Farm Credit System –U.S. Agricultural Credit Conditions
Glen R. SmithFarm Credit Administration BoardFarm Credit System Insurance Corporation Board of Directors
February 6, 2019
Spring 2017: Interviews with White House personnel
2
Fall 2017: Senate Ag Hearing/ Senate Confirmation
3
Introduction of Smith Family
4
Introduction by Senator Ernst and Senator Grassley
5
Taking the Oath of Office
6
On December 14, 2017, Glen R. Smith was sworn in as a member of the FCA Board by Chairman Dallas Tonsager, assisted by Glen’s wife, Fauzan.
Farm Credit Administration Board
7
Jeffery S. Hall
FCA Board MemberFCSIC Board Chairman
Glen R. Smith
FCA Board Member
Dallas P. Tonsager
FCA Board Chairman and CEO
Farm Credit Administration Mission and Responsibilities
The Farm Credit Administration ensures that Farm Credit System institutions and Farmer Mac are safe, sound, and dependable sources of credit and related services for all creditworthy and eligible persons in agriculture and rural America.
We fulfill this responsibility by – developing policies and regulations to help ensure the
safety and soundness of System institutions, and – examining institutions to ensure that they operate in a safe
and sound manner and comply with applicable laws and regulations.
FCA headquarters are in McLean, VA, with field offices in McLean; Bloomington, MN; Dallas, TX; Denver, CO; and Sacramento, CA.
8
Overview of the Farm Credit System
Government Oversight
Farm Credit System
9
FCS Banks
FCS Associations Farmer Mac
Borrowers / Stockholders
U.S. Congress (Farm Credit Act)
Farm Credit Administration
FFCB Funding Corporation
Farm Credit SystemInsurance Corporation
Financing the U.S. Farm Sector – Market Share
• Commercial banks (41.2% share in 2017)• Farm Credit System (40.4%)• Life insurance companies (3.8%)• U.S. Department of Agriculture (2.6%)• Farmer Mac (1.6%)• Individuals and others (10.4%)
10Source: USDA Economic Research Service.
Overview of the System
11Source: Federal Farm Credit Banks Funding Corporation.
525,000 Borrowers/Owners
69 Farm CreditAssociations
4 Banks
System Total Loans: $261 BSystem Total Assets $334 B
Systemwide Total Debt Securities: $269 B System Total Capital: $57 B
System Annualized Net Income: $5.3 B
What is today’s cooperative structure?*
12* As of June 30, 2018. Income annualized first 6 months.
FCS Funding Corporation
13
Farm Credit System territories
The number of System institutions has declined since the 1980s
14
4 banks and 69 associations
Two dozen FCS associations have assets greater than $1.5 billion
15
CoBank DistrictNorthwest FCS ($11.5 bil.)
Farm Credit West ($10.3 bil.)
American AgCredit ($10.0 bil.)
Farm Credit East ($6.9 bil.)
Yosemite FC ($2.9 bil.)
Frontier FC ($2.1 bil.)
FC of New Mexico ($1.7 bil.)
Golden State ($1.6 bil.)
AgriBank DistrictFCS of America ($28.0 bil.)
FC Mid-America ($22.5 bil.)
Compeer Financial ($19.5 bil.)
GreenStone FCS ($8.5 bil.)
AgCountry ($7.4 bil.)
FC of Illinois ($4.3 bil.)
FCS Financial ($4.0 bil.)
AgFirst DistrictMidAtlantic FC ($2.8 bil.)
First South FC ($2.1 bil.)
AgCredit ($2.0)
AgChoice FC ($1.9 bil.)
FC of the Virginias ($1.9 bil.)
AgSouth FC ($1.8 bil.)
Carolina FC ($1.5 bil.)
Texas DistrictCapital FC ($7.5 bil.)
AgTexas FCS ($1.9 bil.)
Source: 2017 Annual Information Statement of the FCS.
System’s loan portfolio is diversified geographically and by commodity
16
Cash Grains16.7%
Rural Infrastructure
10.8%Cattle9.2% Food
Products7.0%
Dairy Farms6.7%
Rural Home6.2%
Forestry6.0%
Field Crops5.6%Tree Fruits, Nuts
& Grapes5.5%
Farm Supply & Marketing
4.7%
Poultry & Eggs2.7%
Hogs2.3%
Other16.6%
California 10.6%Texas 6.9%Iowa 5.4%Illinois 5.0%Minnesota 4.9%Nebraska 3.9%Ohio 3.7%Wisconsin 3.0%Kansas 3.0%Indiana 3.0%
FCS Loan Portfolio Geographical Distribution
as of December 31, 2017
Source: 2017 Annual Information Statement of the FCS.
Input_Total
Current Qtr ===>12/31/16
DateTotal AssetsQtrly Avg. Earning AssetsYTD Avg. Earning
AssetsCash, FF, SecuritiesGross LoansOther AssetsTotal
CapitalRestricted CapitalNonaccrual LoansOther Non-performing
LoansYTD Provision for Loan LossesQtrly Net Inc.YTD Net Inc.ROAA
QtrROAA YTD
Johnson: unless otherwise noted, source of ROAA is FFCB Grey BookQuarterly NIMNon-performing Loans/Gross LoansAccept Loans/Total LoansDaysLiquidityValues
Dec-9988,69270,002DateSum of Total AssetsSum of Cash, FF, SecuritiesSum of Gross LoansSum of Other AssetsSum of Total CapitalSum of Restricted CapitalSum of Nonaccrual LoansSum of Other Non-performing LoansSum of ROAA QtrSum of ROAA YTDSum of Qtrly Net Inc.Sum of YTD Net Inc.Sum of Non-performing Loans/Gross LoansSum of Accept Loans/Total LoansSum of DaysLiquiditySum of YTD Provision Sum of Qtrly Avg. Earning AssetsSum of YTD Avg. Earning Assets
Dec-0094,03675,223Dec-9988,69270,002
Dec-01100,81082,644Dec-0094,03675,223
Dec-02110,64790,04017,0531,839939192Dec-01100,81082,644
Dec-03116,89492,79018,9232,0331,0491371.28%Dec-02110,64790,04017,0531,839939192
Mar-04120,51994,27919,3912,0789661534504501.51%1.19%93.4%Dec-03116,89492,79018,9232,0331,0491371.28%
Jun-04119,59194,28919,6872,1227921354789281.55%0.98%93.7%Mar-04120,51994,27919,3912,0789661531.51%4504501.19%93.4%
Sep-04121,25594,89920,1522,1427021324871,4151.57%0.88%93.9%Jun-04119,59194,28919,6872,1227921351.55%4789280.98%93.7%
Dec-04124,85096,36721,3892,164646974111,826
Johnson: Adjusted for allowance for loan loss reversal (1,167)0.77%94.7%161Sep-04121,25594,89920,1522,1427021321.57%4871,4150.88%93.9%
Mar-05126,74297,98121,7462,1946401044984981.59%0.76%95.2%Dec-04124,85096,36721,3892,164646974111,8260.77%94.7%161
Jun-05129,970100,64822,1951,9946511015191,0171.61%0.75%95.6%Mar-05126,74297,98121,7462,1946401041.59%4984980.76%95.2%
Sep-05135,363103,22522,6912,0296421145301,5471.61%0.73%95.6%Jun-05129,970100,64822,1951,9946511011.61%5191,0170.75%95.6%
Dec-05139,886125,71628,427106,2725,18722,7742,06252476(1)5492,0961.61%0.56%95.9%187Sep-05135,363103,22522,6912,0296421141.61%5301,5470.73%95.6%
Mar-06143,29329,383108,5135,39723,1202,12154311055545541.57%0.60%96.0%Dec-05139,88628,427106,2725,18722,7742,062524761.61%5492,0960.56%95.9%187(1)125,716
Jun-06150,22431,524112,7655,93523,5352,181489107(14)6071,1611.61%0.53%96.2%Mar-06143,29329,383108,5135,39723,1202,1215431101.57%5545540.60%96.0%5
Sep-06154,704141,480115,87124,2132,24348199(12)6211,7821.62%0.50%96.1%Jun-06150,22431,524112,7655,93523,5352,1814891071.61%6071,1610.53%96.2%(14)
Dec-06162,864144,43633,117123,4366,31124,4302,31253382355972,3791.59%0.50%96.3%141Sep-06154,704115,87124,2132,243481991.62%6211,7820.50%96.1%(12)141,480
Mar-07167,13433,769127,1836,18225,2422,380470100(1)6546541.58%0.45%96.3%137Dec-06162,86433,117123,4366,31124,4302,312533821.59%5972,3790.50%96.3%14135144,436
Jun-07172,04935,884129,5186,64725,9492,450469144386401,2941.55%0.47%96.3%167Mar-07167,13433,769127,1836,18225,2422,3804701001.58%6546540.45%96.3%137(1)
Sep-07179,517163,905135,07026,5872,519469108647272,0211.59%0.43%96.4%143Jun-07172,04935,884129,5186,64725,9492,4504691441.55%6401,2940.47%96.3%16738
Dec-07186,451166,86736,460142,9067,08526,4192,599512109816822,7031.49%1.56%2.40%0.43%96.6%122Sep-07179,517135,07026,5872,5194691081.59%7272,0210.43%96.4%14364163,905
Mar-08197,42336,880152,9327,61126,8142,673667146337607601.57%1.57%2.44%0.53%96.4%148Dec-07186,45136,460142,9067,08526,4192,5995121091.49%1.56%6822,7030.43%96.6%12281166,867
Jun-08208,22738,848162,0627,31727,2332,746769115637931,5531.57%1.57%2.41%0.55%95.9%136Mar-08197,42336,880152,9327,61126,8142,6736671461.57%1.57%7607600.53%96.4%14833
Sep-08207,535192,98741,516158,0637,95627,8852,845935941248172,3701.58%1.58%2.41%0.65%95.6%174Jun-08208,22738,848162,0627,31727,2332,7467691151.57%1.57%7931,5530.55%95.9%13663
Dec-08214,353194,83243,807161,4239,12327,1242,9152,2821344085462,9161.05%1.44%2.41%1.50%94.7%177Sep-08207,53541,516158,0637,95627,8852,845935941.58%1.58%8172,3700.65%95.6%174124192,987
Mar-09214,88243,877162,3118,69427,8213,0042,7651512466156151.15%1.15%2.52%1.80%93.4%185Dec-08214,35343,807161,4239,12327,1242,9152,2821341.05%1.44%5462,9161.50%94.7%177408194,832
Jun-09216,12444,268163,2288,62828,5383,1103,0771754746821,2971.27%1.21%2.61%1.99%92.5%180Mar-09214,88243,877162,3118,69427,8213,0042,7651511.15%1.15%6156151.80%93.4%185246
-0.6%Sep-09215,283203,27244,050162,1869,04729,3103,2144,1321677337212,0181.34%1.25%2.63%2.65%91.4%182Jun-09216,12444,268163,2288,62828,5383,1103,0771751.27%1.21%6821,2971.99%92.5%180474
1.6%Dec-09215,457203,45542,221164,8308,40629,9593,2893,3691669258322,8501.55%1.33%2.84%2.14%90.4%178Sep-09215,28344,050162,1869,04729,3103,2144,1321671.34%1.25%7212,0182.65%91.4%182733203,272
-1.4%Mar-10213,13342,647162,5027,98430,8263,1393,5171991718028021.49%1.49%2.77%2.29%90.2%197Dec-09215,45742,221164,8308,40629,9593,2893,3691661.55%1.33%8322,8502.14%90.4%178925203,455
-0.2%Jun-10216,26145,756162,1868,31931,7503,1583,5232273168821,6841.64%1.57%2.80%2.31%90.3%197Mar-10213,13342,647162,5027,98430,8263,1393,5171991.49%1.49%8028022.29%90.2%197171
3.9%Sep-10220,545205,15642,900168,4849,16133,0473,1933,5611804749492,6331.74%1.63%2.86%2.22%90.2%172Jun-10216,26145,756162,1868,31931,7503,1583,5232271.64%1.57%8821,6842.31%90.3%197316
4.1%Dec-10229,973208,63846,282175,3518,34033,2513,2263,2291576678623,4951.52%1.60%2.93%1.93%90.6%173Sep-10220,54542,900168,4849,16133,0473,1933,5611801.74%1.63%9492,6332.22%90.2%172474205,156
1.3%Mar-11231,30746,010177,5997,69834,1163,2693,3481921081,0041,0041.77%2.82%1.99%90.8%175Dec-10229,97346,282175,3518,34033,2513,2263,2291571.52%1.60%8623,4951.93%90.6%173667208,638
-2.1%Jun-11229,99448,262173,7987,93435,0633,3163,3112412349821,9862.83%2.04%91.2%195Mar-11231,30746,010177,5997,69834,1163,2693,3481921.77%1,0041,0041.99%90.8%175108
-1.8%Sep-11227,694219,81148,420170,6158,65935,9393,3563,0712443521,0082,9942.90%1.94%91.5%200Jun-11229,99448,262173,7987,93435,0633,3163,3112419821,9862.04%91.2%195234
2.4%Dec-11230,411218,57347,281174,6648,46635,9403,3922,7382594309463,9401.71%2.91%1.72%92.6%194Sep-11227,69448,420170,6158,65935,9393,3563,0712441,0082,9941.94%91.5%200352219,811
2.3%Mar-12231,45744,736178,5958,12636,6163,4252,707263321,0521,0522.87%1.66%92.8%183Dec-11230,41147,281174,6648,46635,9403,3922,7382591.71%9463,9401.72%92.6%194430218,573
