CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest income:
Investments and cash equivalents	$ 15,123	$ 9,223	$ 38,681	$ 24,834
Farmer Mac Guaranteed Securities and USDA Securities	76,870	54,350	213,479	146,978
Loans	50,622	40,924	145,671	117,349
Total interest income	142,615	104,497	397,831	289,161
Total interest expense	97,557	64,935	265,611	172,797
Net interest income	45,058	39,562	132,220	116,364
Provision for loan losses	(99)	(270)	(92)	(1,234)
Net interest income after provision for loan losses	44,959	39,292	132,128	115,130
Non-interest income:
Guarantee and commitment fees	3,490	3,314	10,470	10,630
Gains/(losses) on financial derivatives and hedging activities	628	661	(688)	2,530
(Losses)/gains on trading securities	(3)	0	24	(84)
Gains on sale of available-for-sale investment securities	0	89	0	89
(Losses)/gains on sale of real estate owned	(41)	32	(7)	784
Other income	365	203	1,259	890
Non-interest income	4,439	4,299	11,058	14,839
Non-interest expense:
Compensation and employee benefits	6,777	5,987	20,367	18,986
General and administrative	4,350	3,890	13,878	11,611
Regulatory fees	625	625	1,875	1,875
Real estate owned operating costs, net	0	0	16	23
(Release of)/provision for reserve for losses	(102)	114	77	60
Non-interest expense	11,650	10,616	36,213	32,555
Income before income taxes	37,748	32,975	106,973	97,414
Income tax expense	7,979	11,193	21,749	33,103
Net income	29,769	21,782	85,224	64,311
Less: Net loss attributable to non-controlling interest	0	0	0	165
Net income attributable to Farmer Mac	29,769	21,782	85,224	64,476
Preferred stock dividends	(3,295)	(3,295)	(9,886)	(9,886)
Net income attributable to common stockholders	$ 26,474	$ 18,487	$ 75,338	$ 54,590
Earnings per common share and dividends:
Basic earnings per common share	$ 2.48	$ 1.74	$ 7.07	$ 5.16
Diluted earnings per common share	2.46000	1.71000	7.01000	5.06
Common Stock, Dividends, Per Share, Declared	$ 0.58	$ 0.36	$ 1.74	$ 1.08