Note 10: Advances From Federal Home Loan Bank

3 Months Ended

Mar. 31, 2016

Notes

Note 10: Advances From Federal Home Loan Bank

NOTE 10: ADVANCES FROM FEDERAL HOME LOAN BANK

Advances from the Federal Home Loan Bank (FHLBank advances) at March 31, 2016 and December 31, 2015 consisted of the following:

	March 31, 2016		December 31, 2015
		Weighted		Weighted
		Average		Average
		Interest		Interest
Due In	Amount	Rate	Amount	Rate
	(In Thousands)		(In Thousands)
2016	$53	5.14%	$232,071	0.42%
2017	30,826	3.25	30,826	3.26
2018	81	5.14	81	5.14
2019	28	5.14	28	5.14
2020	—	—	—	—
2021 and thereafter	500	5.54	500	5.54
	31,488	1.05	263,506	0.76
Unamortized fair value adjustment	35		40
	$31,523		$263,546

Included in the Bank’s FHLBank advances at March 31, 2016 and December 31, 2015, was a $30.0 million advance with a maturity date of November 24, 2017.  The interest rate on this advance is 3.20%.  The advance has a call provision that allows the Federal Home Loan Bank of Des Moines to call the advance quarterly.