Farm Credit System –U.S. Agricultural Credit Conditions

Glen R. SmithFarm Credit Administration BoardFarm Credit System Insurance Corporation Board of Directors

February 6, 2019

Spring 2017: Interviews with White House personnel

2

Fall 2017: Senate Ag Hearing/ Senate Confirmation

3

Introduction of Smith Family

4

Introduction by Senator Ernst and Senator Grassley

5

Taking the Oath of Office

6

On December 14, 2017, Glen R. Smith was sworn in as a member of the FCA Board by Chairman Dallas Tonsager, assisted by Glen’s wife, Fauzan.

Farm Credit Administration Board

7

Jeffery S. Hall

FCA Board MemberFCSIC Board Chairman

Glen R. Smith

FCA Board Member

Dallas P. Tonsager

FCA Board Chairman and CEO

Farm Credit Administration Mission and Responsibilities

The Farm Credit Administration ensures that Farm Credit System institutions and Farmer Mac are safe, sound, and dependable sources of credit and related services for all creditworthy and eligible persons in agriculture and rural America.

We fulfill this responsibility by – developing policies and regulations to help ensure the

safety and soundness of System institutions, and – examining institutions to ensure that they operate in a safe

and sound manner and comply with applicable laws and regulations.

FCA headquarters are in McLean, VA, with field offices in McLean; Bloomington, MN; Dallas, TX; Denver, CO; and Sacramento, CA.

8

Overview of the Farm Credit System

Government Oversight

Farm Credit System

9

FCS Banks

FCS Associations Farmer Mac

Borrowers / Stockholders

U.S. Congress (Farm Credit Act)

Farm Credit Administration

FFCB Funding Corporation

Farm Credit SystemInsurance Corporation

Financing the U.S. Farm Sector – Market Share

• Commercial banks (41.2% share in 2017)• Farm Credit System (40.4%)• Life insurance companies (3.8%)• U.S. Department of Agriculture (2.6%)• Farmer Mac (1.6%)• Individuals and others (10.4%)

10Source: USDA Economic Research Service.

Overview of the System

11Source: Federal Farm Credit Banks Funding Corporation.

525,000 Borrowers/Owners

69 Farm CreditAssociations

4 Banks

System Total Loans: $261 BSystem Total Assets $334 B

Systemwide Total Debt Securities: $269 B System Total Capital: $57 B

System Annualized Net Income: $5.3 B

What is today’s cooperative structure?*

12* As of June 30, 2018. Income annualized first 6 months.

FCS Funding Corporation

13

Farm Credit System territories

The number of System institutions has declined since the 1980s

14

4 banks and 69 associations

Two dozen FCS associations have assets greater than $1.5 billion

15

CoBank DistrictNorthwest FCS ($11.5 bil.)

Farm Credit West ($10.3 bil.)

American AgCredit ($10.0 bil.)

Farm Credit East ($6.9 bil.)

Yosemite FC ($2.9 bil.)

Frontier FC ($2.1 bil.)

FC of New Mexico ($1.7 bil.)

Golden State ($1.6 bil.)

AgriBank DistrictFCS of America ($28.0 bil.)

FC Mid-America ($22.5 bil.)

Compeer Financial ($19.5 bil.)

GreenStone FCS ($8.5 bil.)

AgCountry ($7.4 bil.)

FC of Illinois ($4.3 bil.)

FCS Financial ($4.0 bil.)

AgFirst DistrictMidAtlantic FC ($2.8 bil.)

First South FC ($2.1 bil.)

AgCredit ($2.0)

AgChoice FC ($1.9 bil.)

FC of the Virginias ($1.9 bil.)

AgSouth FC ($1.8 bil.)

Carolina FC ($1.5 bil.)

Texas DistrictCapital FC ($7.5 bil.)

AgTexas FCS ($1.9 bil.)

Source: 2017 Annual Information Statement of the FCS.

System’s loan portfolio is diversified geographically and by commodity

16

Cash Grains16.7%

Rural Infrastructure

10.8%Cattle9.2% Food

Products7.0%

Dairy Farms6.7%

Rural Home6.2%

Forestry6.0%

Field Crops5.6%Tree Fruits, Nuts

& Grapes5.5%

Farm Supply & Marketing

4.7%

Poultry & Eggs2.7%

Hogs2.3%

Other16.6%

California 10.6%Texas 6.9%Iowa 5.4%Illinois 5.0%Minnesota 4.9%Nebraska 3.9%Ohio 3.7%Wisconsin 3.0%Kansas 3.0%Indiana 3.0%

FCS Loan Portfolio Geographical Distribution

as of December 31, 2017

Source: 2017 Annual Information Statement of the FCS.

Input_Total

Current Qtr ===>12/31/16

DateTotal AssetsQtrly Avg. Earning AssetsYTD Avg. Earning AssetsCash, FF, SecuritiesGross LoansOther AssetsTotal CapitalRestricted CapitalNonaccrual LoansOther Non-performing LoansYTD Provision for Loan LossesQtrly Net Inc.YTD Net Inc.ROAA QtrROAA YTD

Johnson: unless otherwise noted, source of ROAA is FFCB Grey BookQuarterly NIMNon-performing Loans/Gross LoansAccept Loans/Total LoansDaysLiquidityValues

Dec-9988,69270,002DateSum of Total AssetsSum of Cash, FF, SecuritiesSum of Gross LoansSum of Other AssetsSum of Total CapitalSum of Restricted CapitalSum of Nonaccrual LoansSum of Other Non-performing LoansSum of ROAA QtrSum of ROAA YTDSum of Qtrly Net Inc.Sum of YTD Net Inc.Sum of Non-performing Loans/Gross LoansSum of Accept Loans/Total LoansSum of DaysLiquiditySum of YTD Provision Sum of Qtrly Avg. Earning AssetsSum of YTD Avg. Earning Assets

Dec-0094,03675,223Dec-9988,69270,002

Dec-01100,81082,644Dec-0094,03675,223

Dec-02110,64790,04017,0531,839939192Dec-01100,81082,644

Dec-03116,89492,79018,9232,0331,0491371.28%Dec-02110,64790,04017,0531,839939192

Mar-04120,51994,27919,3912,0789661534504501.51%1.19%93.4%Dec-03116,89492,79018,9232,0331,0491371.28%

Jun-04119,59194,28919,6872,1227921354789281.55%0.98%93.7%Mar-04120,51994,27919,3912,0789661531.51%4504501.19%93.4%

Sep-04121,25594,89920,1522,1427021324871,4151.57%0.88%93.9%Jun-04119,59194,28919,6872,1227921351.55%4789280.98%93.7%

Dec-04124,85096,36721,3892,164646974111,826

Johnson: Adjusted for allowance for loan loss reversal (1,167)0.77%94.7%161Sep-04121,25594,89920,1522,1427021321.57%4871,4150.88%93.9%

Mar-05126,74297,98121,7462,1946401044984981.59%0.76%95.2%Dec-04124,85096,36721,3892,164646974111,8260.77%94.7%161

Jun-05129,970100,64822,1951,9946511015191,0171.61%0.75%95.6%Mar-05126,74297,98121,7462,1946401041.59%4984980.76%95.2%

Sep-05135,363103,22522,6912,0296421145301,5471.61%0.73%95.6%Jun-05129,970100,64822,1951,9946511011.61%5191,0170.75%95.6%

Dec-05139,886125,71628,427106,2725,18722,7742,06252476(1)5492,0961.61%0.56%95.9%187Sep-05135,363103,22522,6912,0296421141.61%5301,5470.73%95.6%

Mar-06143,29329,383108,5135,39723,1202,12154311055545541.57%0.60%96.0%Dec-05139,88628,427106,2725,18722,7742,062524761.61%5492,0960.56%95.9%187(1)125,716

Jun-06150,22431,524112,7655,93523,5352,181489107(14)6071,1611.61%0.53%96.2%Mar-06143,29329,383108,5135,39723,1202,1215431101.57%5545540.60%96.0%5

Sep-06154,704141,480115,87124,2132,24348199(12)6211,7821.62%0.50%96.1%Jun-06150,22431,524112,7655,93523,5352,1814891071.61%6071,1610.53%96.2%(14)

Dec-06162,864144,43633,117123,4366,31124,4302,31253382355972,3791.59%0.50%96.3%141Sep-06154,704115,87124,2132,243481991.62%6211,7820.50%96.1%(12)141,480

Mar-07167,13433,769127,1836,18225,2422,380470100(1)6546541.58%0.45%96.3%137Dec-06162,86433,117123,4366,31124,4302,312533821.59%5972,3790.50%96.3%14135144,436

Jun-07172,04935,884129,5186,64725,9492,450469144386401,2941.55%0.47%96.3%167Mar-07167,13433,769127,1836,18225,2422,3804701001.58%6546540.45%96.3%137(1)

Sep-07179,517163,905135,07026,5872,519469108647272,0211.59%0.43%96.4%143Jun-07172,04935,884129,5186,64725,9492,4504691441.55%6401,2940.47%96.3%16738

Dec-07186,451166,86736,460142,9067,08526,4192,599512109816822,7031.49%1.56%2.40%0.43%96.6%122Sep-07179,517135,07026,5872,5194691081.59%7272,0210.43%96.4%14364163,905

Mar-08197,42336,880152,9327,61126,8142,673667146337607601.57%1.57%2.44%0.53%96.4%148Dec-07186,45136,460142,9067,08526,4192,5995121091.49%1.56%6822,7030.43%96.6%12281166,867

Jun-08208,22738,848162,0627,31727,2332,746769115637931,5531.57%1.57%2.41%0.55%95.9%136Mar-08197,42336,880152,9327,61126,8142,6736671461.57%1.57%7607600.53%96.4%14833

Sep-08207,535192,98741,516158,0637,95627,8852,845935941248172,3701.58%1.58%2.41%0.65%95.6%174Jun-08208,22738,848162,0627,31727,2332,7467691151.57%1.57%7931,5530.55%95.9%13663

Dec-08214,353194,83243,807161,4239,12327,1242,9152,2821344085462,9161.05%1.44%2.41%1.50%94.7%177Sep-08207,53541,516158,0637,95627,8852,845935941.58%1.58%8172,3700.65%95.6%174124192,987

Mar-09214,88243,877162,3118,69427,8213,0042,7651512466156151.15%1.15%2.52%1.80%93.4%185Dec-08214,35343,807161,4239,12327,1242,9152,2821341.05%1.44%5462,9161.50%94.7%177408194,832

Jun-09216,12444,268163,2288,62828,5383,1103,0771754746821,2971.27%1.21%2.61%1.99%92.5%180Mar-09214,88243,877162,3118,69427,8213,0042,7651511.15%1.15%6156151.80%93.4%185246

-0.6%Sep-09215,283203,27244,050162,1869,04729,3103,2144,1321677337212,0181.34%1.25%2.63%2.65%91.4%182Jun-09216,12444,268163,2288,62828,5383,1103,0771751.27%1.21%6821,2971.99%92.5%180474

1.6%Dec-09215,457203,45542,221164,8308,40629,9593,2893,3691669258322,8501.55%1.33%2.84%2.14%90.4%178Sep-09215,28344,050162,1869,04729,3103,2144,1321671.34%1.25%7212,0182.65%91.4%182733203,272

-1.4%Mar-10213,13342,647162,5027,98430,8263,1393,5171991718028021.49%1.49%2.77%2.29%90.2%197Dec-09215,45742,221164,8308,40629,9593,2893,3691661.55%1.33%8322,8502.14%90.4%178925203,455

-0.2%Jun-10216,26145,756162,1868,31931,7503,1583,5232273168821,6841.64%1.57%2.80%2.31%90.3%197Mar-10213,13342,647162,5027,98430,8263,1393,5171991.49%1.49%8028022.29%90.2%197171

3.9%Sep-10220,545205,15642,900168,4849,16133,0473,1933,5611804749492,6331.74%1.63%2.86%2.22%90.2%172Jun-10216,26145,756162,1868,31931,7503,1583,5232271.64%1.57%8821,6842.31%90.3%197316

4.1%Dec-10229,973208,63846,282175,3518,34033,2513,2263,2291576678623,4951.52%1.60%2.93%1.93%90.6%173Sep-10220,54542,900168,4849,16133,0473,1933,5611801.74%1.63%9492,6332.22%90.2%172474205,156

1.3%Mar-11231,30746,010177,5997,69834,1163,2693,3481921081,0041,0041.77%2.82%1.99%90.8%175Dec-10229,97346,282175,3518,34033,2513,2263,2291571.52%1.60%8623,4951.93%90.6%173667208,638

-2.1%Jun-11229,99448,262173,7987,93435,0633,3163,3112412349821,9862.83%2.04%91.2%195Mar-11231,30746,010177,5997,69834,1163,2693,3481921.77%1,0041,0041.99%90.8%175108

-1.8%Sep-11227,694219,81148,420170,6158,65935,9393,3563,0712443521,0082,9942.90%1.94%91.5%200Jun-11229,99448,262173,7987,93435,0633,3163,3112419821,9862.04%91.2%195234

