Note 8: Advances From Federal Home Loan Bank

12 Months Ended

Jun. 30, 2013

Notes

Note 8: 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 Quarterly	Interest	June 30,
	Maturity	Thereafter	Rate	2013	2012
	11/29/16	8/29/2013	3.88%	$5,000,000	$5,000,000
	11/29/16	8/29/2013	4.36%	5,000,000	5,000,000
	11/20/17	8/20/2013	3.82%	3,000,000	3,000,000
	11/29/17	8/29/2013	4.01%	2,500,000	2,500,000
	08/14/18	8/14/2013	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	$24,500,000
Weighted-average rate				3.94%	3.94%

In addition to the above advances, the Bank had an available line of credit amounting to $188,696,000 and $153,381,000, with the FHLB at June 30, 2013 and 2012, 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 $311.5 and $268.9 million, respectively, were pledged to the FHLB at June 30, 2013 and 2012, respectively. The principal maturities of FHLB advances at June 30, 2013, are below:

FHLB Advance Maturities	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 June 30, 2018	5,500,000
July 1, 2018 to thereafter	9,000,000
	$24,500,000