Advances From Federal Home Loan Bank

12 Months Ended

Jun. 30, 2012

Notes

Advances From Federal Home Loan Bank

NOTE 8: Advances from Federal Home Loan Bank

Advances from Federal Home Loan Bank are summarized as follows:

	Call Date or		June 30
Maturity	Quarterly Thereafter	Interest Rate	2012	2011
10/30/12	-	4.87%	$                 -	$  3,000,000
04/01/13	-	3.65%	-	3,000,000
01/30/15	-	3.75%	-	3,000,000
11/29/16	8/29/2012	3.88%	5,000,000	5,000,000
11/29/16	8/29/2012	4.36%	5,000,000	5,000,000
11/20/17	8/20/2012	3.82%	3,000,000	3,000,000
11/29/17	11/29/2012	4.01%	2,500,000	2,500,000
08/14/18	8/14/2012	3.48%	4,000,000	4,000,000
08/14/18	8/14/2013	3.98%	5,000,000	5,000,000
		TOTAL	$24,500,000	$33,500,000
Weighted-average rate			3.94%	4.48%

In addition to the above advances, the Bank had an available line of credit amounting to $153,381,000 and $108,332,000, with the FHLB at June 30, 2012 and 2011, respectively.

Advances from FHLB of Des Moines are secured by FHLB stock and commercial real estate and one- to four-family mortgage loans pledged. To secure outstanding advances and the Bank’s line of credit, loans totaling $268.9 and $218.2 million, respectively, were pledged to the FHLB at June 30, 2012 and 2011, respectively. The principal maturities of FHLB advances at June 30, 2012, are below:

FHLB Advance Maturities	June 30, 2012
July 1, 2012 to June 30, 2013	$-
July 1, 2013 to June 30, 2014	-
July 1, 2014 to June 30, 2015	-
July 1, 2015 to June 30, 2016	-
July 1, 2016 to June 30, 2017	10,000,000
July 1, 2017 to thereafter	14,500,000
Total	$24,500,000