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Business Segment Reporting - Core Earnings (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
segment
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting [Abstract]          
Number of operating segments | segment 7        
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income $ 69,402 $ 55,129 $ 131,277 $ 108,380  
Guarantee and commitment fees 3,213 2,997 6,908 6,027  
Other income/(expense) 3,926 (2,693) 20,612 2,170  
Total revenues 76,541 55,433 158,797 116,577  
Release of/(provision for) losses 1,372 761 1,316 (152)  
Release of reserve for losses 163 222 273 1,166  
Operating expenses (20,048) (16,878) (41,436) (35,759)  
Total non-interest expense (19,885) (16,656) (41,163) (34,593)  
Core earnings before income taxes 58,028 39,538 118,950 81,832  
Income tax (expense)/benefit (12,132) (8,252) (25,217) (17,319)  
Core earnings before preferred stock dividends 45,896 31,286 93,733 64,513  
Preferred stock dividends (6,792) (5,842) (13,583) (11,111)  
Loss on retirement of preferred stock   0      
Segment core earnings 39,104 25,444 80,150 53,402  
Total Assets 25,916,403 24,181,245 25,916,403 24,181,245 $ 25,145,491
Total on- and off-balance sheet program assets at principal balance 24,479,391 22,197,161 24,479,391 22,197,161  
Reconciling Adjustments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 0 0 0 0  
Less: reconciling adjustments 8,456 (1,422) 12,492 (2,030)  
Net effective spread 8,456 (1,422) 12,492 (2,030)  
Guarantee and commitment fees (1,496) (1,337) (2,358) (2,547)  
Other income/(expense) 3,619 (2,994) 19,791 1,418  
Total revenues 10,579 (5,753) 29,925 (3,159)  
Release of/(provision for) losses 0 0 0 0  
Release of reserve for losses 0 0 0 0  
Operating expenses 0 0 0 0  
Total non-interest expense 0 0 0 0  
Core earnings before income taxes 10,579 (5,753) 29,925 (3,159)  
Income tax (expense)/benefit (2,223) 1,211 (6,284) 664  
Core earnings before preferred stock dividends 8,356 (4,542) 23,641 (2,495)  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0      
Segment core earnings 8,356 (4,542) 23,641 (2,495)  
Total Assets 0 0 0 0  
Total on- and off-balance sheet program assets at principal balance 0 0 0 0  
Farm & Ranch          
Segment Reporting Information, Profit (Loss) [Abstract]          
Release of/(provision for) losses   600      
Farm & Ranch | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 33,670 30,478 65,024 58,124  
Less: reconciling adjustments (1,080) (1,315) (2,080) (2,500)  
Net effective spread 32,590 29,163 62,944 55,624  
Guarantee and commitment fees 4,338 4,010 8,554 7,918  
Other income/(expense) 161 430 561 1,002  
Total revenues 37,089 33,603 72,059 64,544  
Release of/(provision for) losses 857 575 347 575  
Release of reserve for losses 111 181 185 912  
Operating expenses 0 0 0 0  
Total non-interest expense 111 181 185 912  
Core earnings before income taxes 38,057 34,359 72,591 66,031  
Income tax (expense)/benefit (7,991) (7,216) (15,243) (13,866)  
Core earnings before preferred stock dividends 30,066 27,143 57,348 52,165  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0      
Segment core earnings 30,066 27,143 57,348 52,165  
Total Assets 13,686,589 12,327,696 13,686,589 12,327,696  
Total on- and off-balance sheet program assets at principal balance 16,591,999 14,873,926 16,591,999 14,873,926  
Corporate AgFinance | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 6,929 6,676 14,138 13,597  
Less: reconciling adjustments 0 0 0 0  
Net effective spread 6,929 6,676 14,138 13,597  
Guarantee and commitment fees 43 2 62 10  
Other income/(expense) 143 0 257 0  
Total revenues 7,115 6,678 14,457 13,607  
Release of/(provision for) losses (650) 97 (1,165) 36  
Release of reserve for losses 0 0 0 0  
Operating expenses 0 0 0 0  
Total non-interest expense 0 0 0 0  
Core earnings before income taxes 6,465 6,775 13,292 13,643  
Income tax (expense)/benefit (1,357) (1,424) (2,791) (2,865)  
Core earnings before preferred stock dividends 5,108 5,351 10,501 10,778  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0      
Segment core earnings 5,108 5,351 10,501 10,778  
Total Assets 1,521,102 1,661,734 1,521,102 1,661,734  
Total on- and off-balance sheet program assets at principal balance 1,567,311 1,664,059 1,567,311 1,664,059  
