CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 828,403	$ 1,033,941
Other investments	403	0
Loans:
Loans held for investment in consolidated trusts, at amortized cost	7,796,712	7,261,933
Loans held for investment in consolidated trusts, at amortized cost	1,077,993	1,287,045
Allowance for losses	(14,000)	(13,832)
Total loans, net of allowance	8,860,705	8,535,146
Financial derivatives, at fair value	16,224	17,468
Interest receivable (includes $11,197 and $16,401, respectively, related to consolidated trusts)	161,282	186,429
Guarantee and commitment fees receivable	37,261	37,113
Deferred tax asset, net	10,200	18,321
Prepaid expenses and other assets	20,573	24,545
Total Assets	24,181,245	24,355,501
Liabilities:
Notes payable	21,706,254	21,848,917
Debt securities of consolidated trusts held by third parties	1,120,293	1,323,786
Financial derivatives, at fair value	24,347	29,892
Accrued interest payable (includes $9,353 and $18,018, respectively, related to consolidated trusts)	82,060	92,738
Guarantee and commitment obligation	35,827	35,535
Accounts payable and accrued expenses	30,138	28,879
Reserve for losses	2,111	3,277
Total Liabilities	23,001,030	23,363,024
Commitments and Contingencies
Common stock:
Additional paid-in capital	124,148	122,899
Accumulated other comprehensive income/(loss), net of tax	16,733	(13,923)
Retained earnings	544,038	509,560
Total Equity	1,180,215	992,477
Total Liabilities and Equity	24,181,245	24,355,501
Series C
Preferred stock:
Preferred stock	73,382	73,382
Series D
Preferred stock:
Preferred stock	96,659	96,659
Series E
Preferred stock:
Preferred stock	77,003	77,003
Series F
Preferred stock:
Preferred stock	116,160	116,160
Series G
Preferred stock:
Preferred stock	121,327	0
Class A voting common stock
Common stock:
Common Stock	1,031	1,031
Class B voting common stock
Common stock:
Common Stock	500	500
Class C non-voting common stock
Common stock:
Common Stock	9,234	9,206
Investment securities:
Assets:
Available-for-sale, at fair value	3,832,232	3,853,692
Held-to-maturity, at amortized cost	45,032	45,032
Total Securities	3,877,667	3,898,724
Farmer Mac Guaranteed Securities:
Assets:
Available-for-sale, at fair value	6,877,405	6,947,701
Held-to-maturity, at amortized cost	1,040,757	1,175,792
Total Securities	7,918,162	8,123,493
USDA Securities:
Assets:
Held-to-maturity, at amortized cost	2,445,718	2,473,626
Trading, at fair value	5,050	6,695
Total Securities	$ 2,450,768	$ 2,480,321