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Business Segment Reporting - (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Segment Reporting Information [Line Items]                      
Total interest income $ 49,180 $ 62,975 $ 61,745 $ 61,498 $ 56,151 $ 63,810 $ 71,578 $ 73,131 $ 235,398 [1] $ 264,670 $ 274,687
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income                 0 0 0
Interest Expense (35,777) (34,787) (33,584) (33,128) (33,358) (33,448) (36,961) (38,923) (137,276) [2] (142,690) (153,382)
Net interest income 13,403 28,188 28,161 28,370 22,793 30,362 34,617 34,208 98,122 121,980 121,305
Guaranty Fee Income 6,768 6,819 6,759 6,612 6,568 6,401 6,064 5,930 26,958 24,963 24,821
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 38,813 [3] (21,228) (72,210)
Non-interest Income/(loss) 17,022 9,821 26,483 12,445 8,374 8,464 (27,281) 14,178 65,771 3,735 (47,389)
(Release of/(provision for) loan losses (117) 499 529 (430) (4,354) (137) 1,220 (420) 481 (3,691) (610)
Provision for/(release of) losses                 (929) 1,816 2,957
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (32,178) (32,724) (31,616)
Noninterest Expense (7,621) (8,441) (7,964) (9,081) (6,109) (7,748) (9,209) (7,842) (33,107) [4] (30,908) (28,659)
Income/(loss) before income taxes 22,687 30,067 47,209 31,304 20,704 30,941 (653) 40,124 131,267 91,116 44,647
Income tax (benefit)/expense (3,774) (8,226) (13,036) (8,716) (4,837) (8,294) 2,629 (11,654) (33,752) (22,156) (5,797)
Net income 18,913 21,841 34,173 22,588 15,867 22,647 1,976 28,470 97,515 68,960 38,850
Preferred stock dividends (882) (881) (881) (851) (720) (719) (720) (720) (3,495) (2,879) (2,879)
Less: Net Income attributable to non-controlling Interest - preferred stock dividends (5,546) (5,547) (5,547) (5,547) (5,546) (5,547) (5,547) (5,547) (22,187) (22,187) (22,187)
Net Income (Loss) Available to Common Stockholders, Basic 12,485 15,413 27,745 16,190 9,601 16,381 (4,291) 22,203 71,833 43,894 13,784
Total assets at carrying value 13,361,780       12,622,201       13,361,780 12,622,201 11,883,508
On and Off Balance Sheet Program Assets, At Principal Balance 13,950,312       13,015,188       13,950,312 13,015,188 11,913,302
Farm & Ranch [Member]
                     
Segment Reporting Information [Line Items]                      
Segment interest and dividend income operating                 121,570 [1] 131,714 146,653
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income                 (964) (1,659) (3,269)
Segment interest expense                 (53,978) [2] (65,460) (92,155)
Segment net effective spread                 66,628 64,595 51,229
Segment guarantee fee income                 23,690 22,095 22,525
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 2,244 [3] 2,427 3,201
Segment non interest income                 25,934 24,522 25,726
(Release of/(provision for) loan losses                 481 (3,691) (610)
Provision for/(release of) losses                 (929) 1,816 2,957
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (15,292) (15,066) (15,768)
Noninterest Expense                 (16,221) [4] (13,250) (12,811)
Segment core earnings before income taxes                 76,822 72,176 63,534
Income tax (benefit)/expense                 (26,888) (25,261) (22,237)
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends                 49,934 46,915 41,297
Preferred stock dividends                 0 0 0
Less: Net Income attributable to non-controlling Interest - preferred stock dividends                 0 0 0
Segment core earnings                 49,934 46,915 41,297
Total assets at carrying value 5,821,292       5,190,136       5,821,292 5,190,136 4,840,519
On and Off Balance Sheet Program Assets, At Principal Balance 9,672,730       9,056,489       9,672,730 9,056,489 8,057,027
USDA Guarantees [Member]
                     
Segment Reporting Information [Line Items]                      
Segment interest and dividend income operating                 53,384 [1] 56,815 56,726
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income                 0 0 0
Segment interest expense                 (42,174) [2] (45,560) (45,937)
Segment net effective spread                 11,210 11,255 10,789
Segment guarantee fee income                 132 163 204
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 791 [3] 599 283
Segment non interest income                 923 762 487
(Release of/(provision for) loan losses                 0 0 0
Provision for/(release of) losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (3,161) (3,065) (2,752)
Noninterest Expense                 (3,161) [4] (3,065) (2,752)
Segment core earnings before income taxes                 8,972 8,952 8,524
Income tax (benefit)/expense                 (3,140) (3,134) (2,983)
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends                 5,832 5,818 5,541
Preferred stock dividends                 0 0 0
Less: Net Income attributable to non-controlling Interest - preferred stock dividends                 0 0 0
Segment core earnings                 5,832 5,818 5,541
Total assets at carrying value 1,656,688       1,641,030       1,656,688 1,641,030 1,552,105
On and Off Balance Sheet Program Assets, At Principal Balance 1,687,117       1,615,579       1,687,117 1,615,579 1,513,177
Rural Utilities [Member]
                     
