Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2015

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS (Dollars In Thousands)

The following table is the schedule of cash and cash equivalents at December 31, 2016 and 2015:



	2016		2015
Cash and Due From Banks	$	43,024	$	34,816
Interest-Bearing Deposits at Banks	14,331		16,252
Total Cash and Cash Equivalents	$	57,355	$	51,068
Supplemental Information:
Total required reserves, including vault cash and Federal Reserve Bank deposits	$	28,610	$	23,446

The Company is required to maintain reserve balances with the Federal Reserve Bank of New York. The required reserve is calculated on a fourteen day average and the amounts presented in the table above represent the average for the period that includes December 31.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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