2.4%Dec-11230,411218,57347,281174,6648,46635,9403,3922,7382594309463,9401.71%2.91%1.72%92.6%194Sep-11227,69448,420170,6158,65935,9393,3563,0712441,0082,9941.94%91.5%200352219,811

2.3%Mar-12231,45744,736178,5958,12636,6163,4252,707263321,0521,0522.87%1.66%92.8%183Dec-11230,41147,281174,6648,46635,9403,3922,7382591.71%9463,9401.72%92.6%194430218,573

1.6%Jun-12236,25946,625181,5198,11537,4783,2412,550234671,0672,1192.86%1.53%93.7%180Mar-12231,45744,736178,5958,12636,6163,4252,7072631,0521,0521.66%92.8%18332

2.1%Sep-12239,741224,08645,896185,4098,43638,5173,2682,5223101881,0393,1582.87%1.53%93.9%183Jun-12236,25946,625181,5198,11537,4783,2412,5502341,0672,1191.53%93.7%18067

3.5%Dec-12246,664226,04246,928191,9047,83238,6093,2982,3003083139604,1181.74%2.86%1.36%94.5%185Sep-12239,74145,896185,4098,43638,5173,2682,5223101,0393,1581.53%93.9%183188224,086

-0.1%Mar-13247,505237,06448,138191,7977,57039,6443,3442,392319221,1421,1422.83%1.41%94.6%189Dec-12246,66446,928191,9047,83238,6093,2982,3003081.74%9604,1181.36%94.5%185313226,042

0.5%Jun-13248,475237,45447,755192,7847,93640,5813,3962,183339411,1042,2462.75%1.31%95.1%200Mar-13247,50548,138191,7977,57039,6443,3442,3923191,1421,1421.41%94.6%18922237,064

0.7%Sep-13252,880238,29250,458194,2118,21041,7493,4471,92831091,2533,4992.78%1.15%95.5%202Jun-13248,47547,755192,7847,93640,5813,3962,1833391,1042,2461.31%95.1%20041237,454

3.5%Dec-13260,782240,23551,893201,0607,82942,6013,4961,736304(31)1,1414,6401.86%2.75%1.01%95.8%194Sep-13252,88050,458194,2118,21041,7493,4471,9283101,2533,4991.15%95.5%2029238,292

1.7%Mar-14263,842252,18551,739204,5637,54043,6683,5561,711357(12)1,1451,1452.63%1.01%95.6%183Dec-13260,78251,893201,0607,82942,6013,4961,7363041.86%1,1414,6401.01%95.8%194(31)240,235

0.2%Jun-14266,213253,59453,361205,0547,79844,7363,6211,574309(35)1,1962,3412.65%0.92%96.0%175Mar-14263,84251,739204,5637,54043,6683,5561,7113571,1451,1451.01%95.6%183(12)252,185

1.5%Sep-14271,324257,660254,95654,877208,0518,39645,8163,6841,41734771,2283,5692.65%0.85%96.3%174Jun-14266,21353,361205,0547,79844,7363,6211,5743091,1962,3410.92%96.0%175(35)253,594

4.3%Dec-14282,733264,987257,38657,839217,0549,07745,7063,7501,375362401,1554,7241.77%2.64%0.80%96.4%173Sep-14271,32454,877208,0518,39645,8163,6841,4173471,2283,5690.85%96.3%1747257,660254,956

-0.4%Mar-15278,969268,552268,55254,946216,1639,11146,8443,8161,408363271,1321,1322.57%0.82%96.2%183Dec-14282,73357,839217,0549,07745,7063,7501,3753621.77%1,1554,7240.80%96.4%17340264,987257,386

2.0%Jun-15283,075269,975269,25354,400220,5359,57347,7853,8891,424342501,1412,2732.55%0.80%96.1%188Mar-15278,96954,946216,1639,11146,8443,8161,4083631,1321,1320.82%96.2%18327268,552268,552

2.9%Sep-15291,341275,502271,38055,880226,8449,86348,8783,9641,399325871,2083,4812.57%0.76%96.1%183Jun-15283,07554,400220,5359,57347,7853,8891,4243421,1412,2730.80%96.1%18850269,975269,253

4.0%Dec-15303,503285,022274,86259,378235,8909,51548,8344,0391,3243051061,2074,6881.64%2.52%0.69%96.0%181Sep-15291,34155,880226,8449,86348,8783,9641,3993251,2083,4810.76%96.1%18387275,502271,380

1.1%Mar-16304,986291,758291,75858,303238,4399,59450,0434,1361,475357691,1571,1571.53%2.48%0.77%95.2%172Dec-15303,50359,378235,8909,51548,8344,0391,3243051.64%1,2074,6880.69%96.0%181106285,022274,862

2.3%Jun-16315,292299,297295,52162,778243,88610,06151,4014,2341,4244011601,1802,3372.46%0.75%94.7%180Mar-16304,98658,303238,4399,59450,0434,1361,4753571.53%1,1571,1570.77%95.2%17269291,758291,758

-0.7%Sep-16314,361302,428297,84063,178242,12410,51652,3914,3431,5734022181,2523,5892.47%0.82%94.4%177Jun-16315,29262,778243,88610,06151,4014,2341,4244011,1802,3370.75%94.7%180160299,297295,521

2.7%Dec-16319,915304,640299,55062,575248,76810,07852,3114,4531,5913712661,2594,8481.56%2.52%0.79%94.5%180Sep-16314,36163,178242,12410,51652,3914,3431,5734021,2523,589094.4%177218302,428297,840

0.6%Mar-17320,127310,180310,18061,775250,2349,66153,4314,5531,623400371,2441,2441.55%2.43%0.81%94.2%179Dec-16319,91562,575248,76810,07852,3114,4531,5913711.56%1,2594,84801180266304,640299,550

0.1%Jun-17320,381310,130310,15561,443250,46410,06254,5174,6521,6713741171,2222,4662.46%0.82%93.8%170Mar-17320,12761,775250,2349,66153,4314,5531,6234001.55%1,2441,2440117937310,180310,180

Sep-17321,591310,206310,17260,866251,16211,17355,5054,7481,7013351881,2503,7162.52%0.81%93.6%172Jun-17320,38161,443250,46410,06254,5174,6521,6713741,2222,46601170117310,130310,155

Dec-17329,518313,305310,96261,784258,77710,55355,3824,8481,6603071971,4735,189Sep-17321,59160,866251,16211,17355,5054,7481,7013351,2503,71601172188310,206310,172

Dec-17329,51861,784258,77710,55355,3824,8481,6603071,4735,189197313,305310,962

Quarter over QuarterYTDYOYMar-151,4083631,771

Row LabelsSum of Total Sum of Gross LoansAssetsGLIAssetsGLIAssetsGLIJun-151,4243421,766

Dec-09215,457164,830Sep-151,3993251,724

Mar-10213,133162,502-1.1%-1.4%Dec-151,3243051,629

Jun-10216,261162,1861.5%-0.2%Mar-161,4753571,832

Sep-10220,545168,4842.0%3.9%Jun-161,4244011,825

Dec-10229,973175,3514.3%4.1%Sep-161,5734021,975

Mar-11231,307177,5990.6%1.3%Dec-161,5913711,962

Jun-11229,994173,798-0.6%-2.1%Mar-171,6234002,023

Sep-11227,694170,615-1.0%-1.8%Jun-171,6713742,045

Dec-11230,411174,6641.2%2.4%

Mar-12231,457178,5950.5%2.3%

Jun-12236,259181,5192.1%1.6%

Sep-12239,741185,4091.5%2.1%

Dec-12246,664191,9042.9%3.5%

Mar-13247,505191,7970.3%-0.1%

Jun-13248,475192,7840.4%0.5%

Sep-13252,880194,2111.8%0.7%

Dec-13260,782201,0603.1%3.5%

Mar-14263,842204,5631.2%1.7%

Jun-14266,213205,0540.9%0.2%

Sep-14271,324208,0511.9%1.5%

Dec-14282,733217,0544.2%4.3%

Mar-15278,969216,163-1.3%-0.4%

Jun-15283,075220,5351.5%2.0%

Sep-15291,341226,8442.9%2.9%

Dec-15303,503235,8904.2%4.0%

Mar-16304,986238,4390.5%1.1%

Jun-16315,292243,8863.4%2.3%

Sep-16314,361242,124-0.3%-0.7%

Dec-16319,915248,7681.8%2.7%

Mar-17320,127250,2340.1%0.6%

Jun-17320,381250,4640.1%0.1%

LOANSQ1Q2Q3Q4Jun - Dec

20122.3%1.6%2.1%3.5%5.7%

2013-0.1%0.5%0.7%3.5%4.3%

20141.7%0.2%1.5%4.3%5.9%

2015-0.4%2.0%2.9%4.0%7.0%

20161.1%2.3%-0.7%2.7%2.0%

Input_District

DISTRICT INFORMATION

ASSETS

Values

TOTAL ASSETSAgFirstAgribankTexasUS AgBankCoBankElimsFCSchk figureTOTAL ASSETSSum of AgFirstSum of AgribankSum of TexasSum of US AgBankSum of CoBankSum of FCS

Dec-0522,77545,91213,21921,45135,0961,433139,886- 03/31/1032,88873,38919,20129,34359,348213,133

Mar-0623,67447,13713,45321,39836,2311,400143,293- 06/30/1033,45374,49919,49929,64860,154216,261

Jun-0624,77050,32014,61422,21336,8501,457150,224- 09/30/1032,77477,13719,57529,91962,114220,545

Sep-0612/31/1033,55079,78619,55630,33367,700229,973

Dec-0626,76153,50615,99123,25842,772576162,864- 03/31/1132,19079,93219,30629,59571,206231,307

Mar-0726,95654,81616,41123,88744,429635167,134- 06/30/1133,01480,41419,37429,68868,405229,994

Jun-0727,96156,25816,80925,67744,938406172,049- 09/30/1133,27581,48819,40729,91264,416227,694

Sep-0728,89358,36417,44525,77048,876169179,517- 012/31/1132,51183,13719,64230,53965,377230,411

Dec-0729,26159,23618,00126,72953,701(477)186,451- 03/31/1231,25083,24419,89897,325231,457

Mar-0830,06561,79318,60827,13360,722(898)197,423- 06/30/1231,98586,42820,70197,669236,259

Jun-0831,99665,76319,31828,28763,914(1,051)208,227- 09/30/1231,98989,54220,64898,014239,741

Sep-0832,31367,86219,66429,52259,534(1,360)207,535- 012/31/1232,09993,50921,126100,375246,664

Dec-0832,41270,46820,17129,81662,784(1,298)214,353- 03/31/1331,15692,31321,190103,232247,505

Mar-0932,41969,77319,94329,55564,303(1,111)214,882- 06/30/1331,47694,82121,421101,362248,475

Jun-0932,54170,92319,42329,94164,364(1,068)216,124- 09/30/1331,93797,14721,716102,636252,880

Sep-0932,64372,05419,31230,38061,862(968)215,283- 012/31/1332,261100,32922,373106,355260,782

Dec-0933,40673,82419,11730,14759,843(880)215,457- 03/31/1431,38999,66922,590110,653263,842

Mar-1032,88873,38919,20129,34359,348(1,036)213,133- 06/30/1431,860101,58923,022110,156266,213

Jun-1033,45374,49919,49929,64860,154(992)216,261- 09/30/1432,807104,27623,505111,087271,324

Sep-1032,77477,13719,57529,91962,114(974)220,545- 012/31/1433,272108,62124,335116,966282,844

Dec-1033,55079,78619,55630,33367,700(952)229,973- 03/31/1532,999106,24624,574115,377278,969

Mar-1132,19079,93219,30629,59571,206(922)231,307- 06/30/1532,971108,60525,082116,938283,193

Jun-1133,01480,41419,37429,68868,405(901)229,994- 09/30/1534,313111,16825,745120,598291,461

Sep-1133,27581,48819,40729,91264,416(804)227,694- 0

Dec-1132,51183,13719,64230,53965,377(795)230,411- 0

Mar-1231,25083,24419,89897,325(260)231,457- 0

Jun-1231,98586,42820,70197,669(524)236,259- 0LOANS

Sep-1231,98989,54220,64898,014(452)239,741- 0Values

Dec-1232,09993,50921,126100,375(445)246,664- 0GROSS LOANSSum of AgFirstSum of AgribankSum of TexasSum of US AgBankSum of CoBankSum of FCS

Mar-1331,15692,31321,190103,232(386)247,505- 03/31/1022,83359,54315,78668,856162,502

Jun-1331,47694,82121,421101,362(605)248,475- 06/30/1022,89060,36415,68267,731162,186

Sep-1331,93797,14721,716102,636(556)252,880- 09/30/1023,00762,11315,66872,174168,484

Dec-1332,261100,32922,373106,355(536)260,782- 012/31/1023,03365,04815,62976,122175,351

Mar-1431,38999,66922,590110,653(459)263,842- 03/31/1122,80264,76115,61078,914177,599

