CHICAGO--(BUSINESS WIRE)--February 10, 2026--
The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced its preliminary and unaudited financial results for 2025.
"Our preliminary 2025 results underscore another strong year for FHLBank Chicago, reflecting the strength of our cooperative model and the trust our members place in us," said Michael Ericson, President and Chief Executive Officer of FHLBank Chicago. "In 2025, we delivered solid financial performance, expanded access to liquidity, and saw continued growth in our Mortgage Partnership Finance$(R)$ (MPF(R) ) Program, all while deepening our investments in affordable housing and community development across Illinois and Wisconsin. These results reinforce our commitment to providing reliable funding, strategic value, and meaningful impact for our members and the communities they serve."
2025 Financial Highlights
-- Net income increased to $654 million, compared to $620 million for
2024. The increase was primarily driven by lower noninterest expense,
reflecting changes in the timing, availability, and member utilization of
our community investment programs in 2025 compared to 2024.
-- Total assets rose to $141.2 billion, up from $129.1 billion at year-end
2024. The growth was mainly due to increased volume in advances and
investment debt securities.
-- Advances outstanding increased to $61.1 billion, compared to $55.8
billion at year-end 2024, driven by increased borrowings from insurance
company and depository members.
-- Mortgage loans held for portfolio through the MPF Program increased to
$14.7 billion, compared to $13.3 billion at year-end 2024, as new
acquisition volume outpaced paydown activity.
Housing and Community Development
-- Statutory Affordable Housing Program $(AHP)$ Assessments: FHLBank Chicago commits 10% of its income before assessments to support the affordable housing and community development needs of communities served by its members as required by regulation. As of December 31, 2025, FHLBank Chicago accrued $73 million to its AHP pool of funds. -- Voluntary Housing and Community Development Contributions: In addition to its statutory AHP assessments, the Board of Directors may elect to make voluntary contributions to the AHP or other housing and community investment activities to increase funding available to members. For the year ended December 31, 2025, FHLBank Chicago contributed $27 million toward affordable housing and community investment grants and $33 million in subsidies supporting its Community Advances and other loans.
For more financial details, please refer to the Condensed Statements of Income and Statements of Condition below. The Form 10-K for the year ending December 31, 2025, is expected to be filed with the Securities and Exchange Commission (SEC) next month.
Condensed Statements of Condition
(Dollars in millions)
(Preliminary and Unaudited)
December 31, December 31,
2025 2024 Change
-------------- -------------- --------
Cash and due from banks,
interest-bearing deposits,
federal funds sold, and
securities purchased under
agreements to resell $ 30,363 $ 29,715 2%
Investment debt securities 34,244 29,560 16%
Advances 61,145 55,847 9%
MPF Loans held in portfolio,
net of allowance for credit
losses 14,731 13,320 11%
Other 719 670 7%
---------- ---------- ----
Assets $ 141,202 $ 129,112 9%
========== ========== ====
Consolidated obligation
discount notes $ 53,179 $ 36,739 45%
Consolidated obligation bonds 76,295 81,859 (7)%
Other 2,273 1,894 20%
---------- ---------- ----
Liabilities 131,747 120,492 9%
---------- ---------- ----
Capital stock 3,573 3,267 9%
Retained earnings 5,664 5,311 7%
Accumulated other
comprehensive income (loss) 218 42 419%
---------- ---------- ----
Capital 9,455 8,620 10%
---------- ---------- ----
Total liabilities and capital $ 141,202 $ 129,112 9%
========== ========== ====
Member standby letters of
credit - off-balance sheet $ 12,874 $ 12,908 --%
========== ========== ====
Condensed Statements of Income
(Dollars in millions)
(Preliminary and Unaudited)
For the years ended December 31,
-------------------------------------------------------------
2025 2024 Change 2023 Change
Interest income $ 6,293 $ 6,925 (9)% $ 7,306 (5)%
Interest expense (5,339) (5,965) (10)% (6,336) (6)%
------- ------- ----- ------- ----
Net interest
income 954 960 (1)% 970 (1)%
Reversal of
(provision for)
credit losses (2) (2) --% (1) 100%
------- ------- ----- ------- ----
Net interest
income after
reversal of
(provision for)
credit losses 952 958 (1)% 969 (1)%
Noninterest
income (loss) 105 89 18% 52 71%
Noninterest
expense (330) (357) (8)% (286) 25%
------- ------- ----- ------- ----
Income before
assessments 727 690 5% 735 (6)%
Affordable
Housing Program
assessment (73) (70) 4% (75) (7)%
------- ------- ----- ------- ----
Net income $ 654 $ 620 5% $ 660 (6)%
======= ======= ===== ======= ====
Average
interest-earning
assets $136,230 $127,332 7% $138,626 (8)%
Net interest
income yield on
average
interest-earning
assets 0.70% 0.75% (0.05)% 0.70% 0.05%
About the Federal Home Loan Bank of Chicago
FHLBank Chicago is a regional bank in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with a focus on providing solutions that support the housing and community development needs of members' customers. FHLBank Chicago is a self-capitalizing cooperative, owned by its Illinois and Wisconsin members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. To learn more about FHLBank Chicago, please visit fhlbc.com.
"Mortgage Partnership Finance" and "MPF" are registered trademarks of the Federal Home Loan Bank of Chicago.
Forward-Looking Information: This announcement uses forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than statements of historical fact, including statements with respect to beliefs, plans, objectives, projections, estimates, or predictions. These statements are based on FHLBank Chicago's expectations as of the date hereof. The words "believe", "estimate", "expect", "preliminary", "continue", "remain", "commit", and similar statements and their plural and negative forms are used to identify some, but not all, of such forward-looking statements. For example, statements about future dividends and expectations for financial commitments are forward-looking statements. FHLBank Chicago cautions that, by their nature, forward-looking statements involve risks and uncertainties, including, but not limited to: legislative and regulatory developments that affect FHLBank Chicago, its members, or counterparties; instability in the credit and debt markets; economic conditions (including banking industry developments and liquidity in the financial system); prolonged inflation or recession; maintaining compliance with regulatory and statutory requirements (including relating to dividend payments and retained earnings); any decrease in levels of business which may negatively impact results of operations or financial condition; the reliability of projections, assumptions, and models on future financial performance and condition; political, national and world events; changes in demand for advances or consolidated obligations; membership changes; changes in mortgage interest rates and prepayment speeds on mortgage assets; FHLBank Chicago's ability to execute its business model and pay future dividends (including enhanced dividends on activity stock);FHLBank Chicago's ability to protect the security of information systems and manage any failures, interruptions, or breaches in its technology, controls or operating processes; and the risk factors set forth in FHLBank Chicago's periodic filings with the Securities and Exchange Commission (SEC), which are
available through the SEC's reporting website. FHLBank Chicago assumes no obligation to update any forward-looking statements made herein. In addition, the FHLBank Chicago reserves the right to change its business plan or plans for any programs for any reason, including but not limited to, legislative or regulatory changes, changes in membership or member usage of programs, or changes at the discretion of the board of directors. Accordingly, FHLBank Chicago cautions that actual results could differ materially from those expressed or implied in these forward-looking statements or could impact the extent to which a particular plan, objective, projection, estimate or prediction is realized. New factors may emerge, and it is not possible to predict the nature of each new factor or assess its potential impact. Given these uncertainties, undue reliance should not be placed on forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260210521387/en/
CONTACT: Heather Bockstruck, 312.565.5282
hbockstruck@fhlbc.com
(END) Dow Jones Newswires
February 10, 2026 14:33 ET (19:33 GMT)