Cash and Cash Equivalents and Restrictions on Cash

12 Months Ended

Dec. 31, 2022

Cash And Cash Equivalents [Abstract]

Cash and Cash Equivalents and Restrictions on Cash

Note 2.  Cash and Cash Equivalents and Restrictions on Cash

The Company is required to maintain cash on hand or on deposit with the 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 26, 2020, therefore, there were no required reserve balances as of December 31, 2022 and December 31, 2021.

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, 2022		December 31, 2021
Interest-Bearing Deposits in Other Banks	$	3,724	$	2,571
Funds Sold		81,364		361,536
Cash and Due From Banks		316,679		196,327
Total Cash and Cash Equivalents	$	401,767	$	560,434