Advances from Federal Home Loan Bank

12 Months Ended

Jun. 30, 2025

Advances from Federal Home Loan Bank

Advances from Federal Home Loan Bank

NOTE 7:  Advances from Federal Home Loan Bank

Advances from Federal Home Loan Bank are summarized as follows:

	Interest		June 30,
Maturity	Rate		2025			2024
			(dollars in thousands)
07/24/24	0.66	%		—			1,995
08/13/24	1.88	%		—			3,000
03/06/25	1.01	%		—			3,000
07/15/25	0.77	%		1,995			1,967
04/20/26	4.39	%		5,000			5,000
06/22/26	4.55	%		5,000			5,000
06/26/26	4.49	%		5,000			5,000
07/17/26	4.54	%		5,000			5,000
07/22/26	1.10	%		1,973			1,951
12/14/26	2.65	%		84			137
04/12/27	4.04	%		5,000			5,000
04/27/27	4.07	%		5,000			5,000
05/03/27	3.95	%		5,000			5,000
05/12/27	3.86	%		5,000			5,000
06/22/27	4.38	%		5,000			5,000
06/25/27	4.34	%		5,000			5,000
07/19/27	4.37	%		5,000			5,000
07/19/27	4.22	%		10,000			—
03/23/28	3.85	%		10,000			10,000
03/24/28	3.93	%		10,000			10,000
06/22/28	4.21	%		5,000			5,000
06/26/28	4.18	%		5,000			5,000
07/18/28	4.19	%		5,000			5,000
	TOTAL		$	104,052		$	102,050
Weighted-average rate				4.05	%		3.82	%

Of the advances outstanding at June 30, 2025, none are callable by the FHLB prior to maturity. In addition to the above advances, the Bank had additional available credit amounting to $752.6 million and $742.5 million with the FHLB at June 30, 2025 and 2024, respectively.

Advances from FHLB of Des Moines are secured by FHLB stock and commercial real estate loans, one- to four-family mortgage loans and multi-family mortgage loans pledged. To secure outstanding advances and the Bank’s line of credit, loans totaling $1.5 billion and $1.4 billion were pledged to the FHLB at June 30, 2025 and 2024, respectively. The principal maturities of FHLB advances at June 30, 2025, are below:

	June 30, 2025
FHLB Advance Maturities	(dollars in thousands)
July 1, 2025 to June 30, 2026	$	16,995
July 1, 2026 to June 30, 2027		37,057
July 1, 2027 to June 30, 2028		45,000
July 1, 2028 to June 30, 2029		5,000
July 1, 2029 to June 30, 2030		—
TOTAL	$	104,052