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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Cash and cash equivalents $ 265,229 $ 1,210,084
Loans:    
Loans held for investment, at amortized cost 3,379,884 3,258,413
Loans held for investment in consolidated trusts, at amortized cost 1,132,966 708,111
Allowance for loan losses (5,415) (4,480)
Total loans, net of allowance 4,507,435 3,962,044
Real estate owned, at lower of cost or fair value 1,528 1,369
Financial derivatives, at fair value 23,182 3,816
Interest receivable (includes $12,584 and $7,938, respectively, related to consolidated trusts) 122,782 112,700
Guarantee and commitment fees receivable 38,871 40,189
Deferred tax asset, net 12,291 42,916
Prepaid expenses and other assets 86,322 47,780
Total Assets 15,606,020 15,540,354
Notes payable:    
Due within one year 8,440,123 9,111,461
Due after one year 5,222,977 4,967,036
Total notes payable 13,663,100 14,078,497
Debt securities of consolidated trusts held by third parties 1,142,704 713,536
Financial derivatives, at fair value 58,152 77,199
Accrued interest payable (includes $10,881 and $6,705, respectively, related to consolidated trusts) 49,700 47,621
Guarantee and commitment obligation 37,282 38,609
Accounts payable and accrued expenses 9,415 29,089
Reserve for losses 2,020 2,083
Total Liabilities 14,962,373 14,986,634
Commitments and Contingencies (Note 12)
Common stock:    
Additional paid-in capital 118,655 117,862
Accumulated other comprehensive income/(loss), net of tax 33,758 (11,019)
Retained earnings 275,714 231,228
Total Stockholders' Equity 643,425 553,517
Non-controlling interest 222 203
Total Equity 643,647 553,720
Total Liabilities and Equity 15,606,020 15,540,354
Series A Preferred Stock [Member]    
Preferred stock:    
Preferred stock 58,333 58,333
Series B Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,044 73,044
Series C Preferred Stock [Member]    
Preferred stock:    
Preferred stock 73,382 73,382
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 9,008 9,156
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,515,851 2,775,025
Trading, at fair value 0 491
Marketable Securities 2,515,851 2,775,516
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 4,853,685 4,152,605
Held-to-maturity, at amortized cost 1,149,231 1,274,016
Marketable Securities 6,002,916 5,426,621
USDA Securities [Member]    
Assets:    
Available-for-sale, at fair value 0 1,888,344
Held-to-maturity, at amortized cost 2,009,225 0
Trading, at fair value 20,388 28,975
Marketable Securities $ 2,029,613 $ 1,917,319