%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q /GS0 gs q 270.00 0 0 69.00 171.00 680.00 cm /I1 Do Q BT /F1 10.00 Tf ET BT /F2 20.00 Tf ET q 0 0 0 rg BT 122.80 644.00 Td (Farmer) Tj ET Q q 0 0 0 rg BT 187.95 644.00 Td ( Mac Reports Second Quarter) Tj ET Q q 0 0 0 rg BT 444.20 644.00 Td ( 2017 ) Tj ET Q BT /F2 20.00 Tf ET q 0 0 0 rg BT 232.35 614.00 Td (Financial Results) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 146.70 591.20 Td (Record Outstanding Business ) Tj ET Q q 0 0 0 rg BT 326.54 591.20 Td (V) Tj ET Q q 0 0 0 rg BT 335.37 591.20 Td (olume of $18.3 Billion) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 557.40 Td (W) Tj ET Q q 0 0 0 rg BT 95.50 557.40 Td (ASHINGT) Tj ET Q q 0 0 0 rg BT 147.94 557.40 Td (ON, ) Tj ET Q q 0 0 0 rg BT 170.61 557.40 Td (August 9, 2017) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 244.28 557.40 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 256.28 557.40 Td ( ) Tj ET Q q 0 0 0 rg BT 259.07 557.40 Td (The Federal ) Tj ET Q q 0 0 0 rg BT 319.04 557.40 Td (Agricultural Mortgage Corporation \(Farmer Mac; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 529.55 Td (NYSE: ) Tj ET Q q 0 0 0 rg BT 86.51 529.55 Td (AGM and ) Tj ET Q q 0 0 0 rg BT 137.17 529.55 Td (AGM.A\) today announced its results for the fiscal quarter ended June 30, 2017, which ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 501.70 Td (included $414.3 million in net new business volume growth that brought total outstanding business ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 473.85 Td (volume to $18.3 billion as of June 30, 2017. Farmer Mac's net income attributable to common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 446.00 Td (stockholders for second quarter 2017 was $17.5 million \($1.62 per diluted common share\), compared to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 418.20 Td ($18.6 million \($1.73per diluted common share\) in first quarter 2017 and $12.0 million \($1.13 per diluted ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 390.35 Td (common share\) in second quarter 2016. Farmer Mac's second quarter 2017 core earnings, a non-GAAP) Tj ET Q q 0 0 0 rg BT 547.40 390.35 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (measure, were $16.0million \($1.48 per diluted common share\), compared to $15.6 million \($1.45 per ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (diluted common share\) in first quarter 2017 and $13.0 million \($1.23 per diluted common share\) in second ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 306.85 Td (quarter 2016. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 279.00 Td ("W) Tj ET Q q 0 0 0 rg BT 100.76 279.00 Td (e are proud to report another strong quarter) Tj ET Q q 0 0 0 rg BT 307.20 279.00 Td (, as outstanding business volume reached a new ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 251.15 Td (record high of $18.3 billion and core earnings grew by 22 percent year) Tj ET Q q 0 0 0 rg BT 388.14 251.15 Td (-over) Tj ET Q q 0 0 0 rg BT 413.22 251.15 Td (-year) Tj ET Q q 0 0 0 rg BT 437.38 251.15 Td (," said President and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 223.30 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 142.58 223.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 167.34 223.30 Td (T) Tj ET Q q 0 0 0 rg BT 174.25 223.30 Td (im Buzby) Tj ET Q q 0 0 0 rg BT 220.47 223.30 Td (. "Our financial results reflect a continuation of the positive trends ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 195.45 Td (we've seen over the last several quarters, with new business volume growth, improvements in spreads, and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 167.65 Td (strong profitability) Tj ET Q q 0 0 0 rg BT 139.04 167.65 Td (. ) Tj ET Q q 0 0 0 rg BT 147.83 167.65 Td (The relative demand for our agricultural real estate financing products and solutions ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 139.80 Td (has increased significantly as more customers are recognizing the value Farmer Mac can provide and are ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 111.95 Td (choosing dif) Tj ET Q q 0 0 0 rg BT 108.94 111.95 Td (ferent products and solutions across our lines of business. ) Tj ET Q q 0 0 0 rg BT 391.01 111.95 Td (This growth reflects our team's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td (dedication to understanding our customers' needs and continuing to deliver upon our mission throughout ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 56.25 Td (agricultural economic cycles. Despite certain sectors of the agricultural economy remaining under ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (pressure, our credit quality remains favorable and within our expectations despite showing signs of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (expected normalization related to the current agricultural credit cycle. ) Tj ET Q q 0 0 0 rg BT 390.12 712.85 Td (W) Tj ET Q q 0 0 0 rg BT 400.48 712.85 Td (e believe our financial outlook is ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (strong as we continue to expand our customer base and innovate our product set to meet the needs of our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (customers in a more challenging environment.") Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 627.4720703125 m 96.181640625 627.4720703125 l s q 0 0 0 rg BT 49.50 629.35 Td (Earnings) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 601.50 Td (Farmer Mac's net income attributable to common stockholders for second quarter 2017 was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td ($17.5million \($1.62 per diluted common share\), compared to $12.0 million \($1.13 per diluted common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (share\) for second quarter 2016. ) Tj ET Q q 0 0 0 rg BT 204.89 545.80 Td (The $5.5 million increase compared to second quarter 2016 was driven by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (an increase in net interest income of $3.5 million, after) Tj ET Q q 0 0 0 rg BT 312.17 518.00 Td (-tax. ) Tj ET Q q 0 0 0 rg BT 339.16 518.00 Td (Also contributing to the year) Tj ET Q q 0 0 0 rg BT 476.89 518.00 Td (-over) Tj ET Q q 0 0 0 rg BT 501.97 518.00 Td (-year ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (increase was the ef) Tj ET Q q 0 0 0 rg BT 140.23 490.15 Td (fect of fair value changes on financial derivatives and hedged assets, which was a $1.4 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (million after) Tj ET Q q 0 0 0 rg BT 108.91 462.30 Td (-tax gain in second quarter 2017 compared to a $1.3 million after) Tj ET Q q 0 0 0 rg BT 421.24 462.30 Td (-tax loss in second quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td (2016. ) Tj ET Q q 0 0 0 rg BT 79.28 434.45 Td (The increase was of) Tj ET Q q 0 0 0 rg BT 174.69 434.45 Td (fset in part by a $0.8 million after) Tj ET Q q 0 0 0 rg BT 335.74 434.45 Td (-tax increase in non-interest expense primarily ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (attributable to higher compensation and employee benefits expenses. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 378.80 Td (Core earnings in second quarter 2017 were $16.0 million \($1.48 per diluted common share\), ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (compared to $15.6 million \($1.45 per diluted common share\) in first quarter 2017 and $13.0 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (\($1.23 per diluted common share\) in second quarter 2016. ) Tj ET Q q 0 0 0 rg BT 333.87 323.10 Td (The $0.4 million sequential increase in core ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (earnings was attributable to a $1.8 million after) Tj ET Q q 0 0 0 rg BT 276.53 295.25 Td (-tax increase in net ef) Tj ET Q q 0 0 0 rg BT 379.59 295.25 Td (fective spread and an increase in net ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (realized gains of $0.5 million after) Tj ET Q q 0 0 0 rg BT 215.20 267.40 Td (-tax on the sale of real estate owned properties. ) Tj ET Q q 0 0 0 rg BT 447.23 267.40 Td (The increase was of) Tj ET Q q 0 0 0 rg BT 542.63 267.40 Td (fset ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (in part by \(1\) a $0.8 million after) Tj ET Q q 0 0 0 rg BT 207.22 239.60 Td (-tax decrease in other income, primarily driven by a decrease in fees ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td (received upon the inception of swaps and \(2\) a $0.5 million decrease in tax benefits recognized from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (stock-based awards. Other of) Tj ET Q q 0 0 0 rg BT 189.23 183.90 Td (fsetting factors included: \(1\)a decrease of $0.2 million after) Tj ET Q q 0 0 0 rg BT 477.55 183.90 Td (-tax in guarantee ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (and commitment fees driven by the refinancing during second quarter 2017 of a $1.0 billion ) Tj ET Q q 0 0 0 rg BT 493.38 156.05 Td (AgV) Tj ET Q q 0 0 0 rg BT 515.38 156.05 Td (antage ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 128.20 Td (security reported as of) Tj ET Q q 0 0 0 rg BT 156.24 128.20 Td (f-balance sheet business volume in the Institutional Credit line of business upon ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 100.40 Td (which Farmer Mac previously earned a guarantee fee to an on-balance sheet asset upon which Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td (Mac earns interest income and \(2\) an increase of $0.2 million after) Tj ET Q q 0 0 0 rg BT 369.13 72.55 Td (-tax in compensation and employee ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (benefits expenses primarily due to higher payouts of variable incentive compensation during second ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (quarter 2017 resulting from actual performance exceeding certain performance tar) Tj ET Q q 0 0 0 rg BT 443.42 712.85 Td (get amounts.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 685.00 Td (The $3.0 million year) Tj ET Q q 0 0 0 rg BT 189.23 685.00 Td (-over) Tj ET Q q 0 0 0 rg BT 214.31 685.00 Td (-year increase in core earnings was primarily attributable to higher total ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (revenues, which included \(1\) a $3.0 million after) Tj ET Q q 0 0 0 rg BT 283.52 657.20 Td (-tax increase in net ef) Tj ET Q q 0 0 0 rg BT 386.58 657.20 Td (fective spread and \(2\) a $0.1 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (after) Tj ET Q q 0 0 0 rg BT 71.24 629.35 Td (-tax increase in guarantee and commitment fee income. Farmer Mac also realized net gains of $0.5 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (million after) Tj ET Q q 0 0 0 rg BT 108.91 601.50 Td (-tax in second quarter 2017 on the sale of real estate owned properties compared to no sales of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (real estate owned properties in second quarter 2016. Partially of) Tj ET Q q 0 0 0 rg BT 355.85 573.65 Td (fsetting the year) Tj ET Q q 0 0 0 rg BT 432.91 573.65 Td (-over) Tj ET Q q 0 0 0 rg BT 457.99 573.65 Td (-year increase was a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td ($0.7 million after) Tj ET Q q 0 0 0 rg BT 132.91 545.80 Td (-tax increase in compensation and employee benefit expenses due primarily to an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (increase in staf) Tj ET Q q 0 0 0 rg BT 121.25 518.00 Td (fing, related employee health insurance costs and benefits, and higher payouts of variable ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (incentive compensation resulting from actual performance exceeding certain performance tar) Tj ET Q q 0 0 0 rg BT 496.07 490.15 Td (get amounts.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 462.30 Td (See "Use of Non-GAAP) Tj ET Q q 0 0 0 rg BT 202.27 462.30 Td ( Measures" below for more information about core earnings, core earnings ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td (per share, and net ef) Tj ET Q q 0 0 0 rg BT 146.23 434.45 Td (fective spread and for a reconciliation of the comparable GAAP) Tj ET Q q 0 0 0 rg BT 452.66 434.45 Td ( measures to these ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 103.72 406.60 Td ( measures.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 370.9220703125 m 191.548828125 370.9220703125 l s q 0 0 0 rg BT 49.50 372.80 Td (Business ) Tj ET Q q 0 0 0 rg BT 96.30 372.80 Td (V) Tj ET Q q 0 0 0 rg BT 103.87 372.80 Td (olume Highlights) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 191.55 372.80 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 338.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 338.95 Td (During second quarter 2017, Farmer Mac added $1.9 billion of new business volume, compared to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td ($1.3 billion in second quarter 2016. Specifically) Tj ET Q q 0 0 0 rg BT 283.00 311.10 Td (, Farmer Mac:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 290.20 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 290.20 Td (purchased $1.3 billion of ) Tj ET Q q 0 0 0 rg BT 225.81 290.20 Td (AgV) Tj ET Q q 0 0 0 rg BT 247.82 290.20 Td (antage securities, including $36.7 million in ) Tj ET Q q 0 0 0 rg BT 461.12 290.20 Td (AgV) Tj ET Q q 0 0 0 rg BT 483.12 290.20 Td (antage ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 269.35 Td (securities for smaller institutional customers; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 248.45 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 248.45 Td (purchased $312.2 million of newly originated Farm & Ranch loans;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 227.60 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 227.60 Td (purchased $1) Tj ET Q q 0 0 0 rg BT 166.70 227.60 Td (15.8 million of USDA) Tj ET Q q 0 0 0 rg BT 273.38 227.60 Td ( Securities;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 206.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 206.70 Td (added $55.9 million of Farm & Ranch loans under L) Tj ET Q q 0 0 0 rg BT 355.02 206.70 Td (TSPCs;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 185.80 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 185.80 Td (issued $53.5 million of Farmer Mac Guaranteed USDA) Tj ET Q q 0 0 0 rg BT 369.45 185.80 Td ( Securities; and) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 164.95 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 164.95 Td (purchased $25.0 million of Rural Utilities loans.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 131.10 Td (After $1.4 billion of maturities and principal paydowns on existing business during second quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 103.25 Td (2017, Farmer Mac's outstanding business volume increased by $414.3 million from March 31, 2017 to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 75.40 Td ($18.3billion as of June 30, 2017. ) Tj ET Q q 0 0 0 rg BT 215.61 75.40 Td (The increase in Farmer Mac's outstanding business volume was driven ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (by broad-based portfolio growth across most of Farmer Mac's products and lines of business, including ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (Farm& Ranch loans, ) Tj ET Q q 0 0 0 rg BT 154.49 712.85 Td (AgV) Tj ET Q q 0 0 0 rg BT 176.49 712.85 Td (antage securities, USDA) Tj ET Q q 0 0 0 rg BT 294.13 712.85 Td ( Securities, and Rural Utilities loans. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 679.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 679.00 Td (In ) Tj ET Q q 0 0 0 rg BT 97.83 679.00 Td (April 2017, Farmer Mac purchased and retained $1.0 billion of ) Tj ET Q q 0 0 0 rg BT 402.42 679.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 424.42 679.00 Td (antage securities issued by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 651.20 Td (Metropolitan Life Insurance Company \("MetLife"\). MetLife used the proceeds from Farmer Mac's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 623.35 Td (purchase of $1.0 billion in ) Tj ET Q q 0 0 0 rg BT 178.15 623.35 Td (AgV) Tj ET Q q 0 0 0 rg BT 200.15 623.35 Td (antage securities to refinance an ) Tj ET Q q 0 0 0 rg BT 356.41 623.35 Td (AgV) Tj ET Q q 0 0 0 rg BT 378.41 623.35 Td (antage security of the same amount ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 595.50 Td (that matured in ) Tj ET Q q 0 0 0 rg BT 124.48 595.50 Td (April 2017. Previously) Tj ET Q q 0 0 0 rg BT 236.37 595.50 Td (, Farmer Mac held $30.0 million of the $1.0 billion ) Tj ET Q q 0 0 0 rg BT 484.00 595.50 Td (AgV) Tj ET Q q 0 0 0 rg BT 506.00 595.50 Td (antage ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.65 Td (security that matured in ) Tj ET Q q 0 0 0 rg BT 165.47 567.65 Td (April 2017 on-balance sheet and earned a spread between the interest income ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 539.80 Td (earned on that portion of the security and the related funding costs. ) Tj ET Q q 0 0 0 rg BT 376.52 539.80 Td (The remaining $970.0 million of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 512.00 Td ($1.0 billion ) Tj ET Q q 0 0 0 rg BT 107.17 512.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 129.18 512.00 Td (antage security that matured in ) Tj ET Q q 0 0 0 rg BT 279.46 512.00 Td (April 2017 had previously been sold to third parties and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 484.15 Td (reported as of) Tj ET Q q 0 0 0 rg BT 115.25 484.15 Td (f-balance sheet business volume in the Institutional Credit line of business on which Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 456.30 Td (Mac earned a guarantee fee of approximately 0.15 percent on an annual basis. For the newly purchased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 428.45 Td ($1.0 billion in ) Tj ET Q q 0 0 0 rg BT 119.51 428.45 Td (AgV) Tj ET Q q 0 0 0 rg BT 141.51 428.45 Td (antage securities, which are now held entirely on-balance sheet, Farmer Mac will earn ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 400.60 Td (weighted average net ef) Tj ET Q q 0 0 0 rg BT 163.55 400.60 Td (fective spread income of approximately 0.42 percent on an annual basis. ) Tj ET Q q 0 0 0 rg BT 516.54 400.60 Td (The ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 372.80 Td (newly purchased ) Tj ET Q q 0 0 0 rg BT 132.81 372.80 Td (AgV) Tj ET Q q 0 0 0 rg BT 154.81 372.80 Td (antage securities are comprised of three maturities $500.0 million of a one-year ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 344.95 Td (security) Tj ET Q q 0 0 0 rg BT 86.71 344.95 Td (, which is callable in six months, $250.0 million of a two-year security) Tj ET Q q 0 0 0 rg BT 424.86 344.95 Td (, and $250.0 million of a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (three-year security) Tj ET Q q 0 0 0 rg BT 138.33 317.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 283.25 Td (The new business volume in ) Tj ET Q q 0 0 0 rg BT 224.48 283.25 Td (AgV) Tj ET Q q 0 0 0 rg BT 246.49 283.25 Td (antage securities for second quarter 2017 also included purchases ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 255.40 Td (of $250.0 million from Rabo ) Tj ET Q q 0 0 0 rg BT 190.16 255.40 Td (Agrifinance, Inc. \("Rabo"\). ) Tj ET Q q 0 0 0 rg BT 326.69 255.40 Td (The ) Tj ET Q q 0 0 0 rg BT 347.68 255.40 Td (AgV) Tj ET Q q 0 0 0 rg BT 369.69 255.40 Td (antage securities purchased from Rabo ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 227.60 Td (in second quarter 2017 included $150.0 million in ) Tj ET Q q 0 0 0 rg BT 291.80 227.60 Td (AgV) Tj ET Q q 0 0 0 rg BT 313.80 227.60 Td (antage securities used to refinance ) Tj ET Q q 0 0 0 rg BT 480.73 227.60 Td (AgV) Tj ET Q q 0 0 0 rg BT 502.73 227.60 Td (antage ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 199.75 Td (securities that matured in second quarter 2017 and $50.0 million in ) Tj ET Q q 0 0 0 rg BT 373.43 199.75 Td (AgV) Tj ET Q q 0 0 0 rg BT 395.43 199.75 Td (antage securities that Rabo used to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 171.90 Td (refinance an ) Tj ET Q q 0 0 0 rg BT 110.79 171.90 Td (AgV) Tj ET Q q 0 0 0 rg BT 132.80 171.90 Td (antage security that matured in early July 2017. Farmer Mac also experienced net ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 144.05 Td (portfolio growth of $36.7 million in ) Tj ET Q q 0 0 0 rg BT 223.83 144.05 Td (AgV) Tj ET Q q 0 0 0 rg BT 245.83 144.05 Td (antage securities for smaller institutional customers in second ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 116.20 Td (quarter 2017. ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 739.0220703125 m 90.626953125 739.0220703125 l s q 0 0 0 rg BT 49.50 740.90 Td (Spr) Tj ET Q q 0 0 0 rg BT 67.96 740.90 Td (eads) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 707.05 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 707.05 Td (Net interest income was $39.7 million in second quarter 2017, compared to $34.4 million in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (second quarter 2016. In percentage terms, net interest income for second quarter 2017 was 0.95 percent, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (compared to 0.88 percent in second quarter 2016. ) Tj ET Q q 0 0 0 rg BT 292.87 651.40 Td (The $5.3 million year) Tj ET Q q 0 0 0 rg BT 396.60 651.40 Td (-over) Tj ET Q q 0 0 0 rg BT 421.68 651.40 Td (-year increase in net interest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 623.55 Td (income was driven by net growth in Farm & Ranch loans, USDA) Tj ET Q q 0 0 0 rg BT 362.79 623.55 Td ( Securities, and on-balance sheet ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 595.70 Td (AgV) Tj ET Q q 0 0 0 rg BT 71.50 595.70 Td (antage Securities. ) Tj ET Q q 0 0 0 rg BT 161.47 595.70 Td (Another factor contributing to the increase was the incremental ef) Tj ET Q q 0 0 0 rg BT 476.79 595.70 Td (fect of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.85 Td (Federal Reserve's decision to raise the tar) Tj ET Q q 0 0 0 rg BT 248.04 567.85 Td (get range for the federal funds rate in December 2016, March ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td (2017, and June 2017, which af) Tj ET Q q 0 0 0 rg BT 196.25 540.00 Td (fected assets and liabilities indexed to LIBOR. ) Tj ET Q q 0 0 0 rg BT 425.20 540.00 Td (An increase in the net ef) Tj ET Q q 0 0 0 rg BT 541.93 540.00 Td (fect ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 512.20 Td (of consolidated trusts resulting from an increase in securitization of Farm & Ranch loans throughout 2016 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 484.35 Td (and the first six months of 2017 also contributed to the year) Tj ET Q q 0 0 0 rg BT 335.54 484.35 Td (-over) Tj ET Q q 0 0 0 rg BT 360.62 484.35 Td (-year increase in net interest income. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 456.50 Td (Farmer Mac earns the dif) Tj ET Q q 0 0 0 rg BT 170.57 456.50 Td (ference between the interest income recognized on loans in consolidated trusts ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 428.65 Td (and the related interest expense recognized on debt securities of consolidated trusts held by third parties. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (The increase in net interest income was of) Tj ET Q q 0 0 0 rg BT 251.54 400.80 Td (fset in part by an increase in the application of hedge ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 373.00 Td (accounting, as funding expense from financial derivatives designated in hedge accounting relationships is ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 345.15 Td (included in net interest income and a decrease in the amount of cash basis interest income recognized on ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 317.30 Td (nonaccrual Farm & Ranch loans. ) Tj ET Q q 0 0 0 rg BT 210.57 317.30 Td (The 7 basis point year) Tj ET Q q 0 0 0 rg BT 316.30 317.30 Td (-over) Tj ET Q q 0 0 0 rg BT 341.38 317.30 Td (-year increase in net interest income in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 289.45 Td (percentage terms was primarily attributable to a reduction in the average balance of lower) Tj ET Q q 0 0 0 rg BT 480.07 289.45 Td (-earning cash ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 261.60 Td (and cash equivalents.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 227.80 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 227.80 Td (Farmer Mac's net ef) Tj ET Q q 0 0 0 rg BT 181.07 227.80 Td (fective spread, a non-GAAP) Tj ET Q q 0 0 0 rg BT 316.58 227.80 Td ( measure, was $35.6 million in second quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 199.95 Td (2017, compared to $32.9 million in first quarter 2017 and $31.0 million in second quarter 2016. In ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (percentage terms, net ef) Tj ET Q q 0 0 0 rg BT 163.89 172.10 Td (fective spread for second quarter 2017 was 0.92 percent, compared to 0.91 percent ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 144.25 Td (in first quarter 2017 and 0.84 percent in second quarter 2016. Farmer Mac uses net ef) Tj ET Q q 0 0 0 rg BT 458.82 144.25 Td (fective spread as an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 116.40 Td (alternative measure to net interest income because management believes it is a useful metric that reflects ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 88.60 Td (the economics of the net spread between all the assets owned by Farmer Mac and all related funding, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 60.75 Td (including any associated derivatives, some of which may not be included in net interest income.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 740.70 Td (The $2.7 million sequential increase in net ef) Tj ET Q q 0 0 0 rg BT 301.88 740.70 Td (fective spread in dollars was primarily attributable to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (\(1\) growth in on-balance sheet ) Tj ET Q q 0 0 0 rg BT 198.45 712.85 Td (AgV) Tj ET Q q 0 0 0 rg BT 220.45 712.85 Td (antage securities, Farm & Ranch loans, and other business volume, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (which increased net ef) Tj ET Q q 0 0 0 rg BT 156.90 685.00 Td (fective spread by approximately $2.0 million; and \(2\) changes in Farmer Mac's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (funding strategies and LIBOR-based short-term funding costs for floating rate assets indexed to LIBOR ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (that remained favorable throughout most of second quarter 2017, which added approximately $0.7 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (million. ) Tj ET Q q 0 0 0 rg BT 89.95 601.50 Td (The one basis point sequential increase in net ef) Tj ET Q q 0 0 0 rg BT 319.66 601.50 Td (fective spread in percentage terms was primarily ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (attributable to the ef) Tj ET Q q 0 0 0 rg BT 146.24 573.65 Td (fects of the changes in Farmer Mac's funding strategy noted above and a favorable ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (LIBOR-based funding market, which added approximately 2 basis points. ) Tj ET Q q 0 0 0 rg BT 406.88 545.80 Td (This increase was of) Tj ET Q q 0 0 0 rg BT 504.96 545.80 Td (fset in part ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (by the ef) Tj ET Q q 0 0 0 rg BT 91.27 518.00 Td (fect of the refinancing of a $1.0 billion ) Tj ET Q q 0 0 0 rg BT 279.54 518.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 301.54 518.00 Td (antage security into three new on-balance sheet ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (AgV) Tj ET Q q 0 0 0 rg BT 71.50 490.15 Td (antage securities as described above, which resulted in an average spread that was less than the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (overall average net ef) Tj ET Q q 0 0 0 rg BT 152.88 462.30 Td (fective spread in percentage terms.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 434.45 Td (The $4.6 million year) Tj ET Q q 0 0 0 rg BT 189.23 434.45 Td (-over) Tj ET Q q 0 0 0 rg BT 214.31 434.45 Td (-year increase in net ef) Tj ET Q q 0 0 0 rg BT 323.36 434.45 Td (fective spread in dollars was primarily ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (attributable to \(1\)growth in on-balance sheet ) Tj ET Q q 0 0 0 rg BT 268.43 406.60 Td (AgV) Tj ET Q q 0 0 0 rg BT 290.43 406.60 Td (antage securities, Farm & Ranch loans, and other ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (business volume, which increased net ef) Tj ET Q q 0 0 0 rg BT 242.56 378.80 Td (fective spread by approximately $3.4 million; and \(2\) changes in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (Farmer Mac's funding strategies and LIBOR-based short-term funding costs for floating rate assets ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (indexed to LIBOR that remained favorable throughout most of second quarter 2017, which added ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (approximately $2.0 million. ) Tj ET Q q 0 0 0 rg BT 189.26 295.25 Td (The increase was of) Tj ET Q q 0 0 0 rg BT 284.67 295.25 Td (fset in part by a decrease in the amount of cash basis ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (interest income recognized on nonaccrual Farm & Ranch loans, which reduced net ef) Tj ET Q q 0 0 0 rg BT 458.13 267.40 Td (fective spread by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td ($0.8 million. ) Tj ET Q q 0 0 0 rg BT 113.95 239.60 Td (The 8 basis point year) Tj ET Q q 0 0 0 rg BT 219.69 239.60 Td (-over) Tj ET Q q 0 0 0 rg BT 244.76 239.60 Td (-year increase in net ef) Tj ET Q q 0 0 0 rg BT 353.81 239.60 Td (fective spread in percentage terms was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td (primarily attributable to a significant reduction in the average balance of cash and cash equivalents, which ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (added approximately 5 basis points to net ef) Tj ET Q q 0 0 0 rg BT 260.90 183.90 Td (fective spread. ) Tj ET Q q 0 0 0 rg BT 336.20 183.90 Td (Also contributing to the increase were the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (ef) Tj ET Q q 0 0 0 rg BT 58.61 156.05 Td (fects of the changes in Farmer Mac's funding strategy and a favorable LIBOR-based funding market, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 128.20 Td (which added approximately 5 basis points. ) Tj ET Q q 0 0 0 rg BT 256.91 128.20 Td (The increase in percentage terms was of) Tj ET Q q 0 0 0 rg BT 449.27 128.20 Td (fset in part by a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 100.40 Td (decrease in the amount of cash basis interest income recognized on nonaccrual Farm & Ranch loans, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td (which reduced net ef) Tj ET Q q 0 0 0 rg BT 149.57 72.55 Td (fective spread by approximately 2 basis points.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 739.0220703125 m 82.60546875 739.0220703125 l s q 0 0 0 rg BT 49.50 740.90 Td (Cr) Tj ET Q q 0 0 0 rg BT 63.28 740.90 Td (edit) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 82.61 740.90 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 707.05 Td (In the Farm & Ranch portfolio, 90-day delinquencies were $41.9 million \(0.65 percent of the Farm ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (& Ranch portfolio\) as of June 30, 2017, compared to $21.0 million \(0.34 percent\) as of December 31, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (2016 and $22.1 million \(0.38 percent of the Farm & Ranch portfolio\) as of June 30, 2016. ) Tj ET Q q 0 0 0 rg BT 486.54 651.40 Td (Those 90-day ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 623.55 Td (delinquencies were comprised of 42 delinquent loans as of June 30, 2017, compared with 38 delinquent ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 595.70 Td (loans as of December 31, 2016 and 40 delinquent loans as of June 30, 2016. More than half of the net ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.85 Td (increase in Farmer Mac's 90-day delinquencies as a percentage of its Farm & Ranch portfolio from year) Tj ET Q q 0 0 0 rg BT 547.91 567.85 Td (-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td (end resulted from the delinquency of a single borrower on two permanent planting loans to which Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 512.20 Td (Mac had $15.4 million of exposure as of June 30, 2017. ) Tj ET Q q 0 0 0 rg BT 322.90 512.20 Td (That delinquency was due to factors specific to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 484.35 Td (the borrower and not related to macroeconomic factors in the agricultural economy) Tj ET Q q 0 0 0 rg BT 447.56 484.35 Td (. Farmer Mac believes ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 456.50 Td (that it remains adequately collateralized on these loans. Farmer Mac expects that over time its 90-day ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 428.65 Td (delinquency rate will eventually revert closer to, and possibly exceed, Farmer Mac's historical average due ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (to macroeconomic factors and the cyclical nature of the agricultural economy) Tj ET Q q 0 0 0 rg BT 420.56 400.80 Td (. Farmer Mac's average 90-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 373.00 Td (day delinquency rate for the Farm & Ranch line of business over the last fifteen years is approximately ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 345.15 Td (one percent. ) Tj ET Q q 0 0 0 rg BT 113.92 345.15 Td (The highest 90-day delinquency rate observed during that period occurred in 2009 at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 317.30 Td (approximately 2 percent, which coincided with increased delinquencies in loans within Farmer Mac's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 289.45 Td (then-held ethanol portfolio that Farmer Mac no longer holds. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 255.60 Td (For Farmer Mac's other lines of business, there are currently no delinquent ) Tj ET Q q 0 0 0 rg BT 445.90 255.60 Td (AgV) Tj ET Q q 0 0 0 rg BT 467.90 255.60 Td (antage securities or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 227.80 Td (Rural Utilities loans held or underlying L) Tj ET Q q 0 0 0 rg BT 247.03 227.80 Td (TSPCs, and USDA) Tj ET Q q 0 0 0 rg BT 338.72 227.80 Td ( Securities are backed by the full faith and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 199.95 Td (credit of the United States. ) Tj ET Q q 0 0 0 rg BT 183.13 199.95 Td (As a result, across all of Farmer Mac's lines of business, 90-day delinquencies ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (represented 0.23 percent of total business volume as of June 30, 2017, compared to 0.12 percent as of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 144.25 Td (December 31, 2016 and 0.13 percent as of the year) Tj ET Q q 0 0 0 rg BT 293.50 144.25 Td (-ago quarter) Tj ET Q q 0 0 0 rg BT 351.13 144.25 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 116.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 116.40 Td (Another indicator that Farmer Mac considers in analyzing the credit quality of its Farm & Ranch ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 88.60 Td (portfolio is the level of internally-rated "substandard" assets, both in dollars and as a percentage of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 60.75 Td (outstanding Farm & Ranch portfolio. ) Tj ET Q q 0 0 0 rg BT 233.15 60.75 Td (Assets categorized as "substandard" have a well-defined weakness ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (or weaknesses, and there is a distinct possibility that some loss will be sustained if deficiencies are not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (corrected. ) Tj ET Q q 0 0 0 rg BT 102.47 712.85 Td (As of June30, 2017, Farmer Mac's substandard assets were $192.1 million \(3.0 percent of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (Farm& Ranch portfolio\), compared to $165.2 million \(2.7 percent of the Farm& Ranch portfolio\) as of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (December31, 2016. ) Tj ET Q q 0 0 0 rg BT 152.58 657.20 Td (Those substandard assets were comprised of 287 loans as of both June30, 2017 and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 152.58 629.35 Td (The $26.9 million increase from year) Tj ET Q q 0 0 0 rg BT 330.95 629.35 Td (-end 2016 was primarily driven by credit ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (downgrades in loans underlying L) Tj ET Q q 0 0 0 rg BT 212.37 601.50 Td (TSPCs. Farmer Mac expects that over time its substandard asset rate ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (will eventually revert closer to, and possibly exceed, Farmer Mac's historical average due to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (macroeconomic factors and the cyclical nature of the agricultural economy) Tj ET Q q 0 0 0 rg BT 408.22 545.80 Td (. Farmer Mac's average ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (substandard assets as a percentage of its Farm & Ranch portfolio over the last 15 years is approximately 4 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (percent. ) Tj ET Q q 0 0 0 rg BT 93.59 490.15 Td (The highest substandard asset rate observed during that period occurred in 2010 at approximately ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (8 percent, which coincided with an increase in substandard loans within Farmer Mac's then-held ethanol ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td (portfolio that Farmer Mac no longer holds. If Farmer Mac's substandard asset rate continues to increase ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (from current levels, it is likely that Farmer Mac's provision to the allowance for loan losses and the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (reserve for losses will also increase. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 350.95 Td (Although some credit losses are inherent to the business of agricultural lending, Farmer Mac ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (believes that any losses associated with the current agricultural credit cycle will be moderated by the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (strength and diversity of its portfolio, which Farmer Mac believes is adequately collateralized. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 265.5220703125 m 137.525390625 265.5220703125 l s q 0 0 0 rg BT 49.50 267.40 Td (Lines of Business) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 233.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 233.60 Td (Farmer Mac's operations consist of four lines of business Farm & Ranch, USDA) Tj ET Q q 0 0 0 rg BT 480.28 233.60 Td ( Guarantees, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 205.75 Td (Rural Utilities, and Institutional Credit. Net interest income by business segment for second quarter 2017 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 177.90 Td (was $13.3 million \(143 basis points\) for Farm & Ranch, $5.2 million \(99 basis points\) for USDA) Tj ET Q q 0 0 0 rg BT 514.48 177.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 150.05 Td (Guarantees, $3.0 million \(1) Tj ET Q q 0 0 0 rg BT 180.69 150.05 Td (19 basis points\) for Rural Utilities, and $15.4 million \(87 basis points\) for ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 122.20 Td (Institutional Credit. Net ef) Tj ET Q q 0 0 0 rg BT 178.92 122.20 Td (fective spread by business segment for second quarter 2017 was $1) Tj ET Q q 0 0 0 rg BT 501.05 122.20 Td (1.3 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 94.40 Td (\(180 basis points\) for Farm& Ranch, $4.7 million \(90 basis points\) for USDA) Tj ET Q q 0 0 0 rg BT 425.14 94.40 Td ( Guarantees, $2.7 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 66.55 Td (\(109 basis points\) for Rural Utilities, and $14.4 million \(81 basis points\) for Institutional Credit. