FHLBank Indianapolis announces Q3 Earnings

On October 25, FHLBank Indianapolis issued its third quarter 2018 earnings release.

Our Board of Directors declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 4.50% and 3.60%, respectively. The dividends will be paid in cash on October 26, 2018.

Highlights include:
    • Net income for the quarter of $39 million, a decrease of $2 million compared to the              same quarter last year, primarily due to higher net losses on derivatives and hedging            activities, and higher operating expenses, partially offset by higher net interest income. 
    • FHLBank Indianapolis allocated $18 million to its Affordable Housing Program. Full              year 2018 AHP allocations will be available to FHLBank Indianapolis members in 2019.
    • Outstanding advances totaled $33.6 billion – a net decrease of $488 million from                  December 31, 2017.
    • Mortgage loans held for portfolio totaled $11.3 billion – a net increase of $938 million            (9%) from December 31, 2017.
    • The Bank’s mortgage loan purchases through the Advantage Mortgage Purchase                Program totaled $1.9 billion.

Click here for the published third quarter 2018 earnings release.