1.6%Jun-12236,25946,625181,5198,11537,4783,2412,550234671,0672,1192.86%1.53%93.7%180Mar-12231,45744,736178,5958,12636,6163,4252,7072631,0521,0521.66%92.8%18332
2.1%Sep-12239,741224,08645,896185,4098,43638,5173,2682,5223101881,0393,1582.87%1.53%93.9%183Jun-12236,25946,625181,5198,11537,4783,2412,5502341,0672,1191.53%93.7%18067
3.5%Dec-12246,664226,04246,928191,9047,83238,6093,2982,3003083139604,1181.74%2.86%1.36%94.5%185Sep-12239,74145,896185,4098,43638,5173,2682,5223101,0393,1581.53%93.9%183188224,086
-0.1%Mar-13247,505237,06448,138191,7977,57039,6443,3442,392319221,1421,1422.83%1.41%94.6%189Dec-12246,66446,928191,9047,83238,6093,2982,3003081.74%9604,1181.36%94.5%185313226,042
0.5%Jun-13248,475237,45447,755192,7847,93640,5813,3962,183339411,1042,2462.75%1.31%95.1%200Mar-13247,50548,138191,7977,57039,6443,3442,3923191,1421,1421.41%94.6%18922237,064
0.7%Sep-13252,880238,29250,458194,2118,21041,7493,4471,92831091,2533,4992.78%1.15%95.5%202Jun-13248,47547,755192,7847,93640,5813,3962,1833391,1042,2461.31%95.1%20041237,454
3.5%Dec-13260,782240,23551,893201,0607,82942,6013,4961,736304(31)1,1414,6401.86%2.75%1.01%95.8%194Sep-13252,88050,458194,2118,21041,7493,4471,9283101,2533,4991.15%95.5%2029238,292
1.7%Mar-14263,842252,18551,739204,5637,54043,6683,5561,711357(12)1,1451,1452.63%1.01%95.6%183Dec-13260,78251,893201,0607,82942,6013,4961,7363041.86%1,1414,6401.01%95.8%194(31)240,235
0.2%Jun-14266,213253,59453,361205,0547,79844,7363,6211,574309(35)1,1962,3412.65%0.92%96.0%175Mar-14263,84251,739204,5637,54043,6683,5561,7113571,1451,1451.01%95.6%183(12)252,185
1.5%Sep-14271,324257,660254,95654,877208,0518,39645,8163,6841,41734771,2283,5692.65%0.85%96.3%174Jun-14266,21353,361205,0547,79844,7363,6211,5743091,1962,3410.92%96.0%175(35)253,594
4.3%Dec-14282,733264,987257,38657,839217,0549,07745,7063,7501,375362401,1554,7241.77%2.64%0.80%96.4%173Sep-14271,32454,877208,0518,39645,8163,6841,4173471,2283,5690.85%96.3%1747257,660254,956
-0.4%Mar-15278,969268,552268,55254,946216,1639,11146,8443,8161,408363271,1321,1322.57%0.82%96.2%183Dec-14282,73357,839217,0549,07745,7063,7501,3753621.77%1,1554,7240.80%96.4%17340264,987257,386
2.0%Jun-15283,075269,975269,25354,400220,5359,57347,7853,8891,424342501,1412,2732.55%0.80%96.1%188Mar-15278,96954,946216,1639,11146,8443,8161,4083631,1321,1320.82%96.2%18327268,552268,552
2.9%Sep-15291,341275,502271,38055,880226,8449,86348,8783,9641,399325871,2083,4812.57%0.76%96.1%183Jun-15283,07554,400220,5359,57347,7853,8891,4243421,1412,2730.80%96.1%18850269,975269,253
4.0%Dec-15303,503285,022274,86259,378235,8909,51548,8344,0391,3243051061,2074,6881.64%2.52%0.69%96.0%181Sep-15291,34155,880226,8449,86348,8783,9641,3993251,2083,4810.76%96.1%18387275,502271,380
1.1%Mar-16304,986291,758291,75858,303238,4399,59450,0434,1361,475357691,1571,1571.53%2.48%0.77%95.2%172Dec-15303,50359,378235,8909,51548,8344,0391,3243051.64%1,2074,6880.69%96.0%181106285,022274,862
2.3%Jun-16315,292299,297295,52162,778243,88610,06151,4014,2341,4244011601,1802,3372.46%0.75%94.7%180Mar-16304,98658,303238,4399,59450,0434,1361,4753571.53%1,1571,1570.77%95.2%17269291,758291,758
-0.7%Sep-16314,361302,428297,84063,178242,12410,51652,3914,3431,5734022181,2523,5892.47%0.82%94.4%177Jun-16315,29262,778243,88610,06151,4014,2341,4244011,1802,3370.75%94.7%180160299,297295,521
2.7%Dec-16319,915304,640299,55062,575248,76810,07852,3114,4531,5913712661,2594,8481.56%2.52%0.79%94.5%180Sep-16314,36163,178242,12410,51652,3914,3431,5734021,2523,589094.4%177218302,428297,840
0.6%Mar-17320,127310,180310,18061,775250,2349,66153,4314,5531,623400371,2441,2441.55%2.43%0.81%94.2%179Dec-16319,91562,575248,76810,07852,3114,4531,5913711.56%1,2594,84801180266304,640299,550
0.1%Jun-17320,381310,130310,15561,443250,46410,06254,5174,6521,6713741171,2222,4662.46%0.82%93.8%170Mar-17320,12761,775250,2349,66153,4314,5531,6234001.55%1,2441,2440117937310,180310,180
Sep-17321,591310,206310,17260,866251,16211,17355,5054,7481,7013351881,2503,7162.52%0.81%93.6%172Jun-17320,38161,443250,46410,06254,5174,6521,6713741,2222,46601170117310,130310,155
Dec-17329,518313,305310,96261,784258,77710,55355,3824,8481,6603071971,4735,189Sep-17321,59160,866251,16211,17355,5054,7481,7013351,2503,71601172188310,206310,172
Dec-17329,51861,784258,77710,55355,3824,8481,6603071,4735,189197313,305310,962
Quarter over QuarterYTDYOYMar-151,4083631,771
Row LabelsSum of Total Sum of Gross LoansAssetsGLIAssetsGLIAssetsGLIJun-151,4243421,766
Dec-09215,457164,830Sep-151,3993251,724
Mar-10213,133162,502-1.1%-1.4%Dec-151,3243051,629
Jun-10216,261162,1861.5%-0.2%Mar-161,4753571,832
Sep-10220,545168,4842.0%3.9%Jun-161,4244011,825
Dec-10229,973175,3514.3%4.1%Sep-161,5734021,975
Mar-11231,307177,5990.6%1.3%Dec-161,5913711,962
Jun-11229,994173,798-0.6%-2.1%Mar-171,6234002,023
Sep-11227,694170,615-1.0%-1.8%Jun-171,6713742,045
Dec-11230,411174,6641.2%2.4%
Mar-12231,457178,5950.5%2.3%
Jun-12236,259181,5192.1%1.6%
Sep-12239,741185,4091.5%2.1%
Dec-12246,664191,9042.9%3.5%
Mar-13247,505191,7970.3%-0.1%
Jun-13248,475192,7840.4%0.5%
Sep-13252,880194,2111.8%0.7%
Dec-13260,782201,0603.1%3.5%
Mar-14263,842204,5631.2%1.7%
Jun-14266,213205,0540.9%0.2%
Sep-14271,324208,0511.9%1.5%
Dec-14282,733217,0544.2%4.3%
Mar-15278,969216,163-1.3%-0.4%
Jun-15283,075220,5351.5%2.0%
Sep-15291,341226,8442.9%2.9%
Dec-15303,503235,8904.2%4.0%
Mar-16304,986238,4390.5%1.1%
Jun-16315,292243,8863.4%2.3%
Sep-16314,361242,124-0.3%-0.7%
Dec-16319,915248,7681.8%2.7%
Mar-17320,127250,2340.1%0.6%
Jun-17320,381250,4640.1%0.1%
LOANSQ1Q2Q3Q4Jun - Dec
20122.3%1.6%2.1%3.5%5.7%
2013-0.1%0.5%0.7%3.5%4.3%
20141.7%0.2%1.5%4.3%5.9%
2015-0.4%2.0%2.9%4.0%7.0%
20161.1%2.3%-0.7%2.7%2.0%
Input_District
DISTRICT INFORMATION
ASSETS
Values
TOTAL ASSETSAgFirstAgribankTexasUS AgBankCoBankElimsFCSchk figureTOTAL ASSETSSum of AgFirstSum of AgribankSum of TexasSum of US AgBankSum of CoBankSum of FCS
Dec-0522,77545,91213,21921,45135,0961,433139,886- 03/31/1032,88873,38919,20129,34359,348213,133
Mar-0623,67447,13713,45321,39836,2311,400143,293- 06/30/1033,45374,49919,49929,64860,154216,261
Jun-0624,77050,32014,61422,21336,8501,457150,224- 09/30/1032,77477,13719,57529,91962,114220,545
Sep-0612/31/1033,55079,78619,55630,33367,700229,973
Dec-0626,76153,50615,99123,25842,772576162,864- 03/31/1132,19079,93219,30629,59571,206231,307
Mar-0726,95654,81616,41123,88744,429635167,134- 06/30/1133,01480,41419,37429,68868,405229,994
Jun-0727,96156,25816,80925,67744,938406172,049- 09/30/1133,27581,48819,40729,91264,416227,694
Sep-0728,89358,36417,44525,77048,876169179,517- 012/31/1132,51183,13719,64230,53965,377230,411
Dec-0729,26159,23618,00126,72953,701(477)186,451- 03/31/1231,25083,24419,89897,325231,457
Mar-0830,06561,79318,60827,13360,722(898)197,423- 06/30/1231,98586,42820,70197,669236,259
Jun-0831,99665,76319,31828,28763,914(1,051)208,227- 09/30/1231,98989,54220,64898,014239,741
Sep-0832,31367,86219,66429,52259,534(1,360)207,535- 012/31/1232,09993,50921,126100,375246,664
Dec-0832,41270,46820,17129,81662,784(1,298)214,353- 03/31/1331,15692,31321,190103,232247,505
Mar-0932,41969,77319,94329,55564,303(1,111)214,882- 06/30/1331,47694,82121,421101,362248,475
Jun-0932,54170,92319,42329,94164,364(1,068)216,124- 09/30/1331,93797,14721,716102,636252,880
Sep-0932,64372,05419,31230,38061,862(968)215,283- 012/31/1332,261100,32922,373106,355260,782
Dec-0933,40673,82419,11730,14759,843(880)215,457- 03/31/1431,38999,66922,590110,653263,842
Mar-1032,88873,38919,20129,34359,348(1,036)213,133- 06/30/1431,860101,58923,022110,156266,213
Jun-1033,45374,49919,49929,64860,154(992)216,261- 09/30/1432,807104,27623,505111,087271,324
Sep-1032,77477,13719,57529,91962,114(974)220,545- 012/31/1433,272108,62124,335116,966282,844
Dec-1033,55079,78619,55630,33367,700(952)229,973- 03/31/1532,999106,24624,574115,377278,969
Mar-1132,19079,93219,30629,59571,206(922)231,307- 06/30/1532,971108,60525,082116,938283,193
Jun-1133,01480,41419,37429,68868,405(901)229,994- 09/30/1534,313111,16825,745120,598291,461
Sep-1133,27581,48819,40729,91264,416(804)227,694- 0
Dec-1132,51183,13719,64230,53965,377(795)230,411- 0
Mar-1231,25083,24419,89897,325(260)231,457- 0
Jun-1231,98586,42820,70197,669(524)236,259- 0LOANS
Sep-1231,98989,54220,64898,014(452)239,741- 0Values
Dec-1232,09993,50921,126100,375(445)246,664- 0GROSS LOANSSum of AgFirstSum of AgribankSum of TexasSum of US AgBankSum of CoBankSum of FCS
Mar-1331,15692,31321,190103,232(386)247,505- 03/31/1022,83359,54315,78668,856162,502
Jun-1331,47694,82121,421101,362(605)248,475- 06/30/1022,89060,36415,68267,731162,186
Sep-1331,93797,14721,716102,636(556)252,880- 09/30/1023,00762,11315,66872,174168,484
Dec-1332,261100,32922,373106,355(536)260,782- 012/31/1023,03365,04815,62976,122175,351
Mar-1431,38999,66922,590110,653(459)263,842- 03/31/1122,80264,76115,61078,914177,599
Jun-1431,860101,58923,022110,156(414)266,213- 06/30/1122,91665,29315,55074,532173,798
Sep-1432,807104,27623,505111,087(351)271,324- 09/30/1122,74966,17715,26670,851170,615
Dec-1433,272108,62124,335116,966(350)282,844(111)12/31/1122,48268,35015,62472,681174,664
Mar-1532,999106,24624,574115,377(227)278,969- 03/31/1222,14967,87316,00076,599178,595
Jun-1532,971108,60525,082116,938(403)283,193(118)6/30/1222,58370,80216,39475,842181,519
Sep-1534,313111,16825,745120,598(363)291,461(120)9/30/1222,77673,11416,58876,973185,409
12/31/1222,92977,08916,86779,077191,904
GROSS LOANSAgFirstAgribankTexasUS AgBankCoBankElimsFCSchk figure3/31/1322,58275,57217,09080,621191,797
Dec-0516,17236,60110,22044,247(968)106,2726/30/1323,05178,12917,16578,766192,784
Mar-0616,48037,29310,37345,419(1,052)108,5139/30/1323,08280,01517,33478,086194,211
Jun-0617,36739,25111,22145,983(1,057)112,76512/31/1323,27182,77017,72581,603201,060
Sep-063/31/1423,21781,87317,95985,842204,563
Dec-0618,67041,98712,90551,922(2,048)123,436- 06/30/1423,73183,08018,23284,349205,054
Mar-0718,94043,15913,47853,676(2,070)127,183- 09/30/1424,11785,21018,69284,350208,051
Jun-0719,67044,81813,84453,575(2,389)129,518- 012/31/1424,41688,49819,35089,132217,054
Sep-0720,29446,58314,44556,435(2,687)135,070- 03/31/1524,18186,79419,66889,845216,163
Dec-0720,72848,89415,11461,610(3,440)142,906- 06/30/1524,72289,09719,99491,273220,535
