Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 20

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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LossFair ValueUnrealizedLoss (dollars in thousands)Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,482 $(197)Floating rate Government/GSE guaranteed mortgage-backed securities543,325 (1,394)998,973 (11,065)Fixed rate Government/GSE guaranteed mortgage-backed securities155,569 (3,392)998,254 (79,106)Fixed rate U.S. Treasuries35,047 (8)243,217 (320)Total$733,941 $(4,794)$2,259,926 $(90,688)Number of securities in loss position61 164 

18

 As of December 31, 2024 Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (dollars in thousands)Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,476 $(197)Floating rate Government/GSE guaranteed mortgage-backed securities269,862 (420)1,025,360 (13,530)Fixed rate Government/GSE guaranteed mortgage-backed securities999,793 (17,682)946,166 (125,068)Fixed rate U.S. Treasuries590,307 (4,375)58,523 (317)Total$1,859,962 $(22,477)$2,049,525 $(139,112)Number of securities in loss position90 155 The unrealized losses presented above are principally due to a general widening of market spreads and changes in the levels of interest rates from the dates of acquisition to September 30, 2025 and December 31, 2024, as applicable. The resulting decrease in fair values reflects an increase in the perceived risk by the financial markets related to those securities. As of both September 30, 2025 and December 31, 2024, all of the investment securities in an unrealized loss position either were backed by the full faith and credit of the U.S. government, a GSE, or had credit ratings of at least "AAA."Securities in unrealized loss positions for 12 months or longer have a fair value as of September