Jun-1431,860101,58923,022110,156(414)266,213- 06/30/1122,91665,29315,55074,532173,798

Sep-1432,807104,27623,505111,087(351)271,324- 09/30/1122,74966,17715,26670,851170,615

Dec-1433,272108,62124,335116,966(350)282,844(111)12/31/1122,48268,35015,62472,681174,664

Mar-1532,999106,24624,574115,377(227)278,969- 03/31/1222,14967,87316,00076,599178,595

Jun-1532,971108,60525,082116,938(403)283,193(118)6/30/1222,58370,80216,39475,842181,519

Sep-1534,313111,16825,745120,598(363)291,461(120)9/30/1222,77673,11416,58876,973185,409

12/31/1222,92977,08916,86779,077191,904

GROSS LOANSAgFirstAgribankTexasUS AgBankCoBankElimsFCSchk figure3/31/1322,58275,57217,09080,621191,797

Dec-0516,17236,60110,22044,247(968)106,2726/30/1323,05178,12917,16578,766192,784

Mar-0616,48037,29310,37345,419(1,052)108,5139/30/1323,08280,01517,33478,086194,211

Jun-0617,36739,25111,22145,983(1,057)112,76512/31/1323,27182,77017,72581,603201,060

Sep-063/31/1423,21781,87317,95985,842204,563

Dec-0618,67041,98712,90551,922(2,048)123,436- 06/30/1423,73183,08018,23284,349205,054

Mar-0718,94043,15913,47853,676(2,070)127,183- 09/30/1424,11785,21018,69284,350208,051

Jun-0719,67044,81813,84453,575(2,389)129,518- 012/31/1424,41688,49819,35089,132217,054

Sep-0720,29446,58314,44556,435(2,687)135,070- 03/31/1524,18186,79419,66889,845216,163

Dec-0720,72848,89415,11461,610(3,440)142,906- 06/30/1524,72289,09719,99491,273220,535

Mar-0821,42151,17315,69268,577(3,931)152,932- 09/30/1525,45291,66220,52793,775226,844

Jun-0822,64354,88716,31072,383(4,161)162,062- 012/31/1526,15394,94421,18298,383235,890

Sep-0823,10555,99916,54266,981(4,564)158,063- 03/31/1626,23295,19421,677100,311238,439

Dec-0823,07857,15216,59069,197(4,594)161,423- 06/30/1626,94797,14222,120102,650243,886

Mar-0922,94957,03716,49870,311(4,484)162,311- 09/30/1627,18597,74622,121100,047242,124

Jun-0923,24658,00216,49070,029(4,539)163,228- 012/31/1627,45899,06922,426104,779248,768

Sep-0923,31359,15716,36767,868(4,519)162,186- 03/31/1727,44898,40122,882106,782250,234

Dec-0923,20860,24616,16769,728(4,519)164,830- 06/30/1727,832100,06423,068104,801250,464

Mar-1022,83359,54315,78668,856(4,516)162,502- 09/30/1728,214100,69223,237104,262251,162

Jun-1022,89060,36415,68267,731(4,481)162,186- 0

Sep-1023,00762,11315,66872,174(4,478)168,484- 0

Dec-1023,03365,04815,62976,122(4,481)175,351- 0

Mar-1122,80264,76115,61078,914(4,488)177,599- 0

Jun-1122,91665,29315,55074,532(4,493)173,798- 0

Sep-1122,74966,17715,26670,851(4,428)170,615- 0

Dec-1122,48268,35015,62472,681(4,473)174,664- 0

Mar-1222,14967,87316,00076,599(4,026)178,595- 0

Jun-1222,58370,80216,39475,842(4,102)181,519- 0

Sep-1222,77673,11416,58876,973(4,042)185,409- 0

Dec-1222,92977,08916,86779,077(4,058)191,904- 0

Mar-1322,58275,57217,09080,621(4,068)191,797- 0

Jun-1323,05178,12917,16578,766(4,327)192,784- 00.5%

Sep-1323,08280,01517,33478,086(4,306)194,211- 0

Dec-1323,27182,77017,72581,603(4,309)201,060- 0

Mar-1423,21781,87317,95985,842(4,328)204,563- 0

Jun-1423,73183,08018,23284,349(4,338)205,054- 0

Sep-1424,11785,21018,69284,350(4,318)208,051- 0

Dec-1424,41688,49819,35089,132(4,342)217,054- 0

Mar-1524,18186,79419,66889,845(4,325)216,163- 0

Jun-1524,72289,09719,99491,273(4,551)220,535- 0

Sep-1525,45291,66220,52793,775(4,572)226,844- 0

Dec-1526,15394,94421,18298,383(4,772)235,890- 0

Mar-1626,23295,19421,677100,311(4,975)238,439- 0

Jun-1626,94797,14222,120102,650(4,973)243,886- 0

Sep-1627,18597,74622,121100,047(4,975)242,124- 0

Dec-1627,45899,06922,426104,779(4,964)248,768- 0

Mar-1727,44898,40122,882106,782(5,279)250,234- 0

Jun-1727,832100,06423,068104,801(5,301)250,464- 0

Sep-1728,214100,69223,237104,262(5,243)251,162- 0

1,0322,802939- 01,664(203)6,234

16.6%44.9%15.1%0.0%26.7%-3.3%100.0%

4,263

68.4%

AgFirstAgribankTexasUS AgBankCoBankElimsFCS

200823,07857,15216,590- 069,197(4,594)161,423

200923,20860,24616,167- 069,728(4,519)164,830

201023,03365,04815,629- 076,122(4,481)175,351

201122,48268,35015,624- 072,681(4,473)174,664

$ change

20091303,094(423)- 0531753,407

2010(175)4,802(538)- 06,3943810,521

2011(551)3,302(5)- 0(3,441)8(687)

3 yr. cumulative(596)11,198(966)- 03,48412113,241

- 0- 0- 0- 0- 0- 0- 0

Input_ALL

QuarterNonaccrualsAllowance for Loan LossesProvision for Loan LossesOther Provision/AdjustTotalNet ChargeoffsNet Increase ALLCalculated AllowanceVarianceTotal LoansNonaccruals as a % of Total LoansMar-10Jun-10Sep-10Dec-10Mar-11Jun-11Sep-11

Mar-07470735(1)0(1)21735- 0127,1830.37%Nonaccruals

Jun-0746975839039(16)23758- 0129,5180.36%Current1,6781,7611,8011,6041,6481,6261,604

Sep-0746977226026(12)14772- 0135,0700.35%Past Due1,8391,7621,7601,6251,7001,6851,467

Dec-0751278117017(8)9781- 0142,9060.36%3,5173,5233,5613,2293,3483,3113,071

Mar-0866780433033(10)23804- 0152,9320.44%Current %48%50%51%50%49%49%52%

Jun-0876982030030(14)16820- 0162,0620.47%Past Due %52%50%49%50%51%51%48%

Sep-0893587161061(10)51871- 0158,0630.59%

Dec-082,282936284(154)130(65)65936- 0161,4231.41%Total Loans162,502162,186168,484175,351177,599173,798170,615

Mar-092,7651,03724614260(159)1011,037- 0162,3111.70%2.16%2.17%2.11%1.84%1.89%1.91%1.80%

Jun-093,0771,16622814242(113)1291,166- 0163,2281.89%

Sep-094,1321,323259(16)243(86)1571,323- 0162,1862.55%

Dec-093,3691,3591924196(160)361,359- 0164,8302.04%

Mar-103,5171,451171(11)160(68)921,451- 0162,5022.16%

Jun-103,5231,4401451146(157)(11)1,440- 0162,1862.17%

Sep-103,5611,403158(14)144(181)(37)1,403- 0168,4842.11%

Dec-103,2291,44719341234(190)441,447- 0175,3511.84%

Mar-113,3481,456108(28)80(71)91,456- 0177,5991.89%

Jun-113,3111,447126(18)108(117)(9)1,447- 0173,7981.91%

Sep-113,0711,392118(29)89(144)(55)1,392- 0170,6151.80%

Dec-112,7381,29078(12)66(168)(102)1,290- 0174,6641.57%

Mar-122,7071,298321850(42)81,298- 0178,5951.52%

Jun-122,5501,24135(41)(6)(51)(57)1,241- 0181,5191.40%

Sep-122,5221,274121(12)109(76)331,274- 0185,4091.36%

Dec-122,3001,34312511136(67)691,343- 0191,9041.20%

Mar-132,3921,34122(6)16(18)(2)1,341- 0191,7971.25%

Jun-132,1831,32319625(43)(18)1,323- 0192,7841.13%

Sep-131,9281,237(32)(16)(48)(38)(86)1,237- 0194,2110.99%

Dec-131,7361,238(40)4(36)3711,238- 0201,0600.86%

Mar-141,7111,221(12)(2)(14)(3)(17)1,221- 0204,5630.84%

Jun-141,5741,183(23)(2)(25)(13)(38)1,183- 0205,0540.77%

Sep-141,4171,18442(40)2(1)11,184- 0208,0510.68%

Dec-141,3751,2373371104(51)531,237- 0217,0540.63%

Mar-151,4081,25127(14)131141,251- 0216,1630.65%

Jun-151,4241,23323(24)(1)(17)(18)1,233- 0220,5350.65%

Sep-151,3991,24637(7)30(17)131,246- 0226,8440.62%

Dec-151,3241,280191938(4)341,280- 0235,8900.56%

Mar-161,4751,35069675(5)701,350- 0238,4390.62%

Jun-161,4241,43391(1)90(7)831,433- 0243,8860.58%

Sep-161,5731,45758(26)32(8)241,457- 0242,1240.65%

Dec-161,5911,506482674(25)491,506- 0248,7680.64%

Mar-171,6231,54337441(4)371,543- 0250,2340.65%

Jun-171,6711,58880(23)57(12)451,588- 0250,4640.67%

Sep-171,7011,61071(44)27(5)221,610- 0251,1620.68%

Dec-171,6601,59693645(59)(14)1,596- 0258,7770.64%

Current48%48%50%50%51%51%50%50%49%49%49%49%52%52%

402684035940451405434063340724408161678176118011604164816261604Past Due52%52%50%50%49%49%50%50%51%51%51%51%48%48%402684035940451405434063340724408161839176217601625170016851467402684035940451405434063340724408163517352335613229334833113071Nonaccruals as a % of Total Loans402684035940451405434063340724408162.1642810550024E-22.1721973536556794E-22.1135538092637875E-21.8414494357032466E-21.8851457496945365E-21.9050852138689744E-21.7999589719544004E-2

SystemGrowth

Total Assets Total FCS Assets Total Gross Loans 11Q

$ % change year-over-year$ change year-over-year$ % change year-over-year$ change quarter-over-quarter % change year-to-date$ change year-to-date$% change in Gross Loans (quarter-over-quarter)21Q

Jun-03113.9Jun-112Q-11230Jun-1117431Q

Jun-04119.65.0%5.6Sep-113Q-11228-1.0%(2.30)Sep-11171-1.8%42Q

Jun-05130.08.7%10.4Dec-114Q-112301.2%2.72Dec-111752.4%52Q

Jun-06150.215.6%20.3Mar-121Q-122310.5%1.05Mar-121792.3%62Q

Jun-07172.014.5%21.8Jun-122Q-122362.1%4.80Jun-121821.6%73Q

Jun-08208.221.0%36.2Sep-123Q-122401.5%3.48Sep-121852.1%83Q

Jun-09216.13.8%7.9Dec-124Q-122472.9%6.92Dec-121923.5%93Q

Jun-10216.30.1%0.1Mar-131Q-132480.3%0.84Mar-13192-0.1%104Q

Jun-11230.06.4%13.7Jun-132Q-132480.4%0.97Jun-131930.5%114Q

Jun-12236.32.7%6.3Sep-133Q-132531.8%4.41Sep-131940.7%124Q

Jun-13248.55.2%12.2Dec-134Q-132613.1%7.90Dec-132013.5%

Jun-14266.27.1%17.7Mar-141Q-142641.2%3.06Mar-142051.7%

Jun-15283.16.3%16.9Jun-142Q-142660.9%2.37Jun-142050.2%

Sep-143Q-142711.9%5.11Sep-142081.5%

Dec-144Q-142834.2%11.41Dec-142174.3%

Mar-151Q-15279-1.3%(3.76)Mar-15216-0.4%

Jun-152Q-152831.5%4.11Jun-152212.0%

Sep-153Q-152912.9%8.27Sep-152272.9%

Dec-154Q-153044.2%12.16Dec-152364.0%

Mar-161Q-163050.5%1.48Mar-162381.1%

Jun-162Q-163153.4%10.31Jun-162442.3%

Sep-163Q-16314-0.3%(0.93)Sep-16242-0.7%

Dec-164Q-163201.8%5.55Dec-162492.7%

Mar-171Q-173200.1%0.21Mar-172500.6%2.6%

Total Assets

4163941729418204191242004420944218542277423694246042551426434273542825260.78199999999998263.84199999999998266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001Gross Loans

