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v3.25.2

LOANS - Changes in the Allowance for Losses (Details) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance |  |  | $ 23,223,000 |
Provision for/(release of) losses | $ 7,713,000 | $ 6,179,000 | 9,397,000 | $ 4,378,000
Ending balance | 29,956,000 |  | 29,956,000 |
Total Agricultural Finance loans |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 11,369,000 | 7,104,000 | 10,511,000 | 6,884,000
Provision for/(release of) losses | 5,009,000 | 5,629,000 | 5,784,000 | 5,849,000
Charge-offs | (2,840,000) | (4,043,000) | (2,840,000) | (4,043,000)
Recovery | 40,000 | 0 | 123,000 | 0
Ending balance | 13,578,000 | 8,690,000 | 13,578,000 | 8,690,000
Farm & Ranch |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 5,071,000 | 4,535,000 | 5,132,000 | 3,936,000
Provision for/(release of) losses | 4,404,000 | 242,000 | 4,343,000 | 841,000
Charge-offs | (2,840,000) | (101,000) | (2,840,000) | (101,000)
Recovery | 0 | 0 | 0 | 0
Ending balance | 6,635,000 | 4,676,000 | 6,635,000 | 4,676,000
Farm & Ranch | Commercial Real Estate |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Provision for/(release of) losses |  |  | 1,700,000 | 1,200,000
Corporate AgFinance |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 6,298,000 | 2,569,000 | 5,379,000 | 2,948,000
Provision for/(release of) losses | 605,000 | 5,387,000 | 1,441,000 | 5,008,000
Charge-offs | 0 | (3,942,000) | 0 | (3,942,000)
Recovery | 40,000 | 0 | 123,000 | 0
Ending balance | 6,943,000 | 4,014,000 | 6,943,000 | 4,014,000
Corporate AgFinance | Commercial Real Estate |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Provision for/(release of) losses |  |  | 1,000,000 | 0
Infrastructure Finance loans |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Beginning balance | 13,687,000 | 7,184,000 | 12,712,000 | 9,147,000
Provision for/(release of) losses | 2,691,000 | 626,000 | 3,666,000 | (1,337,000)
Charge-offs | 0 | 0 | 0 | 0
Recovery | 0 | 0 | 0 | 0
Ending balance | $ 16,378,000 | $ 7,810,000 | 16,378,000 | 7,810,000
Infrastructure Finance loans | Collateral Pledged |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Provision for/(release of) losses |  |  | $ 0 | $ 0

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- 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
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- Definition Amount, excluding accrued interest, of increase in allowance for credit loss on financing receivable from recovery. 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 (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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