$NRUC
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/

2021 Q1 Form 10-Q Financial Statement

#000007050221000042 Filed on April 13, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $9.303M $12.37M
YoY Change -24.82% 24.01%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $9.303M $12.37M
YoY Change -24.82% 24.01%
Operating Profit
YoY Change
Interest Expense $173.0M $203.0M
YoY Change -14.78% -2.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $379.5M -$277.4M
YoY Change -236.79% 287.31%
Income Tax $507.0K -$426.0K
% Of Pretax Income 0.13%
Net Earnings $377.7M -$275.6M
YoY Change -237.08% 288.49%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 0.000 shares 0.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $170.0M $55.62M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $89.31M $121.2M
YoY Change -26.33% 1.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $29.41B $27.95B
YoY Change 5.26% 1.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $4.408B $4.275B
YoY Change 3.1% 17.07%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $28.15B $27.07B
YoY Change 3.99% 4.67%
SHAREHOLDERS EQUITY
Retained Earnings $1.246B $857.0M
YoY Change 45.37% -43.72%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.244B $856.9M
YoY Change
Total Liabilities & Shareholders Equity $29.41B $27.95B
YoY Change 5.26% 1.96%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $377.7M -$275.6M
YoY Change -237.08% 288.49%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Entity Registrant Name
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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
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221000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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1303882000 USD
us-gaap Profit Loss
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us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
684055000 USD
us-gaap Profit Loss
ProfitLoss
-359448000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
7144000 USD
nru Amortizationof Debt Issuance Costs And Deferred Charges Excluding Revolving Lines Of Credit
AmortizationofDebtIssuanceCostsAndDeferredChargesExcludingRevolvingLinesOfCredit
8224000 USD
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
6999000 USD
us-gaap Depreciation
Depreciation
5825000 USD
us-gaap Depreciation
Depreciation
7219000 USD
nru Amortizationof Debt Issuance Costs And Deferred Charges Excluding Revolving Lines Of Credit
AmortizationofDebtIssuanceCostsAndDeferredChargesExcludingRevolvingLinesOfCredit
6870000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8832000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8029000 USD
nru Amortizationof Debt Issuance Costs Revolving Lines Of Credit
AmortizationofDebtIssuanceCostsRevolvingLinesOfCredit
3317000 USD
nru Amortizationof Debt Issuance Costs Revolving Lines Of Credit
AmortizationofDebtIssuanceCostsRevolvingLinesOfCredit
3854000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
34987000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1367000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1455000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-683000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
0 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
7713000 USD
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DebtAndEquitySecuritiesFVNIUnrealizedGainLoss
36000 USD
nru Debt And Equity Securities Fvni Unrealized Gain Loss
DebtAndEquitySecuritiesFVNIUnrealizedGainLoss
2255000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
558266000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-510664000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-5317000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-9248000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
36005000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
31631000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1327000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2112000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3100000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
5310000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
220798000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
199952000 USD
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
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us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
905437000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5156000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8153000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
21268000 USD
us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
350899000 USD
us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
0 USD
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
84271000 USD
us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
0 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
30000000 USD
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
25000000 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
0 USD
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
76339000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
69726000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-1866601000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-873935000 USD
nru Proceeds From Repayments Of Shortterm Debt Net
ProceedsFromRepaymentsOfShorttermDebtNet
779124000 USD
nru Proceeds From Repayments Of Shortterm Debt Net
ProceedsFromRepaymentsOfShorttermDebtNet
618527000 USD
us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