Mar-0821,42151,17315,69268,577(3,931)152,932- 09/30/1525,45291,66220,52793,775226,844
Jun-0822,64354,88716,31072,383(4,161)162,062- 012/31/1526,15394,94421,18298,383235,890
Sep-0823,10555,99916,54266,981(4,564)158,063- 03/31/1626,23295,19421,677100,311238,439
Dec-0823,07857,15216,59069,197(4,594)161,423- 06/30/1626,94797,14222,120102,650243,886
Mar-0922,94957,03716,49870,311(4,484)162,311- 09/30/1627,18597,74622,121100,047242,124
Jun-0923,24658,00216,49070,029(4,539)163,228- 012/31/1627,45899,06922,426104,779248,768
Sep-0923,31359,15716,36767,868(4,519)162,186- 03/31/1727,44898,40122,882106,782250,234
Dec-0923,20860,24616,16769,728(4,519)164,830- 06/30/1727,832100,06423,068104,801250,464
Mar-1022,83359,54315,78668,856(4,516)162,502- 09/30/1728,214100,69223,237104,262251,162
Jun-1022,89060,36415,68267,731(4,481)162,186- 0
Sep-1023,00762,11315,66872,174(4,478)168,484- 0
Dec-1023,03365,04815,62976,122(4,481)175,351- 0
Mar-1122,80264,76115,61078,914(4,488)177,599- 0
Jun-1122,91665,29315,55074,532(4,493)173,798- 0
Sep-1122,74966,17715,26670,851(4,428)170,615- 0
Dec-1122,48268,35015,62472,681(4,473)174,664- 0
Mar-1222,14967,87316,00076,599(4,026)178,595- 0
Jun-1222,58370,80216,39475,842(4,102)181,519- 0
Sep-1222,77673,11416,58876,973(4,042)185,409- 0
Dec-1222,92977,08916,86779,077(4,058)191,904- 0
Mar-1322,58275,57217,09080,621(4,068)191,797- 0
Jun-1323,05178,12917,16578,766(4,327)192,784- 00.5%
Sep-1323,08280,01517,33478,086(4,306)194,211- 0
Dec-1323,27182,77017,72581,603(4,309)201,060- 0
Mar-1423,21781,87317,95985,842(4,328)204,563- 0
Jun-1423,73183,08018,23284,349(4,338)205,054- 0
Sep-1424,11785,21018,69284,350(4,318)208,051- 0
Dec-1424,41688,49819,35089,132(4,342)217,054- 0
Mar-1524,18186,79419,66889,845(4,325)216,163- 0
Jun-1524,72289,09719,99491,273(4,551)220,535- 0
Sep-1525,45291,66220,52793,775(4,572)226,844- 0
Dec-1526,15394,94421,18298,383(4,772)235,890- 0
Mar-1626,23295,19421,677100,311(4,975)238,439- 0
Jun-1626,94797,14222,120102,650(4,973)243,886- 0
Sep-1627,18597,74622,121100,047(4,975)242,124- 0
Dec-1627,45899,06922,426104,779(4,964)248,768- 0
Mar-1727,44898,40122,882106,782(5,279)250,234- 0
Jun-1727,832100,06423,068104,801(5,301)250,464- 0
Sep-1728,214100,69223,237104,262(5,243)251,162- 0
1,0322,802939- 01,664(203)6,234
16.6%44.9%15.1%0.0%26.7%-3.3%100.0%
4,263
68.4%
AgFirstAgribankTexasUS AgBankCoBankElimsFCS
200823,07857,15216,590- 069,197(4,594)161,423
200923,20860,24616,167- 069,728(4,519)164,830
201023,03365,04815,629- 076,122(4,481)175,351
201122,48268,35015,624- 072,681(4,473)174,664
$ change
20091303,094(423)- 0531753,407
2010(175)4,802(538)- 06,3943810,521
2011(551)3,302(5)- 0(3,441)8(687)
3 yr. cumulative(596)11,198(966)- 03,48412113,241
- 0- 0- 0- 0- 0- 0- 0
Input_ALL
QuarterNonaccrualsAllowance for Loan LossesProvision for Loan LossesOther Provision/AdjustTotalNet ChargeoffsNet Increase ALLCalculated AllowanceVarianceTotal LoansNonaccruals as a % of Total LoansMar-10Jun-10Sep-10Dec-10Mar-11Jun-11Sep-11
Mar-07470735(1)0(1)21735- 0127,1830.37%Nonaccruals
Jun-0746975839039(16)23758- 0129,5180.36%Current1,6781,7611,8011,6041,6481,6261,604
Sep-0746977226026(12)14772- 0135,0700.35%Past Due1,8391,7621,7601,6251,7001,6851,467
Dec-0751278117017(8)9781- 0142,9060.36%3,5173,5233,5613,2293,3483,3113,071
Mar-0866780433033(10)23804- 0152,9320.44%Current %48%50%51%50%49%49%52%
Jun-0876982030030(14)16820- 0162,0620.47%Past Due %52%50%49%50%51%51%48%
Sep-0893587161061(10)51871- 0158,0630.59%
Dec-082,282936284(154)130(65)65936- 0161,4231.41%Total Loans162,502162,186168,484175,351177,599173,798170,615
Mar-092,7651,03724614260(159)1011,037- 0162,3111.70%2.16%2.17%2.11%1.84%1.89%1.91%1.80%
Jun-093,0771,16622814242(113)1291,166- 0163,2281.89%
Sep-094,1321,323259(16)243(86)1571,323- 0162,1862.55%
Dec-093,3691,3591924196(160)361,359- 0164,8302.04%
Mar-103,5171,451171(11)160(68)921,451- 0162,5022.16%
Jun-103,5231,4401451146(157)(11)1,440- 0162,1862.17%
Sep-103,5611,403158(14)144(181)(37)1,403- 0168,4842.11%
Dec-103,2291,44719341234(190)441,447- 0175,3511.84%
Mar-113,3481,456108(28)80(71)91,456- 0177,5991.89%
Jun-113,3111,447126(18)108(117)(9)1,447- 0173,7981.91%
Sep-113,0711,392118(29)89(144)(55)1,392- 0170,6151.80%
Dec-112,7381,29078(12)66(168)(102)1,290- 0174,6641.57%
Mar-122,7071,298321850(42)81,298- 0178,5951.52%
Jun-122,5501,24135(41)(6)(51)(57)1,241- 0181,5191.40%
Sep-122,5221,274121(12)109(76)331,274- 0185,4091.36%
Dec-122,3001,34312511136(67)691,343- 0191,9041.20%
Mar-132,3921,34122(6)16(18)(2)1,341- 0191,7971.25%
Jun-132,1831,32319625(43)(18)1,323- 0192,7841.13%
Sep-131,9281,237(32)(16)(48)(38)(86)1,237- 0194,2110.99%
Dec-131,7361,238(40)4(36)3711,238- 0201,0600.86%
Mar-141,7111,221(12)(2)(14)(3)(17)1,221- 0204,5630.84%
Jun-141,5741,183(23)(2)(25)(13)(38)1,183- 0205,0540.77%
Sep-141,4171,18442(40)2(1)11,184- 0208,0510.68%
Dec-141,3751,2373371104(51)531,237- 0217,0540.63%
Mar-151,4081,25127(14)131141,251- 0216,1630.65%
Jun-151,4241,23323(24)(1)(17)(18)1,233- 0220,5350.65%
Sep-151,3991,24637(7)30(17)131,246- 0226,8440.62%
Dec-151,3241,280191938(4)341,280- 0235,8900.56%
Mar-161,4751,35069675(5)701,350- 0238,4390.62%
Jun-161,4241,43391(1)90(7)831,433- 0243,8860.58%
Sep-161,5731,45758(26)32(8)241,457- 0242,1240.65%
Dec-161,5911,506482674(25)491,506- 0248,7680.64%
Mar-171,6231,54337441(4)371,543- 0250,2340.65%
Jun-171,6711,58880(23)57(12)451,588- 0250,4640.67%
Sep-171,7011,61071(44)27(5)221,610- 0251,1620.68%
Dec-171,6601,59693645(59)(14)1,596- 0258,7770.64%
Current48%48%50%50%51%51%50%50%49%49%49%49%52%52%
402684035940451405434063340724408161678176118011604164816261604Past Due52%52%50%50%49%49%50%50%51%51%51%51%48%48%402684035940451405434063340724408161839176217601625170016851467402684035940451405434063340724408163517352335613229334833113071Nonaccruals as a % of Total Loans402684035940451405434063340724408162.1642810550024E-22.1721973536556794E-22.1135538092637875E-21.8414494357032466E-21.8851457496945365E-21.9050852138689744E-21.7999589719544004E-2
SystemGrowth
Total Assets Total FCS Assets Total Gross Loans 11Q
$ % change year-over-year$ change year-over-year$ % change year-over-year$ change quarter-over-quarter % change year-to-date$ change year-to-date$% change in Gross Loans (quarter-over-quarter)21Q
Jun-03113.9Jun-112Q-11230Jun-1117431Q
Jun-04119.65.0%5.6Sep-113Q-11228-1.0%(2.30)Sep-11171-1.8%42Q
Jun-05130.08.7%10.4Dec-114Q-112301.2%2.72Dec-111752.4%52Q
Jun-06150.215.6%20.3Mar-121Q-122310.5%1.05Mar-121792.3%62Q
Jun-07172.014.5%21.8Jun-122Q-122362.1%4.80Jun-121821.6%73Q
Jun-08208.221.0%36.2Sep-123Q-122401.5%3.48Sep-121852.1%83Q
Jun-09216.13.8%7.9Dec-124Q-122472.9%6.92Dec-121923.5%93Q
Jun-10216.30.1%0.1Mar-131Q-132480.3%0.84Mar-13192-0.1%104Q
Jun-11230.06.4%13.7Jun-132Q-132480.4%0.97Jun-131930.5%114Q
Jun-12236.32.7%6.3Sep-133Q-132531.8%4.41Sep-131940.7%124Q
Jun-13248.55.2%12.2Dec-134Q-132613.1%7.90Dec-132013.5%
Jun-14266.27.1%17.7Mar-141Q-142641.2%3.06Mar-142051.7%
Jun-15283.16.3%16.9Jun-142Q-142660.9%2.37Jun-142050.2%
Sep-143Q-142711.9%5.11Sep-142081.5%
Dec-144Q-142834.2%11.41Dec-142174.3%
Mar-151Q-15279-1.3%(3.76)Mar-15216-0.4%
Jun-152Q-152831.5%4.11Jun-152212.0%
Sep-153Q-152912.9%8.27Sep-152272.9%
Dec-154Q-153044.2%12.16Dec-152364.0%
Mar-161Q-163050.5%1.48Mar-162381.1%
Jun-162Q-163153.4%10.31Jun-162442.3%
Sep-163Q-16314-0.3%(0.93)Sep-16242-0.7%
Dec-164Q-163201.8%5.55Dec-162492.7%
Mar-171Q-173200.1%0.21Mar-172500.6%2.6%
Total Assets
4163941729418204191242004420944218542277423694246042551426434273542825260.78199999999998263.84199999999998266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001Gross Loans
4163941729418204191242004420944218542277423694246042551426434273542825201.06204.56299999999999205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001% change in Gross Loans (quarter-over-quarter)
41639417294182041912420044209442185422774236942460425514264342735428253.5265767644469107E-21.7422659902516593E-22.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-3
Total FCS Assets
4136441455415474163941729418204191242004420944218542277423694246042551426434273542825247.505248.47499999999999252.88260.78199999999998263.84199999999998266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001 Total Gross Loans
4136441455415474163941729418204191242004420944218542277423694246042551426434273542825191.797192.78399999999999194.21100000000001201.06204.56299999999999205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001% change in Gross Loans (quarter-over-quarter)
4136441455415474163941729418204191242004420944218542277423694246042551426434273542825-5.5757045189260945E-45.1460658925843198E-37.4020665615404857E-33.5265767644469107E-21.7422659902516593E-22.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-3
$ billions
SystemGrowth (2)
Total Assets Total FCS Assets Total Gross Loans 11Q
$ % change year-over-year$ change year-over-year$ % change year-over-year$ change quarter-over-quarter % change year-to-date$ change year-to-date$% change in Gross Loans (quarter-over-quarter)21Q
Jun-03113.9Dec-114Q-11230Dec-1117531Q
Jun-04119.65.0%5.6Mar-121Q-122310.5%1.05Mar-121792.3%42Q
Jun-05130.08.7%10.4Jun-122Q-122362.1%4.80Jun-121821.6%52Q
Jun-06150.215.6%20.3Sep-123Q-122401.5%3.48Sep-121852.1%62Q
Jun-07172.014.5%21.8Dec-124Q-122472.9%6.92Dec-121923.5%73Q
Jun-08208.221.0%36.2Mar-131Q-132480.3%0.84Mar-13192-0.1%83Q
Jun-09216.13.8%7.9Jun-132Q-132480.4%0.97Jun-131930.5%93Q
Jun-10216.30.1%0.1Sep-133Q-132531.8%4.41Sep-131940.7%104Q
Jun-11230.06.4%13.7Dec-134Q-132613.1%7.90Dec-132013.5%114Q
Jun-12236.32.7%6.3Mar-141Q-142641.2%3.06Mar-142051.7%124Q
Jun-13248.55.2%12.2Jun-142Q-142660.9%2.37Jun-142050.2%
Jun-14266.27.1%17.7Sep-143Q-142711.9%5.11Sep-142081.5%
Jun-15283.16.3%16.9Dec-144Q-142834.2%11.41Dec-142174.3%
Mar-151Q-15279-1.3%(3.76)Mar-15216-0.4%
Jun-152Q-152831.5%4.11Jun-152212.0%
Sep-153Q-152912.9%8.27Sep-152272.9%
Dec-154Q-153044.2%12.16Dec-152364.0%
Mar-161Q-163050.5%1.48Mar-162381.1%
Jun-162Q-163153.4%10.31Jun-162442.3%
Sep-163Q-16314-0.3%(0.93)Sep-16242-0.7%
Dec-164Q-163201.8%5.55Dec-162492.7%
Mar-171Q-173200.1%0.21Mar-172500.6%
Jun-172Q-173200.1%0.25Jun-172500.1%
Sep-173Q-173220.4%1.21Sep-172510.3%1.0%
% Change - YTD Ave. Earning Assets
YE DateYTD DateYE BalYTD Bal.