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 739.0220703125 m 160.875 739.0220703125 l s q 0 0 0 rg BT 49.50 740.90 Td (Liquidity and Capital) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 707.05 Td (Farmer Mac's core capital totaled $638.5 million as of June 30, 2017, exceeding the statutory ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (minimum capital requirement by $134.1 million, or 27 percent, compared to $609.7 million as of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (December31, 2016, which was $143.2 million, or 31 percent, above the statutory minimum capital ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 623.55 Td (requirement. ) Tj ET Q q 0 0 0 rg BT 116.26 623.55 Td (The decrease in capital in excess of the minimum capital level was due primarily to an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 595.70 Td (increase in minimum capital required to support the growth of on-balance sheet assets during the first half ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.85 Td (of 2017, which was of) Tj ET Q q 0 0 0 rg BT 156.26 567.85 Td (fset in part by an increase in retained earnings. In particular) Tj ET Q q 0 0 0 rg BT 444.33 567.85 Td (, the refinancing of a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td ($1.0 billion ) Tj ET Q q 0 0 0 rg BT 107.17 540.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 129.18 540.00 Td (antage security that matured in ) Tj ET Q q 0 0 0 rg BT 279.46 540.00 Td (April 2017 into three new on-balance sheet ) Tj ET Q q 0 0 0 rg BT 489.06 540.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 511.06 540.00 Td (antage ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 512.20 Td (securities significantly increased Farmer Mac's on-balance sheet assets because $970 million of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 484.35 Td (refinanced security was previously held by third party investors and reported as of) Tj ET Q q 0 0 0 rg BT 443.83 484.35 Td (f-balance sheet business ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 456.50 Td (volume.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 422.65 Td (As of June 30, 2017, Farmer Mac's total stockholders' equity was $680.9 million, compared to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 394.80 Td ($643.4 million as of December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 252.25 394.80 Td (The increase in total stockholders' equity was a result of an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 367.00 Td (increase in retained earnings and accumulated other comprehensive income. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 333.15 Td (As prescribed by FCA) Tj ET Q q 0 0 0 rg BT 192.49 333.15 Td ( regulations, Farmer Mac is required to maintain a minimum of 90days of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 305.30 Td (liquidity) Tj ET Q q 0 0 0 rg BT 89.39 305.30 Td (. In accordance with the methodology prescribed by those regulations, Farmer Mac maintained an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 277.45 Td (average of 200days of liquidity duringsecond quarter 2017 and had 208days of liquidity as of June 30, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 249.60 Td (2017. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 213.92207031249995 m 194.9296875 213.92207031249995 l s q 0 0 0 rg BT 49.50 215.80 Td (Use of Non-GAAP) Tj ET Q q 0 0 0 rg BT 142.83 215.80 Td ( Measur) Tj ET Q q 0 0 0 rg BT 184.93 215.80 Td (es) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 187.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 187.95 Td (In the analysis of its financial information, Farmer Mac sometimes uses "non-GAAP) Tj ET Q q 0 0 0 rg BT 491.87 187.95 Td ( measures," ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (which are measures of financial performance that are not presented in accordance with generally accepted ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 132.25 Td (accounting principles in the United States \(GAAP\). Specifically) Tj ET Q q 0 0 0 rg BT 358.98 132.25 Td (, Farmer Mac uses the following non-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 104.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 81.73 104.40 Td ( measures: "core earnings," "core earnings per share," and "net ef) Tj ET Q q 0 0 0 rg BT 394.54 104.40 Td (fective spread." Farmer Mac uses ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 76.60 Td (these non-GAAP) Tj ET Q q 0 0 0 rg BT 131.38 76.60 Td ( measures to measure corporate economic performance and develop financial plans ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 48.75 Td (because, in management's view) Tj ET Q q 0 0 0 rg BT 199.49 48.75 Td (, they are useful alternative measures in understanding FarmerMac's ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (economic performance, transaction economics, and business trends. ) Tj ET Q q 0 0 0 rg BT 380.84 740.70 Td (The non-GAAP) Tj ET Q q 0 0 0 rg BT 456.72 740.70 Td ( financial measures ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (that Farmer Mac uses may not be comparable to similarly labeled non-GAAP) Tj ET Q q 0 0 0 rg BT 421.29 712.85 Td ( financial measures disclosed ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (by other companies. Farmer Mac's disclosure of these non-GAAP) Tj ET Q q 0 0 0 rg BT 367.81 685.00 Td ( measures is intended to be ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (supplemental in nature, and is not meant to be considered in isolation from, as a substitute for) Tj ET Q q 0 0 0 rg BT 498.25 657.20 Td (, or as more ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (important than, the related financial information prepared in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 453.69 629.35 Td (. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (Cor) Tj ET Q q 0 0 0 rg BT 67.73 601.50 Td (e Earnings and Cor) Tj ET Q q 0 0 0 rg BT 162.29 601.50 Td (e Earnings per Shar) Tj ET Q q 0 0 0 rg BT 258.84 601.50 Td (e) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 573.65 Td (Core earnings and core earnings per share principally dif) Tj ET Q q 0 0 0 rg BT 357.84 573.65 Td (fer from net income attributable to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (common stockholders and earnings per common share, respectively) Tj ET Q q 0 0 0 rg BT 373.96 545.80 Td (, by excluding the ef) Tj ET Q q 0 0 0 rg BT 472.04 545.80 Td (fects of fair value ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 111.94 518.00 Td (These fluctuations are not expected to have a cumulative net impact on Farmer Mac's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (financial condition or results of operations reported in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 424.94 490.15 Td ( if the related financial ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (instruments are held to maturity) Tj ET Q q 0 0 0 rg BT 202.02 462.30 Td (, as is expected. ) Tj ET Q q 0 0 0 rg BT 283.00 462.30 Td (Among other items, these fair value fluctuations have ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td (included unrealized gains or losses on financial derivatives and hedging activities. ) Tj ET Q q 0 0 0 rg BT 446.50 434.45 Td (V) Tj ET Q q 0 0 0 rg BT 453.83 434.45 Td (ariation mar) Tj ET Q q 0 0 0 rg BT 511.92 434.45 Td (gin is ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (exchanged between Farmer Mac and its counterparties on both its cleared and non-cleared derivatives ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (portfolios. Prior to first quarter 2017, Farmer Mac accounted for variation mar) Tj ET Q q 0 0 0 rg BT 425.50 378.80 Td (gin as collateral and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (associated unrealized gains or losses on its centrally cleared derivative contracts. However) Tj ET Q q 0 0 0 rg BT 483.52 350.95 Td (, beginning in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (first quarter 2017, the variation mar) Tj ET Q q 0 0 0 rg BT 220.56 323.10 Td (gin amounts exchanged between Farmer Mac and its counterparties on ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (cleared derivatives are considered as settlement rather than collateral as a result of a change in variation ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (mar) Tj ET Q q 0 0 0 rg BT 67.94 267.40 Td (gin rules implemented by the Chicago Mercantile Exchange \("CME"\), the central clearinghouse used ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (by Farmer Mac. Specifically) Tj ET Q q 0 0 0 rg BT 189.01 239.60 Td (, ef) Tj ET Q q 0 0 0 rg BT 204.11 239.60 Td (fective January 3, 2017, CME began to deem the exchange of variation ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td (mar) Tj ET Q q 0 0 0 rg BT 67.94 211.75 Td (gin between derivatives counterparties as a partial settlement of each respective derivative contract ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (rather than as collateral pledged by a counterparty) Tj ET Q q 0 0 0 rg BT 288.94 183.90 Td (. ) Tj ET Q q 0 0 0 rg BT 297.28 183.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 356.48 183.90 Td (, beginning in first quarter 2017, Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (Mac presents its cleared derivatives portfolio net of variation mar) Tj ET Q q 0 0 0 rg BT 363.50 156.05 Td (gin payments on its consolidated balance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 128.20 Td (sheets and recognizes realized gains or losses as a result of these payments on its consolidated statements ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 100.40 Td (of operations. However) Tj ET Q q 0 0 0 rg BT 164.98 100.40 Td (, Farmer Mac believes that even though these variation mar) Tj ET Q q 0 0 0 rg BT 450.00 100.40 Td (gin amounts are ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td (accounted for as realized gains or losses on financial derivatives and hedging activities as a result of the ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (CME rule change, the economic character of these transactions remains the same as they were before the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (change. ) Tj ET Q q 0 0 0 rg BT 89.26 712.85 Td (The exchange of variation mar) Tj ET Q q 0 0 0 rg BT 236.31 712.85 Td (gin, whether considered a partial settlement of or the pledge of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (collateral under a derivatives contract, is not expected to have a cumulative net impact on Farmer Mac's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (financial condition or results of operations reported in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 424.94 657.20 Td ( because the related ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (financial instruments are expected to be held to maturity) Tj ET Q q 0 0 0 rg BT 319.29 629.35 Td (. ) Tj ET Q q 0 0 0 rg BT 328.08 629.35 Td (Therefore, beginning in first quarter 2017, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (Farmer Mac excludes the ef) Tj ET Q q 0 0 0 rg BT 183.22 601.50 Td (fects of realized gains or losses resulting from the exchange of variation ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (mar) Tj ET Q q 0 0 0 rg BT 67.94 573.65 Td (gin on its cleared derivatives portfolio in its calculations of core earnings and core earnings per share ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (to present them on a consistent basis with quarters prior to 2017.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 518.00 Td (Core earnings and core earnings per share also dif) Tj ET Q q 0 0 0 rg BT 325.19 518.00 Td (fer from net income attributable to common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (stockholders and earnings per common share, respectively) Tj ET Q q 0 0 0 rg BT 328.96 490.15 Td (, by excluding specified infrequent or unusual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (transactions that Farmer Mac believes are not indicative of future operating results and that may not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td (reflect the trends and economic financial performance of Farmer Mac's core business. For example, the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (loss from retirement of the Farmer Mac II LLC Preferred Stock in first quarter 2015 was excluded from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (core earnings and core earnings per share because it was not a frequently occurring transaction and not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (indicative of future operating results. ) Tj ET Q q 0 0 0 rg BT 232.89 350.95 Td (This is also consistent with Farmer Mac's previous treatment of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (these types of origination costs associated with securities underwriting that are capitalized and deferred ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (during the life of the security) Tj ET Q q 0 0 0 rg BT 188.34 295.25 Td (. For a reconciliation of Farmer Mac's net income attributable to common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (stockholders to core earnings and of earnings per common share to core earnings per share, see the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td ("Reconciliations" section below) Tj ET Q q 0 0 0 rg BT 202.48 239.60 Td (.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 210.80 Td (Net Effective Spr) Tj ET Q q 0 0 0 rg BT 130.36 210.80 Td (ead) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 182.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 182.95 Td (Farmer Mac uses net ef) Tj ET Q q 0 0 0 rg BT 197.91 182.95 Td (fective spread to measure the net spread Farmer Mac earns between its ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (interest-earning assets and the related net funding costs of these assets. Net ef) Tj ET Q q 0 0 0 rg BT 424.49 155.10 Td (fective spread dif) Tj ET Q q 0 0 0 rg BT 507.57 155.10 Td (fers from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 127.25 Td (net interest income and net interest yield because it excludes \(1\) the amortization of premiums and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 99.40 Td (discounts on assets consolidated at fair value that are amortized as adjustments to yield in interest income ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 71.60 Td (over the contractual or estimated remaining lives of the underlying assets, and \(2\) interest income and ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (interest expense related to consolidated trusts with beneficial interests owned by third parties, which are ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (presented on Farmer Mac's consolidated balance sheets as "Loans held for investment in consolidated ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (trusts, at amortized cost." Farmer Mac excludes from net ef) Tj ET Q q 0 0 0 rg BT 337.42 685.00 Td (fective spread premiums and discounts on ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (assets consolidated at fair value because they either do not reflect actual cash premiums paid for the assets ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (at acquisition or are not expected to have an economic ef) Tj ET Q q 0 0 0 rg BT 322.50 629.35 Td (fect on Farmer Mac's financial performance if the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (assets are held to maturity) Tj ET Q q 0 0 0 rg BT 174.02 601.50 Td (, as is expected. Farmer Mac also excludes from net ef) Tj ET Q q 0 0 0 rg BT 435.04 601.50 Td (fective spread the interest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (income and interest expense associated with the consolidated trusts and the average balance of the loans ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (underlying these trusts to reflect management's view that the net interest income Farmer Mac earns on the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (related Farmer Mac Guaranteed Securities owned by third parties is ef) Tj ET Q q 0 0 0 rg BT 386.49 518.00 Td (fectively a guarantee fee. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 108.70 490.15 Td (, the excluded interest income and interest expense associated with consolidated trusts is ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (reclassified to guarantee and commitment fees for purposes of determining Farmer Mac's core earnings.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 434.45 Td (Net ef) Tj ET Q q 0 0 0 rg BT 114.93 434.45 Td (fective spread also principally dif) Tj ET Q q 0 0 0 rg BT 275.32 434.45 Td (fers from net interest income and net interest yield because ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (it includes the accrual of income and expense related to the contractual amounts due on financial ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (derivatives that are not designated in hedge accounting relationships \("undesignated financial ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (derivatives"\). Farmer Mac uses interest rate swaps to manage its interest rate risk exposure by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (synthetically modifying the interest rate reset or maturity characteristics of certain assets and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (liabilities.) Tj ET Q q 0 0 0 rg BT 102.94 295.25 Td (The accrual of the contractual amounts due on interest rate swaps designated in hedge ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (accounting relationships is included as an adjustment to the yield or cost of the hedged item and is ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (included in net interest income. For undesignated financial derivatives, Farmer Mac records the income or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td (expense related to the accrual of the contractual amounts due in "Gains/\(losses\) on financial derivatives ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (and hedging activities" on the consolidated statements of operations.However) Tj ET Q q 0 0 0 rg BT 428.15 183.90 Td (, the accrual of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (contractual amounts due for undesignated financial derivatives are included in Farmer Mac's calculation of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 128.20 Td (net ef) Tj ET Q q 0 0 0 rg BT 76.27 128.20 Td (fective spread, which is intended to reflect management's view of the net spread between an asset ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 100.40 Td (and all of its related funding, including any associated derivatives, whether or not they are in a hedge ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td (accounting relationship. For a reconciliation of net interest income and net interest yield to net ef) Tj ET Q q 0 0 0 rg BT 517.46 72.55 Td (fective ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (spread, see the "Reconciliations" section below) Tj ET Q q 0 0 0 rg BT 275.78 740.70 Td (.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 704.9720703125 m 204.158203125 704.9720703125 l s q 0 0 0 rg BT 49.50 706.85 Td (Forward-Looking Statements ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 673.00 Td (Management's expectations for Farmer Mac's future necessarily involve a number of assumptions ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 645.20 Td (and estimates and the evaluation of risks and uncertainties.) Tj ET Q q 0 0 0 rg BT 337.53 645.20 Td (V) Tj ET Q q 0 0 0 rg BT 344.87 645.20 Td (arious factors or events, both known and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 617.35 Td (unknown, could cause Farmer Mac's actual results to dif) Tj ET Q q 0 0 0 rg BT 319.71 617.35 Td (fer materially from the expectations as expressed ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 589.50 Td (or implied by the forward-looking statements herein, including uncertainties regarding:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 560.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 560.70 Td (the availability to Farmer Mac of debt and equity financing and, if available, the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 546.30 Td (reasonableness of rates and terms;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 517.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 517.50 Td (legislative or regulatory developments that could af) Tj ET Q q 0 0 0 rg BT 350.54 517.50 Td (fect Farmer Mac, its sources of business, or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 503.10 Td (the agricultural or rural utilities industries;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 474.30 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 474.30 Td (fluctuations in the fair value of assets held by Farmer Mac and its subsidiaries;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 445.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 445.50 Td (the rate and direction of development of the secondary market for agricultural mortgage and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 431.10 Td (rural utilities loans, including lender interest in Farmer Mac's products and the secondary ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 416.70 Td (market provided by Farmer Mac;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 387.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 387.90 Td (the general rate of growth in agricultural mortgage and rural utilities indebtedness;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 359.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 359.10 Td (the ef) Tj ET Q q 0 0 0 rg BT 130.27 359.10 Td (fect of economic conditions, including the ef) Tj ET Q q 0 0 0 rg BT 344.98 359.10 Td (fects of drought and other weather) Tj ET Q q 0 0 0 rg BT 509.68 359.10 Td (-related ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 344.70 Td (conditions and fluctuations in agricultural real estate values, on agricultural mortgage lending ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 330.30 Td (and borrower repayment capacity;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 301.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 301.50 Td (developments in the financial markets, including possible investor) Tj ET Q q 0 0 0 rg BT 420.95 301.50 Td (, analyst, and rating agency ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 287.10 Td (reactions to events involving government-sponsored enterprises, including Farmer Mac; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 258.30 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 258.30 Td (changes in the level and direction of interest rates, which could, among other things, af) Tj ET Q q 0 0 0 rg BT 520.15 258.30 Td (fect the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 243.90 Td (value of collateral securing Farmer Mac's agricultural mortgage loan assets;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 215.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 215.10 Td (the degree to which Farmer Mac is exposed to basis risk, which results from fluctuations in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 200.70 Td (Farmer Mac's borrowing costs relative to market indexes such as LIBOR; and) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 171.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 171.90 Td (volatility in commodity prices relative to costs of production and/or export demand for U.S. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 157.50 Td (agricultural products.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 123.65 Td (Other risk factors are discussed in "Risk Factors" in Part I, Item 1A) Tj ET Q q 0 0 0 rg BT 408.23 123.65 Td ( in Farmer Mac's ) Tj ET Q q 0 0 0 rg BT 491.71 123.65 Td (Annual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 95.80 Td (Report on Form 10-K for the year ended December 31, 2016 filed with the U.S. Securities and Exchange ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 68.00 Td (Commission \("SEC"\) on March 9, 2017 and in the Quarterly Report on Form 10-Q for the quarter ended ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (June 30, 2017 filed with the SEC earlier today) Tj ET Q q 0 0 0 rg BT 271.01 740.70 Td (. In light of these potential risks and uncertainties, no undue ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (reliance should be placed on any forward-looking statements expressed in this release.) Tj ET Q q 0 0 0 rg BT 469.81 712.85 Td (The forward-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (looking statements contained in this release represent management's expectations as of the date of this ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (release. Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (looking statements included in this release to reflect new information or any future events or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (circumstances, except as otherwise mandated by the SEC. ) Tj ET Q q 0 0 0 rg BT 333.53 601.50 Td (The information contained in this release is not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (necessarily indicative of future results.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 537.9220703125 m 247.60546875 537.9220703125 l s q 0 0 0 rg BT 49.50 539.80 Td (Earnings Confer) Tj ET Q q 0 0 0 rg BT 134.95 539.80 Td (ence Call Information) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 506.00 Td (The conference call to discuss Farmer Mac's second quarter 2017 financial results will be held ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 478.15 Td (beginning at 1) Tj ET Q q 0 0 0 rg BT 117.71 478.15 Td (1:00a.m. eastern time on ) Tj ET Q q 0 0 0 rg BT 241.79 478.15 Td (W) Tj ET Q q 0 0 0 rg BT 252.16 478.15 Td (ednesday) Tj ET Q q 0 0 0 rg BT 296.03 478.15 Td (, ) Tj ET Q q 0 0 0 rg BT 301.37 478.15 Td (August 9, 2017 and can be accessed by telephone or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 450.30 Td (live webcast as follows: ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 85.5 414.850390625 m 192.287109375 414.850390625 l s q 0 0 0 rg BT 85.50 416.45 Td (T) Tj ET Q q 0 0 0 rg BT 91.99 416.45 Td (elephone \(Domestic\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 192.29 416.45 Td (: \(888\) 346-2616 ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 85.5 381.000390625 m 207.603515625 381.000390625 l s q 0 0 0 rg BT 85.50 382.60 Td (T) Tj ET Q q 0 0 0 rg BT 91.99 382.60 Td (elephone \(International\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 207.60 382.60 Td (: \(412\) 902-4254) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 85.5 347.200390625 m 125.84765625 347.200390625 l s q 0 0 0 rg BT 85.50 348.80 Td (W) Tj ET Q q 0 0 0 rg BT 95.87 348.80 Td (ebcast) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 125.85 348.80 Td (: ) Tj ET Q BT /F1 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 132.181640625 347.200390625 m 420.662109375 347.200390625 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 132.18 348.80 Td (https://www) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 190.74 348.80 Td (.farmermac.com/investors/events-presentations/) Tj ET Q BT /F1 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 314.95 Td (Presentation materials to be referenced during the call will be posted on the webpage that can be ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (accessed by clicking on the link noted above. ) Tj ET Q q 0 0 0 rg BT 272.55 287.10 Td (When dialing in to the call, please ask for the conference ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 259.25 Td (chairman ) Tj ET Q q 0 0 0 rg BT 96.93 259.25 Td (T) Tj ET Q q 0 0 0 rg BT 103.83 259.25 Td (im Buzby) Tj ET Q q 0 0 0 rg BT 150.05 259.25 Td (. ) Tj ET Q q 0 0 0 rg BT 158.84 259.25 Td (The call can be heard live and will also be available for replay on Farmer Mac) Tj ET Q q 0 0 0 rg BT 537.67 259.25 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 231.40 Td (website for two weeks following the conclusion of the call.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 197.60 Td (More complete information about Farmer Mac's performance for second quarter 2017 is set forth ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 169.75 Td (in Farmer Mac's Quarterly Report on Form 10-Q for the period ended June 30, 2017 filed today with the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 141.90 Td (SEC.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 49.5 106.17207031249995 m 149.25 106.17207031249995 l s q 0 0 0 rg BT 49.50 108.05 Td (About Farmer) Tj ET Q q 0 0 0 rg BT 123.60 108.05 Td ( Mac) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 74.20 Td (F) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 91.62 74.20 Td (armer Mac is a vital part of the agricultural credit markets and was created to increase access to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 46.40 Td (and reduce the cost of capital for the benefit of ) Tj ET Q q 0 0 0 rg BT 276.07 46.40 Td (American agricultural and rural communities. ) Tj ET Q q 0 0 0 rg BT 497.99 46.40 Td (As the ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (nation) Tj ET Q q 0 0 0 rg BT 82.83 740.70 Td (s premier secondary market for agricultural credit, we provide financial solutions to a broad ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (spectrum of the agricultural community) Tj ET Q q 0 0 0 rg BT 239.33 712.85 Td (, including agricultural lenders, agribusinesses, and other ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (Macs customers benefit from our low cost of funds, low overhead costs, and high operational ef) Tj ET Q q 0 0 0 rg BT 513.49 657.20 Td (ficiency) Tj ET Q q 0 0 0 rg BT 551.36 657.20 Td (. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (In fact, we are often able to provide the lowest cost of borrowing to agricultural and rural borrowers. For ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (more than a quarter) Tj ET Q q 0 0 0 rg BT 142.88 601.50 Td (-century) Tj ET Q q 0 0 0 rg BT 182.08 601.50 Td (, Farmer Mac has been delivering the capital and commitment rural ) Tj ET Q q 0 0 0 rg BT 507.97 601.50 Td (America ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (deserves. ) Tj ET Q q 0 0 0 rg BT 99.15 573.65 Td (Additional information about Farmer Mac \(including the ) Tj ET Q q 0 0 0 rg BT 374.09 573.65 Td (Annual Report on Form 10-K and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (Quarterly Report on Form 10-Q referenced above\) is available on Farmer Mac's website at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (www) Tj ET Q q 0 0 0 rg BT 74.72 518.00 Td (.farmermac.com. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 469.75 Td (CONT) Tj ET Q q 0 0 0 rg BT 81.21 469.75 Td (ACT) Tj ET Q q 0 0 0 rg BT 104.61 469.75 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.94 469.75 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 469.75 Td (Jalpa Nazareth, Investor Relations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 455.35 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 455.35 Td (Megan Murray-Pelaez, Media Inquiries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.95 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 440.95 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 440.95 Td (\(202\) 872-7700) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 289.50 378.30 Td (* * * *) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.35 742.25 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 169.58 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 171.53 742.25 Td (AGRICUL) Tj ET Q q 0 0 0 rg BT 217.84 742.25 Td (TURAL) Tj ET Q q 0 0 0 rg BT 252.29 742.25 Td ( MOR) Tj ET Q q 0 0 0 rg BT 278.88 742.25 Td (TGAGE CORPORA) Tj ET Q q 0 0 0 rg BT 367.31 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 394.82 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.40 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 279.22 730.25 Td (TED BALANCE SHEETS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 281.80 718.25 Td (\(unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 672.75 363.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 672.75 75.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 672.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 672.75 70.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 651.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 651.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 651.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 651.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 631.75 363.00 -10.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 49.50 428.75 363.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 428.75 75.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 428.75 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 428.75 70.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 412.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 412.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 412.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 412.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 392.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 392.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 392.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 392.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 372.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 372.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 372.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 372.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 352.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 352.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 352.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 352.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 332.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 332.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 332.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 332.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 312.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 312.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 312.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 312.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 289.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 289.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 289.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 289.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 269.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 269.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 269.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 269.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 249.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 249.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 249.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 249.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 229.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 229.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 229.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 229.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 209.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 209.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 209.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 209.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 181.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 181.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 181.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 181.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 161.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 161.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 161.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 161.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 141.75 363.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 141.75 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 141.75 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 141.75 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 121.75 363.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 121.75 75.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 121.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 121.75 70.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 695.75 m 487.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 695.75 m 491.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 695.75 m 561.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 695.75 m 487.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 682.75 m 487.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 695.75 m 491.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 695.75 m 561.5 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 682.75 m 561.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 601.75 m 487.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 591.75 m 487.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 601.75 m 561.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 591.75 m 561.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 561.75 m 487.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 561.75 m 561.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 561.75 m 487.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 551.75 m 487.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 561.75 m 561.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 551.75 m 561.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 511.75 m 487.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 501.75 m 487.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 511.75 m 561.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 501.75 m 561.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 441.75 m 487.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 429.75 m 487.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 427.75 m 487.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 441.75 m 561.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 429.75 m 561.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 427.75 m 561.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 372.75 m 487.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 372.75 m 561.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 302.75 m 487.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 289.75 m 487.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 302.75 m 561.5 302.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 289.75 m 561.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 151.75 m 487.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 151.75 m 561.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 131.75 m 561.5 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 131.75 m 487.5 131.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 121.75 m 487.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 110.75 m 487.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 108.75 m 487.5 108.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 121.75 m 561.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 110.75 m 561.5 110.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 108.75 m 561.5 108.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.70 699.70 Td (As of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 687.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.15 687.00 Td (June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.55 687.00 Td (December 31, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.50 674.75 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 664.70 Td (Assets:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 664.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 664.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 653.75 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 653.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 653.75 Td (319,993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 653.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 653.75 Td (265,229) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 643.75 Td (Investment securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 633.75 Td (Available-for-sale, at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 633.75 Td (2,363,805) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 633.75 Td (2,515,851) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 623.75 Td (Farmer Mac Guaranteed Securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 613.75 Td (Available-for-sale, at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 613.75 Td (5,282,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 613.75 Td (4,853,685) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 603.75 Td (Held-to-maturity, at amortized cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 603.75 Td (2,137,786) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 603.75 Td (1,149,231) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 593.75 Td (Total Farmer Mac Guaranteed Securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 593.75 Td (7,420,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 593.75 Td (6,002,916) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 583.75 Td (USDA Securities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 573.75 Td (Trading, at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 573.75 Td (16,294) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 573.75 Td (20,388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 563.75 Td (Held-to-maturity, at amortized cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 563.75 Td (2,066,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 563.75 Td (2,009,225) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 553.75 Td (Total USDA Securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 553.75 Td (2,082,320) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 553.75 Td (2,029,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 543.75 Td (Loans:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 533.75 Td (Loans held for investment, at amortized cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 533.75 Td (3,665,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 533.75 Td (3,379,884) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 523.75 Td (Loans held for investment in consolidated trusts, at amortized cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 523.75 Td (1,240,624) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 523.75 Td (1,132,966) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 513.75 Td (Allowance for loan losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.60 513.75 Td (\(6,138) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 513.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 513.75 Td (\(5,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 513.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 503.75 Td (Total loans, net of allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 503.75 Td (4,900,470) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 503.75 Td (4,507,435) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 493.75 Td (Real estate owned, at lower of cost or fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 493.75 Td (1,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 493.75 Td (1,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 483.75 Td (Financial derivatives, at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 483.75 Td (5,546) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 483.75 Td (23,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 473.75 Td (Interest receivable \(includes $13,917 and $12,584, respectively, related to consolidated trusts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 473.75 Td (126,509) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 473.75 Td (122,782) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 463.75 Td (Guarantee and commitment fees receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 463.75 Td (37,083) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 463.75 Td (38,871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 453.75 Td (Deferred tax asset, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 453.75 Td (3,688) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 453.75 Td (12,291) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 443.75 Td (Prepaid expenses and other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 443.75 Td (6,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 443.75 Td (86,322) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 88.00 433.00 Td (Total Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 433.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 433.00 Td (17,267,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 433.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.30 433.00 Td (15,606,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 414.75 Td (Liabilities and Equity:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 404.75 Td (Liabilities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 394.75 Td (Notes payable:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 384.75 Td (Due within one year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 384.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 384.75 Td (7,859,059) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 384.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 384.75 Td (8,440,123) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 374.75 Td (Due after one year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 374.75 Td (7,281,509) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 374.75 Td (5,222,977) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 364.75 Td (Total notes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 364.75 Td (15,140,568) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.30 364.75 Td (13,663,100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 354.75 Td (Debt securities of consolidated trusts held by third parties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 354.75 Td (1,249,627) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 354.75 Td (1,142,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 344.75 Td (Financial derivatives, at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 344.75 Td (34,114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 344.75 Td (58,152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 334.75 Td (Accrued interest payable \(includes $11,787 and $10,881, respectively, related to consolidated trusts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 334.75 Td (63,960) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 334.75 Td (49,700) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 324.75 Td (Guarantee and commitment obligation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 324.75 Td (35,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 324.75 Td (37,282) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 314.75 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 314.75 Td (60,407) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 314.75 Td (9,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 304.75 Td (Reserve for losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 304.75 Td (1,966) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 304.75 Td (2,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 88.00 294.00 Td (Total Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 294.00 Td (16,586,456) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.30 294.00 Td (14,962,373) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 281.75 Td (Commitments and Contingencies \(Note 6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 271.75 Td (Equity:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 261.75 Td (Preferred stock:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 251.75 Td (Series A, par value $25 per share, 2,400,000 shares authorized, issued and outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 251.75 Td (58,333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 251.75 Td (58,333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 241.75 Td (Series B, par value $25 per share, 3,000,000 shares authorized, issued and outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 241.75 Td (73,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 241.75 Td (73,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 231.75 Td ( Series C, par value $25 per share, 3,000,000 shares authorized, issued and outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 231.75 Td (73,382) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 231.75 Td (73,382) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 221.75 Td (Common stock:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 211.75 Td (Class A Voting, $1 par value, no maximum authorization, 1,030,780 shares outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 211.75 Td (1,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 211.75 Td (1,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 201.75 Td (Class B Voting, $1 par value, no maximum authorization, 500,301 shares outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 201.75 Td (500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 201.75 Td (500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 191.70 Td (Class C Non-Voting, $1 par value, no maximum authorization, 9,072,644 shares and 9,007,481 shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 183.75 Td (outstanding, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 186.00 Td (9,073) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 186.00 Td (9,008) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 173.75 Td (Additional paid-in capital) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 173.75 Td (118,937) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 173.75 Td (118,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 163.75 Td (Accumulated other comprehensive income, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 163.75 Td (42,428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 163.75 Td (33,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 153.75 Td (Retained earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 153.75 Td (304,201) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 153.75 Td (275,714) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 143.75 Td (Total Stockholders' Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 143.75 Td (680,929) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 143.75 Td (643,425) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 133.75 Td (Non-controlling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 133.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 133.75 Td (222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 123.75 Td (Total Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 123.75 Td (680,929) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 123.75 Td (643,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 88.00 113.70 Td (Total Liabilities and Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 113.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 113.70 Td (17,267,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 113.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.30 113.70 Td (15,606,020) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.35 742.25 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 169.58 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 171.53 742.25 Td (AGRICUL) Tj ET Q q 0 0 0 rg BT 217.84 742.25 Td (TURAL) Tj ET Q q 0 0 0 rg BT 252.29 742.25 Td ( MOR) Tj ET Q q 0 0 0 rg BT 278.88 742.25 Td (TGAGE CORPORA) Tj ET Q q 0 0 0 rg BT 367.31 742.25 Td (TION ) Tj ET Q q 0 0 0 rg BT 394.82 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.15 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.97 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.52 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 290.00 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.92 730.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 391.68 730.25 Td (TIONS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 281.80 718.25 Td (\(unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 665.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 665.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 665.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 665.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 665.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 665.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 665.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 665.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 637.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 637.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 637.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 637.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 637.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 637.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 637.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 637.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 609.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 581.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 581.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 581.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 581.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 581.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 581.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 581.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 581.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 553.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 553.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 553.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 553.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 553.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 553.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 553.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 553.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 525.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 525.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 525.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 525.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 525.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 525.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 525.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 525.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 497.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 497.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 497.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 497.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 497.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 497.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 497.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 497.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 469.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 469.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 469.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 469.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 469.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 469.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 469.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 469.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 441.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 441.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 441.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 441.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 441.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 441.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 441.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 441.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 413.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 413.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 413.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 413.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 413.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 413.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 413.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 413.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 385.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 385.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 385.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 385.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 385.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 385.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 385.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 385.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 357.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 357.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 357.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 357.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 357.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 357.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 357.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 357.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 329.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 329.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 329.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 329.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 329.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 329.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 329.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 329.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 301.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 301.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 301.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 301.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 301.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 301.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 301.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 301.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 273.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 273.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 273.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 273.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 273.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 273.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 273.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 273.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 245.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 245.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 245.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 245.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 245.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 245.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 245.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 245.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 218.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 218.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 218.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 218.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 218.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 218.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 218.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 218.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 190.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 190.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 190.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 190.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 190.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 190.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 190.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 190.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 693.75 m 370 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 693.75 m 374 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 693.75 m 434 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 693.75 m 498 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 693.75 m 502 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 693.75 m 562 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 679.75 m 370 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 679.75 m 434 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 679.75 m 498 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 679.75 m 562 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 679.75 m 370 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 679.75 m 498 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 679.75 m 562 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 609.75 m 370 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 609.75 m 434 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 609.75 m 498 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 609.75 m 562 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 609.75 m 370 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 609.75 m 434 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 609.75 m 498 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 609.75 m 562 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 581.75 m 370 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 581.75 m 434 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 581.75 m 498 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 581.75 m 562 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 581.75 m 434 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 581.75 m 498 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 581.75 m 562 581.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 553.75 m 370 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 553.75 m 434 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 553.75 m 498 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 553.75 m 562 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 553.75 m 370 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 539.75 m 370 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 553.75 m 434 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 539.75 m 434 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 553.75 m 498 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 539.75 m 498 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 553.75 m 562 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 539.75 m 562 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 539.75 m 370 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 539.75 m 434 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 539.75 m 498 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 539.75 m 562 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 441.75 m 370 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 441.75 m 434 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 441.75 m 498 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 441.75 m 562 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 441.75 m 370 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 427.75 m 370 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 441.75 m 434 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 427.75 m 434 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 441.75 m 498 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 427.75 m 498 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 441.75 m 562 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 427.75 m 562 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 343.75 m 370 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 343.75 m 434 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 343.75 m 498 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 343.75 m 562 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 343.75 m 370 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 329.75 m 370 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 343.75 m 434 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 329.75 m 434 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 343.75 m 498 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 329.75 m 498 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 343.75 m 562 343.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 329.75 m 562 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 329.75 m 498 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 329.75 m 562 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 301.75 m 370 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 301.75 m 434 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 301.75 m 498 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 301.75 m 562 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 301.75 m 498 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 301.75 m 562 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 273.75 m 370 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 273.75 m 434 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 273.75 m 498 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 273.75 m 562 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 273.75 m 498 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 273.75 m 562 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 245.75 m 498 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 245.75 m 562 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 245.75 m 370 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 232.75 m 370 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 230.75 m 370 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 245.75 m 434 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 232.75 m 434 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 230.75 m 434 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 245.75 m 498 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 232.75 m 498 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 230.75 m 498 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 245.75 m 562 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 232.75 m 562 232.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 230.75 m 562 230.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.55 698.21 Td (For the Three Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.95 698.21 Td (For the Six Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 684.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.35 684.21 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.35 684.21 Td (June 30, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.35 684.21 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.35 684.21 Td (June 30, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 670.21 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.65 670.00 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 656.21 Td (Interest income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 642.21 Td (Investments and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 642.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 642.21 Td (8,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 642.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 642.21 Td (6,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 642.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 642.21 Td (15,611) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 642.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 642.21 Td (13,241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 628.21 Td (Farmer Mac Guaranteed Securities and USDA Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 628.21 Td (50,106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 628.21 Td (37,299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 628.21 Td (92,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 628.21 Td (72,809) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 614.21 Td (Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 614.21 Td (39,573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 614.21 Td (33,377) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 614.21 Td (76,425) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 614.21 Td (65,077) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 600.21 Td (Total interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 600.21 Td (98,047) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 600.21 Td (77,236) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 600.21 Td (184,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 600.21 Td (151,127) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 586.21 Td (Total interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 586.21 Td (58,316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 586.21 Td (42,878) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 586.21 Td (107,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 586.21 Td (83,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 572.21 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 572.21 Td (39,731) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 572.21 Td (34,358) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 572.21 Td (76,802) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 572.21 Td (67,998) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 558.21 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 558.21 Td (\(327) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.50 558.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 558.21 Td (\(364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 558.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 558.21 Td (\(964) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 558.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 558.21 Td (\(413) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 558.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 544.21 Td (Net interest income after provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 544.21 Td (39,404) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 544.21 Td (33,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 544.21 Td (75,838) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 544.21 Td (67,585) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 530.21 Td (Non-interest income/\(loss\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 516.21 Td (Guarantee and commitment fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 516.21 Td (3,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 516.21 Td (3,655) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 516.21 Td (7,316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 516.21 Td (7,281) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 502.21 Td (\(Losses\)/gains on financial derivatives and hedging activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 502.21 Td (\(617) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.50 502.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 502.21 Td (\(4,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 502.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 502.21 Td (1,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 502.21 Td (\(11,478) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 502.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 488.21 Td (\(Losses\)/gains on trading securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.00 488.21 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.50 488.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 488.21 Td (394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 488.21 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 488.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 488.21 Td (752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 474.21 Td (Losses on sale of available-for-sale investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 474.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 474.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 474.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 474.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 474.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 460.21 Td (Gains on sale of real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 460.21 Td (757) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 460.21 Td (752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 446.21 Td (Other income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 446.21 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 446.21 Td (413) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 446.21 Td (687) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 446.21 Td (514) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 432.21 Td (Non-interest income/\(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 432.21 Td (3,744) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 432.21 Td (\(234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 432.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 432.21 Td (10,540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 432.21 Td (\(2,940) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 432.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 418.21 Td (Non-interest expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 404.21 Td (Compensation and employee benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 404.21 Td (6,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 404.21 Td (5,611) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 404.21 Td (12,999) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 404.21 Td (11,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 390.21 Td (General and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 390.21 Td (3,921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 390.21 Td (3,757) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 390.21 Td (7,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 390.21 Td (7,283) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 376.21 Td (Regulatory fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 376.21 Td (625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 376.21 Td (612) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 376.21 Td (1,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 376.21 Td (1,225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 362.21 Td (Real estate owned operating costs, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 362.21 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 362.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 362.21 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 362.21 Td (39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 348.21 Td (Provision for/\(release of\) reserve for losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 348.21 Td (139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 348.21 Td (94) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 348.21 Td (\(54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 348.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 348.21 Td (108) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 334.21 Td (Non-interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 334.21 Td (11,390) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 334.21 Td (10,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 334.21 Td (21,939) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 334.21 Td (20,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 320.21 Td (Income before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 320.21 Td (31,758) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 320.21 Td (23,686) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 320.21 Td (64,439) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 320.21 Td (44,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 306.21 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 306.21 Td (11,124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 306.21 Td (8,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 306.21 Td (21,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 306.21 Td (15,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 292.21 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 292.21 Td (20,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 292.21 Td (15,286) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 292.21 Td (42,529) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 292.21 Td (28,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 278.21 Td (Less: Net loss attributable to non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 278.21 Td (150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 278.21 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 278.21 Td (165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 278.21 Td (44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 264.21 Td (Net income attributable to Farmer Mac) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 264.21 Td (20,784) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 264.21 Td (15,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 264.21 Td (42,694) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 264.21 Td (28,914) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 250.21 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.25 250.21 Td (\(3,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.50 250.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 250.21 Td (\(3,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 250.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 250.21 Td (\(6,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 250.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 250.21 Td (\(6,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 250.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 236.21 Td (Net income attributable to common stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 236.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 236.21 Td (17,488) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 236.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 236.21 Td (12,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 236.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 236.21 Td (36,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 236.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 236.21 Td (22,323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 209.21 Td (Earnings per common share and dividends:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 195.21 Td (Basic earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 195.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 195.21 Td (1.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 195.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 195.21 Td (1.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 195.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 195.21 Td (3.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 195.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 195.21 Td (2.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 181.21 Td (Diluted earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 181.