Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2020

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

CASH AND CASH EQUIVALENTS (Dollars In Thousands)

	2020		2019
Balances at December 31:
Cash and Due From Banks	$	42,116	$	47,035
Interest-Bearing Deposits at Banks	338,875		23,186
Total Cash and Cash Equivalents	$	380,991	$	70,221
Supplemental Information:
Total required reserves, including vault cash and Federal Reserve Bank deposits	$	—	$	35,985
Restricted cash pledged as collateral related to swap agreements and included in Cash and Due From Banks	$	500	$	—

During 2019 and until March 2020, the Company was required to maintain reserve balances with the Federal Reserve Bank of New York. The required reserve was calculated on a fourteen day average and the amount presented in the table above represents the average for the period that includes December 31, 2019. In March 2020, the Federal Reserve Board reduced reserve requirement ratios to zero percent to free up liquidity in the banking industry to support lending to households and businesses.