Five-Year Summary of Selected Consolidated Financial Data
FIVE-YEAR SUMMARY OF SELECTED CONSOLIDATED FINANCIAL DATA (Dollars in thousands, Unaudited)
Dollars in Thousands, Unaudited
2021 Consolidated Statement of Condition Data Loans Less allowance for loan losses
2020
December 31 2019
2018
2017
Net loans Investment in CoBank, ACB Other assets Total assets
$ 1,351,411 $ 1,291,568 $ 1,225,675 $ 1,247,297 $ 1,115,862 7,012 7,370 6,927 6,787 6,058 1,344,399 1,284,198 1,218,748 1,240,510 1,109,804 40,876 40,398 38,703 36,840 32,001 40,146 38,916 48,484 48,975 33,169 $ 1,425,421 $ 1,363,512 $ 1,305,935 $ 1,326,325 $ 1,174,974
Obligations with maturities of one year or less Obligations with maturities longer than one year Reserve for unfunded commitments Total liabilities Capital stock and participation certificates Unallocated retained earnings Total members' equity Total liabilities and members' equity
$ 1,124,436 $ 1,073,338 $ 1,027,519 $ 1,058,601 $ 916,877 498 474 459 443 443 377 394 291 323 264 1,125,311 1,074,206 1,028,269 1,059,367 917,584 760 757 755 774 757 299,350 288,549 276,911 266,184 256,633 300,110 289,306 277,666 266,958 257,390 $ 1,425,421 $ 1,363,512 $ 1,305,935 $ 1,326,325 $ 1,174,974 2021
Consolidated Statement of Income Data Net interest income Patronage distribution from Farm Credit institutions (Loan loss reversal) provision for loan losses Noninterest expense, net Provision for (benefit from) income taxes Net income
$
$
For the Year Ended December 31 2020 2019 2018
2017
35,300 $ 9,795 (391) 20,562 2 24,922 $
33,184 $ 8,594 342 17,200 (52) 24,288 $
33,026 $ 7,888 204 17,442 2 23,266 $
32,157 $ 7,869 1,221 18,850 2 19,953 $
29,163 5,950 310 14,891 2 19,910
1.80% 8.23%
1.85% 8.36%
1.82% 8.28%
1.62% 7.37%
1.81% 7.71%
2.68%
2.66%
2.72%
2.74%
2.79%
(<0.01%)
(0.01%)
0.01%
0.04%
<0.01%
21.05% 3.75:1 0.52% 16.74% 16.74% 17.21% 19.41%
21.22% 3.71:1 0.57% 16.84% 16.84% 17.36% 19.45%
21.26% 3.70:1 0.57% 16.85% 16.85% 17.36% 19.79%
20.13% 3.97:1 0.54% 16.90% 16.90% 17.40% 19.40%
21.91% 3.57:1 0.54% 18.16% 18.16% 18.67% 21.08%
20.64% 16.81%
20.63% 16.93%
20.86% 16.94%
20.10% 16.98%
21.81% 18.25%
12,650 $ 15,802 $
12,539 $ 10,402 $
10,402 $ 10,251 $
10,251 9,251
Key Financial Ratios For the Year Return on average assets Return on average members' equity Net interest income as a percentage of average earning assets Net (recoveries) charge-offs as a percentage of average loans At Year End Members' equity as a percentage of total assets Debt as a ratio to members' equity Allowance for loan losses as a percentage of loans Common equity tier 1 (CET1) capital ratio Tier 1 capital ratio Total capital ratio Tier 1 leverage ratio Unallocated retained earnings (URE) and URE equivalents (UREE) leverage ratio Permanent capital ratio Other Cash patronage distributions declared Cash patronage distributions paid
$ $
14,121 $ 9,387 $
2 0 2 1 A N N U A L R E P O R T 17
