Note 11: Borrowings

The Federal Home Loan Bank advances were secured by $93.1 million in mortgage loans at December 31, 2016. Advances, at interest rates from 0.74 to 1.96 percent, are subject to restrictions or penalties in the event of prepayment. Aggregate annual maturities of Federal Home Loan Bank advances at December 31, 2016, were:

($ in thousands)	Debt

2017		13,000
2018		7,000
2019		6,500
2020		-
2021		-
Total	$	26,500

On September 15, 2005, RST II, a wholly-owned subsidiary of the Company, closed a pooled private offering of 10,000 Capital Securities with a liquidation amount of $1,000 per security. The proceeds of the offering were loaned to the Company in exchange for junior subordinated debentures with terms similar to the Capital Securities. Distributions on the Capital Securities are payable quarterly at a variable rate that is based upon the 3-month LIBOR plus 1.80 percent and are included in interest expense in the consolidated financial statements. These securities may be included in Tier 1 capital (with certain limitations applicable) under current regulatory guidelines and interpretations.