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Restrictions on Cash and Amounts Due from Banks
12 Months Ended
Dec. 31, 2020
Restrictions on Cash and Amounts Due from Banks [Abstract]  
Restrictions on Cash and Amounts Due from Banks
NOTE 2, Restrictions on Cash and Amounts Due from Banks

The Company is subject to reserve balance requirements determined by applying the reserve ratios specified in the FRB’s Regulation D. At December 31, 2020 and 2019, the Company had no balance requirements on any of its accounts. The Company had approximately $9.8 million and $23.8 million in deposits in financial institutions in excess of amounts insured by the FDIC at December 31, 2020 and December 31, 2019, respectively.