FEDERAL HOME LOAN BANK ADVANCES |
3 Months Ended | ||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||
| FEDERAL HOME LOAN BANK ADVANCES | |||||||||||||||||||||||||||||||||
| FEDERAL HOME LOAN BANK ADVANCES | 8. FEDERAL HOME LOAN BANK ADVANCES The Company maintains overnight borrowings with the FHLB that are renewed every 90 days until repaid. The interest rate on the Company’s FHLB overnight borrowings was 3.97% at June 30, 2026. FHLB advances are summarized at the dates indicated (dollars in thousands):
(1) Computed based on the borrowing activity for the three months ended June 30, 2026 and the fiscal year ended March 31, 2026, respectively. The Bank has a credit line with the FHLB equal to 45% of total assets, limited by available collateral. At June 30, 2026, based on collateral values, the Bank had additional borrowing capacity of $268.8 million from the FHLB. FHLB advances are collateralized with loans secured by real estate. At June 30, 2026, loans carried at $472.8 million were pledged as collateral to the FHLB. |
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