Page 142 - RB GRENADA ANNUAL REPORT 2025_ONLINE

142 • Republic Bank (Grenada) Limited 2025 Annual Report •

21 Fair value (continued)
21.1 Carrying values and fair values (continued)

Carrying Fair Unrecognised

2024 value value (loss)/gain

Financial assets
Cash on hand, due from banks including related banks and Treasury Bills 505,842 505,842 –
Investment interest receivable 3,574 3,574 –
Advances 1,110,028 1,046,285 (63,743)
Investment securities 374,189 377,508 3,319

Financial liabilities
Customers’ current, savings and deposit accounts 1,758,218 1,758,218 –
Accrued interest payable 353 353 –

Total unrecognised change in unrealised fair value (60,424)

21.2 Fair value and fair value hierarchies
21.2.1 Determination of fair value and fair value hierarchies
The following table shows the fair value measurement hierarchy of the Bank’s assets and liabilities:

2025 Level 1 Level 2 Level 3 POCI Total

Financial assets measured at fair value
Investment securities – – 696 – 696

Financial assets for which
fair value is disclosed
Advances – – 1,097,281 – 1,097,281
Debt instruments at amortised cost 482,083 – – 4,245 486,328

Financial liabilities for which
fair value is disclosed
Customers’ current, savings
and deposit accounts – – 1,822,301 – 1,822,301

482,083 - 2,920,278 4,245 3,406,606