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Note 15 - Concentration of Cash Holdings
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]

Note 15: Concentration of Cash Holdings

 

During the normal course of business, the Bank may have excess cash on deposit at other financial institutions. Each institution’s deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2021, the Bank had $81.0 million in deposits above FDIC insured limits. These funds are held with three institutions that are each shown to be well capitalized as of March 31, 2021. Additionally, the Bank held $127.3 million in deposits at the Federal Reserve Bank at March 31, 2021.