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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Assets:    
Cash and cash equivalents $ 785,564,000 $ 817,046,000
Loans:    
Loans held for sale, at lower of cost or fair value 673,991,000 541,447,000
Loans Held for Investment, at Amortized Cost 1,503,559,000 1,241,311,000
Loans held for investment in consolidated trust, at amortized cost 563,575,000 1,121,559,000
Allowance for loan losses (11,351,000) (10,161,000)
Total loans, net of allowance 2,729,774,000 2,894,156,000
Real estate owned, at lower of cost or fair value 3,985,000 3,136,000
Financial derivatives, at fair value 31,173,000 40,250,000
Interest receivable 103,414,000 110,339,000
Guarantee and commitment fees receivable 41,789,000 31,384,000
Deferred Tax Assets, Net 3,123,000 0
Prepaid expenses and other assets 66,709,000 21,530,000
Total Assets 12,622,201,000 11,883,508,000
Notes payable:    
Due within one year 6,567,366,000 6,087,879,000
Due after one year 5,034,739,000 4,104,882,000
Total notes payable 11,602,105,000 10,192,761,000
Debt securities of consolidated trusts held by third parties 167,621,000 701,583,000
Financial derivatives, at fair value 150,682,000 160,024,000
Accrued interest payable 51,779,000 60,854,000
Guarantee and commitment obligation 37,803,000 27,440,000
Accounts payable and accrued expenses 13,710,000 178,708,000
Deferred Tax Liabilities, Net 0 250,000
Reserve for losses 5,539,000 7,355,000
Total Liabilities 12,029,239,000 11,328,975,000
Commitments and Contingencies (Note 12)      
Preferred stock:    
Series C, par value $1,000 per share, 100,000 shares authorized, 57,578 shares issued and outstanding 57,578,000 57,578,000
Common stock:    
Additional paid-in capital 106,617,000 102,821,000
Accumulated other comprehensive income, net of tax, related to available-for-sale securities 73,969,000 79,370,000
Retained earnings 102,243,000 62,554,000
Total Stockholders' Equity 351,109,000 312,680,000
Non-controlling interest - preferred stock 241,853,000 241,853,000
Total Equity 592,962,000 554,533,000
Total Liabilities and Equity 12,622,201,000 11,883,508,000
Investment Securities [Member]
   
Assets:    
Available-for-sale, at fair value 2,498,382,000 2,182,694,000
Trading, at fair value 1,247,000 1,796,000
Total securities 2,499,629,000 2,184,490,000
Farmer Mac Guaranteed Securities [Member]
   
Assets:    
Available-for-sale, at fair value 4,766,258,000 4,289,272,000
USDA Guaranteed Securities [Member]
   
Assets:    
Available-for-sale, at fair value 1,486,595,000 1,279,546,000
Trading, at fair value 104,188,000 212,359,000
Total securities 1,590,783,000 1,491,905,000
Common Stock, Class A Voting
   
Common stock:    
Common stock 1,031,000 1,031,000
Common stock, Class B Voting
   
Common stock:    
Common stock 500,000 500,000
Common stock, Class C Non-Voting
   
Common stock:    
Common stock $ 9,171,000 $ 8,826,000