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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Cash and cash equivalents $ 425,256 $ 302,022
Loans:    
Loans held for investment, at amortized cost 4,004,968 3,873,755
Loans held for investment in consolidated trusts, at amortized cost 1,517,101 1,399,827
Allowance for loan losses (7,017) (6,796)
Total loans, net of allowance 5,515,052 5,266,786
Real estate owned, at lower of cost or fair value 128 139
Financial derivatives, at fair value 7,487 7,093
Interest receivable (includes $19,783 and $17,373, respectively, related to consolidated trusts) 180,080 155,278
Guarantee and commitment fees receivable 40,366 39,895
Deferred tax asset, net 6,369 2,048
Prepaid expenses and other assets 9,418 29,023
Total Assets 18,694,328 17,792,274
Notes payable:    
Due within one year 7,757,050 8,089,826
Due after one year 8,486,647 7,432,790
Total notes payable 16,243,697 15,522,616
Debt securities of consolidated trusts held by third parties 1,528,957 1,404,945
Financial derivatives, at fair value 19,633 26,599
Accrued interest payable (includes $17,125 and $14,631, respectively, related to consolidated trusts) 96,743 75,402
Guarantee and commitment obligation 38,683 38,400
Accounts payable and accrued expenses 11,891 14,096
Deferred Tax Liabilities, Net 0 0
Reserve for losses 2,167 2,070
Total Liabilities 17,941,771 17,084,128
Commitments and Contingencies (Note 6)
Common stock:    
Additional paid-in capital 118,822 118,979
Accumulated other comprehensive income, net of tax 24,956 51,085
Retained earnings 393,351 322,704
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 752,557 708,146
Total Liabilities and Equity 18,694,328 17,792,274
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 9,138 9,088
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,217,852 2,215,405
Held-to-maturity, at amortized cost 45,032 45,032
Marketable Securities 2,262,884 2,260,437
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 5,974,497 5,471,914
Held-to-maturity, at amortized cost 2,096,618 2,126,274
Marketable Securities 8,071,115 7,598,188
USDA Securities [Member]    
Assets:    
Held-to-maturity, at amortized cost 2,166,174 2,117,850
Trading, at fair value 9,999 13,515
Marketable Securities $ 2,176,173 $ 2,131,365