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 181.21 Td (1.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 181.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 181.21 Td (1.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 181.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 181.21 Td (3.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 181.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 181.21 Td (2.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 167.21 Td (Common stock dividends per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 167.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 167.21 Td (0.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 167.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 167.21 Td (0.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 167.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 167.21 Td (0.72) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 167.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 167.21 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (Reconciliations) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 712.85 Td (A) Tj ET Q q 0 0 0 rg BT 93.50 712.85 Td ( reconciliation of Farmer Mac's net income attributable to common stockholders to core earnings ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (and core earnings per share are presented in the following tables along with a breakdown of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.15 Td (composition of core earnings for the periods indicated: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 590.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 590.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 590.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 590.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 590.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 590.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 562.65 259.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 562.65 82.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 562.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 562.65 84.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 562.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 562.65 80.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 525.65 259.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 525.65 82.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 525.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 525.65 84.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 525.65 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 525.65 80.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 488.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 488.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 488.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 488.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 488.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 488.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 460.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 460.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 460.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 460.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 460.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 460.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 442.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 442.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 442.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 442.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 442.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 414.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 414.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 414.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 414.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 414.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 414.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 386.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 386.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 386.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 386.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 386.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 386.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 358.65 259.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 358.65 82.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 358.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 358.65 84.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 358.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 358.65 80.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 340.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 340.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 340.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 340.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 340.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 340.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 312.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 312.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 312.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 312.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 312.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 284.65 259.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 284.65 82.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 284.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 284.65 84.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 284.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 284.65 80.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 266.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 266.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 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re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 210.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 210.65 80.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 192.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 192.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 192.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 192.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 192.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 192.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 164.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 164.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 164.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 164.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 164.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 164.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 136.65 259.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 136.65 82.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 136.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 136.65 84.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 136.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 136.65 80.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 118.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 118.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 118.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 118.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 118.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 118.65 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 632.65 m 309 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 632.65 m 391 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 632.65 m 395 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 632.65 m 479 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 632.65 m 483 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 632.65 m 563 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 632.65 m 309 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 632.65 m 391 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 618.65 m 391 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 632.65 m 395 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 618.65 m 395 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 632.65 m 479 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 618.65 m 479 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 632.65 m 483 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 618.65 m 483 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 632.65 m 563 632.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 618.65 m 391 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 604.65 m 391 604.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 618.65 m 395 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 618.65 m 479 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 604.65 m 479 604.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 618.65 m 483 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 618.65 m 563 618.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 604.65 m 563 604.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 474.65 m 391 474.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 474.65 m 479 474.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 474.65 m 563 474.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 474.65 m 391 474.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 460.65 m 391 460.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 474.65 m 479 474.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 460.65 m 479 460.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 474.65 m 563 474.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 460.65 m 563 460.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 460.65 m 391 460.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 447.65 m 391 447.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 445.65 m 391 445.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 460.65 m 479 460.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 447.65 m 479 447.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 445.65 m 479 445.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 460.65 m 563 460.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 447.65 m 563 447.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 445.65 m 563 445.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 372.65 m 391 372.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 372.65 m 479 372.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 372.65 m 563 372.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 372.65 m 391 372.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 372.65 m 479 372.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 372.65 m 563 372.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 298.65 m 391 298.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 298.65 m 479 298.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 298.65 m 563 298.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 298.65 m 391 298.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 298.65 m 479 298.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 298.65 m 563 298.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 224.64999999999998 m 391 224.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 224.64999999999998 m 479 224.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 224.64999999999998 m 563 224.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 224.64999999999998 m 391 224.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 210.64999999999998 m 391 210.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 224.64999999999998 m 479 224.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 210.64999999999998 m 479 210.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 224.64999999999998 m 563 224.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 210.64999999999998 m 563 210.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 150.64999999999998 m 391 150.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 150.64999999999998 m 479 150.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 150.64999999999998 m 563 150.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 150.64999999999998 m 391 150.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 137.64999999999998 m 391 137.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 135.64999999999998 m 391 135.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 150.64999999999998 m 479 150.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 137.64999999999998 m 479 137.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 135.64999999999998 m 479 135.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 150.64999999999998 m 563 150.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 137.64999999999998 m 563 137.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 135.64999999999998 m 563 135.64999999999998 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.25 637.11 Td (Reconciliation of Net Income Attributable to Common Stockholders to Core Earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 623.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.55 623.11 Td (For the Three Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 609.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.35 609.11 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.85 609.11 Td (March 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.35 609.11 Td (June 30, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 595.11 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.65 594.90 Td (\(inthousands,exceptpershareamounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 581.11 Td (Net income attributable to common stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.50 581.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 581.11 Td (17,488) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 581.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 581.11 Td (18,615) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 581.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 581.11 Td (12,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 567.11 Td (Less reconciling items:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 567.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 567.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 567.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 553.11 Td (Gains/\(losses\) on financial derivatives and hedging activities due to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 544.11 Td (fair value changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 544.11 Td (2,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 544.11 Td (4,805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 544.11 Td (\(2,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 544.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 530.11 Td (Unrealized \(losses\)/gains on trading securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 530.11 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 530.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 530.11 Td (\(82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 530.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 530.11 Td (394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 516.11 Td (Amortization of premiums/discounts and deferred gains on assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 507.11 Td (consolidated at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 507.11 Td (\(117) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 507.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 507.11 Td (\(127) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 507.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 507.11 Td (\(371) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 507.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 493.11 Td (Net effects of settlements on agency forward contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 493.11 Td (261) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 493.11 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 493.11 Td (466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 479.11 Td (Income tax effect related to reconciling items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 479.11 Td (\(827) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 479.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 479.11 Td (\(1,620) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 479.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 479.11 Td (556) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 465.11 Td (Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 465.11 Td (1,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 465.11 Td (3,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 465.11 Td (\(1,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 465.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 451.11 Td (Core earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.50 451.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 451.11 Td (15,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 451.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 451.11 Td (15,607) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 451.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 451.11 Td (13,037) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 433.11 Td (Composition of Core Earnings:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 419.11 Td (Revenues:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 405.11 Td (Net ef) Tj ET Q q 0 0 0 rg BT 80.57 405.11 Td (fective spread) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 130.79 409.19 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.50 405.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 405.11 Td (35,610) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 405.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 405.11 Td (32,866) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 405.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 405.11 Td (31,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 391.11 Td (Guarantee and commitment fees) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 175.20 395.19 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 391.11 Td (4,942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 391.11 Td (5,317) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 391.11 Td (4,810) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 377.11 Td (Other) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 78.99 381.19 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 377.11 Td (\(197) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 377.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 377.11 Td (1,061) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 377.11 Td (\(125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 377.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 363.11 Td (Total revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 363.11 Td (40,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 363.11 Td (39,244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 363.11 Td (35,711) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 345.11 Td (Credit related \(income\)/expense \(GAAP\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 331.11 Td (Provision for losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 331.11 Td (466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 331.11 Td (444) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 331.11 Td (458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 317.11 Td (REO operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.50 317.11 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 317.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 317.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 303.11 Td (\(Gains\)/losses on sale of REO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 303.11 Td (\(757) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 303.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 303.11 Td (5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.50 303.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 289.11 Td (Total credit related \(income\)/expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 289.11 Td (\(268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 289.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 289.11 Td (449) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 289.11 Td (458) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 271.11 Td (Operating expenses \(GAAP\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 257.11 Td (Compensation and employee benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 257.11 Td (6,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 257.11 Td (6,317) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 257.11 Td (5,611) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 243.11 Td (General and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 243.11 Td (3,921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 243.11 Td (3,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 243.11 Td (3,757) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 229.11 Td (Regulatory fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 229.11 Td (625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 229.11 Td (625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 229.11 Td (612) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 215.11 Td (Total operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 215.11 Td (11,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 215.11 Td (10,742) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 215.11 Td (9,980) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 197.11 Td (Net earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 197.11 Td (29,395) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 197.11 Td (28,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 197.11 Td (25,273) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 183.11 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 129.97 187.19 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 183.11 Td (10,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 183.11 Td (9,166) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 183.11 Td (8,956) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 169.11 Td (Net loss attributable to non-controlling interest \(GAAP\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 169.11 Td (\(150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 169.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 169.11 Td (\(15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 169.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 169.11 Td (\(16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 169.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 155.11 Td (Preferred stock dividends \(GAAP\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 155.11 Td (3,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 155.11 Td (3,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 155.11 Td (3,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 141.11 Td (Core earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.50 141.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 141.11 Td (15,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 141.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 141.11 Td (15,607) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 141.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 141.11 Td (13,037) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 123.11 Td (Core earnings per share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 109.11 Td ( Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.50 109.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 109.11 Td (1.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 109.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 109.11 Td (1.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 109.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 109.11 Td (1.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 95.11 Td ( Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 95.11 Td (1.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 95.11 Td (1.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 95.11 Td (1.23) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 747.13 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 743.50 Td (Net ef) Tj ET Q q 0 0 0 rg BT 87.12 743.50 Td (fective spread is a non-GAAP) Tj ET Q q 0 0 0 rg BT 182.80 743.50 Td ( measure. See below for a reconciliation of net interest income to net ef) Tj ET Q q 0 0 0 rg BT 413.01 743.50 Td (fective spread.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 737.52 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 733.90 Td (Includes interest income and interest expense related to consolidated trusts owned by third parties reclassified from net interest income to guarantee and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 724.30 Td (commitment fees to reflect management's view that the net interest income Farmer Mac earns is ef) Tj ET Q q 0 0 0 rg BT 382.68 724.30 Td (fectively a guarantee fee on the consolidated Farmer ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 714.70 Td (Mac Guaranteed Securities.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 708.73 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 705.10 Td (Reflects reconciling adjustments for the reclassification to exclude expenses related to interest rate swaps not designated as hedges and fair value ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 695.50 Td (adjustments on financial derivatives and trading assets and a reconciling adjustment to exclude the recognition of deferred gains over the estimated lives ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 685.90 Td (of certain Farmer Mac Guaranteed Securities and USDA) Tj ET Q q 0 0 0 rg BT 248.55 685.90 Td ( Securities. 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0.9333333333333333 1 rg /GS0 gs 395.50 383.50 82.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 383.50 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 383.50 79.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.50 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 364.50 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 364.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 364.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.50 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 334.50 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 334.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 334.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.50 345.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 304.50 82.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 304.50 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 304.50 79.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.50 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 285.50 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 285.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 285.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 255.50 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 255.50 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 255.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 255.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 225.50 345.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 225.50 82.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 225.50 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 225.50 79.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 207.50 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 207.50 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 207.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 207.50 79.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 733.5 m 395.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 733.5 m 477.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 733.5 m 481.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 733.5 m 560.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 733.5 m 477.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 718.5 m 477.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 733.5 m 481.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 718.5 m 481.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 733.5 m 560.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 718.5 m 560.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 703.5 m 477.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 703.5 m 560.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 586.5 m 477.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 586.5 m 560.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 586.5 m 477.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 571.5 m 477.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 586.5 m 560.5 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 571.5 m 560.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 571.5 m 477.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 557.5 m 477.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 555.5 m 477.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 571.5 m 560.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 557.5 m 560.5 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 555.5 m 560.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 477.5 m 477.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 477.5 m 560.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 477.5 m 477.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 477.5 m 560.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 398.5 m 477.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 398.5 m 560.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 398.5 m 477.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 398.5 m 560.5 398.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 319.5 m 477.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 319.5 m 560.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 319.5 m 477.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 304.5 m 477.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 319.5 m 560.5 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 304.5 m 560.5 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 240.5 m 477.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 240.5 m 560.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 240.5 m 477.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 226.5 m 477.5 226.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 224.5 m 477.5 224.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 240.5 m 560.5 240.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 226.5 m 560.5 226.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 224.5 m 560.5 224.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.25 737.96 Td (Reconciliation of Net Income Attributable to Common Stockholders to Core Earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.95 722.96 Td (For the Six Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.85 707.96 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.35 707.96 Td (June 30, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.65 694.75 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 679.96 Td (Net income attributable to common stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 679.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 679.96 Td (36,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 679.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 679.96 Td (22,323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 664.96 Td (Less reconciling items:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 664.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 664.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 649.96 Td (Gains/\(losses\) on financial derivatives and hedging activities due to fair value changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 649.96 Td (7,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 649.96 Td (\(5,065) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 649.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 634.96 Td (Unrealized \(losses\)/gains on trading securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 634.96 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 634.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 634.96 Td (752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 620.96 Td (Amortization of premiums/discounts and deferred gains on assets consolidated at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 620.96 Td (\(244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 620.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 620.96 Td (\(652) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 620.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 605.96 Td (Net effects of settlements on agency forward contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.50 605.96 Td (293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 605.96 Td (211) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 590.96 Td (Income tax effect related to reconciling items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 590.96 Td (\(2,447) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 590.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 590.96 Td (1,665) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 575.96 Td (Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 575.96 Td (4,544) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 575.96 Td (\(3,089) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 575.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 560.96 Td (Core earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 560.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 560.96 Td (31,559) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 560.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 560.96 Td (25,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 541.96 Td (Composition of Core Earnings:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 526.96 Td (Revenues:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 511.96 Td (Net ef) Tj ET Q q 0 0 0 rg BT 81.07 511.96 Td (fective spread) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 131.29 516.04 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 511.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 511.96 Td (68,476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 511.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 511.96 Td (60,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 496.96 Td (Guarantee and commitment fees) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 175.70 501.04 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 496.96 Td (10,259) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 496.96 Td (9,479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 481.96 Td (Other) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 79.49 486.04 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.50 481.96 Td (864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 481.96 Td (\(642) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 481.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 466.96 Td (Total revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 466.96 Td (79,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 466.96 Td (69,812) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 447.96 Td (Credit related expense \(GAAP\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 432.96 Td (Provision for losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.50 432.96 Td (910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 432.96 Td (521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 417.96 Td (REO operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 417.96 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 417.96 Td (39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 402.96 Td (Gains on sale of REO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 402.96 Td (\(752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 402.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 402.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 387.96 Td (Total credit related expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.50 387.96 Td (181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 387.96 Td (560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 368.96 Td (Operating expenses \(GAAP\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 353.96 Td (Compensation and employee benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 353.96 Td (12,999) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 353.96 Td (11,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 338.96 Td (General and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 338.96 Td (7,721) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 338.96 Td (7,283) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 323.96 Td (Regulatory fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 323.96 Td (1,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 323.96 Td (1,225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 308.96 Td (Total operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 308.96 Td (21,970) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 308.96 Td (19,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 289.96 Td (Net earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 289.96 Td (57,448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 289.96 Td (49,359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 274.96 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 130.47 279.04 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 274.96 Td (19,463) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 274.96 Td (17,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 259.96 Td (Net loss attributable to non-controlling interest \(GAAP\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 259.96 Td (\(165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 259.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 259.96 Td (\(44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 259.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 244.96 Td (Preferred stock dividends \(GAAP\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.75 244.96 Td (6,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 244.96 Td (6,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.00 229.96 Td (Core earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 229.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 229.96 Td (31,559) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 229.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 229.96 Td (25,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 211.96 Td (Core earnings per share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 196.96 Td ( Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 196.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 196.96 Td (2.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 196.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.25 196.96 Td (2.43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 181.96 Td ( Diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 181.96 Td (2.93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.25 181.96 Td (2.35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 172.02 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 168.40 Td (Net ef) Tj ET Q q 0 0 0 rg BT 87.12 168.40 Td (fective spread is a non-GAAP) Tj ET Q q 0 0 0 rg BT 182.80 168.40 Td ( measure. See below for a reconciliation of net interest income to net ef) Tj ET Q q 0 0 0 rg BT 415.01 168.40 Td (fective spread.