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Business Segment Reporting - Core Earnings - Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Segment Reporting Information, Profit (Loss) [Abstract]                      
Interest Income $ 67,562 $ 66,918 $ 66,392 $ 63,951 $ 60,730 $ 63,410 $ 64,475 $ 52,452 $ 264,823 [1] $ 241,067 [2] $ 246,729 [2]
Interest Income Reclassification                 0 0 0
Total interest expense (36,591) (34,735) (34,528) (33,162) (44,606) (48,886) (42,502) (34,726) (139,016) [3] (170,720) [4] (137,276) [4]
Net effective spread 30,971 32,183 31,864 30,789 16,124 14,524 21,973 17,726 125,807 70,347 109,453
Guarantee and commitment fees 3,780 3,532 3,388 3,377 3,563 3,644 3,703 3,784 14,077 14,694 15,627
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 6,064 [5] 18,596 [6] 38,813 [6]
Non-interest income 6,440 (4,981) 18,207 475 9,134 20,927 6,264 (3,035) 20,141 33,290 54,440
(Provision for)/release of allowance for loan losses (3,366) 1,164 (110) (76) 462 (511) 1,583 (573) (2,388) 961 481
(Release of)/provision for reserve for losses                 2,180 2,205 (929)
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (37,662) (33,697) (32,178)
Non-interest expense (5,865) (10,421) (10,853) (8,343) (8,594) (7,095) (7,856) (7,947) (35,482) [7] (31,492) [8] (33,107) [8]
Income before income taxes 28,180 17,945 39,108 22,845 17,126 27,845 21,964 6,171 108,078 73,106 131,267
Income tax expense (9,912) (6,327) (13,769) (4,231) (2,769) (7,564) 6,368 1,141 (34,239) (2,824) (33,752)
Net income 18,268 11,618 25,339 18,614 14,357 20,281 28,332 7,312 73,839 70,282 97,515
Preferred Stock Dividends, Income Statement Impact (3,296) (3,295) (3,296) (3,295) (3,296) (3,283) (2,308) (952) (13,182) (9,839) (3,495)
Less: Net income attributable to non-controlling interest 60 36 119 (5,354) (5,414) (5,412) (5,819) (5,547) (5,139) (22,192) (22,187)
Loss on retirement of preferred stock 0 0 0 (8,147)         (8,147) 0 0
Net Income (Loss) Available to Common Stockholders, Basic 15,032 $ 8,359 $ 22,162 $ 1,818 5,647 $ 11,586 $ 20,205 $ 813 47,371 38,251 71,833
Segment Reporting Information, Additional Information [Abstract]                      
Assets 15,540,354       14,287,821       15,540,354 14,287,821 13,361,780
On and Off Balance Sheet Program Assets, At Principal Balance 15,898,820       14,597,758       15,898,820 14,597,758 13,950,312
Farm & Ranch [Member]                      
Segment Reporting Information, Profit (Loss) [Abstract]                      
Interest Income                 90,578 [1] 78,934 [2] 67,429 [2]
Interest Income Reclassification                 (3,078) (2,086) (964)
Total interest expense                 (48,696) [3] (45,025) [4] (32,062) [4]
Net effective spread                 38,804 31,823 34,403
Guarantee and commitment fees                 15,076 15,107 14,944
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 1,040 [5] 762 [6] 2,244 [6]
Non-interest income                 16,116 15,869 17,188
(Provision for)/release of allowance for loan losses                 (2,388) 961 481
(Release of)/provision for reserve for losses                 2,180 2,205 (929)
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (16,876) (15,180) (14,649)
Non-interest expense                 (14,696) [7] (12,975) [8] (15,578) [8]
Segment core earnings before income taxes                 37,836 35,678 36,494
Income tax expense                 (13,188) (12,486) (12,773)
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends                 24,648 23,192 23,721
Preferred Stock Dividends, Income Statement Impact                 0 0 0
Less: Net income attributable to non-controlling interest                 0 0 0
Loss on retirement of preferred stock                 0    
Segment core earnings                 24,648 23,192 23,721
Segment Reporting Information, Additional Information [Abstract]                      
Assets 3,041,386       2,611,401       3,041,386 2,611,401 2,190,224
On and Off Balance Sheet Program Assets, At Principal Balance 5,725,299       5,417,174       5,725,299 5,417,174 5,163,080
USDA Guarantees [Member]                      
Segment Reporting Information, Profit (Loss) [Abstract]                      
