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Quarterly Financial Information (Unaudited) - QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Additional Financial Information Disclosure [Text Block] | QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Table 15.1
| 2016 Quarter Ended
| Dec. 31 |  | Sept. 30 |  | June 30 |  | Mar. 31
| (in thousands, except per share amounts)
Interest income: |  |  |  |  |  |  |
Interest income | $ | 81,241 |  |  | $ | 79,532 |  |  | $ | 77,236 |  |  | $ | 73,891 |
Interest expense | 44,528 |  |  | 43,969 |  |  | 42,878 |  |  | 40,251 |
Net interest income | 36,713 |  |  | 35,563 |  |  | 34,358 |  |  | 33,640 |
Provision for loan losses | (461 | ) |  | (191 | ) |  | (364 | ) |  | (49 | )
Net interest income after provision for loan losses | 36,252 |  |  | 35,372 |  |  | 33,994 |  |  | 33,591 |
Non-interest income/(loss): |  |  |  |  |  |  |  |  |  |  |
Guarantee and commitment fees | 3,789 |  |  | 3,798 |  |  | 3,655 |  |  | 3,626 |
Gains/(losses) on financial derivatives and hedging activities | 15,390 |  |  | (1,601 | ) |  | (4,696 | ) |  | (6,782 | )
(Losses)/gains on trading assets | (474 | ) |  | 1,182 |  |  | 394 |  |  | 358 |
Losses on sale of available-for-sale investment securities | — |  |  | — |  |  | — |  |  | (9 | )
Gains on sale of real estate owned | — |  |  | 15 |  |  | — |  |  | — |
Other income | 602 |  |  | 707 |  |  | 413 |  |  | 101 |
Non-interest income/(loss) | 19,307 |  |  | 4,101 |  |  | (234 | ) |  | (2,706 | )
Non-interest expense | 10,977 |  |  | 9,303 |  |  | 10,074 |  |  | 9,966 |
Income before income taxes | 44,582 |  |  | 30,170 |  |  | 23,686 |  |  | 20,919 |
Income tax expense | 15,793 |  |  | 10,529 |  |  | 8,400 |  |  | 7,335 |
Net income | 28,789 |  |  | 19,641 |  |  | 15,286 |  |  | 13,584 |
Less: Net (income)/loss attributable to non-controlling interest | (28 | ) |  | 18 |  |  | 16 |  |  | 28 |
Net income attributable to Farmer Mac | 28,761 |  |  | 19,659 |  |  | 15,302 |  |  | 13,612 |
Preferred stock dividends | (3,296 | ) |  | (3,295 | ) |  | (3,296 | ) |  | (3,295 | )
Net income attributable to common stockholders | $ | 25,465 |  |  | $ | 16,364 |  |  | $ | 12,006 |  |  | $ | 10,317 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |
Basic earnings per common share | $ | 2.42 |  |  | $ | 1.56 |  |  | $ | 1.15 |  |  | $ | 0.99 |
Diluted earnings per common share | $ | 2.38 |  |  | $ | 1.54 |  |  | $ | 1.13 |  |  | $ | 0.94 |
| 2015 Quarter Ended
| Dec. 31 |  | Sept. 30 |  | June 30 |  | Mar. 31
| (in thousands, except per share amounts)
Interest income: |  |  |  |  |  |  |
Interest income | $ | 67,562 |  |  | $ | 66,918 |  |  | $ | 66,392 |  |  | $ | 63,951 |
Interest expense | 36,591 |  |  | 34,735 |  |  | 34,528 |  |  | 33,162 |
Net interest income | 30,971 |  |  | 32,183 |  |  | 31,864 |  |  | 30,789 |
(Provision for)/release of loan losses | (3,366 | ) |  | 1,164 |  |  | (110 | ) |  | (76 | )
Net interest income after (provision for)/release of loan losses | 27,605 |  |  | 33,347 |  |  | 31,754 |  |  | 30,713 |
Non-interest income/(loss): |  |  |  |  |  |  |  |
Guarantee and commitment fees | 3,780 |  |  | 3,532 |  |  | 3,388 |  |  | 3,377 |
Gains/(losses) on financial derivatives and hedging activities | 1,592 |  |  | (9,568 | ) |  | 14,389 |  |  | (3,882 | )
Gains/(losses) on trading assets | 696 |  |  | (8 | ) |  | 170 |  |  | 362 |
Gains on sale of available-for-sale investment securities | — |  |  | 3 |  |  | — |  |  | 6 |
Losses on sale of real estate owned | — |  |  |  |  |  | — |  |  | (1 | )
Other income | 372 |  |  | 1,060 |  |  | 260 |  |  | 613 |
Non-interest income/(loss) | 6,440 |  |  | (4,981 | ) |  | 18,207 |  |  | 475 |
Non-interest expense | 5,865 |  |  | 10,421 |  |  | 10,853 |  |  | 8,343 |
Income before income taxes | 28,180 |  |  | 17,945 |  |  | 39,108 |  |  | 22,845 |
Income tax expense | 9,912 |  |  | 6,327 |  |  | 13,769 |  |  | 4,231 |
Net income | 18,268 |  |  | 11,618 |  |  | 25,339 |  |  | 18,614 |
Less: Net loss/(income) attributable to non-controlling interest | 60 |  |  | 36 |  |  | 119 |  |  | (5,354 | )
Net income attributable to Farmer Mac | 18,328 |  |  | 11,654 |  |  | 25,458 |  |  | 13,260 |
Preferred stock dividends | (3,296 | ) |  | (3,295 | ) |  | (3,296 | ) |  | (3,295 | )
Loss on retirement of preferred stock | — |  |  | — |  |  | — |  |  | (8,147 | )
Net income attributable to common stockholders | $ | 15,032 |  |  | $ | 8,359 |  |  | $ | 22,162 |  |  | $ | 1,818 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic earnings per common share | $ | 1.39 |  |  | $ | 0.76 |  |  | $ | 2.01 |  |  | $ | 0.17 |
Diluted earnings per common share | $ | 1.35 |  |  | $ | 0.74 |  |  | $ | 1.94 |  |  | $ | 0.16 |

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