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Business Segment Reporting - Core Earnings (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
segment
Sep. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting [Abstract]          
Number of operating segments | segment     7    
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income $ 67,853 $ 58,916 $ 197,305 $ 168,115  
Guarantee and commitment fees 2,643 3,155 9,551 9,182  
Other income/(expense) 1,382 (16) 23,281 4,396  
Total revenues 71,878 62,055 230,137 181,693  
Release of/(provision for) losses (617) (366) 699 (518)  
Release of reserve for losses 167 111 440 1,277  
Operating expenses (19,379) (17,107) (60,815) (52,866)  
Total non-interest expense (19,212) (16,996) (60,375) (51,589)  
Core earnings before income taxes 52,049 44,693 170,461 129,586  
Income tax (expense)/benefit (10,631) (9,388) (35,735) (27,350)  
Core earnings before preferred stock dividends 41,418 35,305 134,726 102,236  
Preferred stock dividends (6,791) (6,774) (20,374) (17,885)  
Loss on retirement of preferred stock   0 114,352 84,351  
Segment core earnings/(losses) 34,627 28,531      
Total Assets 26,441,588 24,744,368 26,441,588 24,744,368 $ 25,121,009
Total on- and off-balance sheet program assets at principal balance 25,326,638 23,118,791 25,326,638 23,118,791  
Reconciling Adjustments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 0 0 0 0  
Less: reconciling adjustments 2,212 2,991 12,879 1,780  
Net Effective Spread 2,212 2,991 12,879 1,780  
Guarantee and commitment fees (1,558) (1,167) (3,916) (3,714)  
Other income/(expense) 909 (703) 21,987 2,957  
Total revenues 1,563 1,121 30,950 1,023  
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 1,563 1,121 30,950 1,023  
Income tax (expense)/benefit (328) (236) (6,499) (215)  
Core earnings before preferred stock dividends 1,235 885 24,451 808  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0 24,451 808  
Segment core earnings/(losses) 1,235 885      
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   (400)      
Farm & Ranch | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 34,173 30,063 99,197 88,186  
Less: reconciling adjustments (830) (1,148) (2,910) (3,647)  
Net Effective Spread 33,343 28,915 96,287 84,539  
Guarantee and commitment fees 3,833 3,988 12,387 11,906  
Other income/(expense) 469 557 1,030 1,560  
Total revenues 37,645 33,460 109,704 98,005  
Release of/(provision for) losses 93 (261) 440 322  
Release of reserve for losses 139 91 324 996  
Operating expenses 0 0 0 0  
Total non-interest expense 139 91 324 996  
Core earnings before income taxes 37,877 33,290 110,468 99,323  
Income tax (expense)/benefit (7,953) (6,991) (23,196) (20,857)  
Core earnings before preferred stock dividends 29,924 26,299 87,272 78,466  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0 87,272 78,466  
Segment core earnings/(losses) 29,924 26,299      
Total Assets 14,113,686 12,845,105 14,113,686 12,845,105  
Total on- and off-balance sheet program assets at principal balance 17,199,347 15,565,589 17,199,347 15,565,589  
Corporate AgFinance | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 7,600 7,162 21,738 20,760  
Less: reconciling adjustments 0 0 0 0  
Net Effective Spread 7,600 7,162 21,738 20,760  
Guarantee and commitment fees 46 9 108 18  
Other income/(expense) 4 0 261 0  
Total revenues 7,650 7,171 22,107 20,778  
Release of/(provision for) losses (333) (191) (1,498) (157)  
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 7,317 6,980 20,609 20,621  
Income tax (expense)/benefit (1,536) (1,466) (4,327) (4,330)  
Core earnings before preferred stock dividends 5,781 5,514 16,282 16,291  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0 16,282 16,291  
Segment core earnings/(losses) 5,781 5,514      
Total Assets 1,558,139 1,347,182 1,558,139 1,347,182  
Total on- and off-balance sheet program assets at principal balance 1,634,786 1,379,816 1,634,786 1,379,816  
