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Business Segments - Segment Results and Total Assets (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Feb. 28, 2022
USD ($)
Feb. 28, 2021
USD ($)
Feb. 28, 2022
USD ($)
segment
Feb. 28, 2021
USD ($)
Nov. 30, 2021
USD ($)
May 31, 2021
USD ($)
Nov. 30, 2020
USD ($)
May 31, 2020
USD ($)
Segment Information                
Number of operating segments | segment     3          
Statement of operations:                
Interest income $ 285,206 $ 278,172 $ 851,626 $ 834,255        
Interest expense (173,654) (173,040) (522,027) (527,438)        
Derivative cash settlements interest expense 0 0 0 0        
Interest expense (173,654) (173,040) (522,027) (527,438)        
Net interest income 111,552 105,132 329,599 306,817        
Benefit for credit losses 12,749 (33,023) 12,146 (34,987)        
Net interest income after benefit (provision) for credit losses 124,301 72,109 341,745 271,830        
Non-interest income:                
Fee and other income 4,270 3,819 13,042 13,667        
Derivative forward value gains     122,930 558,266        
Derivative gains 169,280 330,196 43,203 471,759        
Investment securities losses (11,621) (2,807) (18,190) 491        
Total non-interest income 161,929 331,208 38,055 485,917        
Non-interest expense:                
General and administrative expenses (23,079) (23,562) (70,384) (70,361)        
Losses on early extinguishment of debt (578) 0 (696) (1,455)        
Other non-interest expense (265) (301) (834) (956)        
Total non-interest expense (23,922) (23,863) (71,914) (72,772)        
Income before income taxes 262,308 379,454 307,886 684,975        
Income tax provision (343) (507) (524) (920)        
Net income 261,965 378,947 307,362 684,055        
Assets:                
Total loans outstanding 29,508,363 28,315,671 29,508,363 28,315,671   $ 28,415,107    
Deferred loan origination costs 12,018 11,810 12,018 11,810        
Loans to members 29,520,381 28,327,481 29,520,381 28,327,481        
Less: Allowance for credit losses (73,386) (92,012) (73,386) (92,012) $ (86,135) (85,532) $ (58,989) $ (53,125)
Loans to members, net 29,446,995 28,235,469 29,446,995 28,235,469   28,341,429    
Other assets 1,036,527 1,179,519 1,036,527 1,179,519        
Total assets 30,483,522 29,414,988 30,483,522 29,414,988   $ 29,638,363    
Interest rate swaps                
Statement of operations:                
Interest expense (26,212) (29,735) (79,727) (86,507)        
Derivative cash settlements interest expense (26,212) (29,735) (79,727) (86,507)        
Non-interest income:                
Derivative forward value gains 195,492 359,931 122,930 558,266        
Derivative gains 169,280 330,196 43,203 471,759        
Operating segments                
Statement of operations:                
Interest income 293,979 287,054 877,843 861,139        
Interest expense (182,427) (181,922) (548,244) (554,322)        
Derivative cash settlements interest expense (26,212) (29,735) (79,727) (86,507)        
Interest expense (208,639) (211,657) (627,971) (640,829)        
Net interest income 85,340 75,397 249,872 220,310        
Benefit for credit losses 12,751 (36,611) 15,005 (37,468)        
Net interest income after benefit (provision) for credit losses 98,091 38,786 264,877 182,842        
Non-interest income:                
Fee and other income 6,275 9,367 16,763 21,825        
Derivative gains 0 0 0 0        
Investment securities losses (11,621) (2,807) (18,190) 491        
Total non-interest income (5,346) 6,560 (1,427) 22,316        
Non-interest expense:                
General and administrative expenses (24,674) (25,083) (75,170) (75,068)        
Losses on early extinguishment of debt (578)   (696) (1,455)        
Other non-interest expense (677) (740) (2,628) (1,926)        
Total non-interest expense (25,929) (25,823) (78,494) (78,449)        
Income before income taxes 66,816 19,523 184,956 126,709        
