BOB FRAZEE Chief Executive Officer
Founder of Land Grant College System
Creation of the Farm Credit System
Crop Insurance
Mission Statement MidAtlantic Farm Credit is customer owned and customer focused. We work every day to: –Give our customers best-in-class solutions for their financial needs –Manage their association efficiently, safely, and soundly, –Be dependable, in good times and bad, for this and future generations.
JOHN WHEELER Chief Financial Officer
2011 FINANCIAL OVERVIEW
Number of Active Members
Loan Volume Outstanding (in billions)
Credit Quality
2011 Portfolio Concentrations Other – 5% or less
Net Income (in millions)
Operating Efficiency
2011 Patronage Cash$ 10,205, % Allocated Surplus$ 0 0 % Non-qualified Allocated Surplus$ 16,259, % TOTAL$ 26,464, %
Total Patronage Paid $19.6 million returned in cash
$371 million declared Patronage since 1990 $249 million returned in cash
Election Regions