Note 2 - Restrictions on Cash and Due From banks

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Restrictions on Cash and Due from Banks Disclosure [Text Block]

(

2

) Restrictions on Cash and Due from Banks

At

December 31, 2018,

Bancorp’s interest-bearing cash accounts and non-interest bearing deposits held at other financial institutions exceeded the

$250,000

federally insured limits by approximately

$1.2

million. Each correspondent bank’s financial performance and market rating are reviewed on a quarterly basis to ensure the Company has deposits only at institutions providing minimal risk for those exceeding federally insured limits. Additionally, Bancorp had approximately

$143.0

million at the Federal Home Loan Bank and Federal Reserve Bank, which are government-sponsored entities

not

insured by the FDIC. Bancorp is required to maintain an average reserve balance in cash or with the Federal Reserve Bank relating to customer deposits. The amount of those required reserve balances was approximately

$9.0

million and

$8.1

million at

December 31, 2018

and

2017,

respectively, and is included in federal funds sold and interest bearing due from banks in the consolidated balance sheet.