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Lone Star Ag Credit Reports Strong Financial Results through the Third Quarter

Lone Star Ag Credit, a rural lending cooperative headquartered in Fort Worth, reported excellent financial performance through September 30, 2015.

Net income through September 30, 2015 was $20 million. Gross loan volume was $1.51 billion at the end of September 2015, a growth of $105 million since the end of 2014.

Credit quality of the loan portfolio continues to improve and has reached 98.5% of total loans classified as acceptable or special mention.

Lone Star Ag Credit strives to provide a source of reliable financing to our customers by improving the quality of assets. The results through the third quarter are an example of that commitment.

In April of this year, $12.1 million in cash patronage dividend checks were mailed to eligible member-stockholders. This dividend payment effectively reduced borrowers' interest rates by an average of 1%.

Lone Star Ag Credit is part of the Farm Credit System and provides financing options for agricultural and recreational real estate, rural homes, agribusinesses, operating lines of credit, equipment, and livestock.

Lone Star Ag Credit has finance expertise for farmers, ranchers, rural land and home owners. Our credit offices are located in 48 counties throughout North, Central, East, and West Texas. Our staff is ready and willing to discuss your needs and the loan programs that are beneficial to you. Credit office locations are in Fort Worth, Sweetwater, Abilene, Stephenville, Weatherford, Cleburne, Denton, Sherman, Paris, Round Rock, Waco, Temple, Hillsboro, Lampasas, Corsicana, Mt. Pleasant, and New Boston. The headquarters office is located near downtown Fort Worth.

Published November 3, 2015