Quarterly Financial Information (Unaudited) - (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

QUARTERLY FINANCIAL INFORMATION (Unaudited)

Table 15.1

	2013 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	49,180		$	62,975		$	61,745		$	61,498
Interest expense	35,777			34,787			33,584			33,128
Net interest income	13,403			28,188			28,161			28,370
(Provision for)/release of loan losses	(117		)	499			529			(430		)
Net interest income after (provision for)/release of loan losses	13,286			28,687			28,690			27,940
Non-interest income:
Guarantee and commitment fees	6,768			6,819			6,759			6,612
Gains on financial derivatives and hedging activities	9,263			3,024			14,983			4,494
(Losses)/gains on trading assets	(76		)	(626		)	(327		)	210
(Losses)/gains on sale of available-for-sale investment securities	(960		)	—			3,071			2
Gains on repurchase of debt	1,462			—			—			—
Gains on sale of real estate owned	26			39			1,124			47
Other income	539			565			873			1,080
Non-interest income	17,022			9,821			26,483			12,445
Non-interest expense	7,621			8,441			7,964			9,081
Income before income taxes	22,687			30,067			47,209			31,304
Income tax expense	3,774			8,226			13,036			8,716
Net income	18,913			21,841			34,173			22,588
Less: Net income attributable to non-controlling interest - preferred stock dividends	(5,546		)	(5,547		)	(5,547		)	(5,547		)
Net income attributable to Farmer Mac	13,367			16,294			28,626			17,041
Preferred stock dividends	(882		)	(881		)	(881		)	(851		)
Net income attributable to common stockholders	$	12,485		$	15,413		$	27,745		$	16,190
Earnings/(loss) per common share:
Basic earnings per common share	$	1.14		$	1.42		$	2.57		$	1.51
Diluted earnings per common share	$	1.11		$	1.37		$	2.48		$	1.45

	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