Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 55

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 $32,978 $77,490 $381,414 Interest expense(1)(114,789)(16,482)(59,638)(7,267)(15,203)(1,460)(75,636)(290,475)Less: reconciling adjustments(2)(3)(1,007)— (28)— — 86 — (949)Net effective spread33,885 8,640 5,329 3,566 5,112 31,604 1,854 89,990 Guarantee and commitment fees(3)4,551 197 221 336 183 — — 5,488 Other income/(expense)1,222 — — — — — 22 1,244 Release of/(provision for) losses193 (828)(77)229 (1,100)— — (1,583)Operating expenses(1)(6,595)(2,133)(1,123)(1,052)(1,708)(2,800)(823)(16,234)Income tax (expense)/benefit(6,982)(1,235)(913)(647)(522)(6,049)(221)(16,569)Segment core earnings$26,274 $4,641 $3,437 $2,432 $1,965 $22,755 $832 $62,336 Reconciliation to net income:Net effects of derivatives and trading securities$(2,535)Unallocated (expenses)/income(13,245)Income tax effect related to reconciling items3,095  Net income$49,651 Total Assets:Total on- and off-balance sheet segment assets at principal balance$18,094,515 $1,889,363 $7,187,966 $974,835 $1,608,664 $— $— $29,755,343 Off-balance sheet assets under management(5,071,733)Unallocated assets7,120,329 Total assets on the consolidated balance sheets$31,803,939 (1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2)Includes the amortization of premiums and discounts on assets consolidated at fair value, originally included in interest income, to reflect core earnings amounts; the reclassification