MidAtlantic Farm Credit reported a net income of $57.3 million in 2016, up from $53.1 million in 2015. The company’s loan portfolio also increased from $2.46 billion in 2015 to $2.6 billion, with acceptable credit quality increasing from 97.8% to 98.2%.

Over the course of 2016, MidAtlantic Farm Credit returned $31.5 million in cash through its patronage program.

“Our patronage program is something we are extremely proud of, and something that sets us apart from other lenders,” said Tom Truitt, CEO of MidAtlantic Farm Credit. “Our cooperative structure is unique, just like our customers are. The over $30 million in cash to our members last year directly impacted our borrowers and local communities, and that’s something we are honored to have the ability to do.”

MidAtlantic Farm Credit is an agricultural lending cooperative owned by its member-borrowers. It provides farm loans for land, equipment, livestock and production, crop insurance and rural home mortgages.