FHLB Advances and Other Borrowings

FHLB advances and other borrowings consist of the following at December 31, 2016 and September 30, 2016:



	December 31, 2016		September 30, 2016
	(dollars in thousands)
Notes payable to Federal Home Loan Bank (FHLB), interest rates from 0.66% to 3.66% and maturity dates from May 2017 to September 2023, collateralized by real estate loans and FHLB stock, with various call dates at the option of the FHLB	$	636,000	$	640,000
Federal Home Loan Bank fed funds advance, interest rate of 0.81%, maturity date of September 2017	75,000		231,000
Total	711,000		871,000
Fair value adjustment¹	29		37
Total FHLB advances and other borrowings	$	711,029	$	871,037

¹ Adjustment reflects the fair value adjustments related to the FHLB advances and notes payable assumed as part of the HF Financial acquisition.

The Company has a $10.0 million revolving line of credit with a large retail bank, which expires on July 28, 2017. The line of credit has an interest rate of one month LIBOR plus 200 basis points, with interest payable monthly. There is also an unused line fee of .20% on the unused portion which is payable quarterly. The interest rate was 2.62% at December 31, 2016. There were no outstanding advances on this line of credit at December 31, 2016 and September 30, 2016.

As of December 31, 2016, based on its Federal Home Loan Bank stock holdings, the combined aggregate additional borrowing capacity of the Company with the Federal Home Loan Bank was $1.32 billion.

Principal balances of loans pledged to the Federal Home Loan Bank to collateralize notes payable totaled $3.23 billion and $3.11 billion at December 31, 2016 and September 30, 2016, respectively.

As of December 31, 2016, FHLB advances and other borrowings are due or callable (whichever is earlier) in subsequent fiscal years as follows:



	(dollars in thousands)
Remaining in 2017	$	100,000
2018	31,000
2019	—
2020	—
2021	70,000
2022 and thereafter	510,000
Total	$	711,000