Rural  Utilities | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 4,253 2,101 11,218 5,648  
Less: reconciling adjustments (33) (34) (106) (102)  
Net Effective Spread 4,220 2,067 11,112 5,546  
Guarantee and commitment fees 309 325 929 958  
Other income/(expense) 0 2 0 4  
Total revenues 4,529 2,394 12,041 6,508  
Release of/(provision for) losses (414) 45 1,927 (490)  
Release of reserve for losses 28 20 116 281  
Operating expenses 0 0 0 0  
Total non-interest expense 28 20 116 281  
Core earnings before income taxes 4,143 2,459 14,084 6,299  
Income tax (expense)/benefit (869) (516) (2,956) (1,322)  
Core earnings before preferred stock dividends 3,274 1,943 11,128 4,977  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0 11,128 4,977  
Segment core earnings/(losses) 3,274 1,943      
Total Assets 5,779,300 5,511,782 5,779,300 5,511,782  
Total on- and off-balance sheet program assets at principal balance 6,296,263 6,080,691 6,296,263 6,080,691  
Renewable Energy | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 705 237 1,548 863  
Less: reconciling adjustments 0 0 0 0  
Net Effective Spread 705 237 1,548 863  
Guarantee and commitment fees 13 0 43 14  
Other income/(expense) 0 0 0 0  
Total revenues 718 237 1,591 877  
Release of/(provision for) losses 26 35 (184) (177)  
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 744 272 1,407 700  
Income tax (expense)/benefit (156) (57) (295) (147)  
Core earnings before preferred stock dividends 588 215 1,112 553  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0 1,112 553  
Segment core earnings/(losses) 588 215      
Total Assets 186,832 88,738 186,832 88,738  
Total on- and off-balance sheet program assets at principal balance 196,242 92,695 196,242 92,695  
Funding | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 23,913 19,195 67,673 52,260  
Less: reconciling adjustments (1,349) (1,809) (9,863) 1,969  
Net Effective Spread 22,564 17,386 57,810 54,229  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 0 0 0 0  
Total revenues 22,564 17,386 57,810 54,229  
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 22,564 17,386 57,810 54,229  
Income tax (expense)/benefit (4,739) (3,651) (12,141) (11,388)  
Core earnings before preferred stock dividends 17,825 13,735 45,669 42,841  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0 45,669 42,841  
Segment core earnings/(losses) 17,825 13,735      
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 (2,791) 158 (4,069) 398  
Less: reconciling adjustments 0 0 0 0  
Net Effective Spread (2,791) 158 (4,069) 398  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 0 0 0 0  
Total revenues (2,791) 158 (4,069) 398  
Release of/(provision for) losses 11 6 14 (16)  
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 (2,780) 164 (4,055) 382  
Income tax (expense)/benefit 584 (35) 852 (80)  
Core earnings before preferred stock dividends (2,196) 129 (3,203) 302  
Preferred stock dividends 0 0 0 0  
Loss on retirement of preferred stock   0 (3,203) 302  
Segment core earnings/(losses) (2,196) 129      
Total Assets 4,608,868 4,919,431 4,608,868 4,919,431  
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) 0 128 3 (125)  
Total revenues 0 128 3 (125)  
Release of/(provision for) losses 0 0 0 0  
Release of reserve for losses 0 0 0 0  
Operating expenses (19,379) (17,107) (60,815) (52,866)  
Total non-interest expense (19,379) (17,107) (60,815) (52,866)  
Core earnings before income taxes (19,379) (16,979) (60,812) (52,991)  
Income tax (expense)/benefit 4,366 3,564 12,827 10,989  
Core earnings before preferred stock dividends (15,013) (13,415) (47,985) (42,002)  
Preferred stock dividends (6,791) (6,774) (20,374) (17,885)  
Loss on retirement of preferred stock   0 (68,359) (59,887)  
Segment core earnings/(losses) (21,804) (20,189)      
Total Assets 194,763 32,130 194,763 32,130  
Total on- and off-balance sheet program assets at principal balance $ 0 $ 0 $ 0 $ 0