CHFC 2018 Annual Report

The following schedule sets forth the fair value of the Pension Plan's assets and the level of the valuation inputs used to value those assets at December 31, 2018 and 2017: (Dollars in thousands) Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total December 31, 2018 Cash $ 8,770 $ — $ — $ 8,770 Equity securities: U.S. large- and mid-cap stocks (1) 63,823 — — 63,823 U.S. small-cap mutual funds 4,713 — — 4,713 International large-cap mutual funds 11,091 — — 11,091 Emerging markets mutual funds 6,439 — — 6,439 Debt securities: U.S. Treasury and government sponsored agency bonds and notes — 547 — 547 Mutual funds (2) 32,969 — — 32,969 Total $ 127,805 $ 547 $ — $ 128,352 December 31, 2017 Cash $ 5,238 $ — $ — $ 5,238 Equity securities: U.S. large- and mid-cap stocks (1) 68,909 — — 68,909 U.S. small-cap mutual funds 5,377 — — 5,377 International large-cap mutual funds 18,341 — — 18,341 Emerging markets mutual funds 7,363 — — 7,363 Debt securities: U.S. Treasury and government sponsored agency bonds and notes — 548 — 548 Mutual funds (2) 40,046 — — 40,046 Other 79 — — 79 Total $ 145,353 $ 548 $ — $ 145,901 (1) Comprised of common stocks and mutual funds traded on U.S. Exchanges whose issuers had market capitalizations exceeding $3 billion. (2) Comprised primarily of fixed-income bonds issued by the U.S. Treasury and government sponsored agencies and bonds of U.S. and foreign issuers from diverse industries. At December 31, 2018 and 2017, the Pension Plan did not hold any shares of the Corporation's common stock. During 2017, cash dividends of $0.2 million were paid on the Corporation's common stock held by the Pension Plan. Chemical Financial Corporation Notes to Consolidated Financial Statements December 31, 2018 158