%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 128.50 644.00 Td (Farmer) Tj ET Q q 0 0 0 rg BT 193.65 644.00 Td ( Mac Reports ) Tj ET Q q 0 0 0 rg BT 313.80 644.00 Td (Third Quarter) Tj ET Q q 0 0 0 rg BT 438.43 644.00 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 $18.6 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, November 9, 2017) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 260.92 557.40 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 272.92 557.40 Td ( ) Tj ET Q q 0 0 0 rg BT 275.71 557.40 Td (The Federal ) Tj ET Q q 0 0 0 rg BT 335.68 557.40 Td (Agricultural Mortgage Corporation \(Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 529.55 Td (Mac; NYSE: ) Tj ET Q q 0 0 0 rg BT 114.16 529.55 Td (AGM and ) Tj ET Q q 0 0 0 rg BT 164.83 529.55 Td (AGM.A\) today announced its results for the fiscal quarter ended September 30, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 501.70 Td (2017, which included $385.4 million in net new business volume growth that brought total outstanding ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 473.85 Td (business volume to $18.6 billion as of September 30, 2017. Farmer Mac's net income attributable to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 446.00 Td (common stockholders for third quarter 2017 was $18.5 million \($1.71 per diluted common share\), ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 418.20 Td (compared to $17.5 million \($1.62per diluted common share\) in second quarter 2017 and $16.4 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 390.35 Td (\($1.54 per diluted common share\) in third quarter 2016. Farmer Mac's third quarter 2017 core earnings, a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 362.50 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 103.72 362.50 Td ( measure, were $17.0million \($1.57 per diluted common share\), compared to $16.0 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 334.65 Td (\($1.48 per diluted common share\) in second quarter 2017 and $14.4 million \($1.36 per diluted common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 306.85 Td (share\) in third quarter 2016. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 279.00 Td ("Disciplined execution on our strategy) Tj ET Q q 0 0 0 rg BT 269.57 279.00 Td (, our success in business development ef) Tj ET Q q 0 0 0 rg BT 463.65 279.00 Td (forts, and current ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 251.15 Td (industry dynamics that play to our strengths continue to help produce strong results for Farmer Mac," said ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 223.30 Td (President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 210.57 223.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 235.33 223.30 Td (T) Tj ET Q q 0 0 0 rg BT 242.24 223.30 Td (im Buzby) Tj ET Q q 0 0 0 rg BT 288.46 223.30 Td (. "Our third quarter 2017 results reflect these factors, as ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 195.45 Td (outstanding business volume reached a new record high of $18.6 billion and core earnings per share grew ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 167.65 Td (15 percent year) Tj ET Q q 0 0 0 rg BT 123.22 167.65 Td (-over) Tj ET Q q 0 0 0 rg BT 148.29 167.65 Td (-year) Tj ET Q q 0 0 0 rg BT 172.28 167.65 Td (. ) Tj ET Q q 0 0 0 rg BT 181.06 167.65 Td (W) Tj ET Q q 0 0 0 rg BT 191.43 167.65 Td (e saw good business volume performance across all four of our lines of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 139.80 Td (business, as growth in the agricultural credit market has remained strong throughout 2017. Some of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 111.95 Td (Farmer Mac's credit metrics continued to show signs of normalization this quarter) Tj ET Q q 0 0 0 rg BT 442.08 111.95 Td (, although the modest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td (deterioration was primarily due to borrower) Tj ET Q q 0 0 0 rg BT 259.52 84.10 Td (-specific factors. Farmer Mac continues to deliver upon its ) 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 (mission throughout agricultural economic cycles, and this has never been more true than throughout the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (last two years." ) 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 49.5 683.1220703125 m 96.181640625 683.1220703125 l s q 0 0 0 rg BT 49.50 685.00 Td (Earnings) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 657.20 Td (Farmer Mac's net income attributable to common stockholders for third quarter 2017 was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td ($18.5million \($1.71 per diluted common share\), compared to $16.4 million \($1.54 per diluted common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (share\) for third quarter 2016. ) Tj ET Q q 0 0 0 rg BT 194.23 601.50 Td (The $2.1 million increase compared to third quarter 2016 was driven by an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (increase in net interest income of $2.6 million, after tax. ) Tj ET Q q 0 0 0 rg BT 321.08 573.65 Td (Also contributing to the year) Tj ET Q q 0 0 0 rg BT 458.81 573.65 Td (-over) Tj ET Q q 0 0 0 rg BT 483.89 573.65 Td (-year increase ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (was a $0.8 million after) Tj ET Q q 0 0 0 rg BT 162.90 545.80 Td (-tax increase in gains in fair value of financial derivatives and hedged assets. ) Tj ET Q q 0 0 0 rg BT 533.87 545.80 Td (The ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (increase was of) Tj ET Q q 0 0 0 rg BT 123.25 518.00 Td (fset in part by a $0.8 million after) Tj ET Q q 0 0 0 rg BT 284.30 518.00 Td (-tax decrease in unrealized gains in fair value of trading ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (securities and a $0.6 million after) Tj ET Q q 0 0 0 rg BT 209.88 490.15 Td (-tax increase in non-interest expense. ) Tj ET Q q 0 0 0 rg BT 393.92 490.15 Td (The increase in non-interest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (expense was primarily attributable to higher general and administrative \("G&A"\) and compensation and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td (employee benefits expenses.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 406.60 Td (Core earnings in third quarter 2017 were $17.0 million \($1.57 per diluted common share\), ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (compared to $16.0 million \($1.48 per diluted common share\) in second quarter 2017 and $14.4 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (\($1.36 per diluted common share\) in third quarter 2016. ) Tj ET Q q 0 0 0 rg BT 323.21 350.95 Td (The $1.0 million sequential increase in core ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (earnings was primarily driven by an after) Tj ET Q q 0 0 0 rg BT 247.19 323.10 Td (-tax decrease of $0.5 million in compensation and employee ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (benefits expenses caused by the absence in third quarter 2017 of payouts of annual variable incentive ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (compensation that occurred during second quarter 2017. ) Tj ET Q q 0 0 0 rg BT 325.08 267.40 Td (Also contributing to the sequential increase was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (a $0.4 million after) Tj ET Q q 0 0 0 rg BT 141.23 239.60 Td (-tax increase in net ef) Tj ET Q q 0 0 0 rg BT 244.29 239.60 Td (fective spread.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 211.75 Td (The $2.6 million year) Tj ET Q q 0 0 0 rg BT 189.23 211.75 Td (-over) Tj ET Q q 0 0 0 rg BT 214.31 211.75 Td (-year increase in core earnings was primarily attributable to \(1\) a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.51 211.75 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 528.01 211.75 Td ($2.6 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (million after) Tj ET Q q 0 0 0 rg BT 108.91 183.90 Td (-tax increase in net ef) Tj ET Q q 0 0 0 rg BT 211.97 183.90 Td (fective spread; \(2\) a $0.3 million increase in tax benefits recognized ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (from exercises of stock-based awards in third quarter 2017 which did not occur in third quarter 2016; and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 128.20 Td (\(3\) a $0.3 million after) Tj ET Q q 0 0 0 rg BT 158.23 128.20 Td (-tax increase in other income, primarily driven by a decrease in hedging costs. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 100.40 Td (Partially of) Tj ET Q q 0 0 0 rg BT 102.94 100.40 Td (fsetting the year) Tj ET Q q 0 0 0 rg BT 180.00 100.40 Td (-over) Tj ET Q q 0 0 0 rg BT 205.08 100.40 Td (-year increase was a $0.6 million after) Tj ET Q q 0 0 0 rg BT 388.42 100.40 Td (-tax increase in operating expenses ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td (attributable to both an increase in compensation and employee benefits and G&A) Tj ET Q q 0 0 0 rg BT 439.72 72.55 Td ( expenses.) 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 ( ) Tj ET Q q 0 0 0 rg BT 85.50 740.70 Td (See "Use of Non-GAAP) Tj ET Q q 0 0 0 rg BT 202.27 740.70 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 49.50 712.85 Td (per share, and net ef) Tj ET Q q 0 0 0 rg BT 146.23 712.85 Td (fective spread and for a reconciliation of the comparable GAAP) Tj ET Q q 0 0 0 rg BT 452.66 712.85 Td ( measures to these ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 103.72 685.00 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 49.5 649.3220703125 m 191.548828125 649.3220703125 l s q 0 0 0 rg BT 49.50 651.20 Td (Business ) Tj ET Q q 0 0 0 rg BT 96.30 651.20 Td (V) Tj ET Q q 0 0 0 rg BT 103.87 651.20 Td (olume Highlights) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 191.55 651.20 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 617.35 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 617.35 Td (During third quarter 2017, Farmer Mac added $0.9 billion of new business volume, compared to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 589.50 Td ($1.1 billion in third quarter 2016. Specifically) Tj ET Q q 0 0 0 rg BT 272.34 589.50 Td (, Farmer Mac:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 562.60 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 562.60 Td (purchased $298.3 million of newly originated Farm & Ranch loans;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 541.75 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 541.75 Td (purchased $291.0 million of ) Tj ET Q q 0 0 0 rg BT 241.15 541.75 Td (AgV) Tj ET Q q 0 0 0 rg BT 263.15 541.75 Td (antage securities; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 520.85 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 520.85 Td (added $102.8 million of Farm & Ranch loans under L) Tj ET Q q 0 0 0 rg BT 361.02 520.85 Td (TSPCs;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 500.00 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 500.00 Td (purchased $90.2 million of USDA) Tj ET Q q 0 0 0 rg BT 267.82 500.00 Td ( Securities;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 479.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 479.10 Td (purchased $70.0 million of Rural Utilities loans; and) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 458.20 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 458.20 Td (issued $41.1 million of Farmer Mac Guaranteed USDA) Tj ET Q q 0 0 0 rg BT 369.45 458.20 Td ( Securities) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 424.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 424.40 Td (After $507.9 million of maturities and principal paydowns on existing business during third ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 396.55 Td (quarter 2017, Farmer Mac's outstanding business volume increased by $385.4 million from June 30, 2017 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 368.70 Td (to $18.6billion as of September 30, 2017. ) Tj ET Q q 0 0 0 rg BT 257.26 368.70 Td (The increase in Farmer Mac's outstanding business volume ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 340.85 Td (was driven by broad-based portfolio growth across most of Farmer Mac's products and lines of business, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 313.00 Td (including Farm& Ranch loans, ) Tj ET Q q 0 0 0 rg BT 202.82 313.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 224.82 313.00 Td (antage securities, USDA) Tj ET Q q 0 0 0 rg BT 342.46 313.00 Td ( Securities, and Rural Utilities loans. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 279.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 279.20 Td (The $190.4 million net increase in ) Tj ET Q q 0 0 0 rg BT 252.46 279.20 Td (AgV) Tj ET Q q 0 0 0 rg BT 274.46 279.20 Td (antage securities for third quarter 2017 resulted from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 251.35 Td (purchases of $225.0 million from Rabo ) Tj ET Q q 0 0 0 rg BT 240.47 251.35 Td (AgriFinance LLC \("Rabo"\) and of $66.0 million from smaller ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 223.50 Td (institutional customers, including first-time transactions with two new counterparties. ) Tj ET Q q 0 0 0 rg BT 465.87 223.50 Td (The purchases from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 195.65 Td (Rabo resulted in net portfolio growth of $175.0 million and reflect the first time that Rabo has used ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 167.80 Td (Farmer Mac's ) Tj ET Q q 0 0 0 rg BT 117.64 167.80 Td (AgV) Tj ET Q q 0 0 0 rg BT 139.65 167.80 Td (antage funding for its shorter) Tj ET Q q 0 0 0 rg BT 278.70 167.80 Td (-term \(less than one year\) funding needs. Farmer Mac ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 140.00 Td (grew its Farm & Ranch loan portfolio by $186.4 million during third quarter 2017, which was primarily ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 112.15 Td (driven by an increase in the average size of loans purchased, including several lar) Tj ET Q q 0 0 0 rg BT 440.46 112.15 Td (ge loans with lar) Tj ET Q q 0 0 0 rg BT 519.88 112.15 Td (ge ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 84.30 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 106.93 84.30 Td (This growth outpaced the seasonally lar) Tj ET Q q 0 0 0 rg BT 297.66 84.30 Td (ge amount of repayments that resulted from a July 1 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 56.45 Td (payment date on most loans within the Farm & Ranch portfolio. ) Tj ET Q q 0 0 0 rg BT 359.90 56.45 Td (The $61.9 million net increase in USDA) Tj ET Q q 0 0 0 rg BT 553.54 56.45 Td ( ) 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 (Securities reflected an increase in USDA) Tj ET Q q 0 0 0 rg BT 245.76 740.70 Td ( Securities securitized and sold to lenders in the form of Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (Mac Guaranteed USDA) Tj ET Q q 0 0 0 rg BT 164.13 712.85 Td ( Securities. Farmer Mac grew its Rural Utilities loan portfolio by $42.4 million, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (which was primarily due to the purchases of a few lar) Tj ET Q q 0 0 0 rg BT 306.53 685.00 Td (ger loans in competitive situations as a result of an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (improvement in Farmer Mac's pricing on these types of loans. ) 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 49.5 621.4720703125 m 90.626953125 621.4720703125 l s q 0 0 0 rg BT 49.50 623.35 Td (Spr) Tj ET Q q 0 0 0 rg BT 67.96 623.35 Td (eads) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 589.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 589.50 Td (Net interest income was $39.6 million in third quarter 2017, compared to $35.6 million in third ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 561.65 Td (quarter 2016. In percentage terms, net interest income for third quarter 2017 was 0.92 percent, compared ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (to 0.89 percent in third quarter 2016. ) Tj ET Q q 0 0 0 rg BT 231.90 533.80 Td (The $4.0 million year) Tj ET Q q 0 0 0 rg BT 335.64 533.80 Td (-over) Tj ET Q q 0 0 0 rg BT 360.71 533.80 Td (-year increase in net interest income was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 506.00 Td (driven by net growth in Farm & Ranch loans, USDA) Tj ET Q q 0 0 0 rg BT 302.81 506.00 Td ( Securities, and on-balance sheet ) Tj ET Q q 0 0 0 rg BT 462.08 506.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 484.08 506.00 Td (antage ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 478.15 Td (securities. ) Tj ET Q q 0 0 0 rg BT 103.15 478.15 Td (Another factor contributing to the increase was the ef) Tj ET Q q 0 0 0 rg BT 358.84 478.15 Td (fect of an increase in short-term interest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 450.30 Td (rates on assets and liabilities indexed to LIBOR due to the Federal Reserve's decision to raise the tar) Tj ET Q q 0 0 0 rg BT 530.31 450.30 Td (get ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 422.45 Td (range for the federal funds rate in December 2016, March 2017, and June 2017. ) Tj ET Q q 0 0 0 rg BT 434.81 422.45 Td (This ef) Tj ET Q q 0 0 0 rg BT 468.25 422.45 Td (fect on net interest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 394.60 Td (income occurred because interest expense used to calculate net interest income does not include all the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 366.80 Td (funding expenses related to these assets, specifically the expense on financial derivatives not designated in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 338.95 Td (hedge accounting relationships. ) Tj ET Q q 0 0 0 rg BT 203.91 338.95 Td (This increase in short-term rates on assets and liabilities indexed to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (LIBOR did not have a similar ef) Tj ET Q q 0 0 0 rg BT 204.58 311.10 Td (fect on net ef) Tj ET Q q 0 0 0 rg BT 267.33 311.10 Td (fective spread because net ef) Tj ET Q q 0 0 0 rg BT 405.03 311.10 Td (fective spread includes interest ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td (expense from all funding related to those assets, including interest expense from financial derivatives not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 255.40 Td (designated in hedge accounting relationships. ) Tj ET Q q 0 0 0 rg BT 273.56 255.40 Td (The increase in net interest income was of) Tj ET Q q 0 0 0 rg BT 475.59 255.40 Td (fset in part by an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 227.60 Td (increase in net yield adjustments related to amortization of premiums and discounts on assets consolidated ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 199.75 Td (at fair value and a decrease in the amount of cash basis interest income recognized on nonaccrual Farm & ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 171.90 Td (Ranch loans. ) Tj ET Q q 0 0 0 rg BT 114.27 171.90 Td (The 3 basis point year) Tj ET Q q 0 0 0 rg BT 220.00 171.90 Td (-over) Tj ET Q q 0 0 0 rg BT 245.08 171.90 Td (-year increase in net interest income in percentage terms was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 144.05 Td (primarily attributable to a reduction in the average balance of lower) Tj ET Q q 0 0 0 rg BT 373.79 144.05 Td (-earning cash and cash equivalents and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 116.20 Td (investment securities. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 82.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 82.40 Td (Farmer Mac's net ef) Tj ET Q q 0 0 0 rg BT 181.07 82.40 Td (fective spread, a non-GAAP) Tj ET Q q 0 0 0 rg BT 316.58 82.40 Td ( measure, was $36.2 million in third quarter 2017, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 54.55 Td (compared to $35.6 million in second quarter 2017 and $32.2 million in third quarter 2016. In percentage ) 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 /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (terms, net ef) Tj ET Q q 0 0 0 rg BT 108.93 740.70 Td (fective spread for third quarter 2017 was 0.92 percent, compared to 0.92 percent in second ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (quarter 2017 and 0.86 percent in third quarter 2016. Farmer Mac uses net ef) Tj ET Q q 0 0 0 rg BT 413.50 712.85 Td (fective spread as an alternative ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (measure to net interest income because management believes it is a useful metric that reflects the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (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 49.50 629.35 Td (including any associated derivatives, some of which may not be included in net interest income.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 595.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 595.50 Td (The $0.6 million sequential increase in net ef) Tj ET Q q 0 0 0 rg BT 301.88 595.50 Td (fective spread in dollars was primarily attributable to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.65 Td (growth in on-balance sheet ) Tj ET Q q 0 0 0 rg BT 181.46 567.65 Td (AgV) Tj ET Q q 0 0 0 rg BT 203.46 567.65 Td (antage securities, Farm & Ranch loans, and other business volume, which ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 539.80 Td (increased net ef) Tj ET Q q 0 0 0 rg BT 124.57 539.80 Td (fective spread by approximately $0.9 million. Net ef) Tj ET Q q 0 0 0 rg BT 378.94 539.80 Td (fective spread in percentage terms ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 512.00 Td (was flat sequentially) Tj ET Q q 0 0 0 rg BT 147.36 512.00 Td (, as the ef) Tj ET Q q 0 0 0 rg BT 193.12 512.00 Td (fect of a decrease in the average balance of lower) Tj ET Q q 0 0 0 rg BT 429.73 512.00 Td (-earning investment ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 484.15 Td (securities was of) Tj ET Q q 0 0 0 rg BT 129.26 484.15 Td (fset by a decrease in the amount of cash basis interest income recognized on nonaccrual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 456.30 Td (Farm & Ranch loans.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 428.45 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 428.45 Td (The $4.0 million year) Tj ET Q q 0 0 0 rg BT 189.23 428.45 Td (-over) Tj ET Q q 0 0 0 rg BT 214.31 428.45 Td (-year increase in net ef) Tj ET Q q 0 0 0 rg BT 323.36 428.45 Td (fective spread in dollars was primarily ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 400.60 Td (attributable to \(1\)growth in on-balance sheet ) Tj ET Q q 0 0 0 rg BT 268.43 400.60 Td (AgV) Tj ET Q q 0 0 0 rg BT 290.43 400.60 Td (antage securities, Farm & Ranch loans, and other ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 372.80 Td (business volume, which increased net ef) Tj ET Q q 0 0 0 rg BT 242.56 372.80 Td (fective spread by approximately $4.0 million; and \(2\) changes in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 344.95 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 49.50 317.10 Td (indexed to LIBOR that remained favorable throughout most of third quarter 2017, which added ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (approximately $0.8 million. ) Tj ET Q q 0 0 0 rg BT 186.26 289.25 Td (The increase was of) Tj ET Q q 0 0 0 rg BT 281.67 289.25 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 49.50 261.40 Td (interest income recognized on nonaccrual Farm & Ranch loans, which reduced net ef) Tj ET Q q 0 0 0 rg BT 458.13 261.40 Td (fective spread by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 233.60 Td ($0.5 million. ) Tj ET Q q 0 0 0 rg BT 113.95 233.60 Td (The 6 basis point year) Tj ET Q q 0 0 0 rg BT 219.69 233.60 Td (-over) Tj ET Q q 0 0 0 rg BT 244.76 233.60 Td (-year increase in net ef) Tj ET Q q 0 0 0 rg BT 353.81 233.60 Td (fective spread in percentage terms was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 205.75 Td (primarily attributable to a significant reduction in the average balance of cash and cash equivalents and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 177.90 Td (lower earning investment securities, which added approximately 6 basis points to net ef) Tj ET Q q 0 0 0 rg BT 469.51 177.90 Td (fective spread. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 150.05 Td (Also contributing to the increase were the ef) Tj ET Q q 0 0 0 rg BT 262.21 150.05 Td (fects of the changes in Farmer Mac's funding strategy and a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 122.20 Td (favorable LIBOR-based funding market, which added approximately 2 basis points. ) Tj ET Q q 0 0 0 rg BT 455.18 122.20 Td (The increase in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 94.40 Td (percentage terms was of) Tj ET Q q 0 0 0 rg BT 165.56 94.40 Td (fset in part by the ef) Tj ET Q q 0 0 0 rg BT 261.64 94.40 Td (fect of the refinancing in second quarter 2017 of a $1.0billion ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 66.55 Td (AgV) Tj ET Q q 0 0 0 rg BT 71.50 66.55 Td (antage security) Tj ET Q q 0 0 0 rg BT 143.02 66.55 Td (, $970.0 million of which was previously held by third party investors and reported as ) 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 (of) Tj ET Q q 0 0 0 rg BT 59.28 740.70 Td (f-balance sheet business volume in the Institutional Credit line of business, into three new on-balance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (sheet ) Tj ET Q q 0 0 0 rg BT 76.49 712.85 Td (AgV) Tj ET Q q 0 0 0 rg BT 98.50 712.85 Td (antage securities, which reduced net ef) Tj ET Q q 0 0 0 rg BT 284.19 712.85 Td (fective spread by approximately 3 basis points. ) 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 49.5 683.1220703125 m 82.60546875 683.1220703125 l s q 0 0 0 rg BT 49.50 685.00 Td (Cr) Tj ET Q q 0 0 0 rg BT 63.28 685.00 Td (edit) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 82.61 685.00 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 657.20 Td (In the Farm & Ranch portfolio, 90-day delinquencies were $66.4 million \(1.01 percent of the Farm ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (& Ranch portfolio\) as of September 30, 2017, compared to $21.0 million \(0.34 percent\) as of December ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (31, 2016 and $18.4 million \(0.31 percent of the Farm & Ranch portfolio\) as of September 30, 2016. