Note 8: Advances From Federal Home Loan Bank

12 Months Ended

Jun. 30, 2016

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		June 30,
	Quarterly	Interest	2016	2015
Maturity	Thereafter	Rate	(dollars in thousands)
08/31/15	08/31/15	4.80%	-	503
11/29/16	08/29/16	3.88%	5,000	5,000
11/29/16	08/29/16	4.36%	5,000	5,000
09/28/17	09/28/16	3.87%	5,170	5,303
11/20/17	08/22/16	3.82%	3,000	3,000
11/27/17	08/29/16	3.24%	5,146	5,248
11/29/17	08/29/16	4.01%	2,500	2,500
01/08/18	07/08/16	2.75%	5,125	5,203
08/13/18	08/12/16	3.32%	525	537
08/14/18	08/15/16	3.48%	4,000	4,000
08/14/18	08/15/16	3.98%	5,000	5,000
Overnight		0.47%	69,750	-
Overnight		0.29%	-	23,500
		TOTAL	$110,216	$64,794
Weighted-average rate			1.65%	2.46%

In addition to the above advances, the Bank had an available line of credit amounting $138.2 million and $307.4 million with the FHLB at June 30, 2016 and 2015, 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 $522.9 million and $525.5 million were pledged to the FHLB at June 30, 2016 and 2015, respectively. The principal maturities of FHLB advances at June 30, 2016, are below:

				June 30, 2016
FHLB Advance Maturities				(dollars in thousands)
July 1, 2016 to June 30, 2017				$ 79,750
July 1, 2017 to June 30, 2018				20,941
July 1, 2018 to June 30, 2019				9,525
July 1, 2019 to June 30, 2020				-
July 1, 2020 to June 30, 2021				-
July 1, 2021 to thereafter				-
TOTAL				$ 110,216