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