CASH 2017 Annual Report

145 The following presents the carrying amount and estimated fair value of the financial instruments held by the Company at September 30, 2017 and 2016. September 30, 2017 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Financial assets Cash and cash equivalents $ 1,267,586 $ 1,267,586 $ 1,267,586 $ — $ — Securities available for sale 1,693,431 1,693,431 1,445 1,691,986 — Securities held to maturity 563,529 564,185 — 564,185 — Total securities 2,256,960 2,257,616 1,445 2,256,171 — Loans receivable: One to four family residential mortgage loans 196,706 196,970 — — 196,970 Commercial and multi-family real estate loans 585,510 576,330 — — 576,330 Agricultural real estate loans 61,800 61,584 — — 61,584 Consumer loans 163,004 163,961 — — 163,961 Commercial operating loans 35,759 35,723 — — 35,723 Agricultural operating loans 33,594 32,870 — — 32,870 Premium finance loans 250,459 250,964 — — 250,964 Total loans receivable 1,326,832 1,318,402 — — 1,318,402 Federal Home Loan Bank stock 61,123 61,123 — 61,123 — Accrued interest receivable 19,380 19,380 19,380 — — Financial liabilities Non-interest bearing demand deposits 2,454,057 2,454,057 2,454,057 — — Interest bearing demand deposits, savings, and money markets 169,557 169,557 169,557 — — Certificates of deposit 123,637 123,094 — 123,094 — Wholesale non-maturing deposits 18,245 18,245 18,245 — — Wholesale certificates of deposits 457,928 457,509 — 457,509 — Total deposits 3,223,424 3,222,462 2,641,859 580,603 — Advances from Federal Home Loan Bank 415,000 415,003 — 415,003 — Federal funds purchased 987,000 987,000 987,000 — — Securities sold under agreements to repurchase 2,472 2,472 — 2,472 — Capital leases 1,938 1,938 — 1,938 — Trust preferred securities 10,310 10,447 — 10,447 — Subordinated debentures 73,347 76,500 — 76,500 — Accrued interest payable 2,280 2,280 2,280 — —