Financial Highlights

These financial highlights reflect positive trends, including steady growth in capital and net income.  Earning Assets grew steadily from 2017 to 2020, but as is typical, Earning Assets show slow growth the first half of the year with most growth expected to occur during the second half of the year.

Financial Highlights ($ in millions)

2017 2018
2020 Q2 2021
Total Capital $2,080 $2,181
$2,387 $2,499
CET1 Ratio 13.3% 14.0%
13.9% 13.7%
Asset Quality
Earning Assets $9,679 $10,001
$11,904 $11,842
Nonearning Assets $117 $113
$100 $90
Net Income $220.0 $248.0
$296.4 $166.6
Operating Efficiency Ratio 27.7% 26.3% 25.6%
24.2% 24.1%

Annual Report to Shareholders

Quarterly Reports to Shareholders

Second Quarter 2021
First Quarter 2021
Third Quarter 2020
Second Quarter 2020
First Quarter 2020
Third Quarter 2019
Second Quarter 2019
First Quarter 2019

Looking for an older report? Contact us for a copy.

  • Patronage Callout

    What is Patronage?

    As a Farm Credit West borrower, you are a member of a cooperative and entitled to share in its financial success.

    Every year, Farm Credit West returns profits to customers - the owners - as patronage dividends, significantly reducing total borrowing costs. At each year end, the Board of Directors evaluates whether to retain Farm Credit West’s net income to strengthen our capital position or to distribute a portion of the net income to customers by declaring a qualified/cash patronage dividend. Whether it is distributed in cash, or maintained as retained earnings, since 2001 Farm Credit West has allocated 100% of its net income to its customers.