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Business Segment Reporting - Core Earnings - Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating $ 66,392 [1] $ 64,475 [2] $ 130,343 [3] $ 116,927 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (34,528) [5] (42,502) [6] (67,690) [7] (77,228) [8]  
Net effective spread 31,864 21,973 62,653 39,699  
Guarantee and commitment fees 3,388 3,703 6,765 7,487  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 14,819 [9] 2,561 [10] 11,917 [11] (4,258) [12]  
Non-interest income/(loss) 18,207 6,264 18,682 3,229  
(Provision for)/release of allowance for loan losses (110) 1,583 (186) 1,010  
(Release of)/provision for reserve for losses (1,146) 974 (374) 873  
Noninterest Expense, Excluding Loan, Lease and Other Losses (9,707) (8,830) (18,822) (16,676)  
Noninterest Expense (10,853) [13] (7,856) [14] (19,196) [15] (15,803) [16]  
Income before income taxes 39,108 21,964 61,953 28,135  
Income tax expense (13,769) 6,368 (18,000) 7,509  
Net income 25,339 28,332 43,953 35,644  
Preferred Stock Dividends, Income Statement Impact (3,296) (2,308) (6,591) (3,260)  
Less: Net loss/(income) attributable to non-controlling interest 119 (5,819) (5,235) (11,366)  
Loss on retirement of preferred stock 0 0 (8,147) 0  
Net income attributable to common stockholders 22,162 20,205 23,980 21,018  
Segment Reporting Information, Additional Information [Abstract]          
Assets 15,144,597 14,670,102 15,144,597 14,670,102 $ 14,287,821
On and Off Balance Sheet Program Assets, At Principal Balance 15,130,127 14,072,542 15,130,127 14,072,542  
Farm & Ranch [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 22,159 [1] 19,598 [2] 44,127 [3] 37,936 [4]  
Interest Income Reclassification (697) (513) (1,332) (1,044)  
Total interest expense (11,781) [5] (11,265) [6] (23,000) [7] (21,958) [8]  
Net effective spread 9,681 7,820 19,795 14,934  
Guarantee and commitment fees 3,693 3,807 7,326 7,716  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 160 [9] 242 [10] 247 [11] 373 [12]  
Non-interest income/(loss) 3,853 4,049 7,573 8,089  
(Provision for)/release of allowance for loan losses (110) 1,583 (186) 1,010  
(Release of)/provision for reserve for losses (1,146) 974 (374) 873  
Noninterest Expense, Excluding Loan, Lease and Other Losses (4,304) (3,914) (8,630) (7,466)  
Noninterest Expense (5,450) [13] (2,940) [14] (9,004) [15] (6,593) [16]  
Segment core earnings before income taxes 7,974 10,512 18,178 17,440  
Income tax expense (2,791) (3,679) (6,362) (6,103)  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 5,183 6,833 11,816 11,337  
Preferred Stock Dividends, Income Statement Impact 0 0 0 0  
Less: Net loss/(income) attributable to non-controlling interest 0 0 0 0  
Loss on retirement of preferred stock     0    
Segment core earnings 5,183 6,833 11,816 11,337  
Segment Reporting Information, Additional Information [Abstract]          
Assets 2,780,018 2,387,899 2,780,018 2,387,899  
On and Off Balance Sheet Program Assets, At Principal Balance 5,485,570 5,310,664 5,485,570 5,310,664  
USDA Guarantees [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 14,779 [1] 13,307 [2] 29,127 [3] 26,266 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (10,313) [5] (9,148) [6] (20,436) [7] (18,323) [8]  
Net effective spread 4,466 4,159 8,691 7,943  
Guarantee and commitment fees 8 23 2 49  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 28 [9] 9 [10] 87 [11] 36 [12]  
Non-interest income/(loss) 36 32 89 85  
(Provision for)/release of allowance for loan losses 0 0 0 0  
(Release of)/provision for reserve for losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses (1,025) (764) (1,410) (1,495)  
Noninterest Expense (1,025) [13] (764) [14] (1,410) [15] (1,495) [16]  
Segment core earnings before income taxes 3,477 3,427 7,370 6,533  
Income tax expense (1,216) (1,200) (2,579) (2,288)  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 2,261 2,227 4,791 4,245  
Preferred Stock Dividends, Income Statement Impact 0 0 0 0  
Less: Net loss/(income) attributable to non-controlling interest 0 0 0 0  
Loss on retirement of preferred stock     0    
Segment core earnings 2,261 2,227 4,791 4,245  
Segment Reporting Information, Additional Information [Abstract]          
Assets 1,913,390 1,721,003 1,913,390 1,721,003  
On and Off Balance Sheet Program Assets, At Principal Balance 1,862,430 1,710,335 1,862,430 1,710,335  
