Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information (Unaudited) [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

QUARTERLY FINANCIAL INFORMATION (Unaudited)

Table 15.1

	2015 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	67,562		$	66,918		$	66,392		$	63,951
Interest expense	36,591			34,735			34,528			33,162
Net interest income	30,971			32,183			31,864			30,789
(Provision for)/release of loan losses	(3,366		)	1,164			(110		)	(76		)
Net interest income after (provision for)/release of loan losses	27,605			33,347			31,754			30,713
Non-interest income/(loss):
Guarantee and commitment fees	3,780			3,532			3,388			3,377
Gains/(losses) on financial derivatives and hedging activities	1,592			(9,568		)	14,389			(3,882		)
Gains/(losses) on trading assets	696			(8		)	170			362
Gains on sale of available-for-sale investment securities	—			3			—			6
Losses on sale of real estate owned	—			—			—			(1		)
Other income	372			1,060			260			613
Non-interest income/(loss)	6,440			(4,981		)	18,207			475
Non-interest expense	5,865			10,421			10,853			8,343
Income before income taxes	28,180			17,945			39,108			22,845
Income tax expense	9,912			6,327			13,769			4,231
Net income	18,268			11,618			25,339			18,614
Less: Net loss/(income) attributable to non-controlling interest	60			36			119			(5,354		)
Net income attributable to Farmer Mac	18,328			11,654			25,458			13,260
Preferred stock dividends	(3,296		)	(3,295		)	(3,296		)	(3,295		)
Loss on retirement of preferred stock	—			—			—			(8,147		)
Net income attributable to common stockholders	$	15,032		$	8,359		$	22,162		$	1,818
Earnings per common share:
Basic earnings per common share	$	1.39		$	0.76		$	2.01		$	0.17
Diluted earnings per common share	$	1.35		$	0.74		$	1.94		$	0.16

	2014 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	60,730		$	63,410		$	64,475		$	52,452
Interest expense	44,606			48,886			42,502			34,726
Net interest income	16,124			14,524			21,973			17,726
Release of/(provision for) loan losses	462			(511		)	1,583			(573		)
Net interest income after release of/(provision for) loan losses	16,586			14,013			23,556			17,153
Non-interest income:
Guarantee and commitment fees	3,563			3,644			3,703			3,784
(Losses)/gains on financial derivatives and hedging activities	(9,178		)	808			(5,698		)	(7,578		)
Gains on trading assets	13,857			16,369			7,748			655
(Losses)/gains on sale of available-for-sale investment securities	—			(396		)	143			15
(Losses)/gains on sale of real estate owned	(28		)	—			168			(3		)
Other income	920			502			200			92
Non-interest income/(loss)	9,134			20,927			6,264			(3,035		)
Non-interest expense	8,594			7,095			7,856			7,947
Income before income taxes	17,126			27,845			21,964			6,171
Income tax expense/(benefit)	2,769			7,564			(6,368		)	(1,141		)
Net income	14,357			20,281			28,332			7,312
Less: Net income attributable to non-controlling interest	(5,414		)	(5,412		)	(5,819		)	(5,547		)
Net income attributable to Farmer Mac	8,943			14,869			22,513			1,765
Preferred stock dividends	(3,296		)	(3,283		)	(2,308		)	(952		)
Net income attributable to common stockholders	$	5,647		$	11,586		$	20,205		$	813
Earnings per common share:
Basic earnings per common share	$	0.52		$	1.06		$	1.85		$	0.07
Diluted earnings per common share	$	0.50		$	1.02		$	1.78		$	0.07