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Provided here are eight tables containing annual data or selected financial performance indicators for Farm Credit System institutions. The first set of four tables shows year-to-date data for the second quarter (as of June 30). The second set of four tables shows annual data (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.
| 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | |
|---|---|---|---|---|
| Cash, Federal funds sold, securities purchased under resale agreements and investments | $ 103,697 | $ 91,003 | $ 92,286 | $ 87,139 |
| Loans | 436,498 | 406,659 | 378,003 | 357,306 |
| Allowance for credit losses on loans | -2,099 | -1,636 | -1,691 | -1,614 |
| Net loans | 434,399 | 405,023 | 376,312 | 355,692 |
| Accrued interest receivable | 5,121 | 4,832 | 3,904 | 2,716 |
| Other property owned | 58 | 121 | 21 | 26 |
| Other assets | 13,683 | 13,082 | 12,111 | 10,698 |
| Total assets | 556,958 | 514,061 | 484,634 | 456,271 |
| Systemwide bonds and medium-term notes | 436,451 | 407,226 | 374,236 | 351,262 |
| Systemwide discount notes | 22,497 | 13,443 | 22,083 | 23,550 |
| Subordinated debt | 398 | 398 | 398 | 398 |
| Other bonds | 5,521 | 5,998 | 6,573 | 3,938 |
| Other liabilities | 9,738 | 10,150 | 10,181 | 8,195 |
| Total liabilities | 474,605 | 437,215 | 413,471 | 387,343 |
| Capital | 82,353 | 76,846 | 71,163 | 68,928 |
Source: Funding Corporation Quarterly Information Statement (Q2, 2025) (PDF)
| 6/30/2025 YTD | 6/30/2024 YTD | 6/30/2023 YTD | 6/30/2022 YTD | |
|---|---|---|---|---|
| Interest income | $15,065 | $14,518 | $ 12,376 | $ 7,013 |
| Interest expense | 8,813 | 8,623 | 6,777 | 1,834 |
| Net interest income | 6,252 | 5,895 | 5,599 | 5,179 |
| (Provision for credit losses) credit loss reversal | -550 | -159 | -407 | -1 |
| Noninterest income | 600 | 513 | 487 | 363 |
| Noninterest expense | 2,309 | 2,211 | 2,082 | 1,881 |
| Income before income taxes | 3,993 | 4,038 | 3,597 | 3,660 |
| Provision for income taxes | -96 | -115 | -91 | -93 |
| Net income | 3,897 | 3,923 | 3,506 | 3,567 |
Source: Funding Corporation Quarterly Information Statement (Q2, 2025) (PDF)
| 6/30/2025 | 6/30/2024 | 6/30/2023 | 6/30/2022 | |
|---|---|---|---|---|
| Return on average assets 1 | 1.42% | 1.55% | 1.46% | 1.59% |
| Return on average capital 1 | 9.65% | 10.47% | 9.95% | 10.30% |
| Net interest margin 1 | 2.35% | 2.41% | 2.41% | 2.38% |
| Operating expense as a % of net interest income and noninterest income | 33.7% | 34.4% | 34.3% | 33.9% |
| Net loan charge-offs as a % of average loans1 | 0.11% | 0.07% | 0.03% | 0.01% |
| Nonperforming assets 2 as a % of loans and other property owned | 1.02% | 0.64% | 0.57% | 0.50% |
| Allowance for credit losses on loans as a % of loans outstanding | 0.48% | 0.40% | 0.45% | 0.45% |
| Capital-to-assets ratio | 14.8% | 14.9% | 14.7% | 15.1% |
| Capital-to-assets ratio (excluding restricted assets and capital — Insurance Fund) | 13.5% | 13.7% | 13.4% | 13.9% |
| Capital and allowance for credit losses on loans as a % of loans outstanding | 19.3% | 19.3% | 19.3% | 19.7% |
