Operating Results for the Third Quarter of 2025
Net interest income for the third quarter of 2025 was $212 million, a decrease of $9 million, compared to net interest income of $221 million for the same period in 2024. The decrease in net interest income was primarily due to a decrease in interest rates, partially offset by an increase in average advance and investment balances during the third quarter of 2025, compared to the same period in 2024.
Net income for the third quarter of 2025 was $155 million, an increase of $5 million, compared to net income of $150 million for the same period in 2024. The increase in net income was primarily due to a $12 million decrease in voluntary housing and community investment expense, partially offset by the $9 million decrease in net interest income.
During the third quarter of 2025, the Bank continued to meet members' liquidity needs and average advance balances were $102.8 billion, compared to average advance balances of $89.8 billion for the same period in 2024.
The net yield on interest-earning assets for the third quarter of 2025 was 53 basis points, compared to 61 basis points for the same period in 2024. Many of the Bank's assets and liabilities are indexed to the Secured Overnight Financing Rate (SOFR). Average daily SOFR during the third quarter of 2025 was 4.33 percent compared to 5.28 percent for the same period in 2024.
The Bank's third quarter 2025 performance resulted in an annualized return on average equity (ROE) of 6.95 percent as compared to 7.50 percent for the same period in 2024. The decrease in ROE was primarily due to an increase in the average total capital during the third quarter of 2025, compared to the same period in 2024, partially offset by the increase in net income in the third quarter of 2025.
Financial Condition Highlights
Total assets were $153.9 billion as of September 30, 2025, an increase of $6.8 billion from December 31, 2024.
Advances outstanding were $94.2 billion as of September 30, 2025, an increase of $8.3 billion from December 31, 2024.
Total capital was $8.5 billion as of September 30, 2025, an increase of $556 million from December 31, 2024. Retained earnings were $2.9 billion as of September 30, 2025, an increase of $145 million from December 31, 2024.
As of September 30, 2025, the Bank was in compliance with all applicable regulatory capital and liquidity requirements.
Reliable Source of Liquidity
During the first nine months of 2025, the Bank originated a total of $269.7 billion of advances, thereby providing significant liquidity to its members to support lending and other activities in their communities. The Bank is proud to continue to execute on its mission to be a reliable source of liquidity and funding for its members, while remaining adequately capitalized.
Commitment to Affordable Housing Program (AHP) and Community Development
The Bank commits 10 percent of its income before assessments to support the affordable housing and community development needs of communities served by its members as required by law, which amounted to $77 million available for funding in 2025. As of September 30, 2025, the Bank has accrued $49 million to its statutory AHP pool of funds that will be available to the Bank's members in 2026 for funding of eligible projects.
The Bank has committed to voluntarily contribute, at a minimum, an additional 50 percent of its prior year statutory AHP assessment to support affordable housing and community development needs through its members. For 2025, the Bank authorized $41 million in voluntary contributions consisting of $9 million in voluntary AHP contributions and $32 million in voluntary non-AHP contributions. These amounts are anticipated to be expensed during 2025.
Since the inception of its AHP in 1990, the Bank has awarded more than $1.2 billion in AHP funds, assisting more than 177,000 households.
Dividends
On October 23, 2025, the board of directors of the Bank approved a quarterly cash dividend at an annualized rate of 6.60 percent.
"FHLBank Atlanta remains committed to supporting its members through all economic conditions as a reliable source of liquidity and programs that enhance housing opportunity and community development in their markets," said FHLBank Atlanta Chair of the Board, Thornwell Dunlap. "We are pleased to return a strong dividend to our members for the third consecutive quarter this year and deeply value the trust our members place in us."
The dividend payout will be calculated based on members' capital stock held during the third quarter of 2025 and will be credited to members' daily investment accounts at the close of business on October 28, 2025.
Federal Home Loan Bank of AtlantaFinancial Highlights (Preliminary and unaudited)(Dollars in millions)
Statements of Condition
As of September 30, 2025
As of December 31, 2024
Advances
$
94,167
$
85,829
Investments
58,400
60,084
Mortgage loans held for portfolio, net
81
89
Total assets
153,864
