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Farmer Mac Guaranteed Securities and USDA Guaranteed Securities - Farmer Mac Guaranteed Securities and USDA Securities (Tables) - Farmer Mac Guaranteed Securities and USDA Securities [Member]
 9 Months Ended
Sep. 30, 2017
Schedule of Held-to-Maturity, Available-for-sale, and Trading Securities [Line Items]  
Marketable Securities [Table Text Block]
The following tables set forth information about on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities as of September 30, 2017 and December 31, 2016:

Table 3.1

 
As of September 30, 2017
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
2,128,974

 
$
(1,166
)
 
$
2,127,808

 
$
5,091

 
$
(6,073
)
 
$
2,126,826

Farmer Mac Guaranteed USDA Securities
30,688

 
314

 
31,002

 
86

 
(284
)
 
30,804

Total Farmer Mac Guaranteed Securities
2,159,662

 
(852
)
 
2,158,810

 
5,177

 
(6,357
)
 
2,157,630

USDA Securities
2,027,261

 
65,024

 
2,092,285

 
—

 
(64,741
)
 
2,027,544

Total held-to-maturity
$
4,186,923

 
$
64,172

 
$
4,251,095

 
$
5,177

 
$
(71,098
)
 
$
4,185,174

Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
5,459,655

 
$
(141
)
 
$
5,459,514

 
$
30,811

 
$
(46,579
)
 
$
5,443,746

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Securities
$
14,204

 
$
1,092

 
$
15,296

 
$
31

 
$
(463
)
 
$
14,864


 
As of December 31, 2016
 
Unpaid Principal Balance
 
Unamortized Premium/(Discount)
 
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Value
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
1,115,465

 
$
(2,276
)
 
$
1,113,189

 
$
7,187

 
$
(3,175
)
 
$
1,117,201

Farmer Mac Guaranteed USDA Securities
35,599

 
443

 
36,042

 
5

 
(239
)
 
35,808

Total Farmer Mac Guaranteed Securities
1,151,064

 
(1,833
)
 
1,149,231

 
7,192

 
(3,414
)
 
1,153,009

USDA Securities
1,935,440

 
73,785

 
2,009,225

 
—

 
(95,590
)
 
1,913,635

Total held-to-maturity
$
3,086,504

 
$
71,952

 
$
3,158,456

 
$
7,192

 
$
(99,004
)
 
$
3,066,644

Available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
AgVantage
$
4,889,007

 
$
(103
)
 
$
4,888,904

 
$
28,715

 
$
(63,934
)
 
$
4,853,685

Trading:
 
 
 
 
 

 
 

 
 

 
 

USDA Securities
$
19,360

 
$
1,377

 
$
20,737

 
$
41

 
$
(390
)
 
$
20,388


On October 1, 2016, Farmer Mac transferred $2.0 billion of USDA Securities and $32.8 million of Farmer Mac Guaranteed USDA Securities from available-for-sale to held-to-maturity to reflect Farmer Mac’s positive intent and ability to hold these securities until maturity or payoff. Farmer Mac transferred these securities at fair value as of the date of the transfer, which included a cost basis adjustment of unrealized appreciation in the amount of $73.1 million for the USDA Securities and $0.7 million for the Farmer Mac Guaranteed USDA Securities. The accumulated unrealized appreciation was retained in accumulated other comprehensive income in the amount of $73.8 million, before tax. Farmer Mac accounts for held-to-maturity securities at amortized cost. Both the cost basis adjustment and accumulated unrealized appreciation will be amortized as an adjustment to the yield on the held-to-maturity USDA Securities over the remaining term of the transferred securities.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]
As of September 30, 2017 and December 31, 2016, unrealized losses on held-to-maturity and available-for-sale on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities were as follows:

Table 3.2

 
As of September 30, 2017
 
Held-to-Maturity and Available-for-Sale Securities
 
Unrealized loss position for
less than 12 months
 
Unrealized loss position for
more than 12 months
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
AgVantage
$
1,249,774

 
$
(3,888
)
 
$
247,815

 
$
(2,185
)
Farmer Mac Guaranteed USDA Securities
25,201

 
(284
)
 
