# EDGAR Filing Document

**Accession Number:** 0001325878
**File Stem:** 0001325878-26-000034
**Filing Date:** 2026-2
**Character Count:** 27229
**Document Hash:** 40d38a2483efb1dc71f7efb9a4b24bf8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001325878-26-000034.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001325878-26-000034

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260219

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federal Home Loan Bank of Topeka
- **CENTRAL INDEX KEY:** 0001325878
- **STANDARD INDUSTRIAL CLASSIFICATION:** FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 480561319
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-52004
- **FILM NUMBER:** 26653687

**BUSINESS ADDRESS:**
- **STREET 1:** 500 SW WANAMAKER ROAD
- **STREET 2:** PO BOX 176
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66601-0176
- **BUSINESS PHONE:** 785 233 0507

**MAIL ADDRESS:**
- **STREET 1:** 500 SW WANAMAKER ROAD
- **STREET 2:** PO BOX 176
- **CITY:** TOPEKA
- **STATE:** KS
- **ZIP:** 66601-0176

?xml version='1.0' encoding='ASCII'? fhlbt-20260219

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 19, 2026

**FEDERAL HOME LOAN BANK OF TOPEKA** 

__________________________________________

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Federally chartered corporation of the United States** | **000-52004** | **48-0561319** |
| (State or other jurisdiction<br>of incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |
| **500 SW Wanamaker Road**<br>**Topeka, KS** | | **66606** |
| (Address of principal executive offices) | | (Zip Code) |

---

Registrant's telephone number, including area code: **785.233.0507**

Not Applicable

___________________________________________

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

**☐** Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

**☐** Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

**☐** Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

**☐** Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange<br>on which registered** |
| None | N/A | N/A |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerging growth company **☐**

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. **☐**

------

**Item 2.02 Results of Operations and Financial Condition.** 

On February 19, 2026, the Federal Home Loan Bank of Topeka ("FHLBank") distributed a message to its members announcing FHLBank's 2025 fourth quarter operating results. The message included information as to how FHLBank management evaluated FHLBank's performance for the quarter and year ended December 31, 2025. A copy of the message is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Item 7.01 Regulation FD Disclosure.** 

The information provided in Item 2.02 of this Current Report on Form 8-K is incorporated herein by reference.

The information in this Current Report on Form 8-K and information contained in Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (as amended, the "Exchange Act") or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933 if such subsequent filing specifically references this Current Report on Form 8-K. In addition, the furnishing of information in this Current Report on Form 8-K is not intended to, and does not, constitute a determination or admission by FHLBank that the information is material or complete.

The information contained in this announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements describing the objectives, projections, estimates or future predictions of FHLBank's operations. These statements may be identified by the use of forward-looking terminology such as "anticipates," "believes," "may," "is likely," "could," "estimate," "expect," "will," "intend," "probable," "project," "should" or their negatives or other variations on these terms. FHLBank cautions that by their nature forward-looking statements involve risks or uncertainties and that actual results may differ materially from those expressed in any forward-looking statements as a result of such risks and uncertainties, including but not limited to: changes in the general economy and capital markets, the rate of inflation or deflation, employment rates, housing market activity and pricing, the size and volatility of the residential mortgage market, geopolitical events, and global economic uncertainty; governmental actions, including legislative, regulatory, judicial or other developments that affect FHLBank, our members, counterparties or investors, housing government-sponsored enterprises, or the FHLBank System in general; external events, such as economic, financial, or political disruptions, and/or wars, pandemics, and natural disasters, including disasters caused by climate change, which could damage our facilities or the facilities of our members, damage or destroy collateral pledged to secure advances or mortgages held for portfolio, which could increase our risk exposure or loss experience; effects of derivative accounting treatment and other accounting rule requirements, or changes in such requirements; competitive forces, including competition for loan demand, purchases of mortgage loans and access to funding; the ability of FHLBank to introduce new products and services to meet market demand and to manage successfully the risks associated with all products and services; changes in demand for FHLBank products and services or consolidated obligations of the FHLBank System; membership changes, including changes resulting from member failures or mergers, changes due to member eligibility, or changes in the principal place of business of members; changes in the U.S. government's long-term debt rating and the long-term credit rating of the senior unsecured debt issues of the FHLBank System; soundness of other financial institutions, including FHLBank members, non-member borrowers, counterparties and the other FHLBanks; the ability of each of the other FHLBanks to repay the principal and interest on consolidated obligations for which it is the primary obligor and with respect to which FHLBank has joint and several liability; the volume and quality of eligible mortgage loans originated and sold by participating members to FHLBank through its various mortgage finance products; changes in the fair value and economic value of, impairment of, and risks associated with FHLBank's investments in mortgage loans and mortgage-backed securities or other assets and the related credit enhancement protections; changes in the value or liquidity of collateral underlying advances to FHLBank members or nonmember borrowers or collateral pledged by reverse repurchase and derivative counterparties; volatility of market prices, changes in interest rates and indices and the timing and volume of market activity, including the effects of these factors on amortization/accretion; gains/losses on derivatives or on trading investments and the ability to enter into effective derivative instruments on acceptable terms; changes in FHLBank's capital structure; FHLBank's ability to declare dividends or to pay dividends at rates consistent with past practices; the ability of FHLBank to keep pace with technological changes and the ability to develop and support technology and information systems, including the ability to manage cybersecurity risks and securely access the internet and internet-based systems and services, sufficient to effectively manage the risks of FHLBank's business; and the ability of FHLBank to attract and retain skilled individuals, including qualified executive officers. Additional risks that might cause FHLBank's results to differ from these forward-looking statements are provided in detail in FHLBank's filings with the SEC, which are available at www.sec.gov.

