Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 7

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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259)Purchases of defaulted loans(2,544)— Proceeds from repayment of available-for-sale and held-to-maturity investment securities652,472 775,168 Proceeds from repayment of Farmer Mac Guaranteed Securities and USDA Securities1,057,152 1,175,360 Proceeds from repayment of loans purchased as held for investment1,021,373 809,934 Proceeds from sale of real estate owned725 — Proceeds from sale of available-for-sale investment securities— 102,955 Proceeds from sale of loans previously classified as held for investment6,045 5,775 Proceeds from sale of Farmer Mac Guaranteed Securities— 60,192 Net cash used in investing activities(1,382,439)(633,852)Cash flows from financing activities: Proceeds from issuance of discount notes36,373,320 26,245,284 Proceeds from issuance of medium-term notes6,586,755 3,293,703 Proceeds from issuance of debt securities of consolidated trusts286,511 283,462 Payments to redeem discount notes(36,563,148)(25,724,358)Payments to redeem medium-term notes(5,038,820)(3,607,788)Payments to third parties on debt securities of consolidated trusts(109,353)(63,886)Proceeds from common stock issuance159 131 Tax payments related to share-based awards(5,036)(3,906)Dividends paid on common and preferred stock(44,086)(44,002)Net cash provided by financing activities1,486,302 378,640 Net change in cash and cash equivalents6,322 34,254 Cash, cash equivalents, and restricted cash at beginning of period1,024,007 888,707 Cash, cash equivalents, and restricted cash at end of period$1,030,329 $922,961 

Non-cash activity:Loans securitized as Farmer Mac Guaranteed Securities41,156 85,114 Loans held for investment transferred to consolidated trusts299,270 305,559 

                  The accompanying notes are an integral part of these consolidated financial statements.

7

FEDERAL AGRICULTURAL MORTGAGE CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The interim unaudited consolidated