Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 16

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 GSE securities are not guaranteed by the U.S. government;•U.S. Treasury Obligations: sovereign debt issued by the United States of America.The following tables set forth information about Farmer Mac's available-for-sale and held-to-maturity investment securities as of June 30, 2025 and December 31, 2024: Table 2.1 As of June 30, 2025Amount OutstandingUnamortized Premium/(Discount)AmortizedCost(1)Allowance for losses(2)UnrealizedGainsUnrealizedLossesFair Value (in thousands)Available-for-sale:    Floating rate auction-rate certificates backed by Government guaranteed student loans$19,700 $— $19,700 $(28)$— $(197)$19,475 Floating rate Government/GSE guaranteed mortgage-backed securities2,396,079 (1,356)2,394,723 — 2,287 (15,033)2,381,977 Fixed rate Government/GSE guaranteed mortgage-backed securities2,931,421 (69,717)2,861,704 — 21,474 (94,836)2,788,342 Fixed rate U.S. Treasuries1,487,292 (7,234)1,480,058 — 5,235 (1,056)1,484,237 Total available-for-sale6,834,492 (78,307)6,756,185 (28)28,996 (111,122)6,674,031 Held-to-maturity:Floating rate Government/GSE guaranteed mortgage-backed securities(3)8,970 — 8,970 — 366 — 9,336 Total held-to-maturity$8,970 $— $8,970 $— $366 $— $9,336 (1)Amounts presented exclude $26.3 million of accrued interest receivable on investment securities as of June 30, 2025.(2)Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in the Consolidated Statement of Operations as a provision for losses. Amount excludes unrealized losses relating to non-credit factors.(3)The held-to-maturity investment securities had a weighted average yield of 6.4% as of June 30, 2025