XML 26 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Restrictions On Cash
12 Months Ended
Dec. 31, 2020
Restrictions On Cash [Abstract]  
Restrictions On Cash

Note 3 - Restrictions on cash

To comply with Federal Reserve regulations, the Bank is required to maintain certain average cash reserve balances. The daily average cash reserve requirements were approximately $0 and $15,716 for the weeks including December 31, 2020 and 2019, respectively.  The Federal Reserve announced they were reducing the reserve requirement ratio to zero percent across all deposit tiers as of March 26, 2020. This comes as the COVID-19 pandemic continues to impact much of the way financial institutions both operate and serve their customers.