On April 29, 2020 FHLBank Indianapolis issued its first quarter 2020 earnings release.
Our Board of Directors declared dividends on Class B-1 and Class B-2 capital stock at annualized rates of 4.00% and 3.20%, respectively. The dividends were paid in cash on April 30, 2020.
Net income for the quarter of $30 million, a decrease of $3 million compared to the same quarter in the prior year.
FHLBank Indianapolis allocated $3 million to its Affordable Housing Program for the three months ended March 31, 2020. Full year 2020 AHP allocations will be available to FHLBank Indianapolis members in 2021.
Outstanding advances totaled $38.9 billion – a net increase of $6.4 billion, or 20%, from December 31, 2019.
Mortgage loan purchases through the Advantage Mortgage Purchase Program totaled $360 million.
Mortgage loans held for portfolio totaled $10.6 billion – a net decrease of $166 million, or 2%, from December 31, 2019.
Click here for the published Q1 2020 earnings release.