0000000000-18-028099.txt : 20181018 0000000000-18-028099.hdr.sgml : 20181018 20180911113122 ACCESSION NUMBER: 0000000000-18-028099 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180911 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Bank7 Corp. CENTRAL INDEX KEY: 0001746129 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 200764349 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 1039 NW 63RD STREET CITY: OKLAHOMA CITY STATE: OK ZIP: 73116 BUSINESS PHONE: 405-810-8600 MAIL ADDRESS: STREET 1: 1039 NW 63RD STREET CITY: OKLAHOMA CITY STATE: OK ZIP: 73116 PUBLIC REFERENCE ACCESSION NUMBER: 0001140361-18-036917 LETTER 1 filename1.pdf begin 644 filename1.pdf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Registration Statement on Form S-1 Filed on August 24, 2018 File No. 333-227010 Dear Mr. Travis: We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Form S-1 filed August 24, 2018 Unaudited Pro Forma Condensed Financial Information, page 18 1. Reference is made to notes (1) and (2) of the unaudited pro forma condensed statements of income appearing on pages 18-19. Please revise the notes to remove the reference to the securitization transaction. 2. Please expand the unaudited pro forma condensed statements of income to include a line item titled Income before income tax expense. 3. You calculated a provision for income taxes using a combined effective tax rate for Federal and Oklahoma income taxes of 40% for the year ended December 31, 2017 and Thomas Travis Bank7 Corp. September 7, 2018 Page 2 for the six-month period ended June 30, 2018. Please tell us how you computed this provision since the Federal tax rate is 21% and the state tax rate in Oklahoma is approximately 5%. Capitalization, page 50 4. Reference is made to note (4) of the Capitalization Table regarding the ratio of Non-owner occupied CRE/total capital. Please revise the note to remove the assumption that an amount of the net proceeds from the offering will be contributed to the bank consistent with the disclosure under the title Use of Proceeds that the company has no plans to contribute net proceeds from the offering to the bank. Financial Statements Notes to Consolidated Financial Statements (Unaudited) ., page F-46 5. Please include a subsequent events footnote to the consolidated financial statements to reflect the board of directors approval of a special one-time equity grant under the company's 2018 Equity Incentive Plan pursuant to AS 2801. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Christina Harley at 202-551-3695 or Gus Rodriguez at 202-551-3752 if you have questions regarding comments on the financial statements and related matters. Please contact Jessica Livingston at 202-551-3448 or Michael Clampitt at 202-551-3434 with any other questions. FirstName LastNameThomas Travis Sincerely, Comapany NameBank7 Corp. Division of Corporation Finance September 7, 2018 Page 2 Office of Financial Services FirstName LastName