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (Those 90-day delinquencies were comprised of 68 delinquent loans as of September 30, 2017, compared ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 545.80 Td (with 38 delinquent loans as of December 31, 2016 and 50 delinquent loans as of September 30, 2016. ) Tj ET Q q 0 0 0 rg BT 542.07 545.80 Td (As ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (of September 30, 2017, the increase in 90-day delinquencies, as compared to as of December 31, 2016, is ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 490.15 Td (primarily attributable to several lar) Tj ET Q q 0 0 0 rg BT 216.55 490.15 Td (ger loans and certain crop and permanent planting loans mostly due to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (factors specific to the borrower and not related to macroeconomic factors in the agricultural economy) Tj ET Q q 0 0 0 rg BT 535.86 462.30 Td (. In ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 Td (particular) Tj ET Q q 0 0 0 rg BT 94.99 434.45 Td (, $15.3million in permanent planting loans to a single borrower became delinquent in first ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (quarter 2017 and accounts for one-third of the year) Tj ET Q q 0 0 0 rg BT 293.83 406.60 Td (-to-date increase in 90-day delinquencies. Farmer Mac ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (believes it is adequately collateralized on this exposure. ) Tj ET Q q 0 0 0 rg BT 322.52 378.80 Td (The increase is also consistent with the seasonal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (pattern of Farmer Mac's 90-day delinquencies fluctuating from quarter to quarter) Tj ET Q q 0 0 0 rg BT 437.04 350.95 Td (, both in dollars and as a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (percentage of the outstanding Farm & Ranch portfolio, with higher levels generally observed at the end of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (the first and third quarters and lower levels generally observed at the end of the second and fourth quarters ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (of each year as a result of the annual \(January 1st\) and semi-annual \(January 1st and July 1st\) payment ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (terms of most Farm & Ranch loans. Farmer Mac believes that it remains adequately collateralized on these ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td (loans. ) Tj ET Q q 0 0 0 rg BT 80.17 211.75 Td (As Farmer Mac has expected, its 90-day delinquency rate has reverted to, and is in line with, its ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (fifteen-year historical average rate of approximately one percent of the Farm & Ranch portfolio. ) Tj ET Q q 0 0 0 rg BT 516.64 183.90 Td (Although ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (the vast majority of the year) Tj ET Q q 0 0 0 rg BT 184.21 156.05 Td (-to-date increase in 90-day delinquencies is due to borrower) Tj ET Q q 0 0 0 rg BT 471.87 156.05 Td (-specific factors, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 128.20 Td (other factors such as macroeconomic trends and the cyclical nature of the agricultural economy could ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 100.40 Td (contribute to an increase in 90-day delinquencies in the future. ) Tj ET Q q 0 0 0 rg BT 358.18 100.40 Td (The highest 90-day delinquency rate ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td (observed in the Farm & Ranch portfolio during the preceding fifteen-year period occurred in 2009 at ) 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 /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 740.70 Td (approximately two 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 49.50 712.85 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 85.50 679.00 Td (For Farmer Mac's other lines of business, there are currently no delinquent ) Tj ET Q q 0 0 0 rg BT 445.90 679.00 Td (AgV) Tj ET Q q 0 0 0 rg BT 467.90 679.00 Td (antage securities or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 651.20 Td (Rural Utilities loans held or underlying L) Tj ET Q q 0 0 0 rg BT 247.03 651.20 Td (TSPCs, and USDA) Tj ET Q q 0 0 0 rg BT 338.72 651.20 Td ( Securities are backed by the full faith and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 623.35 Td (credit of the United States. ) Tj ET Q q 0 0 0 rg BT 183.13 623.35 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 49.50 595.50 Td (represented 0.36 percent of total business volume as of September 30, 2017, compared to 0.12 percent as ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.65 Td (of December 31, 2016, and 0.1) Tj ET Q q 0 0 0 rg BT 197.68 567.65 Td (1 percent as of September 30, 2016.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 539.80 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 539.80 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 49.50 512.00 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 49.50 484.15 Td (outstanding Farm & Ranch portfolio. ) Tj ET Q q 0 0 0 rg BT 233.15 484.15 Td (Assets categorized as "substandard" have a well-defined weakness ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 456.30 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 49.50 428.45 Td (corrected. ) Tj ET Q q 0 0 0 rg BT 102.47 428.45 Td (As of September30, 2017, Farmer Mac's substandard assets were $219.6 million \(3.3 percent ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 400.60 Td (of the Farm& Ranch portfolio\), compared to $165.2 million \(2.7 percent of the Farm& Ranch portfolio\) ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 372.80 Td (as of December31, 2016. ) Tj ET Q q 0 0 0 rg BT 178.58 372.80 Td (Those substandard assets were comprised of 298 loans as of September 30, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 344.95 Td (2017 and 287 loans as of December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 278.23 344.95 Td (The $54.4 million increase from year) Tj ET Q q 0 0 0 rg BT 456.60 344.95 Td (-end 2016 was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (primarily driven by credit downgrades in on-balance sheet loans. ) Tj ET Q q 0 0 0 rg BT 366.85 317.10 Td (The new substandard asset volume from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (year) Tj ET Q q 0 0 0 rg BT 69.91 289.25 Td (-end 2016 includes several lar) Tj ET Q q 0 0 0 rg BT 213.64 289.25 Td (ge exposures and also represents a relatively diverse set of commodities. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 261.40 Td (Subsequent to September 30, 2017, $8.2 million in on-balance sheet loans considered to be substandard ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 233.60 Td (were paid of) Tj ET Q q 0 0 0 rg BT 109.25 233.60 Td (f in full at par) Tj ET Q q 0 0 0 rg BT 174.57 233.60 Td (. Farmer Mac expects that over time its substandard asset rate will eventually ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 205.75 Td (revert closer to, and possibly exceed, Farmer Mac's historical average due to macroeconomic factors and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 177.90 Td (the cyclical nature of the agricultural economy) Tj ET Q q 0 0 0 rg BT 272.62 177.90 Td (. Farmer Mac's average substandard assets as a percentage ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 150.05 Td (of its Farm & Ranch portfolio over the last 15 years is approximately 4 percent. ) Tj ET Q q 0 0 0 rg BT 437.52 150.05 Td (The highest substandard ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 122.20 Td (asset rate observed during that period occurred in 2010 at approximately 8 percent, which coincided with ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 94.40 Td (an increase in substandard loans within Farmer Mac's then-held ethanol portfolio that Farmer Mac no ) 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 (longer holds. If Farmer Mac's substandard asset rate continues to increase from current levels, it is likely ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (that Farmer Mac's provision to the allowance for loan losses and the reserve for losses will also increase. ) 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 (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 49.50 657.20 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 49.50 629.35 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 49.5 599.6220703125 m 137.525390625 599.6220703125 l s q 0 0 0 rg BT 49.50 601.50 Td (Lines of Business) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 567.65 Td (Farmer Mac's operations consist of four lines of business Farm & Ranch, USDA) Tj ET Q q 0 0 0 rg BT 480.28 567.65 Td ( Guarantees, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 539.80 Td (Rural Utilities, and Institutional Credit. Net interest income by line of business for third quarter 2017 was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 512.00 Td ($13.6 million \(139 basis points\) for Farm & Ranch, $5.3 million \(100 basis points\) for USDA) Tj ET Q q 0 0 0 rg BT 498.81 512.00 Td ( Guarantees, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 484.15 Td ($2.2 million \(86 basis points\) for Rural Utilities, and $15.4 million \(83 basis points\) for Institutional ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 456.30 Td (Credit. Net ef) Tj ET Q q 0 0 0 rg BT 117.93 456.30 Td (fective spread by line of business for third quarter 2017 was $1) Tj ET Q q 0 0 0 rg BT 420.40 456.30 Td (1.5 million \(175 basis points\) ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 428.45 Td (for Farm& Ranch, $4.9 million \(92 basis points\) for USDA) Tj ET Q q 0 0 0 rg BT 336.81 428.45 Td ( Guarantees, $2.8 million \(109 basis points\) ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 400.60 Td (for Rural Utilities, and $14.4 million \(78 basis points\) for Institutional Credit. ) 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 49.5 364.9220703125 m 160.875 364.9220703125 l s q 0 0 0 rg BT 49.50 366.80 Td (Liquidity and Capital) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 332.95 Td (Farmer Mac's core capital totaled $653.4 million as of September 30, 2017, exceeding the statutory ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (minimum capital requirement by $137.6 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 49.50 277.25 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 49.50 249.40 Td (requirement. ) Tj ET Q q 0 0 0 rg BT 116.26 249.40 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 49.50 221.60 Td (increase in minimum capital required to support the growth of on-balance sheet assets during the first nine ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 193.75 Td (months of 2017, which was of) Tj ET Q q 0 0 0 rg BT 194.60 193.75 Td (fset in part by an increase in retained earnings. In particular) Tj ET Q q 0 0 0 rg BT 482.67 193.75 Td (, the refinancing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 165.90 Td (of a $1.0 billion ) Tj ET Q q 0 0 0 rg BT 128.50 165.90 Td (AgV) Tj ET Q q 0 0 0 rg BT 150.50 165.90 Td (antage security that matured in ) Tj ET Q q 0 0 0 rg BT 300.78 165.90 Td (April 2017 into three new on-balance sheet ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 138.05 Td (AgV) Tj ET Q q 0 0 0 rg BT 71.50 138.05 Td (antage securities significantly increased Farmer Mac's on-balance sheet assets because $970.0 million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 110.20 Td (of the refinanced security was previously held by third party investors and reported as of) Tj ET Q q 0 0 0 rg BT 474.49 110.20 Td (f-balance sheet ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 82.40 Td (business volume.) 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 /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 740.70 Td (As of September 30, 2017, Farmer Mac's total stockholders' equity was $694.2 million, compared ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (to $643.4 million as of December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 264.58 712.85 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 49.50 685.00 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 85.50 651.20 Td (As prescribed by FCA) Tj ET Q q 0 0 0 rg BT 192.49 651.20 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 49.50 623.35 Td (liquidity) Tj ET Q q 0 0 0 rg BT 89.39 623.35 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 49.50 595.50 Td (average of 209days of liquidity duringthird quarter 2017 and had 200days of liquidity as of September ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 567.65 Td (30, 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 49.5 531.9220703125 m 194.9296875 531.9220703125 l s q 0 0 0 rg BT 49.50 533.80 Td (Use of Non-GAAP) Tj ET Q q 0 0 0 rg BT 142.83 533.80 Td ( Measur) Tj ET Q q 0 0 0 rg BT 184.93 533.80 Td (es) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 506.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 506.00 Td (In the analysis of its financial information, Farmer Mac sometimes uses "non-GAAP) Tj ET Q q 0 0 0 rg BT 491.87 506.00 Td ( measures," ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 478.15 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 49.50 450.30 Td (accounting principles in the United States \(GAAP\). Specifically) Tj ET Q q 0 0 0 rg BT 358.98 450.30 Td (, Farmer Mac uses the following non-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 422.45 Td (GAAP) Tj ET Q q 0 0 0 rg BT 81.73 422.45 Td ( measures: "core earnings," "core earnings per share," and "net ef) Tj ET Q q 0 0 0 rg BT 394.54 422.45 Td (fective spread." Farmer Mac uses ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 394.60 Td (these non-GAAP) Tj ET Q q 0 0 0 rg BT 131.38 394.60 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 49.50 366.80 Td (because, in management's view) Tj ET Q q 0 0 0 rg BT 199.49 366.80 Td (, they are useful alternative measures in understanding FarmerMac's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 338.95 Td (economic performance, transaction economics, and business trends. ) Tj ET Q q 0 0 0 rg BT 380.84 338.95 Td (The non-GAAP) Tj ET Q q 0 0 0 rg BT 456.72 338.95 Td ( financial measures ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (that Farmer Mac uses may not be comparable to similarly labeled non-GAAP) Tj ET Q q 0 0 0 rg BT 421.29 311.10 Td ( financial measures disclosed ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td (by other companies. Farmer Mac's disclosure of these non-GAAP) Tj ET Q q 0 0 0 rg BT 367.81 283.25 Td ( measures is intended to be ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 255.40 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 498.25 255.40 Td (, or as more ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 227.60 Td (important than, the related financial information prepared in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 453.69 227.60 Td (. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 199.75 Td (Cor) Tj ET Q q 0 0 0 rg BT 67.73 199.75 Td (e Earnings and Cor) Tj ET Q q 0 0 0 rg BT 162.29 199.75 Td (e Earnings per Shar) Tj ET Q q 0 0 0 rg BT 258.84 199.75 Td (e) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 171.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 171.90 Td (Core earnings and core earnings per share principally dif) Tj ET Q q 0 0 0 rg BT 357.84 171.90 Td (fer from net income attributable to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 144.05 Td (common stockholders and earnings per common share, respectively) Tj ET Q q 0 0 0 rg BT 373.96 144.05 Td (, by excluding the ef) Tj ET Q q 0 0 0 rg BT 472.04 144.05 Td (fects of fair value ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 116.20 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 111.94 116.20 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 88.40 Td (financial condition or results of operations reported in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 424.94 88.40 Td ( if the related financial ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 60.55 Td (instruments are held to maturity) Tj ET Q q 0 0 0 rg BT 202.02 60.55 Td (, as is expected. ) Tj ET Q q 0 0 0 rg BT 280.00 60.55 Td (Among other items, these fair value fluctuations have ) 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 (included unrealized gains or losses on financial derivatives and hedging activities. ) Tj ET Q q 0 0 0 rg BT 446.50 740.70 Td (V) Tj ET Q q 0 0 0 rg BT 453.83 740.70 Td (ariation mar) Tj ET Q q 0 0 0 rg BT 511.92 740.70 Td (gin is ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 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 49.50 685.00 Td (portfolios. Prior to first quarter 2017, Farmer Mac accounted for variation mar) Tj ET Q q 0 0 0 rg BT 425.50 685.00 Td (gin as collateral and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (associated unrealized gains or losses on its centrally cleared derivative contracts. However) Tj ET Q q 0 0 0 rg BT 483.52 657.20 Td (, beginning in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (first quarter 2017, the variation mar) Tj ET Q q 0 0 0 rg BT 220.56 629.35 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 49.50 601.50 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 49.50 573.65 Td (mar) Tj ET Q q 0 0 0 rg BT 67.94 573.65 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 49.50 545.80 Td (by Farmer Mac. Specifically) Tj ET Q q 0 0 0 rg BT 186.01 545.80 Td (, ef) Tj ET Q q 0 0 0 rg BT 201.11 545.80 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 49.50 518.00 Td (mar) Tj ET Q q 0 0 0 rg BT 67.94 518.00 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 49.50 490.15 Td (rather than as collateral pledged by a counterparty) Tj ET Q q 0 0 0 rg BT 288.94 490.15 Td (. ) Tj ET Q q 0 0 0 rg BT 294.28 490.15 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 353.48 490.15 Td (, beginning in first quarter 2017, Farmer ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 462.30 Td (Mac presents its cleared derivatives portfolio net of variation mar) Tj ET Q q 0 0 0 rg BT 363.50 462.30 Td (gin payments on its consolidated balance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 434.45 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 49.50 406.60 Td (of operations. In October 2017, the U.S. Commodity Futures ) Tj ET Q q 0 0 0 rg BT 344.25 406.60 Td (T) Tj ET Q q 0 0 0 rg BT 351.16 406.60 Td (rading Commission \("CFTC"\) issued an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 378.80 Td (interpretive letter to the CME confirming that, under the Commodity Exchange ) Tj ET Q q 0 0 0 rg BT 432.74 378.80 Td (Act, the exchange of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.95 Td (variation mar) Tj ET Q q 0 0 0 rg BT 113.59 350.95 Td (gin payments on cleared swap positions constitutes settlement of the outstanding exposure ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (and not collateral against it and that CME rules must reflect this interpretation. However) Tj ET Q q 0 0 0 rg BT 476.56 323.10 Td (, the CFTC ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (acknowledged the economic equivalence between the settlement of and the pledge of collateral against ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (outstanding exposure under a derivatives contract, and Farmer Mac also believes that the economic ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 239.60 Td (character of these transactions remains the same as they were before the CME rule change. Even though ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td (these variation mar) Tj ET Q q 0 0 0 rg BT 141.25 211.75 Td (gin amounts are accounted for as realized gains or losses on financial derivatives and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 183.90 Td (hedging activities as a result of the CME rule change and subsequent CFTC interpretation, this is not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 156.05 Td (expected to have a cumulative net impact on Farmer Mac's financial condition or results of operations ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 128.20 Td (reported in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 218.33 128.20 Td ( because the related financial instruments are expected to be held to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 100.40 Td (maturity) Tj ET Q q 0 0 0 rg BT 89.38 100.40 Td (. ) Tj ET Q q 0 0 0 rg BT 95.16 100.40 Td (Therefore, since the beginning of first quarter 2017, Farmer Mac has excluded the ef) Tj ET Q q 0 0 0 rg BT 501.12 100.40 Td (fects of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 72.55 Td (realized gains or losses resulting from the exchange of variation mar) Tj ET Q q 0 0 0 rg BT 377.84 72.55 Td (gin on its cleared derivatives portfolio ) 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 (in its calculations of core earnings and core earnings per share to present them on a consistent basis with ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (quarters prior to 2017.) 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 (Core earnings and core earnings per share also dif) Tj ET Q q 0 0 0 rg BT 325.19 685.00 Td (fer from net income attributable to common ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (stockholders and earnings per common share, respectively) Tj ET Q q 0 0 0 rg BT 328.96 657.20 Td (, by excluding specified infrequent or unusual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 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 49.50 601.50 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 49.50 573.65 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 49.50 545.80 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 49.50 518.00 Td (indicative of future operating results. ) Tj ET Q q 0 0 0 rg BT 232.89 518.00 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 49.50 490.15 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 49.50 462.30 Td (during the life of the security) Tj ET Q q 0 0 0 rg BT 188.34 462.30 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 49.50 434.45 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 49.50 406.60 Td ("Reconciliations" section below) Tj ET Q q 0 0 0 rg BT 202.48 406.60 Td (.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 49.50 377.80 Td (Net Effective Spr) Tj ET Q q 0 0 0 rg BT 130.36 377.80 Td (ead) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 350.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 350.00 Td (Farmer Mac uses net ef) Tj ET Q q 0 0 0 rg BT 197.91 350.00 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 49.50 322.15 Td (interest-earning assets and the related net funding costs of these assets. Net ef) Tj ET Q q 0 0 0 rg BT 424.49 322.15 Td (fective spread dif) Tj ET Q q 0 0 0 rg BT 507.57 322.15 Td (fers from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 294.30 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 49.50 266.45 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 49.50 238.60 Td (over the contractual or estimated remaining lives of the underlying assets, and \(2\) interest income and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 210.80 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 49.50 182.95 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 49.50 155.10 Td (trusts, at amortized cost." Farmer Mac excludes from net ef) Tj ET Q q 0 0 0 rg BT 337.42 155.10 Td (fective spread premiums and discounts on ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 127.25 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 99.40 Td (at acquisition or are not expected to have an economic ef) Tj ET Q q 0 0 0 rg BT 322.50 99.40 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 71.60 Td (assets are held to maturity) Tj ET Q q 0 0 0 rg BT 174.02 71.60 Td (, as is expected. Farmer Mac also excludes from net ef) Tj ET Q q 0 0 0 rg BT 435.04 71.60 Td (fective spread the interest ) 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 (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 49.50 712.85 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 49.50 685.00 Td (related Farmer Mac Guaranteed Securities owned by third parties is ef) Tj ET Q q 0 0 0 rg BT 386.49 685.00 Td (fectively a guarantee fee. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 657.20 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 108.70 657.20 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 49.50 629.35 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 49.50 601.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 601.50 Td (Net ef) Tj ET Q q 0 0 0 rg BT 114.93 601.50 Td (fective spread also principally dif) Tj ET Q q 0 0 0 rg BT 275.32 601.50 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 49.50 573.65 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 49.50 545.80 Td (derivatives that are not designated in hedge accounting relationships \("undesignated financial ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 518.00 Td (derivatives"\). 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 49.50 490.15 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 49.50 462.30 Td (liabilities.) Tj ET Q q 0 0 0 rg BT 102.94 462.30 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 49.50 434.45 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 49.50 406.60 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 49.50 378.80 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 49.50 350.95 Td (and hedging activities" on the consolidated statements of operations.However) Tj ET Q q 0 0 0 rg BT 428.15 350.95 Td (, the accrual of the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 323.10 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 49.50 295.25 Td (net ef) Tj ET Q q 0 0 0 rg BT 76.27 295.25 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 49.50 267.40 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 49.50 239.60 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 517.46 239.60 Td (fective ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 211.75 Td (spread, see the "Reconciliations" section below) Tj ET Q q 0 0 0 rg BT 275.78 211.75 Td (.) 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 /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 204.158203125 739.0220703125 l s q 0 0 0 rg BT 49.50 740.90 Td (Forward-Looking Statements ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 707.05 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 49.50 679.20 Td (and estimates and the evaluation of risks and uncertainties.) Tj ET Q q 0 0 0 rg BT 337.53 679.20 Td (V) Tj ET Q q 0 0 0 rg BT 344.87 679.20 Td (arious factors or events, both known and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 651.40 Td (unknown, could cause Farmer Mac's actual results to dif) Tj ET Q q 0 0 0 rg BT 319.71 651.40 Td (fer materially from the expectations as expressed ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 623.55 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 49.50 609.15 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 594.75 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 594.75 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 103.50 580.35 Td (reasonableness of rates and terms;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 551.55 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 551.55 Td (legislative or regulatory developments that could af) Tj ET Q q 0 0 0 rg BT 350.54 551.55 Td (fect Farmer Mac, its sources of business, or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 537.15 Td (the agricultural or rural utilities industries;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 508.35 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 508.35 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 85.50 479.55 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 479.55 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 103.50 465.15 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 103.50 450.75 Td (market provided by Farmer Mac;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 421.95 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 421.95 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 85.50 393.15 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 393.15 Td (the ef) Tj ET Q q 0 0 0 rg BT 130.27 393.15 Td (fect of economic conditions, including the ef) Tj ET Q q 0 0 0 rg BT 344.98 393.15 Td (fects of drought and other weather) Tj ET Q q 0 0 0 rg BT 509.68 393.15 Td (-related ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 378.75 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 103.50 364.35 Td (and borrower repayment capacity;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 335.55 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 335.55 Td (developments in the financial markets, including possible investor) Tj ET Q q 0 0 0 rg BT 420.95 335.55 Td (, analyst, and rating agency ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 321.15 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 85.50 292.35 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 292.35 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 520.15 292.35 Td (fect the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 277.95 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 85.50 249.15 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 249.15 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 103.50 234.75 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 85.50 205.95 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 103.50 205.95 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 103.50 191.55 Td (agricultural products.