Interest Income                 59,902 [1] 54,955 [2] 53,384 [2]
Interest Income Reclassification                 0 0 0
Total interest expense                 (42,063) [3] (36,689) [4] (35,656) [4]
Net effective spread                 17,839 18,266 17,728
Guarantee and commitment fees                 17 134 132
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 100 [5] 63 [6] 791 [6]
Non-interest income                 117 197 923
(Provision for)/release of allowance for loan losses                 0 0 0
(Release of)/provision for reserve for losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (3,449) (2,955) (2,904)
Non-interest expense                 (3,449) [7] (2,955) [8] (2,904) [8]
Segment core earnings before income taxes                 14,507 15,508 15,747
Income tax expense                 (5,176) (5,430) (5,511)
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends                 9,331 10,078 10,236
Preferred Stock Dividends, Income Statement Impact                 0 0 0
Less: Net income attributable to non-controlling interest                 0 0 0
Loss on retirement of preferred stock                 0    
Segment core earnings                 9,331 10,078 10,236
Segment Reporting Information, Additional Information [Abstract]                      
Assets 1,977,609       1,825,210       1,977,609 1,825,210 1,656,688
On and Off Balance Sheet Program Assets, At Principal Balance 1,918,277       1,798,034       1,918,277 1,798,034 1,687,117
Rural Utilities [Member]                      
Segment Reporting Information, Profit (Loss) [Abstract]                      
Interest Income                 26,819 [1] 27,879 [2] 35,194 [2]
Interest Income Reclassification                 0 0 0
Total interest expense                 (15,425) [3] (17,138) [4] (23,601) [4]
Net effective spread                 11,394 10,741 11,593
Guarantee and commitment fees                 397 0 0
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 25 [5] 9 [6] 0 [6]
Non-interest income                 422 9 0
(Provision for)/release of allowance for loan losses                 0 0 0
(Release of)/provision for reserve for losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (3,364) (3,130) (3,100)
Non-interest expense                 (3,364) [7] (3,130) [8] (3,100) [8]
Segment core earnings before income taxes                 8,452 7,620 8,493
Income tax expense                 (2,947) (2,668) (2,973)
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends                 5,505 4,952 5,520
Preferred Stock Dividends, Income Statement Impact                 0 0 0
Less: Net income attributable to non-controlling interest                 0 0 0
Loss on retirement of preferred stock                 0    
Segment core earnings                 5,505 4,952 5,520
Segment Reporting Information, Additional Information [Abstract]                      
Assets 1,019,279       995,082       1,019,279 995,082 1,076,298
On and Off Balance Sheet Program Assets, At Principal Balance 1,530,990       985,609       1,530,990 985,609 1,052,251
Institutional Credit [Member]                      
Segment Reporting Information, Profit (Loss) [Abstract]                      
Interest Income                 76,487 [1] 77,512 [2] 89,199 [2]
Interest Income Reclassification                 0 0 0
Total interest expense                 (33,032) [3] (38,456) [4] (53,613) [4]
Net effective spread                 43,455 39,056 35,586
Guarantee and commitment fees                 1,665 1,539 1,515
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 0 [5] 0 [6] 0 [6]
Non-interest income                 1,665 1,539 1,515
(Provision for)/release of allowance for loan losses                 0 0 0
(Release of)/provision for reserve for losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (2,109) (1,891) (1,774)
Non-interest expense                 (2,109) [7] (1,891) [8] (1,774) [8]
Segment core earnings before income taxes                 43,011 38,704 35,327
Income tax expense                 (15,054) (13,548) (12,364)
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends                 27,957 25,156 22,963
Preferred Stock Dividends, Income Statement Impact                 0 0 0
Less: Net income attributable to non-controlling interest                 0 0 0
