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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income $ 18,614us-gaap_ProfitLoss $ 7,312us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization of deferred gains, premiums, and discounts on loans, investments, Farmer Mac Guaranteed Securities, and USDA Securities 1,024us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 13,983us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Amortization of debt premiums, discounts and issuance costs 2,832us-gaap_AmortizationOfFinancingCostsAndDiscounts 2,658us-gaap_AmortizationOfFinancingCostsAndDiscounts
Net change in fair value of trading securities, hedged assets, and financial derivatives 532agm_NetChangeInFairValueOfTradingSecuritiesHedgedAssetsFinancialDerivativesAndLoansHeldForSale 3,029agm_NetChangeInFairValueOfTradingSecuritiesHedgedAssetsFinancialDerivativesAndLoansHeldForSale
Gains on sale of available-for-sale investment securities (6)us-gaap_GainLossOnSaleOfSecuritiesNet (15)us-gaap_GainLossOnSaleOfSecuritiesNet
Gains on sale of real estate owned 1us-gaap_GainsLossesOnSalesOfOtherRealEstate 3us-gaap_GainsLossesOnSalesOfOtherRealEstate
Total (release of)/provision for losses (696)us-gaap_ProvisionForLoanLeaseAndOtherLosses 674us-gaap_ProvisionForLoanLeaseAndOtherLosses
Deferred income taxes (1,061)us-gaap_DeferredIncomeTaxExpenseBenefit (6,009)us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation expense 839us-gaap_ShareBasedCompensation 713us-gaap_ShareBasedCompensation
Proceeds from repayment of trading investment securities 247us-gaap_ProceedsFromPaymentsForTradingSecurities 283us-gaap_ProceedsFromPaymentsForTradingSecurities
Proceeds from repayment of loans purchased as held for sale 32,140us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale 42,713us-gaap_ProceedsFromSaleAndCollectionOfLoansHeldforsale
Net change in:    
Interest receivable 40,562us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet 43,327us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Guarantee and commitment fees receivable 1,120us-gaap_IncreaseDecreaseInOtherReceivables (1,318)us-gaap_IncreaseDecreaseInOtherReceivables
Other assets 2,066us-gaap_IncreaseDecreaseInOtherOperatingAssets (2,827)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accrued interest payable (11,972)us-gaap_IncreaseDecreaseInAccruedLiabilities (16,668)us-gaap_IncreaseDecreaseInAccruedLiabilities
Other liabilities 2,793us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 4,793us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 89,035us-gaap_NetCashProvidedByUsedInOperatingActivities 92,651us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of loans held for investment (138,929)us-gaap_PaymentsToAcquireLoansHeldForInvestment (246,310)us-gaap_PaymentsToAcquireLoansHeldForInvestment
Purchases of defaulted loans (657)us-gaap_PaymentsToAcquireOtherLoansAndLeasesHeldForInvestment (440)us-gaap_PaymentsToAcquireOtherLoansAndLeasesHeldForInvestment
Proceeds from repayment of loans purchased as held for investment 95,570us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 141,534us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
Proceeds from sale of Farmer Mac Guaranteed Securities 49,487us-gaap_ProceedsFromSaleOfOtherInvestments 62,751us-gaap_ProceedsFromSaleOfOtherInvestments
(Payments)/proceeds from sale of real estate owned (1)us-gaap_ProceedsFromSaleOfForeclosedAssets 11us-gaap_ProceedsFromSaleOfForeclosedAssets
Net cash used in investing activities (403,922)us-gaap_NetCashProvidedByUsedInInvestingActivities (76,945)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Excess tax benefits related to stock-based awards 26us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 36us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Payments to third parties on debt securities of consolidated trusts (15,793)agm_PaymentsToThirdPartiesOnDebtSecuritiesOfConsolidatedTrusts (11,868)agm_PaymentsToThirdPartiesOnDebtSecuritiesOfConsolidatedTrusts
Proceeds from common stock issuance 4us-gaap_ProceedsFromIssuanceOfCommonStock 6us-gaap_ProceedsFromIssuanceOfCommonStock
Redemption of Farmer Mac II LLC Preferred Stock (244,000)us-gaap_PaymentsForRepurchaseOfRedeemablePreferredStock 0us-gaap_PaymentsForRepurchaseOfRedeemablePreferredStock
Dividends paid - Non-controlling interest - preferred stock (5,415)us-gaap_PaymentsOfDividendsMinorityInterest (5,547)us-gaap_PaymentsOfDividendsMinorityInterest
Dividends paid on common and preferred stock (5,045)us-gaap_PaymentsOfOrdinaryDividends (2,405)us-gaap_PaymentsOfOrdinaryDividends
Net cash provided by financing activities 507,746us-gaap_NetCashProvidedByUsedInFinancingActivities 101,566us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase in cash and cash equivalents 192,859us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 117,272us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 1,363,387us-gaap_CashAndCashEquivalentsAtCarryingValue 749,313us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 1,556,246us-gaap_CashAndCashEquivalentsAtCarryingValue 866,585us-gaap_CashAndCashEquivalentsAtCarryingValue
Medium-term Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 1,344,848us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
750,354us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
Payments to redeem discount notes and medium-term notes (912,000)us-gaap_RepaymentsOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
(687,000)us-gaap_RepaymentsOfDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MediumTermNotesMember
Discount Notes [Member]    
Cash flows from financing activities:    
Proceeds from issuance of discount notes and medium-term notes 14,784,601us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
15,566,728us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
Payments to redeem discount notes and medium-term notes (14,439,480)us-gaap_RepaymentsOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
(15,582,044)us-gaap_RepaymentsOfDebt
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_NotesPayableToBanksMember
Investment Securities [Member]    
Cash flows from investing activities:    
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (715,628)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
(369,120)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 427,507us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
370,084us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Proceeds from sale of available-for-sale investment securities 74,998us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
10,015us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_DebtSecuritiesMember
Farmer Mac Guaranteed Securities and USDA Securities [Member]
   
Cash flows from investing activities:    
Purchases of available-for-sale investment securities and Farmer Mac Guaranteed Securities and USDA Guaranteed Securities (349,364)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
(289,484)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
Proceeds from repayment of available-for-sale investment securities, Farmer Mac Guaranteed Securities and USDA Guaranteed Securities 153,095us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
244,014us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= agm_FarmerMacAndUsdaGuaranteedSecuritiesMember
Series B Preferred Stock [Member]    
Cash flows from financing activities:    
Proceeds from Preferred Stock Issuances $ 0us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember
$ 73,306us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
/ us-gaap_StatementClassOfStockAxis
= us-gaap_SeriesBPreferredStockMember