XML 86 R75.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revision of Prior Period Financial Statements - Schedule of Revised Consolidated Statements of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:                
Farmer Mac Guaranteed Securities and USDA Securities $ 74,695     $ 42,339     $ 169,231 $ 127,976
Total interest income 193,790     108,383     449,121 323,714
Net interest income 67,853     58,916     197,305 168,115
Non-interest income/(expense):                
Gains/(losses) on financial derivatives 772     (888)     21,551 2,581
Non-interest income 4,192     3,250     33,272 14,855
Income before income taxes 52,049     44,693     170,461 129,586
Income tax expense 10,631     9,388     35,735 27,350
Net income 41,418 $ 41,855 $ 51,453 35,305 $ 28,863 $ 38,069 134,726 102,236
Net income attributable to common stockholders $ 34,627     28,531     $ 114,352 84,351
As previously Reported                
Interest income:                
Farmer Mac Guaranteed Securities and USDA Securities       38,428       123,246
Total interest income       104,472       318,984
Net interest income       55,005       163,385
Non-interest income/(expense):                
Gains/(losses) on financial derivatives       (2,347)       (1,120)
Non-interest income       1,791       11,154
Income before income taxes       39,323       121,155
Income tax expense       8,260       25,579
Net income   45,896 47,837 31,063 31,286 33,227   95,576
Net income attributable to common stockholders       24,289       77,691
Adjustments                
Interest income:                
Farmer Mac Guaranteed Securities and USDA Securities       3,911       4,730
Total interest income       3,911       4,730
Net interest income       3,911       4,730
Non-interest income/(expense):                
Gains/(losses) on financial derivatives       1,459       3,701
Non-interest income       1,459       3,701
Income before income taxes       5,370       8,431
Income tax expense       1,128       1,771
Net income   $ (4,041) $ 3,616 4,242 $ (2,423) $ 4,842   6,660
Net income attributable to common stockholders       $ 4,242       $ 6,660