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Business Segment Reporting - Core Earnings - Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating $ 66,918 [1] $ 63,410 [2] $ 197,261 [3] $ 180,337 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (34,735) [5] (48,886) [6] (102,425) [7] (126,114) [8]  
Net effective spread 32,183 14,524 94,836 54,223  
Guarantee and commitment fees 3,532 3,644 10,297 11,131  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees (8,513) [9] 17,283 [10] 3,404 [11] 13,025 [12]  
Non-interest (loss)/income (4,981) 20,927 13,701 24,156  
Release of/(provision for) allowance for loan losses 1,164 (511) 978 499  
(Release of)/provision for reserve for losses (861) 1,315 (1,235) 2,188  
Noninterest Expense, Excluding Loan, Lease and Other Losses (9,560) (8,410) (28,382) (25,086)  
Non-interest expense (10,421) [13] (7,095) [14] (29,617) [15] (22,898) [16]  
Income before income taxes 17,945 27,845 79,898 55,980  
Income tax expense 6,327 7,564 24,327 55  
Net income 11,618 20,281 55,571 55,925  
Preferred Stock Dividends, Income Statement Impact (3,295) (3,283) (9,886) (6,543)  
Less: Net loss/(income) attributable to non-controlling interest 36 (5,412) (5,199) (16,778)  
Loss on retirement of preferred stock 0 0 (8,147) 0  
Net income attributable to common stockholders 8,359 11,586 32,339 32,604  
Segment Reporting Information, Additional Information [Abstract]          
Assets 14,853,845 14,525,697 14,853,845 14,525,697 $ 14,287,821
On and Off Balance Sheet Program Assets, At Principal Balance 15,627,979 14,004,822 15,627,979 14,004,822  
Farm & Ranch [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 22,805 [1] 20,052 [2] 66,932 [3] 57,988 [4]  
Interest Income Reclassification (796) (508) (2,128) (1,552)  
Total interest expense (12,381) [5] (11,337) [6] (35,381) [7] (33,295) [8]  
Net effective spread 9,628 8,207 29,423 23,141  
Guarantee and commitment fees 3,785 3,716 11,111 11,432  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 513 [9] 369 [10] 760 [11] 742 [12]  
Non-interest (loss)/income 4,298 4,085 11,871 12,174  
Release of/(provision for) allowance for loan losses 1,164 (511) 978 499  
(Release of)/provision for reserve for losses (861) 1,315 (1,235) 2,188  
Noninterest Expense, Excluding Loan, Lease and Other Losses (4,228) (3,797) (12,858) (11,263)  
Non-interest expense (5,089) [13] (2,482) [14] (14,093) [15] (9,075) [16]  
Segment core earnings before income taxes 10,001 9,299 28,179 26,739  
Income tax expense 3,500 3,255 9,862 9,358  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 6,501 6,044 18,317 17,381  
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 6,501 6,044 18,317 17,381  
Segment Reporting Information, Additional Information [Abstract]          
Assets 2,856,097 2,428,603 2,856,097 2,428,603  
On and Off Balance Sheet Program Assets, At Principal Balance 5,504,030 5,314,437 5,504,030 5,314,437  
USDA Guarantees [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 15,329 [1] 14,183 [2] 44,456 [3] 40,449 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (10,699) [5] (9,110) [6] (31,135) [7] (27,433) [8]  
Net effective spread 4,630 5,073 13,321 13,016  
Guarantee and commitment fees 7 49 9 98  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 13 [9] 13 [10] 100 [11] 49 [12]  
Non-interest (loss)/income 20 62 109 147  
Release of/(provision for) 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 (986) (747) (2,396) (2,242)  
Non-interest expense (986) [13] (747) [14] (2,396) [15] (2,242) [16]  
Segment core earnings before income taxes 3,664 4,388 11,034 10,921  
Income tax expense 1,282 1,535 3,861 3,823  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 2,382 2,853 7,173 7,098  
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 2,382 2,853 7,173 7,098  
Segment Reporting Information, Additional Information [Abstract]          
Assets 1,941,166 1,772,333 1,941,166 1,772,333  
On and Off Balance Sheet Program Assets, At Principal Balance 1,898,625 1,759,948 1,898,625 1,759,948  
Rural Utilities [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 6,909 [1] 6,703 [2] 20,015 [3] 21,228 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (4,002) [5] (3,813) [6] (11,466) [7] (13,395) [8]  
Net effective spread 2,907 2,890 8,549 7,833  
Guarantee and commitment fees 100 0 100 0  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 0 [9] 9 [10] 0 [11] 9 [12]  
Non-interest (loss)/income 100 9 100 9  
