v3.25.2
Mortgage Loans (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Mortgage Loans Held For Portfolio Table 5.1 presents information as of June 30, 2025 and December 31, 2024 on mortgage loans held for portfolio (in thousands). Carrying amounts exclude accrued interest receivable of $57,714,000 and $54,997,000 as of June 30, 2025 and December 31, 2024, respectively.
Table 5.1
 06/30/202512/31/2024
Real estate:  
Fixed-rate, medium-term1, single-family mortgages
$874,370 $928,996 
Fixed-rate, long-term, single-family mortgages
8,237,224 7,948,931 
Total unpaid principal balance9,111,594 8,877,927 
Premiums95,682 95,760 
Discounts(9,985)(6,904)
Deferred loan costs, net31 34 
Hedging adjustments(12,745)(13,351)
Total before allowance for credit losses on mortgage loans9,184,577 8,953,466 
Allowance for credit losses on mortgage loans(3,999)(4,033)
MORTGAGE LOANS HELD FOR PORTFOLIO, NET$9,180,578 $8,949,433 
                   
1    Medium-term defined as a term of 15 years or less at origination.
Table 5.2 presents information as of June 30, 2025 and December 31, 2024 on the outstanding unpaid principal balance of mortgage loans held for portfolio (in thousands):

Table 5.2
 06/30/202512/31/2024
Conventional loans$8,791,117 $8,553,518 
Government-guaranteed or -insured loans320,477 324,409 
TOTAL UNPAID PRINCIPAL BALANCE$9,111,594 $8,877,927 
Financing Receivable Credit Quality Indicators
Table 5.3 presents the payment status based on amortized cost as well as other delinquency statistics for FHLBank’s mortgage loans as of June 30, 2025 (dollar amounts in thousands):

Table 5.3
 06/30/2025
Conventional LoansGovernment
Loans		Total
Origination YearSubtotal
 Prior to 202120212022202320242025
Amortized Cost:1
   
Past due 30-59 days delinquent
$29,196 $11,252 $6,157 $5,314 $2,770 $1,412 $56,101 $8,041 $64,142 
Past due 60-89 days delinquent
11,028 2,567 3,404 1,857 1,036 — 19,892 4,008 23,900 
Past due 90 days or more delinquent
8,472 1,572 2,227 1,841 425 — 14,537 3,338 17,875 
Total past due48,696 15,391 11,788 9,012 4,231 1,412 90,530 15,387 105,917 
Total current loans3,601,850 1,512,879 736,122 973,036 1,335,098 611,176 8,770,161 308,499 9,078,660 
Total mortgage loans$3,650,546 $1,528,270 $747,910 $982,048 $1,339,329 $612,588 $8,860,691 $323,886 $9,184,577 
Other delinquency statistics:   
In process of foreclosure2
$5,863 $418 $6,281 
Serious delinquency rate3
0.2 %1.1 %0.2 %
Past due 90 days or more and still accruing interest
$— $3,338 $3,338 
Loans on nonaccrual status4
$25,666 $— $25,666 
                   
1    Excludes accrued interest receivable.
2    Includes loans where the decision of foreclosure or similar alternative such as pursuit of deed-in-lieu has been reported. Loans in process of foreclosure are included in past due or current loans depending on their delinquency status.
3    Loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total amortized cost for the portfolio class.
4    Includes $15,557,000 of conventional mortgage loans on nonaccrual status that did not have an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value or the fair value of the underlying collateral was greater than the amortized cost of the loans.
Table 5.4 presents the payment status based on amortized cost as well as other delinquency statistics for FHLBank’s mortgage loans as of December 31, 2024 (dollar amounts in thousands):

Table 5.4
12/31/2024
Conventional LoansGovernment
Loans		Total
Origination YearSubtotal
Prior to 201920192020202120222023
Amortized Cost:1
   
Past due 30-59 days delinquent
$30,714 $5,594 $8,215 $7,165 $7,532 $4,087 $63,307 $9,669 $72,976 
Past due 60-89 days delinquent
8,402 1,290 1,680 2,017 1,514 213 15,116 3,572 18,688 
Past due 90 days or more delinquent
10,006 1,414 1,738 1,846 3,922 381 19,307 6,509 25,816 
Total past due49,122 8,298 11,633 11,028 12,968 4,681 97,730 19,750 117,480 
Total current loans2,425,528 1,372,758 1,583,252 770,774 1,027,080 1,348,195 8,527,587 308,399 8,835,986 
Total mortgage loans$2,474,650 $1,381,056 $1,594,885 $781,802 $1,040,048 $1,352,876 $8,625,317 $328,149 $8,953,466 
Other delinquency statistics:   
In process of foreclosure2
$3,124 $305 $3,429 
Serious delinquency rate3
0.2 %2.0 %0.3 %
Past due 90 days or more and still accruing interest
$— $6,509 $6,509 
Loans on nonaccrual status4
$24,402 $— $24,402 
                   
