Advances from Federal Home Loan Bank

12 Months Ended

Jun. 30, 2022

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		2022			2021
			(dollars in thousands)
09/07/21	2.81	%		—			9,000
09/09/21	2.28	%		—			1,994
10/01/21	2.53	%		—			5,000
11/16/21	2.43	%		—			5,000
03/07/22	0.95	%		—			3,000
03/31/22	1.91	%		—			248
08/15/22	1.89	%		3,000			3,000
11/16/22	0.51	%		1,994			—
03/6/23	0.99	%		3,000			3,000
07/24/23	0.59	%		987			—
11/15/23	0.57	%		980			—
03/6/24	0.95	%		3,000			3,000
03/28/24	2.56	%		8,000			8,000
07/24/24	0.66	%		1,940			—
08/13/24	1.88	%		3,000			3,000
02/21/25	1.28	%		—			5,000
02/21/25	1.53	%		5,000			5,000
03/6/25	1.01	%		3,000			3,000
07/15/25	0.77	%		1,913			—
07/22/26	1.10	%		1,909			—
12/14/26	2.65	%		234			287
	TOTAL		$	37,957		$	57,529
Weighted-average rate				1.47	%		1.97	%

Of the advances outstanding at June 30, 2022, one advance totaling $5.0 million is callable by the FHLB prior to maturity. In addition to the above advance, the Bank had additional available credit amounting to $500.6 million and $383.0 million with the FHLB at June 30, 2022 and 2021, 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 $889.7 million and $769.8 million were pledged to the FHLB at June 32, 2022 and 2021, respectively. The principal maturities of FHLB advances at June 30, 2022, are below:

	June 30, 2022
FHLB Advance Maturities	(dollars in thousands)
July 1, 2022 to June 30, 2023	$	7,994
July 1, 2023 to June 30, 2024		12,967
July 1, 2024 to June 30, 2025		12,940
July 1, 2025 to June 30, 2026		1,913
July 1, 2026 to June 30, 2027		2,143
TOTAL	$	37,957