All forward-looking statements contained in this announcement are expressly qualified in their entirety by reference to this cautionary notice. The reader should not place undue reliance on such forward-looking statements, since the statements speak only as of the date that they are made, and FHLBank has no obligation and does not undertake publicly to update, revise or correct any forward-looking statement for any reason to reflect events or circumstances after the date of this announcement.

------

**Item 9.01 Financial Statements and Exhibits.** 

(d) Exhibits

---

| | |
|:---|:---|
| <u>[99.1](ex12312025991fhlbt8k.htm)</u> | Message to FHLBank members dated February 19, 2026, announcing FHLBank's 2025 fourth quarter and annual operating results. |
| &nbsp;&nbsp;104 | Cover Page Interactive Data File (embedded within the Inline XBRL document.) |

---

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | Federal Home Loan Bank of Topeka |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;February 19, 2026 | By: /s/ Philip D. Bacchus |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date | Philip D. Bacchus |
|  | Senior Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**FHLBANK TOPEKA ANNOUNCES 2025 FOURTH QUARTER AND ANNUAL RESULTS**

**February 19, 2026** - Federal Home Loan Bank of Topeka (FHLBank) announced unaudited financial results for the fourth quarter and annual period ended December 31, 2025. All measures are calculated in accordance with U.S. generally accepted accounting principles (GAAP).

FHLBank expects to file its Form 10-K for the year ended December 31, 2025 with the Securities and Exchange Commission (SEC) on or about March 12, 2026.

**Performance Highlights**

**• Total Assets:** Total assets increased to $77.5 billion driven by a $2.0 billion increase in advances and a $1.1 billion increase in long-term investments compared to the prior year end.

**• Primary Mission Assets:** The Primary Mission Asset ratio measures year-to-date average advances and mortgage loans relative to consolidated obligations (excluding certain U.S. Treasury securities). The ratio held relatively steady at 77 percent, compared to 78 percent in the prior year.

**• Advances**: Advances increased to $43.7 billion driven by increased utilization among large depository and insurance company members, with the majority of the growth in adjustable rate products. Advances represented 56.3 percent of total assets, compared to 54.9 percent at prior year end.

**• Mortgage loans:** Mortgage loans increased to $9.4 billion, representing 12.1 percent of total assets, compared to 11.8 percent at prior year end. Originations at interest rates higher than the weighted average rate of the existing portfolio continue to have a positive impact on interest income.

**• Investment securities:** Investment securities increased to $14.8 billion, driven by purchases of multifamily agency commercial mortgage-backed securities. Investment securities represented 19.1 percent of total assets compared to 18.1 percent at prior year end.

***•* Net Income**: Net income decreased $53.2 million to $379.5 million for the year ended December 31, 2025 compared to $432.7 million for the prior year, primarily attributed to fluctuations in the fair value of derivatives and trading securities, a decrease in net interest income, and an increase in other expenses primarily related to an increase in voluntary contributions.

