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Provided here are four tables containing annual data or selected financial performance indicators for Farm Credit System institutions, as of Dec. 31.
Each of the FCS districts consists of a single FCS bank and its affiliated associations; the name of the district corresponds to the name of its bank.
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Cash, Federal funds sold, securities purchased under resale agreements and investments | $ 98,773 | $ 93,487 | $ 89,896 | $ 80,816 | $ 74,210 |
| Loans | 428,913 | 398,176 | 373,266 | 343,929 | 315,490 |
| Allowance for credit losses on loans | -1,799 | -1,617 | -1,576 | -1,632 | -1,796 |
| Net loans | 427,114 | 396,559 | 371,690 | 342,297 | 313,694 |
| Accrued interest receivable | 5,264 | 4,726 | 3,572 | 2,560 | 2,585 |
| Other property owned | 72 | 58 | 28 | 39 | 37 |
| Other assets | 13,142 | 13,006 | 11,877 | 10,245 | 10,167 |
| Total assets | 544,365 | 507,836 | 477,063 | 435,957 | 400,693 |
| Systemwide bonds and medium-term notes | 428,515 | 396,409 | 362,624 | 328,552 | 299,145 |
| Systemwide discount notes | 19,346 | 19,124 | 27,353 | 24,271 | 23,510 |
| Subordinated debt | 398 | 398 | 398 | 398 | 0 |
| Other bonds | 5,139 | 6,288 | 5,599 | 3,623 | 2,559 |
| Other liabilities | 12,135 | 12,288 | 12,488 | 9,636 | 9,944 |
| Total liabilities | 465,533 | 434,507 | 408,462 | 366,480 | 335,158 |
| Capital | 78,832 | 73,329 | 68,601 | 69,477 | 65,535 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Interest income | $ 29,629 | $ 26,240 | $ 16,716 | $ 12,541 | $ 13,107 |
| Interest expense | 17,594 | 14,807 | 6,174 | 2,777 | 4,061 |
| Net interest income | 12,035 | 11,433 | 10,542 | 9,764 | 9,046 |
| (Provision for credit losses) credit loss reversal | -569 | -614 | -40 | 152 | -107 |
| Noninterest income | 1,162 | 1,209 | 969 | 760 | 758 |
| Noninterest expense | -4,670 | -4,403 | -4,037 | -3,719 | -3,523 |
| Income before income taxes | 7,958 | 7,625 | 7,434 | 6,957 | 6,174 |
| Provision for income taxes | -160 | -180 | -166 | -161 | -172 |
| Net income | 7,798 | 7,445 | 7,268 | 6,796 | 6,002 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Return on average assets | 1.51% | 1.53% | 1.59% | 1.66% | 1.57% |
| Return on average capital | 10.12% | 10.41% | 10.45% | 9.94% | 9.26% |
| Net interest margin | 2.41% | 2.43% | 2.39% | 2.46% | 2.46% |
| Operating expense as a % of net interest income and noninterest income | 35.3% | 34.9% | 35.1% | 35.3% | 35.9% |
| Net loan charge-offs as a % of average loans | 0.10% | 0.08% | 0.01% | 0.01% | 0.03% |
| Nonperforming assets as a % of loans and other property owned | 0.81% | 0.45% | 0.47% | 0.46% | 0.60% |
| Allowance for credit losses on loans as a % of loans outstanding at year end | 0.42% | 0.41% | 0.42% | 0.47% | 0.57% |
| Capital-to-assets ratio | 14.5% | 14.4% | 14.4% | 15.9% | 16.4% |
| Capital-to-assets ratio (excluding restricted assets and capital — Insurance Fund) | 13.2% | 13.2% | 13.2% | 14.8% | 15.2% |
| Capital and allowance for credit losses on loans as a % of loans outstanding at year end | 18.8% | 18.8% | 18.8% | 20.7% | 21.3% |
| Debt to capital | 5.91:1 | 5.93:1 | 5.95:1 | 5.27:1 | 5.11:1 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
| AgFirst District | AgriBank District | Texas District | CoBank District | |
|---|---|---|---|---|
| December 31, 2024 | ||||
| Return on average assets | 1.32% | 1.53% | 1.48% | 1.45% |
| Return on average capital | 9.61% | 10.15% | 11.62% | 11.84% |
| Net interest margin | 2.60% | 2.47% | 2.61% | 2.17% |
| Operating expense as a % of net interest income and noninterest income | 50.95% | 36.17% | 41.77% | 33.73% |
| Net loan charge-offs as a % of average loans | 0.03% | 0.13% | 0.10% | 0.09% |
| Nonperforming assets as a % of loans and other property owned | 0.48% | 0.86% | 0.42% | 0.91% |
| Allowance for credit losses on loans as a % of loans | 0.34% | 0.23% | 0.33% | 0.65% |
| Capital-to-assets ratio | 13.11% | 14.74% | 12.05% | 11.95% |
| Capital and allowance for credit losses on loans as a % of loans | 16.73% | 17.88% | 14.93% | 16.30% |
| Debt to capital | 6.63:1 | 5.78:1 | 7.30:1 | 7.37:1 |
| December 31, 2023 | ||||
| Return on average assets | 1.20% | 1.51% | 1.41% | 1.42% |
| Return on average capital | 8.78% | 9.69% | 11.58% | 12.25% |
| Net interest margin | 2.73% | 2.52% | 2.55% | 2.15% |
| Operating expense as a % of net interest income and noninterest income | 54.01% | 37.86% | 43.57% | 34.47% |
| Net loan charge-offs as a % of average loans | 0.10% | 0.13% | 0.07% | 0.03% |
| Nonperforming assets as a % of loans and other property owned | 0.46% | 0.47% | 0.45% | 0.41% |
| Allowance for credit losses on loans as a % of loans | 0.37% | 0.20% | 0.32% | 0.63% |
| Capital-to-assets ratio | 13.14% | 14.96% | 11.97% | 11.62% |
| Capital and allowance for credit losses on loans as a % of loans | 17.08% | 18.22% | 14.90% | 15.86% |
| Debt to capital | 6.61:1 | 5.68:1 | 7.35:1 | 7.60:1 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
