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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Assets:    
Cash and cash equivalents $ 430,812 $ 302,022
Loans:    
Loans held for investment, at amortized cost 3,916,127 3,873,755
Loans held for investment in consolidated trusts, at amortized cost 1,443,246 1,399,827
Allowance for loan losses (6,789) (6,796)
Total loans, net of allowance 5,352,584 5,266,786
Real estate owned, at lower of cost or fair value 56 139
Financial derivatives, at fair value 8,011 7,093
Interest receivable (includes $17,019 and $17,373, respectively, related to consolidated trusts) 156,194 155,278
Guarantee and commitment fees receivable 39,915 39,895
Deferred tax asset, net 0 2,048
Prepaid expenses and other assets 67,305 29,023
Total Assets 18,626,771 17,792,274
Notes payable:    
Due within one year 7,774,301 8,089,826
Due after one year 8,416,896 7,432,790
Total notes payable 16,191,197 15,522,616
Debt securities of consolidated trusts held by third parties 1,449,888 1,404,945
Financial derivatives, at fair value 20,164 26,599
Accrued interest payable (includes $14,559 and $14,631, respectively, related to consolidated trusts) 88,506 75,402
Guarantee and commitment obligation 38,428 38,400
Accounts payable and accrued expenses 67,295 14,096
Deferred Tax Liabilities, Net 2,832 0
Reserve for losses 2,249 2,070
Total Liabilities 17,860,559 17,084,128
Commitments and Contingencies (Note 6)
Common stock:    
Additional paid-in capital 117,684 118,979
Accumulated other comprehensive income, net of tax 73,410 51,085
Retained earnings 359,692 322,704
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 766,212 708,146
Total Liabilities and Equity 18,626,771 17,792,274
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 9,136 9,088
Investment Securities [Member]    
Assets:    
Available-for-sale, at fair value 2,324,598 2,215,405
Held-to-maturity, at amortized cost 45,032 45,032
Marketable Securities 2,369,630 2,260,437
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 5,985,806 5,471,914
Held-to-maturity, at amortized cost 2,093,092 2,126,274
Marketable Securities 8,078,898 7,598,188
USDA Securities [Member]    
Assets:    
Held-to-maturity, at amortized cost 2,112,618 2,117,850
Trading, at fair value 10,748 13,515
Marketable Securities $ 2,123,366 $ 2,131,365