Loss on retirement of preferred stock                 0    
Segment core earnings                 27,957 25,156 22,963
Segment Reporting Information, Additional Information [Abstract]                      
Assets 5,420,195       5,459,296       5,420,195 5,459,296 5,121,666
On and Off Balance Sheet Program Assets, At Principal Balance 6,724,254       6,396,941       6,724,254 6,396,941 6,047,864
Corporate Segment [Member]                      
Segment Reporting Information, Profit (Loss) [Abstract]                      
Interest Income                 13,338 [1] 17,637 [2] 21,940 [2]
Interest Income Reclassification                 0 0 0
Total interest expense                 (5,450) [3] (3,830) [4] (4,668) [4]
Net effective spread                 7,888 13,807 17,272
Guarantee and commitment fees                 0 0 0
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 (1,972) [5] (4,913) [6] 1,622 [6]
Non-interest income                 (1,972) (4,913) 1,622
(Provision for)/release of allowance for loan losses                 0 0 0
(Release of)/provision for reserve for losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 (11,864) (10,541) (9,751)
Non-interest expense                 (11,864) [7] (10,541) [8] (9,751) [8]
Segment core earnings before income taxes                 (5,948) (1,647) 9,143
Income tax expense                 3,803 23,347 8,991
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends                 (2,145) 21,700 18,134
Preferred Stock Dividends, Income Statement Impact                 (13,182) (9,839) (3,495)
Less: Net income attributable to non-controlling interest                 (5,139) (22,192) (22,187)
Loss on retirement of preferred stock                 0    
Segment core earnings                 (20,466) (10,331) (7,548)
Segment Reporting Information, Additional Information [Abstract]                      
Assets 4,081,885       3,396,832       4,081,885 3,396,832 3,316,904
Segment Reconciling Items [Member]                      
Segment Reporting Information, Profit (Loss) [Abstract]                      
Interest Income                 (2,301) [1] (15,850) [2] (20,417) [2]
Interest Income Reclassification                 3,078 2,086 964
Total interest expense                 5,650 [3] (29,582) [4] 12,324 [4]
Net effective spread                 6,427 (43,346) (7,129)
Guarantee and commitment fees                 (3,078) (2,086) (964)
Other Non-Interest Income (Expense), Excluding Guarantee and Commitment Fees                 6,871 [5] 22,675 [6] 34,156 [6]
Non-interest income                 3,793 20,589 33,192
(Provision for)/release of allowance for loan losses                 0 0 0
(Release of)/provision for reserve for losses                 0 0 0
Noninterest Expense, Excluding Loan, Lease and Other Losses                 0 0 0
Non-interest expense                 0 [7] 0 [8] 0 [8]
Segment core earnings before income taxes                 10,220 [9] (22,757) [10] 26,063 [10]
Income tax expense                 (1,677) 7,961 (9,122)
Segment core earnings before preferred stock dividends and attibution of income to non-controlling interest - preferred stock dividends                 8,543 [9] (14,796) [10] 16,941 [10]
Preferred Stock Dividends, Income Statement Impact                 0 0 0
Less: Net income attributable to non-controlling interest                 0 0 0
Loss on retirement of preferred stock                 (8,147)    
Segment core earnings                 396 [9] (14,796) [10] 16,941 [10]
Segment Reporting Information, Additional Information [Abstract]                      
Assets 0       0       0 0 0
On and Off Balance Sheet Program Assets, At Principal Balance $ 0       $ 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] 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.
[4] 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.
[5] 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.
[6] 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.
[7] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount
[8] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.
[9] 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
[10] 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.