v3.26.1
BUSINESS SEGMENT REPORTING - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting [Line Items]              
Interest income $ 450,260   $ 399,022   $ 866,221 $ 780,436  
(Interest expense)/benefit (332,185)   (302,225)   (646,750) (592,700)  
Less: reconciling adjustments (637)   (2,904)   (34) (3,853)  
Net effective spread 117,438   93,893   219,437 183,883  
Guarantee and commitment fees 7,044   5,874   13,759 11,362  
Other income/(expense) 896   680   1,715 1,924  
Provision for losses (7,369)   (7,812)   (12,196) (9,395)  
Operating expenses (20,984)   (17,279)   (39,567) (33,513)  
Income tax expense (20,376)   (15,825)   (38,262) (32,394)  
Segment core earnings 76,649   59,531   144,886 121,867  
Reconciliation to net income:              
Net effects of derivatives and trading securities 115   2,260   186 (275)  
Unallocated (expenses)/income (15,304)   (12,185)   (30,063) (25,430)  
Income tax effect related to reconciling items 5,491   5,231   11,065 8,326  
Net income 66,951 $ 59,123 54,837 $ 49,651 126,074 104,488  
Total on- and off-balance sheet segment assets at principal balance 37,197,138   30,587,259   37,197,138 30,587,259  
Off-balance sheet assets under management (6,026,228)   (5,257,348)   (6,026,228) (5,257,348)  
Unallocated assets 8,119,282   7,665,998   8,119,282 7,665,998  
Total Assets 39,290,192   32,995,909   39,290,192 32,995,909 $ 35,370,157
Operating Segments | Farm & Ranch              
Segment Reporting [Line Items]              
Interest income 186,369   152,218   355,361 301,899  
(Interest expense)/benefit (145,286)   (115,524)   (275,677) (230,313)  
Net effective spread 40,063   35,710   77,736 69,595  
Guarantee and commitment fees 4,968   4,551   9,920 9,102  
Other income/(expense) 928   313   1,803 1,535  
Provision for losses (3,333)   (4,494)   (6,192) (4,301)  
Operating expenses (9,286)   (7,020)   (17,451) (13,615)  
Income tax expense (7,001)   (6,101)   (13,621) (13,083)  
Segment core earnings 26,339   22,959   52,195 49,233  
Reconciliation to net income:              
Total on- and off-balance sheet segment assets at principal balance 21,987,822   18,217,905   21,987,822 18,217,905  
Operating Segments | Corporate AgFinance              
Segment Reporting [Line Items]              
Interest income 33,344   25,484   58,513 50,606  
(Interest expense)/benefit (16,575)   (16,875)   (32,805) (33,357)  
Net effective spread 16,769   8,609   25,708 17,249  
Guarantee and commitment fees 243   224   510 421  
Other income/(expense) 15   345   15 345  
Provision for losses (524)   (614)   (2,544) (1,442)  
Operating expenses (2,356)   (2,378)   (4,836) (4,511)  
Income tax expense (2,971)   (1,300)   (3,959) (2,535)  
Segment core earnings 11,176   4,886   14,894 9,527  
Reconciliation to net income:              
Total on- and off-balance sheet segment assets at principal balance 2,082,762   1,953,523   2,082,762 1,953,523  
Operating Segments | Power & Utilities              
Segment Reporting [Line Items]              
Interest income 76,362   67,447   150,226 132,442  
(Interest expense)/benefit (69,377)   (61,786)   (136,707) (121,424)  
Net effective spread 6,962   5,636   13,453 10,965  
Guarantee and commitment fees 196   215   396 436  
Other income/(expense) 0   0   0 0  
Provision for losses (368)   (73)   (307) (150)  
Operating expenses (1,258)   (1,156)   (2,355) (2,279)  
Income tax expense (1,162)   (970)   (2,350) (1,883)  
Segment core earnings 4,370   3,652   8,837 7,089  
Reconciliation to net income:              
Total on- and off-balance sheet segment assets at principal balance 8,266,639   7,300,354   8,266,639 7,300,354  
Operating Segments | Broadband Infrastructure              
Segment Reporting [Line Items]              