4163941729418204191242004420944218542277423694246042551426434273542825201.06204.56299999999999205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001% change in Gross Loans (quarter-over-quarter)

41639417294182041912420044209442185422774236942460425514264342735428253.5265767644469107E-21.7422659902516593E-22.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-3

Total FCS Assets

4136441455415474163941729418204191242004420944218542277423694246042551426434273542825247.505248.47499999999999252.88260.78199999999998263.84199999999998266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001 Total Gross Loans

4136441455415474163941729418204191242004420944218542277423694246042551426434273542825191.797192.78399999999999194.21100000000001201.06204.56299999999999205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001% change in Gross Loans (quarter-over-quarter)

4136441455415474163941729418204191242004420944218542277423694246042551426434273542825-5.5757045189260945E-45.1460658925843198E-37.4020665615404857E-33.5265767644469107E-21.7422659902516593E-22.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-3

$ billions

SystemGrowth (2)

Total Assets Total FCS Assets Total Gross Loans 11Q

$ % change year-over-year$ change year-over-year$ % change year-over-year$ change quarter-over-quarter % change year-to-date$ change year-to-date$% change in Gross Loans (quarter-over-quarter)21Q

Jun-03113.9Dec-114Q-11230Dec-1117531Q

Jun-04119.65.0%5.6Mar-121Q-122310.5%1.05Mar-121792.3%42Q

Jun-05130.08.7%10.4Jun-122Q-122362.1%4.80Jun-121821.6%52Q

Jun-06150.215.6%20.3Sep-123Q-122401.5%3.48Sep-121852.1%62Q

Jun-07172.014.5%21.8Dec-124Q-122472.9%6.92Dec-121923.5%73Q

Jun-08208.221.0%36.2Mar-131Q-132480.3%0.84Mar-13192-0.1%83Q

Jun-09216.13.8%7.9Jun-132Q-132480.4%0.97Jun-131930.5%93Q

Jun-10216.30.1%0.1Sep-133Q-132531.8%4.41Sep-131940.7%104Q

Jun-11230.06.4%13.7Dec-134Q-132613.1%7.90Dec-132013.5%114Q

Jun-12236.32.7%6.3Mar-141Q-142641.2%3.06Mar-142051.7%124Q

Jun-13248.55.2%12.2Jun-142Q-142660.9%2.37Jun-142050.2%

Jun-14266.27.1%17.7Sep-143Q-142711.9%5.11Sep-142081.5%

Jun-15283.16.3%16.9Dec-144Q-142834.2%11.41Dec-142174.3%

Mar-151Q-15279-1.3%(3.76)Mar-15216-0.4%

Jun-152Q-152831.5%4.11Jun-152212.0%

Sep-153Q-152912.9%8.27Sep-152272.9%

Dec-154Q-153044.2%12.16Dec-152364.0%

Mar-161Q-163050.5%1.48Mar-162381.1%

Jun-162Q-163153.4%10.31Jun-162442.3%

Sep-163Q-16314-0.3%(0.93)Sep-16242-0.7%

Dec-164Q-163201.8%5.55Dec-162492.7%

Mar-171Q-173200.1%0.21Mar-172500.6%

Jun-172Q-173200.1%0.25Jun-172500.1%

Sep-173Q-173220.4%1.21Sep-172510.3%1.0%

% Change - YTD Ave. Earning Assets

YE DateYTD DateYE BalYTD Bal.

Dec-05Sep-06125.7

Dec-06Sep-07144.4163.913.5%

Dec-07Sep-08166.9193.015.7%

Dec-08Sep-09194.8203.34.3%

Dec-09Sep-10203.5205.20.8%

Dec-10Sep-11208.6219.85.4%

Dec-11Sep-12218.6224.12.5%

Dec-12Sep-13226.0238.35.4%

Dec-13Sep-14240.2255.06.1%

Dec-14Sep-15257.4271.45.4%

Dec-15Sep-16274.9297.88.4%

Dec-16Sep-17299.6310.23.5%

Sep-17

% Change - YTD Loan Balances

YE DateYTD DateYE BalYTD Bal.

Dec-05Sep-06106.3115.99.0%

Dec-06Sep-07123.4135.19.4%

Dec-07Sep-08142.9158.110.6%

Dec-08Sep-09161.4162.20.5%

Dec-09Sep-10164.8168.52.2%

Dec-10Sep-11175.4170.6-2.7%

Dec-11Sep-12174.7185.46.2%

Dec-12Sep-13191.9194.21.2%

Dec-13Sep-14201.1208.13.5%

Dec-14Sep-15217.1226.84.5%

Dec-15Sep-16235.9242.12.6%

Dec-16Sep-17248.8251.21.0%

Sep-17

Total Assets

4182041912420044209442185422774236942460425514264342735428254291643008266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001320.38099999999997321.59100000000001Gross Loans

4182041912420044209442185422774236942460425514264342735428254291643008205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001250.464251.16200000000001% change in Gross Loans (quarter-over-quarter)

41820419124200442094421854227742369424604255142643427354282542916430082.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-39.191396852545608E-42.7868276478855546E-3

Total FCS Assets

4154741639417294182041912420044209442185422774236942460425514264342735428254291643008252.88260.78199999999998263.84199999999998266.21300000000002271.32400000000001282.733278.96899999999999283.07499999999999291.34100000000001303.50299999999999304.98599999999999315.29199999999997314.36099999999999319.91500000000002320.12700000000001320.38099999999997321.59100000000001 Total Gross Loans

4154741639417294182041912420044209442185422774236942460425514264342735428254291643008194.21100000000001201.06204.56299999999999205.054208.05099999999999217.054216.16300000000001220.535226.84399999999999235.89238.43899999999999243.886242.124248.768250.23400000000001250.464251.16200000000001% change in Gross Loans (quarter-over-quarter)

41547416394172941820419124200442094421854227742369424604255142643427354282542916430087.4020665615404857E-33.5265767644469107E-21.7422659902516593E-22.4002385573149293E-31.4615662215806497E-24.3273043628725721E-2-4.1049692703197874E-32.0225477995771641E-22.8607703992563526E-23.9877625152086864E-21.0805884098520525E-22.2844417230402758E-2-7.2246869439000208E-32.7440485040722957E-25.8930409055827446E-39.191396852545608E-42.7868276478855546E-3

$ billions

% Change - YTD Ave. Earning Assets

39355397214008640451408164118241547419124227742643430080.134793264837021140.156531848717841094.3319372587665272E-28.3605711336658395E-35.3552085430266683E-22.5222694477359919E-25.4193468470461248E-26.1277499115449441E-25.4369701537767989E-28.3598314790694683E-23.5459856451343752E-2% Change - YTD Loan Balances

39355397214008640451408164118241547419124227742643430089.4251271914190138E-20.106062726547520694.7267118068676783E-32.2168294606564221E-2-2.700868543663848E-26.1518114780378275E-21.2021635817909049E-23.4770715209390124E-24.5103983340551101E-22.6427572173470804E-29.6234242346282528E-3

% Change - YTD Ave. Earning Assets

39355397214008640451408164118241547419124227742643430080.134793264837021140.156531848717841094.3319372587665272E-28.3605711336658395E-35.3552085430266683E-22.5222694477359919E-25.4193468470461248E-26.1277499115449441E-25.4369701537767989E-28.3598314790694683E-23.5459856451343752E-2

SystemGrowth (3)

Total System Assets11Q

$ % change year-over-year$ change year-over-year21Q

Dec-0531Q

Dec-06162.9ERROR:#DIV/0!162.942Q

Dec-07186.514.5%23.652Q

Dec-08214.415.0%27.962Q

Dec-09215.50.5%1.173Q

Dec-10230.06.7%14.583Q

Dec-11230.40.2%0.493Q

Dec-12246.77.1%16.3104Q

Dec-13260.85.7%14.1114Q

Dec-14282.78.4%22.0124Q

Dec-15303.57.3%20.8

Dec-16319.95.4%16.4

Dec-17329.53.0%9.6

Total Gross Loans

$ % change year-over-year$ change year-over-year

Dec-05

Dec-06123.4ERROR:#DIV/0!123.4

Dec-07142.915.8%19.5

Dec-08161.413.0%18.5

Dec-09164.82.1%3.4

Dec-10175.46.4%10.5

Dec-11174.7-0.4%(0.7)

Dec-12191.99.9%17.2

Dec-13201.14.8%9.2

Dec-14217.18.0%16.0

Dec-15235.98.7%18.8

Dec-16248.85.5%12.9`

Dec-17258.84.0%10.0

Total System Assets

3944739813401784054340908412744163942004423694273543100186.45099999999999214.35300000000001215.45699999999999229.97300000000001230.411246.66399999999999260.78199999999998282.733303.50299999999999319.91500000000002329.51799999999997 Total Gross Loans

3944739813401784054340908412744163942004423694273543100142.90600000000001161.423164.83175.351174.66399999999999191.904201.06217.054235.89248.768258.77699999999999% year-over-year change in Gross Loans

39447398134017840543409084127441639420044236942735431000.157733562331896730.129574685457573452.1106038172999053E-26.3829399987866298E-2-3.9178561855934824E-39.8703797004534577E-24.7711355677839018E-27.9548393514373927E-28.6780248233158552E-25.4593242613082404E-24.0234274504759471E-2

$ billions

LoanGrowth

System Gross Loans ($B) System Gross Loans ($B)

$ % change year-over-year$ % change quarter-over-quarter $ change quarter-over-quarter % change year-to-date $ change year-to-date

Mar-0494.3Dec-09

Jun-0494.30.0%Mar-10162.511Q

Sep-0494.90.6%Jun-10162.2-0.2%(0.3)21Q

Dec-0496.41.5%Sep-10168.53.9%6.331Q

Mar-0598.01.7%Dec-10175.44.1%6.942Q

Mar-06108.510.7%Mar-11177.61.3%2.252Q

Mar-07127.217.2%Jun-11173.8-2.1%(3.8)62Q

Mar-08152.920.2%Sep-11170.6-1.8%(3.2)73Q

Mar-09162.36.1%Dec-11174.72.4%4.083Q

Mar-10162.50.1%Mar-12178.62.3%3.993Q

Mar-11177.69.3%Jun-12181.51.6%2.9104Q

Mar-12178.60.6%Sep-12185.42.1%3.9114Q

Mar-13191.87.4%Dec-12191.93.5%6.5124Q

Mar-13191.8-0.1%(0.1)

Jun-13192.80.5%1.0

System Gross Loans ($B)

407244081640908409994109041182412744136441455173.798170.61500000000001174.66399999999999178.595181.51900000000001185.40899999999999191.904191.797192.78399999999999 % change quarter-over-quarter

40633407244081640908409994109041182412744136441455-2.1402147534614429E-2-1.8314364952415983E-22.3731793804764985E-22.2506068794943504E-21.6372238864469927E-22.143026349858685E-23.5030661941976952E-2-5.5757045189260945E-45.1460658925843198E-3

1#REF!

1#REF!

System Gross Loans ($B)

4081640908409994109041182412744136441455170.61500000000001174.66399999999999178.595181.51900000000001185.40899999999999191.904191.797192.78399999999999 % change quarter-over-quarter

4081640908409994109041182412744136441455-1.8314364952415983E-22.3731793804764985E-22.2506068794943504E-21.6372238864469927E-22.143026349858685E-23.5030661941976952E-2-5.5757045189260945E-45.1460658925843198E-3

LoanGrowthbyType

-6.0%3.2%2.0%

Loan growth by Loan Type20162017

12/31/1006/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/1609/30/1612/31/1603/31/1706/30/1709/30/1712/31/17%2013201420152016% of total1Q2Q3QYTD -Sep1Q2Q3Q4QYOYJan-JunJul-Dec

RE Mortgage78,02178,59279,40780,65881,32983,34884,99092,50488,68690,78292,47195,20994,20195,36596,658100,81199,101101,459103,618107,813108,844111,101113,106114,446114,702116,375117,599119,45046.8%2.9%5.9%6.9%6.2%4,4934.0%1.0%2.1%1.8%4.9%0.2%1.5%1.1%1.6%4.4%1.7%2.6%RE Mortgage

Prod. & Intermediate40,58439,35640,22041,27638,06240,51842,26143,44639,63441,95243,13844,30942,02343,73045,61046,30544,93846,88748,52749,20446,27047,73048,68250,28246,82649,03750,32151,72420.0%2.0%4.5%6.3%2.2%1,6393.4%-6.0%3.2%2.0%-1.1%-6.9%4.7%2.6%2.8%2.9%-2.5%5.5%Prod. & Intermediate

Agribusiness- 0Agribusiness

Loans to Co-ops16,18115,52311,02111,89316,27713,16613,13910,25514,69911,3959,75510,88516,32114,02212,97112,55315,86514,25714,18813,11315,85016,97513,23915,30018,43915,23913,92217,3355.5%6.1%15.3%4.5%16.7%6835.2%20.9%7.1%-22.0%1.0%20.5%-17.4%-8.6%24.5%13.3%-0.4%13.8%Loans to Co-ops

Process & Marketing11,14510,84410,26310,33911,04610,80311,01210,73512,50912,11312,23713,16414,09413,63713,75016,97415,42915,56816,47319,94920,92721,03320,40421,16622,64321,74521,26121,5828.5%22.6%28.9%17.5%6.1%8574.2%4.9%0.5%-3.0%2.3%7.0%-4.0%-2.2%1.5%2.0%2.7%-0.7%Process & Marketing

Farm-related business2,2552,3132,2822,5022,5932,6392,7192,8582,9092,9922,8792,9993,0162,9733,3903,4083,4993,5263,6293,5333,6453,3833,3033,1623,2243,1663,0863,2931.2%4.9%13.6%3.7%-10.5%(217)-6.6%3.2%-7.2%-2.4%-6.5%2.0%-1.8%-2.5%6.7%4.1%0.1%4.0%Farm-related business

s/t29,58128,68023,56624,73429,91626,60826,87023,84830,11726,50024,87127,04833,43130,63230,11132,93534,79333,35134,29036,59540,42241,39136,94639,62844,30640,15038,26942,21015.2%13.4%21.8%11.1%8.3%1,3233.6%10.5%2.4%-10.7%1.0%11.8%-9.4%-4.7%10.3%6.5%1.3%5.1%s/t

Rural Infrastructure15,09115,00315,08015,60616,40917,61217,82917,84319,22319,33919,12219,78820,22320,34620,79321,56822,28623,29824,37525,79826,24026,84126,79227,44027,41327,73827,68827,96511.0%10.9%9.0%19.6%6.4%3.3%1.7%2.3%-0.2%3.9%-0.1%1.2%-0.2%1.0%1.9%1.1%0.8%Rural Infrastructure

Rural residential RE5,4755,6295,7275,8325,8815,9776,1036,4306,3036,4026,5056,5116,5536,6216,7456,7546,8266,9126,9097,1177,1177,1657,2407,1487,1477,1597,2197,2612.9%1.3%3.7%5.4%0.4%-0.3%0.0%0.7%1.0%1.7%-0.0%0.2%0.8%0.6%1.6%0.2%1.4%Rural residential RE

Agricultural export finance4,0363,8813,9293,8344,2194,5614,3984,7294,7664,6144,8194,7434,7904,8334,4974,8374,4404,7145,1005,0755,3115,4405,0695,5315,6335,6575,6885,6452.3%0.3%2.0%4.9%9.0%12.2%4.7%2.4%-6.8%-0.1%1.8%0.4%0.5%-0.8%2.1%2.3%-0.2%Agricultural export finance

Other2,5632,6572,6862,7242,7792,8952,9583,1043,0683,1953,2853,4523,3423,5273,6373,8443,7793,9144,0254,2884,2354,2184,2894,2934,2074,3484,3784,5221.7%11.2%11.4%11.6%0.1%2.1%-1.2%-0.4%1.7%0.0%-2.0%3.4%0.7%3.3%5.3%1.3%4.0%Other

Total175,351173,798170,615174,664178,595181,519185,409191,904191,797192,784194,211201,060204,563205,054208,051217,054216,163220,535226,844235,890238,439243,886242,124248,768250,234250,464251,162258,777100.0%4.8%8.0%8.7%5.5%9,0383.7%1.1%2.3%-0.7%2.6%0.6%0.1%0.3%3.0%4.0%0.7%3.3%Total

Combined RU/RuralRE/Export/Other27,16527,17027,42227,99629,28831,04531,28832,10633,36033,55033,73134,49434,90835,32735,67237,00337,33138,83840,40942,27842,90343,66443,39044,41244,40044,90244,97345,39317.9%7.4%7.3%14.3%5.0%1.5%1.8%-0.6%2.6%-0.0%1.1%0.2%0.9%2.2%1.1%1.1%Combined RU/RuralRE/Export/Other

% change quarter-over-quarter

06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/16.

RE Mortgage

Prod. & Intermediate

AgribusinessTexas District (8%)CoBank District (40%)AgriBank District (41%)AgFirst District (11%) Total FCS

Loans to Co-opsDec-990.0%0.0%0.0%0.0%0.0%

Process & MarketingDec-990.0%0.0%0.0%0.0%0.0%

Farm-related businessDec-990.0%0.0%0.0%0.0%0.0%

s/t

Rural Utility

Rural residential RE201320142015YTD '16YTD '17

Agricultural export financeTotal Gross Loans2.6%3.0%

OtherReal Estate Mortgage[47%]4.9%1.6%

Total-1.8%2.4%2.3%1.6%2.1%3.5%-0.1%0.5%0.7%3.5%1.7%0.2%1.5%4.3%-0.4%2.0%2.9%4.0%1.1%Production & Intermediate[20%]-1.1%2.8%

Combined RU/RuralRE/Export/OtherAgribusiness [15%]1.0%10.3%

Other[18%]2.6%0.9%

Dollar change quarter-over-quarter

06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/1609/30/16.

RE Mortgage1,0312,2572,005

Prod. & Intermediate(2,934)1,460952YTD '11-2.7%

AgribusinessYTD '126.2%

Loans to Co-ops2,7371,125(3,736)YTD '131.2%

Process & Marketing978106(629)YTD '143.5%

Farm-related business112(262)(80)YTD '154.5%

s/t3,827969(4,445)YTD '162.6%

Rural Utility442601(49)

Rural residential RE- 04875

Agricultural export finance236129(371)

Other(53)(17)71

Total2,5495,447(1,762)

Combined RU/RuralRE/Export/Other625761(274)

% change year-to-date

06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/1609/30/1612/31/16.47

RE Mortgage0.7%1.8%3.4%14.7%2.9%5.9%6.9%1.0%3.0%4.9%6.2%47

Prod. & Intermediate-3.0%-0.9%1.7%5.3%2.0%4.5%6.3%-6.0%-3.0%-1.1%2.2%47

Agribusiness47

Loans to Co-ops-4.1%-31.9%-26.5%-13.8%6.1%15.3%4.5%20.9%29.5%1.0%16.7%47

Process & Marketing-2.7%-7.9%-7.2%3.8%22.6%28.9%17.5%4.9%5.4%2.3%6.1%

Farm-related business2.6%1.2%11.0%14.2%4.9%13.6%3.7%3.2%-4.2%-6.5%-10.5%

s/t-3.0%-20.3%-16.4%-3.6%13.4%21.8%11.1%10.5%13.1%1.0%8.3%

Rural Utility-0.6%-0.1%3.4%14.3%10.9%9.0%19.6%1.7%4.0%3.9%6.4%

Rural residential RE2.8%4.6%6.5%10.3%1.3%3.7%5.4%0.0%0.7%1.7%0.4%

Agricultural export finance-3.8%-2.7%-5.0%23.3%0.3%2.0%4.9%4.7%7.2%-0.1%9.0%

Other3.7%4.8%6.3%14.0%11.2%11.4%11.6%-1.2%-1.6%0.0%0.1%

Total-0.9%-2.7%-0.4%2.3%3.9%6.2%9.9%-0.1%0.5%1.2%4.8%1.7%2.0%3.5%8.0%-0.4%1.6%4.5%8.7%1.1%3.4%2.6%5.5%

Combined RU/RuralRE/Export/Other0.0%0.9%3.1%7.3%14.3%1.5%3.3%2.6%5.0%

Dollar change year-to-date

06/30/1109/30/1112/31/1103/31/1206/30/1209/30/1212/31/1203/31/1306/30/1309/30/1312/31/1303/31/1406/30/1409/30/1412/31/1403/31/1506/30/1509/30/1512/31/1503/31/1606/30/16.

RE Mortgage5711,3862,6376712,6904,33211,846(3,818)(1,722)(33)2,705(1,008)1561,4495,602(1,710)6483,288

Prod. & Intermediate(1,228)(364)692(3,214)(758)9852,170(3,812)(1,494)(308)863(2,286)(579)1,3011,996(1,367)582(1,474)

Agribusiness- 0

Loans to Co-ops(658)(5,160)(4,288)4,3841,2731,246(1,638)4,4441,140(500)6305,4363,1372,0861,6683,3121,7043,862

Process & Marketing(301)(882)(806)7074646733961,7741,3781,5022,4299304735863,810(1,545)(1,406)1,084

Farm-related business582724791137217356511342114117(26)39140991118(150)

s/t(901)(6,015)(4,847)5,1821,8742,136(886)6,2692,6521,0233,2006,3833,5843,0635,8871,8584164,796

Rural Utility(88)(11)5158032,0062,2232,2371,3801,4961,2791,9454355581,0051,7807181,7301,043

Rural residential RE15425235749145271598(127)(28)7581421102342437215848

Agricultural export finance(155)(107)(202)38572756489537(115)90144790(246)94(397)(123)365

Other9412316155171234380(36)91181348(110)75185392(65)70(70)

Total(1,553)(4,736)(687)3,9316,85510,74517,240(107)8802,3079,1563,5033,9946,99115,994(891)3,4817,996

Combined RU/RuralRE/Export/Other52578311,2923,0493,2924,1101,2541,4441,6252,3884148331,1782,5093281,8351,386

2,378

2014

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2015

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]YTD '16

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2.6427572173470582E-24.9094265070074972E-2-1.0608893585887347E-29.5914742451155277E-32.6302095652585233E-2

2014

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2015

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]YTD '16

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2.6427572173470582E-24.9094265070074972E-2-1.0608893585887347E-29.5914742451155277E-32.6302095652585233E-2

YTD '16

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]2.6427572173470582E-24.9094265070074972E-2-1.0608893585887347E-29.5914742451155277E-32.6302095652585233E-2YTD '17

Total Gross LoansReal Estate Mortgage[47%]Production & Intermediate[20%]Agribusiness [15%]Other[18%]3.0319076930427347E-21.5739929761307447E-22.788100395461135E-20.102981525516736789.3389366953504638E-3

LoanGrowthbyType2

Loan growth by Loan Type

12/31/1212/31/1312/31/1412/31/1512/31/1612/31/17%

RE Mortgage92,50495,209100,811107,813114,446119,45046.2%

Prod. & Intermediate43,44644,30946,30549,20450,28251,72420.0%

Agribusiness

Loans to Co-ops10,25510,88512,55313,11315,30017,3356.7%

Process & Marketing10,73513,16416,97419,94921,16621,5828.3%

Farm-related business2,8582,9993,4083,5333,1623,2931.3%

s/t23,84827,04832,93536,59539,62842,21016.3%

Rural Infrastructure17,84319,78821,56825,79827,44027,96510.8%17.5%

Rural residential RE6,4306,5116,7547,1177,1487,2612.8%

Agricultural export finance4,7294,7434,8375,0755,5315,6452.2%

Other3,1043,4523,8444,2884,2934,5221.7%

Total191,904201,060217,054235,890248,768258,777100.0%

% change quarter-over-quarter

12/31/1212/31/1312/31/1412/31/1512/31/1612/31/17

RE Mortgage92,50495,209100,811107,813114,446119,450

Prod. & Intermediate43,44644,30946,30549,20450,28251,724

Agribusiness23,84827,04832,93536,59539,62842,210

Other32,10634,49437,00342,27844,41245,393

Total191,904201,060217,054235,890248,768258,777

% change quarter-over-quarter

201220132014201520162017

RE Mortgage (46%)2.9%5.9%6.9%6.2%4.4%

Prod. & Intermediate (20%)2.0%4.5%6.3%2.2%2.9%

Agribusiness (16%)13.4%21.8%11.1%8.3%6.5%

Other (18%)7.4%7.3%14.3%5.0%2.2%

Total Loan Portfolio4.8%8.0%8.7%5.5%4.0%

RE Mortgage (46%)

41639420044236942735431002.9241978725244255E-25.8838975306956254E-26.9456706113420141E-26.1523192935916793E-24.372367754224693E-2Prod. & Intermediate (20%)

41639420044236942735431001.9863738894259519E-24.5047281590647525E-26.2606629953568804E-22.1908787903422544E-22.8678254643808909E-2Agribusiness (16%)

41639420044236942735431000.134183160013418230.217650103519668740.111127979353271578.2880174887279612E-26.5155950338144697E-2Other41639420044236942735431007.4378620818538632E-27.2737287644228044E-20.142556008972245525.0475424570698646E-22.2088624696028125E-2Total Loan Portfolio41639420044236942735431004.7711355677839018E-27.9548393514373927E-28.6780248233158552E-25.4593242613082404E-24.0234274504759471E-2

2013RE Mortgage (46%)Prod. & Intermediate (20%)Agribusiness (16%)Other (18%)2.9241978725244255E-21.9863738894259519E-20.134183160013418237.4378620818538632E-220145.8838975306956254E-24.5047281590647525E-20.217650103519668747.2737287644228044E-220156.9456706113420141E-26.2606629953568804E-20.111127979353271570.1425560089722455220166.1523192935916793E-22.1908787903422544E-28.2880174887279612E-25.0475424570698646E-220174.372367754224693E-22.8678254643808909E-26.5155950338144697E-22.2088624696028125E-2

LoanGrowth_Dist

YTD GROWTH RATE

(remember to change titles in table)

