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FEDERAL HOME LOAN BANK ADVANCES

6 Months Ended

Sep. 30, 2025

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES

8.      FEDERAL HOME LOAN BANK ADVANCES

FHLB advances are summarized at the dates indicated (dollars in thousands):

​	​	​	​	​	​	​	​
​		September 30, 2025			March 31, 2025
FHLB advances	​	$	52,300	​	$	76,400	​
Weighted average interest rate on FHLB advances (1)	​		4.58	%		5.17	%

​

(1) Computed based on the borrowing activity for the six months ended September 30, 2025 and the fiscal year ended March 31, 2025, respectively.

​

The Bank has a credit line with the FHLB equal to 45% of total assets, limited by available collateral. At September 30, 2025, based on collateral values, the Bank had additional borrowing capacity of $207.6 million from the FHLB. FHLB advances are collateralized with loans secured by real estate. At September 30, 2025, loans carried at $474.6 million were pledged as collateral to the FHLB.

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- 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

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-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(13)(3)(a))
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-Topic 942
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-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
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-Section 50
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-SubTopic 10
-Topic 470
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