Federal Agricultural Mortgage Corporation(NYSE:AGM) 
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segm...
Website: http://www.farmermac.com
Founded: 1988
Full Time Employees: 103
Sector: Financial Services
Industry: Credit Services
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At a glance:
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| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-08-09 | 2006-06-30 | 2006-03-31 | 2005-12-31 |
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interest income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities and cash equivalents | 203,409,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | 212,552,000 | 210,544,000 | 198,459,000 | 185,039,000 | 171,764,000 | 169,255,000 | 162,247,000 | 153,105,000 | 144,580,000 | 126,057,000 | 140,513,000 | 129,292,000 | 119,032,000 | 109,027,000 | 97,514,000 | 76,632,000 | 67,247,000 | 60,951,000 | 61,923,000 | 60,214,000 | 59,494,000 | 61,469,000 | 56,204,000 | 55,430,000 | 60,596,000 | 61,883,000 | 56,992,000 | 59,403,000 | 51,397,000 | 50,622,000 | 49,396,000 | 45,653,000 | 44,801,000 | 40,924,000 | 39,573,000 | 36,852,000 | 48,068,000 | 29,731,000 | 28,814,000 | 27,964,000 | 21,197,000 | 24,966,000 | 24,669,000 | 24,043,000 | 22,348,000 | 24,112,000 | 28,031,000 | 29,153,000 | 29,762,000 | 29,843,000 | 30,461,000 | 29,110,000 | 29,738,000 | 29,174,000 | 32,142,000 | 33,418,000 | 8,815,000 | 8,896,000 | 10,485,000 | 10,364,000 | 11,718,000 | 11,643,000 | 11,831,000 | 11,636,000 | 11,199,000 | 11,319,000 | 12,092,000 | 11,847,000 | 11,847,000 | 11,383,000 | |
total interest income | 415,961,000 | 416,470,000 | 415,341,000 | 399,022,000 | 381,414,000 | 395,765,000 | 407,728,000 | 403,706,000 | 396,317,000 | 351,373,000 | 381,811,000 | 343,832,000 | 315,272,000 | 267,727,000 | 193,790,000 | 144,936,000 | 112,220,000 | 105,805,000 | 104,472,000 | 107,085,000 | 107,427,000 | 117,424,000 | 108,635,000 | 127,621,000 | 149,854,000 | 162,954,000 | 161,496,000 | 165,128,000 | 155,515,000 | 142,615,000 | 135,670,000 | 119,546,000 | 111,371,000 | 104,497,000 | 98,047,000 | 86,617,000 | 114,639,000 | 66,918,000 | 66,392,000 | 63,951,000 | 44,356,000 | 62,975,000 | 61,745,000 | 61,498,000 | 56,151,000 | 63,810,000 | 71,578,000 | 73,131,000 | 72,642,000 | 71,121,000 | 66,852,000 | 64,072,000 | 62,077,000 | 58,575,000 | 57,327,000 | 60,732,000 | 42,828,000 | 41,750,000 | 47,153,000 | 56,191,000 | 60,583,000 | 66,812,000 | 72,109,000 | 76,694,000 | 71,511,000 | 69,714,000 | 65,947,000 | 61,562,000 | 61,562,000 | 56,176,000 | |
total interest expense | 314,565,000 | 311,949,000 | 316,864,000 | 302,225,000 | 290,475,000 | 302,397,000 | 320,937,000 | 316,366,000 | 309,949,000 | 269,204,000 | 294,168,000 | 265,155,000 | 236,214,000 | 194,092,000 | 125,937,000 | 75,534,000 | 50,345,000 | 48,415,000 | 49,467,000 | 51,956,000 | 54,176,000 | 61,157,000 | 63,974,000 | 79,273,000 | 108,542,000 | 113,584,000 | 121,384,000 | 122,074,000 | 114,916,000 | 97,557,000 | 91,737,000 | 76,317,000 | 70,088,000 | 64,935,000 | 58,316,000 | 49,546,000 | 69,201,000 | 34,735,000 | 34,528,000 | 33,162,000 | 69,221,000 | 34,787,000 | 33,584,000 | 33,128,000 | 33,358,000 | 33,448,000 | 36,961,000 | 38,923,000 | 39,277,000 | 39,412,000 | 37,640,000 | 37,053,000 | 36,308,000 | 33,526,000 | 35,719,000 | 37,115,000 | 23,031,000 | 21,849,000 | 23,713,000 | 31,095,000 | 39,260,000 | 42,454,000 | 54,171,000 | 66,177,000 | 63,032,000 | 60,632,000 | 56,840,000 | ||||
net interest income | 101,396,000 | 104,521,000 | 98,477,000 | 96,797,000 | 90,939,000 | 93,368,000 | 86,791,000 | 87,340,000 | 86,368,000 | 82,169,000 | 87,643,000 | 78,677,000 | 79,058,000 | 73,635,000 | 67,853,000 | 69,402,000 | 61,875,000 | 57,390,000 | 55,005,000 | 55,129,000 | 53,251,000 | 56,267,000 | 44,661,000 | 48,348,000 | 41,312,000 | 49,370,000 | 40,112,000 | 43,054,000 | 40,599,000 | 45,058,000 | 43,933,000 | 43,229,000 | 41,283,000 | 39,562,000 | 39,731,000 | 37,071,000 | 45,438,000 | 32,183,000 | 31,864,000 | 30,789,000 | -24,865,000 | 28,188,000 | 28,161,000 | 28,370,000 | 22,793,000 | 30,362,000 | 34,617,000 | 34,208,000 | 33,365,000 | 31,709,000 | 29,212,000 | 27,019,000 | 25,769,000 | 25,049,000 | 21,608,000 | 23,617,000 | 19,797,000 | 19,901,000 | 23,440,000 | 25,096,000 | 21,323,000 | 24,358,000 | 17,938,000 | 10,517,000 | 8,479,000 | 9,082,000 | 9,107,000 | 9,101,000 | 9,101,000 | 8,900,000 | |
provision for losses | -4,308,000 | -15,986,000 | -7,477,000 | -7,713,000 | -547,000 | -56,000 | -129,500 | -366,000 | -913,000 | -3,263,000 | -653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after provision for losses | 97,088,000 | 88,535,000 | 91,000,000 | 89,084,000 | 78,511,000 | 61,819,000 | 40,716,750 | 54,639,000 | 55,890,000 | 52,338,000 | 53,004,000 | 44,008,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guarantee and commitment fees | 5,837,000 | 5,259,000 | 5,021,000 | 4,816,000 | 4,479,000 | 4,009,000 | 4,015,000 | 3,797,000 | 3,917,000 | 3,770,000 | 5,520,000 | 3,489,000 | 3,933,000 | 3,489,000 | 2,643,000 | 3,213,000 | 3,695,000 | 3,487,000 | 3,155,000 | 2,997,000 | 3,030,000 | 3,054,000 | 3,159,000 | 3,140,000 | 3,196,000 | 3,401,000 | 3,349,000 | 3,403,000 | 3,513,000 | 3,490,000 | 3,481,000 | 3,499,000 | 3,484,000 | 3,314,000 | 3,472,000 | 3,844,000 | 4,571,000 | 3,532,000 | 3,388,000 | 3,377,000 | 4,997,000 | 6,819,000 | 6,759,000 | 6,612,000 | 6,568,000 | 6,401,000 | 6,064,000 | 5,930,000 | 5,966,000 | 6,148,000 | 6,320,000 | 6,387,000 | 6,485,000 | 5,977,000 | 5,710,000 | 5,919,000 | 8,168,000 | 7,908,000 | 7,410,000 | 7,807,000 | 7,281,000 | 6,659,000 | 6,634,000 | 6,421,000 | 6,354,000 | 5,858,000 | 5,548,000 | 5,288,000 | 5,288,000 | 5,049,000 | |
gains on financial derivatives | 1,140,000 | 80,000 | -2,636,000 | 4,290,000 | -1,934,000 | 2,079,000 | -1,881,000 | 2,671,000 | 1,693,000 | 399,000 | 3,418,000 | 16,074,000 | -3,066,000 | 4,293,000 | 3,093,000 | -564,000 | 6,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 752,000 | -775,000 | 1,482,000 | 1,040,000 | 1,436,000 | -312,000 | 1,418,000 | 674,000 | 1,249,000 | 932,000 | 1,271,000 | 767,000 | 1,201,000 | 746,000 | 651,000 | 479,000 | 675,000 | 469,000 | 582,000 | 435,000 | 583,000 | 848,000 | 594,000 | 1,229,000 | 816,000 | 526,000 | 530,000 | 355,000 | 493,000 | 365,000 | 320,000 | 574,000 | -58,000 | 203,000 | 134,000 | 553,000 | -110,000 | 1,060,000 | 260,000 | 613,000 | -804,000 | 565,000 | 873,000 | 1,080,000 | 890,000 | 959,000 | 771,000 | 721,000 | 1,102,000 | 726,000 | 1,124,000 | 3,898,000 | 64,000 | 140,000 | 211,000 | 829,000 | 874,000 | 101,000 | 234,000 | 98,000 | 192,000 | 662,000 | 461,000 | 712,000 | 42,000 | 409,000 | 846,000 | 58,000 | 58,000 | 169,000 | |
non-interest income | 7,729,000 | 2,936,000 | 5,485,000 | 5,837,000 | 3,380,000 | 7,888,000 | 3,669,000 | 2,526,000 | 7,314,000 | 2,780,000 | 9,505,000 | 5,871,000 | 5,355,000 | 5,416,000 | 4,192,000 | 7,302,000 | 20,491,000 | 8,240,000 | 1,791,000 | 526,000 | 8,837,000 | 7,486,000 | 2,384,000 | 11,271,000 | -5,088,000 | 12,732,000 | 3,690,000 | 4,439,000 | 6,380,000 | 239,000 | 2,673,000 | 4,299,000 | 18,207,000 | 12,445,000 | 14,178,000 | 15,047,000 | 2,277,000 | 26,274,000 | 2,234,000 | ||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation and employee benefits | 21,257,000 | 18,199,000 | 17,743,000 | 17,631,000 | 17,752,000 | 15,641,000 | 15,237,000 | 14,840,000 | 18,257,000 | 15,523,000 | 14,103,000 | 13,937,000 | 15,351,000 | 12,105,000 | 11,648,000 | 11,715,000 | 13,298,000 | 11,246,000 | 10,027,000 | 9,779,000 | 11,795,000 | 9,497,000 | 8,791,000 | 8,087,000 | 10,127,000 | 6,732,000 | 7,654,000 | 6,770,000 | 7,606,000 | 6,777,000 | 6,936,000 | 6,654,000 | 5,247,000 | 5,987,000 | 6,682,000 | 6,317,000 | 6,110,000 | 5,236,000 | 5,733,000 | 5,693,000 | 5,217,000 | 4,523,000 | 4,571,000 | 4,698,000 | 5,752,000 | 4,375,000 | 4,574,000 | 4,485,000 | 3,916,000 | 4,805,000 | 4,666,000 | 4,497,000 | 5,313,000 | 4,501,000 | 3,907,000 | 3,511,000 | 2,896,000 | 3,572,000 | 4,025,000 | 3,939,000 | 3,748,000 | 3,929,000 | 3,650,000 | 3,459,000 | 3,719,000 | 3,137,000 | 3,185,000 | 2,673,000 | 2,673,000 | 2,904,000 | |
general and administrative | 11,262,000 | 11,944,000 | 11,052,000 | 10,859,000 | 10,758,000 | 12,452,000 | 8,625,000 | 8,904,000 | 8,255,000 | 8,916,000 | 9,100,000 | 9,420,000 | 7,527,000 | 8,055,000 | 6,919,000 | 7,520,000 | 7,278,000 | 8,492,000 | 6,330,000 | 6,349,000 | 6,336,000 | 6,274,000 | 5,044,000 | 5,295,000 | 5,363,000 | 5,773,000 | 5,253,000 | 4,689,000 | 4,596,000 | 4,350,000 | 5,202,000 | 4,326,000 | 4,348,000 | 3,890,000 | 3,921,000 | 3,800,000 | 5,236,000 | 3,676,000 | 3,374,000 | 2,823,000 | 3,738,000 | 2,827,000 | 2,715,000 | 2,917,000 | 2,913,000 | 2,788,000 | 2,664,000 | 2,758,000 | 2,315,000 | 2,505,000 | 2,656,000 | 2,256,000 | 2,235,000 | 1,775,000 | 2,051,000 | 2,503,000 | 2,432,000 | 2,986,000 | 2,914,000 | 3,540,000 | 4,061,000 | 2,242,000 | 2,028,000 | 1,982,000 | 2,237,000 | 2,337,000 | 2,357,000 | 2,577,000 | 2,577,000 | 2,758,000 | |
regulatory fees | 863,000 | 863,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 725,000 | 725,000 | 725,000 | 725,000 | 831,000 | 831,000 | 835,000 | 832,000 | 812,000 | 813,000 | 812,000 | 812,000 | 750,000 | 750,000 | 750,000 | 750,000 | 725,000 | 725,000 | 725,000 | 725,000 | 688,000 | 687,000 | 688,000 | 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | 663,000 | 600,000 | 600,000 | 600,000 | 600,000 | 593,000 | 594,000 | 594,000 | 594,000 | 562,000 | 562,000 | 563,000 | 563,000 | 550,000 | 573,000 | 591,000 | 550,000 | 568,000 | 562,000 | 563,000 | 512,000 | 512,000 | 513,000 | 512,000 | 513,000 | 512,000 | 513,000 | 550,000 | 550,000 | 550,000 | 588,000 | 588,000 | 588,000 | 588,000 | |
operating expenses | 33,382,000 | 31,006,000 | 29,795,000 | 29,490,000 | 29,510,000 | 29,093,000 | 24,783,000 | 24,469,000 | 27,237,000 | 25,164,000 | 24,034,000 | 24,188,000 | 23,713,000 | 21,811,000 | 19,379,000 | 20,048,000 | 21,388,000 | 20,550,000 | 17,107,000 | 16,878,000 | 18,881,000 | 16,521,000 | 14,560,000 | 14,107,000 | 16,215,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 71,435,000 | 60,465,000 | 66,690,000 | 65,431,000 | 63,125,000 | 68,390,000 | 62,249,000 | 59,218,000 | 68,246,000 | 60,411,000 | 73,250,000 | 59,287,000 | 60,153,000 | 55,218,000 | 52,049,000 | 58,028,000 | 60,922,000 | 46,458,000 | 39,323,000 | 39,538,000 | 42,294,000 | 43,969,000 | 31,832,000 | 45,061,000 | 16,571,000 | 41,241,000 | 22,462,000 | 43,156,000 | 31,792,000 | 37,748,000 | 36,968,000 | 32,257,000 | 33,272,000 | 32,975,000 | 31,758,000 | 32,681,000 | 39,459,000 | 17,945,000 | 39,108,000 | 22,845,000 | -35,474,000 | 30,067,000 | 31,304,000 | 40,124,000 | 13,976,000 | 34,107,000 | 9,979,750 | 13,148,000 | 8,846,000 | 17,925,000 | 46,049,000 | 33,546,000 | 28,147,000 | 5,920,000 | 11,637,000 | 11,637,000 | 7,671,000 | ||||||||||||||
income tax expense | 12,312,000 | 12,541,000 | 11,687,000 | 10,594,000 | 13,474,000 | 11,876,000 | 12,421,000 | 12,113,000 | 14,500,000 | 12,792,000 | 15,113,000 | 12,075,000 | 13,118,000 | 11,800,000 | 10,631,000 | 12,132,000 | 13,085,000 | 9,774,000 | 8,260,000 | 8,252,000 | 9,067,000 | 9,269,000 | 6,340,000 | 9,435,000 | 3,741,000 | 8,743,000 | 4,629,000 | 9,111,000 | 6,622,000 | 7,979,000 | 7,332,000 | 6,438,000 | 13,266,000 | 11,193,000 | 11,124,000 | 10,786,000 | 17,730,000 | 6,327,000 | -27,154,000 | 8,226,000 | 8,716,000 | 11,654,000 | 2,539,000 | 9,517,000 | 1,494,250 | 885,000 | 756,000 | 4,336,000 | 16,534,000 | 11,555,000 | 9,218,000 | 1,438,000 | 3,458,000 | 3,458,000 | 2,074,000 | ||||||||||||||||
net income | 59,123,000 | 47,924,000 | 55,003,000 | 54,837,000 | 49,651,000 | 56,514,000 | 49,828,000 | 47,105,000 | 53,746,000 | 47,619,000 | 58,137,000 | 47,212,000 | 47,035,000 | 43,418,000 | 41,418,000 | 45,896,000 | 47,837,000 | 36,684,000 | 31,063,000 | 31,286,000 | 33,227,000 | 34,700,000 | 25,492,000 | 29,769,000 | 29,636,000 | 25,819,000 | 20,006,000 | 21,782,000 | 20,634,000 | 21,895,000 | 21,729,000 | 11,618,000 | 25,339,000 | 18,614,000 | -8,320,000 | 21,841,000 | 34,173,000 | 22,588,000 | 1,976,000 | 28,470,000 | 11,437,000 | 24,590,000 | 8,485,500 | 12,263,000 | 8,090,000 | 13,589,000 | 29,515,000 | 21,991,000 | 18,929,000 | 4,482,000 | 8,179,000 | 8,179,000 | 5,597,000 | ||||||||||||||||||
yoy | 19.08% | -15.20% | 10.39% | 16.41% | -7.62% | 18.68% | -14.29% | -0.23% | 14.27% | 9.68% | 40.37% | 2.87% | -1.68% | 18.36% | 33.34% | 46.70% | 43.97% | 5.72% | 21.85% | 36.67% | 43.63% | 17.92% | -7.93% | 87.48% | -18.57% | 17.63% | -361.17% | -46.81% | -25.85% | -17.59% | 1629.40% | -20.66% | -82.72% | 15.78% | 41.37% | 80.96% | -58.45% | 34.21% | 390.65% | 131.43% | -19.92% | ||||||||||||||||||||||||||||||
qoq | 23.37% | -12.87% | 0.30% | 10.44% | -12.14% | 13.42% | 5.78% | -12.36% | 12.87% | -18.09% | 23.14% | 0.38% | 8.33% | 4.83% | -9.76% | -4.06% | 30.40% | 18.10% | -0.71% | -5.84% | -4.24% | 36.12% | 0.45% | 14.78% | 29.06% | -8.15% | 5.56% | -5.76% | 0.76% | 87.03% | -54.15% | 36.13% | -323.73% | -138.09% | -36.09% | 51.29% | -93.06% | -53.49% | 189.79% | -30.80% | 51.58% | -40.47% | 322.33% | 0.00% | 46.13% | ||||||||||||||||||||||||||
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | Infinity% | Infinity% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | NaN% | NaN% | NaN% | Infinity% | NaN% | NaN% | Infinity% | Infinity% | NaN% | 45.22% | 45.22% | 41.96% | |
preferred stock dividends | -7,291,000 | -7,286,000 | -6,303,000 | -5,667,000 | -5,666,000 | -5,666,000 | -5,897,000 | -6,792,000 | -6,791,000 | -6,791,000 | -6,792,000 | -6,791,000 | -6,791,000 | -6,791,000 | -6,791,000 | -6,792,000 | -6,791,000 | -6,792,000 | -6,774,000 | -5,842,000 | -5,269,000 | -5,269,000 | -5,166,000 | -3,939,000 | -3,431,000 | -3,432,000 | -3,427,000 | -3,785,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -7,226,000 | -881,000 | -881,000 | -851,000 | -720,000 | -719,000 | -720,000 | -720,000 | -720,000 | -719,000 | -5,547,000 | -720,000 | -719,000 | -720,000 | -720,000 | -1,970,000 | -4,368,000 | -4,130,000 | -3,936,000 | -2,019,000 | -578,000 | -560,000 | -560,000 | -560,000 | -560,000 | -560,000 | -560,000 | -560,000 | -560,000 | -560,000 | |
net income attributable to common stockholders | 51,832,000 | 40,638,000 | 48,700,000 | 49,170,000 | 43,985,000 | 50,848,000 | 42,312,000 | 40,313,000 | 46,955,000 | 40,828,000 | 51,345,000 | 40,421,000 | 40,244,000 | 36,627,000 | 34,627,000 | 39,104,000 | 41,046,000 | 29,892,000 | 24,289,000 | 25,444,000 | 27,958,000 | 29,431,000 | 18,659,000 | 31,687,000 | 9,399,000 | 29,066,000 | 14,406,000 | 28,304,000 | 21,874,000 | 26,474,000 | 26,340,000 | 22,524,000 | 16,710,000 | 18,487,000 | 17,488,000 | 18,615,000 | 31,813,000 | 8,359,000 | 22,162,000 | 1,818,000 | -21,097,000 | 15,413,000 | 16,190,000 | 22,203,000 | |||||||||||||||||||||||||||
earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share | 4,780 | 3,740 | 4,450 | 4,500 | 4,040 | 4,660 | 3,890 | 3,710 | 4,330 | 3,770 | 4,740 | 3,730 | 3,730 | 3,390 | 3,210 | 3,620 | 3,810 | 2,780 | 2,260 | 2,360 | 2,600 | 2,740 | 1,740 | 2,950 | 880 | 2,720 | 1,340 | 2,650 | 2,050 | 2,480 | 2,470 | 2,120 | 1,570 | 1,740 | 1,650 | 1,760 | 3,180 | 760 | 2,010 | 170 | -2,000 | 1,420 | 1,510 | 2,140 | 500 | 1,780 | 235 | 580 | 180 | 170 | 2,500 | 2,150 | -840 | 1,790 | 370 | 690 | 690 | 450 | |||||||||||||
diluted earnings per common share | 4,750 | 3,690 | 4,440 | 4,480 | 4,010 | 4,620 | 3,860 | 3,680 | 4,280 | 3,730 | 4,690 | 3,700 | 3,690 | 3,360 | 3,180 | 3,600 | 3,770 | 2,750 | 2,240 | 2,350 | 2,580 | 2,730 | 1,730 | 2,940 | 870 | 2,700 | 1,330 | 2,630 | 2,030 | 2,460 | 2,450 | 2,100 | 1,540 | 1,710 | 1,620 | 1,730 | 3,120 | 740 | 1,940 | 160 | -1,930 | 1,370 | 1,450 | 2,040 | 480 | 1,720 | 227.5 | 560 | 170 | 170 | 2,490 | 2,130 | -840 | 1,740 | 370 | 670 | 670 | 440 | |||||||||||||
investments and cash equivalents | 66,422,750 | 93,398,000 | 88,985,000 | 83,308,000 | 87,160,000 | 88,879,000 | 84,538,000 | 84,924,000 | 77,715,000 | 79,947,000 | 69,779,000 | 59,703,000 | 44,162,000 | 21,581,000 | 11,200,000 | 5,716,000 | 4,553,000 | 4,121,000 | 4,457,000 | 5,529,000 | 6,908,000 | 7,096,000 | 10,399,000 | 17,741,000 | 19,804,000 | 22,855,000 | 20,156,000 | 18,707,000 | 15,123,000 | 12,095,000 | 11,463,000 | 9,752,000 | 9,223,000 | 8,368,000 | 7,243,000 | 17,898,000 | 3,185,000 | 3,094,000 | 2,865,000 | 801,000 | 5,263,000 | 5,471,000 | 5,734,000 | 6,036,000 | 6,437,000 | 6,024,000 | 6,232,000 | 7,017,000 | 6,880,000 | 7,033,000 | 7,187,000 | 8,194,000 | 6,430,000 | 6,390,000 | 6,483,000 | 6,345,000 | 7,049,000 | 8,909,000 | 16,417,000 | 20,395,000 | 35,402,000 | 41,508,000 | 46,621,000 | 41,530,000 | 38,992,000 | 35,153,000 | 30,298,000 | 30,298,000 | 26,698,000 | ||
farmer mac guaranteed securities and usda securities | 93,706,000 | 123,484,000 | 124,998,000 | 126,342,000 | 139,350,000 | 156,602,000 | 166,063,000 | 166,813,000 | 147,601,000 | 161,351,000 | 144,761,000 | 136,537,000 | 114,538,000 | 74,695,000 | 57,104,000 | 39,257,000 | 40,301,000 | 38,428,000 | 42,414,000 | 42,404,000 | 49,047,000 | 45,335,000 | 61,792,000 | 71,517,000 | 81,267,000 | 81,649,000 | 85,569,000 | 85,411,000 | 76,870,000 | 74,179,000 | 62,430,000 | 56,818,000 | 54,350,000 | 50,106,000 | 42,522,000 | 48,673,000 | 34,002,000 | 34,484,000 | 33,122,000 | ||||||||||||||||||||||||||||||||
losses on financial derivatives | -904,500 | -1,062,000 | -280,000 | -2,347,000 | -9,298,000 | -360,000 | -31,292,000 | -20,592,000 | -68,567,000 | -17,806,000 | -7,422,750 | -19,021,000 | -41,720,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sale of mortgage loans | -1,147,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of available-for-sale investment securities | 1,052,000 | 253,000 | 6,000 | 768,250 | 3,071,000 | 2,000 | -10,000 | 28,000 | 74,000 | 38,000 | 157,000 | 2,000 | 24,000 | 240,000 | 3,150,000 | 150,000 | 87,000 | 21,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
