Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 29

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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,799)$(1,799)

24

For the Six Months Ended June 30, 2025Net Income/(Expense) Recognized in Consolidated Statement of Operations on DerivativesNet Interest IncomeNon-Interest IncomeTotalInterest Income Investments and Cash Equivalents Interest Income Farmer Mac Guaranteed Securities and USDA SecuritiesInterest Income LoansTotal Interest ExpenseLosses on financial derivatives(in thousands)Total amounts presented in the Consolidated Statement of Operations$172,293 $251,340 $356,803 $(592,700)$(2,556)$185,180 Income/(expense) related to interest settlements on fair value hedging relationships:Recognized on derivatives14,346 43,805 24,883 (56,270)— 26,764 Recognized on hedged items27,231 112,543 38,601 (204,093)— (25,718)Premium/discount amortization recognized on hedged items1,227 — — (1,383)— (156)Income/(expense) related to interest settlements on fair value hedging relationships$42,804 $156,348 $63,484 $(261,746)$— $890 (Losses)/gains on fair value hedging relationships:Recognized on derivatives$(53,269)$(119,962)$(52,581)$117,833 $— $(107,979)Recognized on hedged items53,249 119,787 53,840 (115,089)— 111,787 (Losses)/gains on fair value hedging relationships$(20)$(175)$1,259 $2,744 $— $3,808 Expense related to interest settlements on cash flow hedging relationships:Interest settlements reclassified from AOCI into net income on derivatives$— $— $— $7,571 $— $7,571 Recognized on hedged items— — — (12,453)— (12,453)Discount amortization recognized on hedged items— — — (38)— (38)Expense recognized on cash flow hedges$— $— $— $(4,920)$— $(4,920)Losses on financial derivatives not designated in hedging relationships:Losses on interest rate swaps$— $— $— $— $(3,