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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 384,123 $ 749,313
Securities Purchased under Agreements to Resell 1,640,686 0
Loans:    
Loans Held for Investment, at amortized cost 2,671,451 2,570,125
Loans held for investment in consolidated trust, at amortized cost 668,736 629,989
Allowance for loan losses (5,770) (6,866)
Total loans, net of allowance 3,334,417 3,193,248
Real estate owned, at lower of cost or fair value 1,182 2,617
Financial derivatives Assets, at fair value 7,318 19,718
Interest receivable 94,288 107,201
Guarantee and commitment fees receivable 43,477 43,904
Deferred Tax Assets, Net 40,545 44,045
Prepaid expenses and other assets 30,184 14,046
Total Assets 14,670,102 13,361,780
Notes payable:    
Due within one year 6,265,018 7,338,781
Due after one year 5,401,118 5,001,169
Total notes payable 11,666,136 12,339,950
Security Sold, Not yet Purchased 1,673,532 0
Debt securities of consolidated trusts held by third parties 377,518 261,760
Financial derivatives Liability, at fair value 78,296 75,708
Accrued interest payable 49,587 53,772
Guarantee and commitment obligation 39,503 39,667
Accounts payable and accrued expenses 7,661 9,986
Reserve for losses 5,595 6,468
Total Liabilities 13,897,828 12,787,311
Commitments and Contingencies (Note 6)      
Common stock:    
Additional paid-in capital 111,958 110,722
Accumulated other comprehensive income, net of tax, related to available-for-sale securities 21,923 (16,202)
Retained earnings 186,842 168,877
Total Stockholders' Equity 536,421 332,616
Non-controlling interest - preferred stock 235,853 241,853
Total Equity 772,274 574,469
Total Liabilities and Equity 14,670,102 13,361,780
Series A Preferred Stock [Member]
   
Preferred stock:    
Preferred Stock 58,333 58,333
Series B Preferred Stock [Member]
   
Preferred stock:    
Preferred Stock 73,061 0
Series C Preferred Stock [Member]
   
Preferred stock:    
Preferred Stock 73,380 0
Common Class A, Voting [Member]
   
Common stock:    
Common stock 1,031 1,031
Common Class B, Voting [Member]
   
Common stock:    
Common stock 500 500
Common Class C, Non-Voting [Member]
   
Common stock:    
Common stock 9,393 9,355
Investment Securities [Member]
   
Assets:    
Available-for-sale, at fair value 2,315,963 2,483,147
Trading, at fair value 880 928
Marketable Securities 2,316,843 2,484,075
Farmer Mac Guaranteed Securities [Member]
   
Assets:    
Available-for-sale, at fair value 3,437,556 5,091,600
Held-to-maturity Securities 1,656,454 0
Marketable Securities 5,094,010 5,091,600
USDA Securities [Member]
   
Assets:    
Available-for-sale, at fair value 1,636,930 1,553,669
Trading, at fair value 46,099 58,344
Marketable Securities $ 1,683,029 $ 1,612,013