Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 137

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 137
---
 USDA Securities49,682 25 49,707 — 344 (1,013)49,038 Total Farmer Mac Guaranteed Securities2,477,866 (26,297)2,451,569 (162)10,311 (15,503)2,446,215 USDA Securities2,358,530 18,160 2,376,690 — 4,824 (210,102)2,171,412 Total held-to-maturity$4,836,396 $(8,137)$4,828,259 $(162)$15,135 $(225,605)$4,617,627 Available-for-sale:    AgVantage$5,851,094 $— $5,851,094 $(186)$16,400 $(252,796)$5,614,512 Farmer Mac Guaranteed Securities(3)— 8,536 8,536 — 336 — 8,872 Total available-for-sale$5,851,094 $8,536 $5,859,630 $(186)$16,736 $(252,796)$5,623,384 Trading:    USDA Securities(4)$645 $36 $681 $— $— $(30)$651 (1)Amounts presented exclude $59.3 million and $47.7 million of accrued interest receivable on available-for-sale and held-to-maturity securities, respectively, as of March 31, 2025.(2)Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in the statement of financial operations as a provision for losses. Amount excludes unrealized losses relating to non-credit factors.(3)Fair value includes $8.9 million of an interest-only security with a notional amount of $222.1 million.(4)The trading USDA securities had a weighted average yield of 5.68% as of March 31, 2025.

16

 As of December 31, 2024Unpaid Principal BalanceUnamortized Premium/(Discount)AmortizedCost(1)Allowance for losses(2)UnrealizedGainsUnrealizedLossesFair Value (in thousands)Held-to-maturity:AgVantage$2,694,492 $(26,928)$2,667