XML 25 R10.htm IDEA: XBRL DOCUMENT v3.6.0.2
RESTRICTIONS ON CASH AND DUE FROM BANKS
12 Months Ended
Dec. 31, 2016
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 totaled $4,371,000 and $1,265,000 at December 31, 2016 and 2015.
The balances with these correspondent banks, at times, exceed federally insured limits; however the Company considers this to be a normal business risk. The Company reviews the correspondent banks' financial condition on a quarterly basis.