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 157.70 Td (Other risk factors are discussed in "Risk Factors" in Part I, Item 1A) Tj ET Q q 0 0 0 rg BT 408.23 157.70 Td ( in Farmer Mac's ) Tj ET Q q 0 0 0 rg BT 491.71 157.70 Td (Annual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 129.85 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 49.50 102.00 Td (Commission \("SEC"\) on March 9, 2017 and in the Quarterly Report on Form 10-Q for the quarter ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 74.20 Td (September 30, 2017 filed with the SEC earlier today) Tj ET Q q 0 0 0 rg BT 300.33 74.20 Td (. In light of these potential risks and uncertainties, no ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 46.35 Td (undue reliance should be placed on any forward-looking statements expressed in this release.) Tj ET Q q 0 0 0 rg BT 502.14 46.35 Td (The ) 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 (forward-looking statements contained in this release represent management's expectations as of the date of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 712.85 Td (this release. Farmer Mac undertakes no obligation to release publicly the results of revisions to any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 Td (forward-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 49.50 657.20 Td (circumstances, except as otherwise mandated by the SEC. ) Tj ET Q q 0 0 0 rg BT 333.53 657.20 Td (The information contained in this release is not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 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 49.5 593.6220703125 m 247.60546875 593.6220703125 l s q 0 0 0 rg BT 49.50 595.50 Td (Earnings Confer) Tj ET Q q 0 0 0 rg BT 134.95 595.50 Td (ence Call Information) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 85.50 561.65 Td (The conference call to discuss Farmer Mac's third quarter 2017 financial results will be held ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 533.80 Td (beginning at 1) Tj ET Q q 0 0 0 rg BT 117.71 533.80 Td (1:00a.m. eastern time on ) Tj ET Q q 0 0 0 rg BT 241.79 533.80 Td (Thursday) Tj ET Q q 0 0 0 rg BT 286.34 533.80 Td (, November 9, 2017 and can be accessed by telephone or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 506.00 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 85.5 470.550390625 m 192.287109375 470.550390625 l s q 0 0 0 rg BT 85.50 472.15 Td (T) Tj ET Q q 0 0 0 rg BT 91.99 472.15 Td (elephone \(Domestic\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 192.29 472.15 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 85.5 436.700390625 m 207.603515625 436.700390625 l s q 0 0 0 rg BT 85.50 438.30 Td (T) Tj ET Q q 0 0 0 rg BT 91.99 438.30 Td (elephone \(International\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 207.60 438.30 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 85.5 402.850390625 m 125.84765625 402.850390625 l s q 0 0 0 rg BT 85.50 404.45 Td (W) Tj ET Q q 0 0 0 rg BT 95.87 404.45 Td (ebcast) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 125.85 404.45 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 402.850390625 m 420.662109375 402.850390625 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 132.18 404.45 Td (https://www) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 190.74 404.45 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 85.50 370.60 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 49.50 342.80 Td (accessed by clicking on the link noted above. ) Tj ET Q q 0 0 0 rg BT 272.55 342.80 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 49.50 314.95 Td (chairman ) Tj ET Q q 0 0 0 rg BT 96.93 314.95 Td (T) Tj ET Q q 0 0 0 rg BT 103.83 314.95 Td (im Buzby) Tj ET Q q 0 0 0 rg BT 150.05 314.95 Td (. ) Tj ET Q q 0 0 0 rg BT 158.84 314.95 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 537.67 314.95 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 287.10 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 85.50 253.25 Td (More complete information about Farmer Mac's performance for third quarter 2017 is set forth in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 225.40 Td (Farmer Mac's Quarterly Report on Form 10-Q for the period ended September 30, 2017 filed today with ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 197.60 Td (the 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 49.5 161.8720703125 m 149.25 161.8720703125 l s q 0 0 0 rg BT 49.50 163.75 Td (About Farmer) Tj ET Q q 0 0 0 rg BT 123.60 163.75 Td ( Mac) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 129.90 Td (F) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 91.62 129.90 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 49.50 102.05 Td (and reduce the cost of capital for the benefit of ) Tj ET Q q 0 0 0 rg BT 276.07 102.05 Td (American agricultural and rural communities. ) Tj ET Q q 0 0 0 rg BT 497.99 102.05 Td (As the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 74.20 Td (nation) Tj ET Q q 0 0 0 rg BT 82.83 74.20 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 46.40 Td (spectrum of the agricultural community) Tj ET Q q 0 0 0 rg BT 239.33 46.40 Td (, including agricultural lenders, agribusinesses, and other ) 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 (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 49.50 712.85 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 513.49 712.85 Td (ficiency) Tj ET Q q 0 0 0 rg BT 551.36 712.85 Td (. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 685.00 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 49.50 657.20 Td (more than a quarter) Tj ET Q q 0 0 0 rg BT 142.88 657.20 Td (-century) Tj ET Q q 0 0 0 rg BT 182.08 657.20 Td (, Farmer Mac has been delivering the capital and commitment rural ) Tj ET Q q 0 0 0 rg BT 507.97 657.20 Td (America ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 629.35 Td (deserves. ) Tj ET Q q 0 0 0 rg BT 99.15 629.35 Td (Additional information about Farmer Mac \(including the ) Tj ET Q q 0 0 0 rg BT 374.09 629.35 Td (Annual Report on Form 10-K and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 601.50 Td (Quarterly Report on Form 10-Q referenced above\) is available on Farmer Mac's website at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 573.65 Td (www) Tj ET Q q 0 0 0 rg BT 74.72 573.65 Td (.farmermac.com. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 525.40 Td (CONT) Tj ET Q q 0 0 0 rg BT 81.21 525.40 Td (ACT) Tj ET Q q 0 0 0 rg BT 104.61 525.40 Td (: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.94 525.40 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 525.40 Td (Jalpa Nazareth, Investor Relations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 511.00 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 511.00 Td (Megan Murray-Pelaez, Media Inquiries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 496.60 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 121.50 496.60 Td (\(202\) 872-7700) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 289.50 434.00 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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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 417.35 687.00 Td (September 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 653.75 Td (366,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 653.75 Td ($) 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 (2,234,966) 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 (5,443,746) 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 (2,158,810) 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 (7,602,556) 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 (14,864) 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 (2,092,285) 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 (2,107,149) 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 (3,804,966) 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 (1,329,212) 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 (\(6,408) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.30 513.75 Td (\)) 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 (5,127,770) 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 (1,086) 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 (2,020) 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 \(includes $10,625 and $12,584, respectively, related to consolidated trusts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 473.75 Td (110,175) 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 (36,679) 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 (4,293) 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 462.30 443.75 Td (96,780) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 433.00 Td (17,690,238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 433.00 Td ($) 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 ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.30 384.75 Td (8,112,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.00 384.75 Td ($) 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 (7,399,961) 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 (15,512,889) 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 (1,333,417) 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 (30,595) 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 \(includes $8,874 and $10,881, respectively, related to consolidated trusts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 334.75 Td (61,804) 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 (35,316) 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 (19,971) 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 (2,080) 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 (16,996,072) 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) 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, $1 par value, no maximum authorization, 9,082,335 shares and 9,007,481 shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 183.75 Td (outstanding, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 186.00 Td (9,082) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 186.00 Td (9,008) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 173.75 Td (Additional paid-in capital) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 173.75 Td (119,130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 173.75 Td (118,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 163.75 Td (Accumulated other comprehensive income, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 163.75 Td (40,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 163.75 Td (33,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 153.75 Td (Retained earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 153.75 Td (318,869) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 153.75 Td (275,714) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 143.75 Td (Total Stockholders' Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 143.75 Td (694,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 143.75 Td (643,425) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 133.75 Td (Non-controlling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.30 133.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 133.75 Td (222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 123.75 Td (Total Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 123.75 Td (694,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 123.75 Td (643,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 88.00 113.70 Td (Total Liabilities and Equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.00 113.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.30 113.70 Td (17,690,238) 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 49.00 656.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 656.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 656.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 656.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 656.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 656.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 656.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 656.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 628.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 628.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 628.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 628.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 628.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 628.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 600.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 600.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 600.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 600.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 600.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 600.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 572.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 572.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 572.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 572.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 572.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 572.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 544.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 544.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 544.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 544.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 544.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 544.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 544.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 544.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 516.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 488.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 488.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 488.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 488.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 460.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 460.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 460.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 460.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 432.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 432.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 432.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 432.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 404.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 376.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 348.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 348.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 348.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 348.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 348.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 348.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 348.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 348.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 320.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 320.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 320.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 320.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 320.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 320.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 320.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 320.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 292.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 292.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 292.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 292.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 292.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 292.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 292.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 292.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 264.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 264.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 264.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 264.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 264.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 264.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 264.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 264.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 236.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 236.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 236.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 236.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 236.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 236.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 236.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 236.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 209.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 209.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 209.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 209.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 209.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 209.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 209.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 209.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 181.75 261.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.00 181.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 181.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 181.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 181.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 181.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 181.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 181.75 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 310 693.75 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 310 670.75 m 370 670.75 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 374 670.75 m 434 670.75 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 438 670.75 m 498 670.75 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 502 670.75 m 562 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 670.75 m 370 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 670.75 m 498 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 670.75 m 562 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 600.75 m 370 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 600.75 m 434 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 600.75 m 498 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 600.75 m 562 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 600.75 m 370 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 600.75 m 434 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 600.75 m 498 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 600.75 m 562 600.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 572.75 m 370 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 572.75 m 434 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 572.75 m 498 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 572.75 m 562 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 572.75 m 434 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 572.75 m 498 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 572.75 m 562 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 544.75 m 370 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 544.75 m 434 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 544.75 m 498 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 544.75 m 562 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 544.75 m 370 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 530.75 m 370 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 544.75 m 434 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 530.75 m 434 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 544.75 m 498 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 530.75 m 498 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 544.75 m 562 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 530.75 m 562 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 530.75 m 370 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 530.75 m 434 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 530.75 m 498 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 530.75 m 562 530.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 432.75 m 370 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 432.75 m 434 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 432.75 m 498 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 432.75 m 562 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 432.75 m 370 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 418.75 m 370 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 432.75 m 434 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 418.75 m 434 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 432.75 m 498 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 418.75 m 498 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 432.75 m 562 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 418.75 m 562 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 334.75 m 370 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 334.75 m 434 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 334.75 m 498 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 334.75 m 562 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 334.75 m 370 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 320.75 m 370 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 334.75 m 434 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 320.75 m 434 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 334.75 m 498 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 320.75 m 498 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 334.75 m 562 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 320.75 m 562 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 320.75 m 498 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 320.75 m 562 320.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 292.75 m 370 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 292.75 m 434 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 292.75 m 498 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 292.75 m 562 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 292.75 m 498 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 292.75 m 562 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 264.75 m 370 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 264.75 m 434 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 264.75 m 498 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 264.75 m 562 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 264.75 m 498 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 264.75 m 562 264.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 236.75 m 498 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 236.75 m 562 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 236.75 m 370 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 223.75 m 370 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 221.75 m 370 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 236.75 m 434 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 223.75 m 434 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 221.75 m 434 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 236.75 m 498 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 223.75 m 498 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 221.75 m 498 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 236.75 m 562 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 223.75 m 562 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 221.75 m 562 221.75 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 449.25 698.21 Td (For the Nine Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 675.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.50 684.21 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.50 675.21 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 684.21 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.50 675.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 684.21 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.50 675.21 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 684.21 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.50 675.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 661.21 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.65 661.00 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 647.21 Td (Interest income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 633.21 Td (Investments and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 633.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 633.21 Td (9,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 633.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 633.21 Td (6,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 633.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 633.21 Td (24,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 633.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 633.21 Td (20,235) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 619.21 Td (Farmer Mac Guaranteed Securities and USDA Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 619.21 Td (54,350) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 619.21 Td (38,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 619.21 Td (146,978) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 619.21 Td (110,938) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 605.21 Td (Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 605.21 Td (40,924) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 605.21 Td (34,409) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 605.21 Td (117,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 605.21 Td (99,486) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 591.21 Td (Total interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.25 591.21 Td (104,497) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 591.21 Td (79,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 591.21 Td (289,161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 591.21 Td (230,659) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 577.21 Td (Total interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 577.21 Td (64,935) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 577.21 Td (43,969) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 577.21 Td (172,797) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 577.21 Td (127,098) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 563.21 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 563.21 Td (39,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 563.21 Td (35,563) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 563.21 Td (116,364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 563.21 Td (103,561) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 549.21 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.00 549.21 Td (\(270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.50 549.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 549.21 Td (\(191) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 549.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 549.21 Td (\(1,234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 549.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 549.21 Td (\(604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 549.