Farm Credit Bank of Texas Reports Third Quarter 2021 Financial Results


AUSTIN, Texas – Farm Credit Bank of Texas (FCBT) reported strong loan growth and credit quality in the third quarter of 2021.

Net income for the first nine months of 2021 totaled $186.8 million, an increase of 5.9% compared with the same period of 2020. Year-to-date net interest income totaled $271.7 million, an increase of 11.2% year over year.

Total loan volume increased 11.2% since the end of 2020 to $24.3 billion at Sept. 30, 2021. Total assets increased 11.1% over the same period to $31.4 billion. Credit quality remained strong, with 99.8% of loans classified as acceptable or special mention.

“The bank’s earnings continue to exceed expectations due to strong loan growth across our five-state territory,” said Amie Pala, FCBT chief executive officer. “Direct notes to our affiliated lending institutions increased by $2.3 billion since year-end. Our district’s strong economy and diverse agriculture industry have spurred high demand for agricultural and rural financing.”

As a cooperatively owned wholesale bank, Farm Credit Bank of Texas provides funding and support services to 14 Farm Credit cooperatives and two other financing institutions in Alabama, Louisiana, New Mexico, Mississippi and Texas. The bank also participates with other lenders in loans to agribusinesses and rural infrastructure providers.

“This has been a very good year so far for the bank, but every year has its challenges in agriculture and rural communities,” said FCBT Board Chair Jimmy Dodson. “By fulfilling Farm Credit’s mission, we ensure customers have access to the reliable credit they need to produce the nation’s food and fiber.”

At the end of the second quarter the bank had $2.1 billion in shareholders’ equity and a total capital ratio of 15.36%. Cash and investments totaled $6.6 billion, providing ample liquidity and exceeding regulatory requirements.

The bank is part of the Farm Credit System, a nationwide network of rural lending cooperatives established in 1916. The System reported combined net income of $1.8 billion and $5.2 billion for the three months and nine months ending Sept. 30, 2021, compared with $1.6 billion and $4.4 billion a year earlier.

These financial results are preliminary and unaudited. The bank will post its 2021 third quarter report at

Farm Credit Bank of Texas Financial Data - Q3, 2021
Farm Credit Bank of Texas Financial Data - Q3, 2021


Michael Bares
Communications Director
Corporate Communications

(512) 483-9203

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