CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest income:
Investments and cash equivalents		$ 6,560	$ 3,094	$ 13,241	$ 5,959
Farmer Mac Guaranteed Securities and USDA Securities		37,299	34,484	72,809	67,606
Loans		33,377	28,814	65,077	56,778
Total interest income		77,236	66,392	151,127	130,343
Total interest expense		42,878	34,528	83,129	67,690
Net interest income		34,358	31,864	67,998	62,653
Provision for loan losses		(364)	(110)	(413)	(186)
Net interest income after provision for loan losses		33,994	31,754	67,585	62,467
Non-interest (loss)/income:
Guarantee and commitment fees		3,655	3,388	7,281	6,765
(Losses)/gains on financial derivatives and hedging activities		(4,696)	14,389	(11,478)	10,507
Gains on trading securities		394	170	752	532
(Losses)/gains on sale of available-for-sale investment securities		0	0	(9)	6
Losses on sale of real estate owned		0	0	0	(1)
Other income		413	260	514	873
Non-interest (loss)/income		(234)	18,207	(2,940)	18,682
Non-interest expense:
Compensation and employee benefits		5,611	5,733	11,385	11,426
General and administrative		3,757	3,374	7,283	6,197
Regulatory fees		612	600	1,225	1,200
Real estate owned operating costs, net		0	0	39	(1)
Provision for reserve for losses		94	1,146	108	374
Non-interest expense	[1]	10,074	10,853	20,040	19,196
Income before income taxes		23,686	39,108	44,605	61,953
Income tax expense		8,400	13,769	15,735	18,000
Net income		15,286	25,339	28,870	43,953
Less: Net loss/(income) attributable to non-controlling interest		16	119	44	(5,235)
Net income attributable to Farmer Mac		15,302	25,458	28,914	38,718
Preferred stock dividends		(3,296)	(3,296)	(6,591)	(6,591)
Loss on retirement of preferred stock		0	0	0	(8,147)
Net income attributable to common stockholders		$ 12,006	$ 22,162	$ 22,323	$ 23,980
Earnings per common share and dividends:
Basic earnings per common share		$ 1.15	$ 2.01	$ 2.13	$ 2.19
Diluted earnings per common share		1.13000	1.94000	2.07000	2.11000
Common stock dividends per common share		$ 0.26	$ 0.16	$ 0.52	$ 0.32

[1] (4) Includes reconciling adjustments for 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.