Rural  Utilities | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 3,772 1,793 6,965 3,547  
Less: reconciling adjustments (39) (34) (73) (67)  
Net effective spread 3,733 1,759 6,892 3,480  
Guarantee and commitment fees 308 313 620 632  
Other income/(expense) 0 1 0 2  
Total revenues 4,041 2,073 7,512 4,114  
Release of/(provision for) losses 1,172 101 2,341 (532)  
Release of reserve for losses 52 41 88 254  
Operating expenses 0 0 0 0  
Total non-interest expense 52 41 88 254  
Core earnings before income taxes 5,265 2,215 9,941 3,836  
Income tax (expense)/benefit (1,105) (465) (2,087) (806)  
Core earnings before preferred stock dividends 4,160 1,750 7,854 3,030  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0      
Segment core earnings 4,160 1,750 7,854 3,030  
Total Assets 5,632,551 5,043,265 5,632,551 5,043,265  
Total on- and off-balance sheet program assets at principal balance 6,172,063 5,566,591 6,172,063 5,566,591  
Renewable Energy | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 468 378 843 626  
Less: reconciling adjustments 0 0 0 0  
Net effective spread 468 378 843 626  
Guarantee and commitment fees 20 9 30 14  
Other income/(expense) 0 0 0 0  
Total revenues 488 387 873 640  
Release of/(provision for) losses (8) (15) (210) (210)  
Release of reserve for losses 0 0 0 0  
Operating expenses 0 0 0 0  
Total non-interest expense 0 0 0 0  
Core earnings before income taxes 480 372 663 430  
Income tax (expense)/benefit (101) (78) (139) (90)  
Core earnings before preferred stock dividends 379 294 524 340  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0      
Segment core earnings 379 294 524 340  
Total Assets 126,513 85,486 126,513 85,486  
Total on- and off-balance sheet program assets at principal balance 148,018 92,585 148,018 92,585  
Funding | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 25,845 15,678 45,585 32,246  
Less: reconciling adjustments (7,337) 2,771 (10,339) 4,597  
Net effective spread 18,508 18,449 35,246 36,843  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 0 0 0 0  
Total revenues 18,508 18,449 35,246 36,843  
Release of/(provision for) losses 0 0 0 0  
Release of reserve for losses 0 0 0 0  
Operating expenses 0 0 0 0  
Total non-interest expense 0 0 0 0  
Core earnings before income taxes 18,508 18,449 35,246 36,843  
Income tax (expense)/benefit (3,887) (3,874) (7,402) (7,737)  
Core earnings before preferred stock dividends 14,621 14,575 27,844 29,106  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0      
Segment core earnings 14,621 14,575 27,844 29,106  
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 (1,282) 126 (1,278) 240  
Less: reconciling adjustments 0 0 0 0  
Net effective spread (1,282) 126 (1,278) 240  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 0 0 0 0  
Total revenues (1,282) 126 (1,278) 240  
Release of/(provision for) losses 1 3 3 (21)  
Release of reserve for losses 0 0 0 0  
Operating expenses 0 0 0 0  
Total non-interest expense 0 0 0 0  
Core earnings before income taxes (1,281) 129 (1,275) 219  
Income tax (expense)/benefit 269 (27) 268 (46)  
Core earnings before preferred stock dividends (1,012) 102 (1,007) 173  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0      
Segment core earnings (1,012) 102 (1,007) 173  
Total Assets 4,802,159 5,032,632 4,802,159 5,032,632  
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 0  
Less: reconciling adjustments 0 0 0 0  
Net effective spread 0 0 0 0  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 3 (130) 3 (252)  
Total revenues 3 (130) 3 (252)  
Release of/(provision for) losses 0 0 0 0  
Release of reserve for losses 0 0 0 0  
Operating expenses (20,048) (16,878) (41,436) (35,759)  
Total non-interest expense (20,048) (16,878) (41,436) (35,759)  
Core earnings before income taxes (20,045) (17,008) (41,433) (36,011)  
Income tax (expense)/benefit 4,263 3,621 8,461 7,427  
Core earnings before preferred stock dividends (15,782) (13,387) (32,972) (28,584)  
Preferred stock dividends (6,792) (5,842) (13,583) (11,111)  
Loss on retirement of preferred stock   0      
Segment core earnings (22,574) (19,229) (46,555) (39,695)  
Total Assets 147,489 30,432 147,489 30,432  
Total on- and off-balance sheet program assets at principal balance $ 0 $ 0 $ 0 $ 0