans, premises, and interest-bearing deposits.

On

October 10, 2018,

several of the Bank’s geographic markets were impacted by Hurricane Michael. Several branches within these markets had minimal damage from the hurricane. Currently, the Bank is assessing this impact with its customers and especially the collectability of any loans impacted by the hurricane.