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RESTRICTIONS ON CASH AND DUE FROM BANKS
12 Months Ended
Dec. 31, 2019
Restricted Cash and Investments [Abstract]  
RESTRICTIONS ON CASH AND DUE FROM BANKS
RESTRICTIONS ON CASH AND DUE FROM BANKS
In return for services obtained through correspondent banks, the Corporation is required to maintain non-interest bearing cash balances in those correspondent banks. At December 31, 2019 and 2018, compensating balances approximated $2,276,000 and $1,880,000, respectively. During 2019 and 2018, average compensating balances approximated $2,228,000 and $2,073,000, respectively. All compensating balances are met by vault cash.