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v3.19.1

Business Segment Reporting - Core Earnings - Business Segments (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Net interest income | $ 40,599 | $ 43,229 |
Guarantee and commitment fees | 3,513 | 3,499 |
Other income/(expense) | 177 | (3,260) |
Non-interest income | 3,690 | 239 |
Release of loan losses | 264 | 431 |
Release of reserve for losses | 129 | (21) |
Other non-interest expense | (12,890) | (11,621) |
Non-interest expense | (12,761) | (11,642) |
Core earnings before income taxes | 31,792 | 32,257 |
Income tax (expense)/benefit | (6,622) | (6,438) |
Core earnings before preferred stock dividends and attribution of income to non-controlling interest | 25,170 | 25,819 |
Preferred stock dividends | (3,296) | (3,295) |
Segment core earnings/(losses) | 21,874 | 22,524 |
Total assets at carrying value | 19,797,777 | 18,397,236 | $ 18,694,328
Total on- and off-balance sheet program assets at principal balance | 20,506,913 | 19,379,443 |
Farm & Ranch [Member] |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Net interest income | 15,282 | 14,941 |
Less: reconciling adjustments | (2,545) | (2,401) |
Net effective spread | 12,737 | 12,540 |
Guarantee and commitment fees | 4,744 | 4,378 |
Other income/(expense) | 480 | 557 |
Non-interest income | 5,224 | 4,935 |
Release of loan losses | 264 | 431 |
Release of reserve for losses | 129 | (21) |
Other non-interest expense | (4,799) | (4,520) |
Non-interest expense | (4,670) | (4,541) |
Core earnings before income taxes | 13,555 | 13,365 |
Income tax (expense)/benefit | (2,847) | (2,807) |
Core earnings before preferred stock dividends and attribution of income to non-controlling interest | 10,708 | 10,558 |
Preferred stock dividends | 0 | 0 |
Segment core earnings/(losses) | 10,708 | 10,558 |
Total assets at carrying value | 4,698,250 | 4,306,960 |
Total on- and off-balance sheet program assets at principal balance | 7,215,585 | 6,932,002 |
USDA Guarantees [Member] |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Net interest income | 4,442 | 5,070 |
Less: reconciling adjustments | (478) | (670) |
Net effective spread | 3,964 | 4,400 |
Guarantee and commitment fees | 224 | 166 |
Other income/(expense) | 0 | 5 |
Non-interest income | 224 | 171 |
Release of loan losses | 0 | 0 |
Release of reserve for losses | 0 | 0 |
Other non-interest expense | (1,428) | (1,193) |
Non-interest expense | (1,428) | (1,193) |
Core earnings before income taxes | 2,760 | 3,378 |
Income tax (expense)/benefit | (580) | (709) |
Core earnings before preferred stock dividends and attribution of income to non-controlling interest | 2,180 | 2,669 |
Preferred stock dividends | 0 | 0 |
Segment core earnings/(losses) | 2,180 | 2,669 |
Total assets at carrying value | 2,191,896 | 2,195,714 |
Total on- and off-balance sheet program assets at principal balance | 2,484,779 | 2,391,739 |
Rural Utilities [Member] |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Net interest income | (274) | 2,537 |
Less: reconciling adjustments | 3,507 | 413 |
Net effective spread | 3,233 | 2,950 |
Guarantee and commitment fees | 363 | 449 |
Other income/(expense) | 7 | 5 |
Non-interest income | 370 | 454 |
Release of loan losses | 0 | 0 |
Release of reserve for losses | 0 | 0 |
Other non-interest expense | (866) | (673) |
Non-interest expense | (866) | (673) |
Core earnings before income taxes | 2,737 | 2,731 |
Income tax (expense)/benefit | (575) | (574) |
Core earnings before preferred stock dividends and attribution of income to non-controlling interest | 2,162 | 2,157 |
Preferred stock dividends | 0 | 0 |
Segment core earnings/(losses) | 2,162 | 2,157 |
Total assets at carrying value | 1,443,393 | 1,043,335 |
Total on- and off-balance sheet program assets at principal balance | 2,074,714 | 1,729,797 |
Institutional Credit [Member] |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Net interest income | 18,187 | 17,832 |
Less: reconciling adjustments | (1,814) | (3,008) |
Net effective spread | 16,373 | 14,824 |
Guarantee and commitment fees | 88 | 90 |
Other income/(expense) | 0 | 0 |
Non-interest income | 88 | 90 |
Release of loan losses | 0 | 0 |
Release of reserve for losses | 0 | 0 |
Other non-interest expense | (2,159) | (1,846) |
Non-interest expense | (2,159) | (1,846) |
Core earnings before income taxes | 14,302 | 13,068 |
Income tax (expense)/benefit | (3,003) | (2,744) |
Core earnings before preferred stock dividends and attribution of income to non-controlling interest | 11,299 | 10,324 |
Preferred stock dividends | 0 | 0 |
Segment core earnings/(losses) | 11,299 | 10,324 |
Total assets at carrying value | 8,502,084 | 8,066,231 |
Total on- and off-balance sheet program assets at principal balance | 8,731,835 | 8,325,905 |
Corporate Segment [Member] |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Net interest income | 2,962 | 2,849 |
Less: reconciling adjustments | (468) | (462) |
Net effective spread | 2,494 | 2,387 |
Guarantee and commitment fees | 0 | 0 |
Other income/(expense) | 22 | (139) |
Non-interest income | 22 | (139) |
Release of loan losses | 0 | 0 |
Release of reserve for losses | 0 | 0 |
Other non-interest expense | (3,638) | (3,389) |
Non-interest expense | (3,638) | (3,389) |
Core earnings before income taxes | (1,122) | (1,141) |
Income tax (expense)/benefit | 290 | 575 |
Core earnings before preferred stock dividends and attribution of income to non-controlling interest | (832) | (566) |
Preferred stock dividends | (3,296) | (3,295) |
Segment core earnings/(losses) | (4,128) | (3,861) |
Total assets at carrying value | 2,962,154 | 2,784,996 |
Total on- and off-balance sheet program assets at principal balance | 0 | 0 |
Segment Reconciling Items [Member] |  |  |
Segment Reporting Information, Profit (Loss) [Abstract] |  |  |
Net interest income | 0 | 0 |
Less: reconciling adjustments | 1,798 | 6,128 |
Net effective spread | 1,798 | 6,128 |
Guarantee and commitment fees | (1,906) | (1,584) |
Other income/(expense) | (332) | (3,688) |
Non-interest income | (2,238) | (5,272) |
Release of loan losses | 0 | 0 |
Release of reserve for losses | 0 | 0 |
Other non-interest expense | 0 | 0 |
Non-interest expense | 0 | 0 |
Core earnings before income taxes | (440) | 856 |
Income tax (expense)/benefit | 93 | (179) |
Core earnings before preferred stock dividends and attribution of income to non-controlling interest | (347) | 677 |
Preferred stock dividends | 0 | 0 |
Segment core earnings/(losses) | (347) | 677 |
Total assets at carrying value | 0 | 0 |
Total on- and off-balance sheet program assets at principal balance | $ 0 | $ 0 |

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