XML 14 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets:    
Cash and cash equivalents $ 1,210,084 $ 1,363,387
Loans:    
Loans held for investment, at amortized cost 3,258,413 2,833,461
Loans held for investment in consolidated trusts, at amortized cost 708,111 692,478
Allowance for loan losses (4,480) (5,864)
Total loans, net of allowance 3,962,044 3,520,075
Real estate owned, at lower of cost or fair value 1,369 421
Financial derivatives, at fair value 3,816 4,177
Interest receivable (includes $7,938 and $9,509, respectively, related to consolidated trusts) 112,700 106,874
Guarantee and commitment fees receivable 40,189 39,462
Deferred tax asset, net 42,916 33,391
Prepaid expenses and other assets 47,780 55,413
Total Assets 15,540,354 14,287,821
Notes payable:    
Due within one year 9,111,461 7,353,953
Due after one year 4,967,036 5,471,186
Total notes payable 14,078,497 12,825,139
Debt securities of consolidated trusts held by third parties 713,536 424,214
Financial derivatives, at fair value 77,199 84,844
Accrued interest payable (includes $6,705 and $5,145, respectively, related to consolidated trusts) 47,621 48,355
Guarantee and commitment obligation 38,609 37,925
Accounts payable and accrued expenses 29,089 81,252
Reserve for losses 2,083 4,263
Total Liabilities $ 14,986,634 $ 13,505,992
Commitments and Contingencies (Note 12)
Common stock:    
Additional paid-in capital $ 117,862 $ 113,559
Accumulated other comprehensive (loss)/income, net of tax (11,019) 15,533
Retained earnings 231,228 201,013
Total Stockholders' Equity 553,517 545,801
Non-controlling interest 203 236,028
Total Equity 553,720 781,829
Total Liabilities and Equity 15,540,354 14,287,821
Series A Preferred Stock [Member]    
Preferred stock:    
Preferred stock 58,333 58,333
Series B Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,044 73,044
Series C Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,382 73,382
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 9,156 9,406
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,775,025 1,938,499
Trading, at fair value 491 689
Marketable Securities 2,775,516 1,939,188
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 4,152,605 3,659,281
Held-to-maturity, at amortized cost 1,274,016 1,794,620
Marketable Securities 5,426,621 5,453,901
USDA Securities [Member]    
Assets:    
Available-for-sale, at fair value 1,888,344 1,731,222
Trading, at fair value 28,975 40,310
Marketable Securities $ 1,917,319 $ 1,771,532