Stay ahead of the curve with our Agricultural NPL & REO Opportunities Overview for Q4 2022. Get the latest insights, trends, and opportunities in the agricultural NPL and REO market. Make informed decisions and invest with confidence with our expert guide.
The status of non-performing agricultural and farm loans and REO is critical to the U.S. financial and real estate markets. This article comprehensively overviews non-performing agricultural and farm loans and REO in the U.S. as of Q4 2022.
Non-Performing Agricultural and Farm Loans and REO in the US
As of the end of Q4 2022, there were 1,836 banks in the U.S. with non-performing agricultural and farm loans and REO. Agricultural and farm loans are loans issued to finance the purchase or construction of an agricultural or farm property. On the other hand, REO stands for “Real Estate Owned” and refers to properties that a bank has acquired due to foreclosure and now owns.
Farmland and Agricultural REO
At the end of Q4 2022, there were $64,322,000 in farmland and agricultural REO, with 79 banks holding these properties.
30-89 Day Late and still accruing
As of the end of Q4 2022, there were 2,837,000 in non-performing agricultural and farm loans that were 30-89 days late and still accruing, with 797 banks holding these loans.
90+ Day Late and still accruing
As of the end of Q4 2022, 258,000 non-performing agricultural and farm loans were 90+ days late and still accruing, with 158 banks holding these loans.
Nonaccrual Loans
As of the end of Q4 2022, nonaccrual loans for agricultural and farm properties totaled 5,670,000, with 802 banks holding these loans.
Regulatory Reporting Requirements
The information provided in this article is based on the regulatory financial report that is required by the Federal Financial Institutions Examination Council (FFIEC) and the Federal Deposit Insurance Corporation (FDIC). Banks must submit quarterly reports to the FDIC and FFIEC.
Investing in Non-Performing Agricultural and Farm Loans and REO
If you’re interested in investing in non-performing agricultural and farm loans and REO, contact Fitzgerald Advisors. We are a mortgage note and REO brokerage firm that specializes in these areas and can provide valuable guidance and advice on the investment process.
