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Borrowings
6 Months Ended
Jun. 30, 2016
Disclosure of Repurchase Agreements [Abstract]  
Borrowings

Note 7 Borrowings

 

As a member of the FHLB of Topeka, the Bank has access to term financing from the FHLB. These borrowings are secured under an advance, pledge and securities agreement, which includes primarily mortgage-backed securities. Total advances at both June 30, 2016 and December 31, 2015 were $40.0 million, with maturity dates of 2016 - 2020 and interest rates of 0.84% - 2.33%. All of the outstanding advances have fixed interest rates. Interest expense related to FHLB advances totaled $166 thousand and $332 thousand for the three and six months ended June 30, 2016.