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RESTRICTIONS ON CASH AND DUE FROM BANKS
12 Months Ended
Dec. 31, 2015
Cash and Cash Equivalents [Abstract]  
RESTRICTIONS ON CASH AND DUE FROM BANKS
RESTRICTIONS ON CASH AND DUE FROM BANKS
The Company maintains deposit balances at two correspondent banks which provide check collection and item processing services for the Company. The average balances that are to be maintained either on hand or with the correspondent banks amounted to $1,265,000 and $600,000 at December 31, 2015 and 2014.
The balances with these correspondent banks, at times, exceed federally insured limits; however management considers this to be a normal business risk. Management reviews the correspondent banks' financial condition on a quarterly basis.