CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2017		Sep. 30, 2016		Sep. 30, 2017		Sep. 30, 2016
Interest income:
Investments and cash equivalents	$ 9,223		$ 6,994		$ 24,834		$ 20,235
Farmer Mac Guaranteed Securities and USDA Securities	54,350		38,129		146,978		110,938
Loans	40,924		34,409		117,349		99,486
Total interest income	104,497		79,532		289,161		230,659
Total interest expense	64,935		43,969		172,797		127,098
Net interest income	39,562		35,563		116,364		103,561
Provision for loan losses	(270)		(191)		(1,234)		(604)
Net interest income after provision for loan losses	39,292		35,372		115,130		102,957
Non-interest income:
Guarantee and commitment fees	3,314	[1]	3,798	[2]	10,630	[3]	11,079	[4]
Gains/(losses) on financial derivatives and hedging activities	661		(1,601)		2,530		(13,079)
Gains/(losses) on trading securities	0		1,182		(84)		1,934
Gains/(losses) on sale of available-for-sale investment securities	89		0		89		(9)
Gains on sale of real estate owned	32		15		784		15
Other income	203		707		890		1,221
Non-interest income	4,299		4,101		14,839		1,161
Non-interest expense:
Compensation and employee benefits	5,987		5,438		18,986		16,823
General and administrative	3,890		3,474		11,611		10,757
Regulatory fees	625		613		1,875		1,838
Real estate owned operating costs, net	0		0		23		39
Provision for/(release of) reserve for losses	114		(222)		60		(114)
Non-interest expense	10,616	[5]	9,303	[6]	32,555	[7]	29,343	[8]
Income before income taxes	32,975		30,170		97,414		74,775
Income tax expense	11,193		10,529		33,103		26,264
Net income	21,782		19,641		64,311		48,511
Less: Net loss attributable to non-controlling interest	0		18		165		62
Net income attributable to Farmer Mac	21,782		19,659		64,476		48,573
Preferred stock dividends	(3,295)		(3,295)		(9,886)		(9,886)
Net income attributable to common stockholders	$ 18,487		$ 16,364		$ 54,590		$ 38,687
Earnings per common share and dividends:
Basic earnings per common share	$ 1.74	[9]	$ 1.56		$ 5.16	[10]	$ 3.70
Diluted earnings per common share	1.71000	[9]	1.54000		5.06000	[10]	3.6000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.36		$ 0.26		$ 1.08		$ 0.78

[1] Includes the reclassification of interest income and interest expense from consolidated trusts owned by third parties to guarantee and commitment fees, to reflect management's view that the net interest income Farmer Mac earns is effectively a guarantee fee.

[2] Includes the reclassification of interest income and interest expense from consolidated trusts owned by third parties to guarantee and commitment fees, to reflect management's view that the net interest income Farmer Mac earns is effectively a guarantee fee.

[3] Includes the reclassification of interest income and interest expense from consolidated trusts owned by third parties to guarantee and commitment fees, to reflect management's view that the net interest income Farmer Mac earns is effectively a guarantee fee.

[4] Includes the reclassification of interest income and interest expense from consolidated trusts owned by third parties to guarantee and commitment fees, to reflect management's view that the net interest income Farmer Mac earns is effectively a guarantee fee.

[5] Includes directly attributable costs and an allocation of indirectly attributable costs based on staffing.

[6] Includes directly attributable costs and an allocation of indirectly attributable costs based on staffing.

[7] Includes directly attributable costs and an allocation of indirectly attributable costs based on staffing.

[8] Includes directly attributable costs and an allocation of indirectly attributable costs based on staffing.

[9] For the effect of the adoption of the new Accounting Standard Update 2016-09, "Improvements to Employee Share-Based Payment Accounting," on Basic and Diluted EPS, see Note 1(d) "New Accounting Standards."

[10] For the effect of the adoption of the new Accounting Standard Update 2016-09, "Improvements to Employee Share-Based Payment Accounting," on Basic and Diluted EPS, see Note 1(d) "New Accounting Standards."