Federal Home Loan Bank of Topeka

CIK:0001325878|SEC Filings

Statements Of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Statements Of Income - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
INTEREST INCOME:
Advances	$ 499,608	$ 548,614	$ 961,158	$ 1,056,702
Interest-bearing deposits	25,824	30,451	50,036	60,117
Securities purchased under agreements to resell	31,850	34,985	65,245	67,422
Federal funds sold	41,713	49,410	83,839	100,404
Trading securities	615	2,045	1,233	5,180
Available-for-sale securities	145,586	180,970	308,885	357,339
Held-to-maturity securities	1,885	2,595	3,879	5,312
Mortgage loans held for portfolio	99,489	91,191	196,475	179,697
Other	175	175	350	380
Total interest income	846,745	940,436	1,671,100	1,832,553
INTEREST EXPENSE:
Deposits	9,760	9,093	19,470	17,898
Consolidated obligations:
Discount notes	208,134	114,114	409,612	231,289
Bonds	509,429	677,333	989,612	1,310,351
Mandatorily redeemable capital stock	250	65	363	129
Other	318	315	697	643
Total interest expense	727,891	800,920	1,419,754	1,560,310
NET INTEREST INCOME	118,854	139,516	251,346	272,243
Provision (reversal) for credit losses on mortgage loans	823	752	1,734	860
NET INTEREST INCOME AFTER LOAN LOSS PROVISION (REVERSAL)	118,031	138,764	249,612	271,383
OTHER INCOME (LOSS):
Net gains (losses) on trading securities	(2)	1,828	4	4,367
Net gains (losses) on derivatives	1,133	(2,506)	1,812	(5,024)
Standby bond purchase agreement commitment fees	896	778	1,713	1,527
Letters of credit fees	2,256	2,078	4,489	4,213
Other	578	638	1,339	1,253
Total other income (loss)	4,861	2,816	9,357	6,336
OTHER EXPENSES:
Compensation and benefits	13,883	13,468	27,860	25,714
Other operating	7,752	6,773	15,297	14,004
Federal Housing Finance Agency	1,345	1,804	2,689	3,608
Office of Finance	1,550	1,160	2,884	2,440
Mortgage loans transaction service fees	1,840	1,787	3,653	3,545
Voluntary housing and community investment program contributions	10,509	10,965	10,892	12,010
Other	299	263	643	707
Total other expenses	37,178	36,220	63,918	62,028
INCOME BEFORE ASSESSMENTS	85,714	105,360	195,051	215,691
Affordable Housing Program	8,596	10,543	19,541	21,582
NET INCOME	$ 77,118	$ 94,817	$ 175,510	$ 194,109

Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
Statements Of Cash Flows - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Net income	$ 175,510	$ 194,109
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization (accretion)	(179)	(109,167)
Net change in derivatives and hedging activities	227,678	(382,619)
Net (gains) losses on trading securities	(4)	(4,367)
Other adjustments, net	1,923	6,388
Net change in:
Accrued interest receivable	(23,921)	(13,517)
Net accrued interest included in derivative assets	11,605	(30,339)
Other assets	373	1,401
Accrued interest payable	53,295	89,797
Net accrued interest included in derivative liabilities	(27,305)	(25,183)
Increase (decrease) in Affordable Housing Program liability	693	10,292
Other liabilities	(12,521)	(10,223)
Total adjustments	231,637	(467,537)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	407,147	(273,428)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net (increase) decrease in interest-bearing deposits	(538,693)	(83,640)
Net (increase) decrease in securities purchased under resale agreements	525,000	750,000
Net (increase) decrease in Federal funds sold	(1,075,000)	(331,000)
Trading securities:
Proceeds from maturities and principal repayments	1,644	290,809
Available-for-sale securities:
Proceeds from maturities and principal repayments	1,329,071	623,374
Purchases	(1,864,768)	(1,458,825)
Held-to-maturity securities:
Proceeds from maturities and principal repayments	14,253	15,925
Advances:
Advances repaid	121,555,230	126,303,957
Advances originated	(124,976,988)	(129,499,901)
Mortgage loans held for portfolio:
Principal collected	635,849	453,489
Purchases	(880,140)	(691,771)
Net proceeds from sale of foreclosed assets	643	64
Purchases of premises, software and equipment	(836)	(1,637)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(5,274,735)	(3,629,156)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	270,710	67,069
Net proceeds from issuance of consolidated obligations:
Discount notes	336,299,371	285,952,019
Bonds	37,627,100	45,532,228
Payments for maturing, retired and transferred consolidated obligations:
Discount notes	(338,589,342)	(290,748,777)
Bonds	(30,899,900)	(36,753,150)
Net interest payments received (paid) for financing derivatives	3,958	7,388
Proceeds from issuance of capital stock	1,663,193	1,428,720
Payments for repurchase/redemption of capital stock	(1,209,996)	(1,246,258)
Payments for repurchase of mandatorily redeemable capital stock	(293,212)	(337,012)
Cash dividends paid	(131)	(140)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	4,871,751	3,902,087
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4,163	(497)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	21,729	25,575
CASH AND CASH EQUIVALENTS AT END OF PERIOD	25,892	25,078
Supplemental disclosures:
Interest paid	$ 1,370,473	$ 1,001,611

Commitments And Contingencies (Off-Balance Sheet Commitments) (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Standby letters of credit outstanding
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Expire Within One Year	$ 7,040,411	$ 7,192,143
Expire After One Year	28,607	27,857
Fair Value Disclosure, off-Balance-Sheet Risks, Face Amount, Asset	7,069,018	7,220,000
Advance commitments outstanding
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Expire Within One Year	5,097	5,115
Expire After One Year	0	551
Fair Value Disclosure, off-Balance-Sheet Risks, Face Amount, Asset	5,097	5,666
Principal commitments for standby bond purchase agreements
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Expire Within One Year	362,520	305,010
Expire After One Year	873,150	893,595
Fair Value Disclosure, off-Balance-Sheet Risks, Face Amount, Asset	1,235,670	1,198,605
Commitments to fund or purchase mortgage loans \| Commitments to fund or purchase mortgage loans
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Expire Within One Year	92,372	54,782
Expire After One Year	0	0
Fair Value Disclosure, off-Balance-Sheet Risks, Face Amount, Asset	92,372	54,782
Commitments to issue consolidated bonds, at par
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Expire After One Year	0
Expire Within One Year	3,480,000	3,865,000
Expire After One Year		0
Total	3,480,000	3,865,000
Commitments to issue consolidated discount notes, at par
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Expire After One Year	0
Expire Within One Year	0	257,124
Expire After One Year		0
Total	$ 0	$ 257,124