Advances from Federal Home Loan Bank

12 Months Ended

Jun. 30, 2021

Advances from Federal Home Loan Bank

Advances from Federal Home Loan Bank

NOTE 6:  Advances from Federal Home Loan Bank

Advances from Federal Home Loan Bank are summarized as follows:

	Interest		June 30,
Maturity	Rate		2021			2020
			(dollars in thousands)
09/09/20	2.02	%		—			4,982
11/23/20	2.13	%		—			1,741
01/14/21	1.92	%		—			249
03/31/21	1.68	%		—			248
05/17/21	2.43	%		—			5,000
06/10/21	1.42	%		—			247
09/07/21	2.81	%		9,000			9,000
09/09/21	2.28	%		1,994			1,977
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			3,000
03/31/22	1.91	%		248			246
08/15/22	1.89	%		3,000			3,000
03/06/23	0.99	%		3,000			3,000
03/06/24	0.95	%		3,000			3,000
03/28/24	2.56	%		8,000			8,000
08/13/24	1.88	%		3,000			3,000
02/21/25	1.28	%		5,000			5,000
02/21/25	1.53	%		5,000			5,000
03/06/25	1.01	%		3,000			3,000
12/14/26	2.65	%		287			334
	TOTAL		$	57,529		$	70,024
Weighted-average rate				1.97	%		2.01	%

Of the advances outstanding at June 30, 2021, 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 $383.0 million and $296.6 million with the FHLB at June 30, 2021 and 2020, 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 $769.8 million and $768.7 million were pledged to the FHLB at June 30, 2021 and 2020, respectively. The principal maturities of FHLB advances at June 30, 2021, are below:

	June 30, 2021
FHLB Advance Maturities	(dollars in thousands)
July 1, 2021 to June 30, 2022	$	24,242
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 June 30, 2026		—
July 1, 2025 to thereafter		287
TOTAL	$	57,529