XML 64 R53.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

LOANS - Changes in the Allowance for Losses (Details) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance |  |  | $ 16,031,000 |
Provision for/(release of) losses | $ 6,179,000 | $ 1,073,000 | 4,378,000 | $ 1,620,000
Ending balance | 16,500,000 |  | 16,500,000 |
Agricultural Finance |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 7,104,000 | 10,972,000 | 6,884,000 | 6,775,000
Provision for/(release of) losses | 5,629,000 | 330,000 | 5,849,000 | 4,527,000
Charge-offs | (4,043,000) | 0 | (4,043,000) | 0
Ending balance | 8,690,000 | 11,302,000 | 8,690,000 | 11,302,000
Farm & Ranch |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 4,535,000 | 3,933,000 | 3,936,000 | 4,044,000
Provision for/(release of) losses | 242,000 | 2,000 | 841,000 | (109,000)
Charge-offs | (101,000) | 0 | (101,000) | 0
Ending balance | 4,676,000 | 3,935,000 | 4,676,000 | 3,935,000
Farm & Ranch | Commercial Real Estate |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Provision for/(release of) losses |  |  | 1,200,000 | 1,100,000
Corporate AgFinance |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 2,569,000 | 7,039,000 | 2,948,000 | 2,731,000
Provision for/(release of) losses | 5,387,000 | 328,000 | 5,008,000 | 4,636,000
Charge-offs | (3,942,000) | 0 | (3,942,000) | 0
Ending balance | 4,014,000 | 7,367,000 | 4,014,000 | 7,367,000
Corporate AgFinance | Commercial Real Estate |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Provision for/(release of) losses |  |  | 0 | 4,600,000
Rural Infrastructure Finance |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 7,184,000 | 4,701,000 | 9,147,000 | 8,314,000
Provision for/(release of) losses | 626,000 | 745,000 | (1,337,000) | (2,868,000)
Charge-offs | 0 | 0 | 0 | 0
Ending balance | $ 7,810,000 | $ 5,446,000 | 7,810,000 | 5,446,000
Rural Infrastructure Finance | Collateral Pledged |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Provision for/(release of) losses |  |  | $ 0 | $ 0

X
- Definition Amount excluding accrued interest, of allowance for credit loss on 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 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of decrease in allowance for credit loss on financing receivable from writeoff. 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 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of credit loss expense (reversal of expense) on financing receivable. 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 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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_CollateralAxis=us-gaap_CommercialRealEstateMember
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_CollateralAxis=us-gaap_CollateralPledgedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |