CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 842,056	$ 888,707
Loans:
Loans held for investment, at amortized cost	10,668,844	9,623,119
Loans held for investment in consolidated trusts, at amortized cost	1,718,440	1,432,261
Allowance for losses	(19,951)	(16,031)
Total loans, net of allowance	12,367,333	11,039,349
Financial derivatives, at fair value	49,197	37,478
Accrued interest receivable (includes $14,781 and $16,764, respectively, related to consolidated trusts)	253,102	287,128
Guarantee and commitment fees receivable	46,077	49,832
Deferred tax asset, net	0	8,470
Prepaid expenses and other assets	94,186	132,954
Total Assets	30,615,221	29,524,382
Liabilities:
Notes payable	27,129,456	26,336,542
Debt securities of consolidated trusts held by third parties	1,616,513	1,351,069
Financial derivatives, at fair value	64,351	117,131
Accrued interest payable (includes $8,236 and $9,407, respectively, related to consolidated trusts)	214,644	181,841
Guarantee and commitment obligation	43,939	47,563
Accounts payable and accrued expenses	81,697	76,662
Deferred tax liability, net	754	0
Reserve for losses	1,523	1,711
Total Liabilities	29,152,877	28,112,519
Commitments and Contingencies (Note 6)
Common stock:
Additional paid-in capital	135,225	132,919
Accumulated other comprehensive loss, net of tax	(2,554)	(40,145)
Retained earnings	907,639	823,716
Total Equity	1,462,344	1,411,863
Total Liabilities and Equity	30,615,221	29,524,382
Series C
Preferred stock:
Preferred stock	0	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	9,354	9,311
Investment securities
Assets:
Available-for-sale, at fair value	5,877,936	4,918,931
Held-to-maturity, at amortized cost	9,270	53,756
Other investments	8,587	6,817
Total Securities	5,895,793	4,979,504
Farmer Mac Guaranteed Securities
Assets:
Available-for-sale, at fair value	5,761,691	5,532,479
Held-to-maturity, at amortized cost	2,961,071	4,213,069
Total Securities	8,722,762	9,745,548
USDA Securities
Assets:
Trading, at fair value	842	1,241
Held-to-maturity, at amortized cost	2,343,873	2,354,171
Total Securities	$ 2,344,715	$ 2,355,412