Commitments and Contingent Liabilities

12 Months Ended

Dec. 31, 2015

Commitments and Contingent Liabilities [Abstract]

Commitments and Contingent Liabilities

Note 9 – Commitments and Contingent Liabilities

In the normal course of business, there are various outstanding commitments and contingent liabilities, which are not reflected in the accompanying consolidated financial statements. The Company does not anticipate any material loss as a result of these transactions.

As a member of the Federal Reserve System, the Company is required to maintain certain average clearing balances. Those balances include amounts on deposit with the Federal Reserve. For the final weekly reporting period in the years ended December 31, 2015 and December 31, 2014, no daily average required balances were required for either year.