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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net income $ 22,588,000 $ 28,470,000
Unrealized holding gains on securities (1) 21,812,000 [1] 36,000 [1]
Gains on sale of available-for-sale investment securities (3) (1,000) [2] (18,000) [2]
Comprehensive income 40,978,000 28,223,000
Less: Comprehensive income attributable to noncontrolling interest - preferred stock dividends (5,547,000) (5,547,000)
Comprehensive income attributable to Farmer Mac 35,431,000 22,676,000
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax 11,700,000 0
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax 1,000 10,000
Accumulated Other Comprehensive Income (Loss) [Member]
   
Other comprehensive income/(loss) 18,390,000 (247,000)
financial derivatives and hedging activities [Member]
   
Gains on financial derivatives and hedging activities (2) (3,207,000) [3] 0 [3]
Tax effects of reclassification adjustment for gains included in net income, tax 1,700,000  
Other Income [Member]
   
Other income (4) (214,000) [4] (265,000) [4]
Tax effects of reclassification adjustment for gains included in net income, tax $ 100,000 $ 100,000
[1] Presented net of income tax expense of $11.7 million and $19,000 for the three months ended March 31, 2013 and 2012, respectively.
[2] (3)Represents realized gains on sales of available-for-sale investment securities. Presented net of income tax benefit of $1,000 and $10,000 for the three months ended March 31, 2013 and 2012, respectively.
[3] Presented net of income tax benefit of $1.7 million for the three months ended March 31, 2013.
[4] (4)Represents amortization of deferred gains related to certain available-for-sale USDA Guaranteed Securities and Farmer Mac Guaranteed Securities. Presented net of income tax benefit of $0.1 million for both the three months ended March 31, 2013 and 2012.