Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 250

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 250
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Table 16Net New Business Volume For the Three Months Ended On or Off Balance SheetMarch 31, 2025March 31, 2024Net Growth/(Decrease)Net Growth/(Decrease) (in thousands)Agricultural Finance:Farm & Ranch:LoansOn-balance sheet$86,335 $114,093 Loans held in consolidated trusts:Beneficial interests owned by third-party investors (single-class)(1)On-balance sheet(1,061)(13,756)Beneficial interests owned by third-party investors (structured)(1)On-balance sheet(31,542)(9,108)IO-FMGS(2)On-balance sheet(173)(177)USDA SecuritiesOn-balance sheet6,434 (13,978)AgVantage Securities(1)On-balance sheet(505,000)160,000 LTSPCs and unfunded loan commitmentsOff-balance sheet(40,194)(115,568)Other Farmer Mac Guaranteed Securities(3)Off-balance sheet(12,019)(8,759)Loans serviced for othersOff-balance sheet(15,233)(20,642)Total Farm & Ranch$(512,453)$92,105 Corporate AgFinance:LoansOn-balance sheet$(10,472)$(1,217)AgVantage Securities(1)On-balance sheet(12,569)80,486 Unfunded loan commitmentsOff-balance sheet24,699 (6,954)Total Corporate AgFinance$1,658 $72,315 Total Agricultural Finance$(510,795)$164,420 Infrastructure Finance:Power & Utilities:LoansOn-balance sheet$133,899 $51,544 AgVantage Securities(1)On-balance sheet275,406 (19,175)LTSPCs and unfunded loan commitmentsOff-balance sheet(30,705)(41,401)Total Power & Utilities$378,600 $(9,032)Broadband Infrastructure:LoansOn-balance sheet$35,629 $(37,526)Unfunded loan commitmentsOff-balance sheet136,740 3,558 Total Broadband Infrastructure$172,369 $(33,968)Renewable Energy:LoansOn-balance sheet$164,979 $137,972 Unfunded loan commitmentsOff-balance sheet27,160 116,814 Total Renewable