Restrictions on Cash and Due from Banks

12 Months Ended

Dec. 31, 2016

Cash and Due from Banks [Abstract]

Restrictions on Cash and Due From Banks

NOTE 2 – RESTRICTIONS ON CASH AND DUE FROM BANKS

The Corporation’s subsidiary banks are required to maintain reserves, in the form of cash and balances with the Federal Reserve Bank, against their deposit liabilities. The amounts of such reserves as of December 31, 2016 and 2015 were $113.3 million and $91.1 million, respectively.