RESTRICTION ON CASH AND DUE FROM BANKS |
12 Months Ended |
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Dec. 31, 2016 | |
| RESTRICTION ON CASH AND DUE FROM BANKS | |
| RESTRICTION ON CASH AND DUE FROM BANKS |
NOTE 3 — RESTRICTION ON CASH AND DUE FROM BANKS The Bank is required to maintain reserve funds in cash or on deposit with the Federal Reserve Bank. The reserves required at December 31, 2016 and 2015 were $33,844 and $23,957. The Company had no compensating balance requirements at December 31, 2016 and 2015.
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