Note 2 - Cash and Due From Banks

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

NOTE

2

— CASH AND DUE FROM BANKS

Cash and due from banks includes balances with the Federal Reserve Bank and other correspondent banks. The Company is required to maintain specified reserves by the Federal Reserve Bank. The average reserve requirements are based on a percentage of the Company’s deposit liabilities. In addition, the Federal Reserve Bank requires the Company to maintain a certain minimum balance at all times. As of

December 31, 2017

and

2016,

the Company had a balance of

$64,076,000

and

$41,165,000,

respectively, which exceeds the reserve requirement.