XML 65 R54.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

LOANS - Unpaid Principal Balances by Delinquency Status (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2024 | Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | $ 10,041,653 | $ 10,041,653 | $ 9,623,119
Nonaccrual loans | 96,852 | 96,852 | 65,236
Total loans | 12,165,579 | 12,165,579 | 11,360,197
Nonaccrual loans with no associated allowance | 26,200 | 26,200 | 25,700
Interest received on nonaccrual loans | 1,200 | 1,700 | 2,600
Agricultural Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Nonaccrual loans | 96,852 | 96,852 | 65,236
Total loans | 8,186,341 | 8,186,341 | 7,825,434
Farm & Ranch |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 6,900,174 | 6,900,174 | 6,565,711
Nonaccrual loans | 81,817 | 81,817 | 65,236
Total loans | 6,900,174 | 6,900,174 | 6,565,711
Corporate AgFinance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 1,286,167 | 1,286,167 | 1,259,723
Nonaccrual loans | 15,035 | 15,035 | 0
Total loans | 1,286,167 | 1,286,167 | 1,259,723
Rural Infrastructure Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 3,979,238 | 3,979,238 | 3,534,763
Nonaccrual loans | 0 | 0 | 0
Total loans | 3,979,238 | 3,979,238 | 3,534,763
Current |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 12,021,148 | 12,021,148 | 11,264,691
Current | Agricultural Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 8,041,910 | 8,041,910 | 7,729,928
Current | Farm & Ranch |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 6,770,778 | 6,770,778 | 6,470,205
Current | Corporate AgFinance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 1,271,132 | 1,271,132 | 1,259,723
Current | Rural Infrastructure Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 3,979,238 | 3,979,238 | 3,534,763
Total Past Due |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 47,579 | 47,579 | 30,270
Total Past Due | Agricultural Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 47,579 | 47,579 | 30,270
Total Past Due | Farm & Ranch |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 47,579 | 47,579 | 30,270
Total Past Due | Corporate AgFinance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 0 | 0 | 0
Total Past Due | Rural Infrastructure Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 0 | 0 | 0
30-59 Days |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 21,101 | 21,101 | 15,326
30-59 Days | Agricultural Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 21,101 | 21,101 | 15,326
30-59 Days | Farm & Ranch |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 21,101 | 21,101 | 15,326
30-59 Days | Corporate AgFinance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 0 | 0 | 0
30-59 Days | Rural Infrastructure Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 0 | 0 | 0
60-89 Days |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 6,711 | 6,711 | 3,953
60-89 Days | Agricultural Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 6,711 | 6,711 | 3,953
60-89 Days | Farm & Ranch |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 6,711 | 6,711 | 3,953
60-89 Days | Corporate AgFinance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 0 | 0 | 0
60-89 Days | Rural Infrastructure Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 0 | 0 | 0
90 Days and Greater |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 19,767 | 19,767 | 10,991
90 Days and Greater | Agricultural Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 19,767 | 19,767 | 10,991
90 Days and Greater | Farm & Ranch |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 19,767 | 19,767 | 10,991
90 Days and Greater | Corporate AgFinance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | 0 | 0 | 0
90 Days and Greater | Rural Infrastructure Finance |  |  |
Financing Receivable, Recorded Investment, Past Due [Line Items] |  |  |
Loans held for investment, at amortized cost | $ 0 | $ 0 | $ 0

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, of financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3B -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-3B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, before allowance for credit loss, fee, and loan in process, of financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossFeeAndLoanInProcess
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, of financing receivable on nonaccrual status. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestNonaccrual
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost excluding accrued interest, of financing receivable on nonaccrual status with no allowance for credit loss. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestNonaccrualNoAllowance
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of interest income on financing receivable on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_FinancingReceivableNonaccrualInterestIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentPastDueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_AgriculturalFinanceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_AgricultureFinanceFarmAndRanchSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_AgricultureFinanceCorporateAgFinanceSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=agm_RuralInfrastructureFinanceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancialAssetNotPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancialAssetPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables30To59DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivables60To89DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablesPeriodPastDueAxis=us-gaap_FinancingReceivablesEqualToGreaterThan90DaysPastDueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |