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FINANCIAL DERIVATIVES - Schedule of Net Income/(Expense) Recognized (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]        
Interest Income Investments and Cash Equivalents $ 88,985 $ 84,538 $ 172,293 $ 169,462
Interest Income Loans 185,039 153,105 356,803 297,685
Total Interest Expense (302,225) (316,366) (592,700) (626,315)
Gains (losses) on financial derivatives 80 (1,799) (2,556) 280
Interest expense on interest rate swaps 5,837 2,526 9,217 9,840
Designated as hedge        
Derivative Instruments, Gain (Loss) [Line Items]        
Interest Income Investments and Cash Equivalents 88,985 84,538 172,293 169,462
Interest Income Farmer Mac Guaranteed Securities and USDA Securities 124,998 166,063 251,340 332,876
Interest Income Loans 185,039 153,105 356,803 297,685
Total Interest Expense (302,225) (316,366) (592,700) (626,315)
Gains (losses) on financial derivatives 80 (1,799) (2,556) 280
Total 96,877 85,541 185,180 173,988
Designated as hedge | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (9,809) (27,625) (25,718) (55,808)
Premium/discount amortization recognized on hedged items 73 (234) (156) (535)
Gains/(losses) on fair value hedging relationships, recognized on hedged items 25,239 (51,842) 111,787 (151,678)
Gains/(losses) on fair value hedging relationships 2,709 2,604 3,808 5,606
Designated as hedge | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items (38) (14) (38) (27)
Interest settlements reclassified from AOCI into net income on derivatives 3,746 5,393 7,571 10,824
Recognized on hedged items (6,108) (8,014) (12,453) (16,105)
Expense recognized on cash flow hedges (2,400) (2,635) (4,920) (5,308)
Designated as hedge | Interest Income Investments and Cash Equivalents | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 14,101 10,309 27,231 20,257
Premium/discount amortization recognized on hedged items 796 487 1,227 933
Gains/(losses) on fair value hedging relationships, recognized on hedged items 19,271 (3,361) 53,249 (30,882)
Gains/(losses) on fair value hedging relationships 11 99 (20) 368
Designated as hedge | Interest Income Investments and Cash Equivalents | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Designated as hedge | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 56,672 52,651 112,543 104,356
Premium/discount amortization recognized on hedged items 0 0 0 0
Gains/(losses) on fair value hedging relationships, recognized on hedged items 37,769 (6,508) 119,787 (87,251)
Gains/(losses) on fair value hedging relationships 293 418 (175) 1,261
Designated as hedge | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Designated as hedge | Interest Income Loans | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 19,633 16,705 38,601 33,302
Premium/discount amortization recognized on hedged items 0 0 0 0
Gains/(losses) on fair value hedging relationships, recognized on hedged items 8,860 (12,112) 53,840 (59,173)
Gains/(losses) on fair value hedging relationships 833 1,076 1,259 2,195
Designated as hedge | Interest Income Loans | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Designated as hedge | Total Interest Expense | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items (100,215) (107,290) (204,093) (213,723)
Premium/discount amortization recognized on hedged items (723) (721) (1,383) (1,468)
Gains/(losses) on fair value hedging relationships, recognized on hedged items (40,661) (29,861) (115,089) 25,628
Gains/(losses) on fair value hedging relationships 1,572 1,011 2,744 1,782
Designated as hedge | Total Interest Expense | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items (38) (14) (38) (27)
Interest settlements reclassified from AOCI into net income on derivatives 3,746 5,393 7,571 10,824
Recognized on hedged items (6,108) (8,014) (12,453) (16,105)
Expense recognized on cash flow hedges (2,400) (2,635) (4,920) (5,308)
Designated as hedge | Losses on financial derivatives | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on hedged items 0 0 0 0
Premium/discount amortization recognized on hedged items 0 0 0 0
Gains/(losses) on fair value hedging relationships, recognized on hedged items 0 0 0 0
Gains/(losses) on fair value hedging relationships 0 0 0 0
Designated as hedge | Losses on financial derivatives | Cash flow hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Premium/discount amortization recognized on hedged items 0 0 0 0
Interest settlements reclassified from AOCI into net income on derivatives 0 0 0 0
Recognized on hedged items 0 0 0 0
Expense recognized on cash flow hedges 0 0 0 0
Designated as hedge | Interest Rate Swap | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 13,730 (9,290) 26,764 (24,362)