2260900000 USD
us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
1920660000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
2594052000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
1871525000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1025000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
2380354000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1499236000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1553744000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
1534099000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1455000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
683000 USD
nru Paymentfor Issuance Costsof Subordinated Deferrable Debt
PaymentforIssuanceCostsofSubordinatedDeferrableDebt
0 USD
nru Paymentfor Issuance Costsof Subordinated Deferrable Debt
PaymentforIssuanceCostsofSubordinatedDeferrableDebt
84000 USD
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
14288000 USD
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
2993000 USD
nru Payments For Retirement Of Members Subordinated Certificates
PaymentsForRetirementOfMembersSubordinatedCertificates
82291000 USD
nru Payments For Retirement Of Members Subordinated Certificates
PaymentsForRetirementOfMembersSubordinatedCertificates
19749000 USD
nru Payments For Retirement To Patronage Capital
PaymentsForRetirementToPatronageCapital
59888000 USD
nru Payments For Retirement To Patronage Capital
PaymentsForRetirementToPatronageCapital
63035000 USD
nru Proceeds From Repayments Of Membership Fees
ProceedsFromRepaymentsOfMembershipFees
1000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
680019000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186204000 USD
nru Proceeds From Repayments Of Membership Fees
ProceedsFromRepaymentsOfMembershipFees
-9000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1143237000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
551207000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-502566000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-122776000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177453000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
63428000 USD
us-gaap Interest Paid Net
InterestPaidNet
467621000 USD
us-gaap Interest Paid Net
InterestPaidNet
566567000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
156000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18000 USD
CY2020Q2 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
96000000 USD
CY2021Q1 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
96000000 USD
us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and related disclosures during the period. Management’s most significant estimates and assumptions involve determining the allowance for credit losses and the fair value of financial assets and liabilities. Actual results could differ from these estimates. We believe these financial statements reflect all adjustments of a normal, recurring nature that are, in the opinion of management, necessary for the fair presentation of the results for the interim period. The results of operations in the interim financial statements are not necessarily indicative of results that may be expected for the full fiscal year.
us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
Interest IncomeInterest income on performing loans is accrued and recognized as interest income based on the contractual rate of interest. Loan origination costs and nonrefundable loan fees that meet the definition of loan origination fees are deferred and generally recognized in interest income as yield adjustments over the period to maturity of the loan using the effective interest method.
us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Allowance for Credit Losses—Loan Portfolio</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We maintain an allowance for credit losses for our loan portfolio that represents management’s current estimate of expected credit losses over the remaining contractual term, adjusted as appropriate for estimated prepayments, of loans in our loan portfolio as of each balance sheet date. The allowance for our loan portfolio is reported on our consolidated balance sheet as a valuation account that is deducted from loans to members to present the net amount we expect to collect over the life of our loans. We are required to immediately recognize an allowance for expected credit losses upon origination of a loan. Adjustments to the allowance each period for changes in our estimate of lifetime expected credit losses for existing loans, or for newly originated loans, are recognized in earnings through the provision for credit losses presented on our consolidated statements of operations. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We estimate our allowance for lifetime expected credit losses for our loan portfolio using a using a probability of default/loss given default methodology. Our allowance for credit losses consists of a collective allowance and an asset-specific allowance. The collective allowance is established for loans in our portfolio that share similar risk characteristics and are therefore evaluated on a collective, or pool, basis in measuring expected credit losses. The asset-specific allowance is established for loans in our portfolio that do not share similar risk characteristics with other loans in our portfolio and are therefore evaluated on an individual basis in measuring expected credit losses. Expected credit losses are estimated based on historical experience, current conditions and forecasts, if applicable, that affect the collectibility of the reported amount.