Note 10: Advances From Federal Home Loan Bank

3 Months Ended

Mar. 31, 2017

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, 2017 and December 31, 2016 consisted of the following:

	March 31, 2017		December 31, 2016
		Weighted		Weighted
		Average		Average
		Interest		Interest
Due In	Amount	Rate	Amount	Rate
	(In Thousands)		(In Thousands)
2017	$               30,827	3.26%	$               30,826	3.26%
2018	83	5.14	81	5.14
2019	7	5.14	28	5.14
2020	—	—	—	—
2021	—	—	—	—
2022 and thereafter	500	5.54	500	5.54
	31,417	3.30	31,435	3.30
Unamortized fair value adjustment	12		17
	$              31,429		$              31,452

Included in the Bank’s FHLBank advances at March 31, 2017 and December 31, 2016, 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.