Federal Home Loan Bank Advances and Other Borrowings

3 Months Ended

Sep. 30, 2025

Federal Home Loan Bank Advances and Other Borrowings [Text Block]

Note 8:

Federal Home Loan Bank Advances and Other Borrowings

The FHLB advances totaled $69,124,000 and $54,124,000 as of September 30, 2025 and June 30, 2025, respectively. The FHLB advances are secured by mortgage, multi-family, commercial real estate and home equity line of credit (“HELOC”) loans totaling $422,701,000 at September 30, 2025 and $415,223,000 at June 30, 2025, and are subject to restrictions or penalties in the event of prepayment. Interest rates on advances were from 0.00 to 4.93 percent with maturities from 2025 to 2032 at September 30, 2025, while interest rates on advances were from 0.00 to 4.93 percent with maturities from 2025 to 2032 at June 30, 2025. At September 30, 2025, the Company’s advances included 12 advances at a rate of 0% totaling $3,624,000 as part of the FHLB Community Small Business Advance program.

Other borrowings include borrowings from the Federal Reserve Bank of Chicago. The Company utilizes the Federal Reserve Bank Discount Window periodically for overnight funding. At September 30, 2025, the collateral value of loans pledged at the Federal Reserve Bank was $33,802,000 at September 30, 2025 and $35,251,000 at June 30, 2025. The Company had no borrowings from the Federal Reserve Bank at September 30, 2025 or June 30, 2025.