Consolidated Five-Year Summary of Selected Financial Data
Consolidated Five-Year Summary of Selected Financial Data GREENSTONE FARM CREDIT SERVICES, ACA (Dollars in thousands) STATEMENT OF CONDITION DATA Loans Allowance for loan losses
$9,398,125 $8,619,585 $8,212,256 $7,801,558 $7,292,647 95,454 84,064 72,640 46,382 34,290
Net loans Investment in AgriBank, FCB Investment securities Acquired property Other assets Total assets
9,302,671 222,432 9,046 1,577 192,537 $9,728,263
8,535,521 196,566 7,715 1,766 177,742 $8,919,310
8,139,616 164,805 12,414 1,572 164,448 $8,482,855
7,755,176 159,936 16,749 1,583 145,785 $8,079,229
7,258,357 111,217 20,587 2,440 134,039 $7,526,640
$200,945 7,748,606 7,949,551
$174,260 7,072,973 7,247,233
$131,112 6,783,097 6,914,209
$6,610,896 — 6,610,896
$6,157,517 — 6,157,517
Obligations with maturities of one year or less Obligations with maturities greater than one year Total liabilities Protected members’ equity Capital stock and participation certificates Unallocated surplus Accumulated other comprehensive loss Total members’ equity Total liabilities and members’ equity STATEMENT OF INCOME DATA Net interest income Provision for credit losses Patronage income Financially related services income Fee income Other income, net Non-interest expense (Provision for) benefit from income taxes Net income 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 charge-offs as a percentage of average loans At Year End Members’ equity as a percentage of total assets Allowance for loan losses as a percentage of loans Capital ratios effective beginning January 1, 2017: Common equity tier 1 ratio Tier 1 capital ratio Total regulatory capital ratio Permanent capital ratio Tier 1 leverage ratio Capital ratios effective prior to 2017 Permanent capital ratio Total surplus ratio Core surplus ratio OTHER Patronage distribution payable to members
2019 2018 2017 2016 2015
1 1 1 1 2 23,019 22,400 22,141 21,693 21,436 1,757,944 1,651,528 1,548,350 1,446,639 1,347,685 (2,252) (1,852) (1,846) — — 1,778,712 1,672,077 1,568,646 1,468,333 1,369,123 $9,728,263 $8,919,310 $8,482,855 $8,079,229 $7,526,640 $234,647 (13,793) 51,531 10,584 20,740 3,568 (99,140) (1,737) $206,400
$222,009 (17,324) 45,423 9,812 14,949 7,388 (95,948) (1,148) $185,161
$209,387 (22,120) 41,391 10,263 14,682 2,119 (95,075) (8,952) $151,695
$194,499 (20,161) 23,550 9,479 15,444 1,625 (90,700) (1,819) $131,917
$181,169 (3,273) 23,433 9,514 13,572 1,436 (85,985) 1,221 $141,087
2.2% 11.9%
2.1% 11.3%
1.8% 9.9%
1.7% 9.3%
2.0% 10.7%
2.6% —
2.6% —
2.6% —
2.6% 0.1%
2.7% —
18.3% 1.0%
18.7% 1.0%
18.5% 0.9%
18.2% 0.6%
18.2% 0.5%
16.7% 16.7% 17.6% 16.9% 17.7%
16.4% 16.4% 17.3% 16.6% 17.6%
16.4% 16.4% 17.0% 16.5% 17.5%
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
N/A N/A N/A
N/A N/A N/A
N/A N/A N/A
16.1% 15.8% 15.8%
16.0% 15.8% 15.8%
$100,000
$82,000
$50,000
$32,979
$35,272
The patronage distribution to members accrued for the year ended December 31, 2019, will be distributed in cash during the first quarter of 2020. The patronage distributions accrued for the years ended December 31, 2018, 2017, 2016, and 2015 were distributed in cash during the first quarter of each subsequent year. No income was distributed to members in the form of dividends, stock, or allocated surplus during these periods.
Annual Report 2019
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