Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 188

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 188
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274,551 $14,479,983 $11,166,984 $2,037,654 $13,204,638 (1)Unpaid principal balance is the basis of presentation in disclosures of outstanding balances for Farmer Mac's lines of business. Allowance for LossesThe following table is a summary, by asset type, of the allowance for losses as of June 30, 2025 and December 31, 2024:Table 5.2June 30, 2025December 31, 2024Allowance for LossesAllowance for Losses(in thousands)Loans:Agricultural Finance loansFarm & Ranch$6,635 $5,132 Corporate AgFinance6,943 5,379 Total Agricultural Finance loans13,578 10,511 Infrastructure Finance loans16,378 12,712 Total$29,956 $23,223 

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The following is a summary of the changes in the allowance for losses for the three and six months ended June 30, 2025 and 2024:Table 5.3June 30, 2025June 30, 2024Agricultural Finance loansInfrastructureFinance loans(3)Agricultural Finance loansInfrastructureFinance loans(3)Farm & Ranch(1)Corporate AgFinance(2)TotalFarm & Ranch(1)Corporate AgFinance(2)Total(in thousands)For the Three Months EndedBeginning Balance$5,071 $6,298 $11,369 $13,687 $4,535 $2,569 $7,104 $7,184 Provision for losses 4,404 605 5,009 2,691 242 5,387 5,629 626 Charge-offs(2,840)— (2,840)— (101)(3,942)(4,043)— Recovery— 40 40 — — — — — Ending Balance$6,635 $6,943 $13,578 $16,378 $4,676 $4,014 $8,690 $7,810 For the Six Months EndedBeginning Balance$5,132 $5,379 $10,511 $12,712 $3,936 $2,948 $6,884 $9,147 Provision for