Dec-05Sep-06125.7
Dec-06Sep-07144.4163.913.5%
Dec-07Sep-08166.9193.015.7%
Dec-08Sep-09194.8203.34.3%
Dec-09Sep-10203.5205.20.8%
Dec-10Sep-11208.6219.85.4%
Dec-11Sep-12218.6224.12.5%
Dec-12Sep-13226.0238.35.4%
Dec-13Sep-14240.2255.06.1%
Dec-14Sep-15257.4271.45.4%
Dec-15Sep-16274.9297.88.4%
Dec-16Sep-17299.6310.23.5%
Sep-17
% Change - YTD Loan Balances
YE DateYTD DateYE BalYTD Bal.
Dec-05Sep-06106.3115.99.0%
Dec-06Sep-07123.4135.19.4%
Dec-07Sep-08142.9158.110.6%
Dec-08Sep-09161.4162.20.5%
Dec-09Sep-10164.8168.52.2%
Dec-10Sep-11175.4170.6-2.7%
Dec-11Sep-12174.7185.46.2%
Dec-12Sep-13191.9194.21.2%
Dec-13Sep-14201.1208.13.5%
Dec-14Sep-15217.1226.84.5%
Dec-15Sep-16235.9242.12.6%
Dec-16Sep-17248.8251.21.0%
Sep-17
Total Assets
4182041912420044209442185422774236942460425514264342735428254291643008266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001320.38099999999997321.59100000000001Gross Loans
4182041912420044209442185422774236942460425514264342735428254291643008205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001250.464251.16200000000001% change in Gross Loans (quarter-over-quarter)
41820419124200442094421854227742369424604255142643427354282542916430082.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-39.191396852545608E-42.7868276478855546E-3
Total FCS Assets
4154741639417294182041912420044209442185422774236942460425514264342735428254291643008252.88260.78199999999998263.84199999999998266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001320.38099999999997321.59100000000001 Total Gross Loans
4154741639417294182041912420044209442185422774236942460425514264342735428254291643008194.21100000000001201.06204.56299999999999205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001250.464251.16200000000001% change in Gross Loans (quarter-over-quarter)
41547416394172941820419124200442094421854227742369424604255142643427354282542916430087.4020665615404857E-33.5265767644469107E-21.7422659902516593E-22.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-39.191396852545608E-42.7868276478855546E-3
$ billions
% Change - YTD Ave. Earning Assets
39355397214008640451408164118241547419124227742643430080.134793264837021140.156531848717841094.3319372587665272E-28.3605711336658395E-35.3552085430266683E-22.5222694477359919E-25.4193468470461248E-26.1277499115449441E-25.4369701537767989E-28.3598314790694683E-23.5459856451343752E-2% Change - YTD Loan Balances
39355397214008640451408164118241547419124227742643430089.4251271914190138E-20.106062726547520694.7267118068676783E-32.2168294606564221E-2-2.700868543663848E-26.1518114780378275E-21.2021635817909049E-23.4770715209390124E-24.5103983340551101E-22.6427572173470804E-29.6234242346282528E-3
% Change - YTD Ave. Earning Assets
39355397214008640451408164118241547419124227742643430080.134793264837021140.156531848717841094.3319372587665272E-28.3605711336658395E-35.3552085430266683E-22.5222694477359919E-25.4193468470461248E-26.1277499115449441E-25.4369701537767989E-28.3598314790694683E-23.5459856451343752E-2
SystemGrowth (3)
Total System Assets11Q
$ % change year-over-year$ change year-over-year21Q
Dec-0531Q
Dec-06162.9ERROR:#DIV/0!162.942Q
Dec-07186.514.5%23.652Q
Dec-08214.415.0%27.962Q
Dec-09215.50.5%1.173Q
Dec-10230.06.7%14.583Q
Dec-11230.40.2%0.493Q
Dec-12246.77.1%16.3104Q
Dec-13260.85.7%14.1114Q
Dec-14282.78.4%22.0124Q
Dec-15303.57.3%20.8
Dec-16319.95.4%16.4
Dec-17329.53.0%9.6
Total Gross Loans
$ % change year-over-year$ change year-over-year
Dec-05
Dec-06123.4ERROR:#DIV/0!123.4
Dec-07142.915.8%19.5
Dec-08161.413.0%18.5
Dec-09164.82.1%3.4
Dec-10175.46.4%10.5
Dec-11174.7-0.4%(0.7)
Dec-12191.99.9%17.2
Dec-13201.14.8%9.2
Dec-14217.18.0%16.0
Dec-15235.98.7%18.8
Dec-16248.85.5%12.9`
Dec-17258.84.0%10.0
Total System Assets
3944739813401784054340908412744163942004423694273543100186.45099999999999214.35300000000001215.45699999999999229.97300000000001230.411246.66399999999999260.78199999999998282.733303.50299999999999319.91500000000002329.51799999999997 Total Gross Loans
3944739813401784054340908412744163942004423694273543100142.90600000000001161.423164.83175.351174.66399999999999191.904201.06217.054235.89248.768258.77699999999999% year-over-year change in Gross Loans
39447398134017840543409084127441639420044236942735431000.157733562331896730.129574685457573452.1106038172999053E-26.3829399987866298E-2-3.9178561855934824E-39.8703797004534577E-24.7711355677839018E-27.9548393514373927E-28.6780248233158552E-25.4593242613082404E-24.0234274504759471E-2
$ billions
LoanGrowth
System Gross Loans ($B) System Gross Loans ($B)
$ % change year-over-year$ % change quarter-over-quarter $ change quarter-over-quarter % change year-to-date $ change year-to-date
Mar-0494.3Dec-09
Jun-0494.30.0%Mar-10162.511Q
Sep-0494.90.6%Jun-10162.2-0.2%(0.3)21Q
Dec-0496.41.5%Sep-10168.53.9%6.331Q
Mar-0598.01.7%Dec-10175.44.1%6.942Q
Mar-06108.510.7%Mar-11177.61.3%2.252Q
Mar-07127.217.2%Jun-11173.8-2.1%(3.8)62Q
Mar-08152.920.2%Sep-11170.6-1.8%(3.2)73Q
Mar-09162.36.1%Dec-11174.72.4%4.083Q
Mar-10162.50.1%Mar-12178.62.3%3.993Q
Mar-11177.69.3%Jun-12181.51.6%2.9104Q
Mar-12178.60.6%Sep-12185.42.1%3.9114Q
Mar-13191.87.4%Dec-12191.93.5%6.5124Q
Mar-13191.8-0.1%(0.1)
Jun-13192.80.5%1.0
System Gross Loans ($B)
407244081640908409994109041182412744136441455173.798170.61500000000001174.66399999999999178.595181.51900000000001185.40899999999999191.904191.797192.78399999999999 % change quarter-over-quarter
40633407244081640908409994109041182412744136441455-2.1402147534614429E-2-1.8314364952415983E-22.3731793804764985E-22.2506068794943504E-21.6372238864469927E-22.143026349858685E-23.5030661941976952E-2-5.5757045189260945E-45.1460658925843198E-3
1#REF!
1#REF!
