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FAIR VALUE DISCLOSURES - Schedule of Unobservable Input Reconciliation (Details) - Level 3 - Recurring - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | $ 5,648,685 | $ 5,492,768 | $ 5,540,222 | $ 5,558,633
Purchases | 100,000 | 225,000 | 400,000 | 275,000
Settlements | (17,341) | (281,132) | (293,631) | (345,522)
Allowance for Losses | (6) | 30 | 44 | 58
Realized and unrealized gains (losses) included in Income | 37,746 | (6,546) | 119,821 | (87,256)
Unrealized gains/(losses) included in Other Comprehensive Income | (12,405) | (4,906) | (9,777) | 24,301
Ending Balance | 5,756,679 | 5,425,214 | 5,756,679 | 5,425,214
Available-for-sale securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 19,353 | 19,281 | 19,476 | 19,082
Purchases | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Allowance for Losses | (1) | 1 | (1) | 2
Realized and unrealized gains (losses) included in Income | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 123 | 196 | 0 | 394
Ending Balance | 19,475 | 19,478 | 19,475 | 19,478
Floating rate auction-rate certificates backed by Government guaranteed student loans | Floating interest rate |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 19,353 | 19,281 | 19,476 | 19,082
Purchases | 0 | 0 | 0 | 0
Settlements | 0 | 0 | 0 | 0
Allowance for Losses | (1) | 1 | (1) | 2
Realized and unrealized gains (losses) included in Income | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | 123 | 196 | 0 | 394
Ending Balance | 19,475 | 19,478 | 19,475 | 19,478
Farmer Mac Guaranteed Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,623,384 | 5,466,688 | 5,514,546 | 5,532,479
Purchases | 100,000 | 225,000 | 400,000 | 275,000
Settlements | (17,160) | (281,004) | (293,189) | (345,136)
Allowance for Losses | (5) | 29 | 45 | 56
Realized and unrealized gains (losses) included in Income | 37,812 | (6,460) | 119,878 | (87,155)
Unrealized gains/(losses) included in Other Comprehensive Income | (12,528) | (5,102) | (9,777) | 23,907
Ending Balance | 5,731,503 | 5,399,151 | 5,731,503 | 5,399,151
Farmer Mac Guaranteed Securities | AgVantage |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,614,512 | 5,457,197 | 5,505,531 | 5,522,712
Purchases | 100,000 | 225,000 | 400,000 | 275,000
Settlements | (16,994) | (280,833) | (292,849) | (344,788)
Allowance for Losses | (5) | 29 | 45 | 56
Realized and unrealized gains (losses) included in Income | 37,812 | (6,460) | 119,878 | (87,155)
Unrealized gains/(losses) included in Other Comprehensive Income | (12,435) | (5,092) | (9,715) | 24,016
Ending Balance | 5,722,890 | 5,389,841 | 5,722,890 | 5,389,841
Farmer Mac Guaranteed Securities | Farmer Mac Guaranteed USDA Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 8,872 | 9,491 | 9,015 | 9,767
Purchases | 0 | 0 | 0 | 0
Settlements | (166) | (171) | (340) | (348)
Allowance for Losses | 0 | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | 0 | 0 | 0 | 0
Unrealized gains/(losses) included in Other Comprehensive Income | (93) | (10) | (62) | (109)
Ending Balance | 8,613 | 9,310 | 8,613 | 9,310
USDA Securities |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 651 | 1,066 | 818 | 1,241
Purchases | 0 | 0 | 0 | 0
Settlements | (96) | (43) | (271) | (216)
Allowance for Losses | 0 | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | 5 | 3 | 13 | 1
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | 560 | 1,026 | 560 | 1,026
Guarantee and commitment obligations: |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,297 | 5,733 | 5,382 | 5,831
Purchases | 0 | 0 | 0 | 0
Settlements | (85) | (85) | (171) | (170)
Allowance for Losses | 0 | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | (71) | (89) | (70) | (102)
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | 5,141 | 5,559 | 5,141 | 5,559
Guarantee and commitment obligations: | Guarantee Asset |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance | 5,297 | 5,733 | 5,382 | 5,831
Purchases | 0 | 0 | 0 | 0
Settlements | (85) | (85) | (171) | (170)
Allowance for Losses | 0 | 0 | 0 | 0
Realized and unrealized gains (losses) included in Income | (71) | (89) | (70) | (102)
Unrealized gains/(losses) included in Other Comprehensive Income | 0 | 0 | 0 | 0
Ending Balance | $ 5,141 | $ 5,559 | $ 5,141 | $ 5,559

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