Cash

12 Months Ended

Dec. 31, 2019

Cash [Abstract]

Cash

2.CASH

The Company is required by the Federal Reserve Bank to maintain average reserve balances based on a percentage of deposits.  The amounts of those reserve requirements on December 31, 2019 and 2018 were $0.7 million and$1.4 million, respectively.

Deposits with any one financial institution are insured up to $250,000.  From time-to-time, the Company may maintain cash and cash equivalents with certain other financial institutions in excess of the insured amount.