NOTE 10 –FHLB ADVANCES

Fixed Rate Advances from the FHLB were as follows:



	Weighted
	Average Rate	December 31, 2017		December 31, 2016
Fixed Rate Advances
Maturities:
2017	-	$	-	$	2,500
2018	-		-		-
2019	1.62%		3,500		3,500
2020	1.98%		4,500		3,500
2021	2.32%		4,000		4,000
2022	2.05%		1,500		-
Total		$	13,500	$	13,500

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

The advances were collateralized as follows:



	December 31, 2017		December 31, 2016
Single-family mortgage loans	$	49,616	$	38,342
Multi-family mortgage loans		15,125		14,854
Commercial real estate loans (1-4 family)		5,348		2,793
Home equity lines of credit		7,061		-
Securities		4,641		2,327
Cash		3,300		3,300
Total	$	85,091	$	61,616

Based on the collateral pledged to the FHLB and CFBank’s holdings of FHLB stock, CFBank was eligible to borrow up to a total of $65,003 from the FHLB at December 31, 2017.

Payments due to the FHLB over the next five years are as follows:


	December 31, 2017
2018	$	-
2019		3,500
2020		4,500
2021		4,000
2022		1,500
	$	13,500