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DIVIDEND REINVESTMENT PLAN
12 Months Ended
Dec. 31, 2016
DIVIDEND REINVESTMENT PLAN  
DIVIDEND REINVESTMENT PLAN

NOTE 18 — DIVIDEND REINVESTMENT PLAN

The Company maintains an Automatic Dividend Reinvestment Plan. The plan enables shareholders to elect to have their cash dividends on all or a portion of shares held automatically reinvested in additional shares of the Company’s common stock. The stock is purchased by the Company’s transfer agent on the open market and credited to participant accounts at fair market value. Dividends are reinvested on a quarterly basis.