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Note 8: Advances From Federal Home Loan Bank: Federal Reserve Bank and Federal Home Loan Bank Stock Policy (Policies)
12 Months Ended
Jun. 30, 2017
Policies  
Federal Reserve Bank and Federal Home Loan Bank Stock Policy

 

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: