Annual Report - CoBank

Note 14 – Segment Financial InformationWe conduct lending operations through three operatingsegments: Agribusiness, Strategic Relationships and RuralInfrastructure.The following table presents condensed disaggregatedinformation for the segments. Allocations of resources andcorporate items, as well as measurement of financialperformance, are made at these operating segment levels. Wealso allocate net interest income on investment securities toour segments. Information to reconcile the total reportablesegments to the total CoBank financial statements is shown as“other.” Intersegment transactions are insignificant. Financialresults presented for the prior periods have been reclassified toconform to our current year presentation.We do not hold significant assets in any foreign country.Substantially all of our agricultural export finance loans areU.S. dollar-denominated and the majority of these loans areguaranteed by a U.S. government-sponsored loan guaranteeprogram. For the year ended December 31, 2011, no customermade up 10 percent or more of our gross or net interestincome. For each of the two years ended December 31, 2010and 2009, interest earned from an affiliated Association,Northwest, represented 10 percent of our gross interest incomeand less than 10 percent of our net interest income. No othercustomer made up 10 percent or more of our gross or netinterest income for 2010 and 2009.CoBank 2011 Annual Report102