bob frazee chief executive officer founder of land grant college system

BOB FRAZEEChief 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 WHEELERChief Financial Officer

2011 FINANCIAL OVERVIEW

2007 2008 2009 2010 20118,400

8,600

8,800

9,000

9,200

9,400

9,600

9,800

8,935 8,900

9,162

9,416

9,682Chart Title

Number of Active Members

Loan Volume Outstanding (in billions)

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

2007 2008 2009 2010 2011

$2.00 $2.19

$2.29 $2.28 $2.17

Credit Quality

2007 2008 2009 2010 20110.0%

20.0%

40.0%

60.0%

80.0%

100.0%

97.4% 95.5% 93.0% 93.3% 94.4%

2011 Portfolio Concentrations

Other – 5% or less

Poultry 20%

Cash Grain/ Crops 23%Landlords/

Lessors10%

Dairy 10%Equine 9%

Nurseries/ Greenhouses

6%

Livestock/ Animal

Specialties 6%

Other 16%

Net Income (in millions)

$0.0

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

2007 2008 2009 2010 2011

$44.2$38.8

$32.3

$45.2$50.3

Net Income

Operating Efficiency

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

2007 2008 2009 2010 2011

38.0% 39.4%

45.0%

37.0% 35.5%

43.6% 42.5%47.3%

40.4% 42.5%

MAFC District

2011 Patronage

Cash $ 10,205,000 38.56 %

Allocated Surplus $ 0 0 %

Non-qualified Allocated Surplus $ 16,259,000 61.44 %

TOTAL $ 26,464,000 100.00 %

Total Patronage Paid

$19.6million returned in cash

$371million declared

Patronage since 1990

$249million returned

in cash

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