An important part of our strategy is our ongoing business relationships with a number of business partners in Maine and Farm Credit businesses nationwide. Farm Credit businesses include: CoBank, our $58 billion national banking partner; Farm Credit Leasing, our national leasing company; and Financial Partners, Inc., our jointly owned operations center. These partners are key to our success.

The table below summarizes some of our key financial performance measures for the second quarter of 2010. Our board measures financial performance quarterly.

• Total loan commitments at June 30, 2010 were $634.8 million.
• Total loan volume outstanding at June 30, 2010 of $421.5 million is $24.2 million or 6.1 percent higher than prior year.
• After-tax net income of $3.1 million at June 30, 2010 yielded an ROA (return on assets) of 2.1 percent. Our profit plan goal for 2010 is 1.6 percent.
• Our permanent capital ratio was 16.2 percent at June 30, 2010.
• In January of this year, the cooperative's board declared a 2009 patronage dividend totaling $1,700,000. Distribution to eligible stockholders was 50 percent in cash this spring ($850,000 distributed) and the remaining 50 percent to allocated surplus funds for planned distribution in 2016.