About Capitol Federal Financial Inc

Capitol Federal Financial, Inc. operates as the bank holding company for Capitol Federal Savings Bank that provides a variety of financial services to meet the needs of the communities it serves. The company attracts deposits primarily from the general public and from businesses, and invests those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences and in commercial loans, either secured by real estate or for commercial and industrial purposes. The company also participates with other lenders in commercial loans, originates consumer loans primarily secured by mortgages on one- to four-family residences, and invests in certain investment securities and mortgage-backed securities (MBS) using funding from deposits and Federal Home Loan Bank Topeka (FHLB) borrowings. The company offers a variety of deposit accounts having a wide range of interest rates and terms, which generally include savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit with terms ranging from 91 days to 120 months. Lending The company is one of the leading originators of one- to four-family loans in the state of Kansas. It originates these loans primarily for its own portfolio, and it services the loans it originates. The company had purchased one- to four-family loans from correspondent lenders but recently have reduced that activity for balance sheet management purposes. The company offers several commercial lending options and participate in commercial loans with other lenders, both locally and outside its market areas. The company offers both fixed- and adjustable-rate products with various terms to maturity and pricing options. It maintains strong relationships with local real estate agents to attract loan business. The company relies on its marketing efforts and customer service reputation to attract business from walk-in customers, customers that apply online, and existing customers. The company's business development efforts help to bring new business relationships to the bank. Deposit Services The company offers a wide array of retail and business deposit products and services. These products include checking, savings, money market, certificates of deposit, and retirement accounts. The company's deposit services are provided through its network of traditional branches and retail in-store locations, its call center, which operates on extended hours, mobile banking, telephone banking, and online banking and bill payment services. Market Area The company's corporate office is located in Topeka, Kansas. It has a network of branches (traditional branches and in-store branches) located in counties throughout Kansas and counties in Missouri. The company primarily serves the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia, and Salina, Kansas and a portion of the metropolitan area of greater Kansas City. Securities As of September 30, 2023, the company's securities included mortgage-backed securities, government-sponsored enterprises debentures, corporate bonds, and municipal bonds. Regulation and Supervision The bank is examined and regulated by the Office of the Comptroller of the Currency (OCC), its primary regulator, and its deposits are insured up to applicable limits by the Deposit Insurance Fund (DIF), which is administered by the Federal Deposit Insurance Corporation (FDIC). The company, as a savings and loan holding company, is examined and regulated by the Board of Governors of the Federal Reserve System (FRB). The company is a unitary savings and loan holding company within the meaning of the Home Owners' Loan Act (HOLA). As such, the company is registered with the FRB and subject to the FRB regulations, examinations, supervision, and reporting requirements. In addition, the FRB has enforcement authority over the company. The branching authority of the bank is regulated by the OCC. The bank also is subject to regulation and examination by the FDIC, which insures the deposits of the bank to the maximum extent permitted by law. The DIF of the FDIC insures deposit accounts in the bank up to applicable limits, with a maximum amount of deposit insurance for banks, savings institutions, and credit unions of $250 thousand per separately insured deposit ownership right or category. In connection with its lending activities, the bank is subject to a number of federal laws designed to protect borrowers and promote lending to various sectors of the economy and population. These include the Equal Credit Opportunity Act, the Truth-in-Lending Act, the Home Mortgage Disclosure Act, the Real Estate Settlement Procedures Act, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), and the Community Reinvestment Act (CRA). With respect to federal consumer protection laws, regulations are generally promulgated by the Consumer Financial Protection Bureau (CFPB), but the OCC examines the bank for compliance with such laws. The bank received a satisfactory rating in its most recently completed CRA evaluation. The bank is subject to the Bank Secrecy Act and other anti-money laundering laws, including the USA PATRIOT Act of 2001 and regulations thereunder. The bank is a member of one of 11 regional Federal Home Loan Banks. History Capitol Federal Financial, Inc. was founded in 1893. The company was incorporated in Maryland in 2010.