XML 82 R71.htm IDEA: XBRL DOCUMENT v3.21.1
Business Segment Reporting - Core Earnings (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information, Profit (Loss) [Abstract]        
Net interest income $ 53,251 $ 41,312    
Less: reconciling adjustments 0 0    
Net effective spread 0 0    
Guarantee and commitment fees 3,030 3,196    
Other income/(expense) 4,863 (7,891)    
Non-interest income/(loss) 7,893 (4,695)    
Release of/(provision for) losses (913) (3,438)    
Release of reserve for losses 944 (393)    
Other non-interest expense (18,881) (16,215)    
Non-interest expense (17,937) (16,608)    
Core earnings before income taxes 42,294 16,571    
Income tax (expense)/benefit (9,067) (3,741)    
Core earnings before preferred stock dividends 33,227 12,830    
Preferred stock dividends (5,269) (3,431)    
Segment core earnings 27,958 9,399    
Total assets at carrying value 24,013,911 23,180,110 $ 24,013,911 $ 24,355,501
Total on- and off-balance sheet program assets at principal balance   21,539,312 $ 21,862,531  
Corporate        
Segment Reporting Information, Profit (Loss) [Abstract]        
Net interest income 2,535 1,855    
Less: reconciling adjustments 156 123    
Net effective spread 2,691 1,978    
Guarantee and commitment fees 0 0    
Other income/(expense) (123) (129)    
Non-interest income/(loss) (123) (129)    
Release of/(provision for) losses (25) (14)    
Release of reserve for losses 0 0    
Other non-interest expense (5,152) (4,433)    
Non-interest expense (5,152) (4,433)    
Core earnings before income taxes (2,609) (2,598)    
Income tax (expense)/benefit 365 283    
Core earnings before preferred stock dividends (2,244) (2,315)    
Preferred stock dividends (5,269) (3,431)    
Segment core earnings (7,513) (5,746)    
Total assets at carrying value 4,923,589 4,367,223    
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 (608) (2,851)    
Net effective spread (608) (2,851)    
Guarantee and commitment fees (1,210) (1,700)    
Other income/(expense) 4,412 (9,050)    
Non-interest income/(loss) 3,202 (10,750)    
Release of/(provision for) losses 0 0    
Release of reserve for losses 0 0    
Other non-interest expense 0 0    
Non-interest expense 0 0    
Core earnings before income taxes 2,594 (13,601)    
Income tax (expense)/benefit (547) 2,857    
Core earnings before preferred stock dividends 2,047 (10,744)    
Preferred stock dividends 0 0    
Segment core earnings 2,047 (10,744)    
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]        
Release of/(provision for) losses 27 (808)    
Release of reserve for losses 731 (4)    
Farm & Ranch | Operating Segments        
Segment Reporting Information, Profit (Loss) [Abstract]        
Net interest income 21,855 16,365    
Less: reconciling adjustments (401) (1,427)    
Net effective spread 21,454 14,938    
Guarantee and commitment fees 3,733 4,317    
Other income/(expense) 404 1,169    
Non-interest income/(loss) 4,137 5,486    
Release of/(provision for) losses 27 (808)    
Release of reserve for losses 731 (4)    
Other non-interest expense (6,549) (5,997)    
Non-interest expense (5,818) (6,001)    
Core earnings before income taxes 19,800 13,615    
Income tax (expense)/benefit (4,158) (2,859)    
Core earnings before preferred stock dividends 15,642 10,756    
Preferred stock dividends 0 0    
Segment core earnings 15,642 10,756    
Total assets at carrying value 6,395,438 5,457,134    
Total on- and off-balance sheet program assets at principal balance 8,629,352 7,811,594    
USDA Guarantees | Operating Segments        
Segment Reporting Information, Profit (Loss) [Abstract]        
Net interest income 5,689 4,541    
Less: reconciling adjustments 678 84    
Net effective spread 6,367 4,625    
Guarantee and commitment fees 183 235    
Other income/(expense) 169 112    
Non-interest income/(loss) 352 347    
Release of/(provision for) losses 0 0    
Release of reserve for losses 0 0    
Other non-interest expense (2,533) (1,818)    
Non-interest expense (2,533) (1,818)    
Core earnings before income taxes 4,186 3,154    
Income tax (expense)/benefit (879) (662)    
Core earnings before preferred stock dividends 3,307 2,492    
Preferred stock dividends 0 0    
Segment core earnings 3,307 2,492    
Total assets at carrying value 2,557,412 2,341,698    
Total on- and off-balance sheet program assets at principal balance 2,787,065 2,646,206    
Rural Utilities        
Segment Reporting Information, Profit (Loss) [Abstract]        
Release of/(provision for) losses (1,002) (2,125)    
Release of reserve for losses 213 (389)    
Rural Utilities | Operating Segments        
Segment Reporting Information, Profit (Loss) [Abstract]        
Net interest income 7,649 4,747    
Less: reconciling adjustments (975) 173    
Net effective spread 6,674 4,920    
Guarantee and commitment fees 319 335    
Other income/(expense) 1 7    
Non-interest income/(loss) 320 342    
Release of/(provision for) losses (1,002) (2,125)    
Release of reserve for losses 213 (389)    
Other non-interest expense (2,057) (1,604)    
Non-interest expense (1,844) (1,993)    
Core earnings before income taxes 4,148 1,144    
Income tax (expense)/benefit (871) (240)    
Core earnings before preferred stock dividends 3,277 904    
Preferred stock dividends 0 0    
Segment core earnings 3,277 904    
Total assets at carrying value 2,207,810 1,964,901    
Total on- and off-balance sheet program assets at principal balance 2,804,437 2,385,411    
Institutional Credit | Operating Segments        
Segment Reporting Information, Profit (Loss) [Abstract]        
Net interest income 15,523 13,804    
Less: reconciling adjustments 1,150 3,898    
Net effective spread 16,673 17,702    
Guarantee and commitment fees 5 9    
Other income/(expense) 0 0    
Non-interest income/(loss) 5 9    
Release of/(provision for) losses 87 (491)    
Release of reserve for losses 0 0    
Other non-interest expense (2,590) (2,363)    
Non-interest expense (2,590) (2,363)    
Core earnings before income taxes 14,175 14,857    
Income tax (expense)/benefit (2,977) (3,120)    
Core earnings before preferred stock dividends 11,198 11,737    
Preferred stock dividends 0 0    
Segment core earnings 11,198 11,737    
Total assets at carrying value 7,929,662 9,049,154    
Total on- and off-balance sheet program assets at principal balance $ 7,641,677 $ 8,696,101