release of reserve for losses | 11,500 | 44,000 | 101,000 | 110,000 | 167,000 | 163,000 | 110,000 | 222,000 | 400,000 | -1,934,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on retirement of preferred stock | -1,619,000 | -1,667,000 | -1,956,000 | -2,036,750 | -8,147,000 | -5,784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(provision for)/release of reserve for losses | -99,000 | -69,000 | -203,000 | -393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(provision for)/release of losses | -1,684,000 | -1,951,500 | -3,428,000 | -1,073,000 | -3,438,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after (provision for)/release of losses | 89,255,000 | 63,173,250 | 83,363,000 | 77,604,000 | 37,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of/(provision for) reserve for losses | -99,000 | 170,000 | -56,750 | 45,000 | 50,000 | 111,000 | 944,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate owned operating costs | 196,000 | 64,000 | 16,000 | 23,000 | -8,000 | 48,000 | -1,000 | -310,000 | 35,000 | 259,000 | 126,000 | 47,000 | 66,000 | 15,000 | 6,000 | 82,000 | 142,000 | 231,000 | 368,000 | 674,000 | 1,189,000 | 10,000 | 203,000 | -16,000 | 21,000 | 25,500 | 15,000 | 38,000 | 49,000 | -31,000 | -11,000 | 22,000 | 22,000 | 115,000 | |||||||||||||||||||||||||||||||||||||
benefit from losses | -6,179,000 | -451,000 | 746,000 | 737,000 | 105,000 | 2,519,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from losses | 81,161,000 | 47,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest income/ | 3,744,000 | 6,796,000 | 475,000 | 12,187,250 | 9,821,000 | 26,483,000 | 8,374,000 | 8,464,000 | 24,798,000 | 26,980,000 | 45,630,000 | 15,909,000 | -13,926,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on financial derivatives | -1,799,000 | 298,250 | -7,360,000 | 11,349,000 | -6,864,000 | -15,840,000 | -5,804,000 | -7,733,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit from)/release of reserve for losses | -51,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of/(benefit from) losses | 1,801,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after release of/(benefit from) losses | 88,169,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of/(benefit from) reserve for losses | 69,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of/(provision for) losses | -371,000 | 136,000 | 1,372,000 | 761,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after release of/(provision for) losses | 60,973,500 | 87,779,000 | 70,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on trading securities | 3,500 | -2,000 | -9,000 | 25,000 | 29,000 | -77,000 | 37,000 | -62,000 | -13,000 | 223,000 | -258,000 | 106,000 | 61,000 | 44,000 | 170,000 | 362,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit from)/release of losses | 174,750 | -617,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after/release of losses | 49,501,000 | 67,236,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on financial derivatives | 5,387,750 | 772,000 | 6,523,000 | 8,913,000 | 4,005,000 | 21,528,000 | 1,711,000 | 31,050,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on trading securities | -18,750 | -41,000 | -21,000 | -3,000 | -2,000 | -82,000 | 131,000 | -8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on trading securities | -63,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of real estate owned | -22,000 | 485,000 | 34,000 | 196,000 | 32,000 | 757,000 | 1,124,000 | 47,000 | 262,000 | 627,000 | 97,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(provision)/release of reserve for losses | 290,000 | -547,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to farmer mac | 35,626,000 | 12,830,000 | 32,498,000 | 17,833,000 | 34,045,000 | 25,170,000 | 29,769,000 | 29,636,000 | 25,819,000 | 20,006,000 | 21,782,000 | 20,784,000 | 21,910,000 | 26,962,000 | 11,654,000 | 25,458,000 | 13,260,000 | -13,871,000 | 16,294,000 | 17,041,000 | 22,923,000 | 5,890,000 | 19,043,000 | 4,695,500 | 6,717,000 | 2,544,000 | 9,521,000 | ||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | -2,430,000 | -760,000 | -99,000 | -474,000 | -270,000 | -327,000 | -637,000 | -76,000 | -430,000 | -420,000 | -1,281,000 | -501,000 | -412,000 | -2,850,000 | -3,098,000 | -3,534,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 46,940,000 | 39,352,000 | 44,959,000 | 40,809,000 | 39,292,000 | 39,404,000 | 36,434,000 | 30,713,000 | 27,940,000 | 33,788,000 | 25,738,000 | 25,268,000 | 24,637,000 | 20,767,000 | 16,699,000 | 25,594,000 | 19,906,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on trading securities | 172,000 | 49,000 | 11,000 | 16,000 | -21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sale of real estate owned | -5,000 | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest (loss)/income | 3,247,500 | -3,432,000 | 3,425,250 | -4,981,000 | -27,281,000 | -7,885,000 | -1,461,250 | -3,351,000 | -85,317,000 | -120,877,000 | -24,514,000 | -17,588,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(release of)/benefit from reserve for losses | 421,000 | -137,000 | -158,000 | -102,000 | -193,000 | -772,000 | -175,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest expense | 13,651,000 | 13,458,000 | 12,052,000 | 12,761,000 | 11,650,000 | 12,921,000 | 11,642,000 | 10,210,000 | 10,616,000 | 11,390,000 | 10,549,000 | 10,703,000 | 10,421,000 | 10,853,000 | 8,343,000 | 6,006,000 | 8,441,000 | 7,964,000 | 9,081,000 | 6,109,000 | 7,748,000 | 9,209,000 | 7,842,000 | 7,240,000 | 7,550,000 | 7,191,000 | 6,678,000 | 9,509,000 | 8,138,000 | 9,861,000 | 5,119,000 | 6,132,000 | 6,525,000 | 9,992,000 | 11,405,000 | 8,246,000 | 6,721,000 | 6,240,000 | 6,346,000 | 6,606,000 | 5,611,000 | ||||||||||||||||||||||||||||||
(benefit from)/release of loan losses | -578,000 | -424,000 | 165,750 | -137,000 | -160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after/release of loan losses | 42,476,000 | 43,509,000 | 24,962,500 | 30,225,000 | 29,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of loan losses | 264,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after release of loan losses | 40,863,000 | 43,660,000 | 21,329,250 | 28,687,000 | 28,690,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(release of)/provision for reserve for losses | -129,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on financial derivatives and hedging activities | 628,000 | 2,534,000 | 632,500 | 661,000 | 2,486,000 | 14,389,000 | 5,625,250 | 3,024,000 | 14,983,000 | -5,833,500 | 1,558,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on sale of real estate owned | -41,000 | -250 | 62,250 | -13,000 | 180,000 | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interest | 41,250 | 150,000 | 15,000 | -5,354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share and dividends: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends per common share | 580 | 580 | 580 | 270 | 360 | 360 | 360 | 120 | 160 | 160 | 160 | 90 | 120 | 120 | 120 | 100 | 100 | 100 | 100 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | ||||||||||||||||||||||||||||||
benefit from/(release of) reserve for losses | 158,000 | 21,000 | -10,000 | 114,000 | 139,000 | 308,750 | 861,000 | 1,146,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of/(benefit from) loan losses | 431,000 | 363,000 | 499,000 | 1,220,000 | -273,000 | 349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on financial derivatives and hedging activities | -3,850,000 | -617,000 | 234,750 | -9,568,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on sale of available-for-sale investment securities | 89,000 | 2,250 | 3,000 | 63,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sale of available-for-sale investment securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of/(benefit from) allowance for loan losses | 244,500 | 1,164,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after release of/(benefit from) allowance for loan losses | 23,953,500 | 33,347,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income/(income) attributable to non-controlling interest | 5,233,000 | 36,000 | 119,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit from)/release of allowance for loan losses | -110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after/release of allowance for loan losses | 31,754,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on sale of real estate owned | 302,500 | 39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense/ | 13,769,000 | 4,231,000 | 13,036,000 | 4,329,750 | 8,294,000 | 13,097,000 | 18,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on financial derivatives and hedging activities | -3,882,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac guaranteed securities and usda guaranteed securities | 24,018,000 | 32,746,000 | 31,605,000 | 31,721,000 | 27,767,000 | 33,261,000 | 37,523,000 | 37,746,000 | 35,863,000 | 34,398,000 | 29,358,000 | 27,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on trading assets | -185,750 | -626,000 | -327,000 | -607,000 | -441,000 | -5,416,000 | -14,507,000 | -17,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from/(release of) losses | 258,500 | 463,000 | 1,394,000 | 30,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interest - preferred stock dividends | -5,551,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,546,000 | -4,068,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of allowance for loan losses | 529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) before income taxes | 47,209,000 | 17,603,000 | 30,941,000 | 35,365,000 | 55,544,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) attributable to farmer mac | 28,626,000 | 9,113,000 | 17,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) attributable to common stockholders | 27,745,000 | 8,573,250 | 16,381,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings/(loss) per common share and dividends: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings/(loss) per common share | 2,570 | 820 | 1,560 | 1,770 | 3,310 | -580 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings/(loss) per common share | 2,480 | 780 | 1,490 | 1,740 | 3,310 | -580 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on financial derivatives and hedging activities | 4,494,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on trading assets | 210,000 | 1,099,000 | 1,968,000 | 1,311,000 | 5,058,000 | 3,367,000 | 31,625,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lower of cost or fair value adjustment on loans held for sale | 9,851,000 | -156,000 | -808,000 | -5,658,000 | -906,000 | 90,000 | -2,274,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(release of)/benefit from losses | -3,197,000 | -43,000 | 364,000 | -452,000 | -935,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/ | 13,273,250 | 22,647,000 | 22,268,000 | 37,454,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after release of/(benefit from) loan losses | 35,837,000 | 21,712,000 | 32,058,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest (loss)/income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on trading assets | -3,086,000 | -88,500 | -3,633,000 | 1,675,750 | -1,722,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/income before income taxes | -653,000 | 4,296,500 | -30,897,000 | -85,426,000 | -108,531,000 | -12,816,000 | -13,417,000 | -9,770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit)/expense | -2,629,000 | -518,750 | -14,131,000 | -26,327,000 | -2,973,000 | -5,119,000 | -5,407,000 | -4,072,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income attributable to farmer mac | -3,571,000 | 655,000 | -22,313,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income attributable to common stockholders | -4,291,000 | 115,250 | -23,032,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/earnings per common share and dividends: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic (loss)/earnings per common share | -410 | 10 | -2,220 | -6,070 | -10,550 | -820 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted (loss)/earnings per common share | -410 | 10 | -2,220 | -6,070 | -10,550 | -820 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest loss: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest loss | -12,060,750 | -55,405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income | 4,815,250 | -16,766,000 | -59,099,000 | -105,558,000 | -7,697,000 | -8,010,000 | -5,698,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interest - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 5,170,000 | 18,323,000 | 2,397,000 | 5,997,000 | 1,824,000 | 1,767,000 | 25,385,000 | 21,431,000 | 18,369,000 | 3,922,000 | 7,619,000 | 7,619,000 | 5,037,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac and usda guaranteed securities | 24,145,000 | 22,971,000 | 18,795,000 | 20,831,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses | -1,621,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of loans and farmer mac guaranteed securities | 1,581,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recoveries/(provision) for loan losses | 1,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after recoveries/(provision) for loan losses | 23,478,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest (expense)/income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on sale of available-for-sale investment securities | -300,000 | 16,250 | -85,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest (expense)/income | -4,771,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate owned operating costs/(income) | 298,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision/(recoveries) for losses | 3,043,000 | 89,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(recoveries)/benefit from losses | -1,468,000 | -529,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac guaranteed securities | 27,668,000 | 25,805,000 | 27,759,000 | 29,410,000 | 28,470,000 | 19,767,000 | 18,770,000 | 18,437,000 | 18,782,000 | 19,403,000 | 18,702,000 | 19,417,000 | 19,417,000 | 18,095,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on trading assets | 25,047,000 | 35,000 | 10,111,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on repurchase of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) available to common stockholders | 17,900,000 | 33,518,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recoveries for loan losses | 5,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment - credit losses | -2,292,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses on available-for-sale investment securities | -81,000 | -3,788,000 | -97,108,000 | -5,344,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(provision)/recovery for loan losses | -13,800,000 | -731,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after (provision)/recovery for loan losses | 11,296,000 | 20,592,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of farmer mac guaranteed securities | -22,000 | 1,531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the repurchase of debt | 24,000 | 840,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of real estate owned | 98,000 | 32,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(recovery)/benefit from losses | -22,750 | -91,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income available to common stockholders | -61,118,000 | -106,136,000 | -8,257,000 | -8,570,000 | -6,258,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recovery/(provision) for loan losses | 215,000 | 525,000 | 594,000 | 594,000 | 1,013,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after recovery/(provision) for loan losses | 24,358,000 | 17,938,000 | 10,517,000 | 8,479,000 | 9,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision/(recovery) for losses | 386,000 | 100,000 | -413,000 | -643,000 | 592,000 | 592,000 | -696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on financial derivatives and trading assets | -24,906,000 | -4,033,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
representation and warranty claims income | 718,000 | 718,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on financial derivatives and trading assets | 19,825,000 | 2,026,000 | 2,026,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after recovery/(provision)for loan losses | 9,632,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gains on financial derivatives and trading assets | -20,320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest expense/ | 5,476,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 52,461,000 | 52,461,000 | 47,276,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after recovery/ | 9,695,000 | 9,695,000 | 9,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
for loan losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on the sale of real estate owned | 304,000 | 304,000 | 210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 18,089,000 | 18,089,000 | 13,340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 0.00% | 35.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 6,452,000 | 6,452,000 | 5,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on financial derivatives and trading assets | -2,001,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 931,067,000 | 901,023,000 | 1,030,329,000 | 1,048,135,000 | 1,024,007,000 | 842,056,000 | 922,961,000 | 745,105,000 | 888,707,000 | 782,318,000 | 874,090,000 | 864,594,000 | 861,002,000 | 868,234,000 | 909,430,000 | 890,046,000 | 908,785,000 | 899,052,000 | 828,403,000 | 1,012,541,000 | 1,033,941,000 | 910,592,000 | 827,600,000 | 1,231,585,000 | 604,381,000 | 587,941,000 | 396,602,000 | 376,122,000 | 436,152,000 | 430,812,000 | 493,258,000 | 302,022,000 | 366,764,000 | 319,993,000 | 313,641,000 | 265,229,000 | 1,516,536,000 | 1,683,156,000 | 1,556,246,000 | 1,363,387,000 | 651,713,000 | 650,723,000 | 893,387,000 | 785,564,000 | 870,040,000 | 752,502,000 | 974,963,000 | 817,046,000 | 825,014,000 | 768,335,000 | 779,443,000 | 729,920,000 | 453,273,000 | 325,333,000 | 418,211,000 | 654,794,000 | 274,894,000 | 362,858,000 | 278,412,000 | 50,661,000 | 712,374,000 | 199,989,000 | 101,445,000 | 572,426,000 | 572,261,000 | 816,930,000 | 877,714,000 | 804,602,000 | 348,951,000 | 413,619,000 |
