TABLE OF CONTENTS
FCS Financial, ACA
MESSAGE FROM THE CHAIRPERSON OF THE BOARD AND CHIEF EXECUTIVE OFFICER ............................................................. 1
CONSOLIDATED FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA ........................................................................................ 2
MANAGEMENT’S DISCUSSION AND ANALYSIS .................................................................................................................................... 3
REPORT OF MANAGEMENT .................................................................................................................................................................. 11
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING .................................................................................................. 12
REPORT OF AUDIT COMMITTEE .......................................................................................................................................................... 13
REPORT OF INDEPENDENT AUDITORS .............................................................................................................................................. 14
CONSOLIDATED FINANCIAL STATEMENTS ........................................................................................................................................ 15
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ..................................................................................................................... 19
DISCLOSURE INFORMATION REQUIRED BY REGULATIONS ............................................................................................................ 37
YOUNG, BEGINNING, AND SMALL FARMERS AND RANCHERS ........................................................................................................ 43
FUNDS HELD PROGRAM ....................................................................................................................................................................... 44