Note 4 - Cash and Due from Banks

6 Months Ended

Jun. 30, 2015

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

4. CASH AND DUE FROM BANKS

Cash and due from banks at June 30, 2015 and December 31, 2014 include the following:

(In thousands)	June 30	Dec. 31,
	2015	2014
Cash and cash equivalents	$30,977	$31,619
Certificates of deposit	4,428	4,428
Total cash and due from banks	$35,405	$36,047

Certificates of deposit are issues by U.S. banks with original maturities greater than three months. Each certificate of deposit is fully FDIC-insured. The Corporation maintains cash and cash equivalents with certain financial institutions in excess of the FDIC insurance limit.

The Corporation is required to maintain reserves against deposit liabilities in the form of cash and balances with the Federal Reserve Bank of Philadelphia. The reserves are based on deposit levels, account activity, and other services provided by the Federal Reserve Bank. Required reserves were $15,821,000 at June 30, 2015 and $16,853,000 at December 31, 2014.