investment securities | 17,550,379,000 | 5,973,301,000 | 4,628,268,000 | 1,131,895,000 | 2,624,366,000 | 2,677,885,000 | 2,464,097,000 | 2,273,679,000 | 1,830,904,000 | 1,896,260,000 | 2,007,895,000 | 1,884,011,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans, net of allowance | 13,840,378,000 | 11,166,984,000 | 8,997,191,000 | 8,535,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held in trusts | 2,480,898,000 | 2,037,654,000 | 1,211,116,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 567,435,000 | 519,210,000 | 595,552,000 | 283,876,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 35,370,157,000 | 33,379,560,000 | 32,995,909,000 | 31,803,939,000 | 31,324,742,000 | 30,615,221,000 | 30,194,314,000 | 29,772,191,000 | 29,524,382,000 | 28,311,381,000 | 27,659,565,000 | 27,939,947,000 | 27,333,110,000 | 26,441,588,000 | 25,916,403,000 | 25,789,414,000 | 25,145,491,000 | 24,744,368,000 | 24,181,245,000 | 24,013,911,000 | 24,355,501,000 | 23,998,837,000 | 23,932,656,000 | 23,180,110,000 | 21,709,374,000 | 21,315,234,000 | 20,738,160,000 | 19,797,777,000 | 18,474,034,000 | 18,626,771,000 | 18,397,236,000 | 17,792,274,000 | 17,690,238,000 | 17,267,385,000 | 15,931,757,000 | 15,606,020,000 | 14,853,845,000 | 15,144,597,000 | 14,849,685,000 | 14,287,821,000 | 13,085,007,000 | 12,935,951,000 | 12,892,672,000 | 12,622,201,000 | 12,502,481,000 | 12,050,414,000 | 12,311,411,000 | 11,883,508,000 | 11,430,507,000 | 10,444,828,000 | 9,955,612,000 | 9,479,914,000 | 8,222,742,000 | 7,099,490,000 | 7,479,165,000 | 6,138,813,000 | 5,733,731,000 | 5,322,684,000 | 5,107,307,000 | 4,658,688,000 | 6,064,390,000 | 5,506,014,000 | 4,977,613,000 | 5,425,983,000 | 5,277,108,000 | 5,275,762,000 | 4,953,673,000 | 4,892,700,000 | 4,473,336,000 | |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 30,822,570,000 | 29,196,780,000 | 28,843,331,000 | 27,975,196,000 | 27,371,174,000 | 27,129,456,000 | 26,542,671,000 | 26,509,011,000 | 26,336,542,000 | 25,123,545,000 | 24,510,004,000 | 24,837,391,000 | 24,469,113,000 | 23,500,657,000 | 23,474,095,000 | 23,039,967,000 | 22,716,156,000 | 22,365,121,000 | 21,706,254,000 | 21,560,310,000 | 21,848,917,000 | 21,589,285,000 | 21,421,550,000 | 20,665,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||
debt securities of consolidated trusts held by third parties | 2,365,435,000 | 2,089,042,000 | 2,157,962,000 | 1,894,920,000 | 1,929,628,000 | 1,616,513,000 | 1,662,549,000 | 1,325,289,000 | 1,351,069,000 | 1,334,014,000 | 1,357,763,000 | 1,374,332,000 | 1,181,948,000 | 1,090,539,000 | 866,107,000 | 895,145,000 | 981,379,000 | 990,961,000 | 1,120,293,000 | 1,188,521,000 | 1,292,416,000 | 1,476,964,000 | 1,549,527,000 | 1,616,504,000 | 1,532,401,000 | 1,570,862,000 | 1,567,195,000 | 1,486,733,000 | 1,449,888,000 | 1,463,653,000 | 1,404,945,000 | 1,333,417,000 | 1,249,627,000 | 1,212,792,000 | 1,142,704,000 | 612,994,000 | 516,004,000 | 457,903,000 | 424,214,000 | 178,076,000 | 168,488,000 | 167,250,000 | 167,621,000 | 163,909,000 | 184,499,000 | 656,801,000 | 701,583,000 | 713,546,000 | 755,357,000 | 781,971,000 | 827,411,000 | 849,430,000 | 882,629,000 | 1,337,331,000 | ||||||||||||||||
total liabilities | 33,651,208,000 | 31,692,477,000 | 31,451,602,000 | 30,278,293,000 | 29,835,716,000 | 29,152,877,000 | 28,693,335,000 | 28,291,848,000 | 28,112,519,000 | 26,926,114,000 | 26,313,010,000 | 26,647,562,000 | 26,061,152,000 | 25,209,565,000 | 24,704,055,000 | 24,596,570,000 | 23,941,078,000 | 23,547,070,000 | 23,001,030,000 | 22,936,419,000 | 23,363,024,000 | 23,068,492,000 | 23,108,540,000 | 22,486,493,000 | 20,910,098,000 | 20,564,975,000 | 19,964,418,000 | 19,034,479,000 | 17,696,443,000 | 17,860,559,000 | 17,651,970,000 | 17,084,128,000 | 16,996,072,000 | 16,586,456,000 | 15,265,735,000 | 14,962,373,000 | 14,313,299,000 | 14,568,304,000 | 14,267,185,000 | 13,505,992,000 | 12,479,759,000 | 12,333,630,000 | 12,263,844,000 | 12,029,239,000 | 11,902,168,000 | 11,468,386,000 | 11,734,555,000 | 11,328,975,000 | 10,883,446,000 | 9,924,221,000 | 9,467,169,000 | 9,001,037,000 | 7,727,374,000 | 6,626,012,000 | 7,032,076,000 | 5,798,406,000 | 5,384,550,000 | 5,039,170,000 | 4,947,743,000 | 4,487,760,000 | 5,826,899,000 | 5,306,051,000 | 4,754,020,000 | 5,173,854,000 | 5,020,484,000 | 5,028,133,000 | 4,705,184,000 | 4,647,859,000 | 4,219,173,000 | |
total equity | 1,718,949,000 | 1,687,083,000 | 1,544,307,000 | 1,525,646,000 | 1,489,026,000 | 1,462,344,000 | 1,500,979,000 | 1,480,343,000 | 1,411,863,000 | 1,385,267,000 | 1,346,555,000 | 1,292,385,000 | 1,271,958,000 | 1,232,023,000 | 1,212,348,000 | 1,192,844,000 | 1,204,413,000 | 1,197,298,000 | 1,180,215,000 | 1,077,492,000 | 992,477,000 | 930,345,000 | 824,116,000 | 693,617,000 | 799,276,000 | 750,259,000 | 773,742,000 | 763,298,000 | 777,591,000 | 766,212,000 | 745,266,000 | 708,146,000 | 694,166,000 | 680,929,000 | 666,022,000 | 643,647,000 | 540,546,000 | 576,293,000 | 582,500,000 | 781,829,000 | 605,248,000 | 602,321,000 | 628,828,000 | 592,962,000 | 600,313,000 | 582,028,000 | 576,856,000 | 554,533,000 | 547,061,000 | 520,607,000 | 488,443,000 | 478,877,000 | 495,368,000 | 473,478,000 | 447,089,000 | |||||||||||||||
total liabilities and equity | 35,370,157,000 | 33,379,560,000 | 32,995,909,000 | 31,803,939,000 | 31,324,742,000 | 30,615,221,000 | 30,194,314,000 | 29,772,191,000 | 29,524,382,000 | 28,311,381,000 | 27,659,565,000 | 27,939,947,000 | 27,333,110,000 | 26,441,588,000 | 25,916,403,000 | 25,789,414,000 | 25,145,491,000 | 24,744,368,000 | 24,181,245,000 | 24,013,911,000 | 24,355,501,000 | 23,998,837,000 | 23,932,656,000 | 23,180,110,000 | 21,709,374,000 | 21,315,234,000 | 20,738,160,000 | 19,797,777,000 | 18,474,034,000 | 18,626,771,000 | 18,397,236,000 | 17,792,274,000 | 17,690,238,000 | 17,267,385,000 | 15,931,757,000 | 15,606,020,000 | 14,853,845,000 | 15,144,597,000 | 14,849,685,000 | 14,287,821,000 | 13,085,007,000 | 12,935,951,000 | 12,892,672,000 | 12,622,201,000 | 12,502,481,000 | 12,050,414,000 | 12,311,411,000 | 11,883,508,000 | 11,430,507,000 | 10,444,828,000 | 9,955,612,000 | |||||||||||||||||||
assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale, at fair value | 6,655,946,000 | 6,674,031,000 | 6,230,080,000 | 5,877,936,000 | 5,248,715,000 | 5,007,787,000 | 4,918,931,000 | 4,873,414,000 | 4,717,619,000 | 4,647,464,000 | 4,401,879,000 | 4,246,012,000 | 4,195,314,000 | 3,836,391,000 | 3,696,204,000 | 3,832,232,000 | 3,809,632,000 | 3,532,190,000 | 3,467,378,000 | 2,961,157,000 | 2,959,843,000 | 3,111,632,000 | 2,922,504,000 | 2,457,978,000 | 2,224,002,000 | 2,324,598,000 | 2,193,352,000 | 2,215,405,000 | 2,234,966,000 | 2,363,805,000 | 2,479,244,000 | 2,515,851,000 | 2,031,629,000 | 1,851,899,000 | 2,139,544,000 | 1,938,499,000 | 2,502,135,000 | 2,455,852,000 | 2,296,187,000 | 2,498,382,000 | 2,634,984,000 | 2,495,021,000 | 2,373,442,000 | 2,182,694,000 | 1,830,155,000 | 2,005,714,000 | 1,976,522,000 | 1,677,233,000 | 1,375,518,000 | 1,175,376,000 | 1,198,374,000 | 924,041,000 | 836,540,000 | 1,072,096,000 | 1,297,255,000 | 1,503,473,000 | 2,424,097,000 | |||||||||||||
held-to-maturity, at amortized cost | 8,815,000 | 8,970,000 | 9,125,000 | 9,270,000 | 9,270,000 | 53,756,000 | 53,756,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 44,970,000 | 44,970,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 45,032,000 | 2,158,810,000 | 2,137,786,000 | 1,074,686,000 | 1,149,231,000 | 1,276,153,000 | 1,822,027,000 | 1,767,096,000 | 1,794,620,000 | 518,792,000 | 526,574,000 | ||||||||||||||||||||||||||||||||
other investments | 14,343,000 | 14,257,000 | 13,281,000 | 8,587,000 | 7,398,000 | 6,900,000 | 6,817,000 | 5,807,000 | 5,164,000 | 3,672,000 | 2,106,000 | 1,537,000 | 1,504,000 | 1,229,000 | 403,000 | 403,000 | 403,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total investment securities | 6,679,104,000 | 6,697,258,000 | 6,252,486,000 | 5,895,793,000 | 5,265,383,000 | 5,068,443,000 | 4,979,504,000 | 4,924,253,000 | 4,767,815,000 | 4,696,168,000 | 4,449,017,000 | 4,292,581,000 | 4,241,788,000 | 3,882,590,000 | 3,741,639,000 | 3,877,667,000 | 3,855,067,000 | 3,577,222,000 | 3,512,410,000 | 3,006,189,000 | 3,004,875,000 | 3,156,664,000 | 2,967,536,000 | 2,503,010,000 | 2,269,034,000 | 2,369,630,000 | 2,238,384,000 | 2,260,437,000 | 2,515,851,000 | 2,032,179,000 | 1,852,505,000 | 2,140,182,000 | 1,939,188,000 | 2,503,112,000 | 2,456,916,000 | 2,297,316,000 | 2,499,629,000 | 2,636,328,000 | 2,496,451,000 | 2,375,088,000 | 2,184,490,000 | 1,912,877,000 | 2,093,865,000 | 2,064,568,000 | 1,763,329,000 | 1,457,431,000 | 1,257,332,000 | 1,281,200,000 | 1,021,479,000 | 1,021,977,000 | 1,235,859,000 | 1,468,301,000 | 1,689,987,000 | 3,065,924,000 | ||||||||||||||||
farmer mac guaranteed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total farmer mac guaranteed securities | 7,546,699,000 | 7,862,498,000 | 8,074,791,000 | 8,722,762,000 | 9,328,219,000 | 9,921,620,000 | 9,745,548,000 | 9,216,111,000 | 8,595,243,000 | 9,219,420,000 | 8,302,041,000 | 8,139,681,000 | 8,506,464,000 | 8,361,798,000 | 8,387,062,000 | 7,918,162,000 | 7,922,001,000 | 8,712,208,000 | 9,039,105,000 | 9,035,069,000 | 8,590,476,000 | 8,635,157,000 | 8,614,843,000 | 8,482,039,000 | 8,024,611,000 | 8,078,898,000 | 8,021,430,000 | 7,598,188,000 | 7,602,556,000 | 7,420,348,000 | 6,317,732,000 | 6,002,916,000 | 5,432,823,000 | 5,873,235,000 | 5,609,305,000 | 5,453,901,000 | 2,907,264,000 | 2,434,467,000 | 1,718,140,000 | 1,793,927,000 | 3,500,161,000 | 3,019,412,000 | 2,451,244,000 | 2,163,405,000 | 2,704,582,000 | 1,297,048,000 | ||||||||||||||||||||||||
usda securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading, at fair value | 456,000 | 560,000 | 651,000 | 842,000 | 1,026,000 | 1,066,000 | 1,241,000 | 1,302,000 | 1,348,000 | 1,405,000 | 1,851,000 | 2,275,000 | 3,386,000 | 4,401,000 | 4,793,000 | 5,050,000 | 5,578,000 | 6,830,000 | 7,786,000 | 8,408,000 | 8,913,000 | 8,943,000 | 9,201,000 | 9,487,000 | 10,237,000 | 10,748,000 | 11,558,000 | 13,515,000 | 14,864,000 | 16,294,000 | 18,602,000 | 550,000 | 606,000 | 638,000 | 689,000 | 977,000 | 1,064,000 | 1,129,000 | 1,247,000 | 1,344,000 | 1,430,000 | 1,646,000 | 1,796,000 | 82,722,000 | 88,151,000 | 88,046,000 | 86,096,000 | 81,913,000 | 81,956,000 | 82,826,000 | 97,438,000 | 185,437,000 | 163,763,000 | 171,046,000 | 186,514,000 | 641,827,000 | ||||||||||||||
total usda securities | 2,389,636,000 | 2,407,198,000 | 2,377,341,000 | 2,344,715,000 | 2,331,561,000 | 2,334,093,000 | 2,355,412,000 | 2,323,657,000 | 2,337,560,000 | 2,360,333,000 | 2,430,489,000 | 2,433,105,000 | 2,439,489,000 | 2,440,732,000 | 2,462,010,000 | 2,450,768,000 | 2,495,078,000 | 2,417,678,000 | 2,347,709,000 | 2,278,019,000 | 2,241,073,000 | 2,173,007,000 | 2,137,579,000 | 2,134,799,000 | 2,154,111,000 | 2,123,366,000 | 2,139,327,000 | 2,131,365,000 | 2,107,149,000 | 2,082,320,000 | 2,044,424,000 | 2,029,613,000 | 1,886,358,000 | 1,859,176,000 | 1,832,437,000 | 1,771,532,000 | ||||||||||||||||||||||||||||||||||
loans: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale, at lower of cost or fair value | 7,770,000 | 6,045,000 | 9,000,000 | 301,551,000 | 20,000,000 | 673,991,000 | 622,330,000 | 612,795,000 | 557,877,000 | 541,447,000 | 479,690,000 | 447,087,000 | 408,355,000 | 1,212,065,000 | 981,985,000 | 908,778,000 | 758,437,000 | 646,420,000 | 613,126,000 | 66,680,000 | 63,202,000 | 142,695,000 | 122,382,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment, at amortized cost | 13,192,117,000 | 12,226,915,000 | 11,636,815,000 | 10,668,844,000 | 10,041,653,000 | 9,837,962,000 | 9,623,119,000 | 9,130,933,000 | 9,129,176,000 | 8,915,656,000 | 8,817,783,000 | 8,911,475,000 | 8,481,310,000 | 8,314,096,000 | 7,758,286,000 | 7,796,712,000 | 7,341,912,000 | 6,825,061,000 | 6,469,997,000 | 5,789,391,000 | 5,390,977,000 | 4,998,526,000 | 4,760,046,000 | 4,480,511,000 | 3,884,636,000 | 3,916,127,000 | 3,866,844,000 | 3,873,755,000 | 3,804,966,000 | 3,665,984,000 | 3,432,091,000 | 3,379,884,000 | 3,148,742,000 | 3,153,012,000 | 3,082,378,000 | 2,833,461,000 | 2,435,652,000 | 2,397,485,000 | 2,212,211,000 | 1,503,559,000 | 1,367,948,000 | 1,341,250,000 | 1,275,322,000 | 1,241,311,000 | 1,189,224,000 | 1,168,995,000 | 1,093,559,000 | 90,674,000 | 88,498,000 | 96,057,000 | 90,823,000 | 85,706,000 | 38,360,000 | 718,845,000 | 630,615,000 | 640,864,000 | 636,637,000 | |||||||||||||
loans held for investment in consolidated trusts, at amortized cost | 2,205,213,000 | 2,275,254,000 | 2,005,680,000 | 1,718,440,000 | 1,761,355,000 | 1,409,397,000 | 1,432,261,000 | 1,422,854,000 | 1,448,180,000 | 1,468,357,000 | 1,120,403,000 | 834,941,000 | 888,200,000 | 948,623,000 | 977,372,000 | 1,077,993,000 | 1,174,525,000 | 1,276,407,000 | 1,436,090,000 | 1,540,689,000 | 1,600,917,000 | 1,526,718,000 | 1,563,223,000 | 1,566,330,000 | 1,483,135,000 | 1,443,246,000 | 1,441,718,000 | 1,399,827,000 | 1,329,212,000 | 1,240,624,000 | 1,208,950,000 | 1,132,966,000 | 612,567,000 | 512,559,000 | 457,117,000 | 692,478,000 | 563,855,000 | 559,048,000 | 561,682,000 | 563,575,000 | 568,307,000 | 596,218,000 | 1,073,367,000 | 1,121,559,000 | 1,138,317,000 | 1,182,408,000 | 1,214,249,000 | 1,265,663,000 | 1,292,716,000 | 1,332,624,000 | 1,789,026,000 | |||||||||||||||||||
allowance for losses | -35,340,000 | -29,956,000 | -25,056,000 | -19,951,000 | -16,500,000 | -14,288,000 | -16,031,000 | -16,614,000 | -16,748,000 | -15,673,000 | -13,002,000 | -12,403,000 | -13,570,000 | -14,041,000 | -14,294,000 | -14,000,000 | -14,807,000 | -15,821,000 | -14,939,000 | -14,856,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total loans, net of allowance | 15,361,990,000 | 14,479,983,000 | 13,623,484,000 | 12,367,333,000 | 11,786,508,000 | 11,233,071,000 | 11,039,349,000 | 10,537,173,000 | 10,560,608,000 | 10,368,340,000 | 9,925,184,000 | 9,734,013,000 | 9,364,940,000 | 9,248,678,000 | 9,022,915,000 | 8,860,705,000 | 8,501,630,000 | 8,105,647,000 | 7,891,148,000 | 7,315,224,000 | 6,981,440,000 | 6,517,220,000 | 6,316,005,000 | 6,040,088,000 | 5,360,900,000 | 5,352,584,000 | 5,302,197,000 | 5,266,786,000 | 5,127,770,000 | 4,900,470,000 | 4,635,230,000 | 4,507,435,000 | 3,756,534,000 | 3,659,632,000 | 3,533,555,000 | 3,520,075,000 | 2,992,638,000 | 2,949,165,000 | 2,765,926,000 | 2,729,774,000 | 2,549,535,000 | 2,540,902,000 | 2,895,985,000 | 2,894,156,000 | 2,796,532,000 | 2,787,437,000 | 2,705,079,000 | 2,558,599,000 | 2,353,757,000 | 2,327,964,000 | 2,629,144,000 | 727,234,000 | 649,676,000 | 774,596,000 | 691,488,000 | 781,967,000 | 757,368,000 | |||||||||||||
financial derivatives, at fair value | 32,667,000 | 30,650,000 | 27,867,000 | 49,197,000 | 53,686,000 | 31,433,000 | 37,478,000 | 28,855,000 | 26,824,000 | 25,099,000 | 49,968,000 | 30,011,000 | 26,329,000 | 19,139,000 | 15,668,000 | 16,224,000 | 18,370,000 | 12,837,000 | 16,588,000 | 12,692,000 | 10,519,000 | 5,589,000 | 7,560,000 | 6,053,000 | 8,007,000 | 8,011,000 | 5,142,000 | 7,093,000 | 2,020,000 | 5,546,000 | 2,674,000 | 23,182,000 | 7,027,000 | 7,455,000 | 4,808,000 | 4,177,000 | 19,676,000 | 23,164,000 | 26,254,000 | 31,173,000 | 36,190,000 | 36,894,000 | 39,119,000 | 40,250,000 | 46,254,000 | 43,976,000 | 39,449,000 | 41,492,000 | 52,471,000 | 37,121,000 | 21,170,000 | 21,099,000 | 15,452,000 | 27,069,000 | 3,395,000 | 3,184,000 | 10,903,000 | |||||||||||||
accrued interest receivable | 284,786,000 | 313,387,000 | 262,809,000 | 253,102,000 | 285,774,000 | 245,202,000 | 287,128,000 | 230,523,000 | 233,529,000 | 196,368,000 | 167,962,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guarantee and commitment fees receivable | 50,775,000 | 49,706,000 | 49,888,000 | 46,077,000 | 46,754,000 | 48,130,000 | 49,832,000 | 49,809,000 | 46,181,000 | 46,670,000 | 46,347,000 | 44,388,000 | 45,021,000 | 45,538,000 | 39,038,000 | 37,261,000 | 35,878,000 | 36,664,000 | 36,612,000 | 37,521,000 | 38,442,000 | 39,136,000 | 38,809,000 | 39,913,000 | 40,178,000 | 39,915,000 | 39,997,000 | 39,895,000 | 36,679,000 | 37,083,000 | 38,748,000 | 38,871,000 | 40,160,000 | 37,847,000 | 38,342,000 | 41,786,000 | 43,496,000 | 43,074,000 | 42,359,000 | 41,789,000 | 37,740,000 | 38,122,000 | 31,255,000 | 31,384,000 | 30,247,000 | 31,824,000 | 31,916,000 | 34,752,000 | 34,058,000 | 36,579,000 | 34,195,000 | 54,472,000 | 56,083,000 | 61,109,000 | 60,385,000 | 55,623,000 | 55,725,000 | 57,804,000 | 55,287,000 | 57,026,000 | 43,198,000 | 40,743,000 | 34,988,000 | 25,784,000 | 20,139,000 | |||||
deferred tax asset | 3,225,000 | 3,707,000 | 8,470,000 | 4,711,000 | 3,302,000 | 7,961,000 | 18,978,000 | 25,971,000 | 24,910,000 | 15,558,000 | 11,084,000 | 10,200,000 | 29,288,000 | 38,790,000 | 47,842,000 | 16,510,000 | 23,803,000 | 10,543,000 | 3,994,000 | 2,048,000 | 4,293,000 | 3,688,000 | 5,085,000 | 12,291,000 | 48,409,000 | 23,130,000 | 14,750,000 | 33,391,000 | 17,226,000 | 11,331,000 | 3,123,000 | 3,591,000 | 12,735,000 | 14,530,000 | 10,405,000 | 20,081,000 | 15,150,000 | 39,820,000 | 87,793,000 | 55,073,000 | 34,477,000 | 48,747,000 | 30,239,000 | 16,410,000 | 8,945,000 | 10,090,000 | 6,886,000 | 5,006,000 | 950,000 | 1,647,000 | ||||||||||||||||||||
prepaid expenses and other assets | 129,655,000 | 121,193,000 | 87,138,000 | 94,186,000 | 173,468,000 | 145,094,000 | 132,954,000 | 213,971,000 | 214,413,000 | 154,994,000 | 183,368,000 | 129,267,000 | 102,199,000 | 45,318,000 | 21,822,000 | 20,573,000 | 31,582,000 | 43,531,000 | 47,035,000 | 61,133,000 | 20,693,000 | 16,227,000 | 62,220,000 | 66,629,000 | 45,236,000 | 67,305,000 | 43,308,000 | 29,023,000 | 96,780,000 | 6,249,000 | 4,001,000 | 86,322,000 | 58,454,000 | 46,584,000 | 53,327,000 | 55,413,000 | 15,875,000 | 28,347,000 | 39,967,000 | 66,709,000 | 59,932,000 | 77,104,000 | 15,283,000 | 21,530,000 | 9,708,000 | 9,445,000 | 5,950,000 | 20,297,000 | 40,987,000 | 43,057,000 | 23,644,000 | 52,399,000 | 62,049,000 | 117,561,000 | 107,689,000 | 5,170,000 | 11,072,000 | 3,900,000 | 4,060,000 | 5,001,000 | 5,007,000 | 6,727,000 | 5,607,000 | 6,321,000 | 10,816,000 | |||||
