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Restrictions on Cash
12 Months Ended
Dec. 31, 2013
Restrictions on Cash [Abstract]  
Restrictions on Cash
Note 3 – Restrictions on Cash

The Company is a member of the Federal Reserve System and is required to maintain certain levels of its cash and cash equivalents as reserves based on regulatory requirements. This reserve requirement was approximately $0 at December 31, 2013 and $1,347,000 at December 31, 2012. The significant reduction in the amount of the required reserve was related to the implementation of a robust deposit reclassification program initiated in 2012.

The Company maintains cash accounts in other commercial banks.  The amount on deposit with correspondent institutions at December 31, 2013 exceeded the insurance limits of the Federal Deposit Insurance Corporation by $170,000.