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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 627,670 $ 749,313
Securities purchased under agreements to resell 1,630,427 0
Loans:    
Loans held for investment, at amortized cost 2,689,531 2,570,125
Loans held for investment in consolidated trusts, at amortized cost 670,140 629,989
Allowance for loan losses (6,326) (6,866)
Total loans, net of allowance 3,353,345 3,193,248
Real estate owned, at lower of cost or fair value 1,182 2,617
Financial derivatives, at fair value 5,743 19,718
Interest receivable (includes $4,256 and $9,276, respectively, related to consolidated trusts) 65,522 107,201
Guarantee and commitment fees receivable 42,078 43,904
Deferred tax asset, net 39,781 44,045
Prepaid expenses and other assets 33,938 14,046
Total Assets 14,525,697 13,361,780
Notes payable:    
Due within one year 6,332,887 7,338,781
Due after one year 5,186,393 5,001,169
Total notes payable 11,519,280 12,339,950
Securities sold, not yet purchased 1,657,901 0
Debt securities of consolidated trusts held by third parties 400,012 261,760
Financial derivatives, at fair value 69,995 75,708
Accrued interest payable (includes $2,731 and $2,823, respectively, related to consolidated trusts) 34,853 53,772
Guarantee and commitment obligation 38,957 39,667
Accounts payable and accrued expenses 18,019 9,986
Reserve for losses 4,280 6,468
Total Liabilities 13,743,297 12,787,311
Commitments and Contingencies (Note 6)      
Common stock:    
Additional paid-in capital 112,861 110,722
Accumulated other comprehensive income/(loss), net of tax 21,080 (16,202)
Retained earnings 196,897 168,877
Total Stockholders' Equity 546,547 332,616
Non-controlling interest - preferred stock 235,853 241,853
Total Equity 782,400 574,469
Total Liabilities and Equity 14,525,697 13,361,780
Series A Preferred Stock [Member]
   
Preferred stock:    
Preferred stock 58,333 58,333
Series B Preferred Stock [Member]
   
Preferred stock:    
Preferred stock 73,061 0
Series C Preferred Stock [Member]
   
Preferred stock:    
Preferred stock 73,379 0
Common Class A, Voting [Member]
   
Common stock:    
Common Stock 1,031 1,031
Common Class B, Voting [Member]
   
Common stock:    
Common Stock 500 500
Common Class C, Non-Voting [Member]
   
Common stock:    
Common Stock 9,405 9,355
Investment Securities [Member]
   
Assets:    
Available-for-sale, at fair value 1,984,983 2,483,147
Trading, at fair value 777 928
Marketable Securities 1,985,760 2,484,075
Farmer Mac Guaranteed Securities:
   
Assets:    
Available-for-sale, at fair value 3,356,775 5,091,600
Held-to-maturity, at amortized cost 1,652,631 0
Marketable Securities 5,009,406 5,091,600
USDA Securities [Member]
   
Assets:    
Available-for-sale, at fair value 1,687,881 1,553,669
Trading, at fair value 42,964 58,344
Marketable Securities $ 1,730,845 $ 1,612,013