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Financial Derivatives - Schedule of Net Income/(Expense) Recognized (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]        
Investments and cash equivalents $ 11,200 $ 4,457 $ 16,916 $ 9,986
Interest Income Farmer Mac Guaranteed Securities and USDA Securities 57,104 42,414 96,361 84,818
Interest Income Loans 76,632 60,214 143,879 119,708
Total interest expense (75,534) (51,956) (125,879) (106,132)
Gains/(losses) on financial derivatives 3,418 (3,066) 19,492 1,227
Total 72,820 52,063 150,769 109,607
Expense recognized on cash flow hedges 7,302 526 27,793 9,363
Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (194,709) 114,935 (330,874) (169,112)
Gains/(losses) on fair value hedging relationships 6,037 (1,725) 8,403 (1,379)
Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items (15) (8) (29) (15)
Interest settlements reclassified from AOCI into net income on derivatives (1,155) (1,776) (3,166) (3,523)
Recognized on hedged items (1,821) (643) (2,608) (1,298)
Expense recognized on cash flow hedges (2,991) (2,427) (5,803) (4,836)
Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 27,876 30,126 56,864 60,581
Premium/discount amortization recognized on hedged items (827) (257) (1,681) (478)
No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 3,418 (3,066) 19,492 1,227
Interest Income Investments and Cash Equivalents | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (22,969) 188 (55,694) 188
Gains/(losses) on fair value hedging relationships 1,169 12 1,868 12
Interest Income Investments and Cash Equivalents | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Income Investments and Cash Equivalents | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 3,219 67 5,816 67
Premium/discount amortization recognized on hedged items (343) 0 (757) 0
Interest Income Investments and Cash Equivalents | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (149,266) 49,878 (359,914) (118,922)
Gains/(losses) on fair value hedging relationships 4,404 1,198 3,944 474
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 34,431 30,565 66,359 61,341
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Interest Income Loans | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (107,347) 63,978 (236,953) (80,770)
Gains/(losses) on fair value hedging relationships 2,072 (1,169) 4,398 (146)
Interest Income Loans | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Income Loans | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 13,669 11,635 26,288 23,122
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest Income Loans | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Total Interest Expense | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 84,873 891 321,687 30,392
Gains/(losses) on fair value hedging relationships (1,608) (1,766) (1,807) (1,719)
Total Interest Expense | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items (15) (8) (29) (15)
Interest settlements reclassified from AOCI into net income on derivatives (1,155) (1,776) (3,166) (3,523)
Recognized on hedged items (1,821) (643) (2,608) (1,298)
Expense recognized on cash flow hedges (2,991) (2,427) (5,803) (4,836)
Total Interest Expense | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (23,443) (12,141) (41,599) (23,949)
Premium/discount amortization recognized on hedged items (484) (257) (924) (478)
Total Interest Expense | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Gains on financial derivatives | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 0 0 0 0
Gains/(losses) on fair value hedging relationships 0 0 0 0
Gains on financial derivatives | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Gains on financial derivatives | Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 0 0 0 0
Premium/discount amortization recognized on hedged items 0 0 0 0
Gains on financial derivatives | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 3,418 (3,066) 19,492 1,227
Interest Rate Swap | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (16,512) (18,532) (32,386) (37,059)
Income/(expense) related to interest settlements on fair value hedging relationships 10,537 11,337 22,797 23,044
Recognized on derivatives 200,746 (116,660) 339,277 167,733
Interest Rate Swap | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 3,911 (3,739) 4,614 (2,271)
Expense recognized on cash flow hedges (1,955) 1,098 (2,883) 3,322
Interest Rate Swap | Interest Income Investments and Cash Equivalents | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (1,008) (35) (2,492) (35)
Income/(expense) related to interest settlements on fair value hedging relationships 1,868 32 2,567 32
Recognized on derivatives 24,138 (176) 57,562 (176)
Interest Rate Swap | Interest Income Investments and Cash Equivalents | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (15,693) (21,604) (37,337) (43,041)
Income/(expense) related to interest settlements on fair value hedging relationships 18,738 8,961 29,022 18,300
Recognized on derivatives 153,670 (48,680) 363,858 119,396
Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Interest Income Loans | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (4,459) (6,704) (11,405) (13,275)
Income/(expense) related to interest settlements on fair value hedging relationships 9,210 4,931 14,883 9,847
Recognized on derivatives 109,419 (65,147) 241,351 80,624
Interest Rate Swap | Interest Income Loans | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Total Interest Expense | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 4,648 9,811 18,848 19,292
Income/(expense) related to interest settlements on fair value hedging relationships (19,279) (2,587) (23,675) (5,135)
Recognized on derivatives (86,481) (2,657) (323,494) (32,111)
Interest Rate Swap | Total Interest Expense | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Interest Rate Swap | Gains on financial derivatives | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 0 0 0 0
Income/(expense) related to interest settlements on fair value hedging relationships 0 0 0 0
Recognized on derivatives 0 0 0 0
Interest Rate Swap | Gains on financial derivatives | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 3,911 (3,739) 4,614 (2,271)
Expense recognized on cash flow hedges (1,955) 1,098 (2,883) 3,322
Treasury futures | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 1,462 (425) 17,761 176
Treasury futures | Interest Income Investments and Cash Equivalents | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Interest Income Loans | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Total Interest Expense | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives 0 0 0 0
Treasury futures | Gains on financial derivatives | No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(losses) on financial derivatives $ 1,462 $ (425) $ 17,761 $ 176