On July 25, 2019 FHLBank Indianapolis issued its second 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 July 26, 2019.
Net income for the quarter of $35 million, a decrease of $34 million compared to the same quarter in the prior year, substantially due to the non-recurring net realized gain in the second quarter of 2018 on the sale of all of the Bank's private-label mortgage-backed securities ("PLMBS").
FHLBank Indianapolis allocated $8 million to its Affordable Housing Program for the six months ended June 30, 2019. Full year 2019 AHP allocations will be available to FHLBank Indianapolis members in 2020.
Outstanding advances totaled $33.9 billion – a net increase of $1.2 billion, or 4%, from December 31, 2018, due to increases in long-term advances.
Mortgage loan purchases through the Advantage Mortgage Purchase Program totaled $588 million.
Mortgage loans held for portfolio totaled $11.4 billion – a net decrease of $21 million, or less than 1%, from December 31, 2018.
Click here for the published Q2 2019 earnings release