XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.25.3

Note 7 - Federal Home Loan Bank of Indianapolis Advances | 9 Months Ended
--- | ---
Sep. 30, 2025
Notes to Financial Statements |
Federal Home Loan Bank Advances, Disclosure [Text Block] | 7. FEDERAL HOME LOAN BANK OF INDIANAPOLIS ADVANCES FHLBI bullet advances totaled $320 million at September 30, 2025, and were scheduled to mature at varying dates from October 2025 through June 2030, with fixed rates of interest from 0.82% to 4.50% and averaging 3.22%. FHLBI bullet advances totaled $360 million at December 31, 2024, and were scheduled to mature at varying dates from January 2025 through June 2030, with fixed rates of interest from 0.70% to 4.54% and averaging 3.10%. Maturities of FHLBI bullet advances as of September 30, 2025 were as follows:
(Dollars in thousands) |  |  |  |
2025 |  | $ | 20,000 |
2026 |  |  | 80,000 |
2027 |  |  | 100,000 |
2028 |  |  | 90,000 |
2029 |  |  | 10,000 |
Thereafter |  |  | 20,000 |
FHLBI amortizing advances totaled $26.2 million as of September 30, 2025, with an average rate of 2.52% and with final maturities in 2042. FHLBI amortizing advances totaled $27.1 million as of December 31, 2024, with an average rate of 2.52% and with final maturities in 2042. FHLBI amortizing advances are obtained periodically to assist in managing interest rate risk associated with certain longer-term fixed rate commercial loans, with annual principal payments that closely align with the scheduled amortization of the underlying commercial loans. Scheduled principal payments on FHLBI amortizing advances as of September 30, 2025 were as follows:
(Dollars in thousands) |  |  |  |
2025 |  | $ | 0 |
2026 |  |  | 900 |
2027 |  |  | 938 |
2028 |  |  | 979 |
2029 |  |  | 1,022 |
Thereafter |  |  | 22,382 |
Each advance is payable at its maturity date, and is subject to a prepayment fee if paid prior to the maturity date. The advances are collateralized by residential mortgage loans, first mortgage liens on multi-family residential property loans, first mortgage liens on commercial real estate property loans, and substantially all other assets of our bank under a blanket lien arrangement. Our borrowing line of credit as of September 30, 2025 totaled $1.08 billion, with remaining availability based on collateral of $725 million.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(3)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_FederalHomeLoanBankAdvancesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration