Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 64

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 FinanceInfrastructure FinanceTreasuryFarm & RanchCorporate AgFinancePower & UtilitiesBroadband InfrastructureRenewable EnergyFundingInvestmentsTotal (in thousands)Interest income$301,899 $50,606 $132,442 $22,992 $43,809 $68,597 $160,091 $780,436 Interest expense(1)(230,313)(33,357)(121,424)(15,494)(32,470)(3,380)(156,262)(592,700)Less: reconciling adjustments(2)(3)(1,991)— (53)— — (1,945)136 (3,853)Net effective spread69,595 17,249 10,965 7,498 11,339 63,272 3,965 183,883 Guarantee and commitment fees(3)9,102 421 436 900 503 — — 11,362 Other income/(expense)1,535 345 — — 8 — 36 1,924 (Provision for)/release of losses(4,301)(1,442)(150)(437)(3,064)— (1)(9,395)Operating expenses(1)(13,615)(4,511)(2,279)(2,326)(3,268)(5,803)(1,711)(33,513)Income tax (expense)/benefit(13,083)(2,535)(1,883)(1,184)(1,159)(12,069)(481)(32,394)Segment core earnings$49,233 $9,527 $7,089 $4,451 $4,359 $45,400 $1,808 $121,867 Reconciliation to net income:Net effects of derivatives and trading securities$(275)Unallocated (expenses)/income(25,430)Income tax effect related to reconciling items8,326  Net income$104,488 Total Assets:Total on- and off-balance sheet segment assets at principal balance$18,217,905 $1,953,523 $7,300,354 $1,174,441 $1,941,036 $— $— $30,587,259 Off-balance sheet assets under management(5,257,348)Unallocated assets7,