Income tax provision (343) (507) (524) (920)        
Net income 66,473 19,016 184,432 125,789        
Assets:                
Total loans outstanding 30,675,094 29,447,080 30,675,094 29,447,080        
Deferred loan origination costs 12,018 11,810 12,018 11,810        
Loans to members 30,687,112 29,458,890 30,687,112 29,458,890        
Less: Allowance for credit losses (76,596) (100,180) (76,596) (100,180)        
Loans to members, net 30,610,516 29,358,710 30,610,516 29,358,710        
Other assets 1,123,550 1,277,543 1,123,550 1,277,543        
Total assets 31,734,066 30,636,253 31,734,066 30,636,253        
Operating segments | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains 0 0 0 0        
Reclasses and adjustments                
Statement of operations:                
Interest income 0 0 0 0        
Interest expense 0 0 0 0        
Derivative cash settlements interest expense 26,212 29,735 79,727 86,507        
Interest expense 26,212 29,735 79,727 86,507        
Net interest income 26,212 29,735 79,727 86,507        
Benefit for credit losses 0 0 0 0        
Net interest income after benefit (provision) for credit losses 26,212 29,735 79,727 86,507        
Non-interest income:                
Fee and other income 0 0 0 0        
Derivative gains 169,280 330,196 43,203 471,759        
Investment securities losses 0 0 0 0        
Total non-interest income 169,280 330,196 43,203 471,759        
Non-interest expense:                
General and administrative expenses 0 0 0 0        
Losses on early extinguishment of debt 0   0 0        
Other non-interest expense 0 0 0 0        
Total non-interest expense 0 0 0 0        
Income before income taxes 195,492 359,931 122,930 558,266        
Income tax provision 0 0 0 0        
Net income 195,492 359,931 122,930 558,266        
Assets:                
Total loans outstanding 0 0 0 0        
Deferred loan origination costs 0 0 0 0        
Loans to members 0 0 0 0        
Less: Allowance for credit losses 0 0 0 0        
Loans to members, net 0 0 0 0        
Other assets 0 0 0 0        
Total assets 0 0 0 0        
Reclasses and adjustments | Interest rate swaps                
Statement of operations:                
Interest expense (26,212) (29,735) (79,727) (86,507)        
Non-interest income:                
Derivative forward value gains 195,492 359,931 122,930 558,266        
Intersegment eliminations                
Statement of operations:                
Interest income (8,773) (8,882) (26,217) (26,884)        
Interest expense 8,773 8,882 26,217 26,884        
Derivative cash settlements interest expense 0 0 0 0        
Interest expense 8,773 8,882 26,217 26,884        
Net interest income 0 0 0 0        
Benefit for credit losses (2) 3,588 (2,859) 2,481        
Net interest income after benefit (provision) for credit losses (2) 3,588 (2,859) 2,481        
Non-interest income:                
Fee and other income (2,005) (5,548) (3,721) (8,158)        
Derivative gains 0 0 0 0        
Investment securities losses 0 0 0 0        
Total non-interest income (2,005) (5,548) (3,721) (8,158)        
Non-interest expense:                
General and administrative expenses 1,595 1,521 4,786 4,707        
Losses on early extinguishment of debt 0   0 0        
Other non-interest expense 412 439 1,794 970        
Total non-interest expense 2,007 1,960 6,580 5,677        
Income before income taxes 0 0 0 0        
Income tax provision 0 0 0 0        
Net income 0 0 0 0        
Assets:                
Total loans outstanding (1,166,731) (1,131,409) (1,166,731) (1,131,409)        
Deferred loan origination costs 0 0 0 0        
Loans to members (1,166,731) (1,131,409) (1,166,731) (1,131,409)        
Less: Allowance for credit losses 3,210 8,168 3,210 8,168        
Loans to members, net (1,163,521) (1,123,241) (1,163,521) (1,123,241)        
Other assets (87,023) (98,024) (87,023) (98,024)        
Total assets (1,250,544) (1,221,265) (1,250,544) (1,221,265)        
