XML 75 R62.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Derivatives - Schedule of Derivative Instruments in Statement of Financial Position (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Derivative [Line Items]                      
Derivative, Collateral, Obligation to Return Cash $ 700,000               $ 700,000    
Farmer Mac Guaranteed Securities and USDA Securities                 290,953,000 $ 203,796,000 $ 150,281,000
Notional Disclosures [Abstract]                      
Derivative, Notional Amount 9,955,745,000       $ 8,860,296,000       9,955,745,000 8,860,296,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 7,487,000       7,093,000       7,487,000 7,093,000  
Financial derivatives, at fair value (19,633,000)       (26,599,000)       (19,633,000) (26,599,000)  
Derivative, Collateral [Abstract]                      
Collateral Pledged 47,018,000       24,926,000       47,018,000 24,926,000  
Derivative Asset 5,709,000       7,093,000       5,709,000 7,093,000  
Loans                 198,152,000 162,150,000 134,577,000
Total interest expense (104,237,000) $ (97,557,000) $ (91,737,000) $ (76,317,000) (70,088,000) $ (64,935,000) $ (58,316,000) $ (49,546,000) (369,848,000) (242,885,000) (171,626,000)
Gain (Loss) on Derivative Instruments, Net, Pretax                 3,687,000 (753,000) (2,311,000)
TotalAmountsofLineItemsPresentedintheConsolidatedStatementofIncome                 115,570,000 123,814,000 115,543,000
Derivative Liability 27,385,000       1,673,000       27,385,000 1,673,000  
Interest Rate Swap [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount 9,900,000,000       8,800,000,000       9,900,000,000 8,800,000,000  
Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Income_Expense related to interest settlements on fair value hedges                 27,253,000 26,295,000 20,859,000
Gain (Loss) on Fair Value Hedges Recognized in Earnings                 4,941,000 (719,000) 5,043,000
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness                   (320,000) (353,000)
Fair Value Hedging [Member] | Interest Rate Swap [Member]                      
Derivative [Line Items]                      
Gain (Loss) on Components Included from Assessment of Interest Rate Fair Value Hedge Effectiveness                   100,000 (5,200,000)
Derivative, Collateral [Abstract]                      
Derivative Net Interest Settlements                 (6,764,000) (8,845,000) (16,373,000)
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net                   (600,000) (200,000)
Cash Flow Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Premium_Discount recognized on hedged item                 (6,000) (5,000) (1,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax                 316,000 (1,974,000) (2,126,000)
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item                 (9,182,000) (4,133,000) (1,437,000)
Unrealized Gain (Loss) on Cash Flow Hedging Instruments                 (8,872,000) (6,432,000) (3,917,000)
Cash [Member]                      
Derivative [Line Items]                      
Derivative, Collateral, Obligation to Return Cash         0         0  
Derivative, Collateral [Abstract]                      
Obligation to Return Securities Received as Collateral 1,778,000               1,778,000    
Collateral Pledged 0       100,000       0 100,000  
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Hedged Item Net Interest Settlements                 34,685,000 35,485,000 37,232,000
Premium_Discount recognized on hedged item                 (668,000) (345,000) 0
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Swap, Pay Fixed Non-Callable [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount 3,097,084,000       2,086,347,000       3,097,084,000 2,086,347,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 3,004,000       5,240,000       3,004,000 5,240,000  
Financial derivatives, at fair value $ (4,326,000)       $ (5,990,000)       $ (4,326,000) $ (5,990,000)  
Derivative, Average Fixed Interest Rate 2.42%       1.88%       2.42% 1.88%  
Derivative, Average Variable Interest Rate 2.58%       1.40%       2.58% 1.40%  
Derivative, Average Remaining Maturity                 9 years 8 months 29 days 5 years 5 months 17 days  
Designated as Hedging Instrument [Member] | Fair Value Hedging [Member] | Interest Rate Swap, Receive Fixed Non-Callable [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount $ 2,031,200,000       $ 1,559,700,000       $ 2,031,200,000 $ 1,559,700,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 885,000       110,000       885,000 110,000  
Financial derivatives, at fair value $ (4,512,000)       $ (4,033,000)       $ (4,512,000) $ (4,033,000)  
Derivative, Average Fixed Interest Rate 2.49%       1.38%       2.49% 1.38%  
Derivative, Average Variable Interest Rate 1.94%       1.45%       1.94% 1.45%  
Derivative, Average Remaining Maturity                 1 year 8 months 5 days 1 year 8 months 5 days  
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Swap, Pay Fixed Non-Callable [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount $ 373,000,000       $ 365,500,000       $ 373,000,000 $ 365,500,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 2,441,000       1,402,000       2,441,000 1,402,000  
