Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 274

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 274
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301 $75,984 $3,520,164 40.01% to 50.00%2,790,050 170,028 84,074 3,044,152 50.01% to 60.00%2,765,964 107,074 158,490 3,031,528 60.01% to 70.00%1,530,094 109,631 56,717 1,696,442 70.01% to 80.00%133,382 28,947 51,449 213,778 80.01% and greater22,204 36,111 14,710 73,025 Enterprise Value(2)785,863 — 24,526 810,389 Total$11,383,436 $540,092 $465,950 $12,389,478 

(1)The current loan-to-value ratio is based on original appraised value (or most recently obtained valuation, if available) and current outstanding loan amount adjusted to reflect loan amortization.

(2)"Enterprise Value" loans are generally secured by all business assets and common stock (in addition to first lien mortgages) of the borrower and the value of the borrowing entity depends on its ability to generate recurring positive cash flow. Enterprise Value is the estimated value of the borrower as a going concern, which is estimated using one or more valuation techniques such as discounted cash flow, cash flow multiples, asset liquidation, or other valuation techniques. 

83

The following table presents Farmer Mac's cumulative net credit losses relative to the cumulative original balance for all Agricultural Finance mortgage loans as of March 31, 2025 by year of origination, geographic region, and commodity/collateral type. The purpose of this table is to present information about realized credit losses relative to original Farm & Ranch purchases, guarantees, and commitments.

Table 26Agricultural Finance Mortgage Loans Credit Losses Relative to CumulativeOriginal Loans, Guarantees, and LTSPCs as of March 31, 2025Cumulative Original Loans, Guarantees and LTSPCs Cumulative Net Credit Losses/(Recoveries) Cumulative Loss Rate (dollars in thousands)By year of origination:   2015 and prior$21,180,781 $33,270 0.16 %20161,629