XML 38 R15.htm IDEA: XBRL DOCUMENT v3.19.3
8. Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]  
8. Subsequent Events

The Company has reviewed and evaluated subsequent events and transactions for material subsequent events through the date the financial statements are issued. Management has concluded that there were no material subsequent events other than the event noted below.

 

On October 17, 2019, the Board of Directors of the Company approved a $5 million redemption of the Company's outstanding trust preferred securities in December 2019. Notification of this redemption was sent to the Trustee on October 31, 2019. Security holders will be notified at least 30 days prior to the redemption date.