Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 171

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 171
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 during the three and six months ended June 30, 2025. During the three and six months ended June 30, 2024, Farmer Mac sold floating rate government/GSE guaranteed mortgage-backed securities for $115.2 million from its available-for-sale investment portfolio, resulting in a gain of $1.1 million. These sales were done to rebalance the liquidity investment portfolio given the lower level of business volume activity while demonstrating that the portfolio provides strong contingent liquidity. As of June 30, 2025 and December 31, 2024, unrealized losses on available-for-sale investment securities were as follows:Table 2.2 As of June 30, 2025 Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (dollars in thousands)Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,475 $(197)Floating rate Government/GSE guaranteed mortgage-backed securities599,742 (1,272)976,207 (13,761)Fixed rate Government/GSE guaranteed mortgage-backed securities399,530 (6,557)964,601 (88,279)Fixed rate U.S. Treasuries384,554 (931)38,899 (125)Total$1,383,826 $(8,760)$1,999,182 $(102,362)Number of securities in loss position74 156 

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 As of December 31, 2024 Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (dollars in thousands)Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,476 $(197)Floating rate Government/GSE guaranteed mortgage-backed securities269,862 (420)1,025,360 (13,530)Fixed rate Government/GSE guaranteed mortgage-backed securities999,793 (17,682)946,166 (125,068)Fixed rate U.S. Treasuries590,307 (4,375)58,