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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net income $ 68,960,000 $ 38,850,000 $ 52,700,000
Unrealized holding gains on securities (1) 2,165,000 [1] 64,637,000 [1] 15,182,000
Less: Reclassification adjustments for gains included in net income, net of tax (2) (7,566,000) [2] (3,542,000) [2] (207,000) [2]
Other comprehensive income, available-for-sale securities, net of tax (5,401,000) 61,095,000 14,975,000
Reclassification for amortization of financial derivatives transition adjustment (3) 0 [3] 0 [3] 46,000 [3]
Other comprehensive (loss)/income (5,401,000) 61,095,000 15,021,000
Comprehensive income 63,559,000 99,945,000 67,721,000
Less: Comprehensive income attributable to noncontrolling interest - preferred stock dividends 22,187,000 22,187,000 20,707,000
Comprehensive income attributable to Farmer Mac 41,372,000 77,758,000 47,014,000
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax 1,200,000 34,800,000 8,200,000
Tax effects of reclassification adjustment for gains included in net income, tax 4,100,000 1,900,000 100,000
Tax effects of reclassification of amortization of transition adjustment on financial derivatives     $ 24,000
[1] Presented net of income tax expense of $1.2 million, $34.8 million, and $8.2 million for the years ended December 31, 2012, 2011, and 2010, respectively.
[2] Presented net of income tax benefit of $4.1 million, $1.9 million, and $0.1 million for the years ended December 31, 2012, 2011, and 2010, respectively.
[3] Presented net of income tax expense of $24,000 for the year ended December 31, 2010.