XML 52 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 2 - Cash and Cash Equivalents
12 Months Ended
Dec. 31, 2014
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents Disclosure [Text Block]

2.      Cash and Cash Equivalents


      The Company manages its cash and cash equivalents, which consist of cash on hand, amounts due from banks, federal funds sold, and short-term investments with original maturity of three months or less, based upon the Company’s operating, investment, and financing activities. For the purpose of reporting cash flows, these same accounts are included in cash and cash equivalents.


      The Company is required to maintain reserves with the Federal Reserve Bank. Reserve requirements are based on a percentage of deposit liabilities. The average reserve balances required were zero for 2014 and $6.5 million for 2013. The average excess balance with Federal Reserve Bank was $170.1 million in 2014 and $136.3 million in 2013.   At December 31, 2014, the Bancorp had $7.5 million on deposit in a cash margin account that serves as collateral for the Bancorp’s interest rate swaps.