Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2016

Federal Home Loan Bank Advances [Abstract]

Note 11: Federal Home Loan Bank Advances

FHLB advances maturing in years ending December 31 are as follows:



2017	$	70,028
2018		39,030
2019		40,533
2020		36,500
2021		26,500
Thereafter		28,000
	$	240,591

At December 31, 2016, the Company had pledged $360,870,000 in qualifying first mortgage loans as collateral for advances and outstanding letters of credit. Advances, at interest rates from 0.60% to 6.73% at December 31, 2016, were subject to restrictions or penalties in the event of prepayment.

At December 31, 2016, the Company had a total of $15 million in putable and $40 million in symmetrical advances with Federal Home Loan Bank. The call dates for these advances range from 2019 through 2021 even though maturity dates extend beyond those dates.