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FEDERAL HOME LOAN BANK ADVANCES

9 Months Ended

Dec. 31, 2019

9. FEDERAL HOME LOAN BANK ADVANCES

FHLB advances are summarized as follows (dollars in thousands):


	December 31,			March 31,
	2019			2019
FHLB advances (1)	$	—		$	56,586
Weighted average interest rate on FHLB advances (2)		2.54	%		2.58	%

(1) Consisted of overnight borrowings.

(2) Computed based on the borrowing activity for the nine months ended December 31, 2019 and the fiscal year ended March 31, 2019, respectively.