Financial derivatives, at fair value $ (99,000)       $ (138,000)       $ (99,000) $ (138,000)  
Derivative, Average Fixed Interest Rate 2.40%       2.16%       2.40% 2.16%  
Derivative, Average Variable Interest Rate 2.83%       1.74%       2.83% 1.74%  
Derivative, Average Remaining Maturity                 6 years 1 month 12 days 5 years 10 months 3 days  
Not Designated as Hedging Instrument [Member]                      
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Derivative Credit Risk Valuation Adjustment, Derivative Assets $ 60,000       $ 16,000       $ 60,000 $ 16,000  
Derivative Credit Risk Valuation Adjustment, Derivative Liabilities 21,000       56,000       21,000 56,000  
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   (1,792,000) 2,379,000
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Total interest expense                 (10,920,000) (10,200,000) (11,480,000)
Gain (Loss) on Derivative Instruments, Net, Pretax                 (7,206,000) (12,240,000) (9,489,000)
Not Designated as Hedging Instrument [Member] | Interest Rate Swap, Pay Fixed Non-Callable [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount 316,664,000       345,333,000       316,664,000 345,333,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 796,000       339,000       796,000 339,000  
Financial derivatives, at fair value $ (10,399,000)       $ (16,352,000)       $ (10,399,000) $ (16,352,000)  
Derivative, Average Fixed Interest Rate 3.69%       3.79%       3.69% 3.79%  
Derivative, Average Variable Interest Rate 2.52%       1.40%       2.52% 1.40%  
Derivative, Average Remaining Maturity                 6 years 2 months 29 days 6 years 8 months 5 days  
Not Designated as Hedging Instrument [Member] | Interest Rate Swap, Receive Fixed Non-Callable [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount $ 2,347,371,000       $ 3,409,916,000       $ 2,347,371,000 $ 3,409,916,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 0       0       0 0  
Financial derivatives, at fair value $ 0       $ 0       $ 0 $ 0  
Derivative, Average Fixed Interest Rate 2.10%       1.24%       2.10% 1.24%  
Derivative, Average Variable Interest Rate 2.37%       1.25%       2.37% 1.25%  
Derivative, Average Remaining Maturity                 10 months 10 days 11 months  
Not Designated as Hedging Instrument [Member] | Basis Swap [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount $ 1,770,026,000       $ 1,053,500,000       $ 1,770,026,000 $ 1,053,500,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 421,000       18,000       421,000 18,000  
Financial derivatives, at fair value $ (130,000)       $ (106,000)       $ (130,000) $ (106,000)  
Derivative, Average Variable Interest Rate 2.45%       1.33%       2.45% 1.33%  
Derivative, Variable Interest Rate 2.49%       1.42%       2.49% 1.42%  
Derivative, Average Remaining Maturity                 1 year 3 months 7 days 10 months 28 days  
Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   $ 588,000 226,000
Not Designated as Hedging Instrument [Member] | Future [Member]                      
Notional Disclosures [Abstract]                      
Derivative, Notional Amount $ 20,400,000       $ 40,000,000       $ 20,400,000 40,000,000  
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]                      
Financial derivatives, at fair value 0       0       0 0  
Financial derivatives, at fair value $ (188,000)       $ (36,000)       $ (188,000) $ (36,000)  
Derivative, Weighted-Average Forward Price                 $ 121.09 $ 123.96  
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 $ (27,000) $ (340,000) 162,000
Interest Income [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 0    
Interest Income [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Fair Value Hedges Recognized in Earnings                 1,181,000 0 0
Interest Income [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Derivative Net Interest Settlements                 1,861,000 (10,346,000) (15,494,000)
Income_Expense related to interest settlements on fair value hedges                 67,099,000 36,043,000 19,675,000
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness                   0 0
Interest Income [Member] | Cash Flow Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Premium_Discount recognized on hedged item                 0 0 0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax                 0 0 0
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item                 0 0 0
Unrealized Gain (Loss) on Cash Flow Hedging Instruments                 0 0 0
Interest Income [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Hedged Item Net Interest Settlements                 65,238,000 46,389,000 35,169,000
Premium_Discount recognized on hedged item                 0 0 0
Interest Income [Member] | Not Designated as Hedging Instrument [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   0 0
Interest Income [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Total interest expense                 0 0 0
Gain (Loss) on Derivative Instruments, Net, Pretax                 0 0 0
Interest Income [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   0 0
Interest Income [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 0 0 0
Loans and Finance Receivables [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 0    