***•* Net interest income/margin:** Net interest income was $136.3 million for the quarter ended December 31, 2025, $14.5 million lower than the prior year quarter. Net interest income was $540.3 million for the year ended December 31, 2025, $19.9 million lower than the prior year. The decline in net interest income was driven by lower short-term interest rates and hedging adjustments on fair value hedges, partially offset by higher average balances of interest-earning assets. Net interest margin decreased eight basis points to 0.69 percent for the quarter, while net interest spread decreased four basis points to 0.46 percent between quarterly periods. Net interest margin decreased five basis points to 0.68 percent for the current year while net interest spread decreased one basis point to 0.43 percent between years. The margin decline for both periods reflects lower net interest income and changes in balance sheet composition and spreads. The decline in spread for the quarter is due primarily to increases in lower-spread assets during the quarter.

**• Performance ratios:** Return on average equity decreased to 8.7 percent for the current quarter compared to 10.8 percent for the prior year quarter. Return on average equity decreased to 9.1 percent for the current year compared to 10.8 percent for the prior year. The decrease in both the quarter and year-to-date periods reflects lower net income and higher average balance of capital stock resulting from increased advance utilization.

**Housing and Community Development Programs**

FHLBank's housing and community development programs are central to its mission to make a difference by providing reliable liquidity and funding to help its members build strong communities. The success of the FHLBank cooperative means more funding to support members in these community-building initiatives. FHLBank is subject to a regulatory assessment that commits 10 percent of its net income before assessments to funding affordable housing initiatives in FHLBank's district. In 2026, the $42.2 million regulatory assessment from the prior year will be contributed to FHLBank's Affordable Housing Program (AHP). FHLBank has voluntarily committed an additional $25.5 million, or five percent of its 2025 net income before assessments and voluntary contributions, to support housing and community development programs. In partnership with our members, FHLBank will support and sustain affordable housing and community lending through programs designed to address housing challenges within the unique footprint of FHLBank's district through the commitment or distribution of $67.7 million.

**Financial Highlights**

Attached are highlights of FHLBank's financial position as of December 31, 2025 and December 31, 2024, and results of operations for the quarterly and annual periods ended December 31, 2025 and 2024.

------

**Exhibit 99.1**

*The information contained in this announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements describing the objectives, projections, estimates or future predictions of FHLBank's operations. These statements may be identified by the use of forward-looking terminology such as "anticipates," "believes," "may," "is likely," "could," "estimate," "expect," "will," "intend," "probable," "project," "should" or their negatives or other variations on these terms. FHLBank cautions that by their nature forward-looking statements involve risks or uncertainties and that actual results may differ materially from those expressed in any forward-looking statements as a result of such risks and uncertainties, including but not limited to: changes in the general economy and capital markets, the rate of inflation or deflation, employment rates, housing market activity and pricing, the size and volatility of the residential mortgage market, geopolitical events, and global economic uncertainty; governmental actions, including legislative, regulatory, judicial or other developments that affect FHLBank, our members, counterparties or investors, housing government-sponsored enterprises, or the FHLBank System in general; external events, such as economic, financial, or political disruptions, and/or wars, pandemics, and natural disasters, including disasters caused by climate change, which could damage our facilities or the facilities of our members, damage or destroy collateral pledged to secure advances or mortgages held for portfolio, which could increase our risk exposure or loss experience; effects of derivative accounting treatment and other accounting rule requirements, or changes in such requirements; competitive forces, including competition for loan demand, purchases of mortgage loans and access to funding; the ability of FHLBank to introduce new products and services to meet market demand and to manage successfully the risks associated with all products and services; changes in demand for FHLBank products and services or consolidated obligations of the FHLBank System; membership changes, including changes resulting from member failures or mergers, changes due to member eligibility, or changes in the principal place of business of members; changes in the U.S. government's long-term debt rating and the long-term credit rating of the senior unsecured debt issues of the FHLBank System; soundness of other financial institutions, including FHLBank members, non-member borrowers, counterparties and the other FHLBanks; the ability of each of the other FHLBanks to repay the principal and interest on consolidated obligations for which it is the primary obligor and with respect to which FHLBank has joint and several liability; the volume and quality of eligible mortgage loans originated and sold by participating members to FHLBank through its various mortgage finance products; changes in the fair value and economic value of, impairment of, and risks associated with FHLBank's investments in mortgage loans and mortgage-backed securities or other assets and the related credit enhancement protections; changes in the value or liquidity of collateral underlying advances to FHLBank members or nonmember borrowers or collateral pledged by reverse repurchase and derivative counterparties; volatility of market prices, changes in interest rates and indices and the timing and volume of market activity, including the effects of these factors on amortization/accretion; gains/losses on derivatives or on trading investments and the ability to enter into effective derivative instruments on acceptable terms; changes in FHLBank's capital structure; FHLBank's ability to declare dividends or to pay dividends at rates consistent with past practices; the ability of FHLBank to keep pace with technological changes and the ability to develop and support technology and information systems, including the ability to manage cybersecurity risks and securely access the internet and internet-based systems and services, sufficient to effectively manage the risks of FHLBank's business; and the ability of FHLBank to attract and retain skilled individuals, including qualified executive officers. Additional risks that might cause FHLBank's results to differ from these forward-looking statements are provided in detail in FHLBank's filings with the SEC, which are available at www.sec.gov.*

