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v3.23.3

Fair Value Disclosures - Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands |  | 3 Months Ended | 9 Months Ended
--- | --- | --- | ---
Jul. 01, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] |  | Net Income | Net Income | Net Income | Net Income
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] |  | Comprehensive Income (Loss), Net of Tax, Attributable to Parent | Comprehensive Income (Loss), Net of Tax, Attributable to Parent | Comprehensive Income (Loss), Net of Tax, Attributable to Parent | Comprehensive Income (Loss), Net of Tax, Attributable to Parent
Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | $ 7,770,126 | $ 7,770,126 | $ 6,477,184 | $ 7,632,487 | $ 6,358,451
Purchases |  | 100,000 | 1,370,000 | 1,639,650 | 2,722,750
Settlements |  | (7,172) | (628,211) | (1,407,702) | (1,440,110)
Allowance for Losses |  | 134 | 0 | 179 | (331)
Realized and unrealized (losses)/gains included in Income |  | (106,203) | (205,206) | (114,431) | (565,190)
Unrealized gains/(losses) included in Other Comprehensive Income |  | 12,206 | (13,979) | 18,908 | (75,782)
Transfers Out |  | (2,684,096) |  | (2,684,096) |
Ending Balance |  | 5,084,995 | 6,999,788 | 5,084,995 | 6,999,788
Floating rate auction-rate certificates backed by Government guaranteed student loans | Floating Interest Rate | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 19,032 | 19,032 | 19,061 | 19,027 | 19,254
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | 0 | 0 | 0 | 0
Allowance for Losses |  | 1 | 11 | 6 | 14
Realized and unrealized (losses)/gains included in Income |  | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 171 | 0 | (25)
Transfers Out |  | 0 |  | 0 |
Ending Balance |  | 19,033 | 19,243 | 19,033 | 19,243
Available-for-sale securities | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 19,032 | 19,032 | 19,061 | 19,027 | 19,254
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | 0 | 0 | 0 | 0
Allowance for Losses |  | 1 | 11 | 6 | 14
Realized and unrealized (losses)/gains included in Income |  | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 171 | 0 | (25)
Transfers Out |  | 0 |  | 0 |
Ending Balance |  | 19,033 | 19,243 | 19,033 | 19,243
Farmer Mac Guaranteed Securities | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 7,745,415 | 7,745,415 | 6,450,212 | 7,607,226 | 6,328,559
Purchases |  | 100,000 | 1,370,000 | 1,639,650 | 2,722,750
Settlements |  | (7,044) | (627,599) | (1,406,717) | (1,436,963)
Allowance for Losses |  | 133 | (11) | 173 | (345)
Realized and unrealized (losses)/gains included in Income |  | (107,917) | (204,450) | (116,447) | (564,242)
Unrealized gains/(losses) included in Other Comprehensive Income |  | 12,206 | (14,150) | 18,908 | (75,757)
Transfers Out |  | (2,684,096) |  | (2,684,096) |
Ending Balance |  | 5,058,697 | 6,974,002 | 5,058,697 | 6,974,002
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage Securities |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 7,737,810 | 7,737,810 | 6,440,396 | 7,599,379 | 6,316,145
Purchases |  | 100,000 | 1,370,000 | 1,639,650 | 2,722,750
Settlements |  | (6,875) | (627,131) | (1,405,674) | (1,435,758)
Allowance for Losses |  | 133 | (11) | 173 | (345)
Realized and unrealized (losses)/gains included in Income |  | (107,917) | (204,450) | (116,447) | (564,242)
Unrealized gains/(losses) included in Other Comprehensive Income |  | 9,653 | (13,043) | 15,723 | (72,789)
Transfers Out | (2,700,000) | (2,684,096) |  | (2,684,096) |
Ending Balance |  | 5,048,708 | 6,965,761 | 5,048,708 | 6,965,761
Farmer Mac Guaranteed Securities | Level 3 | Recurring | Farmer Mac Guaranteed USDA Securities |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 7,605 | 7,605 | 9,816 | 7,847 | 12,414
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (169) | (468) | (1,043) | (1,205)
Allowance for Losses |  | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income |  | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income |  | 2,553 | (1,107) | 3,185 | (2,968)
Transfers Out |  | 0 |  | 0 |
Ending Balance |  | 9,989 | 8,241 | 9,989 | 8,241
USDA Securities: | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 1,348 | 1,348 | 2,275 | 1,767 | 4,401
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (44) | (383) | (479) | (2,475)
Allowance for Losses |  | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income |  | (2) | (41) | 14 | (75)
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 0 | 0
Transfers Out |  | 0 |  | 0 |
Ending Balance |  | 1,302 | 1,851 | 1,302 | 1,851
Guarantee and commitment obligations: | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 4,331 | 4,331 | 5,636 | 4,467 | 6,237
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (84) | (229) | (506) | (672)
Allowance for Losses |  | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income |  | 1,716 | (715) | 2,002 | (873)
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 0 | 0
Transfers Out |  | 0 |  | 0 |
Ending Balance |  | 5,963 | 4,692 | 5,963 | 4,692
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | $ 4,331 | 4,331 | 5,636 | 4,467 | 6,237
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (84) | (229) | (506) | (672)
Allowance for Losses |  | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income |  | 1,716 | (715) | 2,002 | (873)
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 0 | 0
Transfers Out |  | 0 |  | 0 |
Ending Balance |  | $ 5,963 | $ 4,692 | $ 5,963 | $ 4,692

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- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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