v3.26.1
Mortgage Loans Held for Portfolio (Notes)
 3 Months Ended
Mar. 31, 2026
Mortgage Loans Held for Portfolio [Abstract]  
Financing Receivables [Text Block] Mortgage Loans Held for Portfolio
Mortgage loans held for portfolio represent held-for-investment loans acquired through the Mortgage Partnership Finance® ("MPF"®) program. The following table presents information as of March 31, 2026 and December 31, 2025 for mortgage loans held for portfolio (in thousands):
March 31, 2026December 31, 2025
Fixed-rate medium-term* single-family mortgages$103,320 $100,924 
Fixed-rate long-term single-family mortgages6,548,542 6,382,655 
Premiums92,867 90,276 
Discounts(16,774)(16,979)
Deferred net derivative gains associated with mortgage delivery commitments6,005 6,809 
Total mortgage loans held for portfolio6,733,960 6,563,685 
Less: allowance for credit losses on mortgage loans(8,673)(8,554)
Total mortgage loans held for portfolio, net of allowance for credit losses$6,725,287 $6,555,131 
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*Medium-term is defined as an original term of 15 years or less.
Mortgage loans presented in the table above exclude accrued interest receivable of $49,010,000 and $47,924,000 at March 31, 2026 and December 31, 2025, respectively.
The unpaid principal balance of mortgage loans held for portfolio at March 31, 2026 and December 31, 2025 was comprised of conventional loans totaling $6,648,581,000 and $6,480,029,000, respectively, and government-guaranteed/insured loans totaling $3,281,000 and $3,550,000, respectively.