Loans and Finance Receivables [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Fair Value Hedges Recognized in Earnings                 (212,000) 0 0
Loans and Finance Receivables [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Derivative Net Interest Settlements                 (630,000) (1,141,000) (1,011,000)
Income_Expense related to interest settlements on fair value hedges                 5,654,000 2,238,000 1,052,000
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness                   0 0
Loans and Finance Receivables [Member] | Cash Flow Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Premium_Discount recognized on hedged item                 0 0 0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax                 0 0 0
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item                 0 0 0
Unrealized Gain (Loss) on Cash Flow Hedging Instruments                 0 0 0
Loans and Finance Receivables [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Hedged Item Net Interest Settlements                 6,284,000 3,379,000 2,063,000
Premium_Discount recognized on hedged item                 0 0 0
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   0 0
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Total interest expense                 0 0 0
Gain (Loss) on Derivative Instruments, Net, Pretax                 0 0 0
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   0 0
Loans and Finance Receivables [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 0 0 0
Interest Expense [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 0    
Interest Expense [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Fair Value Hedges Recognized in Earnings                 3,972,000 0 0
Interest Expense [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Derivative Net Interest Settlements                 (7,995,000) 2,642,000 132,000
Income_Expense related to interest settlements on fair value hedges                 (45,500,000) (11,986,000) 132,000
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness                   0 0
Interest Expense [Member] | Cash Flow Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Premium_Discount recognized on hedged item                 (6,000) (5,000) (1,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax                 316,000 (1,974,000) (2,126,000)
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item                 (9,182,000) (4,133,000) (1,437,000)
Unrealized Gain (Loss) on Cash Flow Hedging Instruments                 (8,872,000) (6,112,000) (3,564,000)
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Hedged Item Net Interest Settlements                 (36,837,000) (14,283,000) 0
Premium_Discount recognized on hedged item                 (668,000) (345,000) 0
Interest Expense [Member] | Not Designated as Hedging Instrument [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   0 0
Interest Expense [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Total interest expense                 0 0 0
Gain (Loss) on Derivative Instruments, Net, Pretax                 0 0 0
Interest Expense [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   0 0
Interest Expense [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 0 0 0
Gain (Loss) on Derivative Instruments [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 3,687,000 (1,792,000) 2,379,000
Gain (Loss) on Derivative Instruments [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Derivative Net Interest Settlements                 0 0 0
Income_Expense related to interest settlements on fair value hedges                 0 0 0
Gain (Loss) on Fair Value Hedges Recognized in Earnings                 0 (719,000) 5,043,000
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness                   (320,000) (353,000)
Gain (Loss) on Derivative Instruments [Member] | Cash Flow Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Premium_Discount recognized on hedged item                 0 0 0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax                 0 0 0
Derivative Net Hedge Ineffectiveness Gain Loss Component Recognized On Hedged Item                 0 0 0
Unrealized Gain (Loss) on Cash Flow Hedging Instruments                 0 (320,000) (353,000)
Gain (Loss) on Derivative Instruments [Member] | Designated as Hedging Instrument [Member] | Fair Value Hedging [Member]                      
Derivative, Collateral [Abstract]                      
Hedged Item Net Interest Settlements                 0 0 0
Premium_Discount recognized on hedged item                 0 0 0
Gain (Loss) on Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]                      
Derivative, Collateral [Abstract]                      
Total interest expense                 (10,920,000) (10,200,000) (11,480,000)
Gain (Loss) on Derivative Instruments, Net, Pretax                 (7,206,000) (12,240,000) (9,489,000)
Gain (Loss) on Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Forward Contracts [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                   588,000 226,000
Gain (Loss) on Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Future [Member]                      
Derivative, Collateral [Abstract]                      
Gain (Loss) on Derivative Instruments, Net, Pretax                 $ (27,000) $ (340,000) $ 162,000