Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 28

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 LoansTotal Interest ExpenseLosses on financial derivatives(in thousands)Total amounts presented in the Consolidated Statement of Operations:$84,538 $166,063 $153,105 $(316,366)$(1,799)$85,541 Income/(expense) related to interest settlements on fair value hedging relationships:Recognized on derivatives10,408 39,134 17,827 (76,659)— (9,290)Recognized on hedged items10,309 52,651 16,705 (107,290)— (27,625)Premium/discount amortization recognized on hedged items487 — — (721)— (234)Income/(expense) related to interest settlements on fair value hedging relationships$21,204 $91,785 $34,532 $(184,670)$— $(37,149)Gains/(losses) on fair value hedging relationships:Recognized on derivatives$3,460 $6,926 $13,188 $30,872 $— $54,446 Recognized on hedged items(3,361)(6,508)(12,112)(29,861)— (51,842)Gains/(losses) on fair value hedging relationships$99 $418 $1,076 $1,011 $— $2,604 Expense related to interest settlements on cash flow hedging relationships:Interest settlements reclassified from AOCI into net income on derivatives$— $— $— $5,393 $— $5,393 Recognized on hedged items— — — (8,014)— (8,014)Discount amortization recognized on hedged items— — — (14)— (14)Expense recognized on cash flow hedges$— $— $— $(2,635)$— $(2,635)Losses on financial derivatives not designated in hedge relationships:Losses on interest rate swaps$— $— $— $— $(26)$(26)Interest expense on interest rate swaps— — — — (486)(486)Treasury futures— — — — (1,287)(1,287)Losses on financial derivatives not designated in hedge relationships$— $— $— $— $(1