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Subsequent Event
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Event

NOTE 14 – SUBSEQUENT EVENT

 

A strain of the coronavirus surfaced and has spread around the world, including in our State, with resulting business and social disruption.  The coronavirus was declared a Public Health Emergency of International Concern by the World Health Organization.  The Company’s operating area has begun to see closures of business, restrictions on personal contact, requests by government officials to stay in isolation.  The operations and business results of the Company could be materially adversely affected.  Significant estimates as disclosed in Note 1, including the allowance for loan losses, valuation of securities may be materially adversely impacted by national and local events designed to contain the coronavirus.