The Federal Home Loan Bank advances totaled $54,124,000 and $32,999,000 as of June 30, 2025 and 2024, respectively. The Federal Home Loan Bank advances are secured by mortgage, multi-family, commercial real estate, and home equity line of credit loans totaling $415,223,000 and $408,196,000 at June 30, 2025 and 2024, respectively. Advances at June 30, 2025, at interest rates from 0.00 to 4.93 percent are subject to restrictions or penalties in the event of prepayment.

The Company also has four Public Unit Deposit letters of credit with the FHLB, whereby the FHLB issues a letter of credit directly to a public unit (i.e. municipality, state, and local government agency) to collateralize and secure its deposits. At June 30, 2025, the outstanding letters of credit amounts were $80,000,000 with a maturity of May 6, 2026, $6,500,000 with a maturity of November 29, 2025, $11,000,000 with a maturity of November 29, 2025, and $9,000,000 with a maturity of December 29, 2025. All four letters of credit are renewable annually and have an interest rate of 0.065 percent. At June 30, 2024, we had four outstanding letters of credit totaling $116,500,000 and an interest rate of 0.065 percent.

Other borrowings include borrowings from the Federal Reserve Bank of Chicago. The Company utilizes the Federal Reserve Bank Discount Window periodically for overnight funding. At June 30, 2025, the collateral value of loans pledged at the Federal Reserve Bank was $35,251,000. The Company had no borrowings from the Federal Reserve Bank at June 30, 2025, and $25,250,000 in borrowings from the Federal Reserve Bank Term Funding Program at June 30, 2024.

In October of 2024, the Company renewed a revolving line of credit up to $4.0 million from CIBC BANK USA for general corporate purposes at a rate equal to prime rate minus 75 basis points, an unused commitment fee of 0.10%, and collateralized by common stock of the Association. The current note matures in October 2025. The Company also has a Fed Funds line of credit in the amount of $10.0 million from CIBC BANK USA. The Company had no outstanding balance at June 30, 2025 or June 30, 2024 on these lines of credit.

Securities sold under agreements to repurchase consist of obligations of the Company to other parties. The carrying value of securities sold under the agreement to repurchase amounted to $18,795,000 at June 30, 2025 and $17,772,000 at June 30, 2024. At June 30, 2025, all $18,795,000 of our repurchase agreements had an overnight maturity. The maximum amount of outstanding agreements at any

month-end

during 2025 and 2024 totaled $18,954,000 and $18,377,000, respectively, and the monthly average of such agreements totaled $18,337,000 and $16,276,000 for 2025 and 2024, respectively. All of our repurchase agreements were secured by U.S. Government, federal agency and GSE securities. The right of offset for a repurchase agreement resembles a secured borrowing, whereby the collateral pledged by the Company would be used to settle the fair value of the repurchase agreement should the Company be in default. The collateral is held by the Company in a segregated custodial account. In the event the collateral fair value falls below stipulated levels, the Company will pledge additional securities. The Company closely monitors collateral levels to ensure adequate levels are maintained.