EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2017

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

NOTE 20 — EMPLOYEE BENEFIT PLANS

The Company has a defined‑contribution retirement plan in which substantially all employees may participate. The Company matches funds contributed by employees at $0.80 of every dollar contributed to the Company’s 401(k) Plan, up to the first 8.0% of each employee’s salary, and makes additional contributions based on employee compensation and the overall profitability of the Company. Expense was $3,623 in 2017, $2,535 in 2016, and $2,895 in 2015 which included an additional contribution in 2017, 2016 and 2015 based on the overall profitability of the Company.