liabilities and equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest payable | 238,582,000 | 210,610,000 | 221,954,000 | 214,644,000 | 194,171,000 | 202,894,000 | 181,841,000 | 172,150,000 | 143,977,000 | 141,938,000 | 90,821,000 | 93,823,000 | 89,761,000 | 83,992,000 | 83,263,000 | 82,060,000 | 85,216,000 | 92,648,000 | 100,134,000 | 104,380,000 | 106,959,000 | 104,340,000 | 108,129,000 | 94,420,000 | 87,435,000 | 88,506,000 | 71,348,000 | 75,402,000 | 61,804,000 | 63,960,000 | 46,845,000 | 49,700,000 | 37,830,000 | 50,183,000 | 36,383,000 | 48,355,000 | 37,460,000 | 52,733,000 | 35,474,000 | 51,779,000 | 35,487,000 | 54,997,000 | 41,837,000 | 60,854,000 | 48,998,000 | 56,152,000 | 42,855,000 | 57,131,000 | 45,094,000 | 52,913,000 | 47,530,000 | 37,388,000 | 38,759,000 | 40,470,000 | 32,520,000 | 47,933,000 | 33,731,000 | 50,004,000 | 39,501,000 | 54,986,000 | 40,489,000 | 36,125,000 | 25,444,000 | 29,034,000 | 22,554,000 | |||||
guarantee and commitment obligation | 48,426,000 | 47,476,000 | 47,679,000 | 43,939,000 | 44,758,000 | 45,866,000 | 47,563,000 | 47,607,000 | 45,873,000 | 46,114,000 | 45,726,000 | 42,990,000 | 43,285,000 | 43,926,000 | 37,526,000 | 35,827,000 | 34,403,000 | 35,140,000 | 35,162,000 | 35,939,000 | 36,700,000 | 37,449,000 | 37,246,000 | 38,288,000 | 38,597,000 | 38,428,000 | 38,487,000 | 38,400,000 | 35,316,000 | 35,814,000 | 36,802,000 | 37,282,000 | 38,253,000 | 36,417,000 | 36,537,000 | 37,925,000 | 40,106,000 | 39,027,000 | 38,905,000 | 37,803,000 | 34,393,000 | 34,051,000 | 28,036,000 | 27,440,000 | 26,903,000 | 27,628,000 | 28,668,000 | 30,308,000 | 30,922,000 | 32,762,000 | 31,039,000 | 48,811,000 | 50,572,000 | 54,954,000 | 55,582,000 | 50,631,000 | 51,541,000 | 52,130,000 | 50,700,000 | 51,978,000 | 39,665,000 | 35,359,000 | 31,109,000 | 21,685,000 | 16,998,000 | |||||
accounts payable and accrued expenses | 88,910,000 | 136,906,000 | 71,232,000 | 81,697,000 | 125,267,000 | 74,821,000 | 76,662,000 | 58,776,000 | 65,036,000 | 79,188,000 | 295,758,000 | 97,380,000 | 420,998,000 | 79,427,000 | 42,566,000 | 30,138,000 | 36,770,000 | 18,078,000 | 24,167,000 | 74,412,000 | 22,081,000 | 31,878,000 | 31,454,000 | 59,433,000 | 260,753,000 | 67,295,000 | 25,641,000 | 14,096,000 | 19,971,000 | 60,407,000 | 18,234,000 | 9,415,000 | 26,450,000 | 245,785,000 | 31,433,000 | 81,252,000 | 67,386,000 | 9,378,000 | 350,578,000 | 13,710,000 | 12,915,000 | 18,533,000 | 22,618,000 | 178,708,000 | 26,863,000 | 21,781,000 | 74,368,000 | 22,113,000 | 20,239,000 | 19,397,000 | 12,094,000 | 44,979,000 | 20,839,000 | 20,532,000 | 24,780,000 | 12,134,000 | 8,841,000 | 20,069,000 | 9,081,000 | 18,587,000 | 15,785,000 | 12,828,000 | 9,730,000 | 13,277,000 | 45,089,000 | |||||
reserve for losses | 1,576,000 | 1,620,000 | 1,521,000 | 1,523,000 | 1,694,000 | 1,642,000 | 1,711,000 | 1,660,000 | 1,705,000 | 1,636,000 | 1,510,000 | 1,677,000 | 1,840,000 | 1,950,000 | 2,000,000 | 2,111,000 | 2,333,000 | 3,568,000 | 3,020,000 | 3,420,000 | 2,164,000 | 1,743,000 | 1,880,000 | 2,038,000 | 2,147,000 | 2,249,000 | 2,091,000 | 2,070,000 | 2,080,000 | 1,966,000 | 1,827,000 | 2,020,000 | 5,498,000 | 4,637,000 | 3,491,000 | 4,263,000 | 6,573,000 | 6,110,000 | 6,285,000 | 5,539,000 | 8,736,000 | 8,779,000 | 7,385,000 | 7,355,000 | 6,991,000 | 7,443,000 | 8,378,000 | 10,312,000 | 9,575,000 | 9,470,000 | 6,427,000 | 7,585,000 | 7,496,000 | 5,506,000 | 2,106,000 | 2,197,000 | 2,197,000 | 2,197,000 | 2,197,000 | 2,197,000 | 2,197,000 | 2,610,000 | 2,875,000 | 3,518,000 | 2,931,000 | |||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d, par value 25 per share, 4,000,000 shares authorized, issued and outstanding | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | 96,659,000 | |||||||||||||||||||||||||||||||||||||||||||||||
series e, par value 25 per share, 3,180,000 shares authorized, issued and outstanding | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | 77,003,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
series f, par value 25 per share, 4,800,000 shares authorized, issued and outstanding | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | 116,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
series g, par value 25 per share, 5,000,000 shares authorized, issued and outstanding | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | 121,327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
series h, par value 25 per share, 4,000,000 shares authorized, issued and outstanding | 96,889,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a voting, 1 par value, no maximum authorization, 1,030,780 shares outstanding | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | ||||||||||||||||||||
class b voting, 1 par value, no maximum authorization, 500,301 shares outstanding | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,403,453 shares and 9,360,083 shares outstanding, respectively | 9,403,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 137,602,000 | 136,248,000 | 134,500,000 | 135,225,000 | 134,143,000 | 133,576,000 | 132,919,000 | 130,921,000 | 130,147,000 | 130,004,000 | 128,117,000 | 127,569,000 | 127,103,000 | 125,993,000 | 124,942,000 | 124,148,000 | 123,718,000 | 121,525,000 | 120,856,000 | 120,412,000 | 119,304,000 | 118,720,000 | 118,942,000 | 118,841,000 | 118,183,000 | 117,684,000 | 118,208,000 | 118,979,000 | 119,130,000 | 118,937,000 | 118,386,000 | 118,655,000 | 117,077,000 | 116,098,000 | 114,364,000 | 113,559,000 | 109,675,000 | 109,001,000 | 108,386,000 | 106,617,000 | 104,869,000 | 104,019,000 | 104,210,000 | 102,821,000 | 101,809,000 | 101,097,000 | 100,450,000 | 100,050,000 | 99,468,000 | 98,925,000 | 97,861,000 | 96,547,000 | 95,961,000 | 95,572,000 | 96,194,000 | 92,669,000 | 87,784,000 | 87,134,000 | 91,602,000 | 88,904,000 | 83,364,000 | 85,349,000 | 83,730,000 | 83,740,000 | 83,962,000 | |||||
accumulated other comprehensive loss, net of tax | -5,431,000 | -17,665,000 | -1,808,000 | -2,554,000 | -9,141,000 | -4,118,000 | -40,145,000 | -35,839,000 | -34,351,000 | -59,862,000 | -53,837,000 | -91,497,000 | -121,437,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 1,035,940,000 | 1,003,641,000 | 970,872,000 | 907,639,000 | 880,565,000 | 855,485,000 | 823,716,000 | 794,814,000 | 755,392,000 | 726,892,000 | 672,164,000 | 638,935,000 | 610,087,000 | 579,270,000 | 558,853,000 | 544,038,000 | 528,068,000 | 488,717,000 | 478,647,000 | 455,545,000 | 457,047,000 | 435,479,000 | 428,569,000 | 407,755,000 | 379,979,000 | 359,692,000 | 339,538,000 | 322,704,000 | 318,869,000 | 304,201,000 | 290,530,000 | 275,714,000 | 225,386,000 | 221,477,000 | 201,081,000 | 201,013,000 | 157,699,000 | 143,589,000 | 117,143,000 | 102,243,000 | 93,712,000 | 78,382,000 | 83,719,000 | 62,554,000 | 49,749,000 | 73,299,000 | 68,645,000 | 50,837,000 | 38,860,000 | 33,377,000 | 32,066,000 | 9,987,000 | 117,137,000 | 96,708,000 | 94,357,000 | 113,353,000 | 124,146,000 | 109,274,000 | 112,577,000 | 107,659,000 | 120,199,000 | 118,810,000 | ||||||||
class c non-voting, 1 par value, no maximum authorization, 9,402,503 shares and 9,360,083 shares outstanding, respectively | 9,403,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liability | 2,402,000 | 754,000 | 3,804,000 | 3,795,000 | 521,000 | 4,586,000 | 2,832,000 | 4,227,000 | 9,423,000 | 5,873,000 | 2,927,000 | 5,790,000 | 250,000 | 1,871,000 | 2,441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,401,649 shares and 9,360,083 shares outstanding, respectively | 9,402,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac guaranteed securities | 8,232,234,000 | 8,628,380,000 | 3,398,996,000 | 1,298,823,000 | 1,294,143,000 | 1,313,426,000 | 1,314,564,000 | 1,330,418,000 | 1,315,801,000 | 1,303,921,000 | 1,297,401,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
usda securities | 2,371,352,000 | 2,411,601,000 | 2,480,321,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, par value 25 per share, 3,000,000 shares authorized, issued and outstanding as of december 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,354,301 shares and 9,310,872 shares outstanding, respectively | 9,354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, par value 25 per share, 3,000,000 shares authorized, issued and outstanding | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | 73,382,000 | ||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,350,240 shares and 9,310,872 shares outstanding, respectively | 9,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,337,894 shares and 9,310,872 shares outstanding, respectively | 9,338,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,310,872 shares and 9,270,265 shares outstanding, respectively | 9,311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,309,351 shares and 9,270,265 shares outstanding, respectively | 9,309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,305,477 shares and 9,270,265 shares outstanding, respectively | 9,305,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,288,482 shares and 9,270,265 shares outstanding, respectively | 9,289,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,269,367 shares and 9,235,205 shares outstanding, respectively | 9,269,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive (loss)/income, net of tax | -63,589,000 | -49,484,000 | -39,665,000 | -16,161,000 | -17,814,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest receivable | 177,956,000 | 148,228,000 | 177,355,000 | 144,078,000 | 161,282,000 | 141,764,000 | 153,170,000 | 175,659,000 | 154,836,000 | 199,195,000 | 158,720,000 | 184,693,000 | 143,877,000 | 135,677,000 | 156,194,000 | 114,070,000 | 155,278,000 | 110,175,000 | 126,509,000 | 85,522,000 | 122,782,000 | 73,963,000 | 101,127,000 | 66,312,000 | 104,550,000 | 70,625,000 | 94,181,000 | 66,535,000 | 103,414,000 | 70,128,000 | 96,049,000 | 73,622,000 | 110,339,000 | 79,579,000 | 88,852,000 | 65,576,000 | 90,295,000 | 67,424,000 | 72,616,000 | 64,794,000 | 56,206,000 | 53,796,000 | 73,058,000 | 57,701,000 | 76,436,000 | 58,648,000 | 91,939,000 | 60,028,000 | 82,866,000 | 56,138,000 | 73,545,000 | 52,344,000 | 63,652,000 | 43,344,000 | ||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,265,842 shares and 9,235,205 shares outstanding, respectively | 9,266,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,256,596 shares and 9,235,205 shares outstanding, respectively | 9,257,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,235,205 shares and 9,205,897 shares outstanding, respectively | 9,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income/(loss), net of tax | 3,853,000 | 33,758,000 | 15,533,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,234,778 shares and 9,205,897 shares outstanding, respectively | 9,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax | 18,206,000 | 16,733,000 | 51,744,000 | -43,024,000 | -12,843,000 | 21,254,000 | 64,001,000 | 73,410,000 | 72,111,000 | 51,085,000 | 40,795,000 | 42,428,000 | 41,544,000 | 22,733,000 | 51,184,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,234,311 shares and 9,205,897 shares outstanding, respectively | 9,234,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,227,132 shares and 9,205,897 shares outstanding, respectively | 9,227,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of allowance | 3,898,724,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac guaranteed securities, net of allowance | 8,123,493,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, par value 25 per share, 2,400,000 shares authorized, issued and outstanding as of december 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,204,724 shares and 9,180,744 shares outstanding, respectively | 9,205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, par value 25 per share, 2,400,000 shares authorized, issued and outstanding | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | 58,333,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,201,623 shares and 9,180,744 shares outstanding, respectively | 9,202,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,192,047 shares and 9,180,744 shares outstanding, respectively | 9,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan losses | -10,454,000 | -8,024,000 | -7,264,000 | -6,753,000 | -6,871,000 | -6,789,000 | -6,365,000 | -6,796,000 | -6,408,000 | -6,138,000 | -5,811,000 | -5,415,000 | -4,775,000 | -5,939,000 | -5,940,000 | -5,864,000 | -6,869,000 | -7,368,000 | -7,967,000 | -11,351,000 | -9,050,000 | -9,361,000 | -10,581,000 | -10,161,000 | -10,699,000 | -11,053,000 | -11,084,000 | -9,803,000 | -9,442,000 | -9,495,000 | -9,142,000 | -4,892,000 | -1,810,000 | -10,929,000 | -2,329,000 | -1,592,000 | -1,651,000 | -1,690,000 | -1,701,000 | -1,681,000 | -1,730,000 | -1,945,000 | -2,209,000 | -3,883,000 | ||||||||||||||||||||||||||
real estate owned, at lower of cost or fair value | 1,770,000 | 1,770,000 | 1,770,000 | 1,253,000 | 128,000 | 56,000 | 123,000 | 139,000 | 1,086,000 | 1,374,000 | 5,456,000 | 1,528,000 | 1,402,000 | 750,000 | 421,000 | 421,000 | 2,880,000 | 2,841,000 | 4,417,000 | 3,985,000 | 3,453,000 | 2,460,000 | 3,136,000 | 3,136,000 | 3,898,000 | 4,067,000 | 2,881,000 | 1,992,000 | 3,434,000 | 4,023,000 | 3,132,000 | 10,637,000 | 41,561,000 | 606,000 | 590,000 | 590,000 | 590,000 | |||||||||||||||||||||||||||||||||
notes payable: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
due within one year | 10,019,082,000 | 9,885,633,000 | 9,939,589,000 | 8,571,615,000 | 7,378,927,000 | 7,774,301,000 | 7,896,359,000 | 8,089,826,000 | 8,112,928,000 | 7,859,059,000 | 7,616,431,000 | 8,440,123,000 | 8,280,087,000 | 7,632,668,000 | 7,957,193,000 | 7,353,953,000 | 7,021,678,000 | 6,785,164,000 | 6,543,973,000 | 6,567,366,000 | 6,775,226,000 | 6,482,817,000 | 6,493,888,000 | 6,087,879,000 | 5,831,259,000 | 5,201,832,000 | 4,626,382,000 | 4,509,419,000 | 3,645,811,000 | 3,226,745,000 | 3,404,475,000 | 3,662,898,000 | 3,155,589,000 | 3,262,856,000 | 3,757,099,000 | 3,642,228,000 | 5,006,317,000 | 4,061,661,000 | 3,829,698,000 | 4,106,774,000 | 3,594,063,000 | 3,533,771,000 | 3,298,097,000 | 3,366,472,000 | 2,771,106,000 | |||||||||||||||||||||||||
due after one year | 9,079,566,000 | 8,940,989,000 | 8,247,829,000 | 8,679,287,000 | 8,419,424,000 | 8,416,896,000 | 8,127,594,000 | 7,432,790,000 | 7,399,961,000 | 7,281,509,000 | 6,300,750,000 | 5,222,977,000 | 5,217,307,000 | 6,013,237,000 | 5,648,752,000 | 5,471,186,000 | 5,037,035,000 | 5,173,667,000 | 4,978,118,000 | 5,034,739,000 | 4,700,680,000 | 4,519,192,000 | 4,334,977,000 | 4,104,882,000 | 4,060,382,000 | 3,744,877,000 | 3,806,727,000 | 3,430,656,000 | 2,979,147,000 | 2,269,421,000 | 2,082,578,000 | 1,908,713,000 | 1,962,591,000 | 1,535,362,000 | 887,999,000 | 664,874,000 | 651,267,000 | 1,045,193,000 | 744,649,000 | 937,241,000 | 1,279,250,000 | 1,370,667,000 | 1,296,691,000 | 1,187,827,000 | 1,336,215,000 | |||||||||||||||||||||||||
total notes payable | 19,098,648,000 | 18,826,622,000 | 18,187,418,000 | 17,250,902,000 | 15,798,351,000 | 16,191,197,000 | 16,023,953,000 | 15,522,616,000 | 15,512,889,000 | 15,140,568,000 | 13,917,181,000 | 13,663,100,000 | 13,497,394,000 | 13,645,905,000 | 13,605,945,000 | 12,825,139,000 | 12,058,713,000 | 11,958,831,000 | 11,522,091,000 | 11,602,105,000 | 11,475,906,000 | 11,002,009,000 | 10,828,865,000 | 10,192,761,000 | 9,891,641,000 | 8,946,709,000 | 8,433,109,000 | 7,940,075,000 | 6,624,958,000 | 5,496,166,000 | 5,487,053,000 | 5,118,180,000 | 4,798,218,000 | 4,645,098,000 | 4,307,102,000 | 5,657,584,000 | 5,106,854,000 | 4,574,347,000 | 5,044,015,000 | 4,873,313,000 | 4,904,438,000 | 4,594,788,000 | 4,554,299,000 | 4,107,321,000 | ||||||||||||||||||||||||||
series b, par value 25 per share, 3,000,000 shares authorized, issued and outstanding as of december 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,180,744 shares and 9,137,550 shares outstanding, respectively | 9,181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,179,053 shares and 9,137,550 shares outstanding, respectively | 9,179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,168,893 shares and 9,137,550 shares outstanding, respectively | 9,169,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b, par value 25 per share, 3,000,000 shares authorized, issued and outstanding | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | 73,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,157,841 shares and 9,137,550 shares outstanding, respectively | 9,158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,137,500 shares and 9,087,670 shares outstanding, respectively | 9,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments and cash equivalents | 15,123,000 | 12,095,000 | 11,463,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac guaranteed securities and usda securities | 76,870,000 | 74,179,000 | 62,430,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | 50,622,000 | 49,396,000 | 45,653,000 | 753,720,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest income | 142,615,000 | 135,670,000 | 119,546,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest expense | 97,557,000 | 91,737,000 | 76,317,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income | 45,058,000 | 43,933,000 | 43,229,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | -99,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 44,959,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
