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Business Segment Reporting - Core Earnings (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
segment
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting [Abstract]          
Number of operating segments | segment     7    
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income $ 87,643 $ 67,853 $ 245,378 $ 197,305  
Guarantee and commitment fees 5,520 2,643 12,942 9,551  
Other income/(expense) 3,940 1,382 8,016 23,281  
Total revenues 97,103 71,878 266,336 230,137  
Release of/(provision for) losses 136 (617) (1,484) 699  
Release of/(provision for) reserve for losses 45 167 (227) 440  
Operating expenses (24,034) (19,379) (71,935) (60,815)  
Total non-interest expense (23,989) (19,212) (72,162) (60,375)  
Core earnings before income taxes 73,250 52,049 192,690 170,461  
Income tax (expense)/benefit (15,113) (10,631) (40,306) (35,735)  
Core earnings before preferred stock dividends 58,137 41,418 152,384 134,726  
Preferred stock dividends (6,792) (6,791) (20,374) (20,374)  
Segment core earnings/(losses) 51,345 34,627 132,010 114,352  
Total Assets 28,311,381 26,441,588 28,311,381 26,441,588 $ 27,333,110
Total on- and off-balance sheet program assets at principal balance 27,652,011 25,326,638 27,652,011 25,326,638  
Reconciling Adjustments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 0 0 0 0  
Less: reconciling adjustments 4,219 2,212 2,949 12,879  
Net effective spread 4,219 2,212 2,949 12,879  
Guarantee and commitment fees 692 (1,558) (1,121) (3,916)  
Other income/(expense) 2,884 909 5,484 21,987  
Total revenues 7,795 1,563 7,312 30,950  
Release of/(provision for) losses 0 0 0 0  
Release of/(provision for) 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 7,795 1,563 7,312 30,950  
Income tax (expense)/benefit (1,638) (328) (1,536) (6,499)  
Core earnings before preferred stock dividends 6,157 1,235 5,776 24,451  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 6,157 1,235 5,776 24,451  
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 25 153 134 686  
Farm & Ranch | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 33,735 34,173 102,671 99,197  
Less: reconciling adjustments (1,017) (830) (3,100) (2,910)  
Net effective spread 32,718 33,343 99,571 96,287  
Guarantee and commitment fees 4,447 3,833 12,960 12,387  
Other income/(expense) 807 469 2,216 1,030  
Total revenues 37,972 37,645 114,747 109,704  
Release of/(provision for) losses 13 93 136 440  
Release of/(provision for) reserve for losses 58 139 (594) 324  
Operating expenses 0 0 0 0  
Total non-interest expense 58 139 (594) 324  
Core earnings before income taxes 38,043 37,877 114,289 110,468  
Income tax (expense)/benefit (7,989) (7,953) (24,001) (23,196)  
Core earnings before preferred stock dividends 30,054 29,924 90,288 87,272  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 30,054 29,924 90,288 87,272  
Total Assets 14,660,371 14,113,686 14,660,371 14,113,686  
Total on- and off-balance sheet program assets at principal balance 18,461,835 17,199,347 18,461,835 17,199,347  
Corporate AgFinance          
Segment Reporting Information, Profit (Loss) [Abstract]          
Release of/(provision for) losses 3,689 (334) (947) (1,524)  
Corporate AgFinance | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 8,250 7,600 22,842 21,738  
Less: reconciling adjustments 0 0 0 0  
Net effective spread 8,250 7,600 22,842 21,738  
Guarantee and commitment fees 78 46 193 108  
Other income/(expense) 0 4 12 261  
Total revenues 8,328 7,650 23,047 22,107  
Release of/(provision for) losses 3,694 (333) (934) (1,498)  
Release of/(provision for) 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 12,022 7,317 22,113 20,609  
Income tax (expense)/benefit (2,525) (1,536) (4,644) (4,327)  
Core earnings before preferred stock dividends 9,497 5,781 17,469 16,282  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 9,497 5,781 17,469 16,282  
Total Assets 1,619,664 1,558,139 1,619,664 1,558,139  
Total on- and off-balance sheet program assets at principal balance 1,741,306 1,634,786 1,741,306 1,634,786  
