XML 47 R78.htm IDEA: XBRL DOCUMENT v3.20.1
Business Segment Reporting - Core Earnings - Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Segment Reporting Information, Profit (Loss) [Abstract]      
Net interest income $ 41,312 $ 40,599  
Less: reconciling adjustments 0 0  
Net effective spread 0 0  
Guarantee and commitment fees 3,196 3,513  
Other income/(expense) (7,891) 177  
Non-interest income/(loss) (4,695) 3,690  
(Provision for)/release of losses (3,438) 264  
Provision for reserve for losses (393) 129  
Other non-interest expense (16,215) (12,890)  
Non-interest expense (16,608) (12,761)  
Core earnings before income taxes 16,571 31,792  
Income tax (expense)/benefit (3,741) (6,622)  
Core earnings before preferred stock dividends 12,830 25,170  
Preferred stock dividends (3,431) (3,296)  
Segment core earnings/(losses) 9,399 21,874  
Total assets at carrying value 23,180,110 19,797,777 $ 21,709,374
Total on- and off-balance sheet program assets at principal balance 21,539,312 20,506,913  
Corporate      
Segment Reporting Information, Profit (Loss) [Abstract]      
Net interest income 1,855 2,962  
Less: reconciling adjustments 123 (468)  
Net effective spread 1,978 2,494  
Guarantee and commitment fees 0 0  
Other income/(expense) (129) 22  
Non-interest income/(loss) (129) 22  
(Provision for)/release of losses (14) 0  
Provision for reserve for losses 0 0  
Other non-interest expense (4,433) (3,638)  
Non-interest expense (4,433) (3,638)  
Core earnings before income taxes (2,598) (1,122)  
Income tax (expense)/benefit 283 290  
Core earnings before preferred stock dividends (2,315) (832)  
Preferred stock dividends (3,431) (3,296)  
Segment core earnings/(losses) (5,746) (4,128)  
Total assets at carrying value 4,367,223 2,962,154  
Total on- and off-balance sheet program assets at principal balance 0 0  
Reconciling Adjustments      
Segment Reporting Information, Profit (Loss) [Abstract]      
Net interest income 0 0  
Less: reconciling adjustments (2,851) 1,798  
Net effective spread (2,851) 1,798  
Guarantee and commitment fees (1,700) (1,906)  
Other income/(expense) (9,050) (332)  
Non-interest income/(loss) (10,750) (2,238)  
(Provision for)/release of losses 0 0  
Provision for reserve for losses 0 0  
Other non-interest expense 0 0  
Non-interest expense 0 0  
Core earnings before income taxes (13,601) (440)  
Income tax (expense)/benefit 2,857 93  
Core earnings before preferred stock dividends (10,744) (347)  
Preferred stock dividends 0 0  
Segment core earnings/(losses) (10,744) (347)  
Total assets at carrying value 0 0  
Total on- and off-balance sheet program assets at principal balance 0 0  
Farm & Ranch      
Segment Reporting Information, Profit (Loss) [Abstract]      
(Provision for)/release of losses (808)    
Provision for reserve for losses (4) 129  
Farm & Ranch | Operating Segments      
Segment Reporting Information, Profit (Loss) [Abstract]      
Net interest income 16,365 15,282  
Less: reconciling adjustments (1,427) (2,545)  
Net effective spread 14,938 12,737  
Guarantee and commitment fees 4,317 4,744  
Other income/(expense) 1,169 480  
Non-interest income/(loss) 5,486 5,224  
(Provision for)/release of losses (808) 264  
Provision for reserve for losses (4) 129  
Other non-interest expense (5,997) (4,799)  
Non-interest expense (6,001) (4,670)  
Core earnings before income taxes 13,615 13,555  
Income tax (expense)/benefit (2,859) (2,847)  
Core earnings before preferred stock dividends 10,756 10,708  
Preferred stock dividends 0 0  
Segment core earnings/(losses) 10,756 10,708  
Total assets at carrying value 5,457,134 4,698,250  
Total on- and off-balance sheet program assets at principal balance 7,811,594 7,215,585  
USDA Guarantees | Operating Segments      
Segment Reporting Information, Profit (Loss) [Abstract]      
Net interest income 4,541 4,442  
Less: reconciling adjustments 84 (478)  
Net effective spread 4,625 3,964  
Guarantee and commitment fees 235 224  
Other income/(expense) 112 0  
Non-interest income/(loss) 347 224  
(Provision for)/release of losses 0 0  
Provision for reserve for losses 0 0  
Other non-interest expense (1,818) (1,428)  
Non-interest expense (1,818) (1,428)  
Core earnings before income taxes 3,154 2,760  
Income tax (expense)/benefit (662) (580)  
Core earnings before preferred stock dividends 2,492 2,180  
Preferred stock dividends 0 0  
Segment core earnings/(losses) 2,492 2,180  
Total assets at carrying value 2,341,698 2,191,896  
Total on- and off-balance sheet program assets at principal balance 2,646,206 2,484,779  
Rural  Utilities      
Segment Reporting Information, Profit (Loss) [Abstract]      
(Provision for)/release of losses (2,125)    
Provision for reserve for losses (389) 0  
Rural  Utilities | Operating Segments      
Segment Reporting Information, Profit (Loss) [Abstract]      
Net interest income 4,747 (274)  
Less: reconciling adjustments 173 3,507  
Net effective spread 4,920 3,233  
Guarantee and commitment fees 335 363  
Other income/(expense) 7 7  
Non-interest income/(loss) 342 370  
(Provision for)/release of losses (2,125) 0  
Provision for reserve for losses (389) 0  
Other non-interest expense (1,604) (866)  
Non-interest expense (1,993) (866)  
Core earnings before income taxes 1,144 2,737  
Income tax (expense)/benefit (240) (575)  
Core earnings before preferred stock dividends 904 2,162  
Preferred stock dividends 0 0  
Segment core earnings/(losses) 904 2,162  
Total assets at carrying value 1,964,901 1,443,393  
Total on- and off-balance sheet program assets at principal balance 2,385,411 2,074,714  
Institutional Credit | Operating Segments      
Segment Reporting Information, Profit (Loss) [Abstract]      
Net interest income 13,804 18,187  
Less: reconciling adjustments 3,898 (1,814)  
Net effective spread 17,702 16,373  
Guarantee and commitment fees 9 88  
Other income/(expense) 0 0  
Non-interest income/(loss) 9 88  
(Provision for)/release of losses (491) 0  
Provision for reserve for losses 0 0  
Other non-interest expense (2,363) (2,159)  
Non-interest expense (2,363) (2,159)  
Core earnings before income taxes 14,857 14,302  
Income tax (expense)/benefit (3,120) (3,003)  
Core earnings before preferred stock dividends 11,737 11,299  
Preferred stock dividends 0 0  
Segment core earnings/(losses) 11,737 11,299  
Total assets at carrying value 9,049,154 8,502,084  
Total on- and off-balance sheet program assets at principal balance $ 8,696,101 $ 8,731,835