Restrictions on Cash and Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2019

Cash and Cash Equivalents [Abstract]

Restrictions on Cash and Cash and Cash Equivalents

The Company is required to maintain cash on hand or on deposit with the Federal Reserve Bank based on the amount of certain customer deposits, mainly checking accounts. The Bank’s average required reserve balances were $68.4 million and $72.3 million as of December 31, 2019, and December 31, 2018, respectively.

The following table provides a reconciliation of cash and cash equivalents reported within the consolidated statements of condition that sum to the total of the same such amounts shown in the consolidated statements of cash flows:

(dollars in thousands)	December 31, 2019		December 31, 2018
Interest-Bearing Deposits in Other Banks	$	4,979	$	3,028
Funds Sold	254,574		198,860
Cash and Due From Banks	299,105		324,081
Total Cash and Cash Equivalents	$	558,658	$	525,969