Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 0

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.Financial Statements

 FEDERAL AGRICULTURAL MORTGAGE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(unaudited)

As of September 30, 2025December 31, 2024 (in thousands)Assets:  Cash and cash equivalents (includes restricted cash of $16,579 and $16,190, respectively)$901,023 $1,024,007 Investment securities:  Available-for-sale, at fair value (amortized cost of $6,714,777 and $6,105,116, respectively)6,655,946 5,953,014 Held-to-maturity, at amortized cost8,815 9,270 Other investments14,343 11,017 Total Investment Securities6,679,104 5,973,301 Farmer Mac Guaranteed Securities:  Available-for-sale, at fair value (amortized cost of $6,042,789 and $5,835,658, respectively)5,854,098 5,514,546 Held-to-maturity, at amortized cost1,692,601 2,717,688 Total Farmer Mac Guaranteed Securities7,546,699 8,232,234 USDA Securities:  Trading, at fair value456 818 Held-to-maturity, at amortized cost2,389,180 2,370,534 Total USDA Securities2,389,636 2,371,352 Loans:  Loans held for sale, at lower of cost or fair value— 6,170 Loans held for investment, at amortized cost13,192,117 11,183,408 Loans held for investment in consolidated trusts, at amortized cost2,205,213 2,038,283 Allowance for losses(35,340)(23,223)Total loans, net of allowance15,361,990 13,204,638 Financial derivatives, at fair value32,667 27,789 Accrued interest receivable (includes $22,373 and $28,563, respectively, related to consolidated trusts)284,786 310,592 Guarantee and commitment fees receivable50,775 50,499 Deferred tax asset, net3,225 1,544 Prepaid expenses and other assets129