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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Statement of Other Comprehensive Income [Abstract]        
Net income/(loss) $ 22,647 $ (16,766) $ 53,093 $ 19,261
Other comprehensive income, net of tax:        
Unrealized holding gains on securities 5,507 [1] 49,661 [1] 16,370 [1] 70,573 [1]
Reclassification adjustments for gains included in net income, net of tax (3,415) [2] (383) [2] (3,935) [2] (3,133) [2]
Other comprehensive income 2,092 49,278 12,435 67,440
Comprehensive income 24,739 32,512 65,528 86,701
Less: Comprehensive income attributable to noncontrolling interest - preferred stock dividends (5,547) (5,547) (16,641) (16,641)
Comprehensive income attributable to Farmer Mac $ 19,192 $ 26,965 $ 48,887 $ 70,060
[1] Presented net of income tax expense of $3.0 million and $26.7 million for the three months ended September 30, 2012 and 2011, respectively, and income tax expense of $8.8 million and $38.0 million for the nine months ended September 30, 2012 and 2011, respectively.
[2] Presented net of income tax benefit of $1.8 million and $0.2 million for the three months ended September 30, 2012 and 2011, respectively, and income tax benefit of $2.1 million and $1.7 million for the nine months ended September 30, 2012 and 2011, respectively.