Federal Home Loan Bank Advances

9 Months Ended

Sep. 30, 2012

Federal Home Loan Bank Advances

(9) Federal Home Loan Bank Advances

Federal Home Loan Bank advances amounted to $47,494 and $42,497 at September 30, 2012 and December 31, 2011, respectively. All advances are bullet maturities with no call features. At September 30, 2012, collateral pledged for FHLB advances consisted of qualified multi-family and residential real estate mortgage loans and investment securities of $87,478 and 34,550, respectively. The maximum borrowing capacity of the Bank at September 30, 2012 was $76,187 with unused collateral borrowing capacity of $27,169. The Bank maintains a $40,000 cash management line of credit (CMA) with the FHLB. The amount outstanding was $0 for the CMA line of credit as of September 30, 2012 and December 31, 2011.

Maturities of FHLB advances outstanding at September 30, 2012 and December 31, 2011 are as follows.

	September 30, 2012		December 31, 2011
	(Dollars in thousands)
Maturity January 2012, fixed rate 2.37%	$	—	$	15,000
Maturities January 2014 through August 2014, with fixed rates ranging from 2.06% to 3.55%		14,994		15,027
Maturities January 2015 and July 2015, with fixed rates ranging from 0.80% to 4.76%		32,500		12,470
Total FHLB advances	$	47,494	$	42,497