guarantee and commitment fees | 3,490,000 | 3,481,000 | 3,499,000 | 31,805,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on financial derivatives and hedging activities | 628,000 | 2,534,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on trading securities | -3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of available-for-sale investment securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on sale of real estate owned | -41,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 365,000 | 320,000 | 574,000 | 1,439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest income | 4,439,000 | 6,380,000 | 239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation and employee benefits | 6,777,000 | 6,936,000 | 6,654,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 4,350,000 | 5,202,000 | 4,326,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory fees | 625,000 | 625,000 | 625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate owned operating costs | 16,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(release of)/benefit from reserve for losses | -102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest expense | 11,650,000 | 12,921,000 | 11,642,000 | 29,692,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 37,748,000 | 36,968,000 | 32,257,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 7,979,000 | 7,332,000 | 6,438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 29,769,000 | 29,636,000 | 25,819,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to non-controlling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to farmer mac | 29,769,000 | 29,636,000 | 25,819,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | -3,295,000 | -3,296,000 | -3,295,000 | -17,302,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 26,474,000 | 26,340,000 | 22,524,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share and dividends: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share | 2,480 | 2,470 | 2,120 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share | 2,460 | 2,450 | 2,100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends per common share | 580 | 580 | 580 | 200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,136,194 shares and 9,087,670 shares outstanding, respectively | 9,136,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit from)/release of loan losses | -424,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after/release of loan losses | 43,509,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on trading securities | 11,000 | 16,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of real estate owned | 34,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from/(release of) reserve for losses | 158,000 | 21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,119,416 shares and 9,087,670 shares outstanding, respectively | 9,119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
release of/(benefit from) loan losses | 431,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after release of loan losses | 43,660,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(losses)/gains on financial derivatives and hedging activities | -3,850,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sale of real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,087,670 shares and 9,007,481 shares outstanding, respectively | 9,088,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 708,146,000 | 694,166,000 | 680,929,000 | 665,815,000 | 643,425,000 | 540,351,000 | 576,106,000 | 582,325,000 | 545,801,000 | 363,395,000 | 360,468,000 | 386,975,000 | 351,109,000 | 358,460,000 | 340,175,000 | 335,003,000 | 312,680,000 | 305,208,000 | 278,754,000 | 246,590,000 | 237,024,000 | 253,515,000 | 231,625,000 | 205,236,000 | 204,965,000 | 139,298,000 | 15,348,000 | 109,889,000 | 237,491,000 | 199,963,000 | 223,593,000 | 252,129,000 | 256,624,000 | 247,629,000 | 248,489,000 | 244,841,000 | 254,163,000 | |||||||||||||||||||||||||||||||||
non-controlling interest | 207,000 | 222,000 | 195,000 | 187,000 | 175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,082,335 shares and 9,007,481 shares outstanding, respectively | 9,082,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,072,644 shares and 9,007,481 shares outstanding, respectively | 9,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,065,194 shares and 9,007,481 shares outstanding, respectively | 9,065,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,007,481 shares and 9,155,661 shares outstanding, respectively | 9,008,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,412,379 shares and 9,406,267 shares outstanding, respectively | 9,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,508,000 shares and 9,406,267 shares outstanding, respectively | 9,508,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,406,392 shares and 9,406,267 shares outstanding, respectively | 9,406,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,406,267 shares and 9,354,804 shares outstanding, respectively | 9,406,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest - preferred stock | 236,028,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | 241,853,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
usda guaranteed securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total usda guaranteed securities | 1,629,010,000 | 1,617,356,000 | 1,656,431,000 | 1,590,783,000 | 1,590,628,000 | 1,565,463,000 | 1,513,099,000 | 1,491,905,000 | 1,426,398,000 | 1,369,471,000 | 1,338,101,000 | 1,317,444,000 | 1,325,440,000 | 1,266,920,000 | 1,189,667,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, par value 1,000 per share, 100,000 shares authorized, 57,578 shares issued and outstanding | 57,578,000 | 57,578,000 | 57,578,000 | 57,578,000 | 57,578,000 | 57,578,000 | 57,578,000 | 57,578,000 | 57,578,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,328,968 shares and 9,171,343 shares outstanding, respectively | 9,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax, related to available-for-sale securities | 26,828,000 | 38,721,000 | 92,359,000 | 73,969,000 | 91,805,000 | 89,713,000 | 79,123,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,292,942 shares and 9,171,343 shares outstanding, respectively | 9,293,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,223,342 shares and 9,171,343 shares outstanding, respectively | 9,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,171,343 shares and 8,825,794 shares outstanding, respectively | 9,171,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,964,819 shares and 8,825,794 shares outstanding, respectively | 8,965,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,952,428 shares and 8,825,794 shares outstanding, respectively | 8,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,841,643 shares and 8,825,794 shares outstanding, respectively | 8,842,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,825,794 shares and 8,752,711 shares outstanding as of december 31, 2011 and 2010, respectively | 8,826,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 79,370,000 | 85,715,000 | 36,436,000 | 9,616,000 | 18,275,000 | 47,332,000 | 31,469,000 | 7,587,000 | 1,770,000 | 9,735,000 | 4,956,000 | 7,838,000 | 5,075,000 | 5,290,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,825,594 shares outstanding as of september 30, 2011 and 8,752,711 shares outstanding as of december 31, 2010 | 8,826,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, par value 1,000 per share, 100,000 shares authorized, 57,578 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding | 57,578,000 | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,812,500 shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
as of june 30, 2011 and 8,752,711 shares outstanding as of december 31, 2010 | 8,813,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,770,092 shares outstanding as of march 31, 2011 and 8,752,711 shares outstanding as of december 31, 2010 | 8,770,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, mezzanine equity and equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mezzanine equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock, par value 1,000 per share, 150,000 shares authorized, issued and outstanding as of december 31, 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,752,711 shares outstanding as of december 31, 2010 and 8,610,918 shares outstanding as of december 31, 2009 | 8,753,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, mezzanine equity and equity | 9,479,914,000 | 8,222,742,000 | 7,099,490,000 | 7,479,165,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,746,123 shares outstanding as of september 30, 2010 and 8,610,918 shares outstanding as of december 31, 2009 | 8,746,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, par value 1,000 per share, 100,000 shares authorized, 57,578 issued and outstanding | 57,578,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,745,269 shares outstanding as of june 30, 2010 and 8,610,918 shares outstanding as of december 31, 2009 | 8,745,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock, par value 1,000, per share 150,000 shares authorized, issued and outstanding as of december 31, 2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, par value 1,000 per share, 100,000 shares authorized, 57,578 issued and outstanding as of march 31, 2010 and december 31, 2009 | 57,578,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a voting, 1 par value, no maximum authorization | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b voting, 1 par value, no maximum authorization | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization | 8,613,000 | 8,609,000 | 8,607,000 | 8,601,000 | 8,598,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mezzanine equity | 144,216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | 196,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selected financial ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return on average assets | 1,460 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return on average common equity | 113,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average equity to assets | 1,880 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
average total equity to assets | 4,450 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
summary of operations: | 2,009,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after (provision)/recovery for loan losses | 83,055,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-interest income/ | 98,754,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains/(losses) on financial derivatives and trading assets | 64,570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses | -3,994,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on asset sales and debt repurchases | 4,934,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
representation and warranty claims income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) before income taxes | 152,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense/ | 52,517,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/ | 99,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(loss) available to common stockholders | 82,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for losses activity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision/(recovery) for losses | 5,242,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net charge-offs/ | 7,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ending balance | 14,187,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings/(loss) per common share | 8,120 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings/(loss) per common share | 8,040 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regulatory capital: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
statutory minimum capital requirement | 216,959,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
core capital | 337,153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum capital surplus | 120,194,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, mezzanine equity and stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock, par value 1,000, 150,000 shares authorized, issued and outstanding | 144,216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, stated at redemption/liquidation value, 1,000 per share, 100,000 shares authorized, 57,000 and 9,200 issued and outstanding as of september 30, 2009 and december 31, 2008, respectively | 57,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income/ | 18,139,000 | -1,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings/ | 23,139,000 | 5,745,000 | -52,144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, mezzanine equity and stockholders' equity | 5,733,731,000 | 5,322,684,000 | 5,107,307,000 | 4,658,688,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock, par value 1,000,150,000 shares authorized, issued and outstanding | 144,216,000 | 144,216,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, stated at redemption/liquidation value, 1,000 per share, 75,000 shares authorized, 40,000 and 9,200 issued and outstanding as of june 30, 2009 and december 31, 2008, respectively | 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -12,546,000 | -47,412,000 | -41,421,000 | -17,337,000 | -29,393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, stated at redemption/liquidation value, 50 per share, 700,000 shares authorized | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c, stated at redemption/liquidation value, 1,000 per share, 75,000 shares authorized, 9,200 issued and outstanding | 9,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock, redemption/liquidation value of 1,000 per share, 65,000 shares authorized, issued and outstanding | 61,039,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, stated at redemption/liquidation value, 50 per share, 700,000 shares authorized, issued and outstanding | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | 35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a voting, 1 par value, no maximum authorization, 1,030,780 shares issued and outstanding | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | 1,031,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b voting, 1 par value, no maximum authorization 500,301 shares issued and outstanding | 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,491,482 and 8,363,580 shares issued and outstanding as of june 30, 2008 and december 31, 2007, respectively | 8,491,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 6,064,390,000 | 5,506,014,000 | 4,977,613,000 | 5,425,983,000 | 5,277,108,000 | 5,275,762,000 | 4,953,673,000 | 4,892,700,000 | 4,473,336,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, stated at redemption/liquidation value,50 per share, 700,000 shares authorized, issued and outstanding | 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b voting, 1 par value, no maximum authorization, 500,301 shares issued and outstanding | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,332,699 and 8,363,580 shares issued and outstanding as of march 31, 2008 and december 31, 2007, respectively | 8,333,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale | 118,629,000 | 100,503,000 | 92,944,000 | 77,990,000 | 71,621,000 | 63,981,000 | 54,801,000 | 39,477,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment | 649,280,000 | 640,863,000 | 660,540,000 | 670,417,000 | 705,745,000 | 706,231,000 | 732,334,000 | 747,778,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate owned | 590,000 | 604,000 | 1,799,000 | 2,097,000 | 2,097,000 | 1,039,000 | 1,039,000 | 2,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financial derivatives | 2,288,000 | 5,475,000 | 19,884,000 | 7,382,000 | 9,218,000 | 9,050,000 | 23,040,000 | 16,332,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,363,580 and 9,075,862 shares issued and outstanding as of december 31, 2007 and 2006, respectively | 8,364,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive (loss)/income | -2,793,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,873,112 and 9,075,862 shares issued and outstanding as of september 30, 2007 and december 31, 2006, respectively | 8,873,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,843,108 and 9,075,862 shares issued and outstanding as of june 30, 2007 and december 31, 2006, respectively | 8,843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 8,724,785 and 9,075,862 shares issued and outstanding as of march 31, 2007 and december 31, 2006, respectively | 8,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, stated at redemption/liquidation value, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
50 per share, 700,000 shares authorized, issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a voting, 1 par value, no maximum authorization, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1,030,780 shares issued and outstanding | 1,031,000 | 1,031,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b voting, 1 par value, no maximum authorization, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
500,301 shares issued and outstanding | 500,000 | 500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9,075,862 and 9,559,554 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
as of december 31, 2006 and 2005, respectively | 9,076,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan-s held for investment | 704,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, stated at redemption/liquidation value, 50 per share,700,000 shares authorized, issued and outstanding | 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a voting, 1 par value, no mazimum authorization, 1,030,780 shares issued and outstanding | 1,031,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c non-voting, 1 par value, no maximum authorization, 9,083,258 and 9,559,554 shares issued and outstanding as of september 30, 2006 and december 31, 2005, respectively | 9,083,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, stated at redemption/liquidation value, 50 per share, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
700,000 shares authorized, issued and outstanding | 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9,570,301 and 9,559,554 shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