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Since inception in 1969, CFC has experienced limited defaults and losses as the utility sector generally tends to be less sensitive to changes in the economy than other sectors largely due to the essential nature of the service provided. The losses we have incurred were not tied to economic factors, but rather to distinct operating issues related to each borrower. Given that our loss experience has not correlated to specific underlying macroeconomic variables, such as U.S. unemployment rates or gross domestic product (“GDP”) growth, we have not made adjustments to our historical loss rates for any </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">forecasted period. We consider the need, however, to adjust our historical loss information for differences in the specific characteristics of our existing loan portfolio based on an evaluation of relative qualitative factors, such as differences in the composition of our loan portfolio, our underwriting standards, problem loan trends, the quality of our credit review function, the regulatory environment and other pertinent external factors. </span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Collective Allowance</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We employ a quantitative methodology and a qualitative framework to measure the collective component of our allowance for expected credit losses. The first element in our quantitative methodology involves the segmentation of our loan into loan pools that share similar risk characteristics. We divide our portfolio into segments that reflect the member borrower type, which is based on the utility sector of the borrower because the key operational, infrastructure, regulatory, environmental, customer and financial risks of each sector are similar in nature. Our primary member borrower types consist of CFC electric distribution, CFC electric power supply, CFC statewide and associate, NCSC and RTFC telecommunications. Our portfolio segments align with the sectors generally seen in the utilities industry. We further stratify each portfolio into loan pools based on our internal borrower risk ratings, as our borrower risk ratings provide important information on the collectibility of each of our loan portfolio segments. We then apply loss factors, consisting of the probability of default and loss given default, to the scheduled loan-level amortization amounts over the life of the loans for each of our loan pools. Below we discuss the source and basis for the key inputs, which include borrower risk ratings and the loss factors, in measuring expected credit losses for our loan portfolio.</span></div><div><span><br/></span></div><div style="padding-left:13.5pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:10pt;text-decoration:underline">Borrower Risk Ratings</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">:  </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We evaluate each borrower and loan facility in our loan portfolio and assign internal borrower and loan facility risk ratings based on consideration of a number of quantitative and qualitative factors. Each risk rating is reassessed annually following the receipt of the borrower’s audited financial statements; however, interim risk-rating adjustments may occur as a result of updated information affecting a borrower’s ability to fulfill its obligations or other significant developments and trends. Our internally assigned borrower risk ratings are intended to assess the general credit worthiness of the borrower and probability of default. We use our internal borrower risk ratings, which we map to the equivalent credit ratings by external rating agencies, to differentiate risk within each of our portfolio segments and loan pools. We provide additional information on our borrower risk ratings below in “Note 4—Loans.”</span></div><div><span><br/></span></div><div style="padding-left:13.5pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:10pt;text-decoration:underline">Probability of Default</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The probability of default, or default rate, represents the likelihood that a borrower will default over a particular time horizon. Because of our limited default history, we utilize third-party default data for the utility sector as a proxy to estimate default rates for each of our loan pools. The third-party default data provides historical default rates, based on credit ratings and remaining maturities of outstanding bonds, for the utility sector. Based on the mapping and alignment of our internal borrower risk ratings to equivalent credit ratings provided in the third-party utility default table, we apply the corresponding cumulative default rates to the scheduled amortization amounts over the remaining term of the loans in each of our loan pools. </span></div><div><span><br/></span></div><div style="padding-left:13.5pt;text-indent:-13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:10pt;text-decoration:underline">Loss Given Default</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The loss given default, or loss severity, represents the estimated loss, net of recoveries, on a loan that would be realized in the event of a borrower default. While we utilize third-party default data, we utilize our lifetime historical loss experience to estimate loss given default, or the recovery rate, for each of our loan portfolio segments. We believe our internal historical loss severity rates provide a more reliable estimate than third-party loss severity