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v3.21.2

Fair Value Disclosures - Fair Value Measurements, Recurring and Nonrecurring (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Assets: |  |
Financial derivatives | $ 13,470 | $ 16,123
Loans held for sale, at lower of cost or fair value | 301,551 | 0
Liabilities: |  |
Financial derivatives | 149,556 | 182,371
Investment securities: |  |
Assets: |  |
Fair Value | 3,696,204 | $ 3,853,692
Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | $ 6,138,759 |
Level 3 |  |
Liabilities: |  |
Percent of level three fair value assets and liabilities | 26.00% | 29.00%
Financial instruments level three percent | 64.00% | 65.00%
Recurring |  |
Assets: |  |
Financial derivatives | $ 15,668 | $ 17,468
Total Assets at fair value | 9,855,424 | 10,825,556
Liabilities: |  |
Financial derivatives | 25,633 | 29,892
Total Liabilities at fair value | 25,633 | 29,892
Recurring | USDA Securities: |  |
Assets: |  |
Trading | 4,793 | 6,695
Recurring | Investment securities: |  |
Assets: |  |
Fair Value | 3,696,204 | 3,853,692
Recurring | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,138,759 | 6,947,701
Recurring | Level 1 |  |
Assets: |  |
Financial derivatives | 0 | 0
Total Assets at fair value | 1,244,733 | 1,467,951
Liabilities: |  |
Financial derivatives | 0 | 82
Total Liabilities at fair value | 0 | 82
Recurring | Level 1 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
Recurring | Level 1 | Investment securities: |  |
Assets: |  |
Fair Value | 1,244,733 | 1,467,951
Recurring | Level 1 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
Recurring | Level 2 |  |
Assets: |  |
Financial derivatives | 15,668 | 17,468
Total Assets at fair value | 2,447,639 | 2,384,038
Liabilities: |  |
Financial derivatives | 25,633 | 29,810
Total Liabilities at fair value | 25,633 | 29,810
Recurring | Level 2 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
Recurring | Level 2 | Investment securities: |  |
Assets: |  |
Fair Value | 2,431,971 | 2,366,570
Recurring | Level 2 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
Recurring | Level 3 |  |
Assets: |  |
Financial derivatives | 0 | 0
Total Assets at fair value | 6,163,052 | 6,973,567
Liabilities: |  |
Financial derivatives | 0 | 0
Total Liabilities at fair value | 0 | 0
Recurring | Level 3 | USDA Securities: |  |
Assets: |  |
Trading | 4,793 | 6,695
Recurring | Level 3 | Investment securities: |  |
Assets: |  |
Fair Value | 19,500 | 19,171
Recurring | Level 3 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,138,759 | 6,947,701
Fair Value, Nonrecurring |  |
Assets: |  |
Loans held for sale, at lower of cost or fair value | 324,246 |
Total Assets at fair value | 324,246 |
Fair Value, Nonrecurring | Level 1 |  |
Assets: |  |
Loans held for sale, at lower of cost or fair value | 0 |
Total Assets at fair value | 0 |
Fair Value, Nonrecurring | Level 2 |  |
Assets: |  |
Loans held for sale, at lower of cost or fair value | 0 |
Total Assets at fair value | 0 |
Fair Value, Nonrecurring | Level 3 |  |
Assets: |  |
Loans held for sale, at lower of cost or fair value | 324,246 |
Total Assets at fair value | 324,246 |
AgVantage Securities | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value |  | 6,947,701
AgVantage Securities | Recurring | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,138,759 | 6,947,701
AgVantage Securities | Recurring | Level 1 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
AgVantage Securities | Recurring | Level 2 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 0 | 0
AgVantage Securities | Recurring | Level 3 | Farmer Mac Guaranteed Securities |  |
Assets: |  |
Fair Value | 6,138,759 | 6,947,701
USDA Guarantees | Recurring | USDA Securities: |  |
Assets: |  |
Trading | 4,793 | 6,695
USDA Guarantees | Recurring | Level 1 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
USDA Guarantees | Recurring | Level 2 | USDA Securities: |  |
Assets: |  |
Trading | 0 | 0
USDA Guarantees | Recurring | Level 3 | USDA Securities: |  |
Assets: |  |
Trading | 4,793 | 6,695
Floating Interest Rate | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 19,500 | 19,171
Floating Interest Rate | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 6,231
Floating Interest Rate | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 2,403,074 | 2,360,026
Floating Interest Rate | Recurring | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 19,500 | 19,171
Floating Interest Rate | Recurring | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 6,231
Floating Interest Rate | Recurring | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 2,403,074 | 2,360,026
Floating Interest Rate | Recurring | Level 1 | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 0 | 0
Floating Interest Rate | Recurring | Level 1 | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 0
Floating Interest Rate | Recurring | Level 1 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Floating Interest Rate | Recurring | Level 2 | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 0 | 0
Floating Interest Rate | Recurring | Level 2 | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 6,231
Floating Interest Rate | Recurring | Level 2 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 2,403,074 | 2,360,026
Floating Interest Rate | Recurring | Level 3 | Floating rate auction-rate certificates backed by Government guaranteed student loans |  |
Assets: |  |
Fair Value | 19,500 | 19,171
Floating Interest Rate | Recurring | Level 3 | Floating rate asset-backed securities |  |
Assets: |  |
Fair Value |  | 0
Floating Interest Rate | Recurring | Level 3 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 28,897 | 313
Fixed Interest Rate | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 1,244,733 | 1,467,951
Fixed Interest Rate | Recurring | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 28,897 | 313
Fixed Interest Rate | Recurring | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 1,244,733 | 1,467,951
Fixed Interest Rate | Recurring | Level 1 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Recurring | Level 1 | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 1,244,733 | 1,467,951
Fixed Interest Rate | Recurring | Level 2 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 28,897 | 313
Fixed Interest Rate | Recurring | Level 2 | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Recurring | Level 3 | Guaranteed mortgage-backed securities |  |
Assets: |  |
Fair Value | 0 | 0
Fixed Interest Rate | Recurring | Level 3 | Fixed rate U.S. Treasuries |  |
Assets: |  |
Fair Value | $ 0 | $ 0

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