as of march 31, 2006 and december 31, 2005, respectively | 9,570,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 47,924,000 | 55,003,000 | 54,837,000 | 49,651,000 | 56,514,000 | 49,828,000 | 47,105,000 | 53,746,000 | 47,619,000 | 58,137,000 | 47,212,000 | 47,035,000 | 43,418,000 | 40,993,000 | 45,896,000 | 47,837,000 | 36,684,000 | 31,063,000 | 31,286,000 | 33,227,000 | 34,700,000 | 25,492,000 | 35,626,000 | 12,830,000 | 32,498,000 | 17,833,000 | 34,045,000 | 25,170,000 | 29,769,000 | 29,636,000 | 25,819,000 | 20,006,000 | 21,782,000 | 20,634,000 | 21,895,000 | 21,729,000 | 11,618,000 | 25,339,000 | 18,614,000 | -8,320,000 | 21,841,000 | 34,173,000 | 22,588,000 | 15,867,000 | 22,647,000 | 1,976,000 | 28,470,000 | 19,589,000 | -16,766,000 | 11,437,000 | 24,590,000 | 12,263,000 | 8,090,000 | 13,589,000 | -105,558,000 | -8,740,000 | -8,010,000 | 18,929,000 | 4,482,000 | 8,122,000 | 23,877,224 | -5,583,224 | 5,597,000 | ||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of deferred gains, premiums, and discounts on loans, investments, farmer mac guaranteed securities, and usda securities | -4,965,000 | -5,385,000 | -6,414,000 | -4,781,000 | -4,779,000 | -5,843,000 | -5,962,000 | -7,295,000 | -5,569,000 | -5,383,000 | -3,736,000 | -2,337,000 | -1,736,000 | -363,000 | 906,000 | 1,913,000 | 3,683,000 | 4,012,000 | 4,686,000 | 4,933,000 | 4,543,000 | 2,705,000 | 1,272,000 | -177,000 | -2,367,000 | -3,110,000 | -2,718,000 | -2,204,000 | -823,000 | 1,227,000 | 309,000 | 38,000 | 1,167,000 | 353,000 | 181,000 | -371,000 | 595,000 | 580,000 | 1,024,000 | ||||||||||||||||||||||||||||||||
net amortization of debt premiums, discounts, and issuance costs | 15,501,000 | 3,339,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of hedged items, financial derivatives, loans held sale, and trading securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total provision for allowance for losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 1,706,000 | 1,360,000 | 1,745,000 | 3,529,000 | 1,560,000 | 1,490,000 | 1,555,000 | 3,483,000 | 2,102,000 | 1,221,000 | 1,223,000 | 2,255,000 | 817,000 | 832,000 | 862,000 | 2,113,000 | 1,005,000 | 749,000 | 892,000 | 1,665,000 | 1,363,000 | 753,000 | 719,000 | 1,293,000 | 594,000 | 407,000 | 533,000 | 724,000 | 613,000 | 605,000 | 664,000 | 105,000 | 813,000 | 803,000 | 981,000 | 886,000 | 813,000 | 805,000 | 839,000 | 572,000 | 748,000 | 674,000 | 865,000 | -293,000 | 921,000 | 844,000 | 956,000 | 675,000 | 764,000 | 775,000 | 715,000 | 586,000 | 680,000 | 748,000 | 760,000 | 535,000 | 616,000 | 889,000 | 654,000 | -630,000 | 1,105,000 | 1,370,000 | 914,000 | 1,228,000 | 944,000 | 779,000 | 729,000 | 743,000 | 1,692,045 | -425,045 | 426,000 |
proceeds from repayment of loans purchased as held for sale | 1,275,000 | 16,408,000 | 2,655,000 | 19,928,000 | 914,000 | 14,738,000 | 795,000 | 12,769,000 | 5,014,000 | 1,250,000 | 754,000 | 17,360,000 | 2,225,000 | 13,705,000 | 2,353,000 | 15,028,000 | 2,224,000 | 14,682,000 | 4,688,000 | 25,374,000 | 4,709,000 | 19,310,000 | 14,677,000 | 20,674,000 | 9,338,000 | 21,618,000 | 4,568,000 | 18,671,000 | 14,181,000 | 27,379,000 | 34,699,000 | 15,711,000 | 22,409,000 | 6,582,000 | 25,928,000 | -12,777,000 | 28,136,000 | 22,588,000 | 32,140,000 | -50,963,000 | 72,834,000 | 10,746,000 | 66,095,000 | 7,558,000 | 65,759,000 | 31,283,000 | 46,873,000 | 12,630,000 | 32,349,000 | ||||||||||||||||||||||
purchases of tax credits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 0 | -89,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest receivable | -75,398,000 | 25,926,000 | -53,197,000 | 43,542,000 | -59,205,000 | 28,509,000 | -41,462,000 | 40,273,000 | -56,828,000 | 3,433,000 | -40,059,000 | 29,510,000 | -61,846,000 | -1,192,000 | -30,147,000 | 29,408,000 | -33,564,000 | 16,484,000 | -19,576,000 | 43,601,000 | -33,652,000 | 20,567,000 | -20,540,000 | 44,679,000 | -40,475,000 | 25,973,000 | -40,782,000 | 36,204,000 | 19,416,000 | -42,098,000 | 41,219,000 | -45,146,000 | 16,378,000 | -40,992,000 | 37,292,000 | -42,833,000 | 27,164,000 | -34,815,000 | 40,562,000 | -30,097,000 | 23,521,000 | -27,646,000 | 36,879,000 | -33,665,000 | 26,313,000 | -22,427,000 | 36,717,000 | -30,760,000 | 9,344,000 | -23,285,000 | 24,719,000 | ||||||||||||||||||||
guarantee and commitment fees receivable | -95,000 | -119,000 | -21,000 | -36,000 | -35,000 | -142,000 | 268,000 | 5,000 | -67,000 | -1,894,000 | 248,000 | 13,000 | 52,000 | 777,000 | 338,000 | -124,000 | -100,000 | -78,000 | 41,000 | 103,000 | -54,000 | -74,000 | 132,000 | 160,000 | -55,000 | -124,000 | 62,000 | 58,000 | -94,000 | 23,000 | -15,000 | -132,000 | -94,000 | 677,000 | -357,000 | 2,016,000 | -2,313,000 | 495,000 | 1,120,000 | 3,825,000 | -422,000 | -715,000 | -570,000 | -4,049,000 | 382,000 | -6,867,000 | 129,000 | -1,137,000 | 1,577,000 | 92,000 | 2,836,000 | ||||||||||||||||||||
other assets | 80,546,000 | 298,000 | -16,403,000 | 41,298,000 | -31,531,000 | 63,297,000 | -705,000 | -12,471,000 | 62,272,000 | 724,000 | -30,822,000 | 22,195,000 | 17,977,000 | -54,237,000 | -28,707,000 | -61,087,000 | -12,261,000 | -1,249,000 | 10,907,000 | -7,227,000 | 16,821,000 | 3,277,000 | 16,337,000 | -39,783,000 | -4,619,000 | 10,881,000 | -3,332,000 | -5,674,000 | 5,609,000 | -904,000 | -11,973,000 | 3,750,000 | -409,000 | -1,936,000 | 2,236,000 | 45,929,000 | -11,551,000 | 7,116,000 | 2,066,000 | -88,511,000 | 10,957,000 | 10,927,000 | 27,003,000 | -5,812,000 | 17,244,000 | -61,322,000 | 6,690,000 | -11,892,000 | -10,381,000 | -2,692,000 | 15,342,000 | ||||||||||||||||||||
accrued interest payable | -4,868,000 | 27,972,000 | -11,344,000 | 26,841,000 | -19,531,000 | 20,473,000 | -8,723,000 | 21,053,000 | 9,691,000 | 28,173,000 | 2,039,000 | 24,051,000 | 27,066,000 | 21,987,000 | 4,062,000 | 5,769,000 | 729,000 | 1,203,000 | -3,156,000 | -7,522,000 | 90,000 | -7,486,000 | -4,246,000 | -2,579,000 | 2,619,000 | -3,789,000 | 13,709,000 | -2,323,000 | -1,071,000 | 17,158,000 | -4,054,000 | 13,598,000 | -2,156,000 | 17,115,000 | -2,855,000 | 12,604,000 | -12,353,000 | 13,800,000 | -11,972,000 | 8,902,000 | -15,273,000 | 17,259,000 | -16,305,000 | 16,292,000 | -19,510,000 | 13,160,000 | -19,017,000 | 11,856,000 | -7,154,000 | 13,297,000 | -14,276,000 | ||||||||||||||||||||
custodial deposit liability | 41,612,000 | -31,428,000 | 33,956,000 | -141,384,000 | 148,728,000 | -29,957,000 | 30,504,000 | -18,632,000 | 20,711,000 | -6,545,000 | 7,158,000 | -32,102,000 | 33,726,000 | -30,322,000 | 5,957,000 | -17,027,000 | 24,157,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 20,093,000 | 9,004,000 | 5,509,000 | 89,000 | 1,691,000 | 18,818,000 | -11,259,000 | 4,601,000 | 4,557,000 | 4,535,000 | 856,000 | -8,227,000 | 9,729,000 | -33,949,000 | 21,333,000 | 9,962,000 | 10,724,000 | -9,030,000 | 1,006,000 | -322,000 | 10,278,000 | -1,959,000 | -5,337,000 | 2,884,000 | -1,117,000 | 1,887,000 | -2,877,000 | 3,528,000 | -5,973,000 | -2,036,000 | 6,111,000 | 2,446,000 | 923,000 | -9,093,000 | 8,605,000 | -4,123,000 | 2,974,000 | -6,631,000 | 2,793,000 | -3,576,000 | 901,000 | -5,933,000 | 5,069,000 | 1,165,000 | -556,000 | 626,000 | 3,783,000 | -9,737,000 | 6,814,000 | -3,627,000 | -349,000 | ||||||||||||||||||||
net cash from operating activities | 103,410,000 | 74,193,000 | -47,722,000 | -49,819,000 | 367,531,000 | -44,351,000 | 56,131,000 | 233,335,000 | -166,850,000 | 362,985,000 | 103,013,000 | 180,248,000 | 256,705,000 | 269,305,000 | 127,446,000 | 130,861,000 | 81,536,000 | 18,520,000 | 90,071,000 | 44,324,000 | 117,830,000 | 17,702,000 | 66,718,000 | -12,043,000 | 102,634,000 | 43,171,000 | 52,054,000 | 24,328,000 | 89,035,000 | -133,082,000 | 142,059,000 | 89,833,000 | -78,818,000 | 72,776,000 | 6,907,000 | 17,002,000 | 40,089,000 | 8,161,000 | 22,977,000 | 36,361,000 | 26,417,000 | 17,117,000 | 51,243,000 | -78,040,542 | 78,100,000 | ||||||||||||||||||||||||||
capital expenditures | 0 | 0 | 0 | 0 | -66,000 | -3,568,000 | -1,638,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
free cash flows | 103,410,000 | 74,193,000 | -47,722,000 | 367,531,000 | -44,417,000 | 52,563,000 | 231,697,000 | -166,850,000 | 362,985,000 | 103,013,000 | 180,248,000 | 256,705,000 | 269,305,000 | 127,446,000 | 130,861,000 | 81,536,000 | 18,520,000 | 90,071,000 | 44,324,000 | 117,830,000 | 17,702,000 | 66,718,000 | -12,043,000 | 102,634,000 | 43,171,000 | 52,054,000 | 24,328,000 | 89,035,000 | -133,082,000 | 142,059,000 | 89,833,000 | -78,818,000 | 72,776,000 | 6,907,000 | 17,002,000 | 40,089,000 | 8,161,000 | 22,977,000 | 36,361,000 | 26,417,000 | 17,117,000 | 51,243,000 | -78,040,542 | 78,100,000 | |||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of equipment and leasehold improvements | 0 | -66,000 | -3,568,000 | -1,638,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available-for-sale investment securities | -524,627,000 | -482,015,000 | -375,153,000 | -682,124,000 | -350,237,000 | -594,581,000 | -845,114,000 | -590,364,000 | -520,793,000 | -493,053,000 | -400,701,000 | -675,098,000 | -586,059,000 | -887,195,000 | -704,306,000 | -294,419,000 | -654,056,000 | -744,575,000 | -473,326,000 | -293,983,000 | -296,990,000 | -242,677,000 | -365,248,000 | -342,739,000 | -205,123,000 | -66,561,000 | -470,949,000 | -366,860,000 | -199,986,000 | -715,628,000 | -404,057,000 | -397,137,000 | -499,645,000 | -244,819,000 | -363,734,000 | -466,412,000 | -408,561,000 | -649,645,000 | -418,663,000 | -285,563,000 | -332,056,000 | -658,512,000 | -449,174,000 | -320,439,000 | -22,090,000 | -284,149,000 | -284,150,000 | -24,936,000 | -142,656,000 | -182,820,000 | -835,025,000 | -990,233,000 | -972,505,000 | -1,004,456,000 | -1,234,474,000 | -1,239,105,000 | -2,742,460,427 | 897,879,427 | -899,793,000 | ||||||||||||
purchases of held-to-maturity investment securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of other investment securities | -1,094,000 | -86,000 | -976,000 | -2,264,000 | -1,523,000 | -1,189,000 | -498,000 | -83,000 | -1,010,000 | -643,000 | -1,566,000 | -569,000 | -33,000 | -275,000 | -826,000 | 0 | 0 | -403,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of loans held for investment | -1,594,265,000 | -1,545,240,000 | -1,218,076,000 | -987,524,000 | -1,290,136,000 | -987,233,000 | -902,273,000 | -690,986,000 | -643,937,000 | -474,618,000 | -490,711,000 | -554,787,000 | -470,564,000 | -655,693,000 | -748,659,000 | -718,008,000 | -921,922,000 | -689,788,000 | -689,210,000 | -728,748,000 | -921,240,000 | -743,038,000 | -948,149,000 | -554,771,000 | -705,926,000 | -427,084,000 | -353,152,000 | -748,553,000 | -192,628,000 | -224,102,000 | -267,756,000 | -219,925,000 | -368,291,000 | -337,008,000 | -341,702,000 | -450,686,000 | -242,428,000 | -184,472,000 | -138,929,000 | -124,397,000 | -198,196,000 | -236,357,000 | -190,149,000 | -180,567,000 | -132,101,000 | -144,738,000 | -106,845,000 | -91,433,000 | -68,268,000 | -113,915,000 | -215,867,000 | -8,020,000 | -6,443,000 | -10,698,000 | -9,226,000 | -11,480,000 | -33,477,000 | 0 | -14,670,000 | -49,073,000 | -25,403,000 | -31,577,000 | -29,044,000 | -21,625,000 | -16,747,000 | -28,162,000 | -6,116,000 | -13,036,000 | -32,503,942 | 16,906,942 | -16,932,000 |
purchases of defaulted loans | 0 | 0 | -1,246,000 | -1,298,000 | -4,130,000 | 0 | 0 | 0 | -8,713,000 | 0 | 0 | 0 | -7,035,000 | 0 | -721,000 | -2,523,000 | -3,043,000 | -104,000 | -311,000 | -272,000 | -263,000 | -1,324,000 | -657,000 | 5,999,000 | -629,000 | -5,935,000 | -140,000 | -5,993,000 | -7,174,000 | -3,128,000 | -729,000 | -397,000 | -2,921,000 | -1,420,000 | -16,925,000 | -765,000 | -1,914,000 | -913,000 | -2,490,000 | -1,638,000 | -14,029,000 | -572,000 | -5,030,000 | -56,533,000 | -557,000 | -26,000 | -1,163,000 | 0 | -2,428,000 | -650,000 | -833,000 | -3,930,000 | -5,688,435 | 4,049,435 | -4,054,000 | ||||||||||||||||
proceeds from repayment of available-for-sale investment securities | 290,728,000 | 350,285,000 | 505,848,000 | 337,155,000 | 185,428,000 | 499,204,000 | 418,414,000 | 436,859,000 | 418,652,000 | 438,164,000 | 446,325,000 | 349,820,000 | 514,838,000 | 391,176,000 | 706,061,000 | 433,979,000 | 490,961,000 | 295,222,000 | 205,240,000 | 411,694,000 | 139,397,000 | 263,621,000 | 431,282,000 | 387,088,000 | 324,660,000 | 183,749,000 | 613,952,000 | 196,105,000 | 487,481,000 | 427,507,000 | 300,299,000 | 404,629,000 | 182,981,000 | 439,135,000 | 500,114,000 | 328,641,000 | 290,607,000 | 291,065,000 | 215,542,000 | 164,004,000 | 174,881,000 | 336,681,000 | 136,882,000 | 100,978,000 | 54,571,000 | 57,766,000 | 47,045,000 | 19,279,000 | 46,734,000 | 82,531,000 | |||||||||||||||||||||
proceeds from repayment of held-to-maturity investment securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of loans purchased as held for investment | 608,847,000 | 619,230,000 | 392,188,000 | 629,185,000 | 373,205,000 | 472,645,000 | 348,863,000 | 461,071,000 | 282,323,000 | 418,807,000 | 230,975,000 | 431,483,000 | 244,780,000 | 351,013,000 | 262,594,000 | 463,602,000 | 389,169,000 | 485,434,000 | 390,357,000 | 624,448,000 | 443,060,000 | 560,365,000 | 366,502,000 | 345,736,000 | 189,912,000 | 237,893,000 | 107,407,000 | 222,980,000 | 173,161,000 | 144,510,000 | 191,298,000 | 66,530,000 | 118,715,000 | 67,321,000 | 182,790,000 | 153,908,000 | 105,185,000 | 48,234,000 | 95,570,000 | 120,960,000 | 84,574,000 | 38,345,000 | 93,587,000 | 44,741,000 | 84,911,000 | 71,226,000 | 88,440,000 | 41,013,000 | 69,679,000 | ||||||||||||||||||||||
proceeds from sale of real estate owned | 320,000 | 0 | 0 | 725,000 | 1,978,000 | 0 | 0 | 2,191,000 | 15,000 | 1,635,000 | 320,000 | -1,847,000 | 367,000 | 3,204,000 | 203,000 | 994,000 | 124,000 | 2,840,000 | 82,000 | 974,000 | 305,000 | 9,899,000 | 14,000 | 1,293,000 | 621,000 | 2,816,181 | -815,181 | 818,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of available-for-sale investment securities | 0 | 12,292,000 | 0 | 231,951,000 | 5,129,000 | 103,034,000 | 8,737,000 | 0 | 74,998,000 | 599,535,000 | 0 | 155,600,000 | 15,014,000 | 1,990,000 | 0 | 0 | 5,028,000 | 0 | 294,255,000 | 75,036,000 | 78,573,000 | 8,066,000 | 23,592,000 | 0 | 69,175,000 | 98,627,000 | 54,779,000 | 24,700,000 | 128,400,000 | 105,250,000 | 62,981,000 | 30,180,000 | 26,274,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans previously classified as held for investment | 0 | 0 | 0 | 0 | 0 | 0 | 291,393,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of farmer mac guaranteed securities | 0 | 0 | 52,431,000 | 21,284,000 | 0 | 25,928,000 | 29,044,000 | 34,998,000 | 0 | 49,133,000 | 100,442,000 | 36,562,000 | 0 | 28,050,000 | 122,018,000 | 33,045,000 | 49,643,000 | 116,708,000 | 109,101,000 | 65,088,000 | 131,202,000 | 114,973,000 | 156,271,000 | 98,368,000 | 149,607,000 | 378,105,000 | 131,765,000 | 49,990,000 | 49,487,000 | 111,145,000 | 28,718,000 | 10,849,000 | 25,042,000 | 8,729,000 | 11,706,000 | 14,248,000 | 3,380,000 | 11,805,000 | 3,135,000 | 3,371,000 | 7,363,000 | 11,865,000 | 5,954,000 | 6,182,000 | 6,724,000 | 163,972,000 | 7,008,000 | 100,000 | 17,124,000 | 19,683,000 | 635,847,000 | 7,758,000 | 6,118,000 | 3,896,000 | 1,214,000 | 1,124,000 | 200,000 | ||||||||||||||
net cash from investing activities | -1,902,097,000 | -528,236,000 | -1,036,561,000 | -345,878,000 | -782,945,000 | -265,676,000 | -108,379,000 | -525,473,000 | -674,976,000 | -997,975,000 | 178,885,000 | -461,315,000 | -992,068,000 | -344,487,000 | -541,773,000 | -185,254,000 | 41,531,000 | -1,165,473,000 | -426,895,000 | -321,618,000 | -225,510,000 | -37,808,000 | 73,831,000 | -403,922,000 | 712,454,000 | -184,188,000 | -147,122,000 | -403,011,000 | -285,197,000 | -493,480,000 | -293,288,000 | -385,554,000 | -908,913,000 | -44,389,000 | -440,188,000 | 33,564,000 | -160,490,000 | -197,935,000 | -381,007,000 | -192,996,439 | 212,548,439 | -212,883,000 | |||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt securities of consolidated trusts | 306,266,000 | 0 | 304,788,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to redeem notes payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to third parties on debt securities of consolidated trusts | -40,586,000 | -76,904,000 | -41,852,000 | -67,501,000 | -23,198,000 | -51,723,000 | -18,818,000 | -45,068,000 | -10,927,000 | -33,355,000 | -21,190,000 | -36,573,000 | -27,828,000 | -56,694,000 | -29,038,000 | -112,731,000 | -38,626,000 | -165,557,000 | -68,228,000 | -207,861,000 | -73,714,000 | -256,089,000 | -75,235,000 | -99,769,000 | -38,002,000 | -62,671,000 | -16,557,000 | -64,263,000 | -45,935,000 | -33,834,000 | -38,197,000 | -14,636,000 | -31,633,000 | -8,023,000 | -46,926,000 | -39,760,000 | -21,808,000 | -4,848,000 | -15,793,000 | 16,642,000 | -19,130,000 | -9,611,000 | -25,413,000 | -5,017,000 | -32,297,000 | -20,962,000 | -48,162,000 | -23,713,000 | -43,738,000 | -28,944,000 | -51,839,000 | -28,428,000 | -34,083,000 | ||||||||||||||||||
purchases of common stock | 0 | 0 | 0 | -235,000 | -1,000 | 0 | 0 | -830,000 | -13,925,000 | -1,855,000 | -3,711,000 | -9,475,000 | -2,557,000 | -19,369,026 | 1,076,026 | -1,085,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock issuance | 63,000 | 66,000 | 80,000 | 79,000 | 78,000 | 78,000 | 67,000 | 64,000 | 64,000 | 64,000 | 54,000 | 51,000 | 52,000 | 48,000 | 46,000 | 46,000 | 46,000 | 46,000 | 13,000 | 12,000 | 12,000 | 8,000 | 17,000 | 19,000 | 19,000 | 19,000 | 3,000 | 3,000 | 0 | 4,000 | 3,000 | 3,000 | 3,000 | 84,000 | 148,000 | -1,132,000 | 197,000 | 1,484,000 | 4,000 | -1,233,000 | 272,000 | 317,000 | 888,000 | 2,894,000 | 14,000 | 23,000 | 4,000 | 2,000 | 4,000 | 36,000 | -20,000 | -8,000 | 12,000 | 155,000 | 13,000 | 13,000 | 12,000 | 8,000 | 9,000 | 12,000 | 2,354,000 | 3,346,000 | 22,000 | 344,000 | 1,942,000 | 5,387,000 | 202,000 | 1,325,000 | 4,048,888 | -812,888 | 815,000 |
proceeds from preferred stock issuance, net of stock issuance costs | -45,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax payments related to share-based awards | -1,000 | -72,000 | -76,000 | -4,960,000 | -963,000 | -482,000 | -1,043,000 | -2,863,000 | -166,000 | -507,000 | -2,358,000 | 18,000 | -46,000 | -329,000 | -1,341,000 | -119,000 | 0 | 0 | -1,179,000 | -126,000 | 0 | -89,000 | -282,000 | -189,000 | -27,000 | -638,000 | -424,000 | -688,000 | -112,000 | -1,116,000 | -1,407,000 | -253,000 | -614,000 | -328,000 | -1,341,000 | ||||||||||||||||||||||||||||||||||||
retirement of preferred stock | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid on common and preferred stock | -22,890,000 | -22,067,000 | -22,068,000 | -22,018,000 | -20,002,000 | -22,048,000 | -22,025,000 | -21,977,000 | -18,717,000 | -18,715,000 | -18,712,000 | -18,673,000 | -17,052,000 | -17,051,000 | -17,048,000 | -17,020,000 | -16,267,000 | -15,588,000 | -14,741,000 | -14,719,000 | -13,280,000 | -13,351,000 | -12,016,000 | -12,002,000 | -10,930,000 | -10,923,000 | -11,275,000 | -10,766,000 | -9,482,000 | -9,482,000 | -9,457,000 | -7,118,000 | -7,114,000 | -7,113,000 | -7,094,000 | -8,901,000 | -5,059,000 | -5,062,000 | -5,045,000 | -8,206,000 | -2,184,000 | -2,180,000 | -1,426,000 | -2,510,000 | -1,770,000 | -1,766,000 | -1,038,000 | -1,238,000 | -1,237,000 | -1,236,000 | -1,235,000 | -1,234,000 | -1,234,000 | -1,233,000 | -2,477,000 | -3,032,000 | -1,592,000 | -1,562,000 | -1,546,000 | ||||||||||||
