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FAIR VALUE DISCLOSURES - Schedule of Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
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
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
Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | $ 5,558,633 | $ 7,632,487
Purchases | 50,000 | 687,650
Settlements | (64,391) | (142,437)
Allowance for Losses | 28 | 36
Realized and unrealized losses included in Income | (80,708) | 93,701
Unrealized gains/(losses) included in Other Comprehensive Income | 29,206 | (20,977)
Ending Balance | 5,492,768 | 8,250,460
Available-for-sale securities | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 19,082 | 19,027
Purchases | 0 | 0
Settlements | 0 | 0
Allowance for Losses | 1 | 4
Realized and unrealized losses included in Income | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 198 | 0
Ending Balance | 19,281 | 19,031
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 | 19,082 | 19,027
Purchases | 0 | 0
Settlements | 0 | 0
Allowance for Losses | 1 | 4
Realized and unrealized losses included in Income | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 198 | 0
Ending Balance | 19,281 | 19,031
Farmer Mac Guaranteed Securities | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,532,479 | 7,607,226
Purchases | 50,000 | 687,650
Settlements | (64,132) | (141,819)
Allowance for Losses | 27 | 32
Realized and unrealized losses included in Income | (80,694) | 93,342
Unrealized gains/(losses) included in Other Comprehensive Income | 29,008 | (20,977)
Ending Balance | 5,466,688 | 8,225,454
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage Securities |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,522,712 | 7,599,379
Purchases | 50,000 | 687,650
Settlements | (63,955) | (141,386)
Allowance for Losses | 27 | 32
Realized and unrealized losses included in Income | (80,694) | 93,342
Unrealized gains/(losses) included in Other Comprehensive Income | 29,107 | (21,597)
Ending Balance | 5,457,197 | 8,217,420
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 | 9,767 | 7,847
Purchases | 0 | 0
Settlements | (177) | (433)
Allowance for Losses | 0 | 0
Realized and unrealized losses included in Income | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | (99) | 620
Ending Balance | 9,491 | 8,034
USDA Securities: | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 1,241 | 1,767
Purchases | 0 | 0
Settlements | (174) | (387)
Allowance for Losses | 0 | 0
Realized and unrealized losses included in Income | (1) | 25
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0
Ending Balance | 1,066 | 1,405
Guarantee and commitment obligations: | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,831 | 4,467
Purchases | 0 | 0
Settlements | (85) | (231)
Allowance for Losses | 0 | 0
Realized and unrealized losses included in Income | (13) | 334
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0
Ending Balance | 5,733 | 4,570
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,831 | 4,467
Purchases | 0 | 0
Settlements | (85) | (231)
Allowance for Losses | 0 | 0
Realized and unrealized losses included in Income | (13) | 334
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0
Ending Balance | $ 5,733 | $ 4,570

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