CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Interest income:
Investments and cash equivalents	$ 17,269		$ 21,940		$ 24,729
Farmer Mac Guaranteed Securities and USDA Securities	118,430		128,399		136,297
Loans	94,875		85,059		103,644
Total interest income	230,574	[1]	235,398	[2]	264,670	[2]
Total interest expense	170,720	[3]	137,276	[4]	142,690	[4]
Net interest income	59,854		98,122		121,980
Release of/(provision for) loan losses	961		481		(3,691)
Net interest income after release of/(provision for) loan losses	60,815		98,603		118,289
Non-interest income:
Guarantee and commitment fees	25,187		26,958		24,963
(Losses)/gains on financial derivatives and hedging activities	(21,646)		31,764		(19,829)
Gains/(losses) on trading securities	38,629		(819)		307
(Losses)/gains on sale of available-for-sale investment securities	(238)		2,113		18
Gains on repurchase of debt	0		1,462		0
Gains on sale of real estate owned	137		1,236		878
Lower of cost or fair value adjustment on loans held for sale	0		0		(5,943)
Other income	1,714		3,057		3,341
Non-interest income	43,783		65,771		3,735
Non-interest expense:
Compensation and employee benefits	19,009		17,817		19,186
General and administrative	12,197		11,563		11,123
Regulatory fees	2,381		2,375		2,281
Real estate owned operating costs, net	110		423		134
(Release of)/provision for reserve for losses	(2,205)		929		(1,816)
Non-interest expense	31,492	[5]	33,107	[5]	30,908	[5]
Income before income taxes	73,106		131,267		91,116
Income tax expense	2,824		33,752		22,156
Net income	70,282		97,515		68,960
Less: Net income attributable to non-controlling interest - preferred stock dividends	(22,192)		(22,187)		(22,187)
Net income attributable to Farmer Mac	48,090		75,328		46,773
Preferred stock dividends	(9,839)		(3,495)		(2,879)
Net income attributable to common stockholders	$ 38,251		$ 71,833		$ 43,894
Earnings per common share and dividends:
Basic earnings per common share	$ 3.50		$ 6.64		$ 4.19
Diluted earnings per common share	$ 3.37		$ 6.41		$ 3.98

[1] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts and interest income related to securities purchased under agreements to resell.

[2] Includes reconciling adjustments for the amortization of premiums and discounts on assets consolidated at fair value to reflect core earnings amounts.

[3] Based on effective funding cost determined for each operating segment, including expenses related to interest rate swaps not designated as hedges, which are included in "(Losses)/gains on financial derivatives and hedging activities" on the consolidated financial statements. Includes reconciling adjustments for interest expense related to securities sold, not yet purchased.

[4] Based on effective funding cost determined for each operating segment, including expenses related to interest rate swaps not designated as hedges, which are included in "(Losses)/gains on financial derivatives and hedging activities" on the consolidated financial statements.

[5] Includes directly attributable costs and an allocation of indirectly attributable costs based on headcount.