FEDERAL HOME LOAN BANK ADVANCES |
12 Months Ended | ||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||
| FEDERAL HOME LOAN BANK ADVANCES | |||||||||||||||||||||||||||||||||
| FEDERAL HOME LOAN BANK ADVANCES | 8. FEDERAL HOME LOAN BANK ADVANCES The Company has overnight borrowings through FHLB which are renewed every 90 days until paid. The interest rate of our FHLB overnight borrowings was 3.91% at March 31, 2026. FHLB advances are summarized at the dates indicated (dollars in thousands):
(1) Computed based on the borrowing activity for the fiscal years ended March 31, 2026 and 2025, respectively. The Bank has a credit line with the FHLB equal to 45% of total assets, limited by available collateral. At March 31, 2026, based on collateral values, the Bank had additional borrowing capacity of $268.0 million from the FHLB. FHLB advances are collateralized with loans secured by real estate. At March 31, 2026, loans carried at $472.3 million were pledged as collateral to the FHLB. |
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