Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 86

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 86
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Total Assets at fair value$6,358,451 $3,411,665 $(1,531,464)$(264)$(553,825)$(52,076)$7,632,487 

184

The following tables present additional information about the significant unobservable inputs, such as discount rates and constant prepayment rates ("CPR"), used in the fair value measurements categorized in Level 3 of the fair value hierarchy as of December 31, 2024 and 2023:Table 13.3As of December 31, 2024Financial InstrumentsFair ValueValuation TechniqueUnobservable InputRange             (Weighted-Average)(in thousands)Assets:Investment securities:Floating rate auction-rate certificates backed by Government guaranteed student loans$19,476 Indicative bidsRange of broker quotes99.0% - 99.0% (99.0%)Farmer Mac Guaranteed Securities:AgVantage$5,505,531 Discounted cash flowDiscount rate5.0% - 5.5% (5.1%)Farmer Mac Guaranteed Securities$9,015 Discounted cash flowDiscount rate7.9%CPR3%USDA Securities$818 Discounted cash flowDiscount rate5.3% - 5.4% (5.3%)CPR12% - 12% (12%)Guarantee Asset$5,382 Discounted cash flowDiscount rate7.9%CPR3%As of December 31, 2023Financial InstrumentsFair ValueValuation TechniqueUnobservable InputRange             (Weighted-Average)(in thousands)Assets:Investment securities:Floating rate auction-rate certificates backed by Government guaranteed student loans$19,082 Indicative bidsRange of broker quotes97.0% - 97.0% (97.0%)Farmer Mac Guaranteed Securities:AgVantage$5,522,712 Discounted cash flowDiscount rate4.7% - 5.4% (5.0%)Farmer Mac Guaranteed Securities$9,767 Discounted cash flowDiscount rate8.3%CPR3%USDA Securities$1,241 Discounted cash flowDiscount rate5.4% - 5.4% (5.4%)CPR12% - 12% (12%)Guarantee Asset$5,831 Discounted cash flowDiscount rate8.3%CPR3%The significant unobservable input used in the fair value measurements