Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 18

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
    Floating rate auction-rate certificates backed by Government guaranteed student loans$19,700 $— $19,700 $(21)$— $(197)$19,482 Floating rate Government/GSE guaranteed mortgage-backed securities2,326,063 (1,423)2,324,640 — 1,669 (12,459)2,313,850 Fixed rate Government/GSE guaranteed mortgage-backed securities2,967,739 (68,095)2,899,644 — 28,975 (82,498)2,846,121 Fixed rate U.S. Treasuries1,477,292 (6,499)1,470,793 — 6,028 (328)1,476,493 Total available-for-sale6,790,794 (76,017)6,714,777 (21)36,672 (95,482)6,655,946 Held-to-maturity:Floating rate Government/GSE guaranteed mortgage-backed securities(3)8,815 — 8,815 — 286 — 9,101 Total held-to-maturity$8,815 $— $8,815 $— $286 $— $9,101 (1)Amounts presented exclude $30.9 million of accrued interest receivable on investment securities as of September 30, 2025.(2)Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in the Consolidated Statement of Operations as a provision for losses. Amount excludes unrealized losses relating to non-credit factors.(3)The held-to-maturity investment securities had a weighted average yield of 6.4% as of September 30, 2025.  

17

 As of December 31, 2024Amount OutstandingUnamortized Premium/(Discount)AmortizedCost(1)Allowance for losses(2)UnrealizedGainsUnrealizedLossesFair Value (in thousands)Available-for-sale:    Floating rate auction-rate certificates backed by Government guaranteed student loans$19,700 $— $19,700 $(27)$— $(197)$19,476 Floating rate Government/GSE guaranteed mortgage-backed securities2,317,032 (841)2,316,191 — 3,484 (13,950)