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Restrictions on Cash and Due From Banks
12 Months Ended
Dec. 31, 2020
Restrictions on Cash and Due From Banks  
Note 22. Restrictions on Cash and Due From Banks

Note 22. Restrictions on Cash and Due From Banks

 

In the ordinary course of business, the Company may, from time to time, maintain amounts due from correspondent banks that exceed federally insured limits. However, no losses have occurred in these accounts and the Company believes it is not exposed to any significant risk with respect to such accounts. The Company was required to maintain contracted balances with a correspondent bank of $30,000 at December 31, 2020 and 2019.