Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 269

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 269
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DelinquenciesPercentage (dollars in thousands)As of:   March 31, 2025$12,389,478 $159,977 1.29 %December 31, 202412,369,477 108,944 0.88 %September 30, 202411,466,670 144,407 1.26 %June 30, 202411,409,396 62,063 0.54 %March 31, 202411,184,817 76,825 0.69 %December 31, 202311,223,276 34,677 0.31 %September 30, 202311,014,678 42,443 0.39 %June 30, 202310,826,201 45,368 0.42 %March 31, 202310,680,419 70,646 0.66 %

Across all of Farmer Mac's lines of business, 90-day delinquencies represented 0.54% of total outstanding business volume as of March 31, 2025, compared to 0.37% as of December 31, 2024 and 0.27% as of March 31, 2024.

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The following table presents outstanding Agricultural Finance mortgage loans and 90-day delinquencies as of March 31, 2025 by year of origination, geographic region, commodity/collateral type, original loan-to-value ratio, and range in the size of borrower exposure:

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Table 24

Agricultural Finance Mortgage Loans 90-Day Delinquencies as of March 31, 2025 Distribution of Agricultural LoansAgricultural Loans90-Day Delinquencies(1)Percentage (dollars in thousands)By year of origination:    2015 and prior8 %$1,020,788 $8,559 0.84 %20163 %409,095 17,126 4.19 %20174 %486,208 8,352 1.72 %20184 %541,630 7,644 1.41 %20196 %724,561 27,429 3.79 %202015 %1,872,649 30,020 1.60 %202120 %2,