CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 864,594	$ 861,002
Loans:
Loans held for investment, at amortized cost	8,915,656	9,008,979
Loans held for investment in consolidated trusts, at amortized cost	1,468,357	1,211,576
Allowance for losses	(15,673)	(15,089)
Total loans, net of allowance	10,368,340	10,205,466
Financial derivatives, at fair value	25,099	37,409
Accrued interest receivable (includes $9,885 and $12,514, respectively, related to consolidated trusts)	196,368	229,061
Guarantee and commitment fees receivable	46,670	47,151
Deferred tax asset, net	7,961	18,004
Prepaid expenses and other assets	154,994	266,768
Total Assets	27,939,947	27,333,110
Liabilities:
Notes payable	24,837,391	24,469,113
Debt securities of consolidated trusts held by third parties	1,374,332	1,181,948
Financial derivatives, at fair value	166,963	175,326
Accrued interest payable (includes $6,170 and $8,081, respectively, related to consolidated trusts)	141,938	117,887
Guarantee and commitment obligation	46,114	46,582
Accounts payable and accrued expenses	79,188	68,863
Reserve for losses	1,636	1,433
Total Liabilities	26,647,562	26,061,152
Commitments and Contingencies (Note 6)
Common stock:
Additional paid-in capital	130,004	128,939
Accumulated other comprehensive loss, net of tax	(59,862)	(50,843)
Retained earnings	726,892	698,530
Total Equity	1,292,385	1,271,958
Total Liabilities and Equity	27,939,947	27,333,110
Series C
Preferred stock:
Preferred stock	73,382	73,382
Series D
Preferred stock:
Preferred stock	96,659	96,659
Series E
Preferred stock:
Preferred stock	77,003	77,003
Series F
Preferred stock:
Preferred stock	116,160	116,160
Series G
Preferred stock:
Preferred stock	121,327	121,327
Class A voting common stock
Common stock:
Common Stock	1,031	1,031
Class B voting common stock
Common stock:
Common Stock	500	500
Class C non-voting common stock
Common stock:
Common Stock	9,289	9,270
Investment securities:
Assets:
Fair Value	4,647,464	4,579,564
Amortized Cost	45,032	45,032
Other investments	3,672	3,672
Total Securities	4,696,168	4,628,268
Farmer Mac Guaranteed Securities:
Assets:
Fair Value	8,225,454	7,607,226
Amortized Cost	993,966	1,021,154
Total Securities	9,219,420	8,628,380
USDA Securities:
Assets:
Amortized Cost	2,358,928	2,409,834
Trading, at fair value	1,405	1,767
Total Securities	$ 2,360,333	$ 2,411,601