XML 29 R19.htm IDEA: XBRL DOCUMENT v3.22.2.2
Concentration of Credit Risk
6 Months Ended
Jun. 30, 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 June 30, 2022. The Bank also has a significant concentration of short-term borrowings from one customer that accounted for 80% of the outstanding balance of securities sold under agreements to repurchase as of June 30, 2022. The Bank expects to maintain the relationships with these customers for the foreseeable future.