CoBank's loan volume up 14%

Second quarter financials show net income up 5% mostly from higher net interest income.

CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, announced financial results for the second quarter and first six months of 2016.

Net income for the second quarter increased 5% to $243.3 million, compared to $232.3 million in the second quarter of 2015. For the first six months of 2016, net income was $486.6 million, a 5% increase from $464.6 million in the same period last year. The increas

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