CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and cash equivalents	$ 909,430	$ 908,785
Loans:
Loans held for investment, at amortized cost	8,911,475	8,314,096
Loans held for investment in consolidated trusts, at amortized cost	834,941	948,623
Allowance for losses	(12,403)	(14,041)
Total loans, net of allowance	9,734,013	9,248,678
Financial derivatives, at fair value	30,011	19,139
Interest receivable (includes $7,664 and $10,418, respectively, related to consolidated trusts)	177,956	177,355
Guarantee and commitment fees receivable	44,388	45,538
Deferred tax asset, net	25,971	15,558
Prepaid expenses and other assets	129,267	45,318
Total Assets	25,916,403	25,145,491
Liabilities:
Notes payable	23,474,095	22,716,156
Debt securities of consolidated trusts held by third parties	866,107	981,379
Financial derivatives, at fair value	127,983	34,248
Accrued interest payable (includes $9,353 and $18,018, respectively, related to consolidated trusts)	93,823	83,992
Guarantee and commitment obligation	42,990	43,926
Accounts payable and accrued expenses	97,380	79,427
Reserve for losses	1,677	1,950
Total Liabilities	24,704,055	23,941,078
Commitments and Contingencies
Common stock:
Additional paid-in capital	127,569	125,993
Accumulated other comprehensive (loss)/income, net of tax	(49,484)	3,853
Retained earnings	638,935	579,270
Total Equity	1,212,348	1,204,413
Total Liabilities and Equity	25,916,403	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	9,266	9,235
Investment securities:
Assets:
Available-for-sale, at fair value	4,246,012	3,836,391
Held-to-maturity, at amortized cost	45,032	44,970
Other investments	1,537	1,229
Total Securities	4,292,581	3,882,590
Farmer Mac Guaranteed Securities:
Assets:
Available-for-sale, at fair value	6,450,212	6,328,559
Held-to-maturity, at amortized cost	1,689,469	2,033,239
Total Securities	8,139,681	8,361,798
USDA Securities:
Assets:
Held-to-maturity, at amortized cost	2,430,830	2,436,331
Trading, at fair value	2,275	4,401
Total Securities	$ 2,433,105	$ 2,440,732