Rural Utilities [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 6,521 [1] 6,782 [2] 13,106 [3] 14,525 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (3,683) [5] (3,829) [6] (7,464) [7] (9,582) [8]  
Net effective spread 2,838 2,953 5,642 4,943  
Guarantee and commitment fees 0 0 0 0  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 0 [9] 0 [10] 0 [11] 0 [12]  
Non-interest income/(loss) 0 0 0 0  
(Provision for)/release of allowance for loan losses 0 0 0 0  
(Release of)/provision for reserve for losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses (860) (830) (1,726) (1,607)  
Noninterest Expense (860) [13] (830) [14] (1,726) [15] (1,607) [16]  
Segment core earnings before income taxes 1,978 2,123 3,916 3,336  
Income tax expense (691) (743) (1,369) (1,168)  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 1,287 1,380 2,547 2,168  
Preferred Stock Dividends, Income Statement Impact 0 0 0 0  
Less: Net loss/(income) attributable to non-controlling interest 0 0 0 0  
Loss on retirement of preferred stock     0    
Segment core earnings 1,287 1,380 2,547 2,168  
Segment Reporting Information, Additional Information [Abstract]          
Assets 962,702 1,022,421 962,702 1,022,421  
On and Off Balance Sheet Program Assets, At Principal Balance 954,188 1,012,313 954,188 1,012,313  
Institutional Credit [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 20,036 [1] 20,073 [2] 39,335 [3] 40,455 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (9,176) [5] (10,116) [6] (18,050) [7] (21,092) [8]  
Net effective spread 10,860 9,957 21,285 19,363  
Guarantee and commitment fees 384 386 769 766  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 0 [9] 0 [10] 0 [11] 0 [12]  
Non-interest income/(loss) 384 386 769 766  
(Provision for)/release of allowance for loan losses 0 0 0 0  
(Release of)/provision for reserve for losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses (532) (492) (1,067) (937)  
Noninterest Expense (532) [13] (492) [14] (1,067) [15] (937) [16]  
Segment core earnings before income taxes 10,712 9,851 20,987 19,192  
Income tax expense (3,749) (3,447) (7,345) (6,717)  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 6,963 6,404 13,642 12,475  
Preferred Stock Dividends, Income Statement Impact 0 0 0 0  
Less: Net loss/(income) attributable to non-controlling interest 0 0 0 0  
Loss on retirement of preferred stock     0    
Segment core earnings 6,963 6,404 13,642 12,475  
Segment Reporting Information, Additional Information [Abstract]          
Assets 5,874,088 5,115,147 5,874,088 5,115,147  
On and Off Balance Sheet Program Assets, At Principal Balance 6,827,939 6,039,230 6,827,939 6,039,230  
Corporate [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 3,094 [1] 5,185 [2] 5,959 [3] 10,420 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (1,152) [5] (1,025) [6] (2,328) [7] (2,118) [8]  
Net effective spread 1,942 4,160 3,631 8,302  
Guarantee and commitment fees 0 0 0 0  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees (212) [9] (603) [10] (764) [11] (1,174) [12]  
Non-interest income/(loss) (212) (603) (764) (1,174)  
(Provision for)/release of allowance for loan losses 0 0 0 0  
(Release of)/provision for reserve for losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses (2,986) (2,830) (5,989) (5,171)  
Noninterest Expense (2,986) [13] (2,830) [14] (5,989) [15] (5,171) [16]  
Segment core earnings before income taxes (1,256) 727 (3,122) 1,957  
Income tax expense 356 13,803 2,872 16,676  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends (900) 14,530 (250) 18,633  
Preferred Stock Dividends, Income Statement Impact (3,296) (2,308) (6,591) (3,260)  
Less: Net loss/(income) attributable to non-controlling interest 119 (5,819) (5,235) (11,366)  
Loss on retirement of preferred stock     0    
Segment core earnings (4,077) 6,403 (12,076) 4,007  
Segment Reporting Information, Additional Information [Abstract]          
Assets 3,614,399 4,423,632 3,614,399 4,423,632  
Segment Reconciling Items [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating (197) [1] (470) [2] (1,311) [3] (12,675) [4]  
Interest Income Reclassification 697 513 1,332 1,044  
Total interest expense 1,577 [5] (7,119) [6] 3,588 [7] (4,155) [8]  
Net effective spread 2,077 (7,076) 3,609 (15,786)  
