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FAIR VALUE DISCLOSURES - Schedule of Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
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
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
Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | $ 5,540,222 | $ 5,558,633
Purchases | 300,000 | 50,000
Settlements | (276,289) | (64,391)
Allowance for Losses | 50 | 28
Realized and unrealized gains (losses) included in Income | 82,075 | (80,708)
Unrealized (losses)/gains included in Other Comprehensive Income | 2,627 | 29,206
Ending Balance | 5,648,685 | 5,492,768
Available-for-sale securities | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 19,476 | 19,082
Purchases | 0 | 0
Settlements | 0 | 0
Allowance for Losses | 0 | 1
Realized and unrealized gains (losses) included in Income | 0 | 0
Unrealized (losses)/gains included in Other Comprehensive Income | (123) | 198
Ending Balance | 19,353 | 19,281
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 | 19,476 | 19,082
Purchases | 0 | 0
Settlements | 0 | 0
Allowance for Losses | 0 | 1
Realized and unrealized gains (losses) included in Income | 0 | 0
Unrealized (losses)/gains included in Other Comprehensive Income | (123) | 198
Ending Balance | 19,353 | 19,281
Farmer Mac Guaranteed Securities | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,514,546 | 5,532,479
Purchases | 300,000 | 50,000
Settlements | (276,028) | (64,132)
Allowance for Losses | 50 | 27
Realized and unrealized gains (losses) included in Income | 82,066 | (80,694)
Unrealized (losses)/gains included in Other Comprehensive Income | 2,750 | 29,008
Ending Balance | 5,623,384 | 5,466,688
Farmer Mac Guaranteed Securities | Level 3 | Recurring | AgVantage |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,505,531 | 5,522,712
Purchases | 300,000 | 50,000
Settlements | (275,854) | (63,955)
Allowance for Losses | 50 | 27
Realized and unrealized gains (losses) included in Income | 82,066 | (80,694)
Unrealized (losses)/gains included in Other Comprehensive Income | 2,719 | 29,107
Ending Balance | 5,614,512 | 5,457,197
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 | 9,015 | 9,767
Purchases | 0 | 0
Settlements | (174) | (177)
Allowance for Losses | 0 | 0
Realized and unrealized gains (losses) included in Income | 0 | 0
Unrealized (losses)/gains included in Other Comprehensive Income | 31 | (99)
Ending Balance | 8,872 | 9,491
USDA Securities | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 818 | 1,241
Purchases | 0 | 0
Settlements | (175) | (174)
Allowance for Losses | 0 | 0
Realized and unrealized gains (losses) included in Income | 8 | (1)
Unrealized (losses)/gains included in Other Comprehensive Income | 0 | 0
Ending Balance | 651 | 1,066
Guarantee and commitment obligations: | Level 3 | Recurring |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,382 | 5,831
Purchases | 0 | 0
Settlements | (86) | (85)
Allowance for Losses | 0 | 0
Realized and unrealized gains (losses) included in Income | 1 | (13)
Unrealized (losses)/gains included in Other Comprehensive Income | 0 | 0
Ending Balance | 5,297 | 5,733
Guarantee and commitment obligations: | Level 3 | Recurring | Guarantee Asset |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |
Beginning Balance | 5,382 | 5,831
Purchases | 0 | 0
Settlements | (86) | (85)
Allowance for Losses | 0 | 0
Realized and unrealized gains (losses) included in Income | 1 | (13)
Unrealized (losses)/gains included in Other Comprehensive Income | 0 | 0
Ending Balance | $ 5,297 | $ 5,733

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