Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 167

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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 flow hedges recorded in AOCI.

12

For the Six Months EndedJune 30, 2025June 30, 2024Before TaxProvision (Benefit)After TaxBefore TaxProvision(Benefit)After Tax(in thousands)Other comprehensive income:Available-for-sale-securities:Unrealized holding gains on available-for-sale securities$6,921 $1,454 $5,467 $35,726 $7,503 $28,223 Less reclassification adjustments included in:Gains on sale of available-for-sale investment securities(1)— — — (1,052)(221)(831)Other income(2)(6)(1)(5)(9)(2)(7)Total$6,915 $1,453 $5,462 $34,665 $7,280 $27,385 Held-to-maturity securities:Less reclassification adjustments included in:Net interest income(3)$(18)$(4)$(14)$(314)$(66)$(248)Total$(18)$(4)$(14)$(314)$(66)$(248)Cash flow hedgesUnrealized (losses)/gains on cash flow hedges$(6,310)$(1,325)$(4,985)$15,719 $3,301 $12,418 Less reclassification adjustments included in:Net interest income(4)(7,571)(1,590)(5,981)(10,825)(2,274)(8,551)Total$(13,881)$(2,915)$(10,966)$4,894 $1,027 $3,867 Other comprehensive (loss)/income$(6,984)$(1,466)$(5,518)$39,245 $8,241 $31,004 (1)Represents unrealized gains and losses on sales of available-for-sale securities(2)Represents amortization of deferred gains related to certain available-for-sale USDA Securities and Farmer Mac Guaranteed USDA Securities.(3)Relates to the amortization of unrealized gains or losses prior to the reclassification of these securities from available-for-sale to held-to-maturity. The amortization of unrealized gains or losses reported in AOCI for held-to-maturity securities will be offset by the amortization of the premium or discount created from the transfer into held-to-maturity securities, which occurred at fair value. These