Guarantee and commitment fees (697) (513) (1,332) (1,044)  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 14,843 [9] 2,913 [10] 12,347 [11] (3,493) [12]  
Non-interest income/(loss) 14,146 2,400 11,015 (4,537)  
(Provision for)/release of allowance for loan losses 0 0 0 0  
(Release of)/provision for reserve for losses 0 0 0 0  
Noninterest Expense, Excluding Loan, Lease and Other Losses 0 0 0 0  
Noninterest Expense 0 [13] 0 [14] 0 [15] 0 [16]  
Segment core earnings before income taxes 16,223 [17] (4,676) [18] 14,624 [19] (20,323) [20]  
Income tax expense (5,678) 1,634 (3,217) 7,109  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 10,545 [17] (3,042) [18] 11,407 [19] (13,214) [20]  
Preferred Stock Dividends, Income Statement Impact 0 0 0 0  
Less: Net loss/(income) attributable to non-controlling interest 0 0 0 0  
Loss on retirement of preferred stock     (8,147)    
Segment core earnings 10,545 [17] (3,042) [18] 3,260 [19] (13,214) [20]  
Segment Reporting Information, Additional Information [Abstract]          
Assets 0 0 0 0  
On and Off Balance Sheet Program Assets, At Principal Balance $ 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] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts and interest income related to securities purchased under agreements to resell.
[3] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts.
[4] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts and interest income related to securities purchased under agreements to resell.
[5] 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.
[6] 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. Includes reconciling adjustments for interest expense related to securities sold, not yet purchased.
[7] 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.
[8] 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. Includes reconciling adjustments for interest expense related to securities sold, not yet purchased.
[9] 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.
[10] Includes interest income and interest expense related to securities purchased under agreements to resell and securities sold, not yet purchased, respectively; 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; and a reconciling adjustment related to the recognition of deferred gains over the estimated lives of certain Farmer Mac Guaranteed Securities and USDA Securities.
[11] 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.
[12] Includes interest income and interest expense related to securities purchased under agreements to resell and securities sold, not yet purchased, respectively; 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; and a reconciling adjustment related to the recognition of deferred gains over the estimated lives of certain Farmer Mac Guaranteed Securities and USDA Securities.
[13] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount
[14] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.
[15] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.
[16] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.
[17] Net adjustments to reconcile core earnings before income taxes; core earnings before preferred stock dividends and attribution of income to non-controlling interest; and segment core earnings to corresponding income measures: income before income taxes, net income, and net income attributable to common stockholders, respectively
[18] Net adjustments to reconcile core earnings before income taxes; core earnings before preferred stock dividends and attribution of income to non-controlling interest; and segment core earnings to corresponding income measures: income before income taxes, net income, and net income attributable to common stockholders, respectively.
[19] Net adjustments to reconcile core earnings before income taxes; core earnings before preferred stock dividends and attribution of income to non-controlling interest; and segment core earnings to corresponding income measures: income before income taxes, net income, and net income attributable to common stockholders, respectively.
[20] Net adjustments to reconcile core earnings before income taxes; core earnings before preferred stock dividends and attribution of income to non-controlling interest; and segment core earnings to corresponding income measures: income before income taxes, net income, and net income attributable to common stockholders, respectively.