HVBC 2016 Annual Report

HV Bancorp, Inc. and Subsidiary Notes to the Consolidated Financial Statements Years Ended June 30, 2017 and 2016 83 The estimated fair values of the Company's financial instruments, whether carried at cost or fair value, at June 30, 2017 and 2016 are as follows: Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable June 30, 2017 Carrying Estimated Assets Inputs Inputs (Dollars in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 28,577 $ 28,577 $ 28,577 $ — $ — Investment securities available-for-sale 42,820 42,820 — 41,609 1,211 Investment securities held-to-maturity 11,809 11,896 — 9,884 2,012 Loans held for sale at fair value 12,784 12,784 — 12,784 — Loans receivable, net 111,811 107,510 — — 107,510 Restricted investment in bank stock 643 643 — — 643 Accrued interest receivable 620 620 — 620 — Forward loan sales commitments 179 179 — 179 — TBA securities 36 36 — 36 — Interest rate lock commitments 786 786 — — 786 Liabilities: Deposits $ 170,481 $ 160,764 $ — $ 160,764 $ — Advances from the FHLB 9,000 8,958 — 8,958 — Securities sold under agreements to repurchase 2,883 2,883 — 2,883 — Forward loan sales commitments 37 37 — 37 — TBA securities 8 8 — 8 — Interest rate lock commitments 19 19 — — 19 Accrued interest payable 20 20 — 20 — Off-balance sheet: Commitment to extend credit $ — $ — $ — $ — $ —