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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets:    
Cash and cash equivalents $ 313,581 $ 1,210,084
Loans:    
Loans held for investment, at amortized cost 3,299,618 3,258,413
Loans held for investment in consolidated trusts, at amortized cost 1,039,770 708,111
Allowance for loan losses (4,954) (4,480)
Total loans, net of allowance 4,334,434 3,962,044
Real estate owned, at lower of cost or fair value 1,528 1,369
Financial derivatives, at fair value 4,627 3,816
Interest receivable (includes $7,683 and $7,938, respectively, related to consolidated trusts) 86,699 112,700
Guarantee and commitment fees receivable 39,655 40,189
Deferred tax asset, net 29,187 42,916
Prepaid expenses and other assets 95,066 47,780
Total Assets 16,000,905 15,540,354
Notes payable:    
Due within one year 9,295,700 9,111,461
Due after one year 4,820,388 4,967,036
Total notes payable 14,116,088 14,078,497
Debt securities of consolidated trusts held by third parties 1,044,559 713,536
Financial derivatives, at fair value 123,796 77,199
Accrued interest payable (includes $6,487 and $6,705, respectively, related to consolidated trusts) 40,270 47,621
Guarantee and commitment obligation 37,764 38,609
Accounts payable and accrued expenses 35,575 29,089
Reserve for losses 1,969 2,083
Total Liabilities 15,400,021 14,986,634
Commitments and Contingencies (Note 6)
Common stock:    
Additional paid-in capital 118,897 117,862
Accumulated other comprehensive income/(loss), net of tax 13,564 (11,019)
Retained earnings 252,989 231,228
Total Stockholders' Equity 600,690 553,517
Non-controlling interest 194 203
Total Equity 600,884 553,720
Total Liabilities and Equity 16,000,905 15,540,354
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 8,950 9,156
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 3,001,185 2,775,025
Trading, at fair value 0 491
Marketable Securities 3,001,185 2,775,516
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 4,937,481 4,152,605
Held-to-maturity, at amortized cost 1,153,646 1,274,016
Marketable Securities 6,091,127 5,426,621
USDA Securities [Member]    
Assets:    
Available-for-sale, at fair value 1,980,327 1,888,344
Trading, at fair value 23,489 28,975
Marketable Securities $ 2,003,816 $ 1,917,319