Note 8: Advances From Federal Home Loan Bank

12 Months Ended

Jun. 30, 2015

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	2015	2014
Maturity	Thereafter	Rate	(dollars in thousands)
08/31/15	8/31/2015	4.80%	$503	$523
11/29/16	8/31/2015	3.88%	5,000	5,000
11/29/16	8/31/2015	4.36%	5,000	5,000
09/28/17	9/28/2015	3.87%	5,303	-
11/20/17	8/20/2015	3.82%	3,000	3,000
11/27/17	8/27/2015	3.24%	5,248	-
11/29/17	8/31/2015	4.01%	2,500	2,500
01/08/18	7/08/2015	2.75%	5,203	-
08/13/18	8/12/2015	3.32%	537	549
08/14/18	8/14/2015	3.48%	4,000	4,000
08/14/18	8/14/2015	3.98%	5,000	5,000
Overnight		0.29%	23,500	-
Overnight		0.28%	-	59,900
		TOTAL	$64,794	$85,472
Weighted-average rate			2.46%	1.38%

In addition to the above advances, the Bank had an available line of credit amounting to $307.4 million and $195.8 million with the FHLB at June 30, 2015 and 2014, 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 $525.5 million and $396.4 million, respectively, were pledged to the FHLB at June 30, 2015 and 2014, respectively. The principal maturities of FHLB advances at June 30, 2015, are below:

	June 30, 2015
FHLB Advance Maturities	(dollars in thousands)
July 1, 2015 to June 30, 2016	$24,003
July 1, 2016 to June 30, 2017	10,000
July 1, 2017 to June 30, 2018	21,254
July 1, 2018 to June 30, 2019	9,537
July 1, 2019 to June 30, 2020	-
July 1, 2020 to thereafter	-
TOTAL	$64,794