Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

Table 15.1

	2016 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	81,241		$	79,532		$	77,236		$	73,891
Interest expense	44,528			43,969			42,878			40,251
Net interest income	36,713			35,563			34,358			33,640
Provision for loan losses	(461		)	(191		)	(364		)	(49		)
Net interest income after provision for loan losses	36,252			35,372			33,994			33,591
Non-interest income/(loss):
Guarantee and commitment fees	3,789			3,798			3,655			3,626
Gains/(losses) on financial derivatives and hedging activities	15,390			(1,601		)	(4,696		)	(6,782		)
(Losses)/gains on trading assets	(474		)	1,182			394			358
Losses on sale of available-for-sale investment securities	—			—			—			(9		)
Gains on sale of real estate owned	—			15			—			—
Other income	602			707			413			101
Non-interest income/(loss)	19,307			4,101			(234		)	(2,706		)
Non-interest expense	10,977			9,303			10,074			9,966
Income before income taxes	44,582			30,170			23,686			20,919
Income tax expense	15,793			10,529			8,400			7,335
Net income	28,789			19,641			15,286			13,584
Less: Net (income)/loss attributable to non-controlling interest	(28		)	18			16			28
Net income attributable to Farmer Mac	28,761			19,659			15,302			13,612
Preferred stock dividends	(3,296		)	(3,295		)	(3,296		)	(3,295		)
Net income attributable to common stockholders	$	25,465		$	16,364		$	12,006		$	10,317
Earnings per common share:
Basic earnings per common share	$	2.42		$	1.56		$	1.15		$	0.99
Diluted earnings per common share	$	2.38		$	1.54		$	1.13		$	0.94

	2015 Quarter Ended
	Dec. 31			Sept. 30			June 30			Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	67,562		$	66,918		$	66,392		$	63,951
Interest expense	36,591			34,735			34,528			33,162
Net interest income	30,971			32,183			31,864			30,789
(Provision for)/release of loan losses	(3,366		)	1,164			(110		)	(76		)
Net interest income after (provision for)/release of loan losses	27,605			33,347			31,754			30,713
Non-interest income/(loss):
Guarantee and commitment fees	3,780			3,532			3,388			3,377
Gains/(losses) on financial derivatives and hedging activities	1,592			(9,568		)	14,389			(3,882		)
Gains/(losses) on trading assets	696			(8		)	170			362
Gains on sale of available-for-sale investment securities	—			3			—			6
Losses on sale of real estate owned	—						—			(1		)
Other income	372			1,060			260			613
Non-interest income/(loss)	6,440			(4,981		)	18,207			475
Non-interest expense	5,865			10,421			10,853			8,343
Income before income taxes	28,180			17,945			39,108			22,845
Income tax expense	9,912			6,327			13,769			4,231
Net income	18,268			11,618			25,339			18,614
Less: Net loss/(income) attributable to non-controlling interest	60			36			119			(5,354		)
Net income attributable to Farmer Mac	18,328			11,654			25,458			13,260
Preferred stock dividends	(3,296		)	(3,295		)	(3,296		)	(3,295		)
Loss on retirement of preferred stock	—			—			—			(8,147		)
Net income attributable to common stockholders	$	15,032		$	8,359		$	22,162		$	1,818
Earnings per common share:
Basic earnings per common share	$	1.39		$	0.76		$	2.01		$	0.17
Diluted earnings per common share	$	1.35		$	0.74		$	1.94		$	0.16