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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Feb. 28, 2014
Feb. 28, 2013
Feb. 28, 2014
Feb. 28, 2013
Interest income $ 238,732 $ 234,021 $ 719,057 $ 715,736
Interest expense (163,534) (171,899) (496,464) (522,796)
Net interest income 75,198 62,122 222,593 192,940
(Provision for) recovery of loan losses (787) 378 (3,161) (4,927)
Net interest income after (provision for) recovery of loan losses 74,411 62,500 219,432 188,013
Non-interest income:        
Fee and other income 5,702 6,337 14,983 29,102
Derivative (losses) gains, net (31,623) 46,626 43,981 18,268
Results of operations of foreclosed assets (1,164) 6,478 (8,482) 804
Total non-interest income (27,085) 59,441 50,482 48,174
Non-interest expense:        
Salaries and employee benefits (8,013) (23,627) (27,359) (44,180)
Other general and administrative expenses (9,170) (6,652) (27,012) (22,720)
(Provision for) recovery of guarantee liability (117) 46 (159) 147
Losses on early extinguishment of debt (1,452) 0 (1,452) 0
Other 210 (554) (88) (5,101)
Total non-interest expense (18,542) (30,787) (56,070) (71,854)
Income prior to income taxes 28,784 91,154 213,844 164,333
Income tax expense (243) (1,067) (2,045) (1,519)
Net income 28,541 90,087 211,799 162,814
Less: Net income attributable to noncontrolling interest (239) (1,664) (3,024) (2,368)
Net income attributable to CFC $ 28,302 $ 88,423 $ 208,775 $ 160,446