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FAIR VALUE DISCLOSURES - Schedule of Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
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
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
Level 3 | Recurring |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning Balance | $ 5,558,633 | $ 7,632,487 | $ 6,358,451
Purchases | 677,400 | 2,084,650 | 3,411,665
Settlements | (667,961) | (1,563,860) | (1,531,464)
Allowance for Losses | 81 | 236 | (264)
Realized and unrealized gains (losses) included in Income | (49,813) | 91,607 | (553,825)
Unrealized gains/(losses) included in Other Comprehensive Income | 21,882 | (2,391) | (52,076)
Transfers Out |  | (2,684,096) |
Ending Balance | 5,540,222 | 5,558,633 | 7,632,487
Available-for-sale securities | Level 3 | Recurring |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning Balance | 19,082 | 19,027 | 19,254
Purchases | 0 | 0 | 0
Settlements | 0 | 0 | 0
Allowance for Losses | 0 | 6 | 19
Realized and unrealized gains (losses) included in Income | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 394 | 49 | (246)
Transfers Out |  | 0 |
Ending Balance | 19,476 | 19,082 | 19,027
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 | 19,082 | 19,027 | 19,254
Purchases | 0 | 0 | 0
Settlements | 0 | 0 | 0
Allowance for Losses | 0 | 6 | 19
Realized and unrealized gains (losses) included in Income | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 394 | 49 | (246)
Transfers Out |  | 0 |
Ending Balance | 19,476 | 19,082 | 19,027
Farmer Mac Guaranteed Securities | Level 3 | Recurring |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning Balance | 5,532,479 | 7,607,226 | 6,328,559
Purchases | 677,400 | 2,084,650 | 3,411,665
Settlements | (667,175) | (1,562,720) | (1,527,978)
Allowance for Losses | 81 | 230 | (283)
Realized and unrealized gains (losses) included in Income | (49,727) | 89,629 | (552,907)
Unrealized gains/(losses) included in Other Comprehensive Income | 21,488 | (2,440) | (51,830)
Transfers Out |  | (2,684,096) |
Ending Balance | 5,514,546 | 5,532,479 | 7,607,226
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning Balance | 5,522,712 | 7,599,379 | 6,316,145
Purchases | 677,400 | 2,084,650 | 3,411,665
Settlements | (666,476) | (1,561,507) | (1,526,303)
Allowance for Losses | 81 | 230 | (283)
Realized and unrealized gains (losses) included in Income | (49,727) | 89,629 | (552,907)
Unrealized gains/(losses) included in Other Comprehensive Income | 21,541 | (5,573) | (48,938)
Transfers Out |  | (2,684,096) |
Ending Balance | 5,505,531 | 5,522,712 | 7,599,379
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 | 9,767 | 7,847 | 12,414
Purchases | 0 | 0 | 0
Settlements | (699) | (1,213) | (1,675)
Allowance for Losses | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | (53) | 3,133 | (2,892)
Transfers Out |  | 0 |
Ending Balance | 9,015 | 9,767 | 7,847
USDA Securities | Level 3 | Recurring |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning Balance | 1,241 | 1,767 | 4,401
Purchases | 0 | 0 | 0
Settlements | (443) | (550) | (2,583)
Allowance for Losses | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | 20 | 24 | (51)
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0
Transfers Out |  | 0 |
Ending Balance | 818 | 1,241 | 1,767
Guarantee and commitment obligations: | Level 3 | Recurring |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning Balance | 5,831 | 4,467 | 6,237
Purchases | 0 | 0 | 0
Settlements | (343) | (590) | (903)
Allowance for Losses | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | (106) | 1,954 | (867)
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0
Transfers Out |  | 0 |
Ending Balance | 5,382 | 5,831 | 4,467
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |
Beginning Balance | 5,831 | 4,467 | 6,237
Purchases | 0 | 0 | 0
Settlements | (343) | (590) | (903)
Allowance for Losses | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | (106) | 1,954 | (867)
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0
Transfers Out |  | 0 |
Ending Balance | $ 5,382 | $ 5,831 | $ 4,467

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