data due to the organizational structure and operating environment of rural utility cooperatives, our lending practice of generally requiring a senior security position on the assets and revenues of borrowers for long-term loans, the investment our member borrowers have in CFC and therefore the collaborative approach we generally take in working with members in the event that a default occurs. </span></div><div style="text-indent:4.5pt"><span><br/></span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the quantitative methodology used in our collective measurement of expected credit losses, management performs a qualitative evaluation and analyses of relevant factors, such as changes in risk-management practices, current and past underwriting standards, specific industry issues and trends and other subjective factors. Based on our assessment, we </span></div><div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">did not make a qualitative adjustment to the collective allowance for credit losses measured under our quantitative methodology as of February 28, 2021 or at adoption of CECL on June 1, 2020.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Asset-Specific Allowance</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We generally consider nonperforming loans as well as loans that have been or are anticipated to be modified under a troubled debt restructuring for individual evaluation given the risk characteristics of such loans. Factors we consider in measuring the extent of expected credit loss include the payment status, the collateral value, the borrower’s financial condition, guarantor support, the probability of collecting scheduled principal and interest payments when due, anticipated modifications of payment structure or term for troubled borrowers, and recoveries if they can be reasonably estimated. We measure the expected credit loss as the difference between the amortized cost basis in the loan and the present value of the expected future cash flows from the borrower which is generally discounted at the loan’s effective interest rate, or the fair value of the collateral, if the loan is collateral dependent.</span></div>
nru Interest And Fee Income Troubled Debt Restructuring Loans
InterestAndFeeIncomeTroubledDebtRestructuringLoans
628000 USD
CY2021Q1 nru Interest And Fee Income Other Loans Net
InterestAndFeeIncomeOtherLoansNet
348000 USD
CY2021Q1 nru Interest And Fee Income Long Term Fixed Rate Loans
InterestAndFeeIncomeLongTermFixedRateLoans
262379000 USD
CY2020Q1 nru Interest And Fee Income Long Term Fixed Rate Loans
InterestAndFeeIncomeLongTermFixedRateLoans
261036000 USD
nru Interest And Fee Income Long Term Fixed Rate Loans
InterestAndFeeIncomeLongTermFixedRateLoans
787763000 USD
nru Interest And Fee Income Long Term Fixed Rate Loans
InterestAndFeeIncomeLongTermFixedRateLoans
780228000 USD
CY2021Q1 nru Interest And Fee Income Long Term Variable Rate Loans
InterestAndFeeIncomeLongTermVariableRateLoans
3435000 USD
CY2020Q1 nru Interest And Fee Income Long Term Variable Rate Loans
InterestAndFeeIncomeLongTermVariableRateLoans
7552000 USD
nru Interest And Fee Income Long Term Variable Rate Loans
InterestAndFeeIncomeLongTermVariableRateLoans
11431000 USD
nru Interest And Fee Income Long Term Variable Rate Loans
InterestAndFeeIncomeLongTermVariableRateLoans
25439000 USD
CY2021Q1 nru Interest And Fee Income Line Of Credit Loans
InterestAndFeeIncomeLineOfCreditLoans
8605000 USD
CY2020Q1 nru Interest And Fee Income Line Of Credit Loans
InterestAndFeeIncomeLineOfCreditLoans
13378000 USD
nru Interest And Fee Income Line Of Credit Loans
InterestAndFeeIncomeLineOfCreditLoans
23841000 USD
nru Interest And Fee Income Line Of Credit Loans
InterestAndFeeIncomeLineOfCreditLoans
42089000 USD
CY2021Q1 nru Interest And Fee Income Troubled Debt Restructuring Loans
InterestAndFeeIncomeTroubledDebtRestructuringLoans
194000 USD
CY2020Q1 nru Interest And Fee Income Troubled Debt Restructuring Loans
InterestAndFeeIncomeTroubledDebtRestructuringLoans
210000 USD
nru Interest And Fee Income Troubled Debt Restructuring Loans
InterestAndFeeIncomeTroubledDebtRestructuringLoans
597000 USD
CY2020Q1 nru Interest And Fee Income Other Loans Net
InterestAndFeeIncomeOtherLoansNet
419000 USD
nru Interest And Fee Income Other Loans Net
InterestAndFeeIncomeOtherLoansNet
1027000 USD
nru Interest And Fee Income Other Loans Net
InterestAndFeeIncomeOtherLoansNet
990000 USD
CY2021Q1 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
274265000 USD
CY2020Q1 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
281757000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
822605000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
847394000 USD
CY2021Q1 us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
3907000 USD
CY2020Q1 us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
5438000 USD
us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
11650000 USD
us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
16853000 USD
CY2021Q1 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
278172000 USD
CY2020Q1 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
287195000 USD
us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
834255000 USD
us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
864247000 USD
CY2021Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
3473000 USD
CY2020Q1 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
21185000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
11217000 USD
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
66119000 USD
CY2021Q1 us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
