Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 22

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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antage$1,647,063 $(25,178)$1,621,885 $(128)$9,156 $(8,575)$1,622,338 Farmer Mac Guaranteed USDA Securities70,821 23 70,844 — 1,484 (516)71,812 Total Farmer Mac Guaranteed Securities1,717,884 (25,155)1,692,729 (128)10,640 (9,091)1,694,150 USDA Securities2,372,316 16,864 2,389,180 — 17,166 (157,186)2,249,160 Total held-to-maturity$4,090,200 $(8,291)$4,081,909 $(128)$27,806 $(166,277)$3,943,310 Trading:    USDA Securities(4)$447 $29 $476 $— $— $(20)$456 (1)Amounts presented exclude $60.3 million and $48.5 million of accrued interest receivable on available-for-sale and held-to-maturity securities, respectively, 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 fair value of $8.5 million relates to an interest-only security with a notional amount of $210.2 million.(4)The trading USDA securities had a weighted average yield of 5.47% as of September 30, 2025.

20

 As of December 31, 2024Unpaid Principal BalanceUnamortized Premium/(Discount)AmortizedCost(1)Allowance for losses(2)UnrealizedGainsUnrealizedLossesFair Value (in thousands)Available-for-sale:  AgVantage$5,826,948 $— $5,826,948 $(236)$6,295 $(327,476)$5,505,531 Farmer Mac Guaranteed Securities(3)— 8,710 8,710 — 305 — 9,015 Total available-for-sale$5,826,948 $8,710 $5,835,