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FAIR VALUE DISCLOSURES - Schedule of Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands |  | 3 Months Ended | 9 Months Ended
--- | --- | --- | ---
Jul. 01, 2023 | Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 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 | $ 7,770,126 | $ 5,425,214 | $ 7,770,126 | $ 5,558,633 | $ 7,632,487
Purchases |  | 400,000 | 100,000 | 675,000 | 1,639,650
Settlements |  | (216,315) | (7,172) | (561,836) | (1,407,702)
Allowance for Losses |  | 44 | 134 | 102 | 179
Realized and unrealized (losses)/gains included in Income |  | 189,288 | (106,203) | 102,032 | (114,431)
Unrealized gains/(losses) included in Other Comprehensive Income |  | (10,664) | 12,206 | 13,636 | 18,908
Transfers Out |  |  | (2,684,096) |  | (2,684,096)
Ending Balance |  | 5,787,567 | 5,084,995 | 5,787,567 | 5,084,995
Available-for-sale securities | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 19,032 | 19,478 | 19,032 | 19,082 | 19,027
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | 0 | 0 | 0 | 0
Allowance for Losses |  | 0 | 1 | 2 | 6
Realized and unrealized (losses)/gains included in Income |  | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 394 | 0
Transfers Out |  |  | 0 |  | 0
Ending Balance |  | 19,478 | 19,033 | 19,478 | 19,033
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 | 19,032 | 19,478 | 19,032 | 19,082 | 19,027
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | 0 | 0 | 0 | 0
Allowance for Losses |  | 0 | 1 | 2 | 6
Realized and unrealized (losses)/gains included in Income |  | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 394 | 0
Transfers Out |  |  | 0 |  | 0
Ending Balance |  | 19,478 | 19,033 | 19,478 | 19,033
Farmer Mac Guaranteed Securities | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 7,745,415 | 5,399,151 | 7,745,415 | 5,532,479 | 7,607,226
Purchases |  | 400,000 | 100,000 | 675,000 | 1,639,650
Settlements |  | (216,031) | (7,044) | (561,166) | (1,406,717)
Allowance for Losses |  | 44 | 133 | 100 | 173
Realized and unrealized (losses)/gains included in Income |  | 189,191 | (107,917) | 102,036 | (116,447)
Unrealized gains/(losses) included in Other Comprehensive Income |  | (10,664) | 12,206 | 13,242 | 18,908
Transfers Out |  |  | (2,684,096) |  | (2,684,096)
Ending Balance |  | 5,761,691 | 5,058,697 | 5,761,691 | 5,058,697
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage Securities |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 7,737,810 | 5,389,841 | 7,737,810 | 5,522,712 | 7,599,379
Purchases |  | 400,000 | 100,000 | 675,000 | 1,639,650
Settlements |  | (215,855) | (6,875) | (560,643) | (1,405,674)
Allowance for Losses |  | 44 | 133 | 100 | 173
Realized and unrealized (losses)/gains included in Income |  | 189,191 | (107,917) | 102,036 | (116,447)
Unrealized gains/(losses) included in Other Comprehensive Income |  | (10,836) | 9,653 | 13,180 | 15,723
Transfers Out | (2,700,000) |  | (2,684,096) |  | (2,684,096)
Ending Balance |  | 5,752,385 | 5,048,708 | 5,752,385 | 5,048,708
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 | 7,605 | 9,310 | 7,605 | 9,767 | 7,847
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (176) | (169) | (523) | (1,043)
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 |  | 172 | 2,553 | 62 | 3,185
Transfers Out |  |  | 0 |  | 0
Ending Balance |  | 9,306 | 9,989 | 9,306 | 9,989
USDA Securities | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 1,348 | 1,026 | 1,348 | 1,241 | 1,767
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (198) | (44) | (414) | (479)
Allowance for Losses |  | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income |  | 14 | (2) | 15 | 14
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 0 | 0
Transfers Out |  |  | 0 |  | 0
Ending Balance |  | 842 | 1,302 | 842 | 1,302
Guarantee and commitment obligations: | Level 3 | Recurring |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | 4,331 | 5,559 | 4,331 | 5,831 | 4,467
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (86) | (84) | (256) | (506)
Allowance for Losses |  | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income |  | 83 | 1,716 | (19) | 2,002
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 0 | 0
Transfers Out |  |  | 0 |  | 0
Ending Balance |  | 5,556 | 5,963 | 5,556 | 5,963
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset |  |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |  |
Beginning Balance | $ 4,331 | 5,559 | 4,331 | 5,831 | 4,467
Purchases |  | 0 | 0 | 0 | 0
Settlements |  | (86) | (84) | (256) | (506)
Allowance for Losses |  | 0 | 0 | 0 | 0
Realized and unrealized (losses)/gains included in Income |  | 83 | 1,716 | (19) | 2,002
Unrealized gains/(losses) included in Other Comprehensive Income |  | 0 | 0 | 0 | 0
Transfers Out |  |  | 0 |  | 0
Ending Balance |  | $ 5,556 | $ 5,963 | $ 5,556 | $ 5,963

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