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 535.21 Td (Net interest income after provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 535.21 Td (39,292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 535.21 Td (35,372) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 535.21 Td (115,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 535.21 Td (102,957) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 521.21 Td (Non-interest income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 507.21 Td (Guarantee and commitment fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 507.21 Td (3,314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 507.21 Td (3,798) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 507.21 Td (10,630) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 507.21 Td (11,079) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 493.21 Td (Gains/\(losses\) on financial derivatives and hedging activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 493.21 Td (661) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 493.21 Td (\(1,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 493.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 493.21 Td (2,530) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 493.21 Td (\(13,079) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 493.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 479.21 Td (Gains/\(losses\) on trading securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 479.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 479.21 Td (1,182) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 479.21 Td (\(84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 479.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 479.21 Td (1,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 465.21 Td (Gains/\(losses\) on sale of available-for-sale investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 465.21 Td (89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 465.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 465.21 Td (89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.00 465.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 465.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 451.21 Td (Gains on sale of real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 451.21 Td (32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 451.21 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 451.21 Td (784) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 451.21 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 437.21 Td (Other income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 437.21 Td (203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 437.21 Td (707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 437.21 Td (890) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 437.21 Td (1,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 423.21 Td (Non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 423.21 Td (4,299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 423.21 Td (4,101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 423.21 Td (14,839) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 423.21 Td (1,161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 409.21 Td (Non-interest expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 395.21 Td (Compensation and employee benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 395.21 Td (5,987) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 395.21 Td (5,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 395.21 Td (18,986) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 395.21 Td (16,823) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 381.21 Td (General and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 381.21 Td (3,890) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 381.21 Td (3,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 381.21 Td (11,611) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 381.21 Td (10,757) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 367.21 Td (Regulatory fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 367.21 Td (625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 367.21 Td (613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 367.21 Td (1,875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 367.21 Td (1,838) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 353.21 Td (Real estate owned operating costs, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 353.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 353.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 353.21 Td (23) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 353.21 Td (39) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 339.21 Td (Provision for/\(release of\) reserve for losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 339.21 Td (114) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 339.21 Td (\(222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 339.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 339.21 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 339.21 Td (\(114) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 339.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 325.21 Td (Non-interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 325.21 Td (10,616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 325.21 Td (9,303) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 325.21 Td (32,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 325.21 Td (29,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 311.21 Td (Income before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 311.21 Td (32,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 311.21 Td (30,170) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 311.21 Td (97,414) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 311.21 Td (74,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 297.21 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 297.21 Td (11,193) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 297.21 Td (10,529) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 297.21 Td (33,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 297.21 Td (26,264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 283.21 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 283.21 Td (21,782) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 283.21 Td (19,641) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 283.21 Td (64,311) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 283.21 Td (48,511) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 269.21 Td (Less: Net loss attributable to non-controlling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 269.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 269.21 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 269.21 Td (165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 269.21 Td (62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 255.21 Td (Net income attributable to Farmer Mac) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 255.21 Td (21,782) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 255.21 Td (19,659) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 255.21 Td (64,476) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 255.21 Td (48,573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 241.21 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.25 241.21 Td (\(3,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.50 241.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 241.21 Td (\(3,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 241.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 241.21 Td (\(9,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 241.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 241.21 Td (\(9,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 241.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 227.21 Td (Net income attributable to common stockholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 227.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 227.21 Td (18,487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 227.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 227.21 Td (16,364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 227.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 227.21 Td (54,590) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 227.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 227.21 Td (38,687) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 200.21 Td (Earnings per common share and dividends:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 186.21 Td (Basic earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 186.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 186.21 Td (1.74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 186.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 186.21 Td (1.56) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 186.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 186.21 Td (5.16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 186.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 186.21 Td (3.70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 172.21 Td (Diluted earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 172.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 172.21 Td (1.71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 172.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 172.21 Td (1.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 172.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 172.21 Td (5.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 172.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 172.21 Td (3.60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 158.21 Td (Common stock dividends per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.50 158.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 158.21 Td (0.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 158.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 158.21 Td (0.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 158.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 158.21 Td (1.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 158.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 158.21 Td (0.78) 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 391.00 266.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 266.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 266.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 266.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 238.65 259.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 238.65 82.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 238.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 238.65 84.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 238.65 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 238.65 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 210.65 259.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 210.65 82.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 210.65 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 210.65 84.00 -4.00 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 313.35 609.11 Td (September 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.35 609.11 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.35 609.11 Td (September 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 581.11 Td (18,487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 581.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 581.11 Td (17,488) 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 (16,364) 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 on financial derivatives and hedging activities due to fair) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 544.11 Td (value changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 544.11 Td (2,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 544.11 Td (2,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 544.11 Td (1,460) 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 378.50 530.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 530.11 Td (\(2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 530.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 530.11 Td (1,182) 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 (\(954) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 507.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 507.11 Td (\(117) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 507.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 507.11 Td (\(157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 507.11 Td (\)) 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 (456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 493.11 Td (261) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 493.11 Td (464) 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 (\(784) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 479.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 479.11 Td (\(827) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 479.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 479.11 Td (\(1,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 479.11 Td (\)) 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 (1,455) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 465.11 Td (1,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 465.11 Td (1,917) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 451.11 Td (17,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 451.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 451.11 Td (15,952) 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 (14,447) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 405.11 Td (36,227) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 405.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 405.11 Td (35,610) 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 (32,199) 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 (4,935) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 391.11 Td (4,942) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 391.11 Td (4,533) 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 374.00 377.11 Td (429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 377.11 Td (\(197) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 377.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 377.11 Td (\(32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 377.11 Td (\)) 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 (41,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 363.11 Td (40,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 363.11 Td (36,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 345.11 Td (Credit related expense/\(income\) \(GAAP\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 331.11 Td (Provision for/\(release of\) losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 331.11 Td (384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.00 331.11 Td (466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 331.11 Td (\(31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 331.11 Td (\)) 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 () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.50 317.11 Td (23) 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 on sale of REO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.50 303.11 Td (\(32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 303.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 303.11 Td (\(757) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 303.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 303.11 Td (\(15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 303.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 289.11 Td (Total credit related expense/\(income\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 289.11 Td (352) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 289.11 Td (\(268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 289.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 289.11 Td (\(46) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 289.11 Td (\)) 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 (5,987) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 257.11 Td (6,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 257.11 Td (5,438) 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 (3,890) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 243.11 Td (3,921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 243.11 Td (3,474) 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 (613) 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 (10,502) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 215.11 Td (11,228) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 215.11 Td (9,525) 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 (30,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 197.11 Td (29,395) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 197.11 Td (27,221) 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 (10,410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 183.11 Td (10,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 183.11 Td (9,497) 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 378.50 169.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 169.11 Td (\(150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.50 169.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.50 169.11 Td (\(18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 169.11 Td (\)) 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 (3,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 155.11 Td (3,296) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 155.11 Td (3,295) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.75 141.11 Td (17,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 141.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.75 141.11 Td (15,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 141.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 141.11 Td (14,447) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 123.11 Td (Core earnings per share:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 109.11 Td ( Basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.50 109.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 109.11 Td (1.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 109.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 109.11 Td (1.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 109.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 109.11 Td (1.38) 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 (1.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 95.11 Td (1.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 95.11 Td (1.36) 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. ) Tj ET Q q 0 0 0 rg BT 287.95 685.90 Td (Third quarter 2017 includes $0.4 million of fees received upon the inception of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 676.30 Td (swaps and $0.2 million of hedging losses, compared to $0.3 million of fees received upon the inception of swaps and $0.6 million of hedging losses in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 666.70 Td (second quarter 2017 and no fees received and $0.7 million of hedging losses, respectively) Tj ET Q q 0 0 0 rg BT 354.23 666.70 Td (, in third quarter 2016.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 660.73 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 657.10 Td (Includes the tax impact of non-GAAP) Tj ET Q q 0 0 0 rg BT 188.73 657.10 Td ( reconciling items between net income attributable to common stockholders and core earnings. Second and third ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 647.50 Td (quarter 2017 includes $0.2 million and $0.3 million of tax benefits, respectively) Tj ET Q q 0 0 0 rg BT 322.48 647.50 Td (, upon the vesting of restricted stock and the exercise of SARs under new ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 637.90 Td (accounting guidance for stock-based awards that became ef) Tj ET Q q 0 0 0 rg BT 257.71 637.90 Td (fective in first quarter 2017.) 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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 427.25 722.96 Td (For the Nine Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.85 707.96 Td (September 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.35 707.96 Td (September 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 679.96 Td (54,590) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 679.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 679.96 Td (38,687) 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 (9,763) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 649.96 Td (\(3,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 649.96 Td (\)) 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 536.75 634.96 Td (1,934) 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 450.75 620.96 Td (\(1,198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 620.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 620.96 Td (\(809) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 620.96 Td (\)) 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 (749) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 605.96 Td (675) 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 (\(3,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 590.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 590.96 Td (633) 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 (5,999) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 575.96 Td (\(1,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 575.96 Td (\)) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 560.96 Td (48,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 560.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 560.96 Td (39,859) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 511.96 Td (104,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 511.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 511.96 Td (93,174) 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 (15,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 496.96 Td (14,012) 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 453.75 481.96 Td (1,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.50 481.96 Td (\(674) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 481.96 Td (\)) 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 444.75 466.96 Td (121,190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 466.96 Td (106,512) 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 453.75 432.96 Td (1,294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 432.96 Td (490) 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 (\(784) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 402.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 402.96 Td (\(15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 402.96 Td (\)) 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 (533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 387.96 Td (514) 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 (18,986) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 353.96 Td (16,823) 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 449.25 338.96 Td (11,611) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 338.96 Td (10,757) 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 (1,875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 323.96 Td (1,838) 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 (32,472) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 308.96 Td (29,418) 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 (88,185) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 289.96 Td (76,580) 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 (29,873) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 274.96 Td (26,897) 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 (\(62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.00 259.96 Td (\)) 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 (9,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 244.96 Td (9,886) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 229.96 Td (48,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 229.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 229.96 Td (39,859) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.25 196.96 Td (4.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 196.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.25 196.96 Td (3.81) 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 (4.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.25 181.96 Td (3.71) 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 (\(1\) ) 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 nine months of 2017 includes $1.7 million of fees received upon the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 101.20 Td (inception of swaps and $1.3 million of hedging losses, compared to $0.1 million of fees received and $2.3 million of hedging losses, respectively) Tj ET Q q 0 0 0 rg BT 531.55 101.20 Td (, in the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 91.60 Td (first nine 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 (\(2\) ) 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 nine months ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 72.40 Td (of 2017 includes $1.2 million of tax benefits upon the vesting of restricted stock and the exercise of SARs under new accounting guidance for stock-based ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 62.80 Td (awards that became ef) Tj ET Q q 0 0 0 rg BT 138.65 62.80 Td (fective in first quarter 2017.) 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Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 579.46 Td (\(0.11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 579.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 579.46 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.50 579.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 556.46 Td (Net effects of settlements on agency forward contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 556.46 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 556.46 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.75 556.46 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 556.46 Td (0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.75 556.46 Td (0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 541.46 Td (Income tax effect related to reconciling items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 541.46 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.50 541.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.75 541.46 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.50 541.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.75 541.46 Td (\(0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 541.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 541.46 Td (\(0.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 541.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.75 541.46 Td (0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 526.46 Td (Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 526.46 Td (0.13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 526.46 Td (0.15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.75 526.46 Td (0.18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 526.46 Td (0.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 526.46 Td (\(0.11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.50 526.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 511.46 Td (Core Earnings - Basic EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.50 511.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 511.46 Td (1.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.50 511.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.75 511.46 Td (1.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.50 511.