CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 890,046	$ 908,785
Loans:
Loans held for sale, at lower of cost or fair value	9,000	0
Loans held for investment, at amortized cost	8,481,310	8,314,096
Loans held for investment in consolidated trusts, at amortized cost	888,200	948,623
Allowance for losses	(13,570)	(14,041)
Total loans, net of allowance	9,364,940	9,248,678
Financial derivatives, at fair value	26,329	19,139
Interest receivable (includes $5,679 and $10,418, respectively, related to consolidated trusts)	148,228	177,355
Guarantee and commitment fees receivable	45,021	45,538
Deferred tax asset, net	24,910	15,558
Prepaid expenses and other assets	102,199	45,318
Total Assets	25,789,414	25,145,491
Liabilities:
Notes payable	23,039,967	22,716,156
Debt securities of consolidated trusts held by third parties	895,145	981,379
Financial derivatives, at fair value	105,574	34,248
Accrued interest payable (includes $9,353 and $18,018, respectively, related to consolidated trusts)	89,761	83,992
Guarantee and commitment obligation	43,285	43,926
Accounts payable and accrued expenses	420,998	79,427
Reserve for losses	1,840	1,950
Total Liabilities	24,596,570	23,941,078
Commitments and Contingencies
Common stock:
Additional paid-in capital	127,103	125,993
Accumulated other comprehensive (loss)/income, net of tax	(39,665)	3,853
Retained earnings	610,087	579,270
Total Equity	1,192,844	1,204,413
Total Liabilities and Equity	25,789,414	25,145,491
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	121,327
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	9,257	9,235
Investment securities:
Assets:
Available-for-sale, at fair value	4,195,314	3,836,391
Held-to-maturity, at amortized cost	44,970	44,970
Other investments	1,504	1,229
Total Securities	4,241,788	3,882,590
Farmer Mac Guaranteed Securities:
Assets:
Available-for-sale, at fair value	6,600,246	6,328,559
Held-to-maturity, at amortized cost	1,906,218	2,033,239
Total Securities	8,506,464	8,361,798
USDA Securities:
Assets:
Held-to-maturity, at amortized cost	2,436,103	2,436,331
Trading, at fair value	3,386	4,401
Total Securities	$ 2,439,489	$ 2,440,732