Note 8: Advances From Federal Home Loan Bank

12 Months Ended

Jun. 30, 2018

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	2018	2017
Maturity	Thereafter	Rate	(dollars in thousands)
09/28/17		3.87%	-	5,035
11/20/17		3.82%	-	3,000
11/27/17		3.24%	-	5,043
01/08/18		2.75%	-	5,046
08/13/18	08/13/18	3.32%	501	513
08/14/18	08/14/18	3.98%	5,000	5,000
10/09/18	07/09/18	3.38%	1,503	-
12/28/18		1.69%	249	-
04/01/19		1.60%	249	-
04/01/19		1.27%	248	-
08/19/19		1.52%	396	-
12/30/19		1.92%	248	-
01/14/20		1.76%	247	-
03/31/20		1.49%	246	-
06/10/20		1.26%	244	-
01/14/21		1.92%	245	-
03/31/21		1.68%	243	-
06/10/21		1.42%	241	-
03/31/22		1.91%	242	-
REPO advance		1.28%	-	20,000
Overnight		2.03%	66,550	-
		TOTAL	$                 76,652	$                   43,637
Weighted-average rate			2.18%	2.48%

In addition to the above advances, the Bank had an available line of credit amounting to $267.0 million and $251.8 million with the FHLB at June 30, 2018 and 2017, respectively, with none being draw at both period ends.

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 $706.2 million and $579.3 million were pledged to the FHLB at June 30, 2018 and 2017, respectively. The principal maturities of FHLB advances at June 30, 2018, are below:

		June 30, 2018
FHLB Advance Maturities		(dollars in thousands)
July 1, 2018 to June 30, 2019		$                   74,300
July 1, 2019 to June 30, 2020		1,381
July 1, 2020 to June 30, 2021		729
July 1, 2021 to June 30, 2022		242
July 1, 2022 to June 30, 2023		-
July 1, 2023 to thereafter		-
	TOTAL	$                   76,652