*All forward-looking statements contained in this announcement are expressly qualified in their entirety by reference to this cautionary notice. The reader should not place undue reliance on such forward-looking statements, since the statements speak only as of the date that they are made, and FHLBank has no obligation and does not undertake publicly to update, revise or correct any forward-looking statement for any reason to reflect events or circumstances after the date of this announcement.*

------

**Exhibit 99.1**

FHLBANK TOPEKA

Financial Highlights (unaudited)

*<u>Selected Financial Data (dollar amounts in thousands)</u>:*

---

| | | | |
|:---|:---|:---|:---|
| | **12/31/2025** | **12/31/2024** | **Change** |
| **Financial Position** | | | |
| Liquidity portfolio<sup>1</sup> | $8910137 | $10867423 | (18.0)% |
| Investment securities | 14834298 | 13717408 | 8.1% |
| Advances | 43667540 | 41652081 | 4.8% |
| Mortgage loans held for portfolio, net | 9351305 | 8949433 | 4.5% |
| *Total Assets* | 77505029 | 75900980 | 2.1% |
| Deposits | 909553 | 989021 | (8.0)% |
| Consolidated obligations, net | 71857035 | 70281553 | 2.2% |
| *Total Liabilities* | 73317391 | 71801251 | 2.1% |
| Total Capital Stock | 2510362 | 2631605 | (4.6)% |
| Retained earnings | 1763624 | 1608086 | 9.7% |
| *Total Capital* | 4187638 | 4099729 | 2.1% |
| Primary Mission Asset ratio | 77% | 78% | (1.0)% |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
| | **12/31/2025** | **12/31/2024** | **Change** | **12/31/2025** | **12/31/2024** | **Change** |
| **Results of Operations** | | | | | | |
| Net interest income | $136317 | $150809 | (9.6)% | $540274 | $560219 | (3.6)% |
| Other income | 3095 | 10406 | (70.3)% | 14408 | 37140 | (61.2)% |
| Other expenses | 37719 | 39756 | (5.1)% | 132952 | 116536 | 14.1% |
| Income before assessments | 101693 | 121459 | (16.3)% | 421730 | 480823 | (12.3)% |
| AHP assessments | 10181 | 12152 | (16.2)% | 42210 | 48101 | (12.2)% |
| Net income | 91512 | 109307 | (16.3)% | 379520 | 432722 | (12.3)% |
| Net interest margin | 0.69% | 0.77% | (0.08)% | 0.68% | 0.73% | (0.05)% |
| Return on average equity | 8.74% | 10.83% | (2.09)% | 9.12% | 10.84% | (1.72)% |
| Weighted average dividend rate<sup>2</sup> | 8.55% | 8.84% | (0.29)% | 8.65% | 8.82% | (0.17)% |
| Average SOFR | 3.99% | 4.68% | (0.69)% | 4.33% | 5.15% | (0.82)% |

---

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

<sup>1</sup>&nbsp;&nbsp;&nbsp;&nbsp;Includes interest-bearing deposits, securities purchased under agreements to resell, and Federal funds sold.