Release of/(provision for) 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 (838) (762) (2,564) (2,369)  
Non-interest expense (838) [13] (762) [14] (2,564) [15] (2,369) [16]  
Segment core earnings before income taxes 2,169 2,137 6,085 5,473  
Income tax expense 760 749 2,129 1,917  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 1,409 1,388 3,956 3,556  
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 1,409 1,388 3,956 3,556  
Segment Reporting Information, Additional Information [Abstract]          
Assets 987,115 981,300 987,115 981,300  
On and Off Balance Sheet Program Assets, At Principal Balance 1,500,307 978,637 1,500,307 978,637  
Institutional Credit [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 19,341 [1] 18,751 [2] 58,676 [3] 59,206 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (8,070) [5] (8,928) [6] (26,120) [7] (30,020) [8]  
Net effective spread 11,271 9,823 32,556 29,186  
Guarantee and commitment fees 436 387 1,205 1,153  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees 0 [9] 0 [10] 0 [11] 0 [12]  
Non-interest (loss)/income 436 387 1,205 1,153  
Release of/(provision for) 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 (522) (478) (1,589) (1,415)  
Non-interest expense (522) [13] (478) [14] (1,589) [15] (1,415) [16]  
Segment core earnings before income taxes 11,185 9,732 32,172 28,924  
Income tax expense 3,915 3,407 11,260 10,124  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends 7,270 6,325 20,912 18,800  
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 7,270 6,325 20,912 18,800  
Segment Reporting Information, Additional Information [Abstract]          
Assets 5,405,360 5,016,670 5,405,360 5,016,670  
On and Off Balance Sheet Program Assets, At Principal Balance 6,725,017 5,951,800 6,725,017 5,951,800  
Corporate [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating 3,185 [1] 4,683 [2] 9,144 [3] 15,103 [4]  
Interest Income Reclassification 0 0 0 0  
Total interest expense (1,234) [5] (910) [6] (3,562) [7] (3,028) [8]  
Net effective spread 1,951 3,773 5,582 12,075  
Guarantee and commitment fees 0 0 0 0  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees (619) [9] (2,392) [10] (1,383) [11] (3,566) [12]  
Non-interest (loss)/income (619) (2,392) (1,383) (3,566)  
Release of/(provision for) 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) (2,626) (8,975) (7,797)  
Non-interest expense (2,986) [13] (2,626) [14] (8,975) [15] (7,797) [16]  
Segment core earnings before income taxes (1,654) (1,245) (4,776) 712  
Income tax expense (533) (2,619) (3,405) (19,295)  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends (1,121) 1,374 (1,371) 20,007  
Preferred Stock Dividends, Income Statement Impact (3,295) (3,283) (9,886) (6,543)  
Less: Net loss/(income) attributable to non-controlling interest 36 (5,412) (5,199) (16,778)  
Loss on retirement of preferred stock     0    
Segment core earnings (4,380) (7,321) (16,456) (3,314)  
Segment Reporting Information, Additional Information [Abstract]          
Assets 3,664,107 4,326,791 3,664,107 4,326,791  
Segment Reconciling Items [Member]          
Segment Reporting Information, Profit (Loss) [Abstract]          
Interest and Dividend Income, Operating (651) [1] (962) [2] (1,962) [3] (13,637) [4]  
Interest Income Reclassification 796 508 2,128 1,552  
Total interest expense 1,651 [5] (14,788) [6] 5,239 [7] (18,943) [8]  
Net effective spread 1,796 (15,242) 5,405 (31,028)  
Guarantee and commitment fees (796) (508) (2,128) (1,552)  
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees (8,420) [9] 19,284 [10] 3,927 [11] 15,791 [12]  
Non-interest (loss)/income (9,216) 18,776 1,799 14,239  
Release of/(provision for) 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  
Non-interest expense 0 [13] 0 [14] 0 [15] 0 [16]  
Segment core earnings before income taxes (7,420) [17] 3,534 [18] 7,204 [19] (16,789) [20]  
Income tax expense (2,597) 1,237 620 (5,872)  
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends (4,823) [17] 2,297 [18] 6,584 [19] (10,917) [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 (4,823) [17] 2,297 [18] (1,563) [19] (10,917) [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 "(Losses)/gains 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 "(Losses)/gains 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 "(Losses)/gains 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 "(Losses)/gains 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.