Annual Report - CoBank

Consolidated Balance SheetsCoBank, ACB($ in Thousands)As of December 31, 2011 2010 2009AssetsTotal Loans $ 46,285,142 $ 49,992,338 $ 44,174,464Less: Allowance for Loan Losses 388,056 400,744 369,817Net Loans 45,897,086 49,591,594 43,804,647Cash 2,771,842 1,922,586 923,083Investment Securities 12,995,458 12,616,696 11,808,207Accrued Interest Receivable 277,528 386,401 406,700Interest Rate Swaps and Other Financial Instruments 1,048,629 1,001,365 984,074Other Assets 299,672 307,248 233,991Total Assets $ 63,290,215 $ 65,825,890 $ 58,160,702LiabilitiesBonds and Notes $ 56,104,486 $ 59,324,313 $ 51,911,314Subordinated Debt 1,000,000 1,000,000 1,000,000Accrued Interest Payable 255,021 351,235 394,298Interest Rate Swaps and Other Financial Instruments 136,945 92,580 123,379Reserve for Unfunded Commitments 153,919 99,799 128,373Other Liabilities 744,311 551,766 545,709Total Liabilities 58,394,682 61,419,693 54,103,073Commitments and Contingent Liabilities (Note 15)Shareholders’ EquityPreferred Stock 700,000 700,000 700,000Common Stock (Note 7) 1,654,314 1,568,989 1,520,054Unallocated Retained Earnings 2,439,531 2,137,394 1,871,986Accumulated Other Comprehensive Income (Loss) 101,688 (186) (34,411)Total Shareholders’ Equity 4,895,533 4,406,197 4,057,629Total Liabilities and Shareholders’ Equity $ 63,290,215 $ 65,825,890 $ 58,160,702The accompanying notes are an integral part of the consolidated financial statements.CoBank 2011 Annual Report65