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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Statement of Other Comprehensive Income [Abstract]        
Net income $ 1,976 $ 11,437 $ 30,446 $ 36,027
Other comprehensive income, net of tax:        
Unrealized holding gains on securities 10,827 [1] 27,466 [1] 10,863 [1] 20,911 [1]
Less: Reclassification adjustment for gains included in net income (237) [2] (645) [2] (520) [2] (2,750) [2]
Other comprehensive income 10,590 26,821 10,343 18,161
Comprehensive income 12,566 38,258 40,789 54,188
Less: Comprehensive income attributable to noncontrolling interest - preferred stock dividends (5,547) (5,547) (11,094) (11,094)
Comprehensive income attributable to Farmer Mac $ 7,019 $ 32,711 $ 29,695 $ 43,094
[1] Presented net of income tax expense of $5.8 million and $14.8 million for the three months ended June 30, 2012 and 2011, respectively, and income tax expense of $5.8 million and $11.3 million for the six months ended June 30, 2012 and 2011, respectively.
[2] Presented net of income tax benefit of $0.1 million and $0.3 million for the three months ended June 30, 2012 and 2011, respectively, and income tax benefit of $0.3 million and $1.5 million for the six months ended June 30, 2012 and 2011, respectively.