Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 163

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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-for-sale to held-to-maturity, which occurred at fair value. The unrealized gain/loss will be amortized over the securities' remaining life with no impact on future net income.(3)Relates to the recognition of unrealized gains and losses on cash flow hedges recorded in AOCI.

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For the Nine Months EndedSeptember 30, 2025September 30, 2024Before TaxProvision (Benefit)After TaxBefore TaxProvision(Benefit)After Tax(in thousands)Other comprehensive income:Available-for-sale-securities:Unrealized holding gains on available-for-sale securities$25,797 $5,418 $20,379 $62,079 $13,037 $49,042 Less reclassification adjustments included in:Gains on sale of available-for-sale investment securities(1)— — — (1,052)(221)(831)Other income(2)(8)(1)(7)(12)(3)(9)Total$25,789 $5,417 $20,372 $61,015 $12,813 $48,202 Held-to-maturity securities:Less reclassification adjustments included in:Net interest income(3)$(204)$(43)$(161)$(757)$(159)$(598)Total$(204)$(43)$(161)$(757)$(159)$(598)Cash flow hedgesUnrealized (losses)/gains on cash flow hedges$(5,920)$(1,244)$(4,676)$3,488 $733 $2,755 Less reclassification adjustments included in:Net interest income(4)(11,163)(2,344)(8,819)(16,163)(3,395)(12,768)Total$(17,083)$(3,588)$(13,495)$(12,675)$(2,662)$(10,013)Other comprehensive income$8,502 $1,786 $6,716 $47,583 $9,992 $37,591 (1)Represents unrealized gains and losses on sales of available-for-sale securities.(2)Represents amortization of deferred gains related to certain available-for-sale USDA Securities and Farmer Mac Guaranteed USDA Securities.(3)Represents amortization of unrealized gain/loss reported in AOCI prior to the reclassification of certain securities from available-for-sale to held-to