pab bankshares, inc. - SNL Financial

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 26. FAIR VALUE (Continued)
The carrying amounts and estimated fair value of the Company's financial instruments as of December 31, 2009 and 2008
are summarized below. All dollar amounts have been rounded to the nearest thousand.
Carrying
Amount
2009 2008
Fair
Value
Carrying
Amount
Fair
Value
Cash and balances due from banks,
interest-bearing deposits with other
banks and federal funds sold $ 186,478,000 $ 186,478,000 $ 137,404,000 $ 137,404,000
Investment securities 111,541,000 111,541,000 176,613,000 176,613,000
Restricted equity securities 9,460,000 9,460,000 9,160,000 9,160,000
Loans, net 776,000,000 777,400,000 937,314,000 940,533,000
Cash flow hedge derivative instrument 14,000 14,000 3,993,000 3,993,000
Deposits 1,045,215,000 1,057,778,000 1,123,703,000 1,134,568,000
Federal funds purchased and
securities sold under agreements
to repurchase 10,011,000 10,011,000 8,954,000 8,954,000
Advances from the FHLB 90,140,000 88,829,000 109,704,000 106,847,000
Other borrowings 20,000,000 22,489,000 - -
Beneficial interest in debentures 10,310,000 10,310,000 10,310,000 10,310,000
100