CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net Income	$ 126,074	$ 104,488
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of deferred gains, premiums, and discounts on loans, investments, Farmer Mac Guaranteed Securities, and USDA Securities	(10,491)	(11,195)
Net amortization of debt premiums, discounts, and issuance costs	(2,635)	4,438
Net change in fair value of hedged items, financial derivatives, loans held for sale, and trading securities	62,464	(152,332)
Total provision for allowance for losses	12,196	9,395
Stock-based compensation expense	5,327	5,274
Purchases of loans held for sale	0	(7,770)
Proceeds from repayment of loans purchased as held for sale	8,154	22,583
Purchases of tax credits	(60,144)	(32,399)
Other	(3,313)	(1,272)
Net change in:
Interest receivable	(20,524)	(9,655)
Guarantee and commitment fees receivable	(476)	(57)
Other assets	18,756	57,294
Accrued interest payable	34,714	15,497
Custodial deposit liability	(12,835)	(107,428)
Other liabilities	(24,812)	5,598
Net cash provided by operating activities	132,455	(97,541)
Cash flows from investing activities:
Purchases of other investment securities	(3,104)	(3,240)
Purchases of loans held for investment	(3,269,691)	(2,205,600)
Purchases of defaulted loans	(5,173)	(2,544)
Proceeds from repayment of loans purchased as held for investment	1,407,218	1,021,373
Proceeds from sale of real estate owned	1,862	725
Proceeds from sale of loans previously classified as held for investment	0	6,045
Net cash used in investing activities	(3,859,775)	(1,382,439)
Cash flows from financing activities:
Proceeds from issuance of notes payable	49,857,993	42,960,075
Proceeds from issuance of debt securities of consolidated trusts	0	286,511
Payments to redeem notes payable	(45,885,769)	(41,601,968)
Payments to third parties on debt securities of consolidated trusts	(174,434)	(109,353)
Purchases of common stock	(7,106)	0
Proceeds from common stock issuance	121	159
Proceeds from preferred stock issuance, net of stock issuance costs	96,764	0
Tax payments related to share-based awards	(3,942)	(5,036)
Dividends paid on common and preferred stock	(49,283)	(44,086)
Net cash provided by financing activities	3,834,344	1,486,302
Net change in cash and cash equivalents	107,024	6,322
Cash, cash equivalents, and restricted cash at beginning of period	931,067	1,024,007
Cash, cash equivalents, and restricted cash at end of period	1,038,091	1,030,329
Non-cash activity:
Loans acquired through non-cash transactions	28,957	41,156
Loans held for investment transferred to consolidated trusts	0	299,270
Available-for-sale securities
Cash flows from investing activities:
Purchases of available-for-sale investment securities	(2,411,274)	(1,695,092)
Proceeds from repayment of available-for-sale investment securities	980,876	945,283
Farmer Mac Guaranteed Securities and USDA Securities
Cash flows from investing activities:
Purchases of held-to-maturity investment securities	(1,172,334)	(213,730)
Proceeds from repayment of held-to-maturity investment securities	$ 611,845	$ 764,341