Five-Year Summary of Selected Financial Data 2020
(dollars in thousands) At December 31: Consolidated Balance Sheets Data Loans and leases Less: allowance for loan losses Net loans and leases Investment securities - available for sale Investment in CoBank Other property owned Other assets Total assets Obligations with maturities of one year or less Obligations with maturities longer than one year Total liabilities Preferred stock Capital stock and participation certificates Additional paid-in-capital Unallocated retained earnings Accumulated other comprehensive loss Total members’ equity Total liabilities and members’ equity For the year ended December 31: Consolidated Statements of Income Data Net interest income Patronage received from Farm Credit Institutions Provision for loan losses Noninterest expense, net (Provision for) benefit from income taxes Net income Comprehensive income
2019
2018
2017
2016
11,603,195 (77,600)
$ 10,719,896 (73,800)
$ 10,112,715 (61,800)
$ 9,699,371 (64,900)
$ 9,469,588 (55,600)
11,525,595 399,948 371,862 1 305,754 12,603,160
10,646,096 — 339,083 3,978 250,469 $ 11,239,626
10,050,915 — 321,888 1,211 240,756 $ 10,614,770
9,634,471 91,538 315,570 5,085 220,707 $ 10,267,371
9,413,988 114,712 303,675 3,483 205,339 $ 10,041,197
5,908,239 4,307,528 10,215,767
$
$
$ 8,170,679 16,981 8,187,660
$ 8,089,920 15,763 8,105,683
353,360 4,980 133,312 1,901,370 (5,629) 2,387,393 12,603,160
365,403 4,932 133,312 1,794,045 (5,030) 2,292,662 $ 11,239,626
378,105 5,025 133,312 1,669,518 (5,010) 2,180,950 $ 10,614,770
399,667 5,200 133,312 1,545,742 (4,210) 2,079,711 $ 10,267,371
384,119 5,200 133,312 1,416,252 (3,369) 1,935,514 $ 10,041,197
$
$
258,367 47,920 (11,626) (74,518) 72 220,215
$
$
274,318 56,274 (7,936) (74,548) (9) 248,099
$
$
298,684 52,683 (19,331) (76,971) (41) 255,024
$
$
317,425 61,780 (5,488) (77,319) (6) 296,392
$
250,417 44,724 (20,216) (68,742) (119) 206,064
$
295,793
$
255,004
$
247,299
$
219,374
$
205,976
$
$ $
$
$
Consolidated Key Financial Ratios (1) For the year ended December 31: Return on average assets Return on average members’ equity Net interest income as a % of average earning assets Net charge-offs as a % of average loans At December 31: Members’ equity as a % of total assets Ratio of debt to members’ equity Allowance for loan losses as a % of loans Common Equity Tier 1 (CET1) Capital ratio Tier 1 Capital ratio Total Capital ratio Tier 1 Leverage ratio Unallocated Retained Earnings and URE Equivalents (UREE) Leverage ratio Permanent capital ratio Other Patronage distributions paid Patronage distributions declared Preferred stock dividends declared Loans serviced for others
$ $ $ $
4,945,992 4,000,972 8,946,964
8,417,487 16,333 8,433,820
2.57% 12.25%
2.40% 10.99%
2.44% 11.28%
2.21% 10.66%
2.14% 10.75%
2.87% 0.02%
2.98% 0.07%
2.86% 0.11%
2.73% 0.02%
2.69% 0.11%
18.94% 4.3 to 1 0.67% 13.85% 13.85% 14.46% 14.74%
20.40% 3.9 to 1 0.69% 14.37% 14.37% 15.00% 15.70%
20.55% 3.9 to 1 0.61% 14.00% 14.00% 14.66% 15.29%
20.26% 3.9 to 1 0.67% 13.33% 13.33% 13.95% 14.37%
19.28% 4.2 to 1 0.59% — — — —
16.30% 16.88%
17.31% 17.75%
16.95% 17.64%
15.99% 17.37%
177,000 185,000 4,067 3,020,831
$ $ $ $
115,700 122,000 8,497 2,811,436
$ $ $ $
82,700 115,700 8,623 2,967,831
$ 79,500 $ 82,700 $ 8,025 $ 2,834,877
— —
$ 66,676 $ 79,500 $ 7,491 $ 2,538,177
(1) For the 2012-2016 Core Surplus, Total Surplus, and Permanent capital ratios prior to implementation of the 2017 capital regulations, see Disclosure Information Required by Farm Credit Administration Regulations on page 73.
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