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Farmer Mac financial data

Print table
Financial data for Farmer Mac, 2020 to 2024
(Dollar amounts in millions)
Data type 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Total program volume 29,523.03 28,471.00 25,922.10 23,614.50 21,924.10
Core capital 1,501.17 1,452.00 1,322.80 1,200.60 1,006.60
Statutory minimum capital 917.7 862.6 805.9 713.8 680.9
Surplus over minimum capital 583.5 589.4 516.9 486.8 325.5
Regulatory capital held 1,526.46 1,470.00 1,340.00 1,217.00 1,024.00
Risk-based capital requirement 175.1 186.4 204.2 218.7 197.4
Regulatory surplus 1,351.39 1,283.90 1,135.80 998.3 826.6
GAAP net income available to common stock shareholders 180.4 172.8 151.0 107.6 89.2
Core earnings 171.6 171.2 124.3 113.6 100.6
90-day delinquencies 108.9 34.7 43.5 47.3 46.2
Substandard assets 409.5 186.0 209.4 269.5 291.5

 

Financial ratios for Farmer Mac, 2020 to 2024
Ratios 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Tier 1 capital 14.20% 15.40% 14.90% 14.70% 14.10%
Substandard assets/ Total program volume 1.39% 0.65% 0.81% 1.14% 1.33%
Past due > 90 days/ Total program volume 0.37% 0.12% 0.17% 0.20% 0.21%
Core return on average common equity 16.77% 19.00% 16.00% 16.00% 16.00%
Net effective spread (12-mo.) 1.15% 1.18% 1.02% 0.98% 0.93%
Page updated: June 24, 2025