On February 20, 2020 FHLBank Indianapolis issued its fourth quarter 2019 earnings release.

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 dividends will be paid in cash on February 21, 2020.

Highlights include:

Net income for the quarter of $48 million, an increase of $9 million compared to the same quarter in the prior year, primarily due to net gains resulting from derivatives and hedging activities and net gains on trading securities, partially offset by narrower spreads on the Bank's interest-earning assets.

FHLBank Indianapolis allocated $17 million to its Affordable Housing Program for the year ended December 31, 2019.

Outstanding advances totaled $32.5 billion – a net decrease of $248 million, or 1%, from December 31, 2018, due to a net decrease in short-term advances outstanding of 24% and a net increase in long-term advances outstanding of 19%.

Mortgage loan purchases through the Advantage Mortgage Purchase Program totaled $1.3 billion.

Mortgage loans held for portfolio totaled $10.8 billion – a net decrease of $570 million, or 5%, from December 31, 2018, as principal repayments by borrowers outpaced the Bank's purchases in 2019.

Click here for the published Q4 2019 earnings release