Note 2 - Cash and Cash Equivalents |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 | |||
| Notes to Financial Statements | |||
| Cash and Cash Equivalents Disclosure [Text Block] |
The Company normally carries balances with other banks that exceed the federally insured limit. The average balance carried in excess of the limit, including unsecured federal funds sold to the same banks, was $1.1 million and $447.1 thousand during the years ended December 31, 2025 and 2024, respectively.
Deposits held in noninterest-bearing transaction accounts are aggregated with any interest-bearing deposits the owner may hold in the same category. The combined total is insured up to $250,000.
Banks have historically been required to carry noninterest-bearing cash reserves of specified percentages of deposit balances. The Company’s normal balances of cash on hand and on deposit with other banks are sufficient to satisfy the reserve requirement imposed by the Board of Governors of the Federal Reserve System, which was $0 at both December 31, 2025 and 2024.
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