Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 152

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 152
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 31, 2024AccruingCurrent30-59 Days60-89 Days90 Days and Greater(2)Total Past DueNonaccrual loans(3)(4)Total Loans(in thousands)Loans(1):Agricultural Finance loansFarm & Ranch$7,299,364 $16,478 $7,268 $6,359 $30,105 $123,546 $7,453,015 Corporate AgFinance1,336,305 — — — — 45,369 1,381,674 Total Agricultural Finance loans8,635,669 16,478 7,268 6,359 30,105 168,915 8,834,689 Infrastructure Finance loans4,774,483 — — — — — 4,774,483 Total $13,410,152 $16,478 $7,268 $6,359 $30,105 $168,915 $13,609,172 (1)Amounts represent unpaid principal balance of risk-rated loans, which is the basis Farmer Mac uses to analyze its portfolio, and recorded investment of past due loans.(2)Includes loans in consolidated trusts with beneficial interests owned (single-class) by third parties that are 90 days or more past due.(3)Includes loans that are 90 days or more past due, in foreclosure, or in bankruptcy with at least one missed payment, excluding loans performing under either their original loan terms or a court-approved bankruptcy plan.(4)Includes $41.5 million of nonaccrual loans for which there was no associated allowance. During the year ended December 31, 2024, Farmer Mac received  $4.9 million in interest on nonaccrual loans.

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Credit Quality IndicatorsThe following tables present credit quality indicators related to Agricultural Finance mortgage loans and Infrastructure Finance loans held as of March 31, 2025 and December 31, 2024, by year of origination:Table 5.5As of March 31, 2025Year of Origination:20252024202320222021PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance - Farm & Ranch loans(1):Internally Assigned Risk Rating:Acceptable$311,988 $962,820 $499,416 $983,198 $1,