CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets:
Cash and cash equivalents	$ 899,052	$ 1,033,941
Loans:
Loans held for sale, at lower of cost or fair value	301,551	0
Loans held for investment in consolidated trusts, at amortized cost	7,758,286	7,261,933
Loans held for investment in consolidated trusts, at amortized cost	977,372	1,287,045
Allowance for losses	(14,294)	(13,832)
Total loans, net of allowance	9,022,915	8,535,146
Financial derivatives, at fair value	15,668	17,468
Interest receivable (includes $7,400 and $16,401, respectively, related to consolidated trusts)	144,078	186,429
Guarantee and commitment fees receivable	39,038	37,113
Deferred tax asset, net	11,084	18,321
Prepaid expenses and other assets	21,822	24,545
Total Assets	24,744,368	24,355,501
Liabilities:
Notes payable	22,365,121	21,848,917
Debt securities of consolidated trusts held by third parties	990,961	1,323,786
Financial derivatives, at fair value	25,633	29,892
Accrued interest payable (includes $9,353 and $18,018, respectively, related to consolidated trusts)	83,263	92,738
Guarantee and commitment obligation	37,526	35,535
Accounts payable and accrued expenses	42,566	28,879
Reserve for losses	2,000	3,277
Total Liabilities	23,547,070	23,363,024
Commitments and Contingencies
Common stock:
Additional paid-in capital	124,942	122,899
Accumulated other comprehensive income/(loss), net of tax	18,206	(13,923)
Retained earnings	558,853	509,560
Total Equity	1,197,298	992,477
Total Liabilities and Equity	24,744,368	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	9,235	9,206
Investment securities:
Assets:
Available-for-sale, at fair value	3,696,204	3,853,692
Held-to-maturity, at amortized cost	45,032	45,032
Other investments	403	0
Total Securities	3,741,639	3,898,724
Farmer Mac Guaranteed Securities:
Assets:
Available-for-sale, at fair value	6,138,759	6,947,701
Held-to-maturity, at amortized cost	2,248,303	1,175,792
Total Securities	8,387,062	8,123,493
USDA Securities:
Assets:
Held-to-maturity, at amortized cost	2,457,217	2,473,626
Trading, at fair value	4,793	6,695
Total Securities	$ 2,462,010	$ 2,480,321