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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets:    
Cash and cash equivalents $ 313,641 $ 265,229
Loans:    
Loans held for investment, at amortized cost 3,432,091 3,379,884
Loans held for investment in consolidated trusts, at amortized cost 1,208,950 1,132,966
Allowance for loan losses (5,811) (5,415)
Total loans, net of allowance 4,635,230 4,507,435
Real estate owned, at lower of cost or fair value 5,456 1,528
Financial derivatives, at fair value 2,674 23,182
Interest receivable (includes $8,163 and $12,584, respectively, related to consolidated trusts) 85,522 122,782
Guarantee and commitment fees receivable 38,748 38,871
Deferred tax asset, net 5,085 12,291
Prepaid expenses and other assets 4,001 86,322
Total Assets 15,931,757 15,606,020
Notes payable:    
Due within one year 7,616,431 8,440,123
Due after one year 6,300,750 5,222,977
Total notes payable 13,917,181 13,663,100
Debt securities of consolidated trusts held by third parties 1,212,792 1,142,704
Financial derivatives, at fair value 32,054 58,152
Accrued interest payable (includes $6,771 and $10,881, respectively, related to consolidated trusts) 46,845 49,700
Guarantee and commitment obligation 36,802 37,282
Accounts payable and accrued expenses 18,234 9,415
Reserve for losses 1,827 2,020
Total Liabilities 15,265,735 14,962,373
Commitments and Contingencies (Note 6)
Common stock:    
Additional paid-in capital 118,386 118,655
Accumulated other comprehensive income, net of tax 41,544 33,758
Retained earnings 290,530 275,714
Total Stockholders' Equity 665,815 643,425
Non-controlling interest 207 222
Total Equity 666,022 643,647
Total Liabilities and Equity 15,931,757 15,606,020
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 9,065 9,008
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,479,244 2,515,851
Marketable Securities 2,479,244 2,515,851
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 5,243,046 4,853,685
Held-to-maturity, at amortized cost 1,074,686 1,149,231
Marketable Securities 6,317,732 6,002,916
USDA Securities [Member]    
Assets:    
Held-to-maturity, at amortized cost 2,025,822 2,009,225
Trading, at fair value 18,602 20,388
Marketable Securities $ 2,044,424 $ 2,029,613