Note 5 - Cash and Due From Banks

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

5.

CASH AND DUE FROM BANKS

Cash and due from banks at

September 30, 2019

and

December 31, 2018

include the following:

(In thousands)	Sept. 30,		Dec. 31,
	2019		2018
Cash and cash equivalents	$	46,883	$	32,827
Certificates of deposit		4,560		4,660
Total cash and due from banks	$	51,443	$	37,487

Certificates of deposit are issues by U.S. banks with original maturities greater than

three

months. Each certificate of deposit is fully FDIC-insured. The Corporation maintains cash and cash equivalents with certain financial institutions in excess of the FDIC insurance limit.

The Corporation is required to maintain reserves against deposit liabilities in the form of cash and balances with the Federal Reserve Bank of Philadelphia. The reserves are based on deposit levels, account activity, and other services provided by the Federal Reserve Bank. Required reserves were

$19,794,000

at

September 30, 2019

and

$18,141,000

at

December 31, 2018.