CONSOLIDATED FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
FCS Financial, ACA
(dollars in thousands)
2018 2017 2016 2015 2014
$4,075,933
15,966 $3,819,508
15,915 $3,659,032
16,428 $3,452,441
15,887 $3,211,407
14,564
4,059,967 3,803,593 3,642,604 3,436,554 3,196,843
83,006
258 79,125
-- 77,179
1,067 75,579
510 74,575
136
As of December 31
Statement of Condition Data
Loans
Allowance for loan losses
Net loans
Investment in AgriBank, FCB
Other property owned
110,657 101,420 94,217 79,554 69,388
$4,253,888 $3,984,138 $3,815,067 $3,592,197 $3,340,942
$2,684,092
Other assets
Total assets
$64,580 $50,819 $3,061,327 $2,887,257 3,330,133 3,131,564 -- -- --
3,394,713 3,182,383 3,061,327 2,887,257 2,684,092
8
11,933
847,234 8
12,231
789,516 8
12,598
741,134 9
12,856
692,075 11
12,827
644,012
859,175 801,755 753,740 704,940 656,850
$4,253,888 $3,984,138 $3,815,067 $3,592,197 $3,340,942
2018 2017 2016 2015 2014
$99,033 $93,708 $90,043 $86,686 $83,279
--
17,312 --
23,566 1,000
27,477 500
25,603 $81,721 $70,142 $61,566 $60,583
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
Total liabilities and members' equity
For the year ended December 31
Statement of Income Data
Net interest income
Provision for (reversal of) loan losses
Other expenses, net
Net income
(2,500)
19,928
$65,851
Key Financial Ratios
For the Year
Return on average assets
Return on average members' equity
Net interest income as a percentage of average earning assets
Net (recoveries) charge-offs as a percentage of average loans 2.0%
9.9%
2.6%
(0.0%) 1.8%
9.0%
2.5%
0.0% 1.7%
8.4%
2.5%
0.0% 1.8%
8.9%
2.7%
(0.0%) 2.1%
10.5%
2.7%
0.0%
At Year End
Members' equity as a percentage of total assets 20.2% 20.1% 19.8% 19.6% 19.7%
0.4% 0.4% 0.4% 0.5% 0.5%
18.4%
18.4%
18.8%
18.5%
19.3% 18.2%
18.2%
18.6%
18.3%
19.1% N/A
N/A
N/A
N/A
N/A N/A
N/A
N/A
N/A
N/A N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A N/A
N/A
N/A 17.5%
17.2%
17.2% 17.5%
17.2%
17.2% 17.3%
16.9%
16.9%
$21,756
$ -- $12,512
$26 $12,512
$50 $10,016
$89 $8,569
$155
Allowance for loan losses as a percentage of loans
Capital ratios effective beginning January 1, 2017:
Common equity tier 1 ratio
Tier 1 capital ratio
Total capital ratio
Permanent capital ratio
Tier 1 leverage ratio
Capital ratios effective prior to 2017:
Permanent capital ratio
Total surplus ratio
Core surplus ratio
Net Income Distributed
For the Year
Patronage distributions:
Cash
Loans serviced for AgriBank, FCB
2