Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 34

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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2 million as of December 31, 2024.Under the Agricultural Finance line of business, Farmer Mac has two segments – Farm & Ranch and Corporate AgFinance. The segments are characterized by similarities in risk attributes and the manner in which Farmer Mac monitors and assesses credit risk. 

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The following table includes loans held for investment and loans held for sale and displays the composition of the loan balances as of June 30, 2025 and December 31, 2024:Table 5.1 As of June 30, 2025As of December 31, 2024UnsecuritizedIn Consolidated TrustsTotalUnsecuritizedIn Consolidated TrustsTotal(in thousands)Agricultural Finance loansFarm & Ranch$5,630,602 $2,275,254 $7,905,856 $5,414,732 $2,038,283 $7,453,015 Corporate AgFinance1,450,596 — 1,450,596 1,381,674 — 1,381,674 Total Agricultural Finance loans7,081,198 2,275,254 9,356,452 6,796,406 2,038,283 8,834,689 Infrastructure Finance loans5,484,656 — 5,484,656 4,774,483 — 4,774,483 Total unpaid principal balance(1)12,565,854 2,275,254 14,841,108 11,570,889 2,038,283 13,609,172 Unamortized premiums, discounts, fair value hedge basis adjustment, and other cost basis adjustments(331,169)— (331,169)(381,311)— (381,311)Total loans12,234,685 2,275,254 14,509,939 11,189,578 2,038,283 13,227,861 Allowance for losses(29,253)(703)(29,956)(22,594)(629)(23,223)Total loans, net of allowance$12,205,432 $2,274,551 $14,479,983 $11,166,984 $2,037,654 $13,204,638 (1)Unpaid principal balance is the basis of presentation in disclosures of outstanding balances for Farmer Mac