System Gross Loans ($B)
4081640908409994109041182412744136441455170.61500000000001174.66399999999999178.595181.51900000000001185.40899999999999191.904191.797192.78399999999999 % change quarter-over-quarter
4081640908409994109041182412744136441455-1.8314364952415983E-22.3731793804764985E-22.2506068794943504E-21.6372238864469927E-22.143026349858685E-23.5030661941976952E-2-5.5757045189260945E-45.1460658925843198E-3
LoanGrowthbyType
-6.0%3.2%2.0%
Loan growth by Loan Type20162017
12/31/1006/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/1609/30/1612/31/1603/31/1706/30/1709/30/1712/31/17%2013201420152016% of total1Q2Q3QYTD -Sep1Q2Q3Q4QYOYJan-JunJul-Dec
RE Mortgage78,02178,59279,40780,65881,32983,34884,99092,50488,68690,78292,47195,20994,20195,36596,658100,81199,101101,459103,618107,813108,844111,101113,106114,446114,702116,375117,599119,45046.8%2.9%5.9%6.9%6.2%4,4934.0%1.0%2.1%1.8%4.9%0.2%1.5%1.1%1.6%4.4%1.7%2.6%RE Mortgage
Prod. & Intermediate40,58439,35640,22041,27638,06240,51842,26143,44639,63441,95243,13844,30942,02343,73045,61046,30544,93846,88748,52749,20446,27047,73048,68250,28246,82649,03750,32151,72420.0%2.0%4.5%6.3%2.2%1,6393.4%-6.0%3.2%2.0%-1.1%-6.9%4.7%2.6%2.8%2.9%-2.5%5.5%Prod. & Intermediate
Agribusiness- 0Agribusiness
Loans to Co-ops16,18115,52311,02111,89316,27713,16613,13910,25514,69911,3959,75510,88516,32114,02212,97112,55315,86514,25714,18813,11315,85016,97513,23915,30018,43915,23913,92217,3355.5%6.1%15.3%4.5%16.7%6835.2%20.9%7.1%-22.0%1.0%20.5%-17.4%-8.6%24.5%13.3%-0.4%13.8%Loans to Co-ops
Process & Marketing11,14510,84410,26310,33911,04610,80311,01210,73512,50912,11312,23713,16414,09413,63713,75016,97415,42915,56816,47319,94920,92721,03320,40421,16622,64321,74521,26121,5828.5%22.6%28.9%17.5%6.1%8574.2%4.9%0.5%-3.0%2.3%7.0%-4.0%-2.2%1.5%2.0%2.7%-0.7%Process & Marketing
Farm-related business2,2552,3132,2822,5022,5932,6392,7192,8582,9092,9922,8792,9993,0162,9733,3903,4083,4993,5263,6293,5333,6453,3833,3033,1623,2243,1663,0863,2931.2%4.9%13.6%3.7%-10.5%(217)-6.6%3.2%-7.2%-2.4%-6.5%2.0%-1.8%-2.5%6.7%4.1%0.1%4.0%Farm-related business
s/t29,58128,68023,56624,73429,91626,60826,87023,84830,11726,50024,87127,04833,43130,63230,11132,93534,79333,35134,29036,59540,42241,39136,94639,62844,30640,15038,26942,21015.2%13.4%21.8%11.1%8.3%1,3233.6%10.5%2.4%-10.7%1.0%11.8%-9.4%-4.7%10.3%6.5%1.3%5.1%s/t
Rural Infrastructure15,09115,00315,08015,60616,40917,61217,82917,84319,22319,33919,12219,78820,22320,34620,79321,56822,28623,29824,37525,79826,24026,84126,79227,44027,41327,73827,68827,96511.0%10.9%9.0%19.6%6.4%3.3%1.7%2.3%-0.2%3.9%-0.1%1.2%-0.2%1.0%1.9%1.1%0.8%Rural Infrastructure
Rural residential RE5,4755,6295,7275,8325,8815,9776,1036,4306,3036,4026,5056,5116,5536,6216,7456,7546,8266,9126,9097,1177,1177,1657,2407,1487,1477,1597,2197,2612.9%1.3%3.7%5.4%0.4%-0.3%0.0%0.7%1.0%1.7%-0.0%0.2%0.8%0.6%1.6%0.2%1.4%Rural residential RE
Agricultural export finance4,0363,8813,9293,8344,2194,5614,3984,7294,7664,6144,8194,7434,7904,8334,4974,8374,4404,7145,1005,0755,3115,4405,0695,5315,6335,6575,6885,6452.3%0.3%2.0%4.9%9.0%12.2%4.7%2.4%-6.8%-0.1%1.8%0.4%0.5%-0.8%2.1%2.3%-0.2%Agricultural export finance
Other2,5632,6572,6862,7242,7792,8952,9583,1043,0683,1953,2853,4523,3423,5273,6373,8443,7793,9144,0254,2884,2354,2184,2894,2934,2074,3484,3784,5221.7%11.2%11.4%11.6%0.1%2.1%-1.2%-0.4%1.7%0.0%-2.0%3.4%0.7%3.3%5.3%1.3%4.0%Other
Total175,351173,798170,615174,664178,595181,519185,409191,904191,797192,784194,211201,060204,563205,054208,051217,054216,163220,535226,844235,890238,439243,886242,124248,768250,234250,464251,162258,777100.0%4.8%8.0%8.7%5.5%9,0383.7%1.1%2.3%-0.7%2.6%0.6%0.1%0.3%3.0%4.0%0.7%3.3%Total
Combined RU/RuralRE/Export/Other27,16527,17027,42227,99629,28831,04531,28832,10633,36033,55033,73134,49434,90835,32735,67237,00337,33138,83840,40942,27842,90343,66443,39044,41244,40044,90244,97345,39317.9%7.4%7.3%14.3%5.0%1.5%1.8%-0.6%2.6%-0.0%1.1%0.2%0.9%2.2%1.1%1.1%Combined RU/RuralRE/Export/Other
% change quarter-over-quarter
06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/16.
RE Mortgage
Prod. & Intermediate
AgribusinessTexas District (8%)CoBank District (40%)AgriBank District (41%)AgFirst District (11%) Total FCS
Loans to Co-opsDec-990.0%0.0%0.0%0.0%0.0%
Process & MarketingDec-990.0%0.0%0.0%0.0%0.0%
Farm-related businessDec-990.0%0.0%0.0%0.0%0.0%
s/t
Rural Utility
Rural residential RE201320142015YTD '16YTD '17
Agricultural export financeTotal Gross Loans2.6%3.0%
OtherReal Estate Mortgage[47%]4.9%1.6%
Total-1.8%2.4%2.3%1.6%2.1%3.5%-0.1%0.5%0.7%3.5%1.7%0.2%1.5%4.3%-0.4%2.0%2.9%4.0%1.1%Production & Intermediate[20%]-1.1%2.8%
Combined RU/RuralRE/Export/OtherAgribusiness [15%]1.0%10.3%
Other[18%]2.6%0.9%
Dollar change quarter-over-quarter
06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/1609/30/16.
RE Mortgage1,0312,2572,005
Prod. & Intermediate(2,934)1,460952YTD '11-2.7%
AgribusinessYTD '126.2%
Loans to Co-ops2,7371,125(3,736)YTD '131.2%
Process & Marketing978106(629)YTD '143.5%
Farm-related business112(262)(80)YTD '154.5%
s/t3,827969(4,445)YTD '162.6%
Rural Utility442601(49)
Rural residential RE- 04875
Agricultural export finance236129(371)
Other(53)(17)71
Total2,5495,447(1,762)
Combined RU/RuralRE/Export/Other625761(274)
% change year-to-date
06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/1609/30/1612/31/16.47
RE Mortgage0.7%1.8%3.4%14.7%2.9%5.9%6.9%1.0%3.0%4.9%6.2%47
Prod. & Intermediate-3.0%-0.9%1.7%5.3%2.0%4.5%6.3%-6.0%-3.0%-1.1%2.2%47
Agribusiness47
Loans to Co-ops-4.1%-31.9%-26.5%-13.8%6.1%15.3%4.5%20.9%29.5%1.0%16.7%47
Process & Marketing-2.7%-7.9%-7.2%3.8%22.6%28.9%17.5%4.9%5.4%2.3%6.1%
Farm-related business2.6%1.2%11.0%14.2%4.9%13.6%3.7%3.2%-4.2%-6.5%-10.5%
s/t-3.0%-20.3%-16.4%-3.6%13.4%21.8%11.1%10.5%13.1%1.0%8.3%
Rural Utility-0.6%-0.1%3.4%14.3%10.9%9.0%19.6%1.7%4.0%3.9%6.4%
Rural residential RE2.8%4.6%6.5%10.3%1.3%3.7%5.4%0.0%0.7%1.7%0.4%
Agricultural export finance-3.8%-2.7%-5.0%23.3%0.3%2.0%4.9%4.7%7.2%-0.1%9.0%
Other3.7%4.8%6.3%14.0%11.2%11.4%11.6%-1.2%-1.6%0.0%0.1%
Total-0.9%-2.7%-0.4%2.3%3.9%6.2%9.9%-0.1%0.5%1.2%4.8%1.7%2.0%3.5%8.0%-0.4%1.6%4.5%8.7%1.1%3.4%2.6%5.5%
Combined RU/RuralRE/Export/Other0.0%0.9%3.1%7.3%14.3%1.5%3.3%2.6%5.0%
Dollar change year-to-date
06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/16.
RE Mortgage5711,3862,6376712,6904,33211,846(3,818)(1,722)(33)2,705(1,008)1561,4495,602(1,710)6483,288
Prod. & Intermediate(1,228)(364)692(3,214)(758)9852,170(3,812)(1,494)(308)863(2,286)(579)1,3011,996(1,367)582(1,474)
Agribusiness- 0
Loans to Co-ops(658)(5,160)(4,288)4,3841,2731,246(1,638)4,4441,140(500)6305,4363,1372,0861,6683,3121,7043,862
Process & Marketing(301)(882)(806)7074646733961,7741,3781,5022,4299304735863,810(1,545)(1,406)1,084
Farm-related business582724791137217356511342114117(26)39140991118(150)
s/t(901)(6,015)(4,847)5,1821,8742,136(886)6,2692,6521,0233,2006,3833,5843,0635,8871,8584164,796
Rural Utility(88)(11)5158032,0062,2232,2371,3801,4961,2791,9454355581,0051,7807181,7301,043
Rural residential RE15425235749145271598(127)(28)7581421102342437215848
Agricultural export finance(155)(107)(202)38572756489537(115)90144790(246)94(397)(123)365
Other9412316155171234380(36)91181348(110)75185392(65)70(70)
Total(1,553)(4,736)(687)3,9316,85510,74517,240(107)8802,3079,1563,5033,9946,99115,994(891)3,4817,996
Combined RU/RuralRE/Export/Other52578311,2923,0493,2924,1101,2541,4441,6252,3884148331,1782,5093281,8351,386
2,378
2014
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2015
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]YTD '16
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2.6427572173470582E-24.9094265070074972E-2-1.0608893585887347E-29.5914742451155277E-32.6302095652585233E-2
2014
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2015
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]YTD '16
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2.6427572173470582E-24.9094265070074972E-2-1.0608893585887347E-29.5914742451155277E-32.6302095652585233E-2
YTD '16
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2.6427572173470582E-24.9094265070074972E-2-1.0608893585887347E-29.5914742451155277E-32.6302095652585233E-2YTD '17
Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]3.0319076930427347E-21.5739929761307447E-22.788100395461135E-20.102981525516736789.3389366953504638E-3
LoanGrowthbyType2
Loan growth by Loan Type
12/31/1212/31/1312/31/1412/31/1512/31/1612/31/17%
RE Mortgage92,50495,209100,811107,813114,446119,45046.2%
Prod. & Intermediate43,44644,30946,30549,20450,28251,72420.0%
Agribusiness
Loans to Co-ops10,25510,88512,55313,11315,30017,3356.7%
Process & Marketing10,73513,16416,97419,94921,16621,5828.3%
Farm-related business2,8582,9993,4083,5333,1623,2931.3%
s/t23,84827,04832,93536,59539,62842,21016.3%
Rural Infrastructure17,84319,78821,56825,79827,44027,96510.8%17.5%
Rural residential RE6,4306,5116,7547,1177,1487,2612.8%
Agricultural export finance4,7294,7434,8375,0755,5315,6452.2%
Other3,1043,4523,8444,2884,2934,5221.7%
Total191,904201,060217,054235,890248,768258,777100.0%
% change quarter-over-quarter
12/31/1212/31/1312/31/1412/31/1512/31/1612/31/17
RE Mortgage92,50495,209100,811107,813114,446119,450
Prod. & Intermediate43,44644,30946,30549,20450,28251,724
Agribusiness23,84827,04832,93536,59539,62842,210
Other32,10634,49437,00342,27844,41245,393
Total191,904201,060217,054235,890248,768258,777
% change quarter-over-quarter
201220132014201520162017
RE Mortgage (46%)2.9%5.9%6.9%6.2%4.4%
Prod. & Intermediate (20%)2.0%4.5%6.3%2.2%2.9%
Agribusiness (16%)13.4%21.8%11.1%8.3%6.5%
Other (18%)7.4%7.3%14.3%5.0%2.2%
Total Loan Portfolio4.8%8.0%8.7%5.5%4.0%
RE Mortgage (46%)
41639420044236942735431002.9241978725244255E-25.8838975306956254E-26.9456706113420141E-26.1523192935916793E-24.372367754224693E-2Prod. & Intermediate (20%)
41639420044236942735431001.9863738894259519E-24.5047281590647525E-26.2606629953568804E-22.1908787903422544E-22.8678254643808909E-2Agribusiness (16%)
41639420044236942735431000.134183160013418230.217650103519668740.111127979353271578.2880174887279612E-26.5155950338144697E-2Other41639420044236942735431007.4378620818538632E-27.2737287644228044E-20.142556008972245525.0475424570698646E-22.2088624696028125E-2Total Loan Portfolio41639420044236942735431004.7711355677839018E-27.9548393514373927E-28.6780248233158552E-25.4593242613082404E-24.0234274504759471E-2
2013RE Mortgage (46%)Prod. & Intermediate (20%)Agribusiness (16%)Other (18%)2.9241978725244255E-21.9863738894259519E-20.134183160013418237.4378620818538632E-220145.8838975306956254E-24.5047281590647525E-20.217650103519668747.2737287644228044E-220156.9456706113420141E-26.2606629953568804E-20.111127979353271570.1425560089722455220166.1523192935916793E-22.1908787903422544E-28.2880174887279612E-25.0475424570698646E-220174.372367754224693E-22.8678254643808909E-26.5155950338144697E-22.2088624696028125E-2
LoanGrowth_Dist
