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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets:    
Cash and cash equivalents $ 366,764 $ 265,229
Loans:    
Loans held for investment, at amortized cost 3,804,966 3,379,884
Loans held for investment in consolidated trusts, at amortized cost 1,329,212 1,132,966
Allowance for loan losses (6,408) (5,415)
Total loans, net of allowance 5,127,770 4,507,435
Real estate owned, at lower of cost or fair value 1,086 1,528
Financial derivatives, at fair value 2,020 23,182
Interest receivable (includes $10,625 and $12,584, respectively, related to consolidated trusts) 110,175 122,782
Guarantee and commitment fees receivable 36,679 38,871
Deferred tax asset, net 4,293 12,291
Prepaid expenses and other assets 96,780 86,322
Total Assets 17,690,238 15,606,020
Notes payable:    
Due within one year 8,112,928 8,440,123
Due after one year 7,399,961 5,222,977
Total notes payable 15,512,889 13,663,100
Debt securities of consolidated trusts held by third parties 1,333,417 1,142,704
Financial derivatives, at fair value 30,595 58,152
Accrued interest payable (includes $8,874 and $10,881, respectively, related to consolidated trusts) 61,804 49,700
Guarantee and commitment obligation 35,316 37,282
Accounts payable and accrued expenses 19,971 9,415
Reserve for losses 2,080 2,020
Total Liabilities 16,996,072 14,962,373
Commitments and Contingencies (Note 6)
Common stock:    
Additional paid-in capital 119,130 118,655
Accumulated other comprehensive income, net of tax 40,795 33,758
Retained earnings 318,869 275,714
Total Stockholders' Equity 694,166 643,425
Non-controlling interest 0 222
Total Equity 694,166 643,647
Total Liabilities and Equity 17,690,238 15,606,020
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 9,082 9,008
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,234,966 2,515,851
Marketable Securities 2,234,966 2,515,851
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 5,443,746 4,853,685
Held-to-maturity, at amortized cost 2,158,810 1,149,231
Marketable Securities 7,602,556 6,002,916
USDA Securities [Member]    
Assets:    
Held-to-maturity, at amortized cost 2,092,285 2,009,225
Trading, at fair value 14,864 20,388
Marketable Securities $ 2,107,149 $ 2,029,613