Note 13 - Preferred Stock and Common Stock

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Preferred Stock [Text Block]

(

13

) Preferred Stock and Common Stock

Bancorp has a class of preferred stock (

no

par value;

1,000,000

shares authorized); the relative rights, preferences and other terms of the class or any series within the class will be determined by the Board of Directors prior to any issuance.

None

of this stock has been issued to date.

At Bancorp’s

2015

Annual Meeting of Shareholders, shareholders approved increasing the number of authorized common shares from

20,000,000

to

40,000,000.