Interest income 18,006   12,159   34,130 22,992  
(Interest expense)/benefit (11,428)   (8,227)   (21,724) (15,494)  
Net effective spread 6,578   3,932   12,406 7,498  
Guarantee and commitment fees 1,081   564   1,956 900  
Other income/(expense) (25)   0   (81) 0  
Provision for losses (1,987)   (666)   (1,940) (437)  
Operating expenses (1,881)   (1,274)   (3,586) (2,326)  
Income tax expense (790)   (537)   (1,838) (1,184)  
Segment core earnings 2,976   2,019   6,917 4,451  
Reconciliation to net income:              
Total on- and off-balance sheet segment assets at principal balance 1,851,902   1,174,441   1,851,902 1,174,441  
Operating Segments | Renewable Energy              
Segment Reporting [Line Items]              
Interest income 35,893   23,494   67,852 43,809  
(Interest expense)/benefit (25,120)   (17,267)   (48,000) (32,470)  
Net effective spread 10,773   6,227   19,852 11,339  
Guarantee and commitment fees 556   320   977 503  
Other income/(expense) (22)   8   (22) 8  
Provision for losses (1,157)   (1,964)   (1,213) (3,064)  
Operating expenses (2,221)   (1,560)   (4,111) (3,268)  
Income tax expense (1,665)   (637)   (3,251) (1,159)  
Segment core earnings 6,264   2,394   12,232 4,359  
Reconciliation to net income:              
Total on- and off-balance sheet segment assets at principal balance 3,008,013   1,941,036   3,008,013 1,941,036  
Operating Segments | Funding              
Segment Reporting [Line Items]              
Interest income 17,968   35,619   37,171 68,597  
(Interest expense)/benefit 16,855   (1,920)   28,967 (3,380)  
Net effective spread 35,229   31,668   67,876 63,272  
Guarantee and commitment fees 0   0   0 0  
Other income/(expense) 0   0   0 0  
Provision for losses 0   0   0 0  
Operating expenses (2,969)   (3,003)   (5,391) (5,803)  
Income tax expense (6,776)   (6,020)   (13,123) (12,069)  
Segment core earnings 25,484   22,645   49,362 45,400  
Reconciliation to net income:              
Total on- and off-balance sheet segment assets at principal balance 0   0   0 0  
Operating Segments | Investments              
Segment Reporting [Line Items]              
Interest income 82,318   82,601   162,968 160,091  
(Interest expense)/benefit (81,254)   (80,626)   (160,804) (156,262)  
Net effective spread 1,064   2,111   2,406 3,965  
Guarantee and commitment fees 0   0   0 0  
Other income/(expense) 0   14   0 36  
Provision for losses 0   (1)   0 (1)  
Operating expenses (1,013)   (888)   (1,837) (1,711)  
Income tax expense (11)   (260)   (120) (481)  
Segment core earnings 40   976   449 1,808  
Reconciliation to net income:              
Total on- and off-balance sheet segment assets at principal balance 0   0   0 0  
Reconciling Adjustments | Farm & Ranch              
Segment Reporting [Line Items]              
Less: reconciling adjustments (1,020)   (984)   (1,948) (1,991)  
Reconciling Adjustments | Corporate AgFinance              
Segment Reporting [Line Items]              
Less: reconciling adjustments 0   0   0 0  
Reconciling Adjustments | Power & Utilities              
Segment Reporting [Line Items]              
Less: reconciling adjustments (23)   (25)   (66) (53)  
Reconciling Adjustments | Broadband Infrastructure              
Segment Reporting [Line Items]              
Less: reconciling adjustments 0   0   0 0  
Reconciling Adjustments | Renewable Energy              
Segment Reporting [Line Items]              
Less: reconciling adjustments 0   0   0 0  
Reconciling Adjustments | Funding              
Segment Reporting [Line Items]              
Less: reconciling adjustments 406   (2,031)   1,738 (1,945)  
Reconciling Adjustments | Investments              
Segment Reporting [Line Items]              
Less: reconciling adjustments $ 0   $ 136   $ 242 $ 136