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FAIR VALUE DISCLOSURES - Schedule of Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 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 | 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 | $ 5,492,768 | $ 8,250,460 | $ 5,558,633 | $ 7,632,487
Purchases | 225,000 | 852,000 | 275,000 | 1,539,650
Settlements | (281,132) | (1,258,093) | (345,522) | (1,400,530)
Allowance for Losses | 30 | 9 | 58 | 45
Realized and unrealized (losses)/gains included in Income | (6,546) | (101,929) | (87,256) | (8,228)
Unrealized gains/(losses) included in Other Comprehensive Income | (4,906) | 27,679 | 24,301 | 6,702
Ending Balance | 5,425,214 | 7,770,126 | 5,425,214 | 7,770,126
Available-for-sale securities | Level 3 | Recurring |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 19,281 | 19,031 | 19,082 | 19,027
Purchases | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Allowance for Losses | 1 | 1 | 2 | 5
Realized and unrealized (losses)/gains included in Income | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 196 | 0 | 394 | 0
Ending Balance | 19,478 | 19,032 | 19,478 | 19,032
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 | 19,281 | 19,031 | 19,082 | 19,027
Purchases | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Allowance for Losses | 1 | 1 | 2 | 5
Realized and unrealized (losses)/gains included in Income | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 196 | 0 | 394 | 0
Ending Balance | 19,478 | 19,032 | 19,478 | 19,032
Farmer Mac Guaranteed Securities | Level 3 | Recurring |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,466,688 | 8,225,454 | 5,532,479 | 7,607,226
Purchases | 225,000 | 852,000 | 275,000 | 1,539,650
Settlements | (281,004) | (1,257,854) | (345,136) | (1,399,673)
Allowance for Losses | 29 | 8 | 56 | 40
Realized and unrealized (losses)/gains included in Income | (6,460) | (101,872) | (87,155) | (8,530)
Unrealized gains/(losses) included in Other Comprehensive Income | (5,102) | 27,679 | 23,907 | 6,702
Ending Balance | 5,399,151 | 7,745,415 | 5,399,151 | 7,745,415
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,457,197 | 8,217,420 | 5,522,712 | 7,599,379
Purchases | 225,000 | 852,000 | 275,000 | 1,539,650
Settlements | (280,833) | (1,257,413) | (344,788) | (1,398,799)
Allowance for Losses | 29 | 8 | 56 | 40
Realized and unrealized (losses)/gains included in Income | (6,460) | (101,872) | (87,155) | (8,530)
Unrealized gains/(losses) included in Other Comprehensive Income | (5,092) | 27,667 | 24,016 | 6,070
Ending Balance | 5,389,841 | 7,737,810 | 5,389,841 | 7,737,810
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 | 9,491 | 8,034 | 9,767 | 7,847
Purchases | 0 | 0 | 0 | 0
Settlements | (171) | (441) | (348) | (874)
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 | (10) | 12 | (109) | 632
Ending Balance | 9,310 | 7,605 | 9,310 | 7,605
USDA Securities: | Level 3 | Recurring |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 1,066 | 1,405 | 1,241 | 1,767
Purchases | 0 | 0 | 0 | 0
Settlements | (43) | (48) | (216) | (435)
Allowance for Losses | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income | 3 | (9) | 1 | 16
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | 1,026 | 1,348 | 1,026 | 1,348
Guarantee and commitment obligations: | Level 3 | Recurring |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,733 | 4,570 | 5,831 | 4,467
Purchases | 0 | 0 | 0 | 0
Settlements | (85) | (191) | (170) | (422)
Allowance for Losses | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income | (89) | (48) | (102) | 286
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | 5,559 | 4,331 | 5,559 | 4,331
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,733 | 4,570 | 5,831 | 4,467
Purchases | 0 | 0 | 0 | 0
Settlements | (85) | (191) | (170) | (422)
Allowance for Losses | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income | (89) | (48) | (102) | 286
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | $ 5,559 | $ 4,331 | $ 5,559 | $ 4,331

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