NOTE 6 –FHLB ADVANCES

Fixed Rate Advances from the FHLB were as follows:



	Rate		June 30, 2014		December 31, 2013
Fixed Rate Advances
Maturities:
January 2014	3.12%	$	-	$	5,000
May 2014	3.06%		-		5,000
July 2014	0.20%		3,000		-
July 2014	0.18%		2,500
January 2015	0.35%		2,500
May 2016	0.66%		3,000
November 2016	0.90%		2,000
Total		$	13,000	$	10,000

Each advance is payable at its maturity date, with a prepayment penalty for fixed-rate advances.

The advances were collateralized as follows:



	June 30, 2014		December 31, 2013

Single-family mortgage loans	$	14,818	$	14,940
Multi-family mortgage loans		5,520		4,890
Commercial real estate loans		2,758		3,339
Securities		1,601		2,024
Cash		3,300		3,300
Total	$	27,997	$	28,493

Based on the collateral pledged to FHLB and CFBank’s holdings of FHLB stock, CFBank was eligible to borrow up to a total of $18,141 from the FHLB at June 30, 2014. As of December 31, 2013, due to credit restrictions imposed by the FHLB due to the CFBank Order, any advances were limited to terms of no longer than one year. Effective January 24, 2014, as a result of the termination of the CFBank Order, the FHLB notified CFBank that term restrictions on the advances have been lifted.