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Restrictions On Cash And Due From Banks
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12 Months Ended |
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Dec. 31, 2014
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| Restrictions On Cash And Due From Banks [Abstract] | |
| Restrictions On Cash And Due From Banks | NOTE 2-Restrictions on Cash and Due from Banks
The Bank is required to maintain average reserves, in the form of cash and balances with the Federal Reserve Bank, against its deposit liabilities. In 2014 and 2013, the reserves were met with vault cash. The Bank is also required to maintain compensating balances with certain correspondent banks, which totaled $75,000 at December 31, 2014 and 2013.
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