CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income:
Investments and cash equivalents		$ 6,994	$ 3,185	$ 20,235	$ 9,144
Farmer Mac Guaranteed Securities and USDA Securities		38,129	34,002	110,938	101,608
Loans		34,409	29,731	99,486	86,509
Total interest income		79,532	66,918	230,659	197,261
Total interest expense		43,969	34,735	127,098	102,425
Net interest income		35,563	32,183	103,561	94,836
(Provision for)/release of loan losses		(191)	1,164	(604)	978
Net interest income after (provision for)/release of loan losses		35,372	33,347	102,957	95,814
Non-interest income/(loss):
Guarantee and commitment fees		3,798	3,532	11,079	10,297
(Losses)/gains on financial derivatives and hedging activities		(1,601)	(9,568)	(13,079)	939
Gains/(losses) on trading securities		1,182	(8)	1,934	524
Gains/(losses) on sale of available-for-sale investment securities		0	3	(9)	9
Gains/(losses) on sale of real estate owned		15	0	15	(1)
Other income		707	1,060	1,221	1,933
Non-interest income/(loss)		4,101	(4,981)	1,161	13,701
Non-interest expense:
Compensation and employee benefits		5,438	5,236	16,823	16,662
General and administrative		3,474	3,676	10,757	9,873
Regulatory fees		613	600	1,838	1,800
Real estate owned operating costs, net		0	48	39	47
(Release of)/provision for reserve for losses		(222)	861	(114)	1,235
Non-interest expense	[1]	9,303	10,421	29,343	29,617
Income before income taxes		30,170	17,945	74,775	79,898
Income tax expense		10,529	6,327	26,264	24,327
Net income		19,641	11,618	48,511	55,571
Less: Net loss/(income) attributable to non-controlling interest		18	36	62	(5,199)
Net income attributable to Farmer Mac		19,659	11,654	48,573	50,372
Preferred stock dividends		(3,295)	(3,295)	(9,886)	(9,886)
Loss on retirement of preferred stock		0	0	0	(8,147)
Net income attributable to common stockholders		$ 16,364	$ 8,359	$ 38,687	$ 32,339
Earnings per common share and dividends:
Basic earnings per common share		$ 1.56	$ 0.76	$ 3.70	$ 2.94
Diluted earnings per common share		1.54000	0.74000	3.6000	2.85000
Common stock dividends per common share		$ 0.26	$ 0.16	$ 0.78	$ 0.48

[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.