Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 0

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
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 June 30, 2025December 31, 2024 (in thousands)Assets:  Cash and cash equivalents (includes restricted cash of $12,839 and $16,190, respectively)$1,030,329 $1,024,007 Investment securities:  Available-for-sale, at fair value (amortized cost of $6,756,185 and $6,105,116, respectively)6,674,031 5,953,014 Held-to-maturity, at amortized cost8,970 9,270 Other investments14,257 11,017 Total Investment Securities6,697,258 5,973,301 Farmer Mac Guaranteed Securities:  Available-for-sale, at fair value (amortized cost of $5,942,469 and $5,835,658, respectively)5,731,503 5,514,546 Held-to-maturity, at amortized cost2,130,995 2,717,688 Total Farmer Mac Guaranteed Securities7,862,498 8,232,234 USDA Securities:  Trading, at fair value560 818 Held-to-maturity, at amortized cost2,406,638 2,370,534 Total USDA Securities2,407,198 2,371,352 Loans:  Loans held for sale, at lower of cost or fair value7,770 6,170 Loans held for investment, at amortized cost12,226,915 11,183,408 Loans held for investment in consolidated trusts, at amortized cost2,275,254 2,038,283 Allowance for losses(29,956)(23,223)Total loans, net of allowance14,479,983 13,204,638 Financial derivatives, at fair value30,650 27,789 Accrued interest receivable (includes $31,789 and $28,563, respectively, related to consolidated trusts)313,387 310,592 Guarantee and commitment fees receivable49,706 50,499 Deferred tax asset, net3,707 1,544 Prepaid expenses