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- Bank & association oversightAbout banks & associationsThe cooperative wayFCS directory and mapMergers, name changes, and other corporate activityMajor financial indicatorsYoung, beginning, and small farmer lendingBorrower rights and how to file a complaintCriminal referrals
- About banks & associations
- The cooperative way
- FCS directory and map
- Mergers, name changes, and other corporate activity
- Major financial indicators
- Young, beginning, and small farmer lending
- Borrower rights and how to file a complaint
- Criminal referrals

Major financial indicators Provided here are four tables containing annual data or selected financial performance indicators for Farm Credit System institutions, as of Dec. 31. Each of the FCS districts consists of a single FCS bank and its affiliated associations; the name of the district corresponds to the name of its bank.


Print all tables  Annual combined statement of condition data ($ millions)
								Print table

								  2023
			2022
			2021
			2020
			2019Cash, Federal funds sold and investments
			$ 93,487
			$ 89,896
			$ 80,816
			$ 74,210
			$ 68,266Loans
			398,176
			373,266
			343,929
			315,490
			286,964Allowance for credit losses on loans
			-1,617
			-1,576
			-1,632
			-1,796
			-1,806Net loans
			396,559
			371,690
			342,297
			313,694
			285,158Accrued interest receivable
			4,726
			3,572
			2,560
			2,585
			2,864Other property owned
			58
			28
			39
			37
			72Other assets
			13,006
			11,877
			10,245
			10,167
			8,999Total assets
			507,836
			477,063
			435,957
			400,693
			365,359Systemwide bonds and medium-term notes
			396,409
			362,624
			328,552
			299,145
			274,540Systemwide discount notes
			19,124
			27,353
			24,271
			23,510
			18,998Subordinated debt
			398
			398
			398
			0
			0Other bonds
			6,288
			5,599
			3,623
			2,559
			1,961Other liabilities
			12,288
			12,488
			9,636
			9,944
			8,130Total liabilities
			434,507
			408,462
			366,480
			335,158
			303,629Capital
			73,329
			68,601
			69,477
			65,535
			61,730Source: Funding Corporation's 2023 Annual Information System (PDF) Annual combined statement of income data ($ millions)
								Print table

								  2023
			2022
			2021
			2020
			2019Interest income
			$ 26,240
			$ 16,716
			$ 12,541
			$ 13,107
			$ 15,019Interest expense
			14,807
			6,174
			2,777
			4,061
			6,753Net interest income
			11,433
			10,542
			9,764
			9,046
			8,266(Provision for credit losses) credit loss reversal
			-614
			-40
			152
			-107
			-169Noninterest income
			1,209
			969
			760
			758
			711Noninterest expense
			-4,403
			-4,037
			-3,719
			-3,523
			-3,259Income before income taxes
			7,625
			7,434
			6,957
			6,174
			5,549Provision for income taxes
			-180
			-166
			-161
			-172
			-103Net income
			7,445
			7,268
			6,796
			6,002
			5,446Source: Funding Corporation's 2023 Annual Information Statement (PDF) Annual combined key financial ratios
								Print table

								  2023
			2022
			2021
			2020
			2019Return on average assets
			1.53%
			1.59%
			1.66%
			1.57%
			1.54%Return on average capital
			10.41%
			10.45%
			9.94%
			9.26%
			8.91%Net interest margin
			2.43%
			2.39%
			2.46%
			2.46%
			2.42%Operating expense as a % of net interest income and noninterest income
			34.9%
			35.1%
			35.3%
			35.9%
			36.2%Net loan charge-offs as a % of average loans
			0.08%
			0.01%
			0.01%
			0.03%
			0.02%Nonperforming assets as a % of loans and other property owned
			0.45%
			0.47%
			0.46%
			0.60%
			0.82%Allowance for credit losses on loans as a % of loans outstanding at year end
			0.41%
			0.42%
			0.47%
			0.57%
			0.63%Capital-to-assets ratio
			14.4%
			14.4%
			15.9%
			16.4%
			16.9%Capital and allowance for credit losses on loans as a % of loans outstanding
			13.2%
			13.2%
			14.8%
			15.2%
			15.7%Capital and allowance for loan losses as a % of loans outstanding
			18.8%
			18.8%
			20.7%
			21.3%
			22.1%Debt to capital
			5.93:1
			5.95:1
			5.27:1
			5.11:1
			4.92:1Source: Funding Corporation's 2023 Annual Information Statement (PDF) Annual combined bank and association (district) selected key financial ratios
								Print table

								  AgFirst District
			AgriBank District
			Texas District
			CoBank DistrictDecember 31, 2023Return on average assets
			1.20%
			1.51%
			1.41%
			1.42%Return on average capital
			8.78%
			9.69%
			11.58%
			12.25%Net interest margin
			2.73%
			2.52%
			2.55%
			2.15%Operating expense as a % of net interest income and noninterest income
			54.01%
			37.86%
			43.57%
			34.47%Net loan charge-offs (recoveries) as a % of average loans
			0.10%
			0.13%
			0.07%
			0.03%Nonperforming assets as a % of loans and other property owned
			0.46%
			0.47%
			0.45%
			0.41%Allowance for credit losses on loans as a % of loans
			0.37%
			0.20%
			0.32%
			0.63%Capital-to-assets ratio
			13.14%
			14.96%
			11.97%
			11.62%Capital and allowance for credit losses on loans as a % of loans
			17.08%
			18.22%
			14.90%
			15.86%Debt to capital
			6.61:1
			5.68:1
			7.35:1
			7.60:1December 31, 2022Return on average assets
			1.62%
			1.55%
			1.59%
			1.38%Return on average capital
			10.73%
			9.46%
			12.39%
			11.52%Net interest margin
			2.91%
			2.38%
			2.65%
			2.12%Operating expense as a % of net interest income and noninterest income
			48.06%
			40.46%
			42.70%
			35.73%Net loan charge-offs (recoveries) as a % of average loans
			0.00%
			-0.01%
			0.00%
			0.03%Nonperforming assets as a % of loans and other property owned
			0.88%
			0.42%
			0.51%
			0.39%Allowance for credit losses on loans as a % of loans
			0.48%
			0.21%
			0.24%
			0.65%Capital-to-assets ratio
			13.46%
			15.65%
			11.90%
			11.10%Capital and allowance for credit losses on loans as a % of loans
			17.76%
			18.67%
			14.80%
			15.48%Debt to capital
			6.43:1
			5.39:1
			7.40:1
			8.01:1Source: Funding Corporation's 2023 Annual Information Statement (PDF)








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