Cash and Cash Equivalents

3 Months Ended

Mar. 31, 2022

Cash And Cash Equivalents [Abstract]

Cash and Cash Equivalents

Note 2.  Cash and Cash Equivalents

The Company is required to maintain cash on hand or on deposit with the Board of Governors of the Federal Reserve System (“FRB”) based on the amount of certain customer deposits, mainly checking accounts.  The FRB lowered the reserve requirement ratios on transaction accounts to zero percent effective March 25, 2020, therefore, there were no required reserve balances as of March 31, 2022, and December 31, 2021.

The following table provides a reconciliation of cash and cash equivalents reported within the consolidated statements of condition:

(dollars in thousands)	March 31, 2022		December 31, 2021
Interest-Bearing Deposits in Other Banks	$	2,488	$	2,571
Funds Sold		356,373		361,536
Cash and Due From Banks		236,193		196,327
Total Cash and Cash Equivalents	$	595,054	$	560,434