Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 23

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 above are principally due to changes in interest rates from the date of acquisition to June 30, 2025 and December 31, 2024, as applicable.The credit exposure related to Farmer Mac's USDA Securities in the Agricultural Finance line of business is covered by the full faith and credit guarantee of the United States of America. The unrealized losses from AgVantage securities were on 56 and 66 available-for-sale securities as of June 30, 2025 and December 31, 2024, respectively. There were 33 and 45 held-to-maturity AgVantage securities with an unrealized loss as of June 30, 2025 and December 31, 2024, respectively. As of June 30, 2025 and December 31, 2024, 50 and 54 available-for-sale AgVantage securities had been in a loss position for more than 12 months, respectively. As of June 30, 2025 and December 31, 2024, there were 19 and 26 held-to-maturity AgVantage securities, respectively, in a loss position for more than 12 months. During the three and six months ended June 30, 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. 

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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 June 30, 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 June 30, 2025Available-for-Sale SecuritiesAmortizedCost(1)Fair ValueWeighted-AverageYield (dollars in thousands)Due within one year$975,356 $972,539 4.47 %Due after one year through five years2,952,494 2,913,050 3.77 %Due after five years through ten years1,070,000 992,839 3.53 %Due after ten years944,619 853,075 4.00 %Total$5,942,469 $5,731,503