Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2017

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS (Dollars In Thousands) (at December 31, 2017 and 2016)



	2017		2016
Cash and Due From Banks	$	42,562	$	43,024
Interest-Bearing Deposits at Banks	30,276		14,331
Total Cash and Cash Equivalents	$	72,838	$	57,355
Supplemental Information:
Total required reserves, including vault cash and Federal Reserve Bank deposits	$	30,771	$	28,610

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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