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Concentration of Credit Risk
3 Months Ended
Mar. 31, 2022
Concentration of Credit Risk [Abstract]  
Concentration of Credit Risk
NOTE (13) – Concentration of Credit Risk
  

The Bank has a significant concentration of deposits with one customer that accounted for approximately 16% of its deposits as of March 31, 2022. The Bank also has a significant concentration of short term borrowings from one customer that accounted for 74% of the outstanding balance of securities sold under agreements to repurchase as of March 31, 2022. The Bank expects to maintain the relationships with these customers for the foreseeable future.