Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 89

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 For the Three Months EndedFor the Nine Months Ended September 30, 2025September 30, 2024September 30, 2025September 30, 2024 (dollars in thousands)AgVantage Securities$350,000 $663,145 $784,125 $1,349,345 Loans securitized and held in consolidated trusts with beneficial interests owned by third parties (structured and single-class)— — 340,426 330,481 Total Farmer Mac Guaranteed Securities Issuances$350,000 $663,145 $1,124,551 $1,679,826 

During the three and nine months ended September 30, 2025 and 2024, Farmer Mac realized no gains or losses from the securitization of loans that it holds in consolidated trusts. Farmer Mac consolidates these loans and presents them as "Loans held for investment in consolidated trusts, at amortized cost" on the Consolidated Balance Sheets. 

During the three and nine months ended September 30, 2025 and 2024, Farmer Mac realized no gains or losses from the issuance of Farmer Mac Guaranteed Securities.

75

The following table sets forth information about outstanding volume in each of Farmer Mac's lines of business as of the dates indicated:

Table 17Outstanding Business VolumeOn or Off Balance SheetAs of September 30, 2025As of December 31, 2024(in thousands)Agricultural Finance:Farm & Ranch:LoansOn-balance sheet$5,915,220 $5,414,732 Loans held in consolidated trusts:Beneficial interests owned by third-party investors (single-class)(1)On-balance sheet840,636 885,295 Beneficial interests owned by third-party investors (structured)(1)On-balance sheet1,364,577 1,152,988 IO-FMGS(2)On-balance sheet8,206 8,710 USDA SecuritiesOn-balance sheet2,443,583 2,402,423 AgVantage Securities(1)On-balance sheet3,745,000 4,720,000 LTSPCs and unfunded loan commitmentsOff-balance sheet3,100,205 3,070,554 Other Farmer Mac Guaranteed Securities(3)Off-balance sheet392,358 426,310 Loans serviced for othersOff