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RESTRICTIONS ON CASH AND DUE FROM BANKS
12 Months Ended
Dec. 31, 2019
RESTRICTIONS ON CASH AND DUE FROM BANKS [Abstract]  
RESTRICTIONS ON CASH AND DUE FROM BANKS
NOTE 3 - RESTRICTIONS ON CASH AND DUE FROM BANKS

Included in cash and due from banks are certain interest bearing and non-interest bearing deposits that are held at the Federal Reserve or maintained in vault cash in accordance with average balance requirements specified by the Federal Reserve Board of Governors. The balance requirement to be held in an account at the Federal Reserve at December 31, 2019 and 2018 was $0 and $0.  The elimination of a balance requirement at December 31, 2019 and 2018 was the result of a reclassification of certain transaction based deposits to non-transaction based deposits as permitted under Federal Reserve Regulation D. The reserve requirements for non-transaction based deposits is significantly less than the reserve requirements for transaction based deposits.