Advances from Federal Home Loan Bank

12 Months Ended

Jun. 30, 2020

Advances from Federal Home Loan Bank

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		2020			2019
Maturity	Rate		(dollars in thousands)
08/19/19	1.52	%	$	—		$	200
11/22/19	1.91	%		—			1,741
12/30/19	1.92	%		—			249
01/14/20	1.76	%		—			249
03/31/20	1.49	%		—			248
06/10/20	1.26	%		—			247
09/09/20	2.02	%		4,982			4,929
11/23/20	2.13	%		1,741			1,725
01/14/21	1.92	%		249			247
03/31/21	1.68	%		248			246
05/17/21	2.43	%		5,000			5,000
06/10/21	1.42	%		247			244
09/07/21	2.81	%		9,000			9,000
09/09/21	2.28	%		1,977			1,960
10/01/21	2.53	%		5,000			5,000
11/16/21	2.43	%		5,000			5,000
03/07/22	0.95	%		3,000			—
03/31/22	1.91	%		246			244
08/15/22	1.89	%		3,000			—
03/06/23	0.99	%		3,000			—
03/06/24	0.95	%		3,000			—
03/28/24	2.56	%		8,000			8,000
08/13/24	1.88	%		3,000			—
02/21/25	1.28	%		5,000			—
02/21/25	1.53	%		5,000			—
03/06/25	1.01	%		3,000			—
12/14/26	2.65	%		334			379
	TOTAL		$	70,024		$	44,908
Weighted-average rate				2.01	%		2.42	%

Of the advances outstanding at June 30, 2020, two advances totaling $10.0 million are callable by the FHLB prior to maturity. In addition to the above advances, the Bank had additional available credit amounting to $296.6 million and $320.1 million with the FHLB at June 30, 2020 and 2019, 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 $768.7 million and $754.4 million were pledged to the FHLB at June 30, 2020 and 2019, respectively. The principal maturities of FHLB advances at June 30, 2020, are below:

	June 30, 2020
FHLB Advance Maturities	(dollars in thousands)
July 1, 2020 to June 30, 2021	$	12,467
July 1, 2021 to June 30, 2022		24,223
July 1, 2022 to June 30, 2023		6,000
July 1, 2023 to June 30, 2024		11,000
July 1, 2024 to June 30, 2025		16,000
July 1, 2025 to thereafter		334
TOTAL	$	70,024