Comment Detail
Date: 10/19/22 First Name: Tom Last Name: Gdowski Email: tgdowski@equitableonline.com Organization Type: other Organization: Equitable Bank Comment
Our bank operates only in Nebraska. We annually generate $15 to $40 million in residential mortgages. Our organization has grown from approximately $200 million 9 years ago to nearing $500 million. Our partnership with the FHLB has played a key in this growth. The Mortgage Partnership Program has provided us a tool to service loans locally. Also using mortgage related loans as collateral for advances and funding our bank is a key to our overall balance sheet management. Providing a source of liquidity to banks is a key benefit of the FHLB and helps us provide our customers to buy a home or run a business.
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