—

 
—

USDA Securities
1,940,984

 
(64,696
)
 
86,619

 
(45
)
Total held-to-maturity
$
3,215,959

 
$
(68,868
)
 
$
334,434

 
$
(2,230
)
 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
AgVantage
$
1,293,478

 
$
(14,376
)
 
$
1,424,602

 
$
(32,203
)


 
As of December 31, 2016
 
Available-for-Sale Securities
 
Unrealized loss position for
less than 12 months
 
Unrealized loss position for
more than 12 months
 
Fair Value
 
Unrealized
Loss
 
Fair Value
 
Unrealized
Loss
 
(in thousands)
Held-to-maturity:
 
 
 
 
 
 
 
AgVantage
$
358,575

 
$
(3,175
)
 
$
—

 
$
—

Farmer Mac Guaranteed USDA Securities
30,575

 
(239
)
 
—

 
—

USDA Securities
1,816,366

 
(95,582
)
 
97,270

 
(8
)
Total held-to-maturity
$
2,205,516

 
$
(98,996
)
 
$
97,270

 
$
(8
)
 
 
 
 
 
 
 
 
Available-for-sale:
 
 
 
 
 
 
 
AgVantage
$
982,538

 
$
(18,482
)
 
$
1,131,930

 
$
(45,452
)

The unrealized losses presented above are principally due to higher interest rates from the date of acquisition to September 30, 2017 and December 31, 2016, as applicable. In addition, the unrealized losses on the held-to-maturity USDA Securities as of both September 30, 2017 and December 31, 2016 reflect their increased cost basis resulting from their transfer to held-to-maturity as of October 1, 2016, as described above. The credit exposure related to Farmer Mac's USDA Guarantees line of business is covered by the full faith and credit guarantee of the United States. The unrealized losses from AgVantage securities were on 30 available-for-sale securities as of September 30, 2017. There were 18 held-to-maturity AgVantage securities with an unrealized loss as of September 30, 2017. The unrealized losses from AgVantage securities were on 22 available-for-sale securities as of December 31, 2016. There were 7 unrealized losses from held-to-maturity securities as of December 31, 2016. As of September 30, 2017, 12 available-for-sale AgVantage securities had been in a loss position for more than 12 months with a total unrealized loss of $32.2 million. As of December 31, 2016, 10 available-for-sale AgVantage securities had been in a loss position for more than 12 months with a total unrealized loss of $45.5 million. Farmer Mac has concluded that none of the unrealized losses on its held-to-maturity Farmer Mac Guaranteed Securities and USDA Securities and available-for-sale Farmer Mac Guaranteed Securities are other-than-temporary impairment as of either September 30, 2017 or December 31, 2016.  Farmer Mac does not intend to sell these securities, and it is not more likely than not that Farmer Mac will be required to sell the securities before recovery of the amortized cost basis.
Investments Classified by Contractual Maturity Date [Table Text Block]
The amortized cost, fair value, and weighted-average yield of available-for-sale and held-to-maturity Farmer Mac Guaranteed Securities and USDA Securities by remaining contractual maturity as of September 30, 2017 are set forth below. The balances presented are based on their final maturities, although the actual maturities may differ due to prepayments of the underlying assets.

Table 3.3

 
As of September 30, 2017
 
Available-for-Sale Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
1,000,000

 
$
1,001,537

 
1.90
%
Due after one year through five years
2,696,001

 
2,706,480

 
2.14
%
Due after five years through ten years
745,701

 
750,299

 
2.87
%
Due after ten years
1,017,812

 
985,430

 
1.98
%
Total
$
5,459,514

 
$
5,443,746

 
2.17
%

 
As of September 30, 2017
 
Held-to-Maturity Securities
 
Amortized
Cost
 
Fair Value
 
Weighted-
Average
Yield
 
(dollars in thousands)
Due within one year
$
926,747

 
$
925,935

 
1.78
%
Due after one year through five years
1,260,842

 
1,258,848

 
2.27
%
Due after five years through ten years
208,034

 
201,899

 
3.07
%
Due after ten years
1,855,472

 
1,798,492

 
3.35
%
Total
$
4,251,095

 
$
4,185,174

 
2.66
%