27751000 USD
CY2020Q1 us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
30860000 USD
us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
86765000 USD
us-gaap Interest Expense Medium Term Notes
InterestExpenseMediumTermNotes
94376000 USD
CY2021Q1 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
61903000 USD
CY2020Q1 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
62914000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
186119000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
192818000 USD
CY2021Q1 nru Interest Expense Guaranteed Underwriter Program Notes Payable
InterestExpenseGuaranteedUnderwriterProgramNotesPayable
41426000 USD
CY2020Q1 nru Interest Expense Guaranteed Underwriter Program Notes Payable
InterestExpenseGuaranteedUnderwriterProgramNotesPayable
39708000 USD
nru Interest Expense Guaranteed Underwriter Program Notes Payable
InterestExpenseGuaranteedUnderwriterProgramNotesPayable
125007000 USD
nru Interest Expense Guaranteed Underwriter Program Notes Payable
InterestExpenseGuaranteedUnderwriterProgramNotesPayable
119927000 USD
CY2021Q1 nru Interest Expense Farmer Mac Notes Payable
InterestExpenseFarmerMacNotesPayable
12079000 USD
CY2020Q1 nru Interest Expense Farmer Mac Notes Payable
InterestExpenseFarmerMacNotesPayable
21220000 USD
nru Interest Expense Farmer Mac Notes Payable
InterestExpenseFarmerMacNotesPayable
38618000 USD
nru Interest Expense Farmer Mac Notes Payable
InterestExpenseFarmerMacNotesPayable
68948000 USD
CY2021Q1 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
51000 USD
CY2020Q1 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
97000 USD
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
193000 USD
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
581000 USD
CY2021Q1 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
12886000 USD
CY2020Q1 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
12881000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
38669000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
38647000 USD
CY2021Q1 nru Interest Expense Subordinated Certificates
InterestExpenseSubordinatedCertificates
13471000 USD
CY2020Q1 nru Interest Expense Subordinated Certificates
InterestExpenseSubordinatedCertificates
14175000 USD
nru Interest Expense Subordinated Certificates
InterestExpenseSubordinatedCertificates
40850000 USD
nru Interest Expense Subordinated Certificates
InterestExpenseSubordinatedCertificates
42766000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
173040000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
203040000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
2000000 USD
us-gaap Interest Expense
InterestExpense
527438000 USD
us-gaap Interest Expense
InterestExpense
624182000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
105132000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
84155000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
306817000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
240065000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
53000000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
59000000 USD
CY2021Q1 nru Deferred Loan Conversion Fees
DeferredLoanConversionFees
47000000 USD
CY2020Q2 nru Deferred Loan Conversion Fees
DeferredLoanConversionFees
53000000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
32434000 USD
CY2020Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
60735000 USD
CY2021Q1 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
1000000 USD
us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
6000000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
0 USD
us-gaap Debt Securities Trading Realized Loss
DebtSecuritiesTradingRealizedLoss
1000000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
1000000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
2000000 USD
CY2021Q1 us-gaap Trading Securities Debt
TradingSecuritiesDebt
574820000 USD
CY2020Q2 us-gaap Trading Securities Debt
TradingSecuritiesDebt
309400000 USD
CY2021Q1 us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
3000000 USD
us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
2000000 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
28315671000 USD
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
26690854000 USD
CY2021Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
11810000 USD
CY2020Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
11526000 USD
CY2021Q1 nru Financing Receivable Before Allowance For Credit Loss Loans To Members
FinancingReceivableBeforeAllowanceForCreditLossLoansToMembers
28327481000 USD
CY2020Q2 nru Financing Receivable Before Allowance For Credit Loss Loans To Members
FinancingReceivableBeforeAllowanceForCreditLossLoansToMembers
26702380000 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
28315671000 USD
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
26690854000 USD
CY2021Q1 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
11810000 USD
CY2020Q2 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
11526000 USD
CY2021Q1 nru Financing Receivable Before Allowance For Credit Loss Loans To Members
FinancingReceivableBeforeAllowanceForCreditLossLoansToMembers
28327481000 USD
CY2020Q2 nru Financing Receivable Before Allowance For Credit Loss Loans To Members
FinancingReceivableBeforeAllowanceForCreditLossLoansToMembers
26702380000 USD
CY2021Q1 nru Unadvanced Lineof Credit Commitmentsas Percentageof Unadvanced Loan Commitments
UnadvancedLineofCreditCommitmentsasPercentageofUnadvancedLoanCommitments
0.61
CY2021Q1 nru Unadvanced Longterm Loans Commitments Percentageof Unadvanced Loan Commitments
