CASH 2018 Special Proxy Statement

CRESTMARK BANCORP, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 4 – LOANS, LEASES AND RECEIVABLES (Continued) The recorded investment in loans, leases and receivables includes loan, lease and receivable origination fees, net and excludes accrued interest receivable due to immateriality. The following table presents information related to impaired loans, leases and receivables by portfolio segment as of and for the years ended December 31, 2017 and 2016: Recorded Investment Allowance for Credit Losses Allocated Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized December 31, 2017 With no related allowance recorded: Commercial loans . . . . . . . . . . . . . . . $ 3,823,667 $ — $ 9,191,252 $— $— Factoring receivables . . . . . . . . . . . . . 4,562,440 — 4,562,451 — — Leases . . . . . . . . . . . . . . . . . . . . . . . . . 3,371,712 — 2,648,702 — — Subtotal . . . . . . . . . . . . . . . . . . . 11,757,819 — 16,402,405 — — With an allowance recorded: Commercial loans . . . . . . . . . . . . . . . 6,936,055 896,350 5,312,871 — — Factoring receivables . . . . . . . . . . . . . 462,065 179,950 1,945,888 — — Leases . . . . . . . . . . . . . . . . . . . . . . . . . 189,910 129,680 464,858 — — Subtotal . . . . . . . . . . . . . . . . . . . 7,588,030 1,205,980 7,723,617 — — Total . . . . . . . . . . . . . . . . . . $19,345,849 $1,205,980 $24,126,022 $— $— December 31, 2016 With no related allowance recorded: Commercial loans . . . . . . . . . . . . . . . $ 9,796,918 $ — $10,262,988 $— $— Factoring receivables . . . . . . . . . . . . . $ 7,268,891 $ 3,870,934 Leases . . . . . . . . . . . . . . . . . . . . . . . . . 728,091 — 816,917 — — Subtotal . . . . . . . . . . . . . . . . . . . 17,793,900 — 14,950,839 — — With an allowance recorded: Commercial loans . . . . . . . . . . . . . . . 4,074,975 806,099 4,407,650 — — Factoring receivables . . . . . . . . . . . . . 2,380,356 237,764 4,696,909 — — Leases . . . . . . . . . . . . . . . . . . . . . . . . . 578,518 207,708 422,823 — — Subtotal . . . . . . . . . . . . . . . . . . . 7,033,849 1,251,571 9,527,382 — — Total . . . . . . . . . . . . . . . . . . $24,827,749 $1,251,571 $24,478,221 $— $— Unpaid principal balance and the recorded investment are the same. The recorded investment in loans, leases and receivables includes loan, lease and receivable origination fees, net and excludes accrued interest receivable due to immateriality. Any income recognized on an accrual and cash basis for the impaired loans is considered immaterial for 2017, 2016 and 2015 and is excluded from the table above. The average recorded investment for loans, leases and receivables during the year ended December 31, 2015 was $11,745,517. Nonaccrual loans, leases and receivables and loans, leases and receivables past due 90 days still on accrual include both smaller balance homogeneous loans (consumer loans) that are collectively evaluated for impairment and individually classified impaired loans, leases and receivables (commercial loans, leases, and factoring receivables). F-20