Bob Frazee
description
Transcript of Bob Frazee
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BOB FRAZEEChief Executive Officer
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JOHN WHEELERChief Financial Officer
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2012 FINANCIAL OVERVIEW
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2008 2009 2010 2011 20128,200
8,400
8,600
8,800
9,000
9,200
9,400
9,600
9,800
10,000
8,900
9,162
9,416
9,682 9,696Chart Title
Number of Active Members
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Loan Volume Outstanding (in billions)
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
2008 2009 2010 2011 2012
$2.19 $2.29 $2.28 $2.17 $2.14
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Credit Quality
2008 2009 2010 2011 20120.0%
20.0%
40.0%
60.0%
80.0%
100.0%
95.5%93.0% 93.3% 94.4% 94.7%
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2012 Portfolio Concentrations
Other – 5% or less
Poultry 19%
Cash Grain/ Crops 25%Landlords/
Lessors11%
Dairy 9%
Equine 8%
Nurseries/ Greenhouses
6%
Livestock/ Animal 6%
Fruits & Vegetables 6%
Other10%
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Net Income (in millions)
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
2008 2009 2010 2011 2012
$38.8
$32.3
$50.3
$45.2
$51.7
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Operating Efficiency
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
2008 2009 2010 2011 2012
39.4%
45.0%
33.6% 35.5% 35.4%
42.5%
47.3%
40.4%42.5% 42.3%
MAFC District
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2012 Patronage
Cash $ 10,752,000 39.44 %
Qualified Allocated Surplus
$ 2,469,000 9.06 %
Nonqualified Allocated Surplus
$ 14,041,000 51.50 %
TOTAL $ 27,262,000 100.00 %
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Total Patronage Paid
$20.9million returned in cash
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$398million declared
Patronage since 1990
$270million returned
in cash
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Election Regions