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.75 511.46 Td (1.38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.50 511.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 511.46 Td (4.59) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 511.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.75 511.46 Td (3.81) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 489.46 Td (Shares used in per share calculation \(GAAP and Core) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 480.46 Td (Earnings\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.75 480.46 Td (10,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.75 480.46 Td (10,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 480.46 Td (10,473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.75 480.46 Td (10,586) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.75 480.46 Td (10,464) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 387.00 211.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 387.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 387.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 387.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 387.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 387.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 387.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 387.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 387.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 387.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 357.00 211.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 357.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 357.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 357.00 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 357.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 357.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 357.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 357.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 357.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 357.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 319.00 211.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 319.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 319.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 319.00 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 319.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 319.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 319.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 319.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 319.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 319.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 273.00 211.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 273.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 273.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 273.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 273.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 273.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 273.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 273.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 273.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 273.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 243.00 211.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 243.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 243.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 243.00 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 243.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 243.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 243.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 243.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 243.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 243.00 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 220.00 211.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 220.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 220.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 220.00 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.00 220.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 220.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 220.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.00 220.00 58.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 220.00 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 220.00 58.00 -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 49 440 m 260 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 440 m 318 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 440 m 322 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 440 m 376 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 440 m 380 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 440 m 438 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 440 m 442 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 440 m 500 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 440 m 504 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 440 m 562 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 440 m 318 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 425 m 318 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 440 m 322 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 425 m 322 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 440 m 376 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 425 m 376 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 425 m 380 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 440 m 438 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 425 m 438 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 440 m 442 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 440 m 500 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 425 m 500 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 440 m 504 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 425 m 504 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 440 m 562 440 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 425 m 562 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 425 m 318 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 402 m 318 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 425 m 376 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 402 m 376 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 425 m 438 425 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 402 m 438 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 402 m 500 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 402 m 562 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 402 m 318 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 402 m 376 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 402 m 438 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 402 m 500 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 402 m 562 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 258 m 318 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 258 m 376 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 258 m 380 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 258 m 438 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 258 m 500 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 258 m 562 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 258 m 318 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 243 m 318 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 258 m 376 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 243 m 376 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 258 m 438 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 243 m 438 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 258 m 500 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 243 m 500 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 258 m 562 258 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 243 m 562 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 243 m 318 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 229 m 318 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 227 m 318 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 243 m 376 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 229 m 376 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 227 m 376 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 243 m 438 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 229 m 438 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 227 m 438 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 243 m 500 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 229 m 500 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 227 m 500 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 243 m 562 243 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 229 m 562 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 227 m 562 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 227 m 318 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 229 m 318 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 227 m 376 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 229 m 376 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 227 m 380 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376 229 m 380 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 227 m 438 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 229 m 438 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 227 m 500 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 229 m 500 229 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 227 m 562 227 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504 229 m 562 229 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.55 444.46 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 51.50 429.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.55 429.46 Td (For the Three Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.25 429.46 Td (For the Nine Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 406.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.50 415.46 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.50 406.46 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 415.46 Td (June 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 406.46 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 415.46 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.50 406.46 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 415.46 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 406.46 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 415.46 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.50 406.46 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.65 391.25 Td (\(in thousands, except per share amounts\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 376.46 Td (GAAP - Diluted EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.50 376.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 376.46 Td (1.71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.50 376.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.75 376.46 Td (1.62) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 376.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 376.46 Td (1.54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 376.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 376.46 Td (5.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 376.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 376.46 Td (3.60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 361.46 Td (Less reconciling items:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 347.46 Td (Gains/\(losses\) on financial derivatives and hedging) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 338.46 Td (activities due to fair value changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 338.46 Td (0.26) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.75 338.46 Td (0.21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 338.46 Td (0.14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 338.46 Td (0.91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 338.46 Td (\(0.34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 338.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 323.46 Td (Unrealized gains/\(losses\) on trading securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.50 323.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.50 323.46 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 323.46 Td (0.11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 323.46 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 323.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 323.46 Td (0.18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 309.46 Td (Amortization of premiums/discounts and deferred) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 300.46 Td (gains on assets consolidated at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 300.46 Td (\(0.09) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 300.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.75 300.46 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.50 300.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.75 300.46 Td (\(0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 300.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 300.46 Td (\(0.11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 300.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 300.46 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 300.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 277.46 Td (Net effects of settlements on agency forward contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 277.46 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.75 277.46 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 277.46 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 277.46 Td (0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 277.46 Td (0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.50 262.46 Td (Income tax effect related to reconciling items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 262.46 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 262.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.75 262.46 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.50 262.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.75 262.46 Td (\(0.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 262.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 262.46 Td (\(0.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 262.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 262.46 Td (0.06) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 247.46 Td (Sub-total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 247.46 Td (0.14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.75 247.46 Td (0.14) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 247.46 Td (0.18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 247.46 Td (0.56) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 247.46 Td (\(0.11) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 247.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 232.46 Td (Core Earnings - Diluted EPS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.50 232.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 232.46 Td (1.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.50 232.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.75 232.46 Td (1.48) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 232.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 232.46 Td (1.36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 232.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 232.46 Td (4.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 232.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 232.46 Td (3.71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 210.46 Td (Shares used in per share calculation \(GAAP and Core) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 201.46 Td (Earnings\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.75 201.46 Td (10,815) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.75 201.46 Td (10,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.75 201.46 Td (10,649) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 201.46 Td (10,794) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 201.46 Td (10,755) 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 50.00 608.95 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 608.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 608.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 608.95 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 608.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 608.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 608.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 608.95 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 608.95 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 608.95 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.00 608.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 529.00 608.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 571.95 118.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 571.95 37.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 571.95 34.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 571.95 36.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 571.95 34.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 571.95 37.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 571.95 34.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 571.95 39.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 571.95 35.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 571.95 39.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.00 571.95 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 529.00 571.95 34.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 507.95 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 507.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.00 507.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 507.95 36.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 507.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.00 507.95 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 507.95 34.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 507.95 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 507.95 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 507.95 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.00 507.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 529.00 507.95 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 168 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 673.95 m 205 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 673.95 m 209 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 673.95 m 243 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 673.95 m 247 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 673.95 m 283 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 673.95 m 287 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 673.95 m 321 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 673.95 m 325 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 673.95 m 362 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 673.95 m 366 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 673.95 m 400 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 673.95 m 404 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 673.95 m 443 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 673.95 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 482 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 673.95 m 486 673.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 673.95 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 168 659.95 m 205 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 659.95 m 209 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 659.95 m 243 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243 659.95 m 247 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 659.95 m 283 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 659.95 m 287 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 659.95 m 321 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 659.95 m 325 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 659.95 m 362 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 659.95 m 366 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 659.95 m 400 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 659.95 m 443 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 659.95 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 482 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 659.95 m 486 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 659.95 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 168 659.95 m 205 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 659.95 m 209 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 636.95 m 209 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 659.95 m 243 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 659.95 m 283 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 636.95 m 283 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 659.95 m 287 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 636.95 m 287 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 659.95 m 321 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 636.95 m 321 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 659.95 m 362 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 636.95 m 362 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 659.95 m 366 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362 636.95 m 366 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 659.95 m 400 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 636.95 m 400 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 659.95 m 443 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 636.95 m 443 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 659.95 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 443 636.95 m 447 636.95 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 482 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 636.95 m 482 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 659.95 m 486 659.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 659.95 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 486 636.95 m 525 636.95 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 525 636.95 m 529 636.95 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 529 636.95 m 563 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 636.95 m 205 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 622.95 m 205 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 636.95 m 243 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 622.95 m 243 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 636.95 m 283 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 622.95 m 283 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 636.95 m 321 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 622.95 m 321 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 622.95 m 362 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 622.95 m 400 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 636.95 m 443 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 622.95 m 443 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 636.95 m 482 636.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 622.95 m 482 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 622.95 m 525 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 622.95 m 563 622.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 507.95 m 205 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 507.95 m 243 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 507.95 m 283 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 507.95 m 321 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 507.95 m 362 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 507.95 m 400 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 507.95 m 443 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 507.95 m 482 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 507.95 m 525 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 507.95 m 563 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 507.95 m 205 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 494.95 m 205 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 168 492.95 m 205 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 507.95 m 243 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 494.95 m 243 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209 492.95 m 243 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 507.95 m 283 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 494.95 m 283 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 492.95 m 283 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 507.95 m 321 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 494.95 m 321 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 492.95 m 321 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 507.95 m 362 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 494.95 m 362 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325 492.95 m 362 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 507.95 m 400 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 494.95 m 400 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 492.95 m 400 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 507.95 m 443 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 494.95 m 443 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 492.95 m 443 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 507.95 m 482 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 494.95 m 482 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 492.95 m 482 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 507.95 m 525 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 494.95 m 525 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 492.95 m 525 492.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 507.95 m 563 507.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 494.95 m 563 494.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 529 492.95 m 563 492.95 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 231.55 664.41 Td (For the Three Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.75 664.41 Td (For the Nine Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 641.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.00 650.41 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.00 641.41 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.35 641.41 Td (June 30, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 650.41 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 641.41 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.50 650.41 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 641.41 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 650.41 Td (September 30,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 641.41 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 627.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 172.75 627.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.75 627.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.25 627.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.75 627.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.75 627.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 627.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.75 627.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 627.