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Restrictions on Cash and Amounts Due from Banks
12 Months Ended
Dec. 31, 2021
Restrictions on Cash and Amounts Due from Banks  
Restrictions on Cash and Amounts Due from Banks

Note 2. Restrictions on Cash and Amounts Due from Banks

On March 26, 2020 the Board of Governors of the Federal Reserve System set the reserve requirement ratios to zero percent and reserve requirements were no longer administered. On December 22, 2020 the zero percent reserve requirement ratio was extended for three years. At December 31, 2021 and 2020, the average reserve balances were $0 and $0.4 million, respectively.