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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Assets:    
Cash and cash equivalents $ 910,592,000 $ 604,381,000
Loans:    
Loans held for sale, at lower of cost or fair value 20,000,000 0
Loans held for investment, at amortized cost 6,825,061,000 5,390,977,000
Loans held for investment in consolidated trusts, at amortized cost 1,276,407,000 1,600,917,000
Allowance for losses (15,821,000) (10,454,000)
Total loans, net of allowance 8,105,647,000 6,981,440,000
Financial derivatives, at fair value 12,837,000 10,519,000
Interest receivable (includes $11,525 and $20,568, respectively, related to consolidated trusts) 153,170,000 199,195,000
Guarantee and commitment fees receivable 36,664,000 38,442,000
Deferred tax asset, net 29,288,000 16,510,000
Prepaid expenses and other assets 43,531,000 22,463,000
Total Assets 23,998,837,000 21,709,374,000
Liabilities:    
Notes payable 21,589,285,000 19,098,648,000
Debt securities of consolidated trusts held by third parties 1,292,416,000 1,616,504,000
Financial derivatives, at fair value 37,357,000 27,042,000
Accrued interest payable (includes $9,353 and $18,018, respectively, related to consolidated trusts) 92,648,000 106,959,000
Guarantee and commitment obligation 35,140,000 36,700,000
Accounts payable and accrued expenses 18,078,000 22,081,000
Reserve for losses 3,568,000 2,164,000
Total Liabilities 23,068,492,000 20,910,098,000
Commitments and Contingencies
Common stock:    
Additional paid-in capital 121,525,000 119,304,000
Accumulated other comprehensive loss, net of tax (53,837,000) (16,161,000)
Retained earnings 488,717,000 457,047,000
Total Equity 930,345,000 799,276,000
Total Liabilities and Equity 23,998,837,000 21,709,374,000
Series A Preferred Stock    
Preferred stock:    
Preferred stock 0 58,333,000
Series C Preferred Stock    
Preferred stock:    
Preferred stock 73,382,000 73,382,000
Series D Preferred Stock    
Preferred stock:    
Preferred stock 96,659,000 96,659,000
Series E Preferred Stock    
Preferred stock:    
Preferred stock 77,003,000 0
Series F Preferred Stock    
Preferred stock:    
Preferred stock 116,160,000 0
Class A voting common stock    
Common stock:    
Common Stock 1,031,000 1,031,000
Common Class B, Voting    
Common stock:    
Common Stock 500,000 500,000
Class C non-voting common stock    
Common stock:    
Common Stock 9,205,000 9,181,000
Investment securities    
Assets:    
Available-for-sale, at fair value 3,532,190,000 2,959,843,000
Held-to-maturity, at amortized cost 45,032,000 45,032,000
Total Securities 3,577,222,000 3,004,875,000
Farmer Mac Guaranteed Securities:    
Assets:    
Available-for-sale, at fair value 7,511,638,000 7,143,025,000
Held-to-maturity, at amortized cost 1,200,570,000 1,447,451,000
Total Securities 8,712,208,000 8,590,476,000
USDA Securities:    
Assets:    
Held-to-maturity, at amortized cost 2,410,848,000 2,232,160,000
Trading, at fair value 6,830,000 8,913,000
Total Securities $ 2,417,678,000 $ 2,241,073,000