Intersegment eliminations | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains 0 0 0 0        
CFC | Operating segments                
Statement of operations:                
Interest income 283,162 276,153 845,600 828,222        
Interest expense (173,654) (173,039) (522,027) (527,437)        
Derivative cash settlements interest expense (25,802) (29,307) (78,480) (85,240)        
Interest expense (199,456) (202,346) (600,507) (612,677)        
Net interest income 83,706 73,807 245,093 215,545        
Benefit for credit losses 12,749 (33,023) 12,146 (34,987)        
Net interest income after benefit (provision) for credit losses 96,455 40,784 257,239 180,558        
Non-interest income:                
Fee and other income 5,590 5,059 17,006 17,347        
Derivative gains 0 0 0 0        
Investment securities losses (11,621) (2,807) (18,190) 491        
Total non-interest income (6,031) 2,252 (1,184) 17,838        
Non-interest expense:                
General and administrative expenses (22,690) (23,174) (69,060) (69,124)        
Losses on early extinguishment of debt (578)   (696) (1,455)        
Other non-interest expense (265) (301) (834) (956)        
Total non-interest expense (23,533) (23,475) (70,590) (71,535)        
Income before income taxes 66,891 19,561 185,465 126,861        
Income tax provision 0 0 0 0        
Net income 66,891 19,561 185,465 126,861        
Assets:                
Total loans outstanding 29,487,207 28,294,236 29,487,207 28,294,236        
Deferred loan origination costs 12,018 11,810 12,018 11,810        
Loans to members 29,499,225 28,306,046 29,499,225 28,306,046        
Less: Allowance for credit losses (73,386) (92,012) (73,386) (92,012)        
Loans to members, net 29,425,839 28,214,034 29,425,839 28,214,034        
Other assets 1,027,433 1,169,521 1,027,433 1,169,521        
Total assets 30,453,272 29,383,555 30,453,272 29,383,555        
CFC | Operating segments | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains 0 0 0 0        
NCSC and RTFC | Operating segments                
Statement of operations:                
Interest income 10,817 10,901 32,243 32,917        
Interest expense (8,773) (8,883) (26,217) (26,885)        
Derivative cash settlements interest expense (410) (428) (1,247) (1,267)        
Interest expense (9,183) (9,311) (27,464) (28,152)        
Net interest income 1,634 1,590 4,779 4,765        
Benefit for credit losses 2 (3,588) 2,859 (2,481)        
Net interest income after benefit (provision) for credit losses 1,636 (1,998) 7,638 2,284        
Non-interest income:                
Fee and other income 685 4,308 (243) 4,478        
Derivative gains 0 0 0 0        
Investment securities losses 0 0 0 0        
Total non-interest income 685 4,308 (243) 4,478        
Non-interest expense:                
General and administrative expenses (1,984) (1,909) (6,110) (5,944)        
Losses on early extinguishment of debt 0   0 0        
Other non-interest expense (412) (439) (1,794) (970)        
Total non-interest expense (2,396) (2,348) (7,904) (6,914)        
Income before income taxes (75) (38) (509) (152)        
Income tax provision (343) (507) (524) (920)        
Net income (418) (545) (1,033) (1,072)        
Assets:                
Total loans outstanding 1,187,887 1,152,844 1,187,887 1,152,844        
Deferred loan origination costs 0 0 0 0        
Loans to members 1,187,887 1,152,844 1,187,887 1,152,844        
Less: Allowance for credit losses (3,210) (8,168) (3,210) (8,168)        
Loans to members, net 1,184,677 1,144,676 1,184,677 1,144,676        
Other assets 96,117 108,022 96,117 108,022        
Total assets 1,280,794 1,252,698 1,280,794 1,252,698        
NCSC and RTFC | Operating segments | Interest rate swaps                
Statement of operations:                
Interest expense 0 0 0 0        
Non-interest income:                
Derivative forward value gains $ 0 $ 0 $ 0 $ 0