Rural  Utilities | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 6,393 4,253 17,772 11,218  
Less: reconciling adjustments (31) (33) (95) (106)  
Net effective spread 6,362 4,220 17,677 11,112  
Guarantee and commitment fees 279 309 841 929  
Other income/(expense) 0 0 0 0  
Total revenues 6,641 4,529 18,518 12,041  
Release of/(provision for) losses (3,504) (414) (652) 1,927  
Release of/(provision for) reserve for losses (13) 28 367 116  
Operating expenses 0 0 0 0  
Total non-interest expense (13) 28 367 116  
Core earnings before income taxes 3,124 4,143 18,233 14,084  
Income tax (expense)/benefit (656) (869) (3,829) (2,956)  
Core earnings before preferred stock dividends 2,468 3,274 14,404 11,128  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 2,468 3,274 14,404 11,128  
Total Assets 6,648,693 5,779,300 6,648,693 5,779,300  
Total on- and off-balance sheet program assets at principal balance 7,118,295 6,296,263 7,118,295 6,296,263  
Renewable Energy | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 1,150 705 3,108 1,548  
Less: reconciling adjustments 0 0 0 0  
Net effective spread 1,150 705 3,108 1,548  
Guarantee and commitment fees 24 13 69 43  
Other income/(expense) 0 0 0 0  
Total revenues 1,174 718 3,177 1,591  
Release of/(provision for) losses (66) 26 (38) (184)  
Release of/(provision for) 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 1,108 744 3,139 1,407  
Income tax (expense)/benefit (233) (156) (659) (295)  
Core earnings before preferred stock dividends 875 588 2,480 1,112  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 875 588 2,480 1,112  
Total Assets 320,572 186,832 320,572 186,832  
Total on- and off-balance sheet program assets at principal balance 330,575 196,242 330,575 196,242  
Funding | Operating Segments          
Segment Reporting Information, Profit (Loss) [Abstract]          
Net interest income 37,642 23,913 98,588 67,673  
Less: reconciling adjustments (3,230) (1,349) 60 (9,863)  
Net effective spread 34,412 22,564 98,648 57,810  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 3 0 3 0  
Total revenues 34,415 22,564 98,651 57,810  
Release of/(provision for) losses 0 0 0 0  
Release of/(provision for) 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 34,415 22,564 98,651 57,810  
Income tax (expense)/benefit (7,226) (4,739) (20,716) (12,141)  
Core earnings before preferred stock dividends 27,189 17,825 77,935 45,669  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 27,189 17,825 77,935 45,669  
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 473 (2,791) 397 (4,069)  
Less: reconciling adjustments 59 0 186 0  
Net effective spread 532 (2,791) 583 (4,069)  
Guarantee and commitment fees 0 0 0 0  
Other income/(expense) 6 0 17 0  
Total revenues 538 (2,791) 600 (4,069)  
Release of/(provision for) losses (1) 11 4 14  
Release of/(provision for) 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 537 (2,780) 604 (4,055)  
Income tax (expense)/benefit (113) 584 (127) 852  
Core earnings before preferred stock dividends 424 (2,196) 477 (3,203)  
Preferred stock dividends 0 0 0 0  
Segment core earnings/(losses) 424 (2,196) 477 (3,203)  
Total Assets 4,866,969 4,608,868 4,866,969 4,608,868  
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) 240 0 284 3  
Total revenues 240 0 284 3  
Release of/(provision for) losses 0 0 0 0  
Release of/(provision for) reserve for losses 0 0 0 0  
Operating expenses (24,034) (19,379) (71,935) (60,815)  
Total non-interest expense (24,034) (19,379) (71,935) (60,815)  
Core earnings before income taxes (23,794) (19,379) (71,651) (60,812)  
Income tax (expense)/benefit 5,267 4,366 15,206 12,827  
Core earnings before preferred stock dividends (18,527) (15,013) (56,445) (47,985)  
Preferred stock dividends (6,792) (6,791) (20,374) (20,374)  
Segment core earnings/(losses) (25,319) (21,804) (76,819) (68,359)  
Total Assets 195,112 194,763 195,112 194,763  
Total on- and off-balance sheet program assets at principal balance $ 0 $ 0 $ 0 $ 0