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Comment

Being a small bank with $123 million in assets, we utilize nearly all the FHLBank services to compete and manage risk. This is proven by our relationship with them, which dates to the 1930’s.
The FHLB offers funds management tools, enabling small banks to enjoy some of the same funds management solutions that larger banks have enjoyed over the years. The ability to manage seasonal and long-term liquidity as well as effectively manage IRR is a true benefit to a community bank such as ours. 1-4 Family Owner Occupied “Portfolio” lending is something that has separated CFSB from its competitors over the years. The FHLBank Topeka affords us the ability to manage the risks inherent with maintaining such a loan portfolio. Qualified borrowers have benefited from the Homeowner Set-Aside program when they have needed down payment, closing cost or repair assistance. The FHLBank not only helps the banks it serves, but also the customers and communities that the member banks operate in.
Whether it be Advances, Letters of Credit, MPF, Safekeeping, or wire transfers, we have employed them all. Custer Federal State Bank is better equipped to meet customer needs because of the services offered by the FHLBank Topeka. Broken Bow, Kearney and the surrounding area is better because of the FHLBank Topeka providing quality services to area banks. The presence of strong, well equipped financial institutions within rural communities, such as the ones we serve, makes a noticeable difference in the success of those rural communities.

Brad Shinn
President/CEO/Chairman
Custer Federal State Bank