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Note 2 - Restriction on Cash and Due From Banks
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]

(2)          RESTRICTION ON CASH AND DUE FROM BANKS

 

Previously, the Bank was required to maintain reserve balances on hand and with the Federal Reserve Bank (“FRB”). However, the FRB Board set the reserve requirement to 0% effective March 26, 2020. The average amount of required reserve balances for the years ended December 31, 2020 and 2019 was approximately $492,000 and $1.9 million, respectively.