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.75 627.41 Td (Dollars) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 627.41 Td (Yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 613.41 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.65 613.20 Td (\(dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 599.41 Td (Net interest income/yield) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 599.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.75 599.41 Td (39,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.25 599.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.00 599.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.50 599.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.75 599.41 Td (39,731) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.25 599.41 Td (0.95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 599.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.50 599.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.75 599.41 Td (35,563) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 599.41 Td (0.89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 599.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.50 599.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 599.41 Td (116,364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 599.41 Td (0.94) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 599.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 599.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.25 599.41 Td (103,561) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 599.41 Td (0.89) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 599.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 585.41 Td (Net effects of consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 576.41 Td (trusts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.25 576.41 Td (\(1,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.50 576.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.25 576.41 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.00 576.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 576.41 Td (\(1,470) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.50 576.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.25 576.41 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 576.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.00 576.41 Td (\(735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 576.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 576.41 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 576.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.25 576.41 Td (\(4,563) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 576.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 576.41 Td (0.04) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 576.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.25 576.41 Td (\(2,933) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.50 576.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 576.41 Td (0.02) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 576.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 562.41 Td (Expense related to) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 553.41 Td (undesignated financial) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 544.41 Td (derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.25 544.41 Td (\(2,675) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.50 544.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 544.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 544.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 544.41 Td (\(2,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.50 544.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.25 544.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 544.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 544.41 Td (\(2,807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 544.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.25 544.41 Td (\(0.08) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 544.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.25 544.41 Td (\(8,317) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.50 544.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 544.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.00 544.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.25 544.41 Td (\(7,985) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.50 544.41 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 544.41 Td (\(0.07) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.00 544.41 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 530.41 Td (Amortization of premiums/) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 521.41 Td (discounts on assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 512.41 Td (consolidated at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 512.41 Td (961) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.25 512.41 Td (0.03) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.00 512.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 512.41 Td (124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 301.00 512.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 512.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 512.41 Td (178) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 512.41 Td (0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 512.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.25 512.41 Td (1,219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 512.41 Td (0.01) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 512.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.00 512.41 Td (531) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.00 512.41 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 512.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 498.41 Td (Net effective spread) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 498.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.75 498.41 Td (36,227) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.25 498.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.00 498.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.50 498.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.75 498.41 Td (35,610) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.25 498.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 313.00 498.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.50 498.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.75 498.41 Td (32,199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 498.41 Td (0.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.00 498.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.50 498.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 498.41 Td (104,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.25 498.41 Td (0.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 498.41 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 498.41 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.75 498.41 Td (93,174) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.25 498.41 Td (0.84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 498.41 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 49.50 460.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 460.60 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 49.50 432.80 Td (reconciliation to consolidated net income for the three months ended September 30, 2017:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 352.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 352.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 352.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 352.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 352.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 352.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 352.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 352.70 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 352.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 352.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 352.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 352.70 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 352.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 352.70 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 326.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 326.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 326.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 326.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 326.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 326.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 326.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 326.70 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 326.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 326.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 326.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 326.70 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 326.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 326.70 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 300.70 128.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.50 300.70 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 300.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 300.70 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 300.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 300.70 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 300.70 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 300.70 58.00 -13.00 re f 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276.5 122.70000000000005 m 322.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 120.70000000000005 m 322.5 120.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 134.70000000000005 m 384.5 134.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 122.70000000000005 m 384.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 120.70000000000005 m 384.5 120.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 134.70000000000005 m 433.5 134.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 122.70000000000005 m 433.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 120.70000000000005 m 433.5 120.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 134.70000000000005 m 489.5 134.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 122.70000000000005 m 489.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 120.70000000000005 m 489.5 120.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 134.70000000000005 m 559.5 134.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 122.70000000000005 m 559.5 122.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 120.70000000000005 m 559.5 120.70000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.75 403.95 Td (Core Earnings by Business Segment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 225.75 390.95 Td (For the Three Months Ended September 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.90 377.95 Td (Farm &) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.25 369.95 Td (Ranch) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.30 377.95 Td (USDA) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.00 369.95 Td (Guarantees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.10 377.95 Td (Rural) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.10 369.95 Td (Utilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.65 377.95 Td (Institutional) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.00 369.95 Td (Credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.50 369.95 Td (Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.65 377.95 Td (Reconciling) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.75 369.95 Td (Adjustments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.35 377.95 Td (Consolidated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.70 369.95 Td (Net Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 356.95 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 348.85 356.74 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 343.95 Td (Net interest income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 343.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 343.95 Td (13,609) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 343.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 343.95 Td (5,288) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 343.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 343.95 Td (2,230) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 343.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 343.95 Td (15,431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 343.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.25 343.95 Td (3,004) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 343.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 343.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 343.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 343.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 343.95 Td (39,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 330.95 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 155.09 334.58 Td (\(1\)\(2\)\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 330.95 Td (\(2,131) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 330.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.60 330.95 Td (\(433) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 330.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.30 330.95 Td (602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 330.95 Td (\(1,068) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 330.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.60 330.95 Td (\(305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 330.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 330.95 Td (3,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.30 330.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 317.95 Td (Net effective spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 317.95 Td (11,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 317.95 Td (4,855) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 317.95 Td (2,832) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 317.95 Td (14,363) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.25 317.95 Td (2,699) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 317.95 Td (3,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.30 317.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 304.95 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 157.73 308.58 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 304.95 Td (4,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.25 304.95 Td (130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.30 304.95 Td (476) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 304.95 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 304.95 Td (\(1,621) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 304.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.30 304.95 Td (3,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 291.95 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 131.08 295.58 Td (\(3\)\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.30 291.95 Td (214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.30 291.95 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.30 291.95 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 291.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 291.95 Td (233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 291.95 Td (524) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 291.95 Td (985) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 278.95 Td (Non-interest income/\(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 278.95 Td (4,450) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.25 278.95 Td (139) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.30 278.95 Td (481) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 278.95 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 278.95 Td (233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 278.95 Td (\(1,097) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 278.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.30 278.95 Td (4,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 259.95 Td (Provision for loan losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.60 259.95 Td (\(270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 259.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 259.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 259.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 259.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 259.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 259.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 259.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 259.95 Td (\(270) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 259.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 240.95 Td (Provision for reserve for losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.60 240.95 Td (\(114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 240.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 240.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 240.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.60 240.95 Td (\(114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 240.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 227.95 Td (Other non-interest expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 227.95 Td (\(4,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 227.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.60 227.95 Td (\(1,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 227.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 227.95 Td (\(608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 227.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 227.95 Td (\(1,670) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 227.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 227.95 Td (\(3,067) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 227.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 227.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 227.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.60 227.95 Td (\(10,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 227.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 214.95 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 127.75 218.58 Td (\(5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 214.95 Td (\(4,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 214.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.60 214.95 Td (\(1,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 214.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 214.95 Td (\(608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 214.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 214.95 Td (\(1,670) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 214.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 214.95 Td (\(3,067) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 214.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 214.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 214.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.60 214.95 Td (\(10,616) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 214.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 201.95 Td (Core earnings before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 201.95 Td (11,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 201.95 Td (3,914) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 201.95 Td (2,705) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.30 201.95 Td (12,786) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.60 201.95 Td (\(135) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 201.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 201.95 Td (2,238) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 492.00 206.06 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 201.95 Td (32,975) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 188.95 Td (Income tax \(expense\)/benefit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.60 188.95 Td (\(4,014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.30 188.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.60 188.95 Td (\(1,370) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 188.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.60 188.95 Td (\(947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.30 188.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.60 188.95 Td (\(4,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 188.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 188.95 Td (396) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.60 188.95 Td (\(783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.30 188.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.60 188.95 Td (\(11,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 188.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 167.95 Td (Core earnings before preferred) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 159.95 Td (stock dividends and attribution of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 151.95 Td (income to non-controlling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 151.95 Td (7,453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 151.95 Td (2,544) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 151.95 Td (1,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 151.95 Td (8,311) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 151.95 Td (261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 151.95 Td (1,455) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 492.00 156.06 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 151.95 Td (21,782) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 138.95 Td (Preferred stock dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.30 138.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.30 138.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 138.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.30 138.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 138.95 Td (\(3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 138.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 138.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 138.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.60 138.95 Td (\(3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 556.30 138.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 125.95 Td (Segment core earnings/\(losses\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 125.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 125.95 Td (7,453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 125.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 125.95 Td (2,544) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 125.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.25 125.95 Td (1,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 125.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.30 125.95 Td (8,311) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 125.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.60 125.95 Td (\(3,034) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 125.95 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 125.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 125.95 Td (1,455) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 492.00 130.06 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 125.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.25 125.95 Td (18,487) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 97.95 Td (Total assets at carrying value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 97.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 97.95 Td (4,128,778) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 97.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.25 97.95 Td (2,165,749) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 97.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.25 97.95 Td (1,073,525) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 97.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 97.95 Td (7,612,572) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 97.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.25 97.95 Td (2,709,614) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 97.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 97.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 97.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 97.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 97.95 Td (17,690,238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 84.95 Td (Total on- and off-balance sheet) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 76.95 Td (program assets at principal balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 76.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 76.95 Td (6,557,030) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 76.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.25 76.95 Td (2,298,956) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.00 76.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.25 76.95 Td (1,886,445) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.00 76.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 76.95 Td (7,901,842) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 76.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 76.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.00 76.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.30 76.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 76.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 76.95 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.25 76.95 Td (18,644,273) 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 64.23 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 60.60 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 51.00 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 to be a partial settlement of the respective derivatives ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 657.10 Td (contracts rather than as pledged collateral, and accounted for as realized gains and losses. See "Use of Non-GAAP) Tj ET Q q 0 0 0 rg BT 433.23 657.10 Td ( Measures" above for more information ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 647.50 Td (about this rule change. Farmer Mac believes that even though these variation mar) Tj ET Q q 0 0 0 rg BT 329.93 647.50 Td (gin amounts are now accounted for as realized gains or losses on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 637.90 Td (financial derivatives and hedging activities as a result of the CME rule change, their economic character will remain the same as they were before the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 628.30 Td (change. ) Tj ET Q q 0 0 0 rg BT 94.01 628.30 Td (This is not expected to have a cumulative net impact on Farmer Mac's financial condition or results of operations reported in accordance with ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 618.70 Td (GAAP) Tj ET Q q 0 0 0 rg BT 88.98 618.70 Td ( because the related financial instruments are expected to be held to maturity) Tj ET Q q 0 0 0 rg BT 333.70 618.70 Td (. ) Tj ET Q q 0 0 0 rg BT 337.55 618.70 Td (Therefore, beginning in 2017, this reconciling adjustment includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 609.10 Td (realized gains and losses on financial derivatives centrally cleared through CME resulting from the exchange of variation mar) Tj ET Q q 0 0 0 rg BT 469.66 609.