Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 61

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 RanchCorporate AgFinancePower & UtilitiesBroadband InfrastructureRenewable EnergyFundingInvestmentsTotal (in thousands)Interest income$455,919 $77,268 $202,188 $36,367 $72,425 $104,736 $246,874 $1,195,777 Interest expense(1)(348,394)(50,972)(185,234)(24,490)(53,356)(5,066)(242,052)(909,564)Less: reconciling adjustments(2)(3)(3,090)— (79)— — (1,621)229 (4,561)Net effective spread104,435 26,296 16,875 11,877 19,069 98,049 5,051 281,652 Guarantee and commitment fees(3)13,674 639 648 1,601 932 — — 17,494 Other income/(expense)2,615 456 (7)— 8 — 35 3,107 (Provision for)/release of losses(8,351)(4,229)274 (847)(3,680)— 5 (16,828)Operating expenses(1)(20,336)(7,642)(3,401)(3,688)(4,917)(8,515)(2,471)(50,970)Income tax (expense)/benefit(19,323)(3,262)(3,020)(1,879)(2,397)(18,803)(551)(49,235)Segment core earnings$72,714 $12,258 $11,369 $7,064 $9,015 $70,731 $2,069 $185,220 Reconciliation to net income:Net effects of derivatives and trading securities$(1,468)Unallocated (expenses)/income(37,741)Income tax effect related to reconciling items13,480  Net income$159,491 Total Assets:Total on- and off-balance sheet segment assets at principal balance$18,218,755 $1,891,228 $7,426,517 $1,299,097 $2,283,565 $— $— $31,119,162 Off-balance sheet assets under management(5,264,616)Unallocated assets7,