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 162.42 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 158.80 Td (Includes interest income and interest expense related to consolidated trusts owned by third parties reclassified from net interest income to guarantee and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 149.20 Td (commitment fees to reflect management's view that the net interest income Farmer Mac earns is ef) Tj ET Q q 0 0 0 rg BT 382.68 149.20 Td (fectively a guarantee fee on the consolidated Farmer ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 139.60 Td (Mac Guaranteed Securities. ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 133.63 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 130.00 Td (Reflects reconciling adjustments for the reclassification to exclude expenses related to interest rate swaps not designated as hedges and fair value ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 120.40 Td (adjustments on financial derivatives and trading assets and a reconciling adjustment to exclude the recognition of deferred gains over the estimated lives ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 110.80 Td (of certain Farmer Mac Guaranteed Securities and USDA) Tj ET Q q 0 0 0 rg BT 248.55 110.80 Td ( Securities. ) Tj ET Q q 0 0 0 rg BT 285.95 110.80 Td (The first six months of 2017 includes $1.3 million of fees received upon the inception ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 101.20 Td (of swaps and $1.1 million of hedging losses, compared to $0.1 million of fees received and $1.5 million of hedging losses, respectively) Tj ET Q q 0 0 0 rg BT 499.79 101.20 Td (, in the first six ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 91.60 Td (months of 2016.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 85.63 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 82.00 Td (Includes the tax impact of non-GAAP) Tj ET Q q 0 0 0 rg BT 188.73 82.00 Td ( reconciling items between net income attributable to common stockholders and core earnings. ) Tj ET Q q 0 0 0 rg BT 493.38 82.00 Td (The first half of 2017 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 72.40 Td (includes $0.8 million of tax benefits upon the vesting of restricted stock and the exercise of SARs under new accounting guidance for stock-based awards ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 62.80 Td (that became ef) Tj ET Q q 0 0 0 rg BT 113.99 62.80 Td (fective in first quarter 2017.) 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J 0 j 3 M 265 545.5 m 321 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 560.5 m 386 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 545.5 m 386 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 560.5 m 445 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 545.5 m 445 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 560.5 m 504 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 545.5 m 504 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 560.5 m 562 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 545.5 m 562 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 545.5 m 321 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 531.5 m 321 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 529.5 m 321 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 545.5 m 386 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 531.5 m 386 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 529.5 m 386 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 545.5 m 445 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 531.5 m 445 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 529.5 m 445 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 545.5 m 504 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 531.5 m 504 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 529.5 m 504 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 545.5 m 562 545.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 531.5 m 562 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 529.5 m 562 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 529.5 m 321 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 531.5 m 321 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 529.5 m 386 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 531.5 m 386 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 529.5 m 445 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 531.5 m 445 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 529.5 m 504 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 531.5 m 504 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 529.5 m 562 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 531.5 m 562 531.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.55 737.96 Td (Reconciliation of GAAP Basic Earnings Per Share to Core Earnings Basic Earnings Per Share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 723.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.55 723.96 Td (For the Three Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.45 723.96 Td (For the Six Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 700.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 709.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.50 700.96 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.50 709.96 Td (March 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 700.96 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.00 709.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 700.96 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 709.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.00 700.96 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 709.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.50 700.96 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.15 685.75 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 670.96 Td (GAAP - Basic EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.50 670.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 670.96 Td (1.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.50 670.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 670.96 Td (1.76) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.50 670.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 670.96 Td (1.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 670.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 670.96 Td (3.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.50 670.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 670.96 Td (2.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 655.96 Td (Less reconciling items:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 641.96 Td (Gains/\(losses\) on financial derivatives and hedging) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 632.96 Td (activities due to fair value changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 632.96 Td (0.22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 632.96 Td (0.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 632.96 Td (\(0.19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 632.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 632.96 Td (0.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 632.96 Td (\(0.49) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 632.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 617.96 Td (Unrealized \(losses\)/gains on trading securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.50 617.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.75 617.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 617.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 617.96 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 617.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 617.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 617.96 Td (0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 603.96 Td (Amortization of premiums/discounts and deferred gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 594.96 Td (on assets consolidated at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 594.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.50 594.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.75 594.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 594.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 594.96 Td (\(0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 594.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 594.96 Td (\(0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 594.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 594.96 Td (\(0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 594.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 579.96 Td (Net effects of settlements on agency forward contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 579.96 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.50 579.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 579.96 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 579.96 Td (0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 579.96 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 564.96 Td (Income tax effect related to reconciling items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 564.96 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.50 564.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.75 564.96 Td (\(0.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 564.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 564.96 Td (0.05) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 564.96 Td (\(0.23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 564.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 564.96 Td (0.16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 549.96 Td (Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 549.96 Td (0.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 549.96 Td (0.28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 549.96 Td (\(0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 549.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 549.96 Td (0.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 549.96 Td (\(0.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 549.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 534.96 Td (Core Earnings - Basic EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.50 534.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.75 534.96 Td (1.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.50 534.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.75 534.96 Td (1.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.50 534.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 534.96 Td (1.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 534.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 534.96 Td (2.99) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.50 534.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 534.96 Td (2.43) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 512.96 Td (Shares used in per share calculation \(GAAP and Core) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 503.96 Td (Earnings\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.75 503.96 Td (10,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.75 503.96 Td (10,551) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 503.96 Td (10,456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.75 503.96 Td (10,576) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 503.96 Td (10,460) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 410.50 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 410.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 410.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 410.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 410.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 410.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 410.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 410.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 410.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 410.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 380.50 217.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 380.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 380.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 380.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 380.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 380.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 380.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 380.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 380.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 380.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 342.50 217.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 342.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 342.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 342.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 342.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 342.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 342.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 342.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 342.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 342.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 304.50 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 304.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 304.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 304.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 304.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 304.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 304.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 304.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 304.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 304.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 274.50 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 274.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 274.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 274.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 274.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 274.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 274.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 274.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 274.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 274.50 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 251.50 217.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 251.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 251.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 251.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 251.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 251.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 251.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 251.50 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 251.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 251.50 56.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 463.5 m 266 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 463.5 m 322 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 463.5 m 326 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 463.5 m 382 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 463.5 m 386 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 463.5 m 442 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 463.5 m 446 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 463.5 m 502 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 463.5 m 506 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 463.5 m 562 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 463.5 m 322 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 448.5 m 322 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 463.5 m 326 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 448.5 m 326 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 463.5 m 382 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 448.5 m 382 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 448.5 m 386 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 463.5 m 442 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 448.5 m 442 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 463.5 m 446 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 463.5 m 502 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 448.5 m 502 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 463.5 m 506 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 448.5 m 506 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 463.5 m 562 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 448.5 m 562 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 448.5 m 322 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 425.5 m 322 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 448.5 m 382 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 425.5 m 382 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 448.5 m 442 448.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 425.5 m 442 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 425.5 m 502 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 425.5 m 562 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 425.5 m 322 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 425.5 m 382 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 425.5 m 442 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 425.5 m 502 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 425.5 m 562 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 289.5 m 322 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 289.5 m 382 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 289.5 m 386 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 289.5 m 442 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 289.5 m 502 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 289.5 m 562 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 289.5 m 322 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 274.5 m 322 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 289.5 m 382 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 274.5 m 382 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 289.5 m 442 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 274.5 m 442 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 289.5 m 502 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 274.5 m 502 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 289.5 m 562 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 274.5 m 562 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 274.5 m 322 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 260.5 m 322 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 258.5 m 322 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 274.5 m 382 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 260.5 m 382 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 258.5 m 382 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 274.5 m 442 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 260.5 m 442 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 258.5 m 442 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 274.5 m 502 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 260.5 m 502 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 258.5 m 502 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 274.5 m 562 274.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 260.5 m 562 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 258.5 m 562 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 258.5 m 322 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 260.5 m 322 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 258.5 m 382 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 260.5 m 382 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 258.5 m 386 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 260.5 m 386 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 258.5 m 442 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 260.5 m 442 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 258.5 m 502 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 260.5 m 502 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 258.5 m 562 258.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 260.5 m 562 260.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.55 467.96 Td (Reconciliation of GAAP Diluted Earnings Per Share to Core Earnings Diluted Earnings Per Share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 452.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.55 452.96 Td (For the Three Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.95 452.96 Td (For the Six Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 429.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.50 438.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.50 429.96 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.00 438.96 Td (March 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.50 429.96 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.50 438.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 429.96 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.50 438.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.50 429.96 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.50 438.96 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.50 429.96 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.65 414.75 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 399.96 Td (GAAP - Diluted EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.50 399.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 399.96 Td (1.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 399.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.40 399.96 Td (1.73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.50 399.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 399.96 Td (1.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.50 399.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 399.96 Td (3.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.50 399.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 399.96 Td (2.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 384.96 Td (Less reconciling items:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 370.96 Td (Gains/\(losses\) on financial derivatives and hedging) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 361.96 Td (activities due to fair value changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 361.96 Td (0.21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.40 361.96 Td (0.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 361.96 Td (\(0.20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 361.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 361.96 Td (0.65) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 361.96 Td (\(0.46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 361.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 346.96 Td (Unrealized \(losses\)/gains on trading securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.50 346.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.40 346.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.15 346.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 346.96 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 346.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 346.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 346.96 Td (0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 332.96 Td (Amortization of premiums/discounts and deferred gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 323.96 Td (on assets consolidated at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.75 323.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 323.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.40 323.96 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.15 323.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 323.96 Td (\(0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 323.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 323.96 Td (\(0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 323.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 323.96 Td (\(0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 323.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 308.96 Td (Net effects of settlements on agency forward contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 308.96 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.15 308.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 308.96 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 308.96 Td (0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 308.96 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 293.96 Td (Income tax effect related to reconciling items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.75 293.96 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 293.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.40 293.96 Td (\(0.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.15 293.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 293.96 Td (0.05) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 293.96 Td (\(0.23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 293.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 293.96 Td (0.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 278.96 Td (Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 278.96 Td (0.14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.40 278.96 Td (0.28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.75 278.96 Td (\(0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 278.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 278.96 Td (0.42) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 278.96 Td (\(0.28) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 278.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 263.96 Td (Core Earnings - Diluted EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.50 263.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 263.96 Td (1.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.50 263.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.40 263.96 Td (1.45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.50 263.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.75 263.96 Td (1.23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.50 263.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 263.96 Td (2.93) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.50 263.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 263.96 Td (2.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 241.96 Td (Shares used in per share calculation \(GAAP and Core) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 232.96 Td (Earnings\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.75 232.96 Td (10,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.40 232.96 Td (10,782) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 232.96 Td (10,614) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.75 232.96 Td (10,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 232.96 Td (10,808) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (The following table presents a reconciliation of net interest income and net yield to net ef) Tj ET Q q 0 0 0 rg BT 478.14 740.70 Td (fective spread for ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (the periods indicated:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 617.95 123.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.00 617.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 617.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 617.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 617.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 617.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 617.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 617.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 617.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 617.95 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.00 617.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 529.00 617.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 580.95 123.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.00 580.95 37.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 580.95 34.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 580.95 37.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 580.95 34.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 580.95 37.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 580.95 34.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 580.95 37.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 580.95 34.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 580.95 36.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.00 580.95 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 529.00 580.95 34.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 525.95 123.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 173.00 525.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 525.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 525.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 525.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 525.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 525.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 525.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 525.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 525.95 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.00 525.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 529.00 525.95 34.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 673.95 m 173 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 673.95 m 210 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 673.95 m 214 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 673.95 m 248 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 673.95 m 252 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 673.95 m 289 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 673.95 m 293 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 673.95 m 327 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 673.95 m 331 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 673.95 m 368 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 673.95 m 372 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 673.95 m 406 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 673.95 m 410 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 673.95 m 447 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 673.95 m 451 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 673.95 m 485 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 673.95 m 489 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 673.95 m 525 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 673.95 m 529 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 673.95 m 563 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 659.95 m 210 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 659.95 m 214 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 659.95 m 248 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 659.95 m 252 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 659.95 m 289 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 659.95 m 293 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 659.95 m 327 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 659.95 m 331 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 659.95 m 368 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 659.95 m 372 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 659.95 m 406 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 659.95 m 447 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 659.95 m 451 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 659.95 m 485 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 659.95 m 489 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 659.95 m 525 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 659.95 m 529 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 659.95 m 563 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 659.95 m 210 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 645.95 m 210 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 659.95 m 214 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 645.95 m 214 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 659.95 m 248 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 645.95 m 248 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 659.95 m 289 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 659.95 m 293 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 645.95 m 293 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 659.95 m 327 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 659.95 m 368 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 645.95 m 368 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 659.95 m 372 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 645.95 m 372 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 659.95 m 406 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 645.95 m 406 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 659.95 m 447 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 659.95 m 451 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 645.95 m 451 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 659.95 m 485 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 659.95 m 489 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 659.95 m 525 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 645.95 m 525 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 659.95 m 529 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525 645.95 m 529 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 659.95 m 563 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 645.95 m 563 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 645.95 m 210 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 631.95 m 210 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 645.95 m 248 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 631.95 m 248 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 645.95 m 289 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 631.95 m 289 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 645.95 m 327 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 631.95 m 327 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 631.95 m 368 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 631.95 m 406 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 645.95 m 447 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 631.95 m 447 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 645.95 m 485 645.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 631.95 m 485 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 631.95 m 525 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 631.95 m 563 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 525.95 m 210 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 525.95 m 248 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 525.95 m 289 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 525.95 m 327 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 525.95 m 368 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 525.95 m 406 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 525.95 m 447 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 525.95 m 485 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 525.95 m 525 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 525.95 m 563 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 525.95 m 210 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 512.95 m 210 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173 510.95 m 210 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 525.95 m 248 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 512.95 m 248 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 510.95 m 248 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 525.95 m 289 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 512.95 m 289 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 510.95 m 289 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 525.95 m 327 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 512.95 m 327 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 510.95 m 327 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 525.95 m 368 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 512.95 m 368 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 510.95 m 368 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 525.95 m 406 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 512.95 m 406 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 510.95 m 406 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 525.95 m 447 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 512.95 m 447 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 510.95 m 447 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 525.95 m 485 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 512.95 m 485 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 510.95 m 485 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 525.95 m 525 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 512.95 m 525 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 510.95 m 525 510.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 525.95 m 563 525.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 512.95 m 563 512.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 510.95 m 563 510.95 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.40 678.41 Td (Reconciliation of GAAP Net Interest Income/Yield to Net Effective Spread) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 664.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.05 664.41 Td (For the Three Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.45 664.41 Td (For the Six Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 650.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.85 650.41 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.35 650.41 Td (March 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.85 650.41 Td (June 30, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.85 650.41 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.35 650.41 Td (June 30, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 636.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.75 636.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.75 636.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.75 636.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.75 636.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.75 636.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.75 636.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 636.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.75 636.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.25 636.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 636.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 622.41 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.15 622.20 Td (\(dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 608.41 Td (Net interest income/yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.50 608.