CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest income:
Investments and cash equivalents	$ 20,156	$ 12,095	$ 38,863	$ 23,558
Farmer Mac Guaranteed Securities and USDA Securities	85,569	74,179	170,980	136,609
Loans	59,403	49,396	110,800	95,049
Total interest income	165,128	135,670	320,643	255,216
Total interest expense	122,074	91,737	236,990	168,054
Net interest income	43,054	43,933	83,653	87,162
(Provision for)/release of loan losses	(578)	(424)	(314)	7
Net interest income after (provision for)/release of loan losses	42,476	43,509	83,339	87,169
Non-interest income:
Guarantee and commitment fees	3,403	3,481	6,916	6,980
Gains/(losses) on financial derivatives	8,913	2,534	8,553	(1,316)
Gains on trading securities	61	11	105	27
Gains on sale of real estate owned	0	34	0	34
Other income	355	320	848	894
Non-interest income	12,732	6,380	16,422	6,619
Non-interest expense:
Compensation and employee benefits	6,770	6,936	14,376	13,590
General and administrative	4,689	5,202	9,285	9,528
Regulatory fees	687	625	1,375	1,250
Real estate owned operating costs, net	64	0	64	16
(Release of)/provision for reserve for losses	(158)	158	(287)	179
Non-interest expense	12,052	12,921	24,813	24,563
Income before income taxes	43,156	36,968	74,948	69,225
Income tax expense	9,111	7,332	15,733	13,770
Net income	34,045	29,636	59,215	55,455
Net income attributable to Farmer Mac	34,045	29,636	59,215	55,455
Preferred stock dividends	(3,785)	(3,296)	(7,081)	(6,591)
Loss on retirement of preferred stock	(1,956)	0	(1,956)	0
Net income attributable to common stockholders	$ 28,304	$ 26,340	$ 50,178	$ 48,864
Earnings per common share:
Basic earnings per common share (in dollars per share)	$ 2.65	$ 2.47	$ 4.70	$ 4.59
Diluted earnings per common share (in dollars per share)	$ 2.63	$ 2.45	$ 4.66	$ 4.55