net cash from financing activities | 1,828,731,000 | 324,737,000 | 1,066,477,000 | 419,825,000 | 597,365,000 | 229,122,000 | 230,104,000 | 148,536,000 | 948,215,000 | 543,218,000 | -288,491,000 | 404,346,000 | 881,823,000 | 351,027,000 | 484,976,000 | 177,742,000 | -40,075,000 | 738,121,000 | 1,384,410,000 | 219,681,000 | 550,185,000 | 901,077,000 | 912,468,000 | 1,200,486,000 | 191,691,000 | 507,746,000 | 168,553,000 | 70,797,000 | 113,134,000 | 430,716,000 | 141,554,000 | 578,621,000 | 267,317,000 | 1,276,991,000 | -73,507,000 | 533,797,000 | 502,371,000 | 134,238,000 | -63,851,000 | 268,980,000 | |||||||||||||||||||||||||||||||
net change in cash and cash equivalents | 30,044,000 | -129,306,000 | -17,806,000 | 24,128,000 | 181,951,000 | -80,905,000 | 177,856,000 | -143,602,000 | 106,389,000 | -91,772,000 | 9,496,000 | 3,592,000 | -7,232,000 | -41,196,000 | 19,384,000 | -18,739,000 | 9,733,000 | 70,649,000 | -184,138,000 | -21,400,000 | 123,349,000 | 82,992,000 | -403,985,000 | 627,204,000 | 16,440,000 | 191,339,000 | 20,480,000 | -49,134,000 | |||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 0 | 0 | 0 | 1,024,007,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 30,044,000 | -129,306,000 | -17,806,000 | 1,048,135,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of trading securities, loans held for sale, hedged items, and financial derivatives | -40,639,000 | -43,592,000 | -108,740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sale of mortgage loans | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of available-for-sale investment securities | 0 | 0 | 0 | -3,071,000 | -2,000 | 10,000 | 0 | 0 | -28,000 | 0 | -74,000 | -38,000 | -157,000 | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sale of real estate owned | 0 | 0 | 69,000 | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total provision for/(release of) allowance for losses | 7,433,000 | 7,812,000 | 1,583,000 | 3,872,000 | -181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits related to stock-based awards | 21,000 | 14,000 | -659,000 | 384,000 | 226,000 | 341,000 | -120,000 | 53,000 | 213,000 | 458,000 | -201,000 | 14,000 | 151,000 | 73,000 | -137,000 | 0 | 0 | 102,000 | 190,000 | -19,000 | 54,000 | 33,000 | -508,000 | 7,000 | 183,000 | 132,000 | 127,000 | 202,000 | 463,000 | 440,000 | -310,000 | 338,000 | 153,000 | 679,000 | 1,274,000 | 0 | 128,000 | 26,000 | -944,000 | 337,000 | 45,000 | 613,000 | 1,119,000 | 138,000 | 233,000 | 623,000 | 0 | 99,000 | -250,000 | 394,000 | |||||||||||||||||||||
deferred income taxes | -2,770,000 | -1,894,000 | 1,198,000 | 252,000 | -4,801,000 | 1,345,000 | 2,688,000 | -2,614,000 | -1,014,000 | -2,122,000 | 12,440,000 | -2,414,000 | 11,055,000 | 1,549,000 | 2,216,000 | -658,000 | -1,275,000 | -1,414,000 | 1,387,000 | 357,000 | -509,000 | 1,093,000 | -3,347,000 | 152,000 | -5,237,000 | 2,972,000 | 2,902,000 | 4,207,000 | -2,296,000 | -161,000 | 1,311,000 | -185,000 | 676,000 | 1,419,000 | 1,921,000 | -3,475,000 | 6,718,000 | -1,061,000 | -17,379,000 | 283,000 | 8,125,000 | 1,992,000 | -97,000 | 1,772,000 | -8,847,000 | 5,190,000 | 1,795,000 | -21,127,000 | -5,393,000 | 5,786,000 | -1,333,000 | 4,156,000 | -3,636,000 | 289,000 | -38,014,000 | 36,465,000 | 23,874,000 | 13,290,000 | -29,062,000 | -7,779,000 | 7,142,000 | -10,679,000 | -11,502,000 | -3,357,000 | 783,000 | -3,014,000 | -19,000 | 2,189,499 | 302,501 | -302,000 | |
purchases of loans held for sale | 0 | 0 | -57,626,000 | -27,336,000 | -58,972,000 | -27,991,000 | -61,999,000 | -32,707,000 | -38,893,000 | -80,517,000 | -257,238,000 | -111,069,000 | -165,263,000 | -127,740,000 | -41,914,000 | -69,376,000 | -37,901,000 | -15,144,000 | -23,064,000 | -7,776,000 | -22,261,000 | -8,424,000 | -19,038,000 | -8,799,000 | -11,694,000 | -15,528,000 | -11,010,000 | -42,066,684 | 13,296,684 | -13,328,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of available-for-sale and held-to-maturity investment securities | -120,244,000 | -741,970,000 | -553,122,000 | -459,926,000 | -806,018,000 | -559,258,000 | -606,698,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of farmer mac guaranteed securities and usda securities | -407,335,000 | -235,214,000 | -378,516,000 | -77,634,000 | -724,276,000 | -336,179,000 | -462,055,000 | -1,270,606,000 | -1,546,567,000 | -919,699,000 | -716,412,000 | -967,650,000 | -1,246,583,000 | -1,340,881,000 | -1,720,619,000 | -1,722,596,000 | -1,489,478,000 | -568,994,000 | -599,833,000 | -276,673,000 | -436,919,000 | -703,150,000 | -657,959,000 | -523,303,000 | -507,521,000 | -802,769,000 | -857,511,000 | -701,518,000 | -912,095,000 | -931,199,000 | -333,285,000 | -472,055,000 | -1,415,929,000 | -692,245,000 | -1,486,243,000 | -534,575,000 | -209,798,000 | -349,364,000 | |||||||||||||||||||||||||||||||||
proceeds from repayment of available-for-sale and held-to-maturity investment securities | 162,898,000 | 319,774,000 | 332,698,000 | 279,448,000 | 274,100,000 | 254,974,000 | 520,194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of farmer mac guaranteed securities and usda securities | 762,541,000 | 442,914,000 | 614,238,000 | 397,751,000 | 1,494,386,000 | 920,638,000 | 254,722,000 | 899,931,000 | 838,945,000 | 1,491,542,000 | 247,706,000 | 495,470,000 | 1,066,589,000 | 1,208,052,000 | 1,659,253,000 | 1,744,756,000 | 977,251,000 | 622,629,000 | 683,090,000 | 792,457,000 | 695,782,000 | 621,615,000 | 408,103,000 | 443,754,000 | 505,792,000 | 686,816,000 | 554,340,000 | 870,478,000 | 859,010,000 | 472,235,000 | 275,435,000 | 169,403,000 | 280,277,000 | 338,063,000 | 933,345,000 | 664,526,000 | 83,706,000 | 153,095,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of discount notes | 19,909,045,000 | 19,794,776,000 | 16,578,544,000 | 16,907,797,000 | 16,584,203,000 | 13,393,684,000 | 12,851,600,000 | 13,272,846,000 | 13,794,391,000 | 11,027,733,000 | 11,196,195,000 | 11,681,874,000 | 13,678,104,000 | 13,533,029,000 | 13,577,266,000 | 14,328,265,000 | 15,008,625,000 | 15,697,965,000 | 16,077,510,000 | 16,611,945,000 | 17,560,195,000 | 16,593,245,000 | 17,783,348,000 | 17,606,507,000 | 18,770,451,000 | 15,492,186,000 | 12,773,401,000 | 9,909,639,000 | 10,449,130,000 | 10,587,657,000 | 11,718,768,000 | 12,760,207,000 | 13,883,341,000 | 13,618,574,000 | 26,970,101,000 | 29,100,805,000 | 24,180,861,000 | 14,784,601,000 | -10,681,889,000 | 16,476,023,000 | 16,940,816,000 | 15,653,949,000 | 15,559,399,000 | 17,613,032,000 | 17,396,147,000 | 16,835,683,000 | 16,596,072,000 | 17,510,632,000 | 17,626,635,000 | 17,036,947,000 | 16,029,546,000 | 18,855,113,000 | 16,948,938,000 | 14,970,627,000 | 14,160,506,000 | 12,919,461,000 | 10,763,555,000 | 16,997,175,000 | 21,737,341,000 | 30,376,088,000 | 40,312,373,000 | 34,398,361,000 | 31,207,922,000 | 32,441,528,000 | 32,255,967,000 | 23,802,544,000 | 25,817,274,000 | 64,405,335,764 | -15,108,079,764 | 15,145,352,000 | |
proceeds from issuance of medium-term notes | 3,432,328,000 | 3,231,124,000 | 3,355,631,000 | 2,824,663,000 | 2,427,471,000 | 1,518,777,000 | 1,774,926,000 | 2,715,420,000 | 2,420,182,000 | 1,755,697,000 | 1,383,319,000 | 2,164,629,000 | 2,068,713,000 | 2,171,609,000 | 2,626,165,000 | 2,584,531,000 | 2,009,939,000 | 3,080,133,000 | 3,498,544,000 | 2,948,605,000 | 2,769,743,000 | 4,057,381,000 | 3,734,025,000 | 2,563,350,000 | 3,165,160,000 | 2,343,013,000 | 2,124,252,000 | 2,006,379,000 | 2,042,390,000 | 2,060,844,000 | 1,440,562,000 | 1,902,536,000 | 3,006,227,000 | 2,251,535,000 | 3,113,078,000 | 715,433,000 | 1,345,756,000 | 1,344,848,000 | 1,271,468,000 | 547,419,000 | 1,022,663,000 | 703,268,000 | 1,210,137,000 | 832,197,000 | 749,867,000 | 565,987,000 | 314,470,000 | 989,260,000 | 375,346,000 | 616,503,000 | 751,921,000 | 971,337,000 | 666,619,000 | 339,653,000 | 513,667,000 | 888,004,000 | 1,154,758,000 | 919,427,000 | 742,050,000 | 474,959,000 | 371,970,000 | 639,974,000 | 318,000,000 | 466,000,000 | 259,000,000 | 536,000,000 | 396,885,000 | 375,664,800 | -86,082,800 | 86,200,000 | |
payments to redeem discount notes | -20,183,048,000 | -19,678,198,000 | -16,884,950,000 | -16,936,798,000 | -16,647,282,000 | -13,029,212,000 | -12,695,146,000 | -13,079,305,000 | -13,219,042,000 | -10,926,565,000 | -10,913,679,000 | -11,988,962,000 | -14,291,665,000 | -13,950,774,000 | -13,854,017,000 | -14,560,922,000 | -14,286,489,000 | -15,696,501,000 | -16,199,154,000 | -17,174,826,000 | -17,710,652,000 | -16,687,792,000 | -17,387,222,000 | -17,577,217,000 | -18,771,644,000 | -15,132,944,000 | -12,597,517,000 | -10,373,311,000 | -10,216,481,000 | -10,941,104,000 | -11,889,741,000 | -13,084,090,000 | -14,323,702,000 | -14,766,905,000 | -30,984,591,000 | -28,199,484,000 | -24,294,984,000 | -14,439,480,000 | 11,184,420,000 | -16,536,393,000 | -16,976,739,000 | -16,021,517,000 | -16,249,342,000 | -17,315,051,000 | -17,576,441,000 | -16,436,929,000 | -16,273,455,000 | -17,071,351,000 | -17,093,355,000 | -17,021,207,000 | -15,038,275,000 | -18,166,682,000 | -16,996,115,000 | -15,099,610,000 | -13,598,636,000 | -13,102,370,000 | -10,863,702,000 | -17,111,209,000 | -22,063,508,000 | -31,290,389,000 | -39,701,505,000 | -33,934,610,000 | -31,460,361,000 | -32,503,442,000 | -32,245,352,000 | -23,855,507,000 | -26,116,989,000 | -64,124,291,606 | 15,058,291,606 | -15,095,392,000 | |
payments to redeem medium-term notes | -2,831,500,000 | -2,503,820,000 | -2,535,000,000 | -2,459,000,000 | -1,986,095,000 | -1,894,788,000 | -1,713,000,000 | -1,931,000,000 | -2,399,800,000 | -2,103,150,000 | -1,428,500,000 | -930,844,000 | -1,232,000,000 | -1,238,500,000 | -1,790,815,000 | -1,946,000,000 | -2,066,000,000 | -2,936,370,000 | -3,638,000,000 | -2,121,000,000 | -2,446,000,000 | -3,214,200,000 | -2,633,565,000 | -2,324,019,000 | -2,539,569,000 | -1,794,584,000 | -1,311,954,000 | -1,941,194,000 | -2,112,300,000 | -1,200,936,000 | -1,259,000,000 | -1,210,000,000 | -1,350,000,000 | -856,300,000 | -207,735,000 | -1,769,000,000 | -1,194,715,000 | -912,000,000 | -1,746,000,000 | -390,000,000 | -553,000,000 | -419,000,000 | -398,000,000 | -660,000,000 | -400,000,000 | -332,000,000 | -339,275,000 | -487,000,000 | -398,000,000 | -142,000,000 | -431,000,000 | -533,000,000 | -612,000,000 | -296,590,000 | -624,000,000 | -388,000,000 | -552,000,000 | -1,163,000,000 | -90,476,000 | -929,660,000 | -451,000,000 | -599,000,000 | -567,885,000 | -268,582,000 | -333,883,000 | -203,200,000 | -91,000,000 | -191,886,000 | 45,386,000 | -45,500,000 | |
amortization of debt premiums, discounts, and issuance costs | 18,053,000 | -8,419,000 | 108,000 | 17,967,000 | 11,586,000 | 8,570,000 | 9,337,000 | 3,297,000 | 10,217,000 | 7,817,000 | 6,184,000 | 3,637,000 | 2,018,000 | 1,674,000 | 1,504,000 | 1,608,000 | 1,994,000 | 2,817,000 | 3,733,000 | 5,548,000 | 9,221,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of trading securities, hedged items, and financial derivatives | -204,353,000 | 18,037,000 | 123,519,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 888,707,000 | 0 | 0 | 0 | 861,002,000 | 0 | 0 | 0 | 908,785,000 | 0 | 0 | 0 | 1,033,941,000 | 0 | 0 | 0 | 604,381,000 | 0 | 0 | 0 | 425,256,000 | 0 | 0 | 302,022,000 | 0 | 0 | 0 | 265,229,000 | -153,303,000 | 0 | 0 | 1,363,387,000 | -36,251,000 | 0 | 0 | 785,564,000 | 0 | 0 | 0 | 817,046,000 | 0 | 0 | 0 | 729,920,000 | 0 | 0 | 0 | 654,794,000 | 0 | 0 | 0 | 278,412,000 | 0 | 0 | 0 | 101,445,000 | 0 | 0 | 0 | 877,714,000 | 0 | 458,393,148 | -458,393,148 | 458,852,000 | |||||
cash and cash equivalents at end of period | -80,905,000 | 177,856,000 | 745,105,000 | 106,389,000 | -91,772,000 | 9,496,000 | 864,594,000 | -7,232,000 | -41,196,000 | 19,384,000 | 890,046,000 | 9,733,000 | 70,649,000 | -184,138,000 | 1,012,541,000 | 123,349,000 | 82,992,000 | -403,985,000 | 1,231,585,000 | 16,440,000 | 191,339,000 | 20,480,000 | 376,122,000 | 5,340,000 | -62,446,000 | 493,258,000 | -64,742,000 | 46,771,000 | 6,352,000 | 313,641,000 | -1,251,307,000 | -166,620,000 | 126,910,000 | 1,556,246,000 | 711,674,000 | 990,000 | -242,664,000 | 893,387,000 | -84,476,000 | 117,538,000 | -222,461,000 | 974,963,000 | -7,968,000 | 56,679,000 | -11,108,000 | 779,443,000 | 276,647,000 | 127,940,000 | -92,878,000 | 418,211,000 | 379,900,000 | -87,964,000 | 79,057,000 | 283,801,000 | 227,751,000 | -661,713,000 | 512,385,000 | 199,989,000 | -470,981,000 | 165,000 | -244,669,000 | 816,930,000 | 73,112,000 | 804,253,049 | -413,270,049 | 413,619,000 | |||||
total benefit from/(release of) allowance for losses | 6,230,000 | -1,870,000 | 750,000 | 3,831,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of available-for-sale investment securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of mortgage loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from third parties from issuance of debt securities of consolidated trusts | 0 | 0 | 0 | 222,188,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of trading securities, hedged assets, and financial derivatives | 270,979,000 | 131,454,000 | -62,398,000 | 24,223,000 | 204,177,000 | 230,128,000 | 231,470,000 | -23,137,000 | 48,581,000 | -122,110,000 | 300,424,000 | 85,914,000 | 58,622,000 | -21,998,000 | -379,004,000 | 106,457,000 | -118,324,000 | -139,117,000 | -69,096,000 | 15,954,000 | 6,926,000 | 19,174,000 | 1,045,000 | -110,000 | -12,647,000 | 525,000 | -6,381,000 | 6,914,000 | -16,151,000 | 532,000 | |||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) operating activities | 60,561,000 | 397,796,000 | 18,003,000 | 3,081,000 | 22,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate owned | 22,000 | 0 | 0 | -485,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (provision for)/release of allowance for losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of loans held for sale | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total release of allowance for losses | 450,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by investing activities | -705,304,000 | -716,819,000 | -108,245,000 | -33,965,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) financing activities | 467,983,000 | 428,775,000 | -180,866,000 | 474,685,000 | 431,996,000 | -89,384,798 | 89,550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (release of)/benefit from allowance for losses | -54,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (release)/benefit from allowance for losses | -31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (release)/provision for allowance for losses | 255,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash activity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans acquired and securitized as farmer mac guaranteed securities | 34,998,000 | 0 | 49,133,000 | 100,442,000 | 36,562,000 | 0 | 28,050,000 | 122,018,000 | 33,045,000 | 49,643,000 | 116,708,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidation of farmer mac guaranteed securities from off-balance sheet to loans held for investment in consolidated trusts and to debt securities of consolidated trusts held by third parties | 34,998,000 | 0 | 49,133,000 | 100,442,000 | 36,562,000 | 0 | 28,050,000 | 122,018,000 | 23,539,000 | 20,224,000 | 97,780,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of defaulted loans from loans held for investment in consolidated trusts to loans held for investment | 1,227,000 | 0 | 23,463,000 | 4,643,000 | 34,979,000 | 2,672,000 | 4,742,000 | 87,000 | 671,000 | 0 | 4,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of loans held for sale to loans held for investment | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of loans held for investment to loans held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized interest | 216,000 | 255,000 | 782,000 | 411,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of securities - traded, not yet settled | 7,502,000 | -45,412,000 | 50,000,000 | -1,320,000 | -25,100,000 | 35,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/(used in) investing activities | 64,598,000 | 79,194,000 | 316,541,000 | -126,529,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by financing activities | -483,794,000 | -113,430,000 | -351,241,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate owned acquired through loan liquidation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
charge-off from the allowance for losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total benefit from allowance for losses | 1,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of series b preferred stock | 0 | 0 | 0 | 0 | 0 | -144,216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from series d preferred stock issuance, net of stock issuance costs | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from series e preferred stock issuance, net of stock issuance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturity of investment security - not yet settled | 5,235,000 | -40,310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/provided by operating activities | -330,311,000 | 118,377,000 | -219,981,000 | -49,064,000 | -160,327,000 | -54,831,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt premiums, discounts and issuance costs | 12,258,000 | 13,772,000 | 13,196,000 | 10,826,000 | 8,043,000 | 7,693,000 | 6,008,000 | 5,780,000 | 5,599,000 | 5,823,000 | 5,656,000 | 22,156,000 | 3,731,000 | 3,038,000 | 2,832,000 | 570,000 | 2,833,000 | 3,000,000 | 3,286,000 | 4,005,000 | 3,719,000 | 3,572,000 | 3,362,000 | 3,978,000 | 3,057,000 | 2,975,000 | 2,790,000 | 2,925,000 | 2,024,000 | 1,671,000 | 1,362,000 | 1,894,000 | 2,866,000 | 3,290,000 | 4,826,000 | 12,614,000 | 19,360,000 | 18,892,000 | 28,538,000 | 32,656,000 | 35,198,000 | 33,143,000 | 29,813,000 | 26,639,000 | |||||||||||||||||||||||||||
