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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
May 31, 2023
May 31, 2022
May 31, 2021
Income Statement [Abstract]      
Interest income $ 1,351,729 $ 1,141,243 $ 1,116,601
Interest expense (1,036,508) (705,534) (702,063)
Net interest income 315,221 435,709 414,538
Benefit (provision) for credit losses (603) 17,972 (28,507)
Net interest income after benefit (provision) for credit losses 314,618 453,681 386,031
Non-interest income:      
Fee and other income 18,134 17,193 18,929
Derivative gains 285,844 456,482 506,301
Investment securities losses (4,974) (30,179) 1,495
Total non-interest income 299,004 443,496 526,725
Non-interest expense:      
Salaries and employee benefits (59,011) (51,863) (55,258)
Other general and administrative expenses (50,620) (43,323) (39,447)
Losses on early extinguishment of debt (117) (754) (1,456)
Other non-interest expense (1,487) (1,552) (1,619)
Total non-interest expense (111,235) (97,492) (97,780)
Income before income taxes 502,387 799,685 814,976
Income tax provision (800) (1,148) (998)
Net income 501,587 798,537 813,978
Less: Net income attributable to noncontrolling interests (97) (2,692) (2,311)
Net income attributable to CFC $ 501,490 $ 795,845 $ 811,667