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Advances From Federal Home Loan Bank
12 Months Ended
Dec. 31, 2024
Advances From Federal Home Loan Bank  
Advances From Federal Home Loan Bank

Note 8:     Advances From Federal Home Loan Bank

At December 31, 2024 and 2023, there were no outstanding term advances from the Federal Home Loan Bank of Des Moines. At December 31, 2024 and 2023, there were outstanding overnight borrowings from the Federal Home Loan Bank of Des Moines, which are included in Short-Term Borrowings.

The Bank has pledged FHLB stock, investment securities and first mortgage loans free of other pledges, liens and encumbrances as collateral for outstanding advances or borrowings. Investment securities with carrying values of approximately $110.4 million and $-0-, respectively, were pledged as collateral for FHLB borrowings at December 31, 2024 and 2023. Loans with carrying values of approximately $2.12 billion and $1.74 billion were pledged as collateral for outstanding advances or borrowings at December 31, 2024 and 2023, respectively. The Bank had $1.06 billion remaining available on its line of credit under a borrowing arrangement with the FHLB of Des Moines at December 31, 2024.