CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 604,381	$ 425,256
Loans:
Loans held for investment, at amortized cost	5,390,977	4,004,968
Loans held for investment in consolidated trusts, at amortized cost	1,600,917	1,517,101
Allowance for loan losses	(10,454)	(7,017)
Total loans, net of allowance	6,981,440	5,515,052
Real estate owned, at lower of cost or fair value	1,770	128
Financial derivatives, at fair value	10,519	7,487
Interest receivable (includes $20,568 and $19,783, respectively, related to consolidated trusts)	199,195	180,080
Guarantee and commitment fees receivable	38,442	40,366
Deferred tax asset, net	16,510	6,369
Prepaid expenses and other assets	20,693	9,418
Total Assets	21,709,374	18,694,328
Notes payable:
Due within one year	10,019,082	7,757,050
Due after one year	9,079,566	8,486,647
Total	19,098,648	16,243,697
Debt securities of consolidated trusts held by third parties	1,616,504	1,528,957
Total	19,098,648	16,243,697
Financial derivatives, at fair value	27,042	19,633
Accrued interest payable (includes $18,018 and $17,125, respectively, related to consolidated trusts)	106,959	96,743
Guarantee and commitment obligation	36,700	38,683
Accounts payable and accrued expenses	22,081	11,891
Reserve for losses	2,164	2,167
Total Liabilities	20,910,098	17,941,771
Commitments and Contingencies
Common stock:
Additional paid-in capital	119,304	118,822
Accumulated other comprehensive (loss)/income, net of tax	(16,161)	24,956
Retained earnings	457,047	393,351
Total Equity	799,276	752,557
Total Liabilities and Equity	21,709,374	18,694,328
5.875% Non-Cumulative Preferred Stock, Series A
Preferred stock:
Preferred stock	58,333	58,333
Series B Preferred Stock
Preferred stock:
Preferred stock	0	73,044
6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C
Preferred stock:
Preferred stock	73,382	73,382
5.700% Non-Cumulative Preferred Stock, Series D
Preferred stock:
Preferred stock	96,659	0
Class A voting common stock
Common stock:
Common Stock	1,031	1,031
Common Class B, Voting
Common stock:
Common Stock	500	500
Class C non-voting common stock
Common stock:
Common Stock	9,181	9,138
Debt Securities
Assets:
Available-for-sale, at fair value	2,959,843	2,217,852
Held-to-maturity, at amortized cost	45,032	45,032
Total Securities	3,004,875	2,262,884
Farmer Mac Guaranteed Securities:
Assets:
Available-for-sale, at fair value	7,143,025	5,974,497
Held-to-maturity, at amortized cost	1,447,451	2,096,618
Total Securities	8,590,476	8,071,115
USDA Securities:
Assets:
Held-to-maturity, at amortized cost	2,232,160	2,166,174
Trading, at fair value	8,913	9,999
Total Securities	$ 2,241,073	$ 2,176,173