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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Assets:  
Cash and cash equivalents$ 825,014$ 729,920
Loans:  
Loans held for sale, at lower of cost or fair value479,6901,212,065
Loans held for investment, at amortized cost1,189,22490,674
Loans held for investment in consolidated trusts, at amortized cost1,138,3171,265,663
Allowance for loan losses(10,699)(9,803)
Total loans, net of allowance2,796,5322,558,599
Real estate owned, at lower of cost or fair value3,8981,992
Financial derivatives, at fair value46,25441,492
Interest receivable79,57990,295
Guarantee and commitment fees receivable30,24734,752
Deferred tax asset, net014,530
Prepaid expenses and other assets9,70820,297
Total Assets11,430,5079,479,914
Notes payable:  
Due within one year5,831,2594,509,419
Due after one year4,060,3823,430,656
Total notes payable9,891,6417,940,075
Debt securities of consolidated trusts held by third parties713,546827,411
Financial derivatives, at fair value166,633113,687
Accrued interest payable48,99857,131
Guarantee and commitment obligation26,90330,308
Accounts payable and accrued expenses26,86322,113
Deferred tax liability, net1,8710
Reserve for losses6,99110,312
Total Liabilities10,883,4469,001,037
Commitments and Contingencies (Note 5)  
Preferred stock:  
Series C, par value $1,000 per share, 100,000 shares authorized, 57,578 shares issued and outstanding57,57857,578
Common stock:  
Additional paid-in capital101,809100,050
Accumulated other comprehensive income85,71518,275
Retained earnings49,74950,837
Total Stockholders' Equity305,208237,024
Non-controlling interest - preferred stock241,853241,853
Total Equity547,061478,877
Total Liabilities and Equity11,430,5079,479,914
Common Stock, Class A Voting
  
Common stock:  
Common stock1,0311,031
Common stock, Class B Voting
  
Common stock:  
Common stock500500
Common stock, Class C Non-Voting
  
Common stock:  
Common stock8,8268,753
Investment Securities
  
Loans:  
Available-for-sale, at fair value1,830,1551,677,233
Trading, at fair value82,72286,096
Total securities1,912,8771,763,329
Farmer Mac Guaranteed Securities
  
Loans:  
Available-for-sale, at fair value4,300,0002,907,264
USDA Guaranteed Securities
  
Loans:  
Available-for-sale, at fair value1,193,0151,005,679
Trading, at fair value233,383311,765
Total securities$ 1,426,398$ 1,317,444