LOAN PORTFOLIO
Loan Portfolio
Total loans were $3.5 billion at December 31, 2015, an increase of $241.0 million from December 31, 2014.
Components of Loans
(in thousands)
As of December 31
Accrual loans:
Real estate mortgage
Production and intermediate term
Agribusiness
Other
Nonaccrual loans
Total loans
2015
2014
2013
$1,923,999
774,342
572,932
172,103
9,065
$1,758,386
767,791
528,292
143,245
13,693
$1,698,730
736,787
522,813
76,501
15,220
$3,452,441
$3,211,407
$3,050,051
The other category is primarily comprised of communication, energy, and other diversified industries in our capital markets portfolio.
The increase in total loans from December 31, 2014 resulted primarily from continued demand for productive crop land in our territory along with growth in
our capital markets portfolio.
We offer variable, fixed, capped, indexed, and adjustable interest rate loan programs to our borrowers. We also offer leases through Farm Credit Leasing.
We determine interest margins charged on each lending program based on cost of funds, credit risk, market conditions, and the need to generate sufficient
earnings.
As part of the AgriBank Asset Pool program, we have sold participation interests in real estate loans to AgriBank. The total participation interests in this
program were $170.5 million, $197.3 million, and $228.6 million at December 31, 2015, 2014, and 2013, respectively.
Portfolio Distribution
We are chartered to serve 102 counties in Missouri. Approximately 87.6% of our total loan portfolio was in H