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Restrictions on Cash and Due From Banks
12 Months Ended
Dec. 31, 2021
Cash And Cash Equivalents [Abstract]  
Restrictions on Cash and Due From Banks

Note 3.Restrictions on Cash and Due From Banks

The Bank was previously required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank, based on a percentage of deposits. Effective March 26, 2020, the Federal Reserve Board eliminated reserve requirement for depository institutions to support lending to households and businesses.

Cash and cash equivalents include Mortgage World restricted cash which consists of escrows on unsold mortgages that are held on behalf of borrowers and good faith deposits received from commercial loan customers relating to the closing of a commercial loan. As of December 31, 2021 and 2020, the total amount of restricted cash was $70,000 and $150,000, respectively, and were reflected within cash and cash equivalents on the consolidated statements of financial condition.