Cash and Due from Banks

12 Months Ended

Dec. 31, 2020

Cash and Cash Equivalents [Abstract]

Cash and Due from Banks

2. Cash and Due from Banks

The Company is required to maintain a portion of its cash and due from banks as a reserve balance under the Federal Reserve Act. Such reserve is calculated based upon deposit levels and amounted to $0 at December 31, 2020, and $0 at December 31, 2019.