Quarterly Financial Information

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

QUARTERLY FINANCIAL INFORMATION (Unaudited)

	2012 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	56,151		$	63,810		$	71,578		$	73,131
Interest expense	33,358			33,448			36,961			38,923
Net interest income	22,793			30,362			34,617			34,208
(Provision for)/release of loan losses	(4,354		)	(137		)	1,220			(420		)
Net interest income after (provision for)/release of loan losses	18,439			30,225			35,837			33,788
Non-interest income/(loss):
Guarantee and commitment fees	6,568			6,401			6,064			5,930
Gains/(losses) on financial derivatives and hedging activities	3,505			1,558			(31,292		)	6,400
Gains/(losses) on trading assets	2,735			(441		)	(3,086		)	1,099
(Losses)/gains on sale of available-for-sale investment securities	(10		)	—			—			28
Gains/(losses) on sale of real estate owned	629			(13		)	262			—
Lower of cost or fair value adjustment on loans held for sale	(5,943		)	—			—			—
Other income	890			959			771			721
Non-interest income/(loss)	8,374			8,464			(27,281		)	14,178
Non-interest expense	6,109			7,748			9,209			7,842
Income/(loss) before income taxes	20,704			30,941			(653		)	40,124
Income tax expense/(benefit)	4,837			8,294			(2,629		)	11,654
Net income	15,867			22,647			1,976			28,470
Less: Net income attributable to non-controlling interest - preferred stock dividends	(5,546		)	(5,547		)	(5,547		)	(5,547		)
Net income/(loss) attributable to Farmer Mac	10,321			17,100			(3,571		)	22,923
Preferred stock dividends	(720		)	(719		)	(720		)	(720		)
Net income/(loss) attributable to common stockholders	$	9,601		$	16,381		$	(4,291	)	$	22,203
Earnings/(loss) per common share:
Basic earnings/(loss) per common share	$	0.91		$	1.56		$	(0.41	)	$	2.14
Diluted earnings/(loss) per common share	$	0.87		$	1.49		$	(0.41	)	$	2.04
Common stock dividends per common share	$	0.10		$	0.10		$	0.10		$	0.10

	2011 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	72,642		$	71,121		$	66,852		$	64,072
Interest expense	39,277			39,412			37,640			37,053
Net interest income	33,365			31,709			29,212			27,019
Release of/(provision for) loan losses	482			349			(160		)	(1,281		)
Net interest income after release of/(provision for) loan losses	33,847			32,058			29,052			25,738
Non-interest income/(loss):
Guarantee and commitment fees	5,966			6,148			6,320			6,387
(Losses)/gains on financial derivatives	(10,277		)	(68,567		)	(17,806		)	4,005
Gains/(losses) on trading assets	3,809			(3,633		)	1,968			1,311
Gains on sale of available-for-sale investment securities	—			74			38			157
Gains/(losses) on sale of real estate owned	254			(4		)	627			97
Lower of cost or fair value adjustment on loans held for sale	—			9,851			(156		)	(808		)
Other income	1,102			726			1,124			3,898
Non-interest income/(loss)	854			(55,405		)	(7,885		)	15,047
Non-interest expense	7,240			7,550			7,191			6,678
Income/(loss) before income taxes	27,461			(30,897		)	13,976			34,107
Income tax expense/(benefit)	7,872			(14,131		)	2,539			9,517
Net income/(loss)	19,589			(16,766		)	11,437			24,590
Less: Net income attributable to non-controlling interest - preferred stock dividends	(5,546		)	(5,547		)	(5,547		)	(5,547		)
Net income/(loss) attributable to Farmer Mac	14,043			(22,313		)	5,890			19,043
Preferred stock dividends	(720		)	(719		)	(720		)	(720		)
Net income/(loss) attributable to common stockholders	$	13,323		$	(23,032	)	$	5,170		$	18,323
Earnings/(loss) per common share:
Basic earnings/(loss) per common share	$	1.29		$	(2.22	)	$	0.50		$	1.78
Diluted earnings/(loss) per common share	$	1.23		$	(2.22	)	$	0.48		$	1.72
Common stock dividends per common share	$	0.05		$	0.05		$	0.05		$	0.05