Notes to Consolidated Financial Statements
for the Three Years in the Period Ended June 30, 1999

9. FEDERAL HOME LOAN BANK ADVANCES

The Bank was eligible to receive advances from the FHLB up to $172.0 million and $210.4 million at June 30, 1999 and 1998, respectively. The Bank has pledged qualifying mortgage loans and Federal Home Loan Bank stock as collateral on the following advances from the Federal Home Loan Bank: (in thousands)


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