Cass Information Systems(CASS) - 2022 Q4 - Annual Report

Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company's investment securities availablefor-sale at December 31, 2022 and 2021 are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include "observable inputs" rather than "significant unobservable inputs" and therefore falls into the Level 2 category. The table below presents the balances of securities available-for-sale | --- | --- | --- | --- | --- | --- | -- ...