On April 28, 2022, FHLBank Indianapolis issued its first-quarter 2022 earnings release.
Our Board of Directors declared its first quarter 2022 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 3.50% and 1.00%, respectively. The higher dividend rate on activity-based stock reflects the Board's discretion under our amended capital plan to reward members that use FHLBank Indianapolis in support of their liquidity needs.
The dividends will be paid in cash on April 29, 2022.
Net income for the first quarter of 2022 $28.6 million, a decrease of $1.3 million compared to the corresponding quarter in the prior year.
FHLBank Indianapolis allocated $3.2 million to its Affordable Housing Program for the three months ended March 31, 2022.
Outstanding advances totaled $26.6 billion – a net decrease of $910 million or 3% from December 31, 2021.
Mortgage loans held for portfolio totaled $7.7 billion – a net increase of $86 million, or 1%, from December 31, 2021.
The Bank’s mortgage loan purchases through the Advantage Mortgage Purchase Program totaled $460 million for the three months ended March 31, 2022.
Click here for the published first quarter 2022 earnings release: FHLBank Indianapolis Declares Q1 2022 Dividends, Reports Earnings.