UnadvancedLongtermLoansCommitmentsPercentageofUnadvancedLoanCommitments
0.39
CY2021Q1 nru Financing Receivable Loan Commitment Term
FinancingReceivableLoanCommitmentTerm
P5Y
nru Loans Receivable Cost Of Loans Sold
LoansReceivableCostOfLoansSold
126000000 USD
nru Loans Receivable Cost Of Loans Sold
LoansReceivableCostOfLoansSold
87000000 USD
CY2021Q1 nru Numberof Active Borrowers
NumberofActiveBorrowers
891 member
CY2020Q2 nru Numberof Active Borrowers
NumberofActiveBorrowers
889 member
nru Numberof Stateswith Active Borrowers
NumberofStateswithActiveBorrowers
49 state
CY2020 nru Numberof Stateswith Active Borrowers
NumberofStateswithActiveBorrowers
49 state
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
0 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
28315671000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
239692000 USD
CY2021Q1 us-gaap Financing Receivable Percent Past Due1
FinancingReceivablePercentPastDue1
0
CY2021Q1 nru Financing Receivable Commercial Netof Deferred Income Percentage
FinancingReceivableCommercialNetofDeferredIncomePercentage
1.0000
CY2021Q1 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.0085
CY2020Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
0 USD
CY2020Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
0 USD
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
26690854000 USD
CY2020Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
167708000 USD
CY2020Q2 us-gaap Financing Receivable Percent Past Due1
FinancingReceivablePercentPastDue1
0
CY2020Q2 nru Financing Receivable Commercial Netof Deferred Income Percentage
FinancingReceivableCommercialNetofDeferredIncomePercentage
1.0000
CY2020Q2 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.0063
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
0 USD
nru Increase Decrease In Financing Receivable Nonaccural
IncreaseDecreaseInFinancingReceivableNonaccural
72000000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
240000000 USD
CY2020Q2 nru Numberof Borrowers With Tdr Loans
NumberofBorrowersWithTDRLoans
1 borrower
CY2021Q1 nru Numberof Borrowers With Tdr Loans
NumberofBorrowersWithTDRLoans
1 borrower
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
CY2020Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0 USD
nru Debt Instrument Funds On Deposit Or Invested Subject To Exposure In Event Of Bankruptcy
DebtInstrumentFundsOnDepositOrInvestedSubjectToExposureInEventOfBankruptcy
117000000 USD
nru Debt Instrument Pro Rata Share Set Off Right In Event Of Bankruptcy
DebtInstrumentProRataShareSetOffRightInEventOfBankruptcy
0.17
nru Term Of Loans
TermOfLoans
P35Y
nru Debt Instrument Pro Rata Share Set Off Right Amount In Event Of Bankruptcy
DebtInstrumentProRataShareSetOffRightAmountInEventOfBankruptcy
20000000 USD
CY2021Q1 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
0 USD
CY2020Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
0 USD
CY2021Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
16088000000 USD
CY2021Q1 nru Financing Receivable Percent Originated More Than Five Years Before Current Fiscal Year
FinancingReceivablePercentOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
0.57
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
28316000000 USD
CY2021Q1 nru Financing Receivable Before Allowance For Credit Loss Percentage
FinancingReceivableBeforeAllowanceForCreditLossPercentage
0.92
nru Long Term Financing Receivable Before Allowance For Credit Loss Average Remaining Maturity
LongTermFinancingReceivableBeforeAllowanceForCreditLossAverageRemainingMaturity
P18Y
CY2021Q1 nru Numberof Active Borrowers
NumberofActiveBorrowers
891 member
CY2021Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
2027540000 USD
CY2021Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
2490092000 USD
CY2021Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
1716525000 USD
CY2021Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
1858862000 USD
CY2021Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
1888251000 USD
CY2021Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
16087683000 USD
CY2021Q1 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
2246718000 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
28315671000 USD
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
26690854000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
33023000 USD
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
2382000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
53125000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
34987000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92012000 USD
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17535000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1367000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
18902000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
50085000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
41927000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92012000 USD
CY2021Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
28065883000 USD
CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
249788000 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
28315671000 USD
CY2021Q1 nru Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment Ratio
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairmentRatio
0.0018
CY2021Q1 nru Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment Ratio
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairmentRatio
0.1679
CY2021Q1 nru Allowance Coverage Ratio
AllowanceCoverageRatio
0.0032
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
