CWBFG Annual Report 2021

Fair Value Hierarchy We categorize our fair value measurements of financial instruments according to a three-level hierarchy. Level 1 fair value measurements reflect unadjusted quoted prices in active markets for identical assets and liabilities that we can access at the measurement date. Level 2 fair value measurements are estimated using observable inputs, including quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, and model inputs that are either observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 fair value measurements are determined using one or more inputs that are unobservable and significant to the fair value of the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available at the measurement date.

Valuation Technique

As at October 31, 2021

Fair Value

Level 1

Level 2

Level 3

Financial Assets Cash resources

$

128,459 $

128,459 $

- $

- - -

Securities

3,567,797

207,209

3,360,588

Securities purchased under resale agreements

30,048

- - -

30,048

Loans

33,138,017

-

33,138,017

Derivatives

52,862

52,862

-

Total Financial Assets

$

36,917,183 $

335,668 $

3,443,498 $

33,138,017

Financial Liabilities Deposits

$

30,118,635 $

- $

30,118,635 $

- - -

Debt

3,058,090

- -

3,058,090

Derivatives

36,068

36,068

Total Financial Liabilities

$

33,212,793 $

- $

33,212,793 $

-

Valuation Technique

As at October 31, 2020

Fair Value

Level 1

Level 2

Level 3

Financial Assets Cash resources

$

368,319 $

134,385 $

233,934 $

- - -

Securities

2,664,618

561,868

2,102,750

Securities purchased under resale agreements

50,084

- - -

50,084

Loans

30,541,660

-

30,541,660

Derivatives

96,615

96,615

-

Total Financial Assets

$

33,721,296 $

696,253 $

2,483,383 $

30,541,660

Financial Liabilities Deposits

$

27,738,072 $

- $

27,738,072 $

- - - -

Securities sold under repurchase agreements

65,198

- - -

65,198

Debt

2,483,015

2,483,015

Derivatives

6,285

6,285

Total Financial Liabilities

$

30,292,570 $

- $

30,292,570 $

-

CWB Financial Group 2021 Annual Report | 107

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