MidAtlantic Farm Credit, ACA
Consolidated Balance SheetsMidAtlantic Farm Credit, ACA
(dollars in thousands)
Consolidated Balance Sheets Consolidated Statements of Income December 31, 2015
2016
Assets
(dollars Cash in thousands)
$
Interest Loans Income Loans Allowance for loan losses Net loans Interest Expense Notes payable to AgFirst Farm Credit Bank Loans held for sale Accrued interest receivable Net interest income Investments in other Farm Credit institutions Provision for (reversal of allowance for) loan losses Premises and equipment, net Other property owned Net interestreceivable income after provision for (reversal of allowance for) Accounts loan losses Other assets
Noninterest Total Income assets Loan fees Fees for financially related services Liabilities Patronage refunds from other Farm Credit Notes payable to AgFirst Farm Credit Bankinstitutions Gains (losses) on sales of rural home loans, net Accrued interest payable Gains (losses) on sales of premises and equipment, net Patronage refunds payable Gains (losses) on other transactions Accounts payable Other noninterest income Other liabilities
For the year ended December 31, 2015 2014 6,578 $ 2,615
3,894 2016 $
2,607,353 2,456,577 $ 116,728 (24,780) $ 109,152 (24,377)
2,276,982 $ (24,954) 107,781
2,582,976
2,252,028 39,946 373 11,917 67,835 26,271 125 12,220 844 35,123 67,710 6,417
473 13,656 29,172 11,744 729 28,166 5,915 $ 2,676,725 $ 2,040,901 4,316 18,699 3,977 40,302
2,431,797 43,947 — 12,582 66,920 65,205 27,067 750 (567) 11,802 290 26,573 66,170 65,772 8,002
49,808
$ 2,524,691 $ 2,347,808 1,280 1,168 1,244 3,161 2,955 2,510 27,519 26,040 $ 1,760,410 34,351 $ 1,914,310 1,344 871 3,9001,394 3,442 202 21,095 116 124 24,967 103 3,816 (565) 3,38693 231 41,863 178 178 37,576
31,286 2,108,195 33,840 1,984,984
Total Totalnoninterest liabilities income Commitments and contingencies (Note 11) Noninterest Expense Members' Salaries and Equity employee benefits Capital stock participation certificates Occupancy andand equipment Retained Fund earnings Insurance premiums Allocated (Gains) losses on other property owned, net Unallocated Other operating expenses Accumulated other comprehensive income (loss) Total noninterest expense Total members' equity Income before income taxes Total and members' equity Provision for liabilities income taxes
39,371 1,829,781
29,040 28,927 27,646 9,9502,450 9,743 2,447 2,365 3,258 2,294 2,042 332,358 292,021 308 309,030 22 (551) 226,148 7,441 221,238 216,797 10,118 7,204 (240) (511) (534) 43,811 38,706 42,494 568,530 539,707 518,027 57,516 53,247 68,375 $ 2,676,725 $ 2,524,691 173 $ 2,347,808 170 1,365 10,264
$
Net income
57,346
$
The accompanying notes are an integral part of these consolidated financial statements.
29 2016 Annual Report
The accompanying notes are an integral part of these consolidated financial statements.
34 MidAtlantic Farm Credit, ACA
2014
30 2016 Annual Report
53,074
$
67,010