FHLBank Indianapolis Declares Dividends, Reports Earnings for First Quarter 2019

On April 25, 2019 FHLBank Indianapolis issued its first quarter 2019 earnings release.

Our Board of Directors declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 5.50% and 4.40%, respectively. The dividends will be paid in cash on April 26, 2019.

Highlights include:

  • Net income for the quarter of $33 million, a decrease of $15 million compared to the same quarter in the prior year, primarily due to hedging losses resulting from derivatives in a fair value relationship.
  • FHLBank Indianapolis allocated $4 million to its Affordable Housing Program. Full year 2019 AHP allocations will be available to FHLBank Indianapolis members in 2020.
  • Outstanding advances totaled $32.8 billion – a net increase of $102 million, or less than 1%, from December 31, 2018.
  • Mortgage loan purchases through the Advantage Mortgage Purchase Program totaled $258 million.
  • Mortgage loans held for portfolio totaled $11.4 billion – a net increase of $13 million, or less than 1%, from December 31, 2018.

Click here for the published Q1 2019 earnings release.