YTD GROWTH RATE
(remember to change titles in table)
Loan Growth by District (% change year-to-date through September)
201720162015201411Q
Current QtrBase QtrPrior YearPrior YearPrior Year21QDistrictYTD-'15YTD-'16YTD-'17
Sep-17Dec-16% Chg.% of TotalSep-16Dec-15% Chg.Sep-15Dec-14% Chg.9/30/14Dec-13% Chg.31Q11AgFirst District (11%)4.2%3.9%2.8%
FCS251,162248,7681.0%102.1%242,124235,8902.6%226,844217,0544.5%208,051201,0603.5%42Q39AgriBank District (39%)3.6%3.0%1.6%
AgFirst28,21427,4582.8%11.23%27,18526,1533.9%25,45224,4164.2%24,11723,2713.6%52Q41CoBank District (41%)5.2%1.7%-0.5%
Agribank100,69299,0691.6%40.09%97,74694,9443.0%91,66288,4983.6%85,21082,7702.9%62Q9Texas District (9%)6.1%4.4%3.6%
CoBank104,262104,779-0.5%41.51%100,04798,3831.7%93,77589,1325.2%84,35081,6033.4%73QTotal FCS4.5%2.6%1.0%
Texas23,23722,4263.6%9.25%22,12121,1824.4%20,52719,3506.1%18,69217,7255.5%83Q
93Q
104Q
114Q
124Q
Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)Total FCS
20153.6%-0.5%1.6%2.8%1.0%
20144.4%1.7%3.0%3.9%2.6%
20136.1%5.2%3.6%4.2%4.5%
11
40
41
8
100
2015
AgFirstAgribankCoBankTexas4.2431192660550461E-23.5752220389161336E-25.2091280348247546E-26.0826873385012921E-22016
AgFirstAgribankCoBankTexas3.9460100179711695E-22.9512133468149647E-21.6913491151926655E-24.4330091587196675E-22017
AgFirstAgribankCoBankTexas2.7532959428946027E-21.6382521273052116E-2-4.9341948291165214E-33.6163381788994919E-2
2015
Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)3.6163381788994919E-2-4.9341948291165214E-31.6382521273052116E-22.7532959428946027E-22014
Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)4.4330091587196675E-21.6913491151926655E-22.9512133468149647E-23.9460100179711695E-22013
Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)6.0826873385012921E-25.2091280348247546E-23.5752220389161336E-24.2431192660550461E-2
Capital
Current Qtr12/31/17
System CapitalRestricted CapitalTotal Capital less Restricted% change(qtr-over-qtr)AssetsCapital-to-Assets ratiocapital-to-assets ratio w/o restrict
Date
9/30/0420.22.118.0121.316.6%15.1%
12/31/0421.42.219.26.1%124.917.1%15.7%
12/31/0522.82.120.76.5%139.916.3%15.0%
12/31/0624.42.322.17.3%162.915.0%13.8%
12/31/0726.42.623.88.1%186.514.2%13.0%
12/31/0827.12.924.22.7%214.412.7%11.4%
12/31/0930.03.326.710.5%215.513.9%12.6%
12/31/1033.33.230.011.0%230.014.5%13.2%
12/31/1135.93.432.58.1%230.415.6%14.3%
12/31/1238.63.335.37.4%246.715.7%14.5%
12/31/1342.63.539.110.3%260.816.3%15.2%
12/31/1445.73.842.07.3%282.716.2%15.0%
12/31/1548.84.044.86.8%303.516.1%15.0%
12/31/1652.34.547.97.1%319.916.4%15.2%
12/31/1755.44.850.55.9%329.516.8%15.6%
Total Capital less Restricted40178405434090841274416394200442369427354310026.66999999999999830.02499999999999932.54799999999999535.31139.10499999999999741.95600000000000344.79500000000000247.85799999999999750.533999999999999Restricted Capital4017840543409084127441639420044236942735431003.28900000000000013.2263.39199999999999993.2983.4963.754.03899999999999974.45300000000000034.8479999999999999
40178405434090841274416394200442369427354310029.95933.25099999999999835.9438.60900000000000242.60099999999999945.70600000000000348.83400000000000352.31155.381999999999998% change(qtr-over-qtr)
4017840543409084127441639420044236942735431000.10451998230349510.109883507460195548.0869748278247278E-27.4262659988870452E-20.103395581341138017.2885613013779119E-26.843740427952566E-27.1200393168693865E-25.8706581789680905E-2
Capital-to-Assets ratio
387173908239447398134017840543409084127441639420044236942735431000.16280399754085470.150002456036938790.141694064392253210.1265389334415660.139048626872183310.144586538419727520.155982136269535720.156524665131514950.163358667392688140.161657818507213530.16090121020220560.163515308753887730.16806972608476625
System Capital ($B)
Total Capital less Restricted
41274416394200442369427354310035.31139.10499999999999741.95600000000000344.79500000000000247.85799999999999750.533999999999999Restricted Capital
4127441639420044236942735431003.2983.4963.754.03899999999999974.45300000000000034.8479999999999999
41274416394200442369427354310038.60900000000000242.60099999999999945.70600000000000348.83400000000000352.31155.381999999999998
4127441639420044236942735431000.156524665131514950.163358667392688140.161657818507213530.16090121020220560.163515308753887730.16806972608476625
Restricted Capital
3981340178405434090841274416394200442369427354310027.12399999999999929.95933.25099999999999835.9438.60900000000000242.60099999999999945.70600000000000348.83400000000000352.31155.381999999999998Total Capital less Restricted3981340178405434090841274416394200442369427354310024.20926.66999999999999830.02499999999999932.54799999999999535.31139.10499999999999741.95600000000000344.79500000000000247.85799999999999750.533999999999999
40543409084127441639420044236942735431000.1265389334415660.139048626872183310.144586538419727520.155982136269535720.156524665131514950.163358667392688140.161657818507213530.16090121020220560.163515308753887730.16806972608476625
CapitalPie
Preferred /Capital Stk$3,74310.4%
Restricted Capital$3,3929.4%
Additionalpaid-in-capital$4021.1%3,7319.810.4%
Surplus (a)$28,40379.0%3,3568.89.3%
35,940100.0%4011.11.1%
(991)-2.6-2.8%
29,44277.681.9%
35,93994.7100.0%
Preferred /Capital StkRestricted CapitalAdditionalpaid-in-capitalSurplus (a)3743339240228403
CapitaltoAssets
Current Qtr9/30/09Current Qtr12/31/09Date12/31/09
Total AssetsTotal Assets less Restrict. CapitalSystem CapitalRestricted CapitalSystem Capital less Restricted CapitalCapital-to-Assets(Capital less Restricted)-to-AssetsTotal AssetsTotal Assets less Restrict. CapitalSystem CapitalRestricted CapitalSystem Capital less Restricted Capitalcapital-to-assets (capital less restricted)-to-assetsTotal AssetsSystem CapitalRestricted CapitalTotal Assets less Restrict. CapitalSystem Capital less Restricted Capitalcapital-to-assets (capital less restricted)-to-assets
DateDateDate
Sep-02ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!Dec-06162.9160.624.42.322.115.013.613.8Dec-02110.617.11.8108.815.215.414.0
Sep-03ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!Mar-07167.1164.825.22.422.915.113.713.9Dec-03116.918.92.0114.916.916.214.7
Sep-04121.3119.120.22.118.016.614.915.1Jun-07172.0169.625.92.523.515.113.713.9Dec-04124.921.42.2122.719.217.115.7
Sep-05135.4133.322.72.020.716.815.315.5Sep-07179.5177.026.62.524.114.813.413.6Dec-05139.922.82.1137.820.716.315.0
Sep-06154.7152.524.22.222.015.714.214.4Dec-07186.5183.926.42.623.814.212.813.0Dec-06162.924.42.3160.622.115.013.8
Sep-07179.5177.026.62.524.114.813.413.6Mar-08197.4194.826.82.724.113.612.212.4Dec-07186.526.42.6183.923.814.213.0
Sep-08207.5204.727.92.825.013.412.112.2Jun-08208.2205.527.22.724.513.111.811.9Dec-08214.427.12.9211.424.212.711.4
Sep-09215.3212.129.33.226.113.612.112.3Sep-08207.5204.727.92.825.013.412.112.2Dec-09215.530.03.3212.226.713.912.6
Dec-08214.4211.427.12.924.212.711.311.4
Mar-09214.9211.927.83.024.812.911.511.7
Jun-09216.1213.028.53.125.413.211.811.9
Sep-09215.3212.129.33.226.113.612.112.3
Dec-09215.5212.230.03.326.713.912.412.6
Capital-to-Assets
38260386253899039355397214008616.6195208445012616.76307410444508215.65117902575240414.8102965178785313.43628785506059513.6146374771812(Capital less Restricted)-to-Assets
38260386253899039355397214008614.85299575275246515.26414160442661414.20131347605750313.40708679400836612.06543474594646912.121718853787804
capital-to-assets
392633935539447395383962939721398133990339994400864017815.08233119634522814.8102965178785314.16940643922532113.58200412312648513.07851527419595113.43628785506059512.653893344156612.94710585344514813.20445670078288513.614637477181213.90486268721833(capital less restricted)-to-assets
392633935539447395383962939721398133990339994400864017813.65831826979523313.40708679400836612.7754745214560412.22805853421333711.7597621826180112.06543474594646911.29398702140861111.54912928956357411.76546797209009812.12171885378780412.378339993595009
capital-to-assets
39447395383962939721398133990339994400864017814.16940643922532113.58200412312648513.07851527419595113.43628785506059512.653893344156612.94710585344514813.20445670078288513.614637477181213.90486268721833(capital less restricted)-to-assets
39447395383962939721398133990339994400864017812.95607336335748412.39589216944800911.9169168925594112.23313303043627111.44969210832489811.71287250210026411.93724356145605512.30542889342619812.570227366992192
capital-to-assets
376213798638352387173908239447398134017815.41207624246477616.18817047923759817.13175810973167816.28039975408546915.00024560369387814.16940643922532112.653893344156613.90486268721833(capital less restricted)-to-assets
376213798638352387173908239447398134017813.98242776266450914.70473006503512715.67008460623053915.027861620617613.7762220339827612.95607336335748411.44969210832489812.570227366992192
EarningsQtrly_YTD
37
YTD 2012YTD 2011YTD 2010
Current Qtr9/30/1711QCurrent Qtr12/31/17Interest Income(227)107(215)
System Net IncomeProvisions for Loan LossesNet Charge-offs ($M)21QSum of Provision for Loan Losses System Net Income ($M)Provision for Loan Losses ($M)Net Charge-offs ($M)Interest Expense276182458Year-to-date201020112012Change yr-over-yr
Date31QQuarterTotalDateNet Interest Income49289243Rate - Assets4.294.053.85(0.24)(0.20)
Sep-051,54703Q-0542QJun-0830Dec-04411'04Provision for Loan Losses16782158Rate - Liab.1.721.401.130.320.27
Sep-061,782(12)3Q-0652QSep-0861Dec-0554904Q-05'05Net after provision216371401Net Interest Spread2.572.652.720.080.07
Sep-072,021643Q-0762QDec-08284```Dec-0659704Q-06'06Noninterest Income / Expense(65)(49)8
Sep-082,3701243Q-0873QMar-09246Dec-07682174Q-07'07Other(18)(20)(22)
Sep-092,0187333Q-0983QJun-09228Dec-085462844Q-08'08Change in YTD Net Income133302387
Sep-102,6334743Q-1093QSep-09259Dec-098321924Q-09'09
Sep-112,9943523Q-11104QDec-09192Dec-108621934Q-10'10
Sep-123,1581883Q-12114QMar-10171Dec-11946784Q-11'11
Sep-133,49993Q-13124QJun-10145Dec-129601254Q-12'12
Sep-143,56973Q-14Sep-10158Dec-131,141(40)4Q-13'13YTD 2010YTD 2011YTD 2012
Sep-153,481873Q-15Dec-10193Dec-141,155334Q-14'14Total Earning Assets4.294.053.85(0.24)(0.20)
Sep-163,5892183Q-16Mar-11108Dec-151,207194Q-15'15Total Interest-bearing Liab.1.721.401.130.320.27
Sep-173,7161883Q-17Jun-11126Dec-161,259484Q-16'16Net Interest Spread2.572.652.720.080.07
Sep-11118Dec-171,47394Q-17'17Non-interest-bearing 0.210.170.15(0.04)(0.02)
Dec-1178Net Interest Margin2.782.822.870.040.05
Mar-123200Net Interest Income84
Jun-1235Provision for Loan Losses-42
Sep-12121Noninterest Income-1
Dec-12125Noninterest Expense-25
Mar-1322Provision for Taxes9
Jun-131925
Sep-13-32
Dec-13-40
Mar-14-12
Jun-14-23
Sep-1442
Dec-1433
Mar-1527
Jun-1523
Sep-1537
Dec-1519
Mar-1669
Jun-1691
Grand Total2985
Full Year
Net Inc.Provisions
20124,118313
20134,640(31)
20144,72440
Provision for Loan Losses ($M)
398134017840543409084127441639420044236942735431001728419219378125-403319489 System Net Income ($M)
