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Quarterly Financial Information (Unaudited) - QUARTERLY FINANCIAL INFOMRATION (UNAUDITED)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Additional Financial Information Disclosure [Text Block]
15.
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Table 15.1
 
2018 Quarter Ended
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
(in thousands, except per share amounts)
Interest income:
 
 
 
 
 
 
 
Interest income
$
146,453

 
$
142,615

 
$
135,670

 
$
119,546

Interest expense
104,237

 
97,557

 
91,737

 
76,317

Net interest income
42,216

 
45,058

 
43,933

 
43,229

Provision for loan losses
(146
)
 
(99
)
 
(424
)
 
431

Net interest income after provision for loan losses
42,070

 
44,959

 
43,509

 
43,660

Non-interest income:
 

 
 

 
 

 
 

Guarantee and commitment fees
3,506

 
3,490

 
3,481

 
3,499

(Losses)/gains on financial derivatives
(2,999
)
 
628

 
2,534

 
(3,850
)
Gains/(losses) on trading assets
57

 
(3
)
 
11

 
16

(Losses)/gains on sale of real estate owned

 
(41
)
 
34

 

Other income
118

 
365

 
320

 
574

Non-interest income
682

 
4,439

 
6,380

 
239

Non-interest expense
13,703

 
11,650

 
12,921

 
11,642

Income before income taxes
29,049

 
37,748

 
36,968

 
32,257

Income tax expense
6,193

 
7,979

 
7,332

 
6,438

Net income
22,856

 
29,769

 
29,636

 
25,819

Net income attributable to Farmer Mac
22,856

 
29,769

 
29,636

 
25,819

Preferred stock dividends
(3,296
)
 
(3,295
)
 
(3,296
)
 
(3,295
)
Net income attributable to common stockholders
$
19,560

 
$
26,474

 
$
26,340

 
$
22,524

 
 
 
 
 
 
 
 
Earnings per common share:
 

 
 

 
 

 
 

Basic earnings per common share
$
1.84

 
$
2.48

 
$
2.47

 
$
2.12

Diluted earnings per common share
$
1.82

 
$
2.46

 
$
2.45

 
$
2.10


 
2017 Quarter Ended
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
(in thousands, except per share amounts)
Interest income:
 
 
 
 
 
 
 
Interest income
$
111,371

 
$
104,497

 
$
98,047

 
$
86,617

Interest expense
70,088

 
64,935

 
58,316

 
49,546

Net interest income
41,283

 
39,562

 
39,731

 
37,071

Provision for loan losses
(474
)
 
(270
)
 
(327
)
 
(637
)
Net interest income after provision for loan losses
40,809

 
39,292

 
39,404

 
36,434

Non-interest income/(loss):
 
 
 
 
 
 
 

Guarantee and commitment fees
3,484

 
3,314

 
3,472

 
3,844

(Losses)/gains on financial derivatives
(1,777
)
 
661

 
(617
)
 
2,486

Gains/(losses) on trading assets
60

 

 
(2
)
 
(82
)
Gains on sale of available-for-sale investment securities

 
89

 

 

Gains/(losses) on sale of real estate owned
964

 
32

 
757

 
(5
)
Other (loss)/income
(58
)
 
203

 
134

 
553

Non-interest income
2,673

 
4,299

 
3,744

 
6,796

Non-interest expense
10,210

 
10,616

 
11,390

 
10,549

Income before income taxes
33,272

 
32,975

 
31,758

 
32,681

Income tax expense
13,266

 
11,193

 
11,124

 
10,786

Net income
20,006

 
21,782

 
20,634

 
21,895

Less: Net loss attributable to non-controlling
interest

 

 
150

 
15

Net income attributable to Farmer Mac
20,006

 
21,782

 
20,784

 
21,910

Preferred stock dividends
(3,296
)
 
(3,295
)
 
(3,296
)
 
(3,295
)
Net income attributable to common stockholders
$
16,710

 
$
18,487

 
$
17,488

 
$
18,615

 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 

Basic earnings per common share
$
1.57

 
$
1.74

 
$
1.65

 
$
1.76

Diluted earnings per common share
$
1.55

 
$
1.71

 
$
1.62

 
$
1.73