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 181.75 608.41 Td (39,731) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.25 608.41 Td (0.95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 608.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.50 608.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.75 608.41 Td (37,071) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 608.41 Td (0.96) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 608.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 608.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 608.41 Td (34,358) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.25 608.41 Td (0.88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 608.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.50 608.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 608.41 Td (76,802) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 608.41 Td (0.95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.00 608.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 608.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.75 608.41 Td (67,998) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 608.41 Td (0.88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 608.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 594.41 Td (Net effects of consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 585.41 Td (trusts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.25 585.41 Td (\(1,470) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.50 585.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.25 585.41 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 585.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.25 585.41 Td (\(1,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.50 585.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 585.41 Td (0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 585.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.25 585.41 Td (\(1,155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 585.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.25 585.41 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 585.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.25 585.41 Td (\(2,942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 585.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 585.41 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.00 585.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.25 585.41 Td (\(2,199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.50 585.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 585.41 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 585.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 571.41 Td (Expense related to undesignated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 562.41 Td (financial derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.25 562.41 Td (\(2,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.50 562.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.25 562.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.00 562.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.25 562.41 Td (\(2,867) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 285.50 562.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.25 562.41 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.00 562.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.25 562.41 Td (\(2,509) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 562.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.25 562.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 562.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.25 562.41 Td (\(5,642) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 562.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 562.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 562.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.25 562.41 Td (\(5,178) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.50 562.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 562.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 562.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 548.41 Td (Amortization of premiums/) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 539.41 Td (discounts on assets consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 530.41 Td (at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 530.41 Td (124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 228.00 530.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 530.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.00 530.41 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 530.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 530.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 351.00 530.41 Td (332) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.25 530.41 Td (0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 530.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 530.41 Td (258) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 530.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.00 530.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.00 530.41 Td (354) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 530.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 530.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 516.41 Td (Net effective spread) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.50 516.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 181.75 516.41 Td (35,610) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.25 516.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 516.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.50 516.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.75 516.41 Td (32,866) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 516.41 Td (0.91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 516.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 516.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 516.41 Td (31,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.25 516.41 Td (0.84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 516.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.50 516.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 516.41 Td (68,476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 516.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.00 516.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.50 516.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.75 516.41 Td (60,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 516.41 Td (0.83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 516.41 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 478.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 478.60 Td (The following table presents core earnings for Farmer Mac's reportable operating segments and a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 450.80 Td (reconciliation to consolidated net income for the three months ended June 30, 2017:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 370.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 370.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 370.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 370.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 370.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 370.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 370.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 370.70 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 370.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 370.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 370.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 370.70 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 370.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 370.70 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 344.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 344.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 344.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 344.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 344.70 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 344.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 344.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 344.70 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 344.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 344.70 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 318.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 318.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 318.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 318.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 318.70 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 318.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 318.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 318.70 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 318.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 318.70 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 292.70 128.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 292.70 45.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 292.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 292.70 44.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 292.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 292.70 46.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 292.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 292.70 58.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 292.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 292.70 45.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 292.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 292.70 52.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 292.70 17.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 292.70 53.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 273.70 128.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 273.70 45.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 273.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 273.70 44.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 273.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 273.70 46.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 273.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 273.70 58.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 273.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 273.70 45.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 273.70 4.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 273.70 52.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 273.70 17.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 273.70 53.00 -6.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 254.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 254.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 254.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 254.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 254.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 254.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 254.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 254.70 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 254.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 254.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 254.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 254.70 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 254.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 254.70 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 228.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 228.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 228.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 228.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 228.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 228.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 228.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 228.70 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 228.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 228.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 228.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 228.70 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 228.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 228.70 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 202.70 128.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 202.70 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 202.70 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 202.70 44.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 202.70 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 202.70 46.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 202.70 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 202.70 58.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 202.70 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 202.70 45.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 202.70 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 202.70 52.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 202.70 17.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 202.70 53.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 152.70 128.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 152.70 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 152.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 152.70 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 152.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 152.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 152.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 152.70 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 152.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 152.70 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 152.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 152.70 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 152.70 17.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 152.70 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 118.70 128.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 118.70 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 118.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 118.70 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 118.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 118.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 118.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 118.70 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 118.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 118.70 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 118.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 118.70 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 118.70 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 118.70 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 90.70 128.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 90.70 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 90.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 90.70 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 90.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 90.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 90.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 90.70 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 90.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 90.70 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 90.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 90.70 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 90.70 17.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 90.70 53.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 51.5 404.70000000000005 m 179.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 404.70000000000005 m 224.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 404.70000000000005 m 228.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 404.70000000000005 m 272.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 404.70000000000005 m 276.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 404.70000000000005 m 322.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 404.70000000000005 m 326.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 404.70000000000005 m 384.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 404.70000000000005 m 388.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 404.70000000000005 m 433.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 404.70000000000005 m 437.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 404.70000000000005 m 489.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 404.70000000000005 m 506.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 404.70000000000005 m 559.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 383.70000000000005 m 224.5 383.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 383.70000000000005 m 272.5 383.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 383.70000000000005 m 322.5 383.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 404.70000000000005 m 384.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 383.70000000000005 m 384.5 383.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 383.70000000000005 m 433.5 383.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 404.70000000000005 m 489.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 383.70000000000005 m 489.5 383.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 404.70000000000005 m 506.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 404.70000000000005 m 559.5 404.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 383.70000000000005 m 559.5 383.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 344.70000000000005 m 224.5 344.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 344.70000000000005 m 272.5 344.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 344.70000000000005 m 322.5 344.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 344.70000000000005 m 384.5 344.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 344.70000000000005 m 433.5 344.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 344.70000000000005 m 489.5 344.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 305.70000000000005 m 224.5 305.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 305.70000000000005 m 272.5 305.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 305.70000000000005 m 322.5 305.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 305.70000000000005 m 384.5 305.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 305.70000000000005 m 433.5 305.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 305.70000000000005 m 489.5 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119.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 117.70000000000005 m 272.5 117.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 131.70000000000005 m 322.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 119.70000000000005 m 322.5 119.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 117.70000000000005 m 322.5 117.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 131.70000000000005 m 384.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 119.70000000000005 m 384.5 119.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 117.70000000000005 m 384.5 117.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 131.70000000000005 m 433.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 119.70000000000005 m 433.5 119.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 117.70000000000005 m 433.5 117.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 131.70000000000005 m 489.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 119.70000000000005 m 489.5 119.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 117.70000000000005 m 489.5 117.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 131.70000000000005 m 559.5 131.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 119.70000000000005 m 559.5 119.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 117.70000000000005 m 559.5 117.70000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.75 421.95 Td (Core Earnings by Business Segment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.50 408.95 Td (For the Three Months Ended June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.90 395.95 Td (Farm &) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.25 387.95 Td (Ranch) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.30 395.95 Td (USDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.00 387.95 Td (Guarantees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.10 395.95 Td (Rural) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.10 387.95 Td (Utilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 395.95 Td (Institutional) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 387.95 Td (Credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 387.95 Td (Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.65 395.95 Td (Reconciling) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.75 387.95 Td (Adjustments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.35 395.95 Td (Consolidated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.70 387.95 Td (Net Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 374.95 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 348.85 374.74 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 361.95 Td (Net interest income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 361.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 361.95 Td (13,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 361.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 361.95 Td (5,176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 361.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 361.95 Td (3,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 361.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 361.95 Td (15,431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 361.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.25 361.95 Td (2,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 361.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 361.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 361.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 361.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 361.95 Td (39,731) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 348.95 Td (Less: reconciling adjustments) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 155.09 352.58 Td (\(1\)\(2\)\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 348.95 Td (\(2,007) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 348.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.60 348.95 Td (\(495) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 348.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 348.95 Td (\(267) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 348.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 348.95 Td (\(1,036) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 348.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.60 348.95 Td (\(316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 348.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 348.95 Td (4,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.30 348.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 335.95 Td (Net effective spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 335.95 Td (11,331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 335.95 Td (4,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 335.95 Td (2,736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 335.95 Td (14,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.25 335.95 Td (2,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 335.95 Td (4,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.30 335.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 322.95 Td (Guarantee and commitment fees) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 157.73 326.58 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 322.95 Td (4,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 322.95 Td (99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.30 322.95 Td (487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 322.95 Td (165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 322.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 322.95 Td (\(1,470) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 322.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.30 322.95 Td (3,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 309.95 Td (Other income/\(expense\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 131.08 313.58 Td (\(3\)\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.30 309.95 Td (994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 309.95 Td (11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 309.95 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 309.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.60 309.95 Td (\(450) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 309.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.60 309.95 Td (\(288) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 309.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 309.95 Td (272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 296.95 Td (Non-interest income/\(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 296.95 Td (5,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.25 296.95 Td (110) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.30 296.95 Td (492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 296.95 Td (165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.60 296.95 Td (\(450) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 296.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 296.95 Td (\(1,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 296.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.30 296.95 Td (3,744) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 277.95 Td (Provision for loan losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.60 277.95 Td (\(327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 277.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 277.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 277.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 277.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 277.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 277.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 277.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 277.95 Td (\(327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 277.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 258.95 Td (Provision for reserve for losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.60 258.95 Td (\(139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 258.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 258.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 258.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 258.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 258.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 258.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 258.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 258.95 Td (\(139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 258.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 245.95 Td (Other non-interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 245.95 Td (\(4,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 245.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.60 245.95 Td (\(1,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 245.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 245.95 Td (\(643) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 245.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 245.95 Td (\(1,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 245.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 245.95 Td (\(3,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 245.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 245.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 245.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.60 245.95 Td (\(11,251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 245.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 232.95 Td (Non-interest expense) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 127.75 236.58 Td (\(5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 232.95 Td (\(4,585) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 232.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.60 232.95 Td (\(1,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 232.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 232.95 Td (\(643) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 232.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 232.95 Td (\(1,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 232.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 232.95 Td (\(3,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 232.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 232.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 232.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.60 232.95 Td (\(11,390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 232.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 219.95 Td (Core earnings before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 219.95 Td (11,604) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 219.95 Td (3,625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 219.95 Td (2,585) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 219.95 Td (12,938) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 219.95 Td (\(1,357) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 219.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 219.95 Td (2,363) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 492.00 224.06 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 219.95 Td (31,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 206.95 Td (Income tax \(expense\)/benefit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 206.95 Td (\(4,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 206.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.60 206.95 Td (\(1,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 206.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 206.95 Td (\(905) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 206.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 206.95 Td (\(4,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 206.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 206.95 Td (466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.60 206.95 Td (\(827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 206.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.60 206.95 Td (\(11,124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 206.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 185.95 Td (Core earnings before preferred) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 177.95 Td (stock dividends and attribution of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 169.95 Td (income to non-controlling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 169.95 Td (7,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 169.95 Td (2,356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 169.95 Td (1,680) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 169.95 Td (8,410) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.60 169.95 Td (\(891) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 169.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 169.95 Td (1,536) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 492.00 174.06 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 169.95 Td (20,634) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 156.95 Td (Preferred stock dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 156.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 156.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 156.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 156.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 156.95 Td (\(3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 156.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 156.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 156.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.60 156.95 Td (\(3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 156.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 135.95 Td (Non-controlling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 135.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 135.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 135.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 135.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 135.95 Td (150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 135.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 135.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 135.95 Td (150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 122.95 Td (Segment core earnings/\(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 122.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 122.95 Td (7,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 122.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 122.95 Td (2,356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 122.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 122.95 Td (1,680) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 122.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 122.95 Td (8,410) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 122.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 122.95 Td (\(4,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 122.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 122.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 122.95 Td (1,536) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 492.00 127.06 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 122.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 122.95 Td (17,488) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 94.95 Td (Total assets at carrying value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 94.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 94.95 Td (3,958,344) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 94.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.25 94.95 Td (2,141,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 94.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.25 94.95 Td (1,038,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 94.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 94.95 Td (7,425,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 94.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.25 94.95 Td (2,703,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 94.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 94.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 94.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 94.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 94.95 Td (17,267,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 81.95 Td (Total on- and off-balance sheet) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 73.95 Td (program assets at principal balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 73.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 73.95 Td (6,426,518) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 73.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.25 73.95 Td (2,237,013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 73.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.25 73.95 Td (1,883,909) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 73.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 73.95 Td (7,711,418) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 73.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 73.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 73.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 73.95 Td (18,258,858) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 61.23 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 57.60 Td (Excludes the amortization of premiums and discounts on assets consolidated at fair value, originally included in interest income, to reflect core earnings ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 48.00 Td (amounts.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 747.13 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 743.50 Td (Includes the reclassification of interest income and interest expense from consolidated trusts owned by third parties to guarantee and commitment fees, to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 733.90 Td (reflect management's view that the net interest income Farmer Mac earns is ef) Tj ET Q q 0 0 0 rg BT 317.14 733.90 Td (fectively a guarantee fee. ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 727.92 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 724.30 Td (Includes the reclassification of interest expense related to interest rate swaps not designated as hedges, which are included in "Gains/\(losses\) on financial ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 714.70 Td (derivatives and hedging activities" on the consolidated financial statements, to determine the ef) Tj ET Q q 0 0 0 rg BT 372.08 714.70 Td (fective funding cost for each operating segment.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 708.73 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 705.10 Td (Includes reconciling adjustments for fair value adjustments on financial derivatives and trading assets. ) Tj ET Q q 0 0 0 rg BT 396.29 705.10 Td (Also includes a reconciling adjustment related to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 695.50 Td (the recognition of deferred gains over the estimated lives of certain Farmer Mac Guaranteed Securities and USDA) Tj ET Q q 0 0 0 rg BT 432.70 695.50 Td ( Securities. In 2016 and prior periods, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 685.90 Td (fair value adjustments on financial derivatives included variation mar) Tj ET Q q 0 0 0 rg BT 289.50 685.90 Td (gin payment amounts because those amounts were considered to be collateral of the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 676.30 Td (related exposure and were accounted for as unrealized gains or losses. However) Tj ET Q q 0 0 0 rg BT 322.63 676.30 Td (, ef) Tj ET Q q 0 0 0 rg BT 332.70 676.30 Td (fective first quarter 2017, CME implemented a change in its rules ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 666.70 Td (related to the exchange of variation mar) Tj ET Q q 0 0 0 rg BT 194.85 666.70 Td (gin, whereby variation mar) Tj ET Q q 0 0 0 rg BT 281.34 666.70 Td (gin payments are considered a partial settlement of the respective derivatives contracts ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 657.10 Td (rather than as pledged collateral, and accounted for as realized gains and losses. Farmer Mac believes that even though these variation mar) Tj ET Q q 0 0 0 rg BT 510.52 657.10 Td (gin amounts are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 647.50 Td (now accounted for as realized gains or losses on financial derivatives and hedging activities as a result of the CME rule change, their economic character ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 637.90 Td (will remain the same as they were before the change. ) Tj ET Q q 0 0 0 rg BT 239.06 637.90 Td (The exchange of variation mar) Tj ET Q q 0 0 0 rg BT 337.09 637.90 Td (gin, whether considered a partial settlement of or the pledge of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 628.30 Td (collateral under a derivatives contract, is not expected to have a cumulative net impact on Farmer Mac's financial condition or results of operations ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 618.70 Td (reported in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 180.05 618.70 Td ( because the related financial instruments are expected to be held to maturity) Tj ET Q q 0 0 0 rg BT 424.77 618.70 Td (. ) Tj ET Q q 0 0 0 rg BT 428.62 618.70 Td (Therefore, beginning in 2017, this ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 609.10 Td (reconciling adjustment includes realized gains and losses on financial derivatives centrally cleared through CME resulting from the exchange of variation ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 599.50 Td (mar) Tj ET Q q 0 0 0 rg BT 79.79 599.50 Td (gin. ) Tj ET Q q 0 0 0 rg BT 93.57 599.50 Td (As a result, core earnings subsequent to 2016 will be presented on a consistent basis with core earnings in 2016 and prior periods.