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Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events  
Subsequent Events

Note 21 – Subsequent Events

In June 2019, the Board of Directors approved and reset the number of shares available to be repurchased to 2,000,000 common shares under the 2019 Stock Repurchase Program (“Repurchase Program”). As of September 30, 2019, we had repurchased 1,000,000 of the 2,000,000 shares authorized by the Board of Directors in June 2019. In October 2019, we repurchased an additional 165,000 shares of our common stock at an average price of $74.88 per share (includes cost of commission) for a total of $12.4 million. We may repurchase up to an additional 835,000 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 June 6, 2020 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.