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Business Segment Reporting - Core Earnings (Details)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
segment
Sep. 30, 2021
segment
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Segment Reporting [Abstract]          
Number of operating segments | segment 7 5      
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     $ 220,775 $ 190,588 $ 173,135
Less: reconciling adjustments     0 0 0
Net effective spread     0 0 0
Guarantee and commitment fees     12,669 12,549 13,666
Gain on sale of mortgage loans     6,539 0 0
Other income/(expense)     (1,141) 3,754 7,276
Total revenues     238,842 206,891 194,077
Release of/(provision for) losses     860 (7,805) (3,504)
Release of/(provision for) reserve for losses     1,327 (250) 3
Operating expenses     (73,416) (61,403) (51,925)
Total non-interest expense     (72,089) (61,653) (51,922)
Core earnings before income taxes     167,613 137,433 138,651
Income tax (expense)/benefit     (35,353) (28,785) (29,105)
Core earnings before preferred stock dividends     132,260 108,648 109,546
Preferred stock dividends     (24,677) (17,805) (13,940)
Loss on retirement of preferred stock       (1,667) (1,956)
Segment core earnings     107,583 89,176 93,650
Total Assets $ 25,145,491   25,145,491 24,355,501 21,709,374
Total on- and off-balance sheet program assets at principal balance 23,614,463   23,614,463 21,924,095 21,117,942
Reconciling Adjustments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     0 0 0
Less: reconciling adjustments     107 (6,368) 4,527
Net effective spread     107 (6,368) 4,527
Guarantee and commitment fees     (4,864) (6,601) (7,669)
Gain on sale of mortgage loans     0    
Other income/(expense)     (2,821) 604 5,501
Total revenues     (7,578) (12,365) 2,359
Release of/(provision for) losses     0 0 0
Release of/(provision for) reserve for losses     0 0 0
Operating expenses     0 0 0
Total non-interest expense     0 0 0
Core earnings before income taxes     (7,578) (12,365) 2,359
Income tax (expense)/benefit     1,591 2,596 (495)
Core earnings before preferred stock dividends     (5,987) (9,769) 1,864
Preferred stock dividends     0 0 0
Loss on retirement of preferred stock       (1,667) (1,956)
Segment core earnings     (5,987) (11,436) (92)
Total Assets 0   0 0 0
Total on- and off-balance sheet program assets at principal balance 0   0 0 0
Farm & Ranch | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     118,289 96,355 83,226
Less: reconciling adjustments     (4,753) (6,197) (7,095)
Net effective spread     113,536 90,158 76,131
Guarantee and commitment fees     16,178 17,800 19,551
Gain on sale of mortgage loans     6,539    
Other income/(expense)     1,966 3,652 1,571
Total revenues     138,219 111,610 97,253
Release of/(provision for) losses     1,574 (2,941) (3,165)
Release of/(provision for) reserve for losses     1,034 (80) 3
Operating expenses     0 0 0
Total non-interest expense     1,034 (80) 3
Core earnings before income taxes     140,827 108,589 94,091
Income tax (expense)/benefit     (29,574) (22,802) (19,759)
Core earnings before preferred stock dividends     111,253 85,787 74,332
Preferred stock dividends     0 0 0
Loss on retirement of preferred stock       0 0
Segment core earnings     111,253 85,787 74,332
Total Assets 13,112,193   13,112,193 12,373,781 11,889,538
Total on- and off-balance sheet program assets at principal balance 16,094,640   16,094,640 14,872,894 14,559,268
Corporate AgFinance | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     27,081 21,441 13,757
Less: reconciling adjustments     0 0 0
Net effective spread     27,081 21,441 13,757
Guarantee and commitment fees     48 5 0
Gain on sale of mortgage loans     0    
Other income/(expense)     0 0 0
Total revenues     27,129 21,446 13,757
Release of/(provision for) losses     (210) 36 (339)
Release of/(provision for) reserve for losses     0 0 0
Operating expenses     0 0 0
Total non-interest expense     0 0 0
Core earnings before income taxes     26,919 21,482 13,418
Income tax (expense)/benefit     (5,653) (4,511) (2,818)
Core earnings before preferred stock dividends     21,266 16,971 10,600
Preferred stock dividends     0 0 0
Loss on retirement of preferred stock       0 0
Segment core earnings     21,266 16,971 10,600
Total Assets 1,507,848   1,507,848 1,663,581 1,338,114
Total on- and off-balance sheet program assets at principal balance 1,537,834   1,537,834 1,664,115 1,328,602
Rural  Utilities | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     8,224 7,083 5,242
Less: reconciling adjustments     (157) (207) (176)