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 593.52 Td (\(5\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 589.90 Td (Includes directly attributable costs and an allocation of indirectly attributable costs based on staf) Tj ET Q q 0 0 0 rg BT 375.48 589.90 Td (fing.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 583.92 Td (\(6\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 580.30 Td (Netadjustments to reconcile to the corresponding income measures: core earnings before income taxes reconciled to income before income taxes; core ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 570.70 Td (earnings before preferred stock dividends and attribution of income to non-controlling interest reconciled to net income; and segment core earnings ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 561.10 Td (reconciled to net income attributable to common stockholders.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (Supplemental Information) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 711.90 Td (The following table sets forth information regarding outstanding volume in each of Farmer Mac's four ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 697.50 Td (lines of business as of the dates indicated:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 630.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 630.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 630.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 630.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 602.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 602.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 602.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 602.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 574.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 574.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 574.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 574.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 546.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 546.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 546.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 546.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 518.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 518.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 518.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 518.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 490.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 490.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 490.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 490.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 462.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 462.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 462.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 462.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 434.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 434.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 434.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 434.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 406.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 406.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 406.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 406.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 378.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 378.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 378.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 378.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 350.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 350.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 350.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 350.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 322.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 322.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 322.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 322.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 294.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 294.60 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 294.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 294.60 99.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 658.6 m 357.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 658.6 m 458.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 658.6 m 462.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 658.6 m 561.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 658.6 m 357.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 658.6 m 458.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 644.6 m 458.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 658.6 m 462.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 658.6 m 561.5 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 644.6 m 561.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 644.6 m 458.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 644.6 m 561.5 644.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 462.6 m 458.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 462.6 m 561.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 462.6 m 458.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 448.6 m 458.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 462.6 m 561.5 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 448.6 m 561.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 294.6 m 458.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 294.6 m 561.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 294.6 m 458.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 280.6 m 458.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 294.6 m 561.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 280.6 m 561.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 267.6 m 458.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 265.6 m 458.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 267.6 m 561.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 265.6 m 561.5 265.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.15 663.06 Td (Lines of Business - Outstanding Business Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 649.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.35 649.06 Td (As of June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.10 649.06 Td (As of December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 635.06 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.00 634.85 Td (\(inthousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 621.06 Td (On-balance sheet:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 607.06 Td (Farm & Ranch:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 593.06 Td (Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 593.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 593.06 Td (2,641,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 593.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 593.06 Td (2,381,488) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 579.06 Td (Loans held in trusts:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 565.06 Td (Beneficial interests owned by third party investors) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 565.06 Td (1,240,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 565.06 Td (1,132,966) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 551.06 Td (USDA Guarantees:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 537.06 Td (USDA Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 537.06 Td (2,014,241) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 537.06 Td (1,954,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 523.06 Td (Farmer Mac Guaranteed USDA Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 523.06 Td (36,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 523.06 Td (35,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 509.06 Td (Rural Utilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 495.06 Td (Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 495.06 Td (1,024,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 495.06 Td (999,512) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 481.06 Td (Institutional Credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 467.06 Td (AgV) Tj ET Q q 0 0 0 rg BT 80.50 467.06 Td (antage Securities) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 141.73 471.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 467.06 Td (7,398,204) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 467.06 Td (6,004,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 453.06 Td (Total on-balance sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 453.06 Td (14,355,565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 453.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 453.06 Td (12,508,837) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 439.06 Td (Off-balance sheet:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 425.06 Td (Farm & Ranch:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 411.06 Td (LTSPCs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 411.06 Td (2,176,625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 411.06 Td (2,209,409) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 397.06 Td (Guaranteed Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 397.06 Td (367,419) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 397.06 Td (415,441) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 383.06 Td (USDA Guarantees:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 369.06 Td (Farmer Mac Guaranteed USDA Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 369.06 Td (186,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 369.06 Td (103,976) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 355.06 Td (Rural Utilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 341.06 Td (L) Tj ET Q q 0 0 0 rg BT 68.67 341.06 Td (TSPCs) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 93.69 345.14 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 341.06 Td (859,779) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 341.06 Td (878,598) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 327.06 Td (Institutional Credit:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 313.06 Td (AgV) Tj ET Q q 0 0 0 rg BT 80.50 313.06 Td (antage Securities) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 141.73 317.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 313.06 Td (13,214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 313.06 Td (983,214) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 299.06 Td (AgV) Tj ET Q q 0 0 0 rg BT 80.50 299.06 Td (antage Revolving Line of Credit Facility) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 226.72 303.14 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.75 299.06 Td (300,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 299.06 Td (300,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.00 285.06 Td (Total off-balance sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 285.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 285.06 Td (3,903,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 285.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 285.06 Td (4,890,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 271.06 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 271.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 271.06 Td (18,258,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 271.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 271.06 Td (17,399,475) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 260.13 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 256.50 Td (In ) Tj ET Q q 0 0 0 rg BT 75.72 256.50 Td (April 2017, Farmer Mac purchased and retained $1.0 billion in ) Tj ET Q q 0 0 0 rg BT 278.34 256.50 Td (AgV) Tj ET Q q 0 0 0 rg BT 293.01 256.50 Td (antage securities from MetLife. MetLife used the proceeds from Farmer Mac's ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 246.90 Td (purchase of $1.0 billion in ) Tj ET Q q 0 0 0 rg BT 153.27 246.90 Td (AgV) Tj ET Q q 0 0 0 rg BT 167.93 246.90 Td (antage securities to refinance an ) Tj ET Q q 0 0 0 rg BT 272.11 246.90 Td (AgV) Tj ET Q q 0 0 0 rg BT 286.77 246.90 Td (antage security of the same amount that matured in ) Tj ET Q q 0 0 0 rg BT 451.83 246.90 Td (April 2017. Previously) Tj ET Q q 0 0 0 rg BT 526.42 246.90 Td (, $970.0 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 237.30 Td (million of the maturing $1.0 billion ) Tj ET Q q 0 0 0 rg BT 182.38 237.30 Td (AgV) Tj ET Q q 0 0 0 rg BT 197.05 237.30 Td (antage security had been sold to third parties and reported as of) Tj ET Q q 0 0 0 rg BT 399.28 237.30 Td (f-balance sheet business volume in the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 227.70 Td (Institutional Credit line of business.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 220.73 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 217.10 Td (As of both June30, 2017 and December 31 2016, includes $20.0 million related to one-year loan purchase commitments on which Farmer Mac receives a ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 207.50 Td (nominal unused commitment fee.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 200.52 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 196.90 Td (During the first half of 2017, $100.0 million of this facility was drawn and subsequently repaid. ) Tj ET Q q 0 0 0 rg BT 377.22 196.90 Td (As of December 31, 2016, this facility had not been ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 187.30 Td (utilized. Farmer Mac receives a fixed fee based on the full dollar amount of the facility) Tj ET Q q 0 0 0 rg BT 347.09 187.30 Td (. If the counterparty draws on the facility) Tj ET Q q 0 0 0 rg BT 479.64 187.30 Td (, the amounts drawn will ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 177.70 Td (be in the form of ) Tj ET Q q 0 0 0 rg BT 122.82 177.70 Td (AgV) Tj ET Q q 0 0 0 rg BT 137.49 177.70 Td (antage securities, and Farmer Mac will earn interest income on those securities.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 725.30 Td (The following table presents the quarterly net ef) Tj ET Q q 0 0 0 rg BT 280.20 725.30 Td (fective spread by segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 641.20 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 641.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 641.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 641.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 641.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 641.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 641.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 641.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 641.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 641.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 641.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 641.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 641.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 641.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 611.20 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 611.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 611.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 611.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 611.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 611.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 611.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 611.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 611.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 611.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 611.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 611.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 611.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 611.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 581.20 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 581.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 581.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 581.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 581.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 581.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 581.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 581.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 581.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 581.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 581.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 581.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 581.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 581.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 551.20 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 551.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 551.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 551.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 551.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 551.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 551.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 551.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 551.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 551.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 551.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 551.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 551.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 551.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 521.20 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 521.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 521.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 521.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 521.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 521.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 521.20 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 521.20 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 521.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 521.20 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 521.20 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 521.20 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 521.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 521.20 32.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133 690.2 m 166 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166 690.2 m 170 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 690.2 m 200 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 690.2 m 204 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 690.2 m 237 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237 690.2 m 241 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 690.2 m 271 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 690.2 m 275 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 690.2 m 308 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 690.2 m 312 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 690.2 m 342 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 690.2 m 346 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 690.2 m 383 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 690.2 m 387 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 690.2 m 418 690.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133 669.2 m 166 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166 669.2 m 170 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 669.2 m 200 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 669.2 m 237 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237 669.2 m 241 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 669.2 m 271 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 669.2 m 308 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 669.2 m 312 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 669.2 m 342 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 669.2 m 383 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 669.2 m 387 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 669.2 m 418 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 669.2 m 455 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 669.2 m 459 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 669.2 m 490 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 669.2 m 526 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 669.2 m 530 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 669.2 m 562 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133 656.2 m 166 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 656.2 m 200 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 656.2 m 237 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 656.2 m 271 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 656.2 m 308 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 656.2 m 342 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 669.2 m 383 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 656.2 m 383 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 669.2 m 387 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 669.2 m 418 669.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 656.2 m 418 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 656.2 m 455 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 656.2 m 490 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 656.2 m 526 656.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 656.2 m 562 656.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.60 694.45 Td (Net Effective Spread by Line of Business) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.20 673.45 Td (Farm & Ranch) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.30 673.45 Td (USDA Guarantees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.20 673.45 Td (Rural Utilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.15 673.45 Td (Institutional Credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.50 673.45 Td (Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.10 681.45 Td (Net Effective) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.35 673.45 Td (Spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.20 660.45 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.80 660.45 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.20 660.45 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.80 660.45 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.20 660.45 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.80 660.45 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.20 660.45 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 660.45 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.20 660.45 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 660.45 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.70 660.45 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 660.45 Td (Yield) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.05 645.24 Td (\(dollars in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 630.45 Td (For the quarter ended:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 615.45 Td (June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 102.16 619.08 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.50 615.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 615.45 Td (11,331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 615.45 Td (1.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 615.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.50 615.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 615.45 Td (4,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 615.45 Td (0.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 615.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.50 615.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 615.45 Td (2,736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 615.45 Td (1.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 615.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.50 615.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 615.45 Td (14,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 615.45 Td (0.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 615.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.50 615.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 615.45 Td (2,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 615.45 Td (0.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 615.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.50 615.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 615.45 Td (35,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 615.45 Td (0.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 615.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 600.45 Td (March 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 600.45 Td (10,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 600.45 Td (1.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 600.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 600.45 Td (4,703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 600.45 Td (0.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 600.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 600.45 Td (2,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 600.45 Td (1.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 600.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 600.45 Td (12,581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 600.45 Td (0.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 600.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 600.45 Td (2,259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 600.45 Td (0.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 600.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 600.45 Td (32,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 600.45 Td (0.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 600.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 585.45 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 585.45 Td (10,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 585.45 Td (1.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 585.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 585.45 Td (5,334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 585.45 Td (1.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 585.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 585.45 Td (2,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 585.45 Td (1.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 585.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 585.45 Td (11,627) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 585.45 Td (0.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 585.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 585.45 Td (1,995) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 585.45 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 585.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 585.45 Td (31,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 585.45 Td (0.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 585.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 570.45 Td (September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 570.45 Td (10,703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 570.45 Td (1.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 570.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 570.45 Td (5,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 570.45 Td (1.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 570.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 570.45 Td (2,643) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 570.45 Td (1.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 570.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 570.45 Td (11,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 570.45 Td (0.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 570.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 570.45 Td (2,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 570.45 Td (0.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 570.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 570.45 Td (32,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 570.45 Td (0.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 570.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 555.45 Td (June 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 555.45 Td (9,875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 555.45 Td (1.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 555.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 555.45 Td (4,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 555.45 Td (0.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 555.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 555.45 Td (2,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 555.45 Td (1.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 555.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 555.45 Td (11,407) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 555.45 Td (0.77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 555.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 555.45 Td (2,594) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 555.45 Td (0.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 555.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 555.45 Td (31,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 555.45 Td (0.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 555.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 540.45 Td (March 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 540.45 Td (9,461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 540.45 Td (1.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 540.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 540.45 Td (4,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 540.45 Td (0.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 540.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 540.45 Td (2,538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 540.45 Td (1.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 540.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 540.45 Td (11,090) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 540.45 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 540.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 540.45 Td (2,552) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 540.45 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 540.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 540.45 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 540.45 Td (0.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 540.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 525.45 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 525.45 Td (9,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 525.45 Td (1.72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 525.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 525.45 Td (4,518) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 525.45 Td (0.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 525.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 525.45 Td (2,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 525.45 Td (1.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 525.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 525.45 Td (10,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 525.45 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 525.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 525.45 Td (2,306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 525.45 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 525.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 525.45 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 525.45 Td (0.85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 525.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 510.45 Td (September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 510.45 Td (9,628) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 510.45 Td (1.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 510.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 510.45 Td (4,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 510.45 Td (0.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 510.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 510.45 Td (2,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 510.45 Td (1.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 510.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 510.45 Td (11,271) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 510.45 Td (0.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 510.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 510.45 Td (1,951) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 510.45 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 510.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 510.45 Td (30,387) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 510.45 Td (0.88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 510.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 495.45 Td (June 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 495.45 Td (9,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 495.45 Td (1.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 495.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 495.45 Td (4,466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 495.45 Td (0.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 495.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 495.45 Td (2,838) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 495.45 Td (1.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 495.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 495.45 Td (10,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 495.45 Td (0.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 495.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 495.45 Td (1,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 495.45 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 495.45 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 495.45 Td (29,787) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 495.45 Td (0.88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 495.45 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 31.50 482.73 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (Net ef) Tj ET Q q 0 0 0 rg BT 69.12 479.10 Td (fective spread is a non-GAAP) Tj ET Q q 0 0 0 rg BT 164.80 479.10 Td ( measure. See "Non-GAAP) Tj ET Q q 0 0 0 rg BT 254.19 479.10 Td ( Measures" for a reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 385.12 479.10 Td ( net interest income by line of business to net ef) Tj ET Q q 0 0 0 rg BT 537.83 479.10 Td (fective ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 469.50 Td (spread by line of business.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (The following table presents quarterly core earnings reconciled to net income attributable to common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 726.30 Td (stockholders:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 651.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 651.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 651.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 651.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 651.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 651.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 651.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 651.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 651.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 651.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 651.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 625.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 625.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 625.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 625.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 625.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 625.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 625.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 625.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 625.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 625.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 599.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 599.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 599.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 599.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 599.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 599.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 599.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 599.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 599.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 599.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 599.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 578.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 578.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 578.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 578.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 578.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 578.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 578.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 578.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 578.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 578.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 578.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 552.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 552.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 552.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 552.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 552.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 552.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 552.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 552.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 552.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 552.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 552.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 526.40 129.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 526.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 526.