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Quarterly Financial Information (Unaudited) - QUARTERLY FINANCIAL INFORMATION (UNDAUDITED) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Additional Financial Information Disclosure [Text Block] | QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Table 15.1
| 2017 Quarter Ended
| Dec. 31 |  | Sept. 30 |  | June 30 |  | Mar. 31
| (in thousands, except per share amounts)
Interest income: |  |  |  |  |  |  |
Interest income | $ | 111,371 |  |  | $ | 104,497 |  |  | $ | 98,047 |  |  | $ | 86,617 |
Interest expense | 70,088 |  |  | 64,935 |  |  | 58,316 |  |  | 49,546 |
Net interest income | 41,283 |  |  | 39,562 |  |  | 39,731 |  |  | 37,071 |
Provision for loan losses | (474 | ) |  | (270 | ) |  | (327 | ) |  | (637 | )
Net interest income after provision for loan losses | 40,809 |  |  | 39,292 |  |  | 39,404 |  |  | 36,434 |
Non-interest income: |  |  |  |  |  |  |  |  |  |  |
Guarantee and commitment fees | 3,484 |  |  | 3,314 |  |  | 3,472 |  |  | 3,844 |
(Losses)/gains on financial derivatives and hedging activities | (1,777 | ) |  | 661 |  |  | (617 | ) |  | 2,486 |
Gains/(losses) on trading assets | 60 |  |  | — |  |  | (2 | ) |  | (82 | )
Gains on sale of available-for-sale investment securities | — |  |  | 89 |  |  | — |  |  | — |
Gains/(losses) on sale of real estate owned | 964 |  |  | 32 |  |  | 757 |  |  | (5 | )
Other (loss)/income | (58 | ) |  | 203 |  |  | 134 |  |  | 553 |
Non-interest income | 2,673 |  |  | 4,299 |  |  | 3,744 |  |  | 6,796 |
Non-interest expense | 10,210 |  |  | 10,616 |  |  | 11,390 |  |  | 10,549 |
Income before income taxes | 33,272 |  |  | 32,975 |  |  | 31,758 |  |  | 32,681 |
Income tax expense | 13,266 |  |  | 11,193 |  |  | 11,124 |  |  | 10,786 |
Net income | 20,006 |  |  | 21,782 |  |  | 20,634 |  |  | 21,895 |
Less: Net loss attributable to non-controlling interest | — |  |  | — |  |  | 150 |  |  | 15 |
Net income attributable to Farmer Mac | 20,006 |  |  | 21,782 |  |  | 20,784 |  |  | 21,910 |
Preferred stock dividends | (3,296 | ) |  | (3,295 | ) |  | (3,296 | ) |  | (3,295 | )
Net income attributable to common stockholders | $ | 16,710 |  |  | $ | 18,487 |  |  | $ | 17,488 |  |  | $ | 18,615 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |
Basic earnings per common share | $ | 1.57 |  |  | $ | 1.74 |  |  | $ | 1.65 |  |  | $ | 1.76 |
Diluted earnings per common share | $ | 1.55 |  |  | $ | 1.71 |  |  | $ | 1.62 |  |  | $ | 1.73 |
| 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 |

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