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 483.44 609.10 Td (As a result, core ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 599.50 Td (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 360.35 649.06 Td (As of September 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 593.06 Td (2,739,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 593.06 Td ($) 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 (1,329,212) 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 (2,041,466) 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 (30,688) 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 (1,066,482) 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 (7,588,628) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 453.06 Td (14,796,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 453.06 Td ($) 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 (2,133,314) 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 (354,823) 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 (226,802) 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 (819,963) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 285.06 Td (3,848,116) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 285.06 Td ($) 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 ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 271.06 Td (18,644,273) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 271.06 Td ($) 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 September30, 2017 and December 31 2016, includes $20.0 million related to one-year loan purchase commitments on which Farmer Mac ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 207.50 Td (receives a 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 nine months of 2017, $100.0 million of this facility was drawn and subsequently repaid. ) Tj ET Q q 0 0 0 rg BT 404.12 196.90 Td (As of December 31, 2016, this facility had not ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 187.30 Td (been 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 364.20 187.30 Td (. If the counterparty draws on the facility) Tj ET Q q 0 0 0 rg BT 496.74 187.30 Td (, the amounts drawn ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 177.70 Td (will be in the form of ) Tj ET Q q 0 0 0 rg BT 137.27 177.70 Td (AgV) Tj ET Q q 0 0 0 rg BT 151.93 177.70 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 49.50 709.90 Td (The following table presents the quarterly net ef) Tj ET Q q 0 0 0 rg BT 280.20 709.90 Td (fective spread by segment:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 625.80 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 625.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 625.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 625.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 625.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 625.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 625.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 625.80 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 625.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 625.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 625.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 625.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 625.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 595.80 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 595.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 595.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 595.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 595.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 595.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 595.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 595.80 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 595.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 595.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 595.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 595.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 595.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 595.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 565.80 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 565.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 565.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 565.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 565.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 565.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 565.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 565.80 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 565.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 565.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 565.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 565.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 565.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 565.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 535.80 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 535.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 535.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 535.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 535.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 535.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 535.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 535.80 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 535.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 535.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 535.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 535.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 535.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 535.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 505.80 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.00 505.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 166.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 505.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 200.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 204.00 505.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 505.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 505.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 505.80 30.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 505.80 37.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 505.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 505.80 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 505.80 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 505.80 32.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 505.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 505.80 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 133 674.8 m 166 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166 674.8 m 170 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 674.8 m 200 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 674.8 m 204 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 674.8 m 237 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237 674.8 m 241 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 674.8 m 271 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 674.8 m 275 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 674.8 m 308 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 674.8 m 312 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 674.8 m 342 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 674.8 m 346 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 674.8 m 383 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 674.8 m 387 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 674.8 m 418 674.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133 653.8 m 166 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166 653.8 m 170 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 653.8 m 200 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 653.8 m 237 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237 653.8 m 241 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 653.8 m 271 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 653.8 m 308 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 653.8 m 312 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 653.8 m 342 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 653.8 m 383 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 653.8 m 387 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 653.8 m 418 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 653.8 m 455 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 653.8 m 459 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 653.8 m 490 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 653.8 m 526 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 653.8 m 530 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 653.8 m 562 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133 640.8 m 166 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 640.8 m 200 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204 640.8 m 237 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 640.8 m 271 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 640.8 m 308 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 640.8 m 342 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 653.8 m 383 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 640.8 m 383 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 653.8 m 387 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 653.8 m 418 653.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 640.8 m 418 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 640.8 m 455 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 640.8 m 490 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 640.8 m 526 640.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 640.8 m 562 640.8 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.60 679.05 Td (Net Effective Spread by Line of Business) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 142.20 658.05 Td (Farm & Ranch) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.30 658.05 Td (USDA Guarantees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.20 658.05 Td (Rural Utilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.15 658.05 Td (Institutional Credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.50 658.05 Td (Corporate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.10 666.05 Td (Net Effective) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.35 658.05 Td (Spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.20 645.05 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 175.80 645.05 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.20 645.05 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.80 645.05 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.20 645.05 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.80 645.05 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.20 645.05 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 645.05 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.20 645.05 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.30 645.05 Td (Yield) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.70 645.05 Td (Dollars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 645.05 Td (Yield) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 316.05 629.84 Td (\(dollars in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 615.05 Td (For the quarter ended:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 600.05 Td (September 30, 2017) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 121.71 603.68 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.50 600.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 600.05 Td (11,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 600.05 Td (1.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 600.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.50 600.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 600.05 Td (4,855) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 600.05 Td (0.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 600.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.50 600.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 600.05 Td (2,832) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 600.05 Td (1.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 600.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.50 600.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 600.05 Td (14,363) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 600.05 Td (0.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 600.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.50 600.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 600.05 Td (2,699) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 600.05 Td (0.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 600.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.50 600.05 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 600.05 Td (36,227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 600.05 Td (0.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 600.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 585.05 Td (June 30, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 585.05 Td (11,331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 585.05 Td (1.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 585.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 585.05 Td (4,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 585.05 Td (0.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 585.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 585.05 Td (2,736) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 585.05 Td (1.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 585.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 585.05 Td (14,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 585.05 Td (0.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 585.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 585.05 Td (2,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 585.05 Td (0.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 585.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 585.05 Td (35,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 585.05 Td (0.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 585.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 570.05 Td (March 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 570.05 Td (10,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 570.05 Td (1.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 570.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 570.05 Td (4,703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 570.05 Td (0.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 570.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 570.05 Td (2,639) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 570.05 Td (1.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 570.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 570.05 Td (12,581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 570.05 Td (0.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 570.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 570.05 Td (2,259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 570.05 Td (0.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 570.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 570.05 Td (32,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 570.05 Td (0.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 570.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 555.05 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 555.05 Td (10,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 555.05 Td (1.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 555.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 555.05 Td (5,334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 555.05 Td (1.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 555.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 555.05 Td (2,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 555.05 Td (1.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 555.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 555.05 Td (11,627) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 555.05 Td (0.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 555.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 555.05 Td (1,995) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 555.05 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 555.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 555.05 Td (31,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 555.05 Td (0.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 555.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 540.05 Td (September 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.80 540.05 Td (10,703) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 540.05 Td (1.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 540.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 540.05 Td (5,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 540.05 Td (1.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 540.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 540.05 Td (2,643) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 540.05 Td (1.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 540.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 540.05 Td (11,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 540.05 Td (0.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 540.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 540.05 Td (2,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 540.05 Td (0.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 540.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 540.05 Td (32,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 540.05 Td (0.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 540.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 525.05 Td (June 30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 525.05 Td (9,875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 525.05 Td (1.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 525.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 525.05 Td (4,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 525.05 Td (0.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 525.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 525.05 Td (2,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 525.05 Td (1.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 525.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 525.05 Td (11,407) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 525.05 Td (0.77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 525.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 525.05 Td (2,594) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 525.05 Td (0.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 525.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 525.05 Td (31,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 525.05 Td (0.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 525.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 510.05 Td (March 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 510.05 Td (9,461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 510.05 Td (1.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 510.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 510.05 Td (4,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 510.05 Td (0.91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 510.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 510.05 Td (2,538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 510.05 Td (1.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 510.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 510.05 Td (11,090) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 510.05 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 510.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 510.05 Td (2,552) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 510.05 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 510.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 510.05 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 510.05 Td (0.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 510.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 495.05 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 495.05 Td (9,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 495.05 Td (1.72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 495.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 495.05 Td (4,518) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 495.05 Td (0.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 495.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 495.05 Td (2,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 495.05 Td (1.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 495.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 495.05 Td (10,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 495.05 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 495.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 495.05 Td (2,306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 495.05 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 495.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 495.05 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 495.05 Td (0.85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 495.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 480.05 Td (September 30, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.80 480.05 Td (9,628) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.80 480.05 Td (1.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.80 480.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.80 480.05 Td (4,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 480.05 Td (0.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.80 480.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.80 480.05 Td (2,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.80 480.05 Td (1.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.80 480.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.80 480.05 Td (11,271) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.80 480.05 Td (0.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.80 480.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.80 480.05 Td (1,951) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 480.05 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.80 480.05 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.80 480.05 Td (30,387) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 480.05 Td (0.88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 480.05 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 49.50 467.32 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 463.70 Td (Net ef) Tj ET Q q 0 0 0 rg BT 87.12 463.70 Td (fective spread is a non-GAAP) Tj ET Q q 0 0 0 rg BT 182.80 463.70 Td ( measure. See above for a reconciliation of GAAP) Tj ET Q q 0 0 0 rg BT 343.11 463.70 Td ( net interest income by line of business to net ef) Tj ET Q q 0 0 0 rg BT 495.82 463.70 Td (fective spread by ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 454.10 Td (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 50.00 653.40 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 653.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 653.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 653.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 653.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 653.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 653.40 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 653.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 653.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 653.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 653.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 627.40 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 627.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 627.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 627.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 627.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 627.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 627.40 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 627.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 627.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 627.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 627.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 601.40 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 601.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 601.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 601.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 601.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 601.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 601.40 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 601.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 601.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 601.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 601.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 580.40 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 580.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 580.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 580.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 580.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 580.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 580.40 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 580.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 580.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 580.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 580.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 554.40 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 554.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 554.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 554.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 554.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 554.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 554.40 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 554.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 554.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 554.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 554.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 528.40 126.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 528.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 528.40 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 528.40 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 528.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 528.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 528.40 37.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 528.40 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 528.40 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 528.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 528.40 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 499.40 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 499.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 499.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 499.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 499.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 499.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 499.40 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 499.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 499.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 499.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 499.40 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 465.40 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 465.