The following table presents the Bank’s advances outstanding by year of contractual maturity.


	As of June 30, 2026		As of December 31, 2025

Due in one year or less	$	68,926	$	67,939
Due after one year through two years	20,480		13,298
Due after two years through three years	6,282		5,938
Due after three years through four years	1,584		3,002
Due after four years through five years	1,992		1,920
Due after five years	2,422		3,002
Total par value	101,686		95,099
Deferred prepayment fees	(1)		(1)
Discounts	(1)		(1)
Hedging adjustments	(280)		(119)

Total (1)	$	101,404	$	94,978

___________

(1) Carrying amounts exclude accrued interest receivable of $407 and $380 as of June 30, 2026 and December 31, 2025, respectively.

The following table presents advances by year of contractual maturity or, for convertible advances, next available conversion date.


	As of June 30, 2026		As of December 31, 2025

Due or convertible in one year or less	$	72,148	$	72,029
Due or convertible after one year through two years	20,377		12,656
Due or convertible after two years through three years	5,069		5,433
Due or convertible after three years through four years	1,303		1,993
Due or convertible after four years through five years	1,759		1,624
Due or convertible after five years	1,030		1,364
Total par value	$	101,686	$	95,099


	As of June 30, 2026		As of December 31, 2025
Fixed-rate:
Due in one year or less	$	18,870	$	15,415
Due after one year	15,282		17,951
Total fixed-rate	34,152		33,366
Variable-rate:
Due in one year or less	50,056		52,524
Due after one year	17,478		9,209
Total variable-rate	67,534		61,733
Total par value	$	101,686	$	95,099

The Bank’s advances are concentrated in commercial banks, credit unions, insurance companies, and savings institutions and are further concentrated in certain larger borrowing relationships. The concentration of the Bank’s advances to its 10 largest borrowers was $73,893, or 72.7 percent of total advances, and $68,719, or 72.3 percent of total advances, as of June 30, 2026 and December 31, 2025, respectively.

Based on the Bank’s credit analysis of members’ financial condition, prior repayment history, and the collateral pledged as security for advances, no allowance for credit losses on advances was deemed necessary by the Bank as of June 30, 2026 and December 31, 2025. No advance was past due, on nonaccrual status, or considered impaired as of June 30, 2026 and December 31, 2025. There were no write-offs of advances or modification of advances to borrowers experiencing financial difficulties during the six months ended June 30, 2026 and 2025.