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 526.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 526.40 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 526.40 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 526.40 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 526.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 526.40 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 526.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 526.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 497.40 129.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 497.40 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 497.40 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 497.40 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 497.40 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 497.40 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 497.40 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 497.40 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 497.40 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 497.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 497.40 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 462.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 462.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 462.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 462.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 462.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 462.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 462.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 462.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 462.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 462.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 462.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 436.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 436.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 436.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 436.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 436.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 436.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 436.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 436.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 436.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 436.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 436.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 415.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 415.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 415.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 415.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 415.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 415.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 415.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 415.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 415.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 415.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 415.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 389.40 129.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 389.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 389.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 389.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 389.40 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 389.40 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 389.40 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 389.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 389.40 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 389.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 389.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 355.40 129.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 355.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 355.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 355.40 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 355.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 355.40 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 355.40 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 355.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 355.40 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 355.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 355.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 334.40 129.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 334.40 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 334.40 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 334.40 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 334.40 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 334.40 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 334.40 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 334.40 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 334.40 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 334.40 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 334.40 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 291.40 129.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 291.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 291.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 291.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 291.40 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 291.40 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 291.40 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 291.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 291.40 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 291.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 291.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 241.40 129.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 241.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 241.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 241.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 241.40 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 241.40 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 241.40 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 241.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 241.40 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 241.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 241.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 199.40 129.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 199.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 199.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 199.40 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 199.40 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 199.40 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 199.40 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 199.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 199.40 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 199.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.00 199.40 36.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 686.4 m 179 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 686.4 m 215 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 686.4 m 219 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 686.4 m 259 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259 686.4 m 263 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 686.4 m 303 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 686.4 m 307 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 686.4 m 349 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 686.4 m 353 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 686.4 m 388 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 686.4 m 392 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 686.4 m 431 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 686.4 m 435 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 686.4 m 476 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 686.4 m 480 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 686.4 m 523 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 686.4 m 527 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 686.4 m 563 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 686.4 m 215 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 664.4 m 215 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215 686.4 m 219 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 686.4 m 259 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 664.4 m 259 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259 686.4 m 263 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 686.4 m 303 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 664.4 m 303 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 686.4 m 307 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 686.4 m 349 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 664.4 m 349 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 686.4 m 353 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 686.4 m 388 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 664.4 m 388 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 686.4 m 392 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 686.4 m 431 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 664.4 m 431 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 686.4 m 435 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 686.4 m 476 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 664.4 m 476 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 686.4 m 480 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 686.4 m 523 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 664.4 m 523 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 686.4 m 527 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 686.4 m 563 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 664.4 m 563 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 664.4 m 215 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 664.4 m 259 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 664.4 m 303 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 664.4 m 349 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 664.4 m 388 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 664.4 m 431 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 664.4 m 476 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 664.4 m 523 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 664.4 m 563 664.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 599.4 m 215 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 599.4 m 259 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 599.4 m 303 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 599.4 m 349 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 599.4 m 388 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 599.4 m 431 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 599.4 m 476 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 599.4 m 523 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 599.4 m 563 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 599.4 m 523 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 599.4 m 563 599.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 526.4 m 215 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 526.4 m 259 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 526.4 m 303 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 526.4 m 349 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 526.4 m 388 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 526.4 m 431 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 526.4 m 476 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 526.4 m 523 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 526.4 m 563 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 526.4 m 523 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 526.4 m 563 526.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 436.4 m 215 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 436.4 m 259 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 436.4 m 303 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 436.4 m 349 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 436.4 m 388 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 436.4 m 431 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 436.4 m 215 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 423.4 m 215 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 436.4 m 259 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 423.4 m 259 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 436.4 m 303 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 423.4 m 303 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 436.4 m 349 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 423.4 m 349 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 436.4 m 388 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 423.4 m 388 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 436.4 m 431 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 423.4 m 431 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 436.4 m 476 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 423.4 m 476 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 436.4 m 523 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 423.4 m 523 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 436.4 m 563 436.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 423.4 m 563 423.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 355.4 m 215 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 355.4 m 259 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 355.4 m 303 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 355.4 m 349 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 355.4 m 388 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 355.4 m 431 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 355.4 m 476 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 355.4 m 523 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 355.4 m 563 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 343.4 m 215 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 341.4 m 215 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 343.4 m 259 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 341.4 m 259 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 343.4 m 303 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 341.4 m 303 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 343.4 m 349 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 341.4 m 349 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 343.4 m 388 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 341.4 m 388 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 343.4 m 431 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 341.4 m 431 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 343.4 m 476 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 341.4 m 476 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 355.4 m 523 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 343.4 m 523 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 341.4 m 523 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 355.4 m 563 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 343.4 m 563 343.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 341.4 m 563 341.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 199.39999999999998 m 215 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 199.39999999999998 m 259 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 199.39999999999998 m 303 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 199.39999999999998 m 349 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 199.39999999999998 m 388 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 199.39999999999998 m 431 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 199.39999999999998 m 476 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 199.39999999999998 m 523 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 199.39999999999998 m 563 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 199.39999999999998 m 215 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 179.39999999999998 m 215 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 177.39999999999998 m 215 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 199.39999999999998 m 259 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 179.39999999999998 m 259 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 177.39999999999998 m 259 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 199.39999999999998 m 303 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 179.39999999999998 m 303 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 177.39999999999998 m 303 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 199.39999999999998 m 349 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 179.39999999999998 m 349 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 177.39999999999998 m 349 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 199.39999999999998 m 388 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 179.39999999999998 m 388 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 177.39999999999998 m 388 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 199.39999999999998 m 431 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 179.39999999999998 m 431 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 177.39999999999998 m 431 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 199.39999999999998 m 476 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 179.39999999999998 m 476 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 177.39999999999998 m 476 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 199.39999999999998 m 523 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 179.39999999999998 m 523 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 177.39999999999998 m 523 177.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 199.39999999999998 m 563 199.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 179.39999999999998 m 563 179.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527 177.39999999999998 m 563 177.39999999999998 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.45 691.07 Td (Core Earnings by Quarter Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.15 676.65 Td (June) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.50 668.65 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.05 676.65 Td (March) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 668.65 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.05 676.65 Td (December) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.50 668.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.35 676.65 Td (September) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.50 668.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.65 676.65 Td (June) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 668.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.55 676.65 Td (March) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 668.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.55 676.65 Td (December) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.00 668.65 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.85 676.65 Td (September) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 668.65 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.15 676.65 Td (June) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 668.65 Td (2015) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 350.35 655.44 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 642.65 Td (Revenues:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 629.65 Td (Net effective spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.80 629.65 Td (35,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 629.65 Td (32,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.75 629.65 Td (31,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.75 629.65 Td (32,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 629.65 Td (31,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.75 629.65 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.75 629.65 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.75 629.65 Td (30,387) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.50 629.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 629.65 Td (29,787) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 616.65 Td (Guarantee and commitment fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.80 616.65 Td (4,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 616.65 Td (5,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 616.65 Td (5,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 616.65 Td (4,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 616.65 Td (4,810) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.75 616.65 Td (4,669) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.75 616.65 Td (4,730) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 616.65 Td (4,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 616.65 Td (4,085) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 603.65 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.10 603.65 Td (\(197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.80 603.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 603.65 Td (1,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 603.65 Td (1,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.10 603.65 Td (\(32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 603.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.10 603.65 Td (\(125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 603.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.10 603.65 Td (\(517) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 603.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.10 603.65 Td (\(284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 603.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.10 603.65 Td (\(93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 603.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.10 603.65 Td (\(24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 603.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 590.65 Td (Total revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.80 590.65 Td (40,355) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 590.65 Td (39,244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.75 590.65 Td (38,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.75 590.65 Td (36,700) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 590.65 Td (35,711) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.75 590.65 Td (34,101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.75 590.65 Td (34,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.75 590.65 Td (34,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 590.65 Td (33,848) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 569.65 Td (Credit related \(income\)/expense:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 556.65 Td (Provision for/\(release of\) losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.80 556.65 Td (466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 556.65 Td (444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.75 556.65 Td (512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.10 556.65 Td (\(31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 556.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 556.65 Td (458) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.75 556.65 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.10 556.65 Td (\(49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 556.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.10 556.65 Td (\(303) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 556.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 556.65 Td (1,256) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 543.65 Td (REO operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.80 543.65 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.75 543.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 543.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 543.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 543.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.75 543.65 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 543.65 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.80 543.65 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 543.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 530.65 Td (\(Gains\)/losses on sale of REO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.10 530.65 Td (\(757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.80 530.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.80 530.65 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 530.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.10 530.65 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 530.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.80 530.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.75 530.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.80 530.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.80 530.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 530.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 517.65 Td (Total credit related \(income\)/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 509.65 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.10 509.65 Td (\(268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.80 509.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 509.65 Td (449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.75 509.65 Td (512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.10 509.65 Td (\(46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 509.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 509.65 Td (458) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.75 509.65 Td (102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.10 509.65 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 509.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.10 509.65 Td (\(255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 509.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 509.65 Td (1,256) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 487.65 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 474.65 Td (Compensation and employee) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 466.65 Td (benefits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.80 466.65 Td (6,682) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 466.65 Td (6,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 466.65 Td (5,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 466.65 Td (5,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 466.65 Td (5,611) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.75 466.65 Td (5,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.75 466.65 Td (5,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 466.65 Td (5,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 466.65 Td (5,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 453.65 Td (General and administrative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.80 453.65 Td (3,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 453.65 Td (3,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 453.65 Td (4,352) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 453.65 Td (3,474) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 453.65 Td (3,757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.75 453.65 Td (3,526) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.75 453.65 Td (3,238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 453.65 Td (3,676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 453.65 Td (3,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 440.65 Td (Regulatory fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.80 440.65 Td (625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 440.65 Td (625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.75 440.65 Td (625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.75 440.65 Td (613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 440.65 Td (612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.75 440.65 Td (613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.75 440.65 Td (613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.75 440.65 Td (600) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 440.65 Td (600) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 427.65 Td (Total operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.80 427.65 Td (11,228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 427.65 Td (10,742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.75 427.65 Td (10,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 427.65 Td (9,525) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 427.65 Td (9,980) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.75 427.65 Td (9,913) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.75 427.65 Td (9,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 427.65 Td (9,512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 427.65 Td (9,707) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 406.65 Td (Net earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.80 406.65 Td (29,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 406.65 Td (28,053) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.75 406.65 Td (26,837) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.75 406.65 Td (27,221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 406.65 Td (25,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.75 406.65 Td (24,086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.75 406.65 Td (25,164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.75 406.65 Td (25,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 406.65 Td (22,885) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 393.65 Td (Income tax expense) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 116.03 397.28 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.80 393.65 Td (10,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 393.65 Td (9,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 393.65 Td (9,581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 393.65 Td (9,497) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 393.65 Td (8,956) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.75 393.65 Td (8,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.75 393.65 Td (8,855) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 393.65 Td (8,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 393.65 Td (8,091) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 380.65 Td (Net \(loss\)/income attributable to non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 372.65 Td (controlling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.10 372.65 Td (\(150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.10 372.65 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.75 372.65 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.10 372.65 Td (\(18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.10 372.65 Td (\(16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.10 372.65 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.10 372.65 Td (\(60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.10 372.65 Td (\(36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.10 372.65 Td (\(119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 372.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 359.65 Td (Preferred stock dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.80 359.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 359.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 359.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 359.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 359.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.75 359.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.75 359.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 359.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 359.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 346.65 Td (Core earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.80 346.65 Td (15,952) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 346.65 Td (15,607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.75 346.65 Td (13,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.75 346.65 Td (14,447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 346.65 Td (13,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.75 346.65 Td (12,375) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.75 346.65 Td (13,073) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.75 346.65 Td (13,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.50 346.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 346.65 Td (11,617) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 324.65 Td (Reconciling items:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 311.65 Td (Gains/\(losses\) on financial) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 303.65 Td (derivatives and hedging activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 295.65 Td (due to fair value changes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.80 295.65 Td (2,221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 295.65 Td (4,805) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.75 295.65 Td (17,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 295.65 Td (1,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.10 295.65 Td (\(2,076) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 295.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.10 295.65 Td (\(2,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 295.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.75 295.65 Td (2,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.10 295.65 Td (\(6,906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 295.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 295.65 Td (15,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 282.65 Td (Unrealized \(losses\)/gains on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 274.65 Td (trading assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.10 274.65 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.80 274.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.10 274.65 Td (\(82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.80 274.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.10 274.65 Td (\(474) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 274.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 327.75 274.65 Td (1,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 274.65 Td (394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.75 274.65 Td (358) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.75 274.65 Td (696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.10 274.65 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 274.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 274.65 Td (170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 261.65 Td (Amortization of premiums/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 253.65 Td (discounts and deferred gains on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 245.65 Td (assets consolidated at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.10 245.65 Td (\(117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.10 245.65 Td (\(127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.10 245.65 Td (\(40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.10 245.65 Td (\(157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.10 245.65 Td (\(371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.10 245.65 Td (\(281) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.10 245.65 Td (\(263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.10 245.65 Td (\(117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.10 245.65 Td (\(125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 245.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 232.65 Td (Net effects of settlements on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 224.65 Td (agency forward contracts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.80 224.65 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.75 224.65 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 224.65 Td (1,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.75 224.65 Td (464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 224.65 Td (466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.10 224.65 Td (\(255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 224.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.10 224.65 Td (\(162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 224.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.10 224.65 Td (\(390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 224.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 224.65 Td (197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 211.65 Td (Income tax effect related to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 203.65 Td (reconciling items) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.10 203.65 Td (\(827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.80 203.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.10 203.65 Td (\(1,620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.80 203.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.10 203.65 Td (\(6,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.80 203.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.10 203.65 Td (\(1,032) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 203.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.80 203.65 Td (556) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.75 203.65 Td (1,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.10 203.65 Td (\(1,055) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.80 203.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 203.65 Td (2,598) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 203.65 Td (\(5,679) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 203.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 190.65 Td (Net income attributable to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 182.65 Td (common stockholders) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.80 182.65 Td (17,488) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 182.65 Td (18,615) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.75 182.65 Td (25,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.75 182.65 Td (16,364) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 182.65 Td (12,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.75 182.65 Td (10,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.75 182.65 Td (15,032) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 182.65 Td (8,359) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.50 182.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 182.65 Td (22,162) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 169.92 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 166.30 Td (First quarter 2017 includes $0.7 million of tax benefits upon the vesting of restricted stock and the exercise of SARs associated with new accounting ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 156.70 Td (guidance for stock-based awards that became ef) Tj ET Q q 0 0 0 rg BT 220.62 156.70 Td (fective in first quarter 2017.) 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