Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 140

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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 America. The unrealized losses from AgVantage securities were on 56 and 66 available-for-sale securities as of March 31, 2025 and December 31, 2024, respectively. There were 37 and 45 held-to-maturity AgVantage securities with an unrealized loss as of March 31, 2025 and December 31, 2024, respectively. As of March 31, 2025 and December 31, 2024, 51 and 54 available-for-sale AgVantage securities had been in a loss position for more than 12 months, respectively. As of March 31, 2025 and December 31, 2024, there were 28 and 26 held-to-maturity AgVantage securities, respectively, in a loss position for more than 12 months. During the three months ended March 31, 2025 and 2024, Farmer Mac had no sales of AgVantage Farmer Mac Guaranteed Securities, USDA Farmer Mac Guaranteed Securities or USDA Trading Securities and, therefore, Farmer Mac realized no gains or losses. 

18

The amortized cost, fair value, and weighted-average yield of available-for-sale and held-to-maturity Farmer Mac Guaranteed Securities and USDA Securities by remaining contractual maturity as of March 31, 2025 are set forth below. The balances presented are based on their contractual maturities, although the actual maturities may differ due to prepayments of the underlying assets.Table 3.3As of March 31, 2025Available-for-Sale SecuritiesAmortizedCost(1)Fair ValueWeighted-AverageYield (dollars in thousands)Due within one year$781,516 $778,790 4.55 %Due after one year through five years2,947,494 2,892,428 3.77 %Due after five years through ten years1,180,000 1,089,435 3.55 %Due after ten years950,620 862,731 3.99 %Total$5,859,630 $5,623,384 3.86 %(1)Amounts presented exclude $59.3 million of accrued interest receivable.As of March 31, 2025Held-to-Maturity SecuritiesAmortizedCost(1)Fair ValueWeighted-AverageYield (dollars in thousands)Due within