| Debt to capital | 5.76:1 | 5.69:1 | 5.81:1 | 5.62:1 |
Footnote 1: Year-to-date annualized
Footnote 2: Prior to the adoption of CECL on January 1, 2023, nonperforming assets included accruing restructured loans and were presented with accrued interest
Source: Funding Corporation Quarterly Information Statement (Q2, 2025) (PDF)
| AgFirst District | AgriBank District | Texas District | CoBank District | |
|---|---|---|---|---|
| June 30, 2025 | ||||
| Return on average assets 1 | 1.09% | 1.45% | 1.33% | 1.39% |
| Return on average capital 1 | 7.98% | 9.72% | 10.86% | 11.50% |
| Net interest margin 1 | 2.55% | 2.41% | 2.56% | 2.11% |
| Operating expense as a % of net interest income and noninterest income | 50.67% | 35.06% | 40.95% | 31.67% |
| Net loan charge-offs as a % of average loans1 | 0.02% | 0.06% | 0.27% | 0.13% |
| Nonperforming assets as a % of loans and other property owned | 0.59% | 1.10% | 0.62% | 1.12% |
| Allowance for credit losses on loans as a % of loans | 0.44% | 0.29% | 0.35% | 0.71% |
| Capital-to-assets ratio | 13.51% | 14.91% | 12.32% | 12.32% |
| Capital and allowance for credit losses on loans as a % of loans | 17.13% | 18.27% | 15.35% | 16.98% |
| Debt to capital | 6.40 :1 | 5.71 :1 | 7.12 :1 | 7.12 :1 |
| June 30, 2024 | ||||
| Return on average assets 1 | 1.33% | 1.60% | 1.50% | 1.54% |
| Return on average capital 1 | 9.81% | 10.55% | 12.14% | 12.70% |
| Net interest margin 1 | 2.58% | 2.48% | 2.59% | 2.17% |
| Operating expense as a % of net interest income and noninterest income | 51.16% | 34.81% | 41.64% | 32.09% |
| Net loan charge-offs as a % of average loans | 0.03% | 0.06% | 0.11% | 0.09% |
| Nonperforming assets as a % of loans and other property owned | 0.41% | 0.65% | 0.51% | 0.68% |
| Allowance for credit losses on loans as a % of loans | 0.35% | 0.22% | 0.31% | 0.61% |
| Capital-to-assets ratio | 13.61% | 15.09% | 13.05% | 12.32% |
| Capital and allowance for credit losses on loans as a % of loans | 17.44% | 18.37% | 16.29% | 16.45% |
| Debt to capital | 6.35:1 | 5.63:1 | 6.66:1 | 7.11:1 |
Footnote 1: Year-to-date annualized
Source: Funding Corporation Quarterly Information Statement (Q2, 2025) (PDF)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Cash, Federal funds sold, securities purchased under resale agreements and investments | $ 98,773 | $ 93,487 | $ 89,896 | $ 80,816 | $ 74,210 |
| Loans | 428,913 | 398,176 | 373,266 | 343,929 | 315,490 |
| Allowance for credit losses on loans | -1,799 | -1,617 | -1,576 | -1,632 | -1,796 |
| Net loans | 427,114 | 396,559 | 371,690 | 342,297 | 313,694 |
| Accrued interest receivable | 5,264 | 4,726 | 3,572 | 2,560 | 2,585 |
| Other property owned | 72 | 58 | 28 | 39 | 37 |
| Other assets | 13,142 | 13,006 | 11,877 | 10,245 | 10,167 |
| Total assets | 544,365 | 507,836 | 477,063 | 435,957 | 400,693 |
| Systemwide bonds and medium-term notes | 428,515 | 396,409 | 362,624 | 328,552 | 299,145 |
| Systemwide discount notes | 19,346 | 19,124 | 27,353 | 24,271 | 23,510 |
| Subordinated debt | 398 | 398 | 398 | 398 | 0 |
| Other bonds | 5,139 | 6,288 | 5,599 | 3,623 | 2,559 |