1    Excludes accrued interest receivable.
2    Includes loans where the decision of foreclosure or similar alternative such as pursuit of deed-in-lieu has been reported. Loans in process of foreclosure are included in past due or current loans depending on their delinquency status.
3    Loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total amortized cost for the portfolio class.
4    Includes $11,301,000 of conventional mortgage loans on nonaccrual status that did not have an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value or the fair value of the underlying collateral was greater than the amortized cost of the loans.
Financing Receivable, Past Due
Table 5.3 presents the payment status based on amortized cost as well as other delinquency statistics for FHLBank’s mortgage loans as of June 30, 2025 (dollar amounts in thousands):

Table 5.3
 06/30/2025
Conventional LoansGovernment
Loans		Total
Origination YearSubtotal
 Prior to 202120212022202320242025
Amortized Cost:1
   
Past due 30-59 days delinquent
$29,196 $11,252 $6,157 $5,314 $2,770 $1,412 $56,101 $8,041 $64,142 
Past due 60-89 days delinquent
11,028 2,567 3,404 1,857 1,036 — 19,892 4,008 23,900 
Past due 90 days or more delinquent
8,472 1,572 2,227 1,841 425 — 14,537 3,338 17,875 
Total past due48,696 15,391 11,788 9,012 4,231 1,412 90,530 15,387 105,917 
Total current loans3,601,850 1,512,879 736,122 973,036 1,335,098 611,176 8,770,161 308,499 9,078,660 
Total mortgage loans$3,650,546 $1,528,270 $747,910 $982,048 $1,339,329 $612,588 $8,860,691 $323,886 $9,184,577 
Other delinquency statistics:   
In process of foreclosure2
$5,863 $418 $6,281 
Serious delinquency rate3
0.2 %1.1 %0.2 %
Past due 90 days or more and still accruing interest
$— $3,338 $3,338 
Loans on nonaccrual status4
$25,666 $— $25,666 
                   
1    Excludes accrued interest receivable.
2    Includes loans where the decision of foreclosure or similar alternative such as pursuit of deed-in-lieu has been reported. Loans in process of foreclosure are included in past due or current loans depending on their delinquency status.
3    Loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total amortized cost for the portfolio class.
4    Includes $15,557,000 of conventional mortgage loans on nonaccrual status that did not have an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value or the fair value of the underlying collateral was greater than the amortized cost of the loans.
Table 5.4 presents the payment status based on amortized cost as well as other delinquency statistics for FHLBank’s mortgage loans as of December 31, 2024 (dollar amounts in thousands):

Table 5.4
12/31/2024
Conventional LoansGovernment
Loans		Total
Origination YearSubtotal
Prior to 201920192020202120222023
Amortized Cost:1
   
Past due 30-59 days delinquent
$30,714 $5,594 $8,215 $7,165 $7,532 $4,087 $63,307 $9,669 $72,976 
Past due 60-89 days delinquent
8,402 1,290 1,680 2,017 1,514 213 15,116 3,572 18,688 
Past due 90 days or more delinquent
10,006 1,414 1,738 1,846 3,922 381 19,307 6,509 25,816 
Total past due49,122 8,298 11,633 11,028 12,968 4,681 97,730 19,750 117,480 
Total current loans2,425,528 1,372,758 1,583,252 770,774 1,027,080 1,348,195 8,527,587 308,399 8,835,986 
Total mortgage loans$2,474,650 $1,381,056 $1,594,885 $781,802 $1,040,048 $1,352,876 $8,625,317 $328,149 $8,953,466 
Other delinquency statistics:   
In process of foreclosure2
$3,124 $305 $3,429 
Serious delinquency rate3
0.2 %2.0 %0.3 %
Past due 90 days or more and still accruing interest
$— $6,509 $6,509 
Loans on nonaccrual status4
$24,402 $— $24,402 
                   
1    Excludes accrued interest receivable.
2    Includes loans where the decision of foreclosure or similar alternative such as pursuit of deed-in-lieu has been reported. Loans in process of foreclosure are included in past due or current loans depending on their delinquency status.
3    Loans that are 90 days or more past due or in the process of foreclosure expressed as a percentage of the total amortized cost for the portfolio class.
4    Includes $11,301,000 of conventional mortgage loans on nonaccrual status that did not have an associated allowance for credit losses because these loans were either previously charged off to the expected recoverable value or the fair value of the underlying collateral was greater than the amortized cost of the loans.
Financing Receivable, Allowance for Credit Loss Table 5.5 presents a roll-forward of the allowance for credit losses on mortgage loans for the three and six months ended June 30, 2025 and 2024.
Table 5.5
Three Months EndedSix Months Ended
Conventional Loans06/30/202506/30/202406/30/202506/30/2024
Balance, beginning of the period$3,948 $5,202 $4,033 $5,531 
Net (charge-offs) recoveries(701)(24)(894)(153)
Provision (reversal) for credit losses752 (863)860 (1,063)
Balance, end of the period$3,999 $4,315 $3,999 $4,315