Net effective spread     8,067 6,876 5,066
Guarantee and commitment fees     1,287 1,345 1,784
Gain on sale of mortgage loans     0    
Other income/(expense)     5 32 37
Total revenues     9,359 8,253 6,887
Release of/(provision for) losses     (291) (4,763) 0
Release of/(provision for) reserve for losses     293 (170) 0
Operating expenses     0 0 0
Total non-interest expense     293 (170) 0
Core earnings before income taxes     9,361 3,320 6,887
Income tax (expense)/benefit     (1,965) (697) (1,446)
Core earnings before preferred stock dividends     7,396 2,623 5,441
Preferred stock dividends     0 0 0
Loss on retirement of preferred stock       0 0
Segment core earnings     7,396 2,623 5,441
Total Assets 5,344,707   5,344,707 4,760,585 4,625,125
Total on- and off-balance sheet program assets at principal balance 5,895,226   5,895,226 5,314,051 5,220,270
Renewable Energy | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     1,219 303 22
Less: reconciling adjustments     0 0 0
Net effective spread     1,219 303 22
Guarantee and commitment fees     20 0 0
Gain on sale of mortgage loans     0    
Other income/(expense)     0 0 0
Total revenues     1,239 303 22
Release of/(provision for) losses     (198) (110) 0
Release of/(provision for) reserve for losses     0 0 0
Operating expenses     0 0 0
Total non-interest expense     0 0 0
Core earnings before income taxes     1,041 193 22
Income tax (expense)/benefit     (219) (41) (5)
Core earnings before preferred stock dividends     822 152 17
Preferred stock dividends     0 0 0
Loss on retirement of preferred stock       0 0
Segment core earnings     822 152 17
Total Assets 87,553   87,553 73,493 9,802
Total on- and off-balance sheet program assets at principal balance 86,763   86,763 73,035 9,802
Funding | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     65,405 66,446 70,500
Less: reconciling adjustments     4,803 12,772 2,744
Net effective spread     70,208 79,218 73,244
Guarantee and commitment fees     0 0 0
Gain on sale of mortgage loans     0    
Other income/(expense)     0 0 0
Total revenues     70,208 79,218 73,244
Release of/(provision for) losses     0 0 0
Release of/(provision for) reserve for losses     0 0 0
Operating expenses     0 0 0
Total non-interest expense     0 0 0
Core earnings before income taxes     70,208 79,218 73,244
Income tax (expense)/benefit     (14,744) (16,636) (15,381)
Core earnings before preferred stock dividends     55,464 62,582 57,863
Preferred stock dividends     0 0 0
Loss on retirement of preferred stock       0 0
Segment core earnings     55,464 62,582 57,863
Total Assets 0   0 0 0
Total on- and off-balance sheet program assets at principal balance 0   0 0 0
Investments | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     557 (1,040) 388
Less: reconciling adjustments     0 0 0
Net effective spread     557 (1,040) 388
Guarantee and commitment fees     0 0 0
Gain on sale of mortgage loans     0    
Other income/(expense)     0 0 0
Total revenues     557 (1,040) 388
Release of/(provision for) losses     (15) (27) 0
Release of/(provision for) reserve for losses     0 0 0
Operating expenses     0 0 0
Total non-interest expense     0 0 0
Core earnings before income taxes     542 (1,067) 388
Income tax (expense)/benefit     (114) 224 (82)
Core earnings before preferred stock dividends     428 (843) 306
Preferred stock dividends     0 0 0
Loss on retirement of preferred stock       0 0
Segment core earnings     428 (843) 306
Total Assets 5,037,636   5,037,636 5,441,426 3,809,891
Total on- and off-balance sheet program assets at principal balance 0   0 0 0
Corporate | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income     0 0 0
Less: reconciling adjustments     0 0 0
Net effective spread     0 0 0
Guarantee and commitment fees     0 0 0
Gain on sale of mortgage loans     0    
Other income/(expense)     (291) (534) 167
Total revenues     (291) (534) 167
Release of/(provision for) losses     0 0 0
Release of/(provision for) reserve for losses     0 0 0
Operating expenses     (73,416) (61,403) (51,925)
Total non-interest expense     (73,416) (61,403) (51,925)
Core earnings before income taxes     (73,707) (61,937) (51,758)
Income tax (expense)/benefit     15,325 13,082 10,881
Core earnings before preferred stock dividends     (58,382) (48,855) (40,877)
Preferred stock dividends     (24,677) (17,805) (13,940)
Loss on retirement of preferred stock       0 0
Segment core earnings     (83,059) (66,660) (54,817)
Total Assets 55,554   55,554 42,635 36,904
Total on- and off-balance sheet program assets at principal balance $ 0   $ 0 $ 0 $ 0