v3.26.1
Advances from Federal Home Loan Bank
12 Months Ended
Jun. 30, 2026
Advances from Federal Home Loan Bank  
Advances from Federal Home Loan Bank

NOTE 7:  Advances from Federal Home Loan Bank

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 $1.6 billion and $1.5 billion were pledged to the FHLB at June 30, 2026 and 2025, respectively. The principal maturities and weighted average rates of FHLB advances at June 30, 2026 and 2025, are below:

June 30, 2026

June 30, 2025

Amount

Weighted

Amount

Weighted

FHLB Advance Maturities

  ​ ​ ​

(dollars in thousands)

Rate

(dollars in thousands)

Rate

Maturing within one year

$

65,424

3.99

%

$

16,995

4.04

%

Maturing one year through two years

45,000

4.08

%

37,057

4.00

%

Maturing two years through three years

20,000

4.12

%

45,000

4.08

%

Maturing three years through four years

%

5,000

4.19

%

Maturing four years through five years

%

%

Thereafter

%

%

TOTAL

$

130,424

4.04

%

$

104,052

4.05

%

Of the advances outstanding at June 30, 2026, none are callable by the FHLB prior to maturity. In addition to the above advances, the Bank had additional available credit amounting to $918.4 million and $752.6 million with the FHLB at June 30, 2026 and 2025, respectively.