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Dividend Reinvestment Plan
12 Months Ended
Dec. 31, 2017
Dividend Reinvestment Plan [Abstract]  
Dividend Reinvestment Plan

Note 16 – Dividend Reinvestment Plan



The Company has in effect a Dividend Reinvestment Plan (DRIP) which provides an automatic conversion of dividends into common stock for enrolled shareholders. The Company may issue common shares to the DRIP or purchase common shares on the open market. Common shares are purchased on the open market at a price that based on the weighted average price of all shares purchased by the broker-dealer on the open market from each aggregate order placed by the Plan Administrator.

The DRIP was not in effect in 2016.  In 2017, all shares purchased through the DRIP were purchased on the open market and consequently the Company issued no common shares to the DRIP during the year ended December 31, 2017.