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Industry Report Card: The Farm Credit System Remained Resilient Through Difficult Economic Conditions And Commodity Price Volatility In Third-Quarter 2010 Dec 10

  • ID: 2092005
  • December 2010
  • Standard & Poors
1 of 3

FEATURED COMPANIES

  • AgFirst Farm Credit Bank
  • Agribank FCB
  • CoBank ACB
  • Farm Credit System Banks
  • U.S. AgBank, FCB
  • MORE

Abstract
The Farm Credit System (System) has maintained a strong financial and operating profile throughout the current financial crisis, representing the collective resilience of its constituent banks and associations. The System's capital position and profitability metrics remain solid; however, asset quality has returned to more normalized levels after several exceptional years prior to 2008. The System continues to fulfill its mission of providing sound and dependable credit for domestic agricultural producers, cooperatives, and certain farm-related businesses. Profitability benefited as the banks called approximately $55 billion of debt for the nine months ended Sept. 30, 2010, and took advantage of the low interest rate environment. The System's third-quarter net interest margin (NIM) was 2.86%, a solid increase from 2.63% the previous year,...

Companies mentioned in this report are:
- CoBank ACB
- AgFirst Farm Credit Bank
- Farm Credit System Banks
- U.S. AgBank, FCB
- Agribank FCB

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- CoBank ACB
- AgFirst Farm Credit Bank
- Farm Credit System Banks
- U.S. AgBank, FCB
- Agribank FCB

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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