<sup>2</sup>&nbsp;&nbsp;&nbsp;&nbsp;Weighted average dividend rates are dividends paid in cash and stock on both classes of stock divided by the average capital stock eligible for dividends.

------

**Exhibit 99.1**

*<u>Average Balances and Yields (dollar amounts in thousands)</u>:*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
| | **12/31/2025** | **12/31/2025** | **12/31/2024** | **12/31/2024** | **12/31/2025** | **12/31/2025** | **12/31/2024** | **12/31/2024** |
| | **Average<br>Balance** | **Yield** | **Average<br>Balance** | **Yield** | **Average<br>Balance** | **Yield** | **Average<br>Balance** | **Yield** |
| Interest-earning assets: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Liquidity portfolio<sup>1</sup> | $10768179 | 3.94% | $10625301 | 4.75% | $10631360 | 4.28% | $10321606 | 5.23% |
| &nbsp;&nbsp;Investment securities<sup>2,3,4</sup> | 14963832 | 4.90 | 14019310 | 5.83 | 14602860 | 5.03 | 13695304 | 5.99 |
| &nbsp;&nbsp;Advances<sup>3,4</sup> | 43561465 | 4.36 | 43847453 | 5.06 | 45442029 | 4.59 | 44460023 | 5.48 |
| &nbsp;&nbsp;Mortgage loans<sup>5,6</sup> | 9325348 | 4.08 | 8937198 | 3.83 | 9169139 | 4.03 | 8694716 | 3.70 |
| &nbsp;&nbsp;&nbsp;Other interest-earning assets | 41522 | 2.29 | 35272 | 2.01 | 37328 | 2.13 | 35232 | 2.02 |
| Total earning assets | $78660346 | 4.37% | $77464534 | 5.01% | $79882716 | 4.56% | $77206881 | 5.34% |
| Interest-bearing liabilities: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | $911464 | 3.65% | $873039 | 4.43% | $913792 | 3.97% | $819721 | 4.93% |
| &nbsp;&nbsp;Consolidated obligations<sup>3,7</sup> | 73115881 | 3.91 | 71891306 | 4.51 | 74225376 | 4.13 | 71722800 | 4.90 |
| &nbsp;&nbsp;&nbsp;Other borrowings | 48212 | 3.70 | 46322 | 3.26 | 46672 | 3.55 | 44729 | 3.20 |
| Total interest-bearing liabilities | $74075557 | 3.91% | $72810667 | 4.51% | $75185840 | 4.13% | $72587250 | 4.90% |
| Net interest spread<sup>8</sup> |  | 0.46% |  | 0.50% |  | 0.43% |  | 0.44% |
| Net interest margin<sup>8</sup> |  | 0.69% |  | 0.77% |  | 0.68% |  | 0.73% |

---

<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

<sup>1</sup>&nbsp;&nbsp;&nbsp;&nbsp;Liquidity portfolio includes interest-bearing deposits, Federal funds sold and securities purchased under agreements to resell.

<sup>2</sup>&nbsp;&nbsp;&nbsp;&nbsp;Investment securities include held-to-maturity securities, available-for-sale securities, and trading securities.

<sup>3</sup>&nbsp;&nbsp;&nbsp;&nbsp;Interest income/expense and average rates include the effect of associated derivatives that qualify for fair value hedge accounting treatment.

<sup>4</sup>&nbsp;&nbsp;&nbsp;&nbsp;Interest income includes prepayment/yield maintenance fees.

<sup>5</sup>&nbsp;&nbsp;&nbsp;&nbsp;Credit enhancement fee payments are netted against interest earnings on the mortgage loans.

<sup>6</sup>&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans average balances include outstanding principal for non-performing conventional loans. However, these loans no longer accrue interest.

<sup>7</sup>&nbsp;&nbsp;&nbsp;&nbsp;Consolidated obligations are bonds and discount notes that FHLBank is primarily liable to repay.

<sup>8</sup>&nbsp;&nbsp;&nbsp;&nbsp;Net interest spread is the difference between the yield on interest-earning assets and the cost of interest-bearing liabilities. Net interest margin is defined as net interest income as a percentage of average earning assets.

<br>