Cash And Cash Equivalents

12 Months Ended

Dec. 31, 2011

Cash And Cash Equivalents [Abstract]

Cash And Cash Equivalents

2. Cash and Cash Equivalents

Noninterest-Earning Deposits with Financial Institutions

There were no noninterest-earning deposits with financial institutions included in the Cash and due from banks line item in the Consolidated Balance Sheets at December 31, 2011 and December 31, 2010.

Required Reserve Balances

The Federal Reserve Act requires each depository institution to maintain reserves against certain liabilities as prescribed by regulations of the Board of Governors of the Federal Reserve System (the "Federal Reserve"). The Bank reports these liabilities to the Federal Reserve on a weekly basis. Weekly reporting institutions maintain reserves on these liabilities with a 30-day lag. For the maintenance period ended on January 11, 2012, based on reported liabilities from November 29, 2011 through December 12, 2011, the Federal Reserve required the Bank to maintain reserves of $12.5 million. After taking into consideration the Company's levels of vault cash, reserves of $1.5 million were required to be maintained with the Federal Reserve.

Concentrations and Restrictions

In an effort to manage counterparty risk, the Company generally does not sell federal funds to other financial institutions. Federal funds are essentially uncollateralized overnight loans. The Company regularly evaluates the risk associated with the counterparties to these potential transactions to ensure that it would not be exposed to any significant risks with regard to cash and cash equivalent balances.

Restricted cash and cash equivalents pledged as collateral relative to merchant credit card agreements totaled $703 thousand and $451 thousand at December 31, 2011 and December 31, 2010, respectively.