Note 8: Advances From Federal Home Loan Bank

12 Months Ended

Jun. 30, 2017

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		June 30,
	Quarterly	Interest	2017	2016
Maturity	Thereafter	Rate	(dollars in thousands)
11/29/16		3.88%	-	5,000
11/29/16		4.36%	-	5,000
09/28/17	09/28/17	3.87%	5,035	5,170
11/20/17	08/21/17	3.82%	3,000	3,000
11/27/17	08/28/17	3.24%	5,043	5,146
11/29/17		4.01%	-	2,500
01/08/18	07/10/17	2.75%	5,046	5,125
08/13/18	08/14/17	3.32%	513	525
08/14/18		3.48%	-	4,000
08/14/18	08/14/17	3.98%	5,000	5,000
REPO advance	07/07/17	1.28%	20,000	-
Overnight		0.47%	-	69,750
TOTAL			$           43,637	$           110,216
Weighted-average rate			2.48%	1.65%

In addition to the above advances, the Bank had an available line of credit amounting to $251.8 million and $138.2 million with the FHLB at June 30, 2017 and 2016, 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 $579.3 million and $522.9 million were pledged to the FHLB at June 30, 2017 and 2016, respectively. The principal maturities of FHLB advances at June 30, 2017, are below:

	June 30, 2017
FHLB Advance Maturities	(dollars in thousands)
July 1, 2017 to June 30, 2018	$                   38,124
July 1, 2018 to June 30, 2019	5,513
July 1, 2019 to June 30, 2020	-
July 1, 2020 to June 30, 2021	-
July 1, 2021 to June 30, 2022	-
July 1, 2022 to thereafter	-
TOTAL	$                   43,637