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RESTRICTED CASH AND DUE FROM BANKS
12 Months Ended
Dec. 31, 2020
RESTRICTED CASH AND DUE FROM BANKS  
RESTRICTED CASH AND DUE FROM BANKS

NOTE 2 – RESTRICTED CASH AND DUE FROM BANKS

The Federal Reserve Bank required the Bank to maintain balances on reserve of $23,100,000 as of December 31, 2019. There was no reserve requirement by the Federal Reserve Bank as of December 31, 2020.