Note 9: Advances From Federal Home Loan Bank

12 Months Ended

Dec. 31, 2013

Notes

Note 9: Advances From Federal Home Loan Bank

Note 9:      Advances From Federal Home Loan Bank

Advances from the Federal Home Loan Bank at December 31, 2013 and 2012, consisted of the following:

	December 31, 2013		December 31, 2012
		Weighted		Weighted
		Average		Average
		Interest		Interest
Due In	Amount	Rate	Amount	Rate
(In Thousands)
2013	$--	--%	$1,081	1.71%
2014	2,315	1.02	335	5.46
2015	10,065	3.87	10,065	3.87
2016	25,070	3.81	25,070	3.81
2017	85,825	3.92	85,825	3.92
2018	81	5.06	81	5.06
2019 and thereafter	529	5.51	529	5.51
	123,885	3.85	122,986	3.89
Unamortized fair value adjustment	2,872		3,744
	$126,757		$126,730

Included in the Bank’s FHLB advances at December 31, 2013 and 2012, is a $10.0 million advance with a maturity date of October 26, 2015.  The interest rate on this advance is 3.86%.  The advance has a call provision that allows the Federal Home Loan Bank of Topeka to call the advance quarterly.

Included in the Bank’s FHLB advances at December 31, 2013 and 2012, is a $25.0 million advance with a maturity date of December 7, 2016.  The interest rate on this advance is 3.81%.  The advance has a call provision that allows the Federal Home Loan Bank of Des Moines to call the advance quarterly.

Included in the Bank’s FHLB advances at December 31, 2013 and 2012, is a $30.0 million advance with a maturity date of March 29, 2017.  The interest rate on this advance is 4.07%.  The advance has a call provision that allows the Federal Home Loan Bank of Des Moines to call the advance quarterly.

Included in the Bank’s FHLB advances at December 31, 2013 and 2012, is a $25.0 million advance with a maturity date of June 20, 2017.  The interest rate on this advance is 4.57%.  The advance has a call provision that allows the Federal Home Loan Bank of Des Moines to call the advance quarterly.

Included in the Bank’s FHLB advances at December 31, 2013 and 2012, is a $30.0 million advance with a maturity date of November 24, 2017.  The interest rate on this advance is 3.20%.  The advance has a call provision that allows the Federal Home Loan Bank of Des Moines to call the advance quarterly.

The Bank has pledged FHLB stock, investment securities and first mortgage loans free of pledges, liens and encumbrances as collateral for outstanding advances.  No investment securities were specifically pledged as collateral for advances at December 31, 2013 and 2012.  Loans with carrying values of approximately $878.5 million and $905.8 million were pledged as collateral for outstanding advances at December 31, 2013 and 2012, respectively.  The Bank had potentially available $407.4 million remaining on its line of credit under a borrowing arrangement with the FHLB of Des Moines at December 31, 2013.