Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 209

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 209
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)(24,490)(53,356)(5,066)(242,052)(909,564)Less: reconciling adjustments(2)(3)(3,090)— (79)— — (1,621)229 (4,561)Net effective spread104,435 26,296 16,875 11,877 19,069 98,049 5,051 281,652 Guarantee and commitment fees(3)13,674 639 648 1,601 932 — — 17,494 Other income/(expense)2,615 456 (7)— 8 — 35 3,107 (Provision for)/release of losses(8,351)(4,229)274 (847)(3,680)— 5 (16,828)Operating expenses(1)(20,336)(7,642)(3,401)(3,688)(4,917)(8,515)(2,471)(50,970)Income tax (expense)/benefit(19,323)(3,262)(3,020)(1,879)(2,397)(18,803)(551)(49,235)Segment core earnings$72,714 $12,258 $11,369 $7,064 $9,015 $70,731 $2,069 $185,220 Reconciliation to net income:Net effects of derivatives and trading securities$(1,468)Unallocated (expenses)/income(37,741)Income tax effect related to reconciling items13,480  Net income$159,491 Total Assets:Total on- and off-balance sheet segment assets at principal balance$18,218,755 $1,891,228 $7,426,517 $1,299,097 $2,283,565 $— $— $31,119,162 Off-balance sheet assets under management(5,264,616)Unallocated assets7,525,014 Total assets on the Consolidated Balance Sheets$33,379,560 (1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2)Includes the amortization of premiums and discounts on assets consolidated at fair value, originally included in interest income, to reflect core earnings amounts; the reclassification of interest expense related to interest rate swaps