Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 30

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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537)$(3,537)Interest expense on interest rate swaps— — — — 110 110 Treasury futures— — — — 871 871 Losses on financial derivatives not designated in hedge relationships$— $— $— $— $(2,556)$(2,556)

25

For the Six Months Ended June 30, 2024Net Income/(Expense) Recognized in Consolidated Statement of Operations on DerivativesNet Interest IncomeNon-Interest IncomeTotalInterest Income Investments and Cash Equivalents Interest Income Farmer Mac Guaranteed Securities and USDA SecuritiesInterest Income LoansTotal Interest ExpenseGains on financial derivatives(in thousands)Total amounts presented in the Consolidated Statement of Operations:$169,462 $332,876 $297,685 $(626,315)$280 $173,988 Income/(expense) related to interest settlements on fair value hedging relationships:Recognized on derivatives20,705 79,467 35,676 (160,210)— (24,362)Recognized on hedged items20,257 104,356 33,302 (213,723)— (55,808)Premium/discount amortization recognized on hedged items933 — — (1,468)— (535)Income/(expense) related to interest settlements on fair value hedging relationships$41,895 $183,823 $68,978 $(375,401)$— $(80,705)Gains/(losses) on fair value hedging relationships:Recognized on derivatives$31,250 $88,512 $61,368 $(23,846)$— $157,284 Recognized on hedged items(30,882)(87,251)(59,173)25,628 — (151,678)Gains/(losses) on fair value hedging relationships$368 $1,261 $2,195 $1,782 $— $5,606 Expense related to interest settlements on cash flow hedging relationships:Interest settlements reclassified from AOCI into net income on derivatives$— $— $— $10,824 $— $10,824 Recognized on hedged items— — — (16,105)— (16,105)Discount amortization recognized on hedged items— — —