XML 25 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
RESTRICTIONS ON CASH AND DUE FROM BANKS
12 Months Ended
Dec. 31, 2017
Cash and Cash Equivalents [Abstract]  
RESTRICTIONS ON CASH AND DUE FROM BANKS
RESTRICTIONS ON CASH AND DUE FROM BANKS
Cash on hand or on deposit with the Federal Reserve Bank or other correspondent banks, totaling $1,395,000 and $4,371,000 at December 31, 2017 and 2016, was required to meet regulatory reserve and clearing requirements.
Balances with correspondent banks may, at times, exceed federally insured limits; however the Company considers this to be a normal business risk. The Company reviews correspondent banks' financial condition on a quarterly basis.