CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014		Mar. 31, 2013
Interest income:
Loans	$ 14,369		$ 24,043
Total interest income	49,718	[1]	61,498
Total interest expense	34,726	[2]	33,128
Net interest income	14,992		28,370
Provision for loan losses	(573)		(430)
Net interest income after provision for loan losses	14,419		27,940
Non-interest income (loss):
Guarantee and commitment fees	6,518		6,612
(Losses)/gains on financial derivatives and hedging activities	(7,578)		4,494
Gains on trading assets	655		210
Gains on sale of available-for-sale investment securities	15		2
(Losses)/gains on sale of real estate owned	(3)		47
Other income	92		1,080
Non-interest (loss)/income	(301)		12,445
Non-interest expense:
Compensation and employee benefits	4,456		4,698
General and administrative	2,794		2,917
Regulatory fees	594		594
Real estate owned operating costs, net	2		126
Provision for losses	101		746
Non-interest expense	7,947	[3]	9,081
Income before income taxes	6,171		31,304
Income tax (benefit)/expense	(1,141)		8,716
Net income	7,312		22,588
Less: Net Income attributable to non-controlling Interest - preferred stock dividends	(5,547)		(5,547)
Net income attributable to Farmer Mac	1,765		17,041
Preferred stock dividends	(952)		(851)
Net income attributable to common stockholders	813		16,190
Earnings per common share and dividends:
Basic earnings per common share	$ 0.07		$ 1.51
Diluted earnings per common share	$ 0.07		$ 1.45
Common Stock dividends per common share	$ 0.14		$ 0.12000
Investments and Cash Equivalents [Member]
Interest income:
Interest and dividend income, securities	5,237		5,734
Farmer Mac Guaranteed Securities and USDA Securities [Member]
Interest income:
Interest and dividend income, securities	$ 30,112		$ 31,721

[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 "(Losses)/gains on financial derivatives and hedging activities" on the consolidated financial statements.

[3] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.