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Business Segment Reporting - Core Earnings (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
segment
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting [Abstract]          
Number of operating segments | segment     7    
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income $ 78,677 $ 63,914 $ 157,735 $ 129,452  
Guarantee and commitment fees 3,489 3,213 7,422 6,908  
Other income/(expense) 2,451 4,299 4,076 21,899  
Total revenues 84,617 71,426 169,233 158,259  
Release of/(provision for) losses (1,073) 1,372 (1,620) 1,316  
(Provision for)/release of reserve for losses (69) 163 (272) 273  
Operating expenses (24,188) (20,048) (47,901) (41,436)  
Total non-interest expense (24,257) (19,885) (48,173) (41,163)  
Core earnings before income taxes 59,287 52,913 119,440 118,412  
Income tax (expense)/benefit (12,075) (11,058) (25,193) (25,104)  
Core earnings before preferred stock dividends 47,212 41,855 94,247 93,308  
Preferred stock dividends (6,791) (6,792) (13,582) (13,583)  
Segment core earnings/(losses) 40,421 35,063 80,665 79,725  
Total Assets 27,659,565 25,895,821 27,659,565 25,895,821 $ 27,333,110
Total on- and off-balance sheet program assets at principal balance 26,737,052 24,479,391 26,737,052 24,479,391  
Reconciling Adjustments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 0 0 0 0  
Less: reconciling adjustments (3,155) 2,968 (1,270) 10,667  
Net effective spread (3,155) 2,968 (1,270) 10,667  
Guarantee and commitment fees (1,092) (1,496) (1,813) (2,358)  
Other income/(expense) 2,042 3,992 2,600 21,078  
Total revenues (2,205) 5,464 (483) 29,387  
Release of/(provision for) losses 0 0 0 0  
(Provision for)/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 (2,205) 5,464 (483) 29,387  
Income tax (expense)/benefit 464 (1,149) 102 (6,171)  
Core earnings before preferred stock dividends (1,741) 4,315 (381) 23,216  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) (1,741) 4,315 (381) 23,216  
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 (2) 610 109 533  
Farm & Ranch | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 35,425 33,670 68,936 65,024  
Less: reconciling adjustments (1,037) (1,080) (2,083) (2,080)  
Net effective spread 34,388 32,590 66,853 62,944  
Guarantee and commitment fees 4,221 4,338 8,513 8,554  
Other income/(expense) 342 161 1,409 561  
Total revenues 38,951 37,089 76,775 72,059  
Release of/(provision for) losses (5) 857 123 347  
(Provision for)/release of reserve for losses (75) 111 (652) 185  
Operating expenses 0 0 0 0  
Total non-interest expense (75) 111 (652) 185  
Core earnings before income taxes 38,871 38,057 76,246 72,591  
Income tax (expense)/benefit (8,163) (7,991) (16,012) (15,243)  
Core earnings before preferred stock dividends 30,708 30,066 60,234 57,348  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 30,708 30,066 60,234 57,348  
Total Assets 14,456,296 13,686,589 14,456,296 13,686,589  
Total on- and off-balance sheet program assets at principal balance 18,116,503 16,591,999 18,116,503 16,591,999  
Corporate AgFinance          
Segment Reporting Information, Profit (Loss) [Abstract]          
Release of/(provision for) losses (328) (677) (4,636) (1,190)  
Corporate AgFinance | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 7,444 6,929 14,592 14,138  
Less: reconciling adjustments 0 0 0 0  
Net effective spread 7,444 6,929 14,592 14,138  
Guarantee and commitment fees 62 43 115 62  
Other income/(expense) 12 143 12 257  
Total revenues 7,518 7,115 14,719 14,457  
Release of/(provision for) losses (327) (650) (4,628) (1,165)  
(Provision for)/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 7,191 6,465 10,091 13,292  
Income tax (expense)/benefit (1,510) (1,357) (2,119) (2,791)  
Core earnings before preferred stock dividends 5,681 5,108 7,972 10,501  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 5,681 5,108 7,972 10,501  
Total Assets 1,584,841 1,521,102 1,584,841 1,521,102  