'07'08'09'10'11'12'13'14'15'16'1768254683286294696011411155120712591473
Total Earning AssetsYTD 2010YTD 2011YTD 20124.294.053.85Total Interest-bearing Liab.YTD 2010YTD 2011YTD 20121.721.41.129999999999999900
-0.24000000000000021-0.199999999999999730.320000000000000060.27System Net Income
40816411824154741912422774264343008315834993569348135893716Provisions for Loan Losses408164118241547419124227742643430081889787218188
System Net Income
397214008640451408164118241547419124227742643430082370201826332994315834993569348135893716Provisions for Loan Losses
397214008640451408164118241547419124227742643430081247334743521889787218188
EarningsAnnual
Current Qtr12/31/1711QValues
Net Income Provision for Loan Losses21QDateSum of YTD Net Inc.Sum of YTD Provision
Date31QDec-052,096(1)
42QDec-062,37935
52QDec-072,70381
62QDec-082,916408
Dec-072,70381200773QDec-092,850925
Dec-082,916408200883QDec-103,495667
Dec-092,850925200993QDec-113,940430
Dec-103,4956672010104QDec-124,118313
Dec-113,9404302011114QDec-134,640(31)
Dec-124,1183132012124QDec-144,72440
Dec-134,640(31)2013Dec-154,688106
Dec-144,724402014Dec-164,848266
Dec-154,6881062015Dec-175,189197
Dec-164,8482662016Grand Total48,5863,436
Dec-175,1891972017
Year-to-date$ Change
(amounts in millions)20122011yr-over-yr
Interest Income6,4186,696(278)
Interest Expense(1,599)(2,000)401
Provision for Loan Losses(188)(352)164
Net Int. Income after Provisions4,6314,344287
Net Noninterest Income/(Exp)(1,272)(1,153)(119)
Provision for Income Taxes(201)(197)(4)
Net Income3,1582,994164
Provision for Loan Losses
2008200920102011201220132014201520162017408925667430313-3140106266197Net Income
20082009201020112012201320142015201620172916285034953940411846404724468848485189
AvgEarnBal
Current Qtr12/31/16
Avg. Earning Assets ($B)
Date
2008194,832194.8
2009203,455203.5
2010208,638208.6
2011218,573218.6
2012226,042226.0
2013240,235240.2
2014257,386257.4
2015274,862274.9
2016299,550299.6
Avg. Earning Assets ($B)
398134017840543409084127441639420044236942735194.83199999999999203.45500000000001208.63800000000001218.57300000000001226.042240.23500000000001257.38600000000002274.86200000000002299.55
Nonaccruals(2)
UNINUMSHORTNAMESYSTEMDISTMONTHYEARNONNONACRGLOANITMASSETSColumn18000001780000017000000
722077Delta ACA722920114.031,43135,48536,5224.03%
724594Hawaii ACA724920110.8966474,50677,2910.89%
724642Central Oklahoma ACA724920111.131,267111,757114,3311.13%
720061Chattanooga ACA720920114.817,484155,744166,3024.81%
724646Enid ACA724920110.751,207159,995166,8850.75%
724631AgPreference, ACA724920111.101,843166,890173,3761.10%
710056Ag New Mexico, FCS, ACA710920117.7412,507161,491191,1337.74%
720060Puerto Rico ACA720920117.7214,491187,662192,9667.72%
824716Ness City, FLCA824920110.0477213,477221,0180.04%
724151Chisholm Trail ACA724920110.15320211,407223,1670.15%
710862Legacy Ag Credit, ACA7109201113.8331,034224,458226,00813.83%
724031Idaho ACA724920110.05109217,893228,6530.05%
723008Maine ACA723920110.391,025260,720277,1890.39%
710122AgriLand FCS710920110.852,199258,767280,0130.85%
724715Western Kansas ACA724920110.05150275,057286,3250.05%
720861Jackson Purchase ACA720920110.802,226277,106291,3690.80%
724466Colusa-Glenn ACA724920110.471,367289,420295,9200.47%
720040Central Kentucky ACA720920111.273,868303,749333,2241.27%
710551Heritage Land Bank, ACA710920115.5318,447333,713342,9155.53%
723026Yankee ACA723920111.635,424332,542346,3591.63%
720186Northwest Florida ACA7209201114.2550,769356,287374,19614.25%
710549Central Texas ACA710920110.381,423378,610387,3290.38%
720168Southwest Georgia ACA720920114.0712,670310,960387,3414.07%
810586Panhandle-Plains FLCA810920112.9611,330382,611389,2562.96%
710139Texas AgFinance FCS710920111.786,667375,147393,8731.78%
724710Western Oklahoma ACA724920110.07274385,377399,3610.07%
720188Central Florida ACA720920115.6619,092337,572403,5675.66%
710985Alabama ACA710920111.596,540410,381422,4751.59%
724400Northern California ACA724920110.04171418,657427,4400.04%
720131ArborOne, ACA720920114.5013,149292,018442,6984.50%
724488Premier ACA724920110.301,360449,665465,3290.30%
710119Great Plains Ag Credit, ACA710920114.3219,324447,122467,3604.32%
710973Mississippi Land Bank, ACA710920110.783,572459,660471,0650.78%
710659Texas Land Bank, ACA710920110.11528465,569474,7540.11%
724713High Plains ACA724920110.371,714459,763477,0700.37%
710150AgTexas FCS710920111.215,060417,949560,1801.21%
724417Southwest Kansas ACA724920110.965,187541,465563,1030.96%
722406Progressive FCS, ACA722920110.492,687551,547576,2180.49%
724980East Central Oklahoma ACA724920110.663,736562,890578,3670.66%
724247Western AgCredit, ACA724920110.573,285574,943598,8300.57%
824418Kingsburg FLCA824920110.774,735614,367628,6170.77%
720143Colonial ACA720920112.5916,342630,543648,7482.59%
722114Mandan ACA722920110.674,334648,443670,4120.67%
710990Alabama Ag Credit, ACA710920112.2715,472682,691697,7792.27%
710981Southern AgCredit, ACA710920111.006,603657,499721,2381.00%
722075North Dakota ACA722920110.543,799703,220721,7380.54%
710924Louisiana Land Bank, ACA710920116.1244,219722,361736,6586.12%
724940Southern Colorado ACA724920111.389,838712,032739,4681.38%
720105Cape Fear ACA720920114.0530,730757,990804,0874.05%
722313Western Arkansas ACA722920113.9031,787814,463837,1333.90%
722350AgHeritage ACA722920110.554,500810,826856,5890.55%
724676Fresno-Madera ACA724920110.121,002848,507867,7420.12%
722308Midsouth ACA722920111.4312,437871,347895,3101.43%
710739Lone Star, ACA710920119.8687,298885,085931,9919.86%
724333FCS Southwest ACA724920112.5323,501928,377959,1862.53%
720335AgCarolina ACA720920113.4233,041965,6991,036,7883.42%
720376Florida ACA7209201111.95117,725985,1161,078,92711.95%
724576The Mountain Plains ACA724920111.1912,4521,049,2841,087,6661.19%
720336AgGeorgia ACA720920115.4463,5841,169,5961,217,8565.44%
722643United ACA722920110.839,6781,162,9801,219,5570.83%
720899AG CREDIT ACA720920110.354,2531,202,0651,221,0890.35%
724947New Mexico ACA724920110.465,8641,275,2631,320,2120.46%
720331Carolina ACA720920113.3440,5041,212,3821,334,1673.34%
720181AgChoice ACA720920113.4744,9591,296,7411,338,0243.47%
724839Frontier ACA724920111.4218,5831,311,4951,364,1001.42%
720033First South ACA720920110.8411,0481,318,2131,425,8580.84%
720194FC of the Virginias ACA720920111.8627,4111,474,1401,541,6201.86%
724450Yosemite ACA724920110.629,2141,490,8311,611,5990.62%
720735AgSouth ACA720920111.9830,8041,555,3841,647,0551.98%
720164MidAtlantic ACA720920113.9787,6502,209,9962,261,1133.97%
722644FCS Financial, ACA722920111.4232,8702,308,1142,381,4971.42%
722146FCS of Illinois ACA722920110.5613,8292,481,6762,569,1080.56%
722344Badgerland ACA722920110.9624,6102,571,8562,685,2610.96%
722498AgCountry ACA722920111.0633,3253,138,3323,379,2251.06%
7225021st Farm Credit Services, ACA722920111.3141,4313,156,8703,560,7781.31%
723838Farm Credit East, ACA723920111.1247,9824,294,9624,439,4161.12%
724669American AgCredit, ACA724920111.7776,0574,308,6954,501,4701.77%
710566Capital Farm Credit, ACA710920113.25160,9644,947,9435,058,8363.25%
722012GreenStone ACA722920111.6784,6435,079,5225,335,6591.67%
722072AgStar ACA722920113.46174,8025,049,6885,758,6183.46%
724124Farm Credit West, ACA724920111.5687,5215,621,7726,164,3921.56%
723898Northwest FCS, ACA723920112.93247,5728,447,2488,739,0882.93%
722198FCS of America ACA722920110.81124,86415,439,68516,069,2390.81%
722825Mid-America ACA722920111.98288,59914,553,04316,834,2671.98%
Nonaccruals as a % of Gross Loans
Association Size: Less than $1.0B in Assets
Nonaccruals as a % of Gross Loans36522772911143311663021668851733761911331929662210182231672260082286532771892800132863252913692959203332243429153463593741963873293873413892563938733993614035674224754274404426984653294673604710654747544770705601805631035762185783675988306286176487486704126977797212387217387366587394688040878371338565898677428953104.0326899999999999E-28.9119999999999998E-31.1337099999999999E-24.8053199999999997E-27.5439999999999995E-31.10432E-27.7447000000000002E-27.7218599999999998E-23.6069999999999999E-41.5137E-30.138261899999999995.0020000000000002E-43.9313999999999998E-38.4980000000000003E-35.4529999999999997E-48.0330000000000002E-34.7232000000000003E-31.2734199999999999E-25.5278000000000001E-21.6310700000000001E-20.14249473.7585000000000001E-34.0744800000000005E-22.9612300000000001E-21.7771699999999998E-27.1099999999999994E-45.6556800000000004E-21.59364E-24.0840000000000001E-44.5027999999999999E-23.0244999999999998E-34.3218600000000003E-27.7710000000000001E-31.1340999999999999E-33.7280000000000004E-31.21067E-29.5796000000000006E-34.8717999999999999E-36.6371999999999994E-35.7136000000000001E-37.7070999999999997E-32.5917300000000001E-26.6836999999999999E-32.2663300000000001E-21.0042599999999999E-25.4022999999999996E-36.1214500000000005E-21.3816800000000001E-24.0541400000000005E-23.9028199999999999E-25.5499E-31.1808999999999999E-31.4273299999999999E-29.8632299999999992E-22.5314100000000003E-2
Nonaccruals as a % of Gross Loans4.03268999999999970.891199999999999991.133714.805320.754399999999999961.104327.74469999999999997.72186000000000043.6069999999999998E-20.1513713.826195.0020000000000002E-20.393139999999999990.84985.4530000000000002E-20.803300000000000010.472320000000000021.273425.52781.6310714.2494700000000010.375850000000000024.07448000000000032.961231.77716999999999997.1099999999999997E-25.65568000000000031.59363999999999994.0840000000000001E-24.50279999999999970.302454.321860.777100000000000010.113410.372800000000000021.21066999999999990.957960000000000030.487180.663719999999999980.571359999999999980.770710000000000012.59173000000000010.668370000000000022.266331.00425999999999990.540229999999999996.12145000000000031.381684.05414000000000033.90282000000000020.554989999999999980.118091.427339.86322999999999972.53141000000000023.421460000000000211.9503699999999993548574506111757155744159995166890161491187662213477211407224458217893260720258767275057277106289420303749333713332542356287378610310960382611375147385377337572410381418657292018449665447122459660465569459763417949541465551547562890574943614367630543648443682691657499703220722361712032757990814463810826848507871347885085928377965699985116Nonaccruals as a % of Gross Loans3548574506111757155744159995166890161491187662213477211407224458217893260720258767275057277106289420303749333713332542356287378610310960382611375147385377337572410381418657292018449665447122459660465569459763417949541465551547562890574943614367630543648443682691657499703220722361712032757990814463810826848507871347885085928377965699985116104928411695961162980120206512752631212382129674113114951318213147414014908311555384220999623081142481676257185631383323156870429496243086954947943507952250496885621772844724815439685145530434.03268999999999970.891199999999999991.133714.805320.754399999999999961.104327.74469999999999997.72186000000000043.6069999999999998E-20.1513713.826195.0020000000000002E-20.393139999999999990.84985.4530000000000002E-20.803300000000000010.472320000000000021.273425.52781.6310714.2494700000000010.375850000000000024.07448000000000032.961231.77716999999999997.1099999999999997E-25.65568000000000031.59363999999999994.0840000000000001E-24.50279999999999970.302454.321860.777100000000000010.113410.372800000000000021.21066999999999990.957960000000000030.487180.663719999999999980.571359999999999980.770710000000000012.59173000000000010.668370000000000022.266331.00425999999999990.540229999999999996.12145000000000031.381684.05414000000000033.90282000000000020.554989999999999980.118091.427339.86322999999999972.53141000000000023.421460000000000211.9503699999999991.18670999999999995.43641000000000040.832169999999999970.353810000000000010.459830000000000023.34086000000000023.46708000000000021.416930.838099999999999961.85945999999999990.618040000000000031.980483.96607000000000021.424110.557239999999999960.956899999999999971.06187000000000011.31241000000000011.117171.76520000000000013.25315000000000021.66636000000000013.46164000000000011.55682000000000012.93080000000000010.808719999999999991.98308
