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Note 3 - Cash and Due from Banks
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]
Note
3
- Cash and Due from Banks
 
Regulation D of the Federal Reserve Act requires that banks maintain noninterest reserve balances with the Federal Reserve Bank based principally on the type and amount of their deposits. During
2016,
the Bank maintained balances at the Federal Reserve sufficient to meet reserve requirements, as well as significant excess reserves. Late in
2008,
the Federal Reserve in connection with the Emergency Economic Stabilization Act of
2008
began paying a nominal amount of interest on balances held, which interest on excess reserves was increased under provisions of the Dodd Frank Wall Street Reform and Consumer Protection Act passed in
July
2010.
 
Additionally, the Bank maintains interest-bearing balances with the Federal Home Loan Bank of Atlanta and noninterest bearing balances with domestic correspondent banks as compensation for services they provide to the Bank.