Note 3 - Cash and Due from Banks

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

NOTE

3

-

Cash

and

Due

fromBanks

Under Regulation D, savings institutions are generally required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank, based upon a percentage of deposits. The Company was required to maintain reserve balances on deposit with the Federal Reserve Bank of

$

0

as of both

December 31, 2018

and

2017.

In the normal course of business, the Company maintains cash and due from bank balances with correspondent banks. Balances in these accounts

may

exceed the Federal Deposit Insurance Corporation's insured limit of

$250.

Management believes these financial institutions have strong credit ratings and that the credit risk related to these deposits is minimal.