CASH 2018 Special Proxy Statement

CRESTMARK BANCORP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 3 – SECURITIES AVAILABLE FOR SALE (Continued) change and these securities available for sale approach maturity. The CRA investment mutual fund comprising the other securities line item in the table above does not have a contractual maturity date and the unrealized loss is not material to the Corporation. NOTE 4 – LOANS, LEASES AND RECEIVABLES Major categories of loans, leases and receivables at year-end 2017 and 2016 were as follows: 2017 2016 Loans and leases Commercial loans . . . . . . . . . . . . . . . . . . . $ 333,998,406 $ 262,872,426 Consumer loans . . . . . . . . . . . . . . . . . . . . 49,919,700 38,780,601 Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . 201,400,280 119,162,644 585,318,386 420,815,671 Receivables Factoring receivables . . . . . . . . . . . . . . . . 428,678,815 382,213,508 Less: contingency reserves . . . . . . . . . . . . (121,424,463) (116,075,392) 307,254,352 266,138,116 $ 892,572,738 $ 686,953,787 Contingency reserves represent the face amount of factoring receivables withheld (not advanced) to be applied to nonpayment of factoring receivables, application of service fees and other adjustments. The gross amount of loans, leases and receivables outstanding at December 31, 2017, and 2016 was $1,013,997,201, and $803,029,179, respectively. F-17

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