Loan Growth by District (% change year-to-date through September)

201720162015201411Q

Current QtrBase QtrPrior YearPrior YearPrior Year21QDistrictYTD-'15YTD-'16YTD-'17

Sep-17Dec-16% Chg.% of TotalSep-16Dec-15% Chg.Sep-15Dec-14% Chg.9/30/14Dec-13% Chg.31Q11AgFirst District (11%)4.2%3.9%2.8%

FCS251,162248,7681.0%102.1%242,124235,8902.6%226,844217,0544.5%208,051201,0603.5%42Q39AgriBank District (39%)3.6%3.0%1.6%

AgFirst28,21427,4582.8%11.23%27,18526,1533.9%25,45224,4164.2%24,11723,2713.6%52Q41CoBank District (41%)5.2%1.7%-0.5%

Agribank100,69299,0691.6%40.09%97,74694,9443.0%91,66288,4983.6%85,21082,7702.9%62Q9Texas District (9%)6.1%4.4%3.6%

CoBank104,262104,779-0.5%41.51%100,04798,3831.7%93,77589,1325.2%84,35081,6033.4%73QTotal FCS4.5%2.6%1.0%

Texas23,23722,4263.6%9.25%22,12121,1824.4%20,52719,3506.1%18,69217,7255.5%83Q

93Q

104Q

114Q

124Q

Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)Total FCS

20153.6%-0.5%1.6%2.8%1.0%

20144.4%1.7%3.0%3.9%2.6%

20136.1%5.2%3.6%4.2%4.5%

11

40

41

8

100

2015

AgFirstAgribankCoBankTexas4.2431192660550461E-23.5752220389161336E-25.2091280348247546E-26.0826873385012921E-22016

AgFirstAgribankCoBankTexas3.9460100179711695E-22.9512133468149647E-21.6913491151926655E-24.4330091587196675E-22017

AgFirstAgribankCoBankTexas2.7532959428946027E-21.6382521273052116E-2-4.9341948291165214E-33.6163381788994919E-2

2015

Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)3.6163381788994919E-2-4.9341948291165214E-31.6382521273052116E-22.7532959428946027E-22014

Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)4.4330091587196675E-21.6913491151926655E-22.9512133468149647E-23.9460100179711695E-22013

Texas District(9%)CoBank District(41%)AgriBank District(39%)AgFirst District (11%)6.0826873385012921E-25.2091280348247546E-23.5752220389161336E-24.2431192660550461E-2

Capital

Current Qtr12/31/17

System CapitalRestricted CapitalTotal Capital less Restricted% change(qtr-over-qtr)AssetsCapital-to-Assets ratiocapital-to-assets ratio w/o restrict

Date

9/30/0420.22.118.0121.316.6%15.1%

12/31/0421.42.219.26.1%124.917.1%15.7%

12/31/0522.82.120.76.5%139.916.3%15.0%

12/31/0624.42.322.17.3%162.915.0%13.8%

12/31/0726.42.623.88.1%186.514.2%13.0%

12/31/0827.12.924.22.7%214.412.7%11.4%

12/31/0930.03.326.710.5%215.513.9%12.6%

12/31/1033.33.230.011.0%230.014.5%13.2%

12/31/1135.93.432.58.1%230.415.6%14.3%

12/31/1238.63.335.37.4%246.715.7%14.5%

12/31/1342.63.539.110.3%260.816.3%15.2%

12/31/1445.73.842.07.3%282.716.2%15.0%

12/31/1548.84.044.86.8%303.516.1%15.0%

12/31/1652.34.547.97.1%319.916.4%15.2%

12/31/1755.44.850.55.9%329.516.8%15.6%

Total Capital less Restricted40178405434090841274416394200442369427354310026.66999999999999830.02499999999999932.54799999999999535.31139.10499999999999741.95600000000000344.79500000000000247.85799999999999750.533999999999999Restricted Capital4017840543409084127441639420044236942735431003.28900000000000013.2263.39199999999999993.2983.4963.754.03899999999999974.45300000000000034.8479999999999999

40178405434090841274416394200442369427354310029.95933.25099999999999835.9438.60900000000000242.60099999999999945.70600000000000348.83400000000000352.31155.381999999999998% change(qtr-over-qtr)

4017840543409084127441639420044236942735431000.10451998230349510.109883507460195548.0869748278247278E-27.4262659988870452E-20.103395581341138017.2885613013779119E-26.843740427952566E-27.1200393168693865E-25.8706581789680905E-2

Capital-to-Assets ratio

387173908239447398134017840543409084127441639420044236942735431000.16280399754085470.150002456036938790.141694064392253210.1265389334415660.139048626872183310.144586538419727520.155982136269535720.156524665131514950.163358667392688140.161657818507213530.16090121020220560.163515308753887730.16806972608476625

System Capital ($B)

Total Capital less Restricted

41274416394200442369427354310035.31139.10499999999999741.95600000000000344.79500000000000247.85799999999999750.533999999999999Restricted Capital

4127441639420044236942735431003.2983.4963.754.03899999999999974.45300000000000034.8479999999999999

41274416394200442369427354310038.60900000000000242.60099999999999945.70600000000000348.83400000000000352.31155.381999999999998

4127441639420044236942735431000.156524665131514950.163358667392688140.161657818507213530.16090121020220560.163515308753887730.16806972608476625

Restricted Capital

3981340178405434090841274416394200442369427354310027.12399999999999929.95933.25099999999999835.9438.60900000000000242.60099999999999945.70600000000000348.83400000000000352.31155.381999999999998Total Capital less Restricted3981340178405434090841274416394200442369427354310024.20926.66999999999999830.02499999999999932.54799999999999535.31139.10499999999999741.95600000000000344.79500000000000247.85799999999999750.533999999999999

40543409084127441639420044236942735431000.1265389334415660.139048626872183310.144586538419727520.155982136269535720.156524665131514950.163358667392688140.161657818507213530.16090121020220560.163515308753887730.16806972608476625

CapitalPie

Preferred /Capital Stk$3,74310.4%

Restricted Capital$3,3929.4%

Additionalpaid-in-capital$4021.1%3,7319.810.4%

Surplus (a)$28,40379.0%3,3568.89.3%

35,940100.0%4011.11.1%

(991)-2.6-2.8%

29,44277.681.9%

35,93994.7100.0%

Preferred /Capital StkRestricted CapitalAdditionalpaid-in-capitalSurplus (a)3743339240228403

CapitaltoAssets

Current Qtr9/30/09Current Qtr12/31/09Date12/31/09

Total AssetsTotal Assets less Restrict. CapitalSystem CapitalRestricted CapitalSystem Capital less Restricted CapitalCapital-to-Assets(Capital less Restricted)-to-AssetsTotal AssetsTotal Assets less Restrict. CapitalSystem CapitalRestricted CapitalSystem Capital less Restricted Capitalcapital-to-assets (capital less restricted)-to-assetsTotal AssetsSystem CapitalRestricted CapitalTotal Assets less Restrict. CapitalSystem Capital less Restricted Capitalcapital-to-assets (capital less restricted)-to-assets

DateDateDate

Sep-02ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!Dec-06162.9160.624.42.322.115.013.613.8Dec-02110.617.11.8108.815.215.414.0

Sep-03ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!ERROR:#REF!Mar-07167.1164.825.22.422.915.113.713.9Dec-03116.918.92.0114.916.916.214.7

Sep-04121.3119.120.22.118.016.614.915.1Jun-07172.0169.625.92.523.515.113.713.9Dec-04124.921.42.2122.719.217.115.7

Sep-05135.4133.322.72.020.716.815.315.5Sep-07179.5177.026.62.524.114.813.413.6Dec-05139.922.82.1137.820.716.315.0

Sep-06154.7152.524.22.222.015.714.214.4Dec-07186.5183.926.42.623.814.212.813.0Dec-06162.924.42.3160.622.115.013.8

Sep-07179.5177.026.62.524.114.813.413.6Mar-08197.4194.826.82.724.113.612.212.4Dec-07186.526.42.6183.923.814.213.0

Sep-08207.5204.727.92.825.013.412.112.2Jun-08208.2205.527.22.724.513.111.811.9Dec-08214.427.12.9211.424.212.711.4

Sep-09215.3212.129.33.226.113.612.112.3Sep-08207.5204.727.92.825.013.412.112.2Dec-09215.530.03.3212.226.713.912.6

Dec-08214.4211.427.12.924.212.711.311.4

Mar-09214.9211.927.83.024.812.911.511.7

Jun-09216.1213.028.53.125.413.211.811.9

Sep-09215.3212.129.33.226.113.612.112.3

Dec-09215.5212.230.03.326.713.912.412.6

Capital-to-Assets

38260386253899039355397214008616.6195208445012616.76307410444508215.65117902575240414.8102965178785313.43628785506059513.6146374771812(Capital less Restricted)-to-Assets

38260386253899039355397214008614.85299575275246515.26414160442661414.20131347605750313.40708679400836612.06543474594646912.121718853787804

capital-to-assets

392633935539447395383962939721398133990339994400864017815.08233119634522814.8102965178785314.16940643922532113.58200412312648513.07851527419595113.43628785506059512.653893344156612.94710585344514813.20445670078288513.614637477181213.90486268721833(capital less restricted)-to-assets

392633935539447395383962939721398133990339994400864017813.65831826979523313.40708679400836612.7754745214560412.22805853421333711.7597621826180112.06543474594646911.29398702140861111.54912928956357411.76546797209009812.12171885378780412.378339993595009

capital-to-assets

39447395383962939721398133990339994400864017814.16940643922532113.58200412312648513.07851527419595113.43628785506059512.653893344156612.94710585344514813.20445670078288513.614637477181213.90486268721833(capital less restricted)-to-assets

39447395383962939721398133990339994400864017812.95607336335748412.39589216944800911.9169168925594112.23313303043627111.44969210832489811.71287250210026411.93724356145605512.30542889342619812.570227366992192

capital-to-assets

376213798638352387173908239447398134017815.41207624246477616.18817047923759817.13175810973167816.28039975408546915.00024560369387814.16940643922532112.653893344156613.90486268721833(capital less restricted)-to-assets

376213798638352387173908239447398134017813.98242776266450914.70473006503512715.67008460623053915.027861620617613.7762220339827612.95607336335748411.44969210832489812.570227366992192

EarningsQtrly_YTD

37

YTD 2012YTD 2011YTD 2010

Current Qtr9/30/1711QCurrent Qtr12/31/17Interest Income(227)107(215)

System Net IncomeProvisions for Loan LossesNet Charge-offs ($M)21QSum of Provision for Loan Losses System Net Income ($M)Provision for Loan Losses ($M)Net Charge-offs ($M)Interest Expense276182458Year-to-date201020112012Change yr-over-yr

Date31QQuarterTotalDateNet Interest Income49289243Rate - Assets4.294.053.85(0.24)(0.20)

Sep-051,54703Q-0542QJun-0830Dec-04411'04Provision for Loan Losses16782158Rate - Liab.1.721.401.130.320.27

Sep-061,782(12)3Q-0652QSep-0861Dec-0554904Q-05'05Net after provision216371401Net Interest Spread2.572.652.720.080.07

Sep-072,021643Q-0762QDec-08284```Dec-0659704Q-06'06Noninterest Income / Expense(65)(49)8

Sep-082,3701243Q-0873QMar-09246Dec-07682174Q-07'07Other(18)(20)(22)

Sep-092,0187333Q-0983QJun-09228Dec-085462844Q-08'08Change in YTD Net Income133302387

Sep-102,6334743Q-1093QSep-09259Dec-098321924Q-09'09

Sep-112,9943523Q-11104QDec-09192Dec-108621934Q-10'10

Sep-123,1581883Q-12114QMar-10171Dec-11946784Q-11'11

Sep-133,49993Q-13124QJun-10145Dec-129601254Q-12'12

Sep-143,56973Q-14Sep-10158Dec-131,141(40)4Q-13'13YTD 2010YTD 2011YTD 2012

Sep-153,481873Q-15Dec-10193Dec-141,155334Q-14'14Total Earning Assets4.294.053.85(0.24)(0.20)

Sep-163,5892183Q-16Mar-11108Dec-151,207194Q-15'15Total Interest-bearing Liab.1.721.401.130.320.27

Sep-173,7161883Q-17Jun-11126Dec-161,259484Q-16'16Net Interest Spread2.572.652.720.080.07

Sep-11118Dec-171,47394Q-17'17Non-interest-bearing 0.210.170.15(0.04)(0.02)

Dec-1178Net Interest Margin2.782.822.870.040.05

Mar-123200Net Interest Income84

Jun-1235Provision for Loan Losses-42

Sep-12121Noninterest Income-1

Dec-12125Noninterest Expense-25

Mar-1322Provision for Taxes9

Jun-131925

Sep-13-32

Dec-13-40

Mar-14-12

Jun-14-23

Sep-1442

Dec-1433

Mar-1527

Jun-1523

Sep-1537

Dec-1519

Mar-1669

Jun-1691

Grand Total2985

Full Year

Net Inc.Provisions

20124,118313

20134,640(31)

