Federal Home Loan Bank Advances

12 Months Ended

Dec. 31, 2016

Federal Home Loan Bank Advances [Abstract]

Federal Home Loan Bank Advances

Note 9: Federal Home Loan Bank Advances

At December 31, 2016, advances from the Federal Home Loan Bank were as follows:

Interest Rate Range	Maturing year ending December 31,	Amount
			(In thousands)
0.97% - 1.42%	2017	$	6,000
1.30% - 1.33%	2018		6,000
1.47% - 1.55%	2019		6,000
		$	18,000

The Federal Home Loan Bank advances are secured by mortgage loans totaling $140.5 million at December 31, 2016.

Additionally, as a member of the Federal Home Loan Bank system at December 31, 2016, the Bank had the ability to obtain up to $100.0 million in additional borrowings. Borrowings from the FHLB are secured by a blanket pledge of the one-to-four family residential real estate loan portfolio. The Bank’s borrowing capacity can be further increased by the pledge of additional collateral, including additional types of loans from the Bank’s loan portfolio and unpledged investment securities.

At December 31, 2016, the Bank had a cash management line of credit with the Federal Reserve Bank in the amount of $18.7 million, none of which was drawn. The Bank had approximately $18.8 million of state and political subdivision bonds pledged as collateral for this line of credit.