| Other liabilities | 12,135 | 12,288 | 12,488 | 9,636 | 9,944 |
| Total liabilities | 465,533 | 434,507 | 408,462 | 366,480 | 335,158 |
| Capital | 78,832 | 73,329 | 68,601 | 69,477 | 65,535 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Interest income | $ 29,629 | $ 26,240 | $ 16,716 | $ 12,541 | $ 13,107 |
| Interest expense | 17,594 | 14,807 | 6,174 | 2,777 | 4,061 |
| Net interest income | 12,035 | 11,433 | 10,542 | 9,764 | 9,046 |
| (Provision for credit losses) credit loss reversal | -569 | -614 | -40 | 152 | -107 |
| Noninterest income | 1,162 | 1,209 | 969 | 760 | 758 |
| Noninterest expense | -4,670 | -4,403 | -4,037 | -3,719 | -3,523 |
| Income before income taxes | 7,958 | 7,625 | 7,434 | 6,957 | 6,174 |
| Provision for income taxes | -160 | -180 | -166 | -161 | -172 |
| Net income | 7,798 | 7,445 | 7,268 | 6,796 | 6,002 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Return on average assets | 1.51% | 1.53% | 1.59% | 1.66% | 1.57% |
| Return on average capital | 10.12% | 10.41% | 10.45% | 9.94% | 9.26% |
| Net interest margin | 2.41% | 2.43% | 2.39% | 2.46% | 2.46% |
| Operating expense as a % of net interest income and noninterest income | 35.3% | 34.9% | 35.1% | 35.3% | 35.9% |
| Net loan charge-offs as a % of average loans | 0.10% | 0.08% | 0.01% | 0.01% | 0.03% |
| Nonperforming assets as a % of loans and other property owned | 0.81% | 0.45% | 0.47% | 0.46% | 0.60% |
| Allowance for credit losses on loans as a % of loans outstanding at year end | 0.42% | 0.41% | 0.42% | 0.47% | 0.57% |
| Capital-to-assets ratio | 14.5% | 14.4% | 14.4% | 15.9% | 16.4% |
| Capital-to-assets ratio (excluding restricted assets and capital — Insurance Fund) | 13.2% | 13.2% | 13.2% | 14.8% | 15.2% |
| Capital and allowance for credit losses on loans as a % of loans outstanding at year end | 18.8% | 18.8% | 18.8% | 20.7% | 21.3% |
| Debt to capital | 5.91:1 | 5.93:1 | 5.95:1 | 5.27:1 | 5.11:1 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
| AgFirst District | AgriBank District | Texas District | CoBank District | |
|---|---|---|---|---|
| December 31, 2024 | ||||
| Return on average assets | 1.32% | 1.53% | 1.48% | 1.45% |
| Return on average capital | 9.61% | 10.15% | 11.62% | 11.84% |
| Net interest margin | 2.60% | 2.47% | 2.61% | 2.17% |
| Operating expense as a % of net interest income and noninterest income | 50.95% | 36.17% | 41.77% | 33.73% |
| Net loan charge-offs as a % of average loans | 0.03% | 0.13% | 0.10% | 0.09% |
| Nonperforming assets as a % of loans and other property owned | 0.48% | 0.86% | 0.42% | 0.91% |
| Allowance for credit losses on loans as a % of loans | 0.34% | 0.23% | 0.33% | 0.65% |
| Capital-to-assets ratio | 13.11% | 14.74% | 12.05% | 11.95% |
| Capital and allowance for credit losses on loans as a % of loans | 16.73% | 17.88% | 14.93% | 16.30% |
| Debt to capital | 6.63:1 | 5.78:1 | 7.30:1 | 7.37:1 |
| December 31, 2023 | ||||
| Return 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 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 | 7.60:1 |
Source: Funding Corporation's 2024 Annual Information Statement (PDF)