20144,72440

Provision for Loan Losses ($M)

398134017840543409084127441639420044236942735431001728419219378125-403319489 System Net Income ($M)

'07'08'09'10'11'12'13'14'15'16'1768254683286294696011411155120712591473

Total Earning AssetsYTD 2010YTD 2011YTD 20124.294.053.85Total Interest-bearing Liab.YTD 2010YTD 2011YTD 20121.721.41.129999999999999900

-0.24000000000000021-0.199999999999999730.320000000000000060.27System Net Income

40816411824154741912422774264343008315834993569348135893716Provisions for Loan Losses408164118241547419124227742643430081889787218188

System Net Income

397214008640451408164118241547419124227742643430082370201826332994315834993569348135893716Provisions for Loan Losses

397214008640451408164118241547419124227742643430081247334743521889787218188

EarningsAnnual

Current Qtr12/31/1711QValues

Net Income Provision for Loan Losses21QDateSum of YTD Net Inc.Sum of YTD Provision

Date31QDec-052,096(1)

42QDec-062,37935

52QDec-072,70381

62QDec-082,916408

Dec-072,70381200773QDec-092,850925

Dec-082,916408200883QDec-103,495667

Dec-092,850925200993QDec-113,940430

Dec-103,4956672010104QDec-124,118313

Dec-113,9404302011114QDec-134,640(31)

Dec-124,1183132012124QDec-144,72440

Dec-134,640(31)2013Dec-154,688106

Dec-144,724402014Dec-164,848266

Dec-154,6881062015Dec-175,189197

Dec-164,8482662016Grand Total48,5863,436

Dec-175,1891972017

Year-to-date$ Change

(amounts in millions)20122011yr-over-yr

Interest Income6,4186,696(278)

Interest Expense(1,599)(2,000)401

Provision for Loan Losses(188)(352)164

Net Int. Income after Provisions4,6314,344287

Net Noninterest Income/(Exp)(1,272)(1,153)(119)

Provision for Income Taxes(201)(197)(4)

Net Income3,1582,994164

Provision for Loan Losses

2008200920102011201220132014201520162017408925667430313-3140106266197Net Income

20082009201020112012201320142015201620172916285034953940411846404724468848485189

AvgEarnBal

Current Qtr12/31/16

Avg. Earning Assets ($B)

Date

2008194,832194.8

2009203,455203.5

2010208,638208.6

2011218,573218.6

2012226,042226.0

2013240,235240.2

2014257,386257.4

2015274,862274.9

2016299,550299.6

Avg. Earning Assets ($B)

398134017840543409084127441639420044236942735194.83199999999999203.45500000000001208.63800000000001218.57300000000001226.042240.23500000000001257.38600000000002274.86200000000002299.55

Nonaccruals(2)

UNINUMSHORTNAMESYSTEMDISTMONTHYEARNONNONACRGLOANITMASSETSColumn18000001780000017000000

722077Delta ACA722920114.031,43135,48536,5224.03%

724594Hawaii ACA724920110.8966474,50677,2910.89%

724642Central Oklahoma ACA724920111.131,267111,757114,3311.13%

720061Chattanooga ACA720920114.817,484155,744166,3024.81%

724646Enid ACA724920110.751,207159,995166,8850.75%

724631AgPreference, ACA724920111.101,843166,890173,3761.10%

710056Ag New Mexico, FCS, ACA710920117.7412,507161,491191,1337.74%

720060Puerto Rico ACA720920117.7214,491187,662192,9667.72%

824716Ness City, FLCA824920110.0477213,477221,0180.04%

724151Chisholm Trail ACA724920110.15320211,407223,1670.15%

710862Legacy Ag Credit, ACA7109201113.8331,034224,458226,00813.83%

724031Idaho ACA724920110.05109217,893228,6530.05%

723008Maine ACA723920110.391,025260,720277,1890.39%

710122AgriLand FCS710920110.852,199258,767280,0130.85%

724715Western Kansas ACA724920110.05150275,057286,3250.05%

720861Jackson Purchase ACA720920110.802,226277,106291,3690.80%

724466Colusa-Glenn ACA724920110.471,367289,420295,9200.47%

720040Central Kentucky ACA720920111.273,868303,749333,2241.27%

710551Heritage Land Bank, ACA710920115.5318,447333,713342,9155.53%

723026Yankee ACA723920111.635,424332,542346,3591.63%

720186Northwest Florida ACA7209201114.2550,769356,287374,19614.25%

710549Central Texas ACA710920110.381,423378,610387,3290.38%

720168Southwest Georgia ACA720920114.0712,670310,960387,3414.07%

810586Panhandle-Plains FLCA810920112.9611,330382,611389,2562.96%

710139Texas AgFinance FCS710920111.786,667375,147393,8731.78%

724710Western Oklahoma ACA724920110.07274385,377399,3610.07%

720188Central Florida ACA720920115.6619,092337,572403,5675.66%

710985Alabama ACA710920111.596,540410,381422,4751.59%

724400Northern California ACA724920110.04171418,657427,4400.04%

720131ArborOne, ACA720920114.5013,149292,018442,6984.50%

724488Premier ACA724920110.301,360449,665465,3290.30%

710119Great Plains Ag Credit, ACA710920114.3219,324447,122467,3604.32%

710973Mississippi Land Bank, ACA710920110.783,572459,660471,0650.78%

710659Texas Land Bank, ACA710920110.11528465,569474,7540.11%

724713High Plains ACA724920110.371,714459,763477,0700.37%

710150AgTexas FCS710920111.215,060417,949560,1801.21%

724417Southwest Kansas ACA724920110.965,187541,465563,1030.96%

722406Progressive FCS, ACA722920110.492,687551,547576,2180.49%

724980East Central Oklahoma ACA724920110.663,736562,890578,3670.66%

724247Western AgCredit, ACA724920110.573,285574,943598,8300.57%

824418Kingsburg FLCA824920110.774,735614,367628,6170.77%

720143Colonial ACA720920112.5916,342630,543648,7482.59%

722114Mandan ACA722920110.674,334648,443670,4120.67%

710990Alabama Ag Credit, ACA710920112.2715,472682,691697,7792.27%

710981Southern AgCredit, ACA710920111.006,603657,499721,2381.00%

722075North Dakota ACA722920110.543,799703,220721,7380.54%

710924Louisiana Land Bank, ACA710920116.1244,219722,361736,6586.12%

724940Southern Colorado ACA724920111.389,838712,032739,4681.38%

720105Cape Fear ACA720920114.0530,730757,990804,0874.05%

722313Western Arkansas ACA722920113.9031,787814,463837,1333.90%

722350AgHeritage ACA722920110.554,500810,826856,5890.55%

724676Fresno-Madera ACA724920110.121,002848,507867,7420.12%

722308Midsouth ACA722920111.4312,437871,347895,3101.43%

710739Lone Star, ACA710920119.8687,298885,085931,9919.86%

724333FCS Southwest ACA724920112.5323,501928,377959,1862.53%

720335AgCarolina ACA720920113.4233,041965,6991,036,7883.42%

720376Florida ACA7209201111.95117,725985,1161,078,92711.95%

724576The Mountain Plains ACA724920111.1912,4521,049,2841,087,6661.19%

720336AgGeorgia ACA720920115.4463,5841,169,5961,217,8565.44%

722643United ACA722920110.839,6781,162,9801,219,5570.83%

720899AG CREDIT ACA720920110.354,2531,202,0651,221,0890.35%

724947New Mexico ACA724920110.465,8641,275,2631,320,2120.46%

720331Carolina ACA720920113.3440,5041,212,3821,334,1673.34%

720181AgChoice ACA720920113.4744,9591,296,7411,338,0243.47%

724839Frontier ACA724920111.4218,5831,311,4951,364,1001.42%

720033First South ACA720920110.8411,0481,318,2131,425,8580.84%

720194FC of the Virginias ACA720920111.8627,4111,474,1401,541,6201.86%

724450Yosemite ACA724920110.629,2141,490,8311,611,5990.62%

720735AgSouth ACA720920111.9830,8041,555,3841,647,0551.98%

720164MidAtlantic ACA720920113.9787,6502,209,9962,261,1133.97%

722644FCS Financial, ACA722920111.4232,8702,308,1142,381,4971.42%

722146FCS of Illinois ACA722920110.5613,8292,481,6762,569,1080.56%

722344Badgerland ACA722920110.9624,6102,571,8562,685,2610.96%

722498AgCountry ACA722920111.0633,3253,138,3323,379,2251.06%

7225021st Farm Credit Services, ACA722920111.3141,4313,156,8703,560,7781.31%

723838Farm Credit East, ACA723920111.1247,9824,294,9624,439,4161.12%

724669American AgCredit, ACA724920111.7776,0574,308,6954,501,4701.77%

710566Capital Farm Credit, ACA710920113.25160,9644,947,9435,058,8363.25%

722012GreenStone ACA722920111.6784,6435,079,5225,335,6591.67%

722072AgStar ACA722920113.46174,8025,049,6885,758,6183.46%

724124Farm Credit West, ACA724920111.5687,5215,621,7726,164,3921.56%

723898Northwest FCS, ACA723920112.93247,5728,447,2488,739,0882.93%

722198FCS of America ACA722920110.81124,86415,439,68516,069,2390.81%

722825Mid-America ACA722920111.98288,59914,553,04316,834,2671.98%

Nonaccruals as a % of Gross Loans

Association Size: Less than $1.0B in Assets

Nonaccruals as a % of Gross Loans36522772911143311663021668851733761911331929662210182231672260082286532771892800132863252913692959203332243429153463593741963873293873413892563938733993614035674224754274404426984653294673604710654747544770705601805631035762185783675988306286176487486704126977797212387217387366587394688040878371338565898677428953104.0326899999999999E-28.9119999999999998E-31.1337099999999999E-24.8053199999999997E-27.5439999999999995E-31.10432E-27.7447000000000002E-27.7218599999999998E-23.6069999999999999E-41.5137E-30.138261899999999995.0020000000000002E-43.9313999999999998E-38.4980000000000003E-35.4529999999999997E-48.0330000000000002E-34.7232000000000003E-31.2734199999999999E-25.5278000000000001E-21.6310700000000001E-20.14249473.7585000000000001E-34.0744800000000005E-22.9612300000000001E-21.7771699999999998E-27.1099999999999994E-45.6556800000000004E-21.59364E-24.0840000000000001E-44.5027999999999999E-23.0244999999999998E-34.3218600000000003E-27.7710000000000001E-31.1340999999999999E-33.7280000000000004E-31.21067E-29.5796000000000006E-34.8717999999999999E-36.6371999999999994E-35.7136000000000001E-37.7070999999999997E-32.5917300000000001E-26.6836999999999999E-32.2663300000000001E-21.0042599999999999E-25.4022999999999996E-36.1214500000000005E-21.3816800000000001E-24.0541400000000005E-23.9028199999999999E-25.5499E-31.1808999999999999E-31.4273299999999999E-29.8632299999999992E-22.5314100000000003E-2

Nonaccruals as a % of Gross Loans4.03268999999999970.891199999999999991.133714.805320.754399999999999961.104327.74469999999999997.72186000000000043.6069999999999998E-20.1513713.826195.0020000000000002E-20.393139999999999990.84985.4530000000000002E-20.803300000000000010.472320000000000021.273425.52781.6310714.2494700000000010.375850000000000024.07448000000000032.961231.77716999999999997.1099999999999997E-25.65568000000000031.59363999999999994.0840000000000001E-24.50279999999999970.302454.321860.777100000000000010.113410.372800000000000021.21066999999999990.957960000000000030.487180.663719999999999980.571359999999999980.770710000000000012.59173000000000010.668370000000000022.266331.00425999999999990.540229999999999996.12145000000000031.381684.05414000000000033.90282000000000020.554989999999999980.118091.427339.86322999999999972.53141000000000023.421460000000000211.9503699999999993548574506111757155744159995166890161491187662213477211407224458217893260720258767275057277106289420303749333713332542356287378610310960382611375147385377337572410381418657292018449665447122459660465569459763417949541465551547562890574943614367630543648443682691657499703220722361712032757990814463810826848507871347885085928377965699985116Nonaccruals as a % of Gross Loans3548574506111757155744159995166890161491187662213477211407224458217893260720258767275057277106289420303749333713332542356287378610310960382611375147385377337572410381418657292018449665447122459660465569459763417949541465551547562890574943614367630543648443682691657499703220722361712032757990814463810826848507871347885085928377965699985116104928411695961162980120206512752631212382129674113114951318213147414014908311555384220999623081142481676257185631383323156870429496243086954947943507952250496885621772844724815439685145530434.03268999999999970.891199999999999991.133714.805320.754399999999999961.104327.74469999999999997.72186000000000043.6069999999999998E-20.1513713.826195.0020000000000002E-20.393139999999999990.84985.4530000000000002E-20.803300000000000010.472320000000000021.273425.52781.6310714.2494700000000010.375850000000000024.07448000000000032.961231.77716999999999997.1099999999999997E-25.65568000000000031.59363999999999994.0840000000000001E-24.50279999999999970.302454.321860.777100000000000010.113410.372800000000000021.21066999999999990.957960000000000030.487180.663719999999999980.571359999999999980.770710000000000012.59173000000000010.668370000000000022.266331.00425999999999990.540229999999999996.12145000000000031.381684.05414000000000033.90282000000000020.554989999999999980.118091.427339.86322999999999972.53141000000000023.421460000000000211.9503699999999991.18670999999999995.43641000000000040.832169999999999970.353810000000000010.459830000000000023.34086000000000023.46708000000000021.416930.838099999999999961.85945999999999990.618040000000000031.980483.96607000000000021.424110.557239999999999960.956899999999999971.06187000000000011.31241000000000011.117171.76520000000000013.25315000000000021.66636000000000013.46164000000000011.55682000000000012.93080000000000010.808719999999999991.98308

