Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 13

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 stock units of 53,955 and 36,033, respectively, were outstanding but not included in the computation of diluted earnings per share of common stock because they were anti-dilutive. For the nine months ended September 30, 2025 and 2024, contingent shares of unvested restricted stock units of 28,865 and 29,918, respectively, were outstanding but not included in the computation of diluted earnings per share of common stock because performance conditions had not yet been met.

(b)Comprehensive Income

Comprehensive income represents all changes in stockholders' equity except those resulting from investments by or distributions to stockholders, and is comprised of net income and unrealized gains and losses on available-for-sale securities, certain held-to-maturity securities transferred from the available-for-sale classification, and cash flow hedges, net of related taxes.   

12

The following table presents the changes in accumulated other comprehensive income ("AOCI"), net of tax, by component for the three and nine months ended September 30, 2025 and 2024.Table 1.3As of September 30, 2025As of September 30, 2024Available-for-Sale SecuritiesHeld-to-Maturity SecuritiesCash Flow HedgesTotalAvailable-for-Sale SecuritiesHeld-to-Maturity SecuritiesCash Flow HedgesTotal(in thousands)For the Three Months Ended:Beginning Balance$(32,113)$(9,240)$23,688 $(17,665)$(41,062)$(8,972)$40,893 $(9,141)Other comprehensive income/(loss) before reclassifications14,912 — 309 15,221 20,820 — (9,663)11,157 Amounts reclassified from AOCI(2)(147)(2,838)(2,987)(3)(350)(4,217)(4,570)Net comprehensive income/(loss)14,910 (147)(2,529)12,234 20,817 (350)(13,880)6,587 Ending Balance$(17,203)$(9,387)$21,159 $(5,431)$(20,245)$(9,322)$27,013 $(2,554)For the Nine Months Ended:Beginning Balance$(37,575)$(9,226)$34,654 $(12,147)$(68,447)$(8,724)$37,026 $(40,145)