18292000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
34833000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
53125000 USD
CY2020Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
26512298000 USD
CY2020Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
178556000 USD
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
26690854000 USD
CY2020Q2 nru Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment Ratio
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairmentRatio
0.0007
CY2020Q2 nru Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment Ratio
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairmentRatio
0.1951
CY2020Q2 nru Allowance Coverage Ratio
AllowanceCoverageRatio
0.0020
CY2020Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
178555000 USD
CY2020Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
34833000 USD
CY2020Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
172800000 USD
CY2020Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5755000 USD
CY2020Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11055000 USD
CY2020Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
210000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11341000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
628000 USD
CY2021Q1 nru Credit Reservefor Unadvanced Loan Commitments
CreditReserveforUnadvancedLoanCommitments
1000000 USD
CY2020Q2 nru Credit Reservefor Unadvanced Loan Commitments
CreditReserveforUnadvancedLoanCommitments
1000000 USD
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
4408000000 USD
CY2021Q1 nru Short Term Debtas Percentageof Debt Outstanding
ShortTermDebtasPercentageofDebtOutstanding
0.16
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
3962000000 USD
CY2020Q2 nru Short Term Debtas Percentageof Debt Outstanding
ShortTermDebtasPercentageofDebtOutstanding
0.15
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
4407957000 USD
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
3961985000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
20556000000 USD
CY2021Q1 nru Long Term Debt Percentage
LongTermDebtPercentage
0.76
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
19712000000 USD
CY2020Q2 nru Long Term Debt Percentage
LongTermDebtPercentage
0.76
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
20555544000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
19712024000 USD
CY2021Q1 nru Number Of Notes Payable
NumberOfNotesPayable
2 notePayable
CY2021Q1 us-gaap Subordinated Debt
SubordinatedDebt
986265000 USD
CY2020Q2 us-gaap Subordinated Debt
SubordinatedDebt
986119000 USD
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
9057319000 USD
CY2020Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
9306808000 USD
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
128439000 USD
CY2021Q1 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
2806205000 USD
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
173195000 USD
CY2020Q2 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
2699000000 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
655749000 USD
CY2021Q1 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
6251114000 USD
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1258459000 USD
CY2020Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
6607808000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
128439000 USD
CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
128439000 USD
CY2021Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
128439000 USD
CY2021Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
655749000 USD
CY2021Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
655749000 USD
CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
128439000 USD
CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
527310000 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
173195000 USD
CY2020Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
173195000 USD
CY2020Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
173195000 USD
CY2020Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
0 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1258459000 USD
CY2020Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
1258459000 USD
CY2020Q2 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
173195000 USD
CY2020Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2020Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
1085264000 USD
CY2021Q1 nru Number Of Counterparties Subject To Ratings Trigger And Early Termination Provision
NumberOfCounterpartiesSubjectToRatingsTriggerAndEarlyTerminationProvision
1 member
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
620000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1269000000 USD
us-gaap Profit Loss
ProfitLoss
684000000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-87000 USD
CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-37000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-251000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-102000 USD
nru Expected Reclassification From Accumulated Other Comprehensive Income Over Next Twelve Months Net Of Tax
ExpectedReclassificationFromAccumulatedOtherComprehensiveIncomeOverNextTwelveMonthsNetOfTax
1000000 USD
CY2021Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
676385000 USD
CY2020Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
820786000 USD
CY2021Q1 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
676385000 USD
CY2020Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
820786000 USD
CY2021Q1 nru Guarantee Obligations Unsecured
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