Advances from Federal Home Loan Bank

12 Months Ended

Jun. 30, 2023

Advances from Federal Home Loan Bank

Advances from Federal Home Loan Bank

NOTE 6:  Advances from Federal Home Loan Bank

Advances from Federal Home Loan Bank are summarized as follows:

	Interest		June 30,
Maturity	Rate		2023			2022
			(dollars in thousands)
08/15/22	1.89	%	$	—		$	3,000
11/16/22	0.51	%		—			1,994
03/06/23	0.99	%		—			3,000
07/24/23	0.59	%		998			987
11/15/23	0.57	%		993			980
03/06/24	0.95	%		3,000			3,000
03/28/24	2.56	%		8,000			8,000
07/24/24	0.66	%		1,966			1,940
08/13/24	1.88	%		3,000			3,000
02/21/25	1.53	%		—			5,000
03/06/25	1.01	%		3,000			3,000
07/15/25	0.77	%		1,939			1,913
07/22/26	1.10	%		1,929			1,909
12/14/26	2.65	%		189			234
04/20/26	4.39	%		5,000			—
06/22/26	4.55	%		5,000			—
06/26/26	4.49	%		5,000			—
04/12/27	4.04	%		5,000			—
04/27/27	4.07	%		5,000			—
05/03/27	3.95	%		5,000			—
05/12/27	3.86	%		5,000			—
06/22/27	4.38	%		5,000			—
06/25/27	4.34	%		5,000			—
03/23/28	3.85	%		10,000			—
03/24/28	3.93	%		10,000			—
06/22/28	4.21	%		5,000			—
06/26/28	4.18	%		5,000			—
Overnight	5.35	%		33,500			—
	TOTAL		$	133,514		$	37,957
Weighted-average rate				3.95	%		1.47	%

Of the advances outstanding at June 30, 2023, none are callable by the FHLB prior to maturity. In addition to the above advance, the Bank had additional available credit amounting to $541.3 million and $500.6 million with the FHLB at June 30, 2023 and 2022, respectively.

Advances from FHLB of Des Moines are secured by FHLB stock and commercial real estate and one- to four-family mortgage loans pledged. To secure outstanding advances and the Bank’s line of credit, loans totaling $1.1 billion

and $889.7 million were pledged to the FHLB at June 30, 2023 and 2022, respectively. The principal maturities of FHLB advances at June 30, 2023, are below:

	June 30, 2023
FHLB Advance Maturities	(dollars in thousands)
July 1, 2023 to June 30, 2024	$	46,491
July 1, 2024 to June 30, 2025		7,966
July 1, 2025 to June 30, 2026		1,939
July 1, 2026 to June 30, 2027		47,118
July 1, 2027 to June 30, 2028		30,000
TOTAL	$	133,514