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  • Comment Detail

  • Date: 10/12/22
    First Name: Zac
    Last Name: Hoppes
    Email: zhoppes@fsb-online.com
    Organization Type: other
    Organization: Farmers State Bank

  • Comment

    We wanted to take the opportunity to comment on our relationship with FHLB-Topeka and our perspective on the Home Loan Bank system. The FHLB is our primary source of wholesale funding. We utilize multiple borrowing products, include the overnight LOC, amortizing term advances, and Bullet Term advances. We also participate in the FHLB MPF program to originate secondary market home loans. Without FHLB-Topeka, we would be without a main source of liquidity, and would miss out on the opportunity to provide competitive home loans in our market.