The Company has one investment in Meritage Capital, Centennial Absolute Return Fund, L.P. (the "Fund") accounted for using the equity method of accounting. The carrying value of this investment was $26.9 million and $26.2 million as of September 30, 2017 and December 31, 2016, respectively. The Company earned $.6 million from this investment during the three-month period ended September 30, 2017 compared to earnings of $.5 million during the same period a year ago. During the nine-month periods ended September 30, 2017 and 2016, the Company earned $.7 million and $.6 million each period, respectively. The income was recorded in Other Revenue on the Company's Unaudited Condensed Consolidated Statements of Income and Retained Earnings. During the quarter just ended, Management notified the Fund of its intent to redeem its investment, which required a 90 day notice. During the fourth quarter of 2017, the Company received $25.6 million in payments associated with the redemption request, with the remaining balance of $1.3 million expected to be received in 2018 in accordance with the redemption terms. The Company has no investment commitments to the Fund.

Condensed financial statement information of the equity method investment is as follows:

	September 30, 2017	December 31, 2016
Company's equity method investment	$ 26,940,966	$ 26,201,949
Partnership assets	$ 131,858,126	$ 128,721,905
Partnership liabilities	$ 165,563	$ 258,881
Partnership net income	$ 4,357,248(a)	$ 6,583,183(b)