ROOTED IN AGRICULTUREI n v e s t e d i n Yo u

YOSEMITE FARM CREDIT, ACA

2019 ANNUAL REPORT

TABLE OF CONTENTS

A Message to our Members .................................................................................................................. 1

Five-Year Summary of Selected Consolidated Financial Data ............................................................. 2

Report of Management ......................................................................................................................... 3

Management’s Report on Internal Control over Financial Reporting................................................... 4

Audit Committee Report ....................................................................................................................... 5

Management's Discussion and Analysis .............................................................................................. 6

Report of Independent Auditors ............................................................................................................ 29

Consolidated Statements of Condition .................................................................................................. 30

Consolidated Statements of Comprehensive Income ............................................................................ 31

Consolidated Statements of Changes in Shareholders' Equity .............................................................. 32

Consolidated Statements of Cash Flows ............................................................................................ 33-34

Notes to Consolidated Financial Statements ......................................................................................... 35

Disclosure Information ......................................................................................................................... 69

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YFC 2019 Annual ReportTable of ContentsMessage to our Members5-year Financial SummaryReport of ManagementManagement's Report on ICFRAudit Committee ReportDiscussion and AnalysisIndependent Auditors ReportConsolidated Statements of ConditionConsolidated Statements of Comprehensive IncomeConsolidated Statements of Changes in Shareholders' EquityConsolidated Statements of Cash FlowsConsolidated Financial Statement NotesDisclosure Information

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