loss/(gain) on sale of real estate owned | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total benefit from losses | 2,851,000 | 623,000 | -3,000 | 582,000 | -410,000 | 464,000 | 384,000 | 466,000 | 444,000 | -36,000 | -704,000 | 1,176,000 | 1,238,000 | 1,382,000 | 3,187,000 | -6,222,000 | 6,053,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate owned | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used by)/provided by operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by investing activities | -761,408,000 | -980,122,000 | 369,285,000 | -225,081,000 | -383,997,000 | -71,029,000 | -349,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total release for losses | -393,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses/(gains) on sale of real estate owned | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 5,340,000 | -62,446,000 | 191,236,000 | -64,742,000 | 46,771,000 | 6,352,000 | 48,412,000 | 192,859,000 | 107,823,000 | 157,917,000 | 79,057,000 | 5,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains)/losses on sale of real estate owned | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided/(used) by financing activities | 118,311,000 | 457,403,000 | -11,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of trading investment securities | 1,668,000 | 107,000 | 190,000 | 247,000 | 29,000 | 155,000 | 186,000 | 315,000 | 5,879,000 | 205,000 | 423,000 | 388,000 | 370,000 | 1,404,999 | -465,999 | 467,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock repurchased | -7,292,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in subsidiary - non-controlling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of farmer mac ii llc preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid - non-controlling interest - preferred stock | 0 | 0 | -5,415,000 | -5,551,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,546,000 | -4,005,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of real estate owned | -32,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sale of available-for-sale investment securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from sale of real estate owned | 697,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used)/provided by investing activities | -245,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses/(gains) on sale of available-for-sale investment securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total benefit from/(release of) losses | 745,000 | -303,000 | 1,157,000 | 94,000 | 174,000 | 450,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from series b preferred stock issuance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from series c preferred stock issuance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of farmer mac ii llc preferred stock | 0 | 0 | -244,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used)/provided by financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease)/increase in cash and cash equivalents | -92,878,000 | -236,583,000 | -470,981,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains)/losses on sale of available-for-sale investment securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities sold, not yet purchased | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in securities purchased under agreements to resell | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments)/proceeds from sale of real estate owned | 0 | 0 | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in contour | 44,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase/(decrease) in cash and cash equivalents | -166,620,000 | 56,679,000 | -11,108,000 | 49,523,000 | 512,385,000 | 98,544,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of available-for-sale investment securities | 0 | -6,000 | -63,000 | 300,000 | -3,150,000 | 85,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (release of)/benefit from losses | -696,000 | -118,000 | -801,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on repurchase of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from series a preferred stock issuance | 0 | 0 | 58,333,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retirement of series c preferred stock | 0 | 0 | -57,578,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of interest - non-controlling interest - preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of deferred gains, premiums and discounts on loans, investments, farmer mac guaranteed securities, and usda guaranteed securities | 2,578,000 | 2,426,000 | 2,712,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of trading securities, hedged assets, financial derivatives, and loans held for sale | -6,500,000 | -16,629,000 | -8,997,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of real estate owned | -39,000 | -1,124,000 | -47,000 | -629,000 | 13,000 | -254,000 | 4,000 | -627,000 | -97,000 | 0 | -98,000 | -295,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of farmer mac guaranteed securities and usda guaranteed securities | -423,872,000 | -635,897,000 | -222,187,000 | -235,745,000 | -565,974,000 | -365,613,000 | -301,725,000 | -104,131,000 | -1,088,658,000 | -399,445,000 | -617,370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of farmer mac guaranteed securities and usda guaranteed securities | 317,358,000 | 295,733,000 | 163,508,000 | 82,349,000 | 343,268,000 | 259,824,000 | 177,551,000 | 50,136,000 | 51,562,000 | 75,196,000 | 572,505,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -244,669,000 | -60,784,000 | 345,859,901 | 45,123,099 | -45,233,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by/(used in) operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of deferred gains, premiums and discounts on loans, investments, farmer mac guaranteed securities and usda guaranteed securities | 9,534,000 | 3,111,000 | 3,326,000 | 3,672,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of trading securities, hedged assets, financial derivatives and loans held for sale | -4,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment and sale of trading investment securities | 147,000 | 136,000 | 239,000 | 288,000 | 83,172,000 | 136,000 | 168,000 | 382,000 | 161,000 | 186,000 | 164,000 | 236,000 | 143,000 | 172,000 | 204,000 | 268,000 | 332,000 | 326,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of trading securities - fair value option | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance costs on retirement of preferred stock | 0 | 0 | 0 | -5,784,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from preferred stock issuance - farmer mac ii llc | 0 | 0 | 0 | 241,853,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of trading securities, financial derivatives and loans held for sale | 24,679,000 | -16,768,000 | -4,414,000 | 58,837,000 | 4,836,000 | -15,135,000 | -10,683,000 | -682,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premiums and discounts on loans, investments, farmer mac guaranteed securities and usda guaranteed securities | 5,583,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred gains on certain farmer mac guaranteed securities and usda guaranteed securities | -964,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment losses | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans purchased as held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of trading securities - fair value option | 0 | 0 | 0 | 5,013,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans purchased as held for investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from preferred stock issuance | 578,000 | 17,000,000 | 20,000,000 | 10,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premiums and discounts on loans, investments, and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac guaranteed securities and usda guaranteed securities | 5,071,000 | 4,294,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred gains on certain farmer mac guaranteed | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities and usda guaranteed securities | -955,000 | -3,081,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (release)/benefit from losses | -653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of loans held for sale | 35,892,000 | 15,442,000 | 36,153,000 | 13,872,000 | 32,963,000 | 10,229,000 | 35,779,000 | 14,579,000 | 1,538,000 | 488,000 | 8,955,000 | 1,697,000 | 4,095,000 | 1,075,000 | 1,543,000 | -4,688,000 | 8,889,000 | 2,385,000 | 6,572,656 | -3,717,656 | 3,723,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of loans held for investment | 127,693,000 | 40,744,000 | 54,096,000 | 57,864,000 | 84,464,000 | 16,214,000 | 36,702,000 | 23,279,000 | 41,983,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/ | 10,363,000 | 37,454,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash (used in)/provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premiums and discounts on loans, investments, and farmer mac and usda guaranteed securities | 4,518,000 | 1,632,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of transition adjustment on financial derivatives | -50,000 | 40,000 | 46,000 | 34,000 | 28,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of loans and farmer mac guaranteed securities | 0 | 0 | 0 | -1,581,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on repurchase of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of real estate owned | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase)/decrease in interest receivable | -22,871,000 | 5,192,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease/(increase) in guarantee and commitment fees receivable | -544,000 | 102,000 | 2,079,000 | -12,814,386 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease/(increase) in other assets | 52,095,000 | 25,753,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase/(decrease) in accrued interest payable | 12,037,000 | -7,819,000 | 5,383,000 | 7,968,000 | -15,485,000 | 14,497,000 | 4,364,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease)/increase in other liabilities | -378,000 | 4,081,000 | -12,203,000 | 21,799,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of farmer mac guaranteed securities | -859,616,000 | -935,073,000 | -123,105,000 | -93,197,000 | -95,250,000 | -1,003,224,000 | -597,402,000 | -352,078,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of farmer mac guaranteed securities | 338,600,000 | 170,336,000 | 145,614,000 | 56,912,000 | 35,020,000 | 553,169,000 | 70,295,000 | 67,277,000 | 44,517,000 | 66,671,000 | 82,973,000 | 69,697,000 | 45,016,000 | 70,058,000 | 58,114,000 | 73,495,000 | 41,575,000 | 185,315,010 | -68,605,010 | 68,723,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans | 763,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mezzanine equity issuance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
farmer mac and usda guaranteed securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in guarantee and commitment fees receivable | 2,521,000 | -2,384,000 | 20,821,000 | 256,000 | 4,770,000 | 2,031,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets | 15,922,000 | 13,741,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from tax deduction in excess of compensation cost recognized | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of available-for-sale investments securities | 0 | -240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total provision/(recoveries) for losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase)/decrease in other assets | 1,624,000 | -3,269,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other liabilities | 637,000 | -19,931,000 | 2,157,000 | -9,843,000 | 3,850,000 | -13,337,914 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in)/ provided by financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in fair value of trading securities and financial derivatives | -6,262,000 | -748,000 | -26,373,000 | -31,322,000 | -46,617,000 | 80,814,000 | 23,546,000 | -21,480,000 | 28,888,000 | 30,353,000 | 23,346,000 | -18,582,000 | 3,928,000 | -1,096,000 | -5,103,150 | -1,899,850 | 1,902,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in interest receivable | 2,384,000 | -2,410,000 | -6,857,000 | 26,119,000 | 33,291,000 | 17,407,000 | 15,161,143 | -24,161,143 | 24,165,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment to third parties on debt securities of consolidated trusts | -72,971,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization/(accretion) of premiums and discounts on loans, investments, and farmer mac guaranteed securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of trading investment securities | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of available-for-sale investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total provision/(recovery) for losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease/(increase) in interest receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease)/increase in accrued interest payable | 7,950,000 | -15,413,000 | 14,202,000 | -16,273,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from tax deductions in excess of compensation cost recognized | 0 | 206,000 | 23,000 | 247,000 | 333,000 | 13,000 | 739,000 | 480,652 | -238,652 | 239,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premiums and discounts on loans, investments and farmer mac guaranteed securities | 916,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued interest payable | -1,371,000 | 3,938,000 | -5,649,000 | -6,696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other liabilities | -7,971,000 | 5,721,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of loans | 3,056,000 | 218,000 | 34,034,000 | 36,330,000 | 37,164,000 | 47,767,000 | 14,597,000 | 105,373,574 | -44,513,574 | 44,582,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans held | 0 | 0 | 358,953,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -4,874,000 | -4,637,000 | -4,443,000 | -1,600,000 | -1,592,000 | -1,597,000 | -1,617,000 | -4,953,661 | 1,669,661 | -1,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by/ (used in) financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of sfas 133 transition adjustment on financial derivatives | 50,000 | 39,000 | 53,000 | 66,000 | 84,000 | 72,000 | 76,000 | 88,000 | 118,000 | 91,000 | 115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment - credit losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of premiums and discounts on loans and investments | 1,228,000 | 1,000,000 | 1,611,000 | 1,141,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses on available-for-sale investment securities | 81,000 | 3,788,000 | 97,108,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (loss)/income | -7,697,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization/(accretion) of premiums and discounts on loans and investments | 325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of farmer mac guaranteed securities | 22,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of available-for-sale securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (recovery)/benefit from losses | 0 | 386,000 | 100,000 | -628,000 | -530,000 | -2,876,289 | 1,707,289 | -1,709,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease/ (increase) in interest receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in guarantee and commitment fees receivable | -724,000 | -2,517,000 | 1,739,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease)/increase in other assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of investment securities | 135,944,000 | 149,106,000 | -71,479,000 | 367,527,000 | 1,006,007,000 | 746,402,000 | 767,616,000 | 800,052,000 | 991,636,000 | 2,477,294,033 | -638,291,033 | 639,816,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other assets | -7,804,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of farmer mac ii guaranteed securities and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
agvantage farmer mac guaranteed securities | 47,419,400 | -47,528,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of farmer mac ii guaranteed securities and agvantage farmer mac guaranteed securities | -160,772,000 | -60,281,000 | -54,726,000 | -50,381,000 | -61,024,000 | -61,098,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net (loss)/income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (accretion)/amortization of premiums and discounts on loans and investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in interest receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest payable | -3,805,784 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase/(decrease) in other liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net accretion of premiums and discounts on loans and investments | -727,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of available-for-sale securities | -87,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase)/decrease in guarantee and commitment fees receivable | -2,455,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by/ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(used in) operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the sale of farmer mac guaranteed securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (accretion)/amortization of investment premiums and discounts | -2,277,763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of debt premiums, discounts and issuance costs | 95,012,780 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans and farmer mac guaranteed securities | 3,164,967 | -1,481,967 | 1,485,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of settled financial derivatives contracts | -88,862 | 89,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains)/losses on the sale of real estate owned | 209,486 | -210,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of financial derivatives | -593,987 | 594,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net amortization of investment premiums and discounts | -234,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash used in | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on the repurchase of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on the sale of farmer mac guaranteed securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid |