Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 253

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 253
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 third parties (structured and single-class)26,023 15,936 Total Farmer Mac Guaranteed Securities Issuances$330,898 $427,486 

During the three months ended March 31, 2025 and 2024, Farmer Mac realized no gains or losses from the securitization of loans that it holds in consolidated trusts. Farmer Mac consolidates these loans and presents them as "Loans held for investment in consolidated trusts, at amortized cost" on the consolidated balance sheets. 

During the three months ended March 31, 2025 and 2024, Farmer Mac realized no gains or losses from the issuance of Farmer Mac Guaranteed USDA Securities or AgVantage Securities.

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The following table sets forth information about outstanding volume in each of Farmer Mac's lines of business as of the dates indicated:

Table 18Outstanding Business VolumeOn or Off Balance SheetAs of March 31, 2025As of December 31, 2024(in thousands)Agricultural Finance:Farm & Ranch:LoansOn-balance sheet$5,501,067 $5,414,732 Loans held in consolidated trusts:Beneficial interests owned by third-party investors (single-class)(1)On-balance sheet884,234 885,295 Beneficial interests owned by third-party investors (structured)(1)On-balance sheet1,121,446 1,152,988 IO-FMGS(2)On-balance sheet8,537 8,710 USDA SecuritiesOn-balance sheet2,408,857 2,402,423 AgVantage Securities(1)On-balance sheet4,215,000 4,720,000 LTSPCs and unfunded loan commitmentsOff-balance sheet3,030,360 3,070,554 Other Farmer Mac Guaranteed Securities(3)Off-balance sheet414,291 426,310 Loans serviced for othersOff-balance sheet510,723 525,956 Total Farm & Ranch$18,094,515 $18,606,968 Corporate AgFinance:LoansOn-balance sheet$1,371,202 $1,381,674 AgVantage Securities(1)On-balance sheet267,728 280,297 Unfunded loan commitmentsOff-balance sheet250,433 225,734 Total Corporate AgFinance$1,889,363 $1,887