Restrictions on Cash and Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2020

Cash And Cash Equivalents [Abstract]

Restrictions on Cash and Cash and Cash Equivalents

Note 2.  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.  There was no required reserve balance as of December 31, 2020.  The Bank’s average required reserve balances was $68.4 million as of December 31, 2019.

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, 2020		December 31, 2019
Interest-Bearing Deposits in Other Banks	$	1,646	$	4,979
Funds Sold		333,022		254,574
Cash and Due From Banks		279,420		299,105
Total Cash and Cash Equivalents	$	614,088	$	558,658