CASH 2017 Annual Report
146 September 30, 2016 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 (Dollars in Thousands) Financial assets Cash and cash equivalents $ 773,830 $ 773,830 $ 773,830 $ — $ — Securities available for sale 1,469,249 1,469,249 1,125 1,468,124 — Securities held to maturity 619,853 632,574 — 632,574 — Total securities 2,089,102 2,101,823 1,125 2,100,698 — Loans receivable: One to four family residential mortgage loans 162,298 163,886 — — 163,886 Commercial and multi-family real estate loans 422,932 422,307 — — 422,307 Agricultural real estate loans 63,612 63,868 — — 63,868 Consumer loans 37,094 36,738 — — 36,738 Commercial operating loans 31,271 31,108 — — 31,108 Agricultural operating loans 37,083 36,897 — — 36,897 Premium finance loans 171,604 172,000 — — 172,000 Total loans receivable 925,894 926,803 — — 926,803 Federal Home Loan Bank stock 47,512 47,512 — 47,512 — Accrued interest receivable 17,199 17,199 17,199 — — Financial liabilities Non-interest bearing demand deposits 2,167,522 2,167,522 2,167,522 — — Interest bearing demand deposits, savings, and money markets 136,568 136,568 136,568 — — Certificates of deposit 125,992 125,772 — 125,772 — Total deposits 2,430,082 2,429,862 2,304,090 125,772 — Advances from Federal Home Loan Bank 107,000 108,168 — 108,168 — Federal funds purchased 992,000 992,000 992,000 — — Securities sold under agreements to repurchase 3,039 3,039 — 3,039 — Capital leases 2,018 2,018 — 2,018 — Trust preferred 10,310 10,437 — 10,437 — Subordinated debentures 73,211 77,250 — 77,250 — Accrued interest payable 875 875 875 — — The following sets forth the methods and assumptions used in determining the fair value estimates for the Company’s financial instruments at September 30, 2017 and 2016.
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