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FAIR VALUE DISCLOSURES - Summary of Carrying Value and Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Financial assets: |  |
Financial derivatives | $ 31,433 | $ 37,478
Guarantee and commitment fees receivable | 48,130 | 49,832
Financial liabilities: |  |
Financial derivatives | 128,530 | 117,131
Guarantee and commitment obligation | 45,866 | 47,563
Fair Value |  |
Financial assets: |  |
Cash and cash equivalents | 745,105 | 888,707
Loans | 10,632,530 | 10,426,021
Financial derivatives | 31,433 | 37,478
Guarantee and commitment fees receivable | 55,856 | 58,465
Financial liabilities: |  |
Notes payable | 25,825,161 | 25,670,971
Debt securities of consolidated trusts held by third parties | 1,244,879 | 1,268,563
Financial derivatives | 128,530 | 117,131
Guarantee and commitment obligation | 53,591 | 56,195
Fair Value | Investment Securities |  |
Financial assets: |  |
Marketable securities | 5,069,547 | 4,981,249
Fair Value | Farmer Mac Guaranteed Securities |  |
Financial assets: |  |
Marketable securities | 9,889,495 | 9,710,074
Fair Value | USDA Securities |  |
Financial assets: |  |
Marketable securities | 2,016,076 | 2,036,046
Carrying Amount |  |
Financial assets: |  |
Cash and cash equivalents | 745,105 | 888,707
Loans | 11,233,071 | 11,039,349
Financial derivatives | 31,433 | 37,478
Guarantee and commitment fees receivable | 48,130 | 49,832
Financial liabilities: |  |
Notes payable | 26,509,011 | 26,336,542
Debt securities of consolidated trusts held by third parties | 1,325,289 | 1,351,069
Financial derivatives | 128,530 | 117,131
Guarantee and commitment obligation | 45,866 | 47,563
Carrying Amount | Investment Securities |  |
Financial assets: |  |
Marketable securities | 5,068,443 | 4,979,504
Carrying Amount | Farmer Mac Guaranteed Securities |  |
Financial assets: |  |
Marketable securities | 9,921,620 | 9,745,548
Carrying Amount | USDA Securities |  |
Financial assets: |  |
Marketable securities | $ 2,334,093 | $ 2,355,412

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