RESTRICTIONS ON CASH AND DUE FROM BANKS

12 Months Ended

Dec. 31, 2016

Restriction On Cash And Due From Banks [Abstract]

Restriction On Cash And Due From Banks [Text Block]

NOTE 2 – RESTRICTIONS ON CASH AND DUE FROM BANKS

Banks are required to maintain reserve funds in cash or on deposit with the Federal Reserve Bank. The reserve required at December 31, 2016 and 2015 were $1,267,000 and $482,000, respectively, and is included in cash and cash equivalents in the consolidated balance sheets.