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
Election Regions