Segment Reporting Information [Line Items]                      
Segment interest and dividend income operating                 58,921 [1] 63,243 53,237
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income                 0 0 0
Segment interest expense                 (47,842) [2] (50,796) (40,950)
Segment net effective spread                 11,079 12,447 12,287
Segment guarantee fee income                 4,100 4,364 5,361
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 0 [3] 466 0
Segment non interest income                 4,100 4,830 5,361
(Release of/(provision for) loan losses                 0 0 0
Provision for/(release of) losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (5,465) (5,809) (4,923)
Noninterest Expense                 (5,465) [4] (5,809) (4,923)
Segment core earnings before income taxes                 9,714 11,468 12,725
Income tax (benefit)/expense                 (3,400) (4,013) (4,454)
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends                 6,314 7,455 8,271
Preferred stock dividends                 0 0 0
Less: Net Income attributable to non-controlling Interest - preferred stock dividends                 0 0 0
Segment core earnings                 6,314 7,455 8,271
Total assets at carrying value 2,566,896       2,398,809       2,566,896 2,398,809 2,421,904
On and Off Balance Sheet Program Assets, At Principal Balance 2,590,465       2,343,120       2,590,465 2,343,120 2,343,098
Corporate [Member]
                     
Segment Reporting Information [Line Items]                      
Segment interest and dividend income operating                 21,940 [1] 24,729 28,117
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income                 0 0 0
Segment interest expense                 (5,606) [2] (6,469) (13,003)
Segment net effective spread                 16,334 18,260 15,114
Segment guarantee fee income                 0 0 0
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 1,622 [3] (2,113) (2,272)
Segment non interest income                 1,622 (2,113) (2,272)
(Release of/(provision for) loan losses                 0 0 0
Provision for/(release of) losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (8,260) (8,784) (8,173)
Noninterest Expense                 (8,260) [4] (8,784) (8,173)
Segment core earnings before income taxes                 9,696 7,363 4,669
Income tax (benefit)/expense                 8,798 7,157 8,195
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends                 18,494 14,520 12,864
Preferred stock dividends                 (3,495) (2,879) (2,879)
Less: Net Income attributable to non-controlling Interest - preferred stock dividends                 (22,187) (22,187) (22,187)
Segment core earnings                 (7,188) (10,546) (12,202)
Total assets at carrying value 3,316,904       3,392,226       3,316,904 3,392,226 3,068,980
On and Off Balance Sheet Program Assets, At Principal Balance 0       0       0 0 0
Reconciling Adjustments [Member]
                     
Segment Reporting Information [Line Items]                      
Segment interest and dividend income operating                 (20,417) [1] (11,831) (10,046)
Interest income related to consolidated trusts owned by third parties reclassified to guarantee fee income                 964 1,659 3,269
Segment interest expense                 12,324 [2] 25,595 38,663
Segment net effective spread                 (7,129) 15,423 31,886
Segment guarantee fee income                 (964) (1,659) (3,269)
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 34,156 [3] (22,607) (73,422)
Segment non interest income                 33,192 (24,266) (76,691)
(Release of/(provision for) loan losses                 0 0 0
Provision for/(release of) losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 0 0 0
Noninterest Expense                 0 [4] 0 0
Segment core earnings before income taxes                 26,063 [5] (8,843) (44,805)
Income tax (benefit)/expense                 (9,122) 3,095 15,682
Segment core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends                 16,941 [5] (5,748) (29,123)
Preferred stock dividends                 0 0 0
Less: Net Income attributable to non-controlling Interest - preferred stock dividends                 0 0 0
Segment core earnings                 16,941 [5] (5,748) (29,123)
Total assets at carrying value 0       0       0 0 0
On and Off Balance Sheet Program Assets, At Principal Balance $ 0       $ 0       $ 0 $ 0 $ 0
[1] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts.
[2] Based on effective funding cost determined for each operating segment, including expenses related to interest rate swaps not designated as hedges, which are included in "Gains/(losses) on financial derivatives and hedging activities" on the consolidated financial statements.
[3] Includes reconciling adjustments for the reclassification of expenses related to interest rate swaps not designated as hedges and fair value adjustments on financial derivatives and trading assets. Also includes a reconciling adjustment related to the recognition of deferred gains over the estimated lives of certain Farmer Mac Guaranteed Securities and USDA Securities.
[4] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.
[5] Net adjustments to reconcile core earnings before income taxes; core earnings before preferred stock dividends and attribution of income to non-controlling interest - preferred stock dividends; and segment core earnings to corresponding income measures: income before income taxes, net income, and net income attributable to common stockholders, respectively.