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 .................................................................................................................................................................. 10
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING ................................................................................................. 11
REPORT OF AUDIT COMMITTEE .......................................................................................................................................................... 12
REPORT OF INDEPENDENT AUDITORS .............................................................................................................................................. 13
CONSOLIDATED FINANCIAL STATEMENTS ........................................................................................................................................ 14
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ..................................................................................................................... 18
DISCLOSURE INFORMATION REQUIRED BY REGULATIONS ............................................................................................................ 34
YOUNG, BEGINNING, AND SMALL FARMERS AND RANCHERS ....................................................................................................... 39
FUNDS HELD PROGRAM ....................................................................................................................................................................... 40