June 28, 2017 9:58 AM ET

Thrifts and Mortgage Finance

Company Overview of Federal Home Loan Bank of Topeka

Company Overview

Federal Home Loan Bank of Topeka provides collateralized loans and other banking services to member institutions and housing associates in Colorado, Kansas, Nebraska, and Oklahoma, the United States. It offers demand, overnight, and term deposits; and line of credit, short-term fixed rate, regular fixed rate, symmetrical fixed rate, adjustable rate, callable, amortizing, convertible, forward settling, member option, and structured advances, as well as standby credit facilities. The company also provides various products to address housing and community development needs; and purchases mortgage loan products from participating financial institutions under the Mortgage Partnership Finance Prog...

One Security Benefit Place

Suite 100

Topeka, KS 66606

United States

Founded in 1932

236 Employees

Phone:

785-233-0507

Key Executives for Federal Home Loan Bank of Topeka

Chief Executive Officer and President
Age: 61
Chief Financial Officer and Senior Vice President
Age: 50
Chief Accounting Officer and Senior Vice President
Age: 52
Chief Compliance Officer, Executive Vice President, General Counsel and Corporate Secretary
Age: 55
Chief Information Officer and Senior Vice President
Age: 59
Compensation as of Fiscal Year 2016.

Federal Home Loan Bank of Topeka Key Developments

Federal Home Loan Bank of Topeka Declares Dividend for the Second Quarter of 2017, Payable on June 30, 2017

Federal Home Loan Bank of Topeka's board of directors approved the Class A Common Stock: 1.00% (per annum) and Class B Common Stock: 6.50% (per annum). The dividends are payable in the form of Class B Common Stock and will be credited to its institution's capital stock account on June 30, 2017.

FHLBank Topeka Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

FHLBank Topeka announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported Net income, as reported under gaap for the period was $53,716,000 against net income, as reported under gaap for the period of $40,474,000 a year ago. Adjusted income (a non-gaap measure) was $48,343,000 against adjusted income (a non-gaap measure) of $41,521,000 a year ago. Net interest income, as reported under gaap for the period was $66,672,000 against net interest income, as reported under gaap for the period of $64,870,000 a year ago. Adjusted net interest income (a non-gaap measure) was $60,619,000 against adjusted net interest income (a non-gaap measure) of $52,137,000 a year ago. Roe, based upon gaap net income of 9.58% against roe, based upon gaap net income of 7.78% a year ago. Adjusted roe, based upon adjusted income of 8.62% against adjusted roe, based upon adjusted income of 7.98% a year ago. Net interest income before loan loss provision was $66,672,000 against net interest income before loan loss provision of $64,870,000 a year ago.

Federal Home Loan Bank of Topeka Appoints Mark E. Yardley as Permanent President and Chief Executive Officer

Effective March 24, 2017, the Federal Home Loan Bank of Topeka (FHLBank) named Mark E. Yardley as FHLBanks permanent President and Chief Executive Officer (CEO). Mr. Yardley, 61, has served as FHLBanks Interim President and CEO since January 1, 2017. From May 2010 through December 2016, Mr. Yardley served as Executive Vice President and Chief Risk Officer.

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