Total on- and off-balance sheet program assets at principal balance 1,680,756 1,567,311 1,680,756 1,567,311  
Rural  Utilities | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 5,839 3,772 11,379 6,965  
Less: reconciling adjustments (31) (39) (64) (73)  
Net effective spread 5,808 3,733 11,315 6,892  
Guarantee and commitment fees 281 308 562 620  
Other income/(expense) 0 0 0 0  
Total revenues 6,089 4,041 11,877 7,512  
Release of/(provision for) losses (632) 1,172 2,852 2,341  
(Provision for)/release of reserve for losses 6 52 380 88  
Operating expenses 0 0 0 0  
Total non-interest expense 6 52 380 88  
Core earnings before income taxes 5,463 5,265 15,109 9,941  
Income tax (expense)/benefit (1,147) (1,105) (3,173) (2,087)  
Core earnings before preferred stock dividends 4,316 4,160 11,936 7,854  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 4,316 4,160 11,936 7,854  
Total Assets 6,169,811 5,632,551 6,169,811 5,632,551  
Total on- and off-balance sheet program assets at principal balance 6,611,892 6,172,063 6,611,892 6,172,063  
Renewable Energy | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 1,100 468 1,958 843  
Less: reconciling adjustments 0 0 0 0  
Net effective spread 1,100 468 1,958 843  
Guarantee and commitment fees 17 20 45 30  
Other income/(expense) 0 0 0 0  
Total revenues 1,117 488 2,003 873  
Release of/(provision for) losses (110) (8) 28 (210)  
(Provision for)/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 1,007 480 2,031 663  
Income tax (expense)/benefit (211) (101) (426) (139)  
Core earnings before preferred stock dividends 796 379 1,605 524  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 796 379 1,605 524  
Total Assets 314,538 126,513 314,538 126,513  
Total on- and off-balance sheet program assets at principal balance 327,901 148,018 327,901 148,018  
Funding | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 28,402 20,357 60,946 43,760  
Less: reconciling adjustments 4,096 (1,849) 3,290 (8,514)  
Net effective spread 32,498 18,508 64,236 35,246  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 0 0 0 0  
Total revenues 32,498 18,508 64,236 35,246  
Release of/(provision for) losses 0 0 0 0  
(Provision for)/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 32,498 18,508 64,236 35,246  
Income tax (expense)/benefit (6,825) (3,887) (13,490) (7,402)  
Core earnings before preferred stock dividends 25,673 14,621 50,746 27,844  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 25,673 14,621 50,746 27,844  
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 467 (1,282) (76) (1,278)  
Less: reconciling adjustments 127 0 127 0  
Net effective spread 594 (1,282) 51 (1,278)  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 11 0 11 0  
Total revenues 605 (1,282) 62 (1,278)  
Release of/(provision for) losses 1 1 5 3  
(Provision for)/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 606 (1,281) 67 (1,275)  
Income tax (expense)/benefit (127) 269 (14) 268  
Core earnings before preferred stock dividends 479 (1,012) 53 (1,007)  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 479 (1,012) 53 (1,007)  
Total Assets 4,959,243 4,781,990 4,959,243 4,781,990  
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) 44 3 44 3  
Total revenues 44 3 44 3  
Release of/(provision for) losses 0 0 0 0  
(Provision for)/release of reserve for losses 0 0 0 0  
Operating expenses (24,188) (20,048) (47,901) (41,436)  
Total non-interest expense (24,188) (20,048) (47,901) (41,436)  
Core earnings before income taxes (24,144) (20,045) (47,857) (41,433)  
Income tax (expense)/benefit 5,444 4,263 9,939 8,461  
Core earnings before preferred stock dividends (18,700) (15,782) (37,918) (32,972)  
Preferred stock dividends (6,791) (6,792) (13,582) (13,583)  
Segment core earnings/(losses) (25,491) (22,574) (51,500) (46,555)  
Total Assets 174,836 147,076 174,836 147,076  
Total on- and off-balance sheet program assets at principal balance $ 0 $ 0 $ 0 $ 0