Investor Presentaiton

Agricultural past-due loan ratios have increased sharply but are still low by historical measure. Median Ratio Percent -Median Past-Due & Nonaccrual Agricultural Loan Ratio -Median Agricultural Loan Annual Charge-Off Rate 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 FDIC 0.00 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 Source: FDIC, 4Q2017, South Dakota, only farm banks reporting delinquent & charged-off ag loans.

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