Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 156

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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$— $— $— $— $— $— $— $— (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)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (3)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.As of December 31, 2024Year of Origination:20242023202220212020PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Infrastructure Finance loans(1):Internally Assigned Risk Rating:Acceptable$1,158,427 $521,143 $578,882 $174,232 $574,135 $1,229,626 $461,162 $4,697,607 Special mention(2)— — 34,388 — — — — 34,388 Substandard(3)— 13,356 29,132 — — — — 42,488 Total $1,158,427 $534,499 $642,402 $174,232 $574,135 $1,229,626 $461,162 $4,774,483 For the Three Months Ended March 31, 2024:Current period charge-offs$— $— $— $— $— $— $— $— (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)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (3)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.

31

6.GUARANTEES AND COMMITMENTS 

The following table presents the maximum principal amount of potential undiscounted future payments that Farmer Mac could be required to make under all off-balance sheet Farmer Mac Guaranteed Securities as of March 31, 2025 and December 31, 2024, not including offsets provided