Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 170

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 170
---
 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.  

14

 As of December 31, 2024Amount 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 $(27)$— $(197)$19,476 Floating rate Government/GSE guaranteed mortgage-backed securities2,317,032 (841)2,316,191 — 3,484 (13,950)2,305,725 Fixed rate Government/GSE guaranteed mortgage-backed securities2,544,136 (66,845)2,477,291 — 3,426 (142,750)2,337,967 Fixed rate U.S. Treasuries1,302,677 (10,743)1,291,934 — 2,604 (4,692)1,289,846 Total available-for-sale6,183,545 (78,429)6,105,116 (27)9,514 (161,589)5,953,014 Held-to-maturity:Floating rate Government/GSE guaranteed mortgage-backed securities(3)9,270 — 9,270 — 270 — 9,540 Total held-to-maturity$9,270 $— $9,270 $— $270 $— $9,540 (1)Amounts presented exclude $22.3 million of accrued interest receivable on investment securities as of December 31, 2024.(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 December 31, 2024.  Farmer Mac did not sell any securities from its available-for-sale or held-to-maturity investment portfolios