Nonaccruals as a % of Gross Loans
Association Size: Greater than $1.0B in Assets
Nonaccruals as a % of Gross Loans80408783713385658986774289531093199195918610367881078927108766612178561219557122108913202121334167133802413641001425858154162016115991647055226111323814972569108268526133792253560778443941645014705058836533565957586186164392873908816069239168342674.05414000000000033.90282000000000020.554989999999999980.118091.427339.86322999999999972.53141000000000023.421460000000000211.9503699999999991.18670999999999995.43641000000000040.832169999999999970.353810000000000010.459830000000000023.34086000000000023.46708000000000021.416930.838099999999999961.85945999999999990.618040000000000031.980483.96607000000000021.424110.557239999999999960.956899999999999971.06187000000000011.31241000000000011.117171.76520000000000013.25315000000000021.66636000000000013.46164000000000011.55682000000000012.93080000000000010.808719999999999991.98308
Creditquality
Quarterly change
Current Qtr12/31/17
Nonaccrual Loans ($M) Other Nonperforming Loans ($M)Total Nonperforming LoansGross LoansNonperforming Loans as a % of Gross LoansOPO
Date
1991'91
1992'92
12/31/867,0661,4008,46658,24914.53%1,1011993'93
12/31/875,2341,8367,07052,49813.47%8761994'94
12/31/883,3292,4905,81951,42711.32%6631995'95
12/31/892,5532,6255,17850,70710.21%4681996'96
12/31/902,6272,0334,66051,1729.11%3461997'97
12/31/912,3221,4313,75351,4577.29%411'911998'98
12/31/921,9549052,85952,4075.46%315'921999'99
12/31/931,4605982,05853,9093.82%186'932000'00
12/31/941,0364401,47654,6762.70%100'9420017.5%'01
12/31/958013491,15058,5891.96%63'9520027.9%'02
12/31/9664527491961,1781.50%55'9620037.3%'03
12/31/9759223682863,4391.31%31'9720045.3%'04
12/31/981,2001961,39667,9042.06%32'9820054.1%'05
12/31/999541521,10670,0021.58%25'9920063.7%'06
12/31/0071016987975,2231.17%43'0020073.4%'07
12/31/0177118595682,6441.16%51'0120085.3%'08
12/31/029391921,13190,0401.26%49'0220099.6%'09
12/31/031,0491371,18692,7901.28%41'0320109.4%'10
12/31/046469774396,3670.77%24'0420117.4%'11
12/31/0552476600106,2720.56%16'0520125.5%'12
12/31/0653382615123,4360.50%21'0620134.2%'13
12/31/07512109621142,9060.43%32'0720143.6%'14
12/31/082,2821342,416161,4231.50%46'0820154.0%'15
12/31/093,3691663,535164,8302.14%241'0920165.5%'16
12/31/103,2291573,386175,3511.93%454'1020176.1%'17
12/31/112,7382592,997174,6641.72%458'11
12/31/122,3003082,608191,9041.36%324'12
12/31/131,7363042,040201,0601.01%198'13
12/31/141,3753621,737217,0540.80%132'14
12/31/151,3243051,629235,8900.69%96'15
12/31/161,5913711,962248,7680.79%75'16
12/31/171,6603071,967258,7770.76%55'17
409084127441639420044236942735431001.7158658910823067E-21.3590128397532099E-21.0146225007460459E-28.0026168603204734E-36.9057611598626481E-37.8868664780036013E-37.6011392047979536E-3
'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 3753285920581476115091982813961106879956113111867436006156212416353533862997260820401737162919621967
Nonperforming Loans as a % of Gross Loans
'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 7.2934683327827113E-25.455378098345641E-23.8175443803446549E-22.699539103079962E-21.9628257864104184E-21.5021739841119357E-21.3051908132221504E-22.0558435438265788E-21.579954858432616E-21.1685255839304468E-21.156768791442815E-21.2561083962683251E-21.2781549735962927E-27.7101082320711447E-35.6458897922312557E-34.9823390258919601E-34.3455138342686798E-31.4966888237735638E-22.1446338651944428E-21.9309841403812925E-21.7158658910823067E-21.3590128397532099E-21.0146225007460459E-28.0026168603204734E-36.9057611598626481E-37.8868664780036013E-37.6011392047979536E-3
Loans Classified Less than Acceptable'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14'15'16'177.5300000000000006E-27.8699999999999992E-27.3099999999999998E-25.3400000000000003E-24.1300000000000003E-23.6999999999999998E-23.4000000000000002E-25.3000000000000005E-29.5899999999999999E-29.4299999999999995E-27.3999999999999996E-25.5E-24.1999999999999996E-23.599999999999999E-20.045.5E-26.0999999999999999E-2
LoanPortfolio (2)
FCS Loan Portfolio Geographical Distributionas of December 31, 2017
California10.6%
Texas6.9%
Iowa5.4%
Illinois5.0%
Minnesota4.9%
FCS Loan Portfolio(in millions)Dec-17% of% ChangeDec-16Nebraska3.9%
Portfolioover 2016Ohio3.7%
Cash Grains43,14616.7%1.0%42,719Wisconsin3.0%
Rural Infrastructure27,96510.8%1.9%27,440Kansas3.0%
Cattle23,7789.2%5.0%22,653Indiana3.0%
Food Products17,9697.0%0.2%17,942
Dairy Farms17,1946.7%4.2%16,499
Rural Home16,0816.2%0.5%15,999
Forestry15,4686.0%(0.6%)15,554
Field Crops14,5125.6%5.2%13,800
Tree Fruits, Nuts & Grapes14,2795.5%13.4%12,591
Farm Supply & Marketing12,2494.7%16.0%10,556
Poultry & Eggs7,0782.7%8.8%6,504
Hogs6,0112.3%7.7%5,582
Other43,04716.6%5.2%40,929
Total258,777100.0%4.0%248,768
GRAPH DATA
Dec-17%
Cash Grains43,14616.7%
Rural Infrastructure27,96510.8%
Cattle23,7789.2%
Food Products17,9697.0%
Dairy Farms17,1946.7%
Rural Home16,0816.2%
Forestry15,4686.0%
Field Crops14,5125.6%
Tree Fruits, Nuts and Grapes14,2795.5%
Farm Supply & Marketing12,2494.7%
Poultry & Eggs7,0782.7%
Hogs6,0112.3%
Other43,04716.6%
Total258,777100.0%
Cash Grains Rural Infrastructure Cattle Food Products Dairy Farms Rural Home Forestry Field Crops Tree Fruits, Nuts and Grapes Farm Supply & Marketing Poultry & Eggs Hogs Other0.167000000000000010.1089.1999999999999998E-27.0000000000000007E-26.7000000000000004E-26.2E-20.065.6000000000000001E-25.5E-24.7E-22.7E-22.3E-20.16600000000000001
Nonperf_byLoanType
March-09March-10March-11
GrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperforming
Mar-14Mar-13Mar-12Real Estate Mortgage 72,5438471.2%75,0271,4611.9%77,8851,7902.3%
GrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperformingProduction & Intermediate36,0297532.1%37,7791,4783.9%38,3441,0522.7%
Total FCS204,5632,0681.0%191,7972,7111.4%178,5952,9701.7%Agribusiness 27,7781,1724.2%23,4445502.3%34,3004981.5%
46.0%RE Mortgage ( 46%)94,2011,1251.2%88,6861,4121.6%81,3291,5701.9%Rural Residential RE4,660561.2%5,078701.4%5,537821.5%
20.5%Prod. & Intermediate ( 21%)42,0236401.5%39,6347952.0%38,0629372.5%Other21,301880.4%21,1741570.7%21,5331180.5%
16.3%Agribusiness ( 16%)33,4311070.3%30,1172190.7%29,9162830.9%Total FCS00162,3112,9161.80%162,5023,7162.29%177,5993,5401.99%
9.9%Rural Utility ( 10%)20,2231130.6%19,2231961.0%16,409670.4%
7.2%Other ( 7%)14,685830.6%14,137890.6%12,8791130.9%
Mar-09Mar-10Mar-11
GrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperforming
Total FCS 162,3112,9161.80%162,5023,7162.29%177,5993,5401.99%
RE Mortgage 72,5438471.17%75,0271,4611.95%77,8851,7902.30%
Production & Intermediate36,0297532.09%37,7791,4783.91%38,3441,0522.74%
Agribusiness 27,7781,1724.22%23,4445502.35%34,3004981.45%
Other25,9611440.55%26,2522270.86%27,0702000.74%
177599
177,599,000,000
177599
83422
38344
34300
21533
Mar-14
RE Mortgage ( 46%)Prod. & Intermediate ( 21%)Agribusiness ( 16%)Rural Utility ( 10%)Other ( 7%)1.194254838059044E-21.5229755134093234E-23.2006221770213275E-35.5876971764822229E-35.6520258767449776E-3Mar-13
RE Mortgage ( 46%)Prod. & Intermediate ( 21%)Agribusiness ( 16%)Rural Utility ( 10%)Other ( 7%)1.5921340459599035E-22.0058535600746833E-27.271640601653551E-31.0196119232169797E-26.2955365353328145E-3Mar-12
RE Mortgage ( 46%)Prod. & Intermediate ( 21%)Agribusiness ( 16%)Rural Utility ( 10%)Other ( 7%)1.9304307196694907E-22.4617728968525036E-29.4598208316619865E-34.0831251142665614E-38.7739731345601365E-3
Mar-09
1.7965510655470054E-21.1675833643494204E-22.0899830691942602E-24.2191662466700267E-25.5467817110280808E-3Mar-10
2.2867410862635537E-21.9472989723699468E-23.9122263691468803E-22.3460160382187342E-28.6469602316014017E-3Mar-11
1.9932544665228973E-22.2982602555049112E-22.743584393907782E-21.4518950437317784E-27.3882526782415962E-3
Net Interest Spread
Rate: Earning AssetsRate: Interest-Bearing Liabilities% Net Interest Spread
20052.01
20061.76
20071.73
20081.99
20092.43
20104.24-1.632.612.61
20114.06-1.382.682.68
20123.79-1.082.712.71
20133.59-0.952.642.64
20143.46-0.962.502.50
20153.41-1.012.402.40
YTD '163.46-1.162.30
20066.654.891.76
20076.845.111.73
20085.553.561.99
20094.482.052.43
20104.241.632.61
20114.061.382.68
20123.791.082.71
20133.590.952.64
20143.460.962.50
20153.411.012.40
20163.481.172.31
YTD '173.701.462.24
2016
QtrYTD
12.312.31
22.292.30
32.302.29
42.342.31
200520062007200820092010201120122013201420152.00999999999999981.761.731.992.43000000000000022.612.682.712.642.52.4
201020112012201320142015YTD '164.244.05999999999999963.793.593.463.413.46201020112012201320142015YTD '16-1.63-1.38-1.08-0.95-0.96-1.01-1.1599999999999999201020112012201320142015YTD '162.61000000000000032.67999999999999972.712.63999999999999972.52.40000000000000042.2999999999999998Rate: Earning Assets
20092010201120122013201420152016YTD '174.48000000000000044.244.05999999999999963.793.593.463.413.483.7Rate: Interest-Bearing Liabilities
20092010201120122013201420152016YTD '172.04999999999999981.631.381.080.950.961.011.171.46% Net Interest Spread
20092010201120122013201420152016YTD '172.43000000000000062.61000000000000032.67999999999999972.712.63999999999999972.52.40000000000000042.312.2400000000000002
Rate_Vol
RATE / VOLUME
Net Interest Income (YTD through September)
20162015Inc / (Dec)Inc / (Dec) due to
RateVolume
Interest Income7,7386,948790114676
Interest Expense(2,214)(1,731)(483)(308)(175)
Net Interest Income5,5245,217307(194)501
Sector_Nonaccruals
12/31/1312/31/1212/31/1112/31/10Nonaccruals as a % of Gross Loans
Loans OutstandingNon Accruals%Loans OutstandingNon Accruals%Loans OutstandingNon Accruals%Loans OutstandingNon Accruals%Dec-13Dec-12Dec-11Dec-10
Cattle18,51
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