Note 9: Advances From Federal Home Loan Bank

12 Months Ended

Dec. 31, 2017

Notes

Note 9: Advances From Federal Home Loan Bank

Note 9:      Advances From Federal Home Loan Bank

Advances from the Federal Home Loan Bank at December 31, 2017 and 2016, consisted of the following:

	December 31, 2017		December 31, 2016
		Weighted		Weighted
		Average		Average
		Interest		Interest
Due In	Amount	Rate	Amount	Rate
	(In Thousands)
2017	$--	--%	$30,826	3.26%
2018	127,500	1.53	81	5.14
2019	--	--	28	5.14
2020	--	--	--	--
2021	--	--	--	--
2022	--	--	--	--
2023 and thereafter	--	--	500	5.54
	127,500	1.53	31,452	3.30
Unamortized fair value adjustment	--		17
	$127,500		$31,452

The Bank has pledged FHLB stock, investment securities and first mortgage loans free of pledges, liens and encumbrances as collateral for outstanding advances.  No investment securities were specifically pledged as collateral for advances at December 31, 2017 and 2016.  Loans with carrying values of approximately $1.11 billion and $1.12 billion were pledged as collateral for outstanding advances at December 31, 2017 and 2016, respectively.  The Bank had potentially available $570.5 million remaining on its line of credit under a borrowing arrangement with the FHLB of Des Moines at December 31, 2017.