XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF EQUITY (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Dec. 31, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period $ 582,500us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 678,975us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $ 781,829us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest  
Net income attributable to Farmer Mac 13,260us-gaap_NetIncomeLoss 1,765us-gaap_NetIncomeLoss    
Balance, end of period 582,500us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 678,975us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 781,829us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest  
Other comprehensive income, net of tax 35,651us-gaap_OtherComprehensiveIncomeLossNetOfTax 31,156us-gaap_OtherComprehensiveIncomeLossNetOfTax    
Cash dividends:        
Loss on retirement of preferred stock (8,147)us-gaap_PreferredStockRedemptionPremium 0us-gaap_PreferredStockRedemptionPremium    
Preferred Stock [Member]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period (Shares) 8,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
5,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
8,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
2,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
Balance, beginning of period 204,759us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
131,639us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
204,759us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
58,333us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
Balance, end of period 204,759us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
131,639us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
204,759us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
58,333us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
Balance, end of period (Shares) 8,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
5,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
8,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
2,400us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
Preferred Stock [Member] | Series B Preferred Stock [Member]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuance of Series preferred stock (Shares) 0us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
3,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
   
Issuance of Series preferred stock 0us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
73,306us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
   
Issuance of Class C common stock (Shares) 0us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
3,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
   
Issuance of Class C common stock 0us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
73,306us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_PreferredStockMember
   
Common Stock [Member]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period (Shares) 10,937us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,937us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Balance, beginning of period 10,937us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,937us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Balance, end of period 10,937us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,937us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Balance, end of period (Shares) 10,937us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,937us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
10,886us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
Additional Paid-in Capital [Member]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period 114,364us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
111,477us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
113,559us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
110,722us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
Issuance of Series preferred stock 4us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
6us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
   
Issuance of Class C common stock 4us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
6us-gaap_StockIssuedDuringPeriodValueNewIssues
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
   
Stock-based compensation expense 839us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
713us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
   
Tax effect of stock-based awards (38)us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
36us-gaap_AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
   
Balance, end of period 114,364us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
111,477us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
113,559us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
110,722us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AdditionalPaidInCapitalMember
Retained Earnings [Member}        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period 201,081us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
168,166us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
201,013us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
168,877us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
Net income attributable to Farmer Mac 13,260us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
1,765us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Balance, end of period 201,081us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
168,166us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
201,013us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
168,877us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
Cash dividends:        
Common stock ($0.16 per share in 2015, $0.14 per share in 2014) (1,750)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(1,524)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Retained Earnings [Member} | Series A Preferred Stock [Member]        
Cash dividends:        
Preferred Stock Series A ($0.3672 per share in 2015 and 2014) Preferred stock, Series B ($0.4297 per share in 2015 and $0.105 per share in 2014), Preferred stock Series C ($0.3750 per share) (881)us-gaap_DividendsPreferredStockCash
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(881)us-gaap_DividendsPreferredStockCash
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesAPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Retained Earnings [Member} | Series B Preferred Stock [Member]        
Cash dividends:        
Preferred Stock Series A ($0.3672 per share in 2015 and 2014) Preferred stock, Series B ($0.4297 per share in 2015 and $0.105 per share in 2014), Preferred stock Series C ($0.3750 per share) (1,289)us-gaap_DividendsPreferredStockCash
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(71)us-gaap_DividendsPreferredStockCash
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Retained Earnings [Member} | Series C Preferred Stock [Member]        
Cash dividends:        
Preferred Stock Series A ($0.3672 per share in 2015 and 2014) Preferred stock, Series B ($0.4297 per share in 2015 and $0.105 per share in 2014), Preferred stock Series C ($0.3750 per share) (1,125)us-gaap_DividendsPreferredStockCash
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
0us-gaap_DividendsPreferredStockCash
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesCPreferredStockMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
   
Accumulated Other Comprehensive Income [Member]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period 51,184us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
14,954us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
15,533us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(16,202)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Balance, end of period 51,184us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
14,954us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
15,533us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
(16,202)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Other comprehensive income, net of tax 35,651us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
31,156us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
   
Total Stockholders Equity [Member]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period 582,325us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
437,122us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Balance, end of period 582,325us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
437,122us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_ParentMember
   
Non-controlling Interest - Preferred Stock [Member]        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance, beginning of period 175us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
241,853us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
236,028us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
241,853us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Balance, end of period 175us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
241,853us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
236,028us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
241,853us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
Redemption of preferred stock, Farmer Mac II LLC $ (235,853)us-gaap_MinorityInterestDecreaseFromRedemptions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember
$ 0us-gaap_MinorityInterestDecreaseFromRedemptions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_NoncontrollingInterestMember