performance
highlights

Steady net interest income, diversified revenue drive earnings

  • AgriBank net income increased more than 1.1 percent from the previous year to $569.6 million
  • Continued strong net income for AgriBank
  • Driven by steady net interest income and diversified revenue

Affiliated Association loan growth, wholesale lending boost AgriBank loan volume

  • Loan volume increased 5.3 percent from the previous year to $77.5 billion
  • Reflects growth in wholesale loans to affiliated Associations
  • Driven by growth in affiliated Associations meeting needs of farmers, ranchers and other customers

Disciplined expense management contributes to efficient growth

  • Bank net operating rate of 7.2 basis points
  • Improved from 7.3 basis points in 2013
  • Reflects focus on expense discipline while balancing investment in staffing, technology and processes

Customer-owners benefit from prudent leveraging of District capital

  • Total patronage increased to $337.6 million from $335.1 million
  • Consistent and dependable patronage to customer-owners
  • Driven by strong wholesale and AgDirect patronage

Overall District financial strength results in record earnings

  • District net income increased 3.2 percent to nearly $1.9 billion
  • All-time record net income for the District
  • Driven by increased net interest income and fee income