Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 191

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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,491 $18,763 $4,694 $42,948 $179,497 $14,841,108 (1)Current loan amounts are presented based on contractual unpaid principal balance, while past due loan amounts are presented based on the recorded investment of the loan.(2)Primarily consists of loans in consolidated trusts with beneficial interests owned by third parties (single-class) that are 90 days or more past due.(3)Includes loans that are 90 days or more past due, in foreclosure, or in bankruptcy with at least one missed payment, excluding loans performing under either their original loan terms or a court-approved bankruptcy plan.(4)Includes $19.6 million of nonaccrual loans for which there was no associated allowance. During the three and six months ended June 30, 2025, Farmer Mac received $1.7 million and $3.1 million in interest on nonaccrual loans, respectively.

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As of December 31, 2024AccruingCurrent30-59 Days60-89 Days90 Days and Greater(2)Total Past DueNonaccrual Loans(3)(4)Total Loans(in thousands)Loans(1):Agricultural Finance loansFarm & Ranch$7,299,364 $16,478 $7,268 $6,359 $30,105 $123,546 $7,453,015 Corporate AgFinance1,336,305 — — — — 45,369 1,381,674 Total Agricultural Finance loans8,635,669 16,478 7,268 6,359 30,105 168,915 8,834,689 Infrastructure Finance loans4,774,483 — — — — — 4,774,483 Total $13,410,152 $16,478 $7,268 $6,359 $30,105 $168,915 $13,609,172 (1)Current loan amounts are presented based on contractual unpaid principal balance, while past due loan amounts are presented based on the recorded investment of the loan.(2)Includes loans in consolidated trusts with beneficial interests owned (single-class) by third parties that are 90 days or more past due.(3)Primarily consists of loans that are 90 days or more past due, in foreclosure, or in bankruptcy with at least one missed