FHLBI Declares Dividends, Reports Earnings; Advances to Depository Members Up 33%

Yesterday, FHLBI issued its second quarter 2017 earnings release.

Highlights include:

  • Net income for the quarter of $38 million, and $69 million for six months ended.
  • FHLBI allocated $8 million to its Affordable Housing Program through June 30, 2017.
  • Outstanding advances at quarter-end totaled $32.3 billion – a net increase of $4.2 billion (15%) from December 31, 2016
  • Mortgage loans held for portfolio totaled $9.9 billion – a net increase of $393 million (4%) from December 31, 2016.
  • FHLBI's mortgage loan purchases through the Advantage Mortgage Purchase Program totaled $1 billion.
  • Our Board of Directors declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 4.25% and 3.40%, respectively. The dividend amounts will pay in cash today, July 28, 2017.

Click here for the published second quarter earnings release.