Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

Table 15.1

	2014 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	58,199		$	60,882		$	61,775		$	49,718
Interest expense	44,606			48,886			42,502			34,726
Net interest income	13,593			11,996			19,273			14,992
Release of /(provision for) loan losses	462			(511		)	1,583			(573		)
Net interest income after release of/(provision for) loan losses	14,055			11,485			20,856			14,419
Non-interest income/(loss):
Guarantee and commitment fees	6,094			6,172			6,403			6,518
(Losses)/gains on financial derivatives and hedging activities	(9,178		)	808			(5,698		)	(7,578		)
Gains on trading assets	13,857			16,369			7,748			655
(Losses)/gains on sale of available-for-sale investment securities	—			(396		)	143			15
(Losses)/gains on sale of real estate owned	(28		)	—			168			(3		)
Other income	920			502			200			92
Non-interest income/(loss)	11,665			23,455			8,964			(301		)
Non-interest expense	8,594			7,095			7,856			7,947
Income before income taxes	17,126			27,845			21,964			6,171
Income tax expense/(benefit)	2,769			7,564			(6,368		)	(1,141		)
Net income	14,357			20,281			28,332			7,312
Less: Net income attributable to non-controlling interest - preferred stock dividends	(5,414		)	(5,412		)	(5,819		)	(5,547		)
Net income attributable to Farmer Mac	8,943			14,869			22,513			1,765
Preferred stock dividends	(3,296		)	(3,283		)	(2,308		)	(952		)
Net income attributable to common stockholders	$	5,647		$	11,586		$	20,205		$	813
Earnings per common share:
Basic earnings per common share	$	0.52		$	1.06		$	1.85		$	0.07
Diluted earnings per common share	$	0.50		$	1.02		$	1.78		$	0.07

	2013 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	49,180		$	62,975		$	61,745		$	61,498
Interest expense	35,777			34,787			33,584			33,128
Net interest income	13,403			28,188			28,161			28,370
(Provision for)/release of loan losses	(117		)	499			529			(430		)
Net interest income after (provision for)/release of loan losses	13,286			28,687			28,690			27,940
Non-interest income:
Guarantee and commitment fees	6,768			6,819			6,759			6,612
Gains on financial derivatives and hedging activities	9,263			3,024			14,983			4,494
(Losses)/gains on trading assets	(76		)	(626		)	(327		)	210
(Losses)/gains on sale of available-for-sale investment securities	(960		)	—			3,071			2
Gains on repurchase of debt	1,462			—			—			—
Gains on sale of real estate owned	26			39			1,124			47
Other income	539			565			873			1,080
Non-interest income	17,022			9,821			26,483			12,445
Non-interest expense	7,621			8,441			7,964			9,081
Income before income taxes	22,687			30,067			47,209			31,304
Income tax expense	3,774			8,226			13,036			8,716
Net income	18,913			21,841			34,173			22,588
Less: Net income attributable to non-controlling interest - preferred stock dividends	(5,546		)	(5,547		)	(5,547		)	(5,547		)
Net income attributable to Farmer Mac	13,367			16,294			28,626			17,041
Preferred stock dividends	(882		)	(881		)	(881		)	(851		)
Net income attributable to common stockholders	$	12,485		$	15,413		$	27,745		$	16,190
Earnings per common share:
Basic earnings per common share	$	1.14		$	1.42		$	2.57		$	1.51
Diluted earnings per common share	$	1.11		$	1.37		$	2.48		$	1.45