CONSOLIDATED FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
FCS Financial, ACA
(dollars in thousands)
As of December 31
Statement of Condition Data
Loans
Allowance for loan losses
Net loans
2017 2016 2015 2014 2013
$3,819,508
15,915 $3,659,032
16,428 $3,452,441
15,887 $3,211,407
14,564 $3,050,051
16,937
3,803,593 3,642,604 3,436,554 3,196,843 3,033,114
79,125 77,179 75,579 74,575 81,041
-- 1,067 510 136 69
101,420 94,217 79,554 69,388 66,141
$3,984,138 $3,815,067 $3,592,197 $3,340,942 $3,180,365
$2,579,511
Investment in AgriBank, FCB
Other property owned
Other assets
Total assets
$50,819 $3,061,327 $2,887,257 $2,684,092 3,131,564 -- -- -- --
3,182,383 3,061,327 2,887,257 2,684,092 2,579,511
8
12,231 8
12,598 9
12,856 11
12,827 12
12,671
789,516 741,134 692,075 644,012 588,171
Obligations with maturities of one year or less
Obligations with maturities greater than one year
Total liabilities
Protected members' equity
Capital stock and participation certificates
Unallocated surplus
Total members' equity
801,755 753,740 704,940 656,850 600,854
$3,984,138 $3,815,067 $3,592,197 $3,340,942 $3,180,365
2017 2016 2015 2014 2013
$93,708 $90,043 $86,686 $83,279 $79,244
-- 1,000 500 23,566 27,477 $70,142 Return on average assets Return on average members' equity
Total liabilities and members' equity
For the year ended December 31
Statement of Income Data
Net interest income
(2,500) 1,000
25,603 19,928 17,652
$61,566 $60,583 $65,851 $60,592
1.8% 1.7% 1.8% 2.1% 2.0%
9.0% 8.4% 8.9% 10.5% 10.6%
Net interest income as a percentage of average earning assets 2.5% 2.5% 2.7% 2.7% 2.8%
Net charge-offs (recoveries) as a percentage of average loans 0.0% 0.0% (0.0%) 0.0% 0.1%
20.1% 19.8% 19.6% 19.7% 18.9%
0.4% 0.4% 0.5% 0.5% 0.6%
Permanent capital ratio 18.3% N/A N/A N/A N/A
Common equity tier 1 ratio 18.2% N/A N/A N/A N/A
Tier 1 capital ratio 18.2% N/A N/A N/A N/A
Total capital ratio 18.6% N/A N/A N/A N/A
Tier 1 leverage ratio 19.1% N/A N/A N/A N/A
Permanent capital ratio N/A 17.5% 17.5% 17.3% 16.2%
Total surplus ratio N/A 17.2% 17.2% 16.9% 15.8%
Core surplus ratio N/A 17.2% 17.2% 16.9% 15.8%
$12,512
$26 $12,512
$50 $10,016
$89 $8,569
$155 $9,020
$219
Provision for (reversal of) loan losses
Other expenses, net
Net income
Key Financial Ratios
For the Year
At Year End
Members' equity as a percentage of total assets
Allowance for loan losses as a percentage of loans
Capital ratios effective beginning January 1, 2017:
Capital ratios effective prior to 2017:
Net Income Distributed
For the Year
Patronage distributions:
Cash
Loans serviced for AgriBank, FCB
2