Income/(expense) related to interest settlements on fair value hedging relationships 3,994 (37,149) 890 (80,705)
Gains/(losses) on fair value hedging relationships, recognized on derivatives (22,530) 54,446 (107,979) 157,284
Designated as hedge | Interest Rate Swap | Interest Income Investments and Cash Equivalents | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 7,261 10,408 14,346 20,705
Income/(expense) related to interest settlements on fair value hedging relationships 22,158 21,204 42,804 41,895
Gains/(losses) on fair value hedging relationships, recognized on derivatives (19,260) 3,460 (53,269) 31,250
Designated as hedge | Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 21,746 39,134 43,805 79,467
Income/(expense) related to interest settlements on fair value hedging relationships 78,418 91,785 156,348 183,823
Gains/(losses) on fair value hedging relationships, recognized on derivatives (37,476) 6,926 (119,962) 88,512
Designated as hedge | Interest Rate Swap | Interest Income Loans | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 12,499 17,827 24,883 35,676
Income/(expense) related to interest settlements on fair value hedging relationships 32,132 34,532 63,484 68,978
Gains/(losses) on fair value hedging relationships, recognized on derivatives (8,027) 13,188 (52,581) 61,368
Designated as hedge | Interest Rate Swap | Total Interest Expense | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives (27,776) (76,659) (56,270) (160,210)
Income/(expense) related to interest settlements on fair value hedging relationships (128,714) (184,670) (261,746) (375,401)
Gains/(losses) on fair value hedging relationships, recognized on derivatives 42,233 30,872 117,833 (23,846)
Designated as hedge | Interest Rate Swap | Losses on financial derivatives | Fair value hedges:        
Derivative Instruments, Gain (Loss) [Line Items]        
Recognized on derivatives 0 0 0 0
Income/(expense) related to interest settlements on fair value hedging relationships 0 0 0 0
Gains/(losses) on fair value hedging relationships, recognized on derivatives 0 0 0 0
No hedge designation        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 80 (1,799) (2,556) 280
No hedge designation | Interest Income Investments and Cash Equivalents        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Interest Income Farmer Mac Guaranteed Securities and USDA Securities        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Interest Income Loans        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Total Interest Expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Losses on financial derivatives        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 80 (1,799) (2,556) 280
No hedge designation | Interest Rate Swap        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives (834) (26) (3,537) 729
Interest expense on interest rate swaps (208) (486) 110 (521)
No hedge designation | Interest Rate Swap | Interest Income Investments and Cash Equivalents        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
Interest expense on interest rate swaps 0 0 0 0
No hedge designation | Interest Rate Swap | Interest Income Farmer Mac Guaranteed Securities and USDA Securities        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
Interest expense on interest rate swaps 0 0 0 0
No hedge designation | Interest Rate Swap | Interest Income Loans        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
Interest expense on interest rate swaps 0 0 0 0
No hedge designation | Interest Rate Swap | Total Interest Expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
Interest expense on interest rate swaps 0 0 0 0
No hedge designation | Interest Rate Swap | Losses on financial derivatives        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives (834) (26) (3,537) 729
Interest expense on interest rate swaps (208) (486) 110 (521)
No hedge designation | Treasury futures        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 1,122 (1,287) 871 72
No hedge designation | Treasury futures | Interest Income Investments and Cash Equivalents        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Treasury futures | Interest Income Farmer Mac Guaranteed Securities and USDA Securities        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Treasury futures | Interest Income Loans        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Treasury futures | Total Interest Expense        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives 0 0 0 0
No hedge designation | Treasury futures | Losses on financial derivatives        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains (losses) on financial derivatives $ 1,122 $ (1,287) $ 871 $ 72