content_image/1030737.jpg content_image/1030744.jpg content_image/1030743.jpg
As of December 31, 2017: 

<img src='content_image/1030737.jpg'>

Level inputs, as defined by the FASB guidance, are as follows: 

<img src='content_image/1030744.jpg'>

The Company did not have any Level 3 assets at December 31, 2018 or 2017. Level 3 assets, when present, are valued using various unobservable inputs including extrapolated data, proprietary models and indicative quotes. A reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using Level 3 inputs is as follows for the years ended December 31: 

<img src='content_image/1030743.jpg'>

Quoted market prices are obtained whenever possible. Where quoted market prices are not available, fair values are estimated using broker/dealer quotes for specific securities. These techniques are significantly affected by the Company's assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs have not been considered in estimating fair values. 

Transfers between levels, if any, are recorded as of the beginning of the reporting period. There were no significant transfers of assets between Level 1 and Level 2 during 2018. 

