Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events

Subsequent Events

Note 21 – Subsequent Events

On January 25, 2019, the Board of Directors approved and reset the number of shares available to be repurchased to 1,000,000 common shares under the 2019 Stock Repurchase Program (“Repurchase Program”).  In the first quarter of 2019, we repurchased 500,000 shares at an average price of $66.53 a share for a total of $33.3 million in common stock.  In May 2019, we repurchased an additional 250,000 shares at an average price of $75.15 a share for a total of $18.8 million in common stock.  We may repurchase up to an additional 250,000 shares of common stock under the Repurchase Program. We are not obligated to repurchase any additional shares under the Repurchase Program, and any repurchases under the Repurchase Program after December 23, 2019 would require additional Federal Reserve approval.

We have evaluated subsequent events for accounting and disclosure purposes through the date the financial statements are issued and have determined that there is no additional disclosure necessary.