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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2021
Nov. 30, 2020
Income Statement [Abstract]        
Interest income $ 283,152 $ 276,499 $ 566,420 $ 556,083
Interest expense (173,596) (174,422) (348,373) (354,398)
Net interest income 109,556 102,077 218,047 201,685
Benefit (provision) for credit losses 3,400 (1,638) (603) (1,964)
Net interest income after benefit (provision) for credit losses 112,956 100,439 217,444 199,721
Non-interest income:        
Fee and other income 4,831 6,332 8,772 9,848
Derivative gains (losses) 46,086 81,287 (126,077) 141,563
Investment securities gains (losses) (4,344) (1,361) (6,569) 3,298
Total non-interest income 46,573 86,258 (123,874) 154,709
Non-interest expense:        
Salaries and employee benefits (12,380) (14,011) (25,690) (27,144)
Other general and administrative expenses (10,715) (10,125) (21,615) (19,655)
Losses on early extinguishment of debt (118) (1,455) (118) (1,455)
Other non-interest expense (313) (323) (569) (655)
Total non-interest expense (23,526) (25,914) (47,992) (48,909)
Income before income taxes 136,003 160,783 45,578 305,521
Income tax provision (274) (262) (181) (413)
Net income 135,729 160,521 45,397 305,108
Less: Net income attributable to noncontrolling interests (631) (505) (193) (676)
Net income attributable to CFC $ 135,098 $ 160,016 $ 45,204 $ 304,432