XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Assets:    
Cash and cash equivalents $ 302,022,000 $ 265,229,000
Loans:    
Loans held for investment, at amortized cost 3,873,755,000 3,379,884,000
Loans held for investment in consolidated trusts, at amortized cost 1,399,827,000 1,132,966,000
Allowance for loan losses (6,796,000) (5,415,000)
Total loans, net of allowance 5,266,786,000 4,507,435,000
Real estate owned, at lower of cost or fair value 139,000 1,528,000
Financial derivatives, at fair value 7,093,000 23,182,000
Interest receivable (includes $17,373 and $12,584, respectively, related to consolidated trusts) 155,278,000 122,782,000
Guarantee and commitment fees receivable 39,895,000 38,871,000
Deferred tax asset, net 2,048,000 12,291,000
Prepaid expenses and other assets 29,023,000 86,322,000
Total Assets 17,792,274,000 15,606,020,000
Notes payable:    
Due within one year 8,089,826,000 8,440,123,000
Due after one year 7,432,790,000 5,222,977,000
Total notes payable 15,522,616,000 13,663,100,000
Debt securities of consolidated trusts held by third parties 1,404,945,000 1,142,704,000
Financial derivatives, at fair value 26,599,000 58,152,000
Accrued interest payable (includes $14,631 and $10,881, respectively, related to consolidated trusts) 75,402,000 49,700,000
Guarantee and commitment obligation 38,400,000 37,282,000
Accounts payable and accrued expenses 14,096,000 9,415,000
Reserve for losses 2,070,000 2,020,000
Total Liabilities 17,084,128,000 14,962,373,000
Commitments and Contingencies (Note 12)
Common stock:    
Additional paid-in capital 118,979,000 118,655,000
Accumulated other comprehensive income, net of tax 51,085,000 33,758,000
Retained earnings 322,704,000 275,714,000
Total Stockholders' Equity 708,146,000 643,425,000
Non-controlling interest 0 222,000
Total Equity 708,146,000 643,647,000
Total Liabilities and Equity 17,792,274,000 15,606,020,000
Series A Preferred Stock [Member]    
Preferred stock:    
Preferred stock 58,333,000 58,333,000
Series B Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,044,000 73,044,000
Series C Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,382,000 73,382,000
Common Class A, Voting [Member]    
Common stock:    
Common Stock 1,031,000 1,031,000
Common Class B, Voting [Member]    
Common stock:    
Common Stock 500,000 500,000
Common Class C, Non-Voting [Member]    
Common stock:    
Common Stock 9,088,000 9,008,000
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,215,405,000 2,515,851,000
Held-to-maturity, at amortized cost 45,032,000 0
Marketable Securities 2,260,437,000 2,515,851,000
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 5,471,914,000 4,853,685,000
Held-to-maturity, at amortized cost 2,126,274,000 1,149,231,000
Marketable Securities 7,598,188,000 6,002,916,000
USDA Securities [Member]    
Assets:    
Held-to-maturity, at amortized cost 2,117,850,000 2,009,225,000
Trading, at fair value 13,515,000 20,388,000
Marketable Securities $ 2,131,365,000 $ 2,029,613,000