We are on the move! Our Round Rock and Temple Credit Offices have been relocated to our new Georgetown Credit Office. You can now find us at 4411 South Interstate 35, #110, Georgetown. For more information, please visit our Georgetown location page.

Lone Star Ag Credit Pays Record Dividends – based on exceptional Growth and Earnings in 2015

FORT WORTH, Texas - During 2015 Lone Star grew its outstanding loan assets by more than $150 million, to a record $1.55 billion. Net income grew to $27.6 million, up from $27.1 million in 2014. During this same period, the portfolio credit quality continued to increase such that 98.76% of loans are classified as acceptable or special mention.

"What better way to celebrate National Ag Day than to put these strong profits back in the hands of the farmers, ranchers and landowners who make our 48-county territory so great," said Troy Bussmeir, CEO of Lone Star. "We experienced record growth and earnings during 2015, while continuing to improve the quality of the portfolio. This allowed our Directors to declare and pay a CASH dividend of nearly $13.0 million to our members on March 15th of this year. That is right on the heels of distributing $4.1 million of prior allocated equities to the former Texas Land Bank stockholders in November." These cash dividends significantly reduce the cost of borrowing for the more than 5,000 eligible stockholders of Lone Star.

Lone Star Ag Credit specializes in financing agricultural and recreational real estate, rural homes, agribusinesses, livestock, equipment and operating expenses across 48 counties in North, East, Central and West Texas. Lone Star is part of the nationwide network of Farm Credit lending cooperatives, which means its borrowers are stockholders – and they reap the full benefits of borrowing from a successful lending institution.

Lone Star Ag Credit has credit offices in Abilene, Cleburne, Corsicana, Denton, Fort Worth, Hillsboro, Lampasas, Mount Pleasant, New Boston, Paris, Round Rock, Sherman, Stephenville, Sweetwater, Temple, Waco, and Weatherford, in addition to its Fort Worth headquarters. For more information, please visit www.LoneStarAgCredit.com


Published March 24, 2016