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 465.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 465.40 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.00 465.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 465.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.00 465.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 465.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 465.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 465.40 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 465.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 465.40 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 465.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 465.40 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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m 517 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 665.4 m 517 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 686.4 m 521 686.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 686.4 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 521 665.4 m 563 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 665.4 m 217 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 665.4 m 221 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 665.4 m 257 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 665.4 m 299 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 665.4 m 344 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 665.4 m 389 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 665.4 m 430 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 665.4 m 472 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 665.4 m 517 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 665.4 m 563 665.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 601.4 m 217 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 601.4 m 257 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 601.4 m 299 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 601.4 m 344 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 601.4 m 389 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 601.4 m 430 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 601.4 m 472 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 601.4 m 517 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 601.4 m 563 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 601.4 m 563 601.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 528.4 m 217 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 528.4 m 257 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 528.4 m 299 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 528.4 m 344 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 528.4 m 389 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 528.4 m 430 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 528.4 m 472 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 528.4 m 517 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 528.4 m 563 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 528.4 m 563 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 439.4 m 217 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 439.4 m 257 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 439.4 m 299 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 439.4 m 344 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 439.4 m 389 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 439.4 m 430 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 439.4 m 472 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 439.4 m 217 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 426.4 m 217 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 439.4 m 257 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 426.4 m 257 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 439.4 m 299 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 426.4 m 299 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 439.4 m 344 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 426.4 m 344 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 439.4 m 389 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 426.4 m 389 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 439.4 m 430 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 426.4 m 430 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 439.4 m 472 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 426.4 m 472 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 439.4 m 517 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 426.4 m 517 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 439.4 m 563 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 426.4 m 563 426.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 358.4 m 217 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 358.4 m 257 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 358.4 m 299 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 358.4 m 344 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 358.4 m 389 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 358.4 m 430 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 358.4 m 472 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 358.4 m 517 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 358.4 m 563 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 346.4 m 217 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 344.4 m 217 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 346.4 m 257 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 344.4 m 257 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 346.4 m 299 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 344.4 m 299 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 346.4 m 344 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 344.4 m 344 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 346.4 m 389 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 344.4 m 389 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 346.4 m 430 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 344.4 m 430 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 346.4 m 472 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 344.4 m 472 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 346.4 m 517 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 344.4 m 517 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 358.4 m 563 358.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 346.4 m 563 346.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 344.4 m 563 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 203.39999999999998 m 217 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 203.39999999999998 m 257 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 203.39999999999998 m 299 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 203.39999999999998 m 344 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 203.39999999999998 m 389 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 203.39999999999998 m 430 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 203.39999999999998 m 472 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 203.39999999999998 m 517 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 203.39999999999998 m 563 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 203.39999999999998 m 217 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 183.39999999999998 m 217 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 181.39999999999998 m 217 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 203.39999999999998 m 257 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 183.39999999999998 m 257 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 181.39999999999998 m 257 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 203.39999999999998 m 299 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 183.39999999999998 m 299 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 181.39999999999998 m 299 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 203.39999999999998 m 344 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 183.39999999999998 m 344 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 181.39999999999998 m 344 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 203.39999999999998 m 389 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 183.39999999999998 m 389 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348 181.39999999999998 m 389 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 203.39999999999998 m 430 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 183.39999999999998 m 430 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 181.39999999999998 m 430 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 203.39999999999998 m 472 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 183.39999999999998 m 472 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 181.39999999999998 m 472 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 203.39999999999998 m 517 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 183.39999999999998 m 517 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 181.39999999999998 m 517 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 203.39999999999998 m 563 203.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 183.39999999999998 m 563 183.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 181.39999999999998 m 563 181.39999999999998 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 178.85 677.65 Td (September) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 669.65 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.15 677.65 Td (June) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.50 669.65 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.05 677.65 Td (March) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 669.65 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.55 677.65 Td (December) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 669.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.85 677.65 Td (September) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.00 669.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.65 677.65 Td (June) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.00 669.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.05 677.65 Td (March) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.50 669.65 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.55 677.65 Td (December) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 669.65 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.35 677.65 Td (September) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.50 669.65 Td (2015) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 348.85 657.44 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 644.65 Td (Revenues:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 631.65 Td (Net effective spread) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.75 631.65 Td (36,227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.80 631.65 Td (35,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.80 631.65 Td (32,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.75 631.65 Td (31,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.75 631.65 Td (32,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 631.65 Td (31,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 631.65 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.75 631.65 Td (29,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.50 631.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 631.65 Td (30,387) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 618.65 Td (Guarantee and commitment fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.75 618.65 Td (4,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.80 618.65 Td (4,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 618.65 Td (5,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.75 618.65 Td (5,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 618.65 Td (4,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 618.65 Td (4,810) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 618.65 Td (4,669) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 618.65 Td (4,730) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 618.65 Td (4,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 605.65 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.75 605.65 Td (429) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.10 605.65 Td (\(197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 605.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 605.65 Td (1,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.75 605.65 Td (1,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.10 605.65 Td (\(32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 605.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.10 605.65 Td (\(125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 605.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.10 605.65 Td (\(517) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 605.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.10 605.65 Td (\(284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 605.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.10 605.65 Td (\(93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 605.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 592.65 Td (Total revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.75 592.65 Td (41,591) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.80 592.65 Td (40,355) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.80 592.65 Td (39,244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.75 592.65 Td (38,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.75 592.65 Td (36,700) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 592.65 Td (35,711) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 592.65 Td (34,101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.75 592.65 Td (34,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 592.65 Td (34,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 571.65 Td (Credit related expense/\(income\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 558.65 Td (Provision for/\(release of\) losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.75 558.65 Td (384) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.80 558.65 Td (466) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 558.65 Td (444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.75 558.65 Td (512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.10 558.65 Td (\(31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 558.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.80 558.65 Td (458) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 558.65 Td (63) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.10 558.65 Td (\(49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 558.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.10 558.65 Td (\(303) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 558.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 545.65 Td (REO operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.80 545.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.80 545.65 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.80 545.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.80 545.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 545.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.80 545.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 545.65 Td (39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 545.65 Td (44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 545.65 Td (48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 532.65 Td (\(Gains\)/losses on sale of REO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.10 532.65 Td (\(32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.80 532.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.10 532.65 Td (\(757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 532.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.80 532.65 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.80 532.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.10 532.65 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 532.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.80 532.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.80 532.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 532.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 532.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 519.65 Td (Total credit related expense/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 511.65 Td (\(income\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.75 511.65 Td (352) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.10 511.65 Td (\(268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 511.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 511.65 Td (449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.75 511.65 Td (512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.10 511.65 Td (\(46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 511.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.80 511.65 Td (458) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 511.65 Td (102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.10 511.65 Td (\(5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 511.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.10 511.65 Td (\(255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 511.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 490.65 Td (Operating expenses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 477.65 Td (Compensation and employee) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 469.65 Td (benefits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.75 469.65 Td (5,987) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.80 469.65 Td (6,682) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 469.65 Td (6,317) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.75 469.65 Td (5,949) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 469.65 Td (5,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 469.65 Td (5,611) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 469.65 Td (5,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 469.65 Td (5,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 469.65 Td (5,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 456.65 Td (General and administrative) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.75 456.65 Td (3,890) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.80 456.65 Td (3,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 456.65 Td (3,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.75 456.65 Td (4,352) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 456.65 Td (3,474) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 456.65 Td (3,757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 456.65 Td (3,526) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 456.65 Td (3,238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 456.65 Td (3,676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 443.65 Td (Regulatory fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.75 443.65 Td (625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.80 443.65 Td (625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.80 443.65 Td (625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.75 443.65 Td (625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.75 443.65 Td (613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.80 443.65 Td (612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 443.65 Td (613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 443.65 Td (613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.75 443.65 Td (600) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 430.65 Td (Total operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.75 430.65 Td (10,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.80 430.65 Td (11,228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.80 430.65 Td (10,742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.75 430.65 Td (10,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 430.65 Td (9,525) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 430.65 Td (9,980) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 430.65 Td (9,913) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 430.65 Td (9,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 430.65 Td (9,512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 409.65 Td (Net earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.75 409.65 Td (30,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.80 409.65 Td (29,395) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.80 409.65 Td (28,053) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.75 409.65 Td (26,837) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.75 409.65 Td (27,221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 409.65 Td (25,273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 409.65 Td (24,086) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.75 409.65 Td (25,164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 409.65 Td (25,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 396.65 Td (Income tax expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.75 396.65 Td (10,410) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.80 396.65 Td (10,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 396.65 Td (9,166) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.75 396.65 Td (9,581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 396.65 Td (9,497) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 396.65 Td (8,956) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 396.65 Td (8,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 396.65 Td (8,855) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 396.65 Td (8,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 383.65 Td (Net \(loss\)/income attributable to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 375.65 Td (non-controlling interest) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 127.82 379.28 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.80 375.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.10 375.65 Td (\(150) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 375.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.10 375.65 Td (\(15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.80 375.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.80 375.65 Td (28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.10 375.65 Td (\(18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 375.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.10 375.65 Td (\(16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 375.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.10 375.65 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 375.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.10 375.65 Td (\(60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 375.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.10 375.65 Td (\(36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 375.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 362.65 Td (Preferred stock dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.75 362.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.80 362.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 362.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.75 362.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 362.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.80 362.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 362.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 362.65 Td (3,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 362.65 Td (3,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 349.65 Td (Core earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.75 349.65 Td (17,032) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 223.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.80 349.65 Td (15,952) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.80 349.65 Td (15,607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.75 349.65 Td (13,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.75 349.65 Td (14,447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.80 349.65 Td (13,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 349.65 Td (12,375) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.75 349.65 Td (13,073) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.50 349.65 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 349.65 Td (13,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 328.65 Td (Reconciling items:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 315.65 Td (Gains/\(losses\) on financial) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 307.65 Td (derivatives and hedging activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 299.65 Td (due to fair value changes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.75 299.65 Td (2,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.80 299.65 Td (2,221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.80 299.65 Td (4,805) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.75 299.65 Td (17,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 299.65 Td (1,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.10 299.65 Td (\(2,076) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 299.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.10 299.65 Td (\(2,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 299.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 299.65 Td (2,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 299.65 Td (\(6,906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 299.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 286.65 Td (Unrealized \(losses\)/gains on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 278.65 Td (trading assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.80 278.65 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.10 278.65 Td (\(2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 278.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.10 278.65 Td (\(82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.80 278.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.10 278.65 Td (\(474) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 278.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.75 278.65 Td (1,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.80 278.65 Td (394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.80 278.65 Td (358) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.75 278.65 Td (696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.10 278.65 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 278.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 265.65 Td (Amortization of premiums/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 257.65 Td (discounts and deferred gains on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 249.65 Td (assets consolidated at fair value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.10 249.65 Td (\(954) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.10 249.65 Td (\(117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.10 249.65 Td (\(127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.10 249.65 Td (\(40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.10 249.65 Td (\(157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.10 249.65 Td (\(371) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.10 249.65 Td (\(281) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.10 249.65 Td (\(263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 249.65 Td (\)) Tj ET Q BT /F1 8.00 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