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Short-Term Debt
6 Months Ended
Jun. 30, 2011
Short-Term Debt  
Short-Term Debt

Note 6:      Short-Term Debt

The Company has a line of credit with the Federal Home Loan Bank of Topeka (FHLB) which is collateralized by various assets including mortgage-backed loans, available-for-sale securities and cash equivalents.  At June 30, 2011 and December 31, 2010, there was no outstanding balance on the line of credit.  The variable interest rate was 0.20% on June 30, 2011 and 0.26% on December 31, 2010.  At June 30, 2011 approximately $27,895,000 was available. 

The Company also has a line of credit with the Federal Reserve Bank of Kansas City which is collateralized by various assets, including commercial and commercial real estate loans.  At June 30, 2011 and December 31, 2010, there was no outstanding balance on the line of credit.  The line of credit has a variable interest rate of federal funds rate plus 75 basis points and at June 30, 2011 approximately $25,819,000 was available.  Advances are made at the discretion of the Federal Reserve Bank of Kansas City.