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Restricted Cash Balances
12 Months Ended
Dec. 31, 2020
Restricted Cash Balances [Abstract]  
Restricted Cash Balances Note 3. Restricted Cash Balances

In March 2020, the Federal Reserve reduced the reserve requirement on the Bank’s deposit liabilities to 0%. Prior to this change the Bank was required to hold reserves against its deposit liabilities in the form of vault cash and/or balances with the Federal Reserve Bank. The Bank was not required to hold any reserves at December 31, 2020 and held $10.1 million in reserves at December 31, 2019, which was satisfied by the Bank’s vault cash and balances held at the Federal Reserve.