Nonaccruals as a % of Gross Loans

Association Size: Greater than $1.0B in Assets

Nonaccruals as a % of Gross Loans80408783713385658986774289531093199195918610367881078927108766612178561219557122108913202121334167133802413641001425858154162016115991647055226111323814972569108268526133792253560778443941645014705058836533565957586186164392873908816069239168342674.05414000000000033.90282000000000020.554989999999999980.118091.427339.86322999999999972.53141000000000023.421460000000000211.9503699999999991.18670999999999995.43641000000000040.832169999999999970.353810000000000010.459830000000000023.34086000000000023.46708000000000021.416930.838099999999999961.85945999999999990.618040000000000031.980483.96607000000000021.424110.557239999999999960.956899999999999971.06187000000000011.31241000000000011.117171.76520000000000013.25315000000000021.66636000000000013.46164000000000011.55682000000000012.93080000000000010.808719999999999991.98308

Creditquality

Quarterly change

Current Qtr12/31/17

Nonaccrual Loans ($M) Other Nonperforming Loans ($M)Total Nonperforming LoansGross LoansNonperforming Loans as a % of Gross LoansOPO

Date

1991'91

1992'92

12/31/867,0661,4008,46658,24914.53%1,1011993'93

12/31/875,2341,8367,07052,49813.47%8761994'94

12/31/883,3292,4905,81951,42711.32%6631995'95

12/31/892,5532,6255,17850,70710.21%4681996'96

12/31/902,6272,0334,66051,1729.11%3461997'97

12/31/912,3221,4313,75351,4577.29%411'911998'98

12/31/921,9549052,85952,4075.46%315'921999'99

12/31/931,4605982,05853,9093.82%186'932000'00

12/31/941,0364401,47654,6762.70%100'9420017.5%'01

12/31/958013491,15058,5891.96%63'9520027.9%'02

12/31/9664527491961,1781.50%55'9620037.3%'03

12/31/9759223682863,4391.31%31'9720045.3%'04

12/31/981,2001961,39667,9042.06%32'9820054.1%'05

12/31/999541521,10670,0021.58%25'9920063.7%'06

12/31/0071016987975,2231.17%43'0020073.4%'07

12/31/0177118595682,6441.16%51'0120085.3%'08

12/31/029391921,13190,0401.26%49'0220099.6%'09

12/31/031,0491371,18692,7901.28%41'0320109.4%'10

12/31/046469774396,3670.77%24'0420117.4%'11

12/31/0552476600106,2720.56%16'0520125.5%'12

12/31/0653382615123,4360.50%21'0620134.2%'13

12/31/07512109621142,9060.43%32'0720143.6%'14

12/31/082,2821342,416161,4231.50%46'0820154.0%'15

12/31/093,3691663,535164,8302.14%241'0920165.5%'16

12/31/103,2291573,386175,3511.93%454'1020176.1%'17

12/31/112,7382592,997174,6641.72%458'11

12/31/122,3003082,608191,9041.36%324'12

12/31/131,7363042,040201,0601.01%198'13

12/31/141,3753621,737217,0540.80%132'14

12/31/151,3243051,629235,8900.69%96'15

12/31/161,5913711,962248,7680.79%75'16

12/31/171,6603071,967258,7770.76%55'17

409084127441639420044236942735431001.7158658910823067E-21.3590128397532099E-21.0146225007460459E-28.0026168603204734E-36.9057611598626481E-37.8868664780036013E-37.6011392047979536E-3

'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 3753285920581476115091982813961106879956113111867436006156212416353533862997260820401737162919621967

Nonperforming Loans as a % of Gross Loans

'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 7.2934683327827113E-25.455378098345641E-23.8175443803446549E-22.699539103079962E-21.9628257864104184E-21.5021739841119357E-21.3051908132221504E-22.0558435438265788E-21.579954858432616E-21.1685255839304468E-21.156768791442815E-21.2561083962683251E-21.2781549735962927E-27.7101082320711447E-35.6458897922312557E-34.9823390258919601E-34.3455138342686798E-31.4966888237735638E-22.1446338651944428E-21.9309841403812925E-21.7158658910823067E-21.3590128397532099E-21.0146225007460459E-28.0026168603204734E-36.9057611598626481E-37.8868664780036013E-37.6011392047979536E-3

Loans Classified Less than Acceptable'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14'15'16'177.5300000000000006E-27.8699999999999992E-27.3099999999999998E-25.3400000000000003E-24.1300000000000003E-23.6999999999999998E-23.4000000000000002E-25.3000000000000005E-29.5899999999999999E-29.4299999999999995E-27.3999999999999996E-25.5E-24.1999999999999996E-23.599999999999999E-20.045.5E-26.0999999999999999E-2

LoanPortfolio (2)

FCS Loan Portfolio Geographical Distributionas of December 31, 2017

California10.6%

Texas6.9%

Iowa5.4%

Illinois5.0%

Minnesota4.9%

FCS Loan Portfolio(in millions)Dec-17% of% ChangeDec-16Nebraska3.9%

Portfolioover 2016Ohio3.7%

Cash Grains43,14616.7%1.0%42,719Wisconsin3.0%

Rural Infrastructure27,96510.8%1.9%27,440Kansas3.0%

Cattle23,7789.2%5.0%22,653Indiana3.0%

Food Products17,9697.0%0.2%17,942

Dairy Farms17,1946.7%4.2%16,499

Rural Home16,0816.2%0.5%15,999

Forestry15,4686.0%(0.6%)15,554

Field Crops14,5125.6%5.2%13,800

Tree Fruits, Nuts & Grapes14,2795.5%13.4%12,591

Farm Supply & Marketing12,2494.7%16.0%10,556

Poultry & Eggs7,0782.7%8.8%6,504

Hogs6,0112.3%7.7%5,582

Other43,04716.6%5.2%40,929

Total258,777100.0%4.0%248,768

GRAPH DATA

Dec-17%

Cash Grains43,14616.7%

Rural Infrastructure27,96510.8%

Cattle23,7789.2%

Food Products17,9697.0%

Dairy Farms17,1946.7%

Rural Home16,0816.2%

Forestry15,4686.0%

Field Crops14,5125.6%

Tree Fruits, Nuts and Grapes14,2795.5%

Farm Supply & Marketing12,2494.7%

Poultry & Eggs7,0782.7%

Hogs6,0112.3%

Other43,04716.6%

Total258,777100.0%

Cash Grains Rural Infrastructure Cattle Food Products Dairy Farms Rural Home Forestry Field Crops Tree Fruits, Nuts and Grapes Farm Supply & Marketing Poultry & Eggs Hogs Other0.167000000000000010.1089.1999999999999998E-27.0000000000000007E-26.7000000000000004E-26.2E-20.065.6000000000000001E-25.5E-24.7E-22.7E-22.3E-20.16600000000000001

Nonperf_byLoanType

March-09March-10March-11

GrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperforming

Mar-14Mar-13Mar-12Real Estate Mortgage 72,5438471.2%75,0271,4611.9%77,8851,7902.3%

GrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperformingProduction & Intermediate36,0297532.1%37,7791,4783.9%38,3441,0522.7%

Total FCS204,5632,0681.0%191,7972,7111.4%178,5952,9701.7%Agribusiness 27,7781,1724.2%23,4445502.3%34,3004981.5%

46.0%RE Mortgage ( 46%)94,2011,1251.2%88,6861,4121.6%81,3291,5701.9%Rural Residential RE4,660561.2%5,078701.4%5,537821.5%

20.5%Prod. & Intermediate ( 21%)42,0236401.5%39,6347952.0%38,0629372.5%Other21,301880.4%21,1741570.7%21,5331180.5%

16.3%Agribusiness ( 16%)33,4311070.3%30,1172190.7%29,9162830.9%Total FCS00162,3112,9161.80%162,5023,7162.29%177,5993,5401.99%

9.9%Rural Utility ( 10%)20,2231130.6%19,2231961.0%16,409670.4%

7.2%Other ( 7%)14,685830.6%14,137890.6%12,8791130.9%

Mar-09Mar-10Mar-11

GrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperformingGrossLoansNonperforming

Total FCS 162,3112,9161.80%162,5023,7162.29%177,5993,5401.99%

RE Mortgage 72,5438471.17%75,0271,4611.95%77,8851,7902.30%

Production & Intermediate36,0297532.09%37,7791,4783.91%38,3441,0522.74%

Agribusiness 27,7781,1724.22%23,4445502.35%34,3004981.45%

Other25,9611440.55%26,2522270.86%27,0702000.74%

177599

177,599,000,000

177599

83422

38344

34300

21533

Mar-14

RE Mortgage ( 46%)Prod. & Intermediate ( 21%)Agribusiness ( 16%)Rural Utility ( 10%)Other ( 7%)1.194254838059044E-21.5229755134093234E-23.2006221770213275E-35.5876971764822229E-35.6520258767449776E-3Mar-13

RE Mortgage ( 46%)Prod. & Intermediate ( 21%)Agribusiness ( 16%)Rural Utility ( 10%)Other ( 7%)1.5921340459599035E-22.0058535600746833E-27.271640601653551E-31.0196119232169797E-26.2955365353328145E-3Mar-12

RE Mortgage ( 46%)Prod. & Intermediate ( 21%)Agribusiness ( 16%)Rural Utility ( 10%)Other ( 7%)1.9304307196694907E-22.4617728968525036E-29.4598208316619865E-34.0831251142665614E-38.7739731345601365E-3

Mar-09

1.7965510655470054E-21.1675833643494204E-22.0899830691942602E-24.2191662466700267E-25.5467817110280808E-3Mar-10

2.2867410862635537E-21.9472989723699468E-23.9122263691468803E-22.3460160382187342E-28.6469602316014017E-3Mar-11

1.9932544665228973E-22.2982602555049112E-22.743584393907782E-21.4518950437317784E-27.3882526782415962E-3

Net Interest Spread

Rate: Earning AssetsRate: Interest-Bearing Liabilities% Net Interest Spread

20052.01

20061.76

20071.73

20081.99

20092.43

20104.24-1.632.612.61

20114.06-1.382.682.68

20123.79-1.082.712.71

20133.59-0.952.642.64

20143.46-0.962.502.50

20153.41-1.012.402.40

YTD '163.46-1.162.30

20066.654.891.76

20076.845.111.73

20085.553.561.99

20094.482.052.43

20104.241.632.61

20114.061.382.68

20123.791.082.71

20133.590.952.64

20143.460.962.50

20153.411.012.40

20163.481.172.31

YTD '173.701.462.24

2016

QtrYTD

12.312.31

22.292.30

32.302.29

42.342.31

200520062007200820092010201120122013201420152.00999999999999981.761.731.992.43000000000000022.612.682.712.642.52.4

201020112012201320142015YTD '164.244.05999999999999963.793.593.463.413.46201020112012201320142015YTD '16-1.63-1.38-1.08-0.95-0.96-1.01-1.1599999999999999201020112012201320142015YTD '162.61000000000000032.67999999999999972.712.63999999999999972.52.40000000000000042.2999999999999998Rate: Earning Assets

20092010201120122013201420152016YTD '174.48000000000000044.244.05999999999999963.793.593.463.413.483.7Rate: Interest-Bearing Liabilities

20092010201120122013201420152016YTD '172.04999999999999981.631.381.080.950.961.011.171.46% Net Interest Spread

20092010201120122013201420152016YTD '172.43000000000000062.61000000000000032.67999999999999972.712.63999999999999972.52.40000000000000042.312.2400000000000002

Rate_Vol

RATE / VOLUME

Net Interest Income (YTD through September)

20162015Inc / (Dec)Inc / (Dec) due to

RateVolume

Interest Income7,7386,948790114676

Interest Expense(2,214)(1,731)(483)(308)(175)

Net Interest Income5,5245,217307(194)501

Sector_Nonaccruals

12/31/1312/31/1212/31/1112/31/10Nonaccruals as a % of Gross Loans

Loans OutstandingNon Accruals%Loans OutstandingNon Accruals%Loans OutstandingNon Accruals%Loans OutstandingNon Accruals%Dec-13Dec-12Dec-11Dec-10

Cattle18,51