NOTE 8: Advances from Federal Home Loan Bank

12 Months Ended

Jun. 30, 2019

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:

		June 30,
	Interest	2019	2018
Maturity	Rate	(dollars in thousands)

08/13/18	3.32%	$ -	$ 501
08/14/18	3.98%	-	5,000
10/09/18	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%	200	396
11/22/19	1.91%	1,741	-
12/30/19	1.92%	249	248
01/14/20	1.76%	249	247
03/31/20	1.49%	248	246
06/10/20	1.26%	247	244
09/09/20	2.02%	4,929	-
11/23/20	2.13%	1,725	-
01/14/21	1.92%	247	245
03/31/21	1.68%	246	243
05/17/21	2.43%	5,000	-
06/10/21	1.42%	244	241
09/07/21	2.81%	9,000	-
09/09/21	2.28%	1,960	-
10/01/21	2.53%	5,000	-
11/16/21	2.43%	5,000	-
03/31/22	1.91%	244	242
03/28/24	2.56%	8,000	-
12/14/26	2.65%	379	-
Overnight	2.03%	-	66,550
TOTAL		$ 44,908	$ 76,652
Weighted-average rate		2.42%	2.18%

Of the advances outstanding at June 30, 2019, none were callable by the FHLB rior to maturity. In addition to the above advances, the Bank had an available line of credit amounting to $320.1 million and $267.0 million with the FHLB at June 30, 2019 and 2018, respectively, with none being drawn 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 $754.4 million and $706.2 million were pledged to the FHLB at June 30, 2019 and 2018, respectively. The principal maturities of FHLB advances at June 30, 2018, are below:

	June 30, 2019
FHLB Advance Maturities	(dollars in thousands)

July 1, 2019 to June 30, 2020	$ 2,934
July 1, 2020 to June 30, 2021	12,391
July 1, 2021 to June 30, 2022	21,204
July 1, 2022 to June 30, 2023	-
July 1, 2023 to June 30, 2024	8,000
July 1, 2024 to thereafter	379
TOTAL	$ 44,908