Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 197

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 197
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Total Broadband Infrastructure$802,466 $501,153 $316,617 Renewable Energy:LoansOn-balance sheet$1,265,700 $440,286 $219,570 Unfunded loan commitmentsOff-balance sheet150,825 47,235 10,600 Total Renewable Energy$1,416,525 $487,521 $230,170 Total Infrastructure Finance$9,028,357 $7,968,244 $6,589,783 Total$29,523,030 $28,471,024 $25,922,082 

(1)A type of Farmer Mac Guaranteed Security.

(2)An interest-only Farmer Mac Guaranteed Security retained as part of a structured securitization.

(3)Other categories of Farmer Mac Guaranteed Securities that were sold by Farmer Mac to third parties.

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The following table summarizes by maturity date the scheduled principal amortization of loans held, loans underlying off-balance sheet Farmer Mac Guaranteed Securities (excluding AgVantage securities) and LTSPCs, USDA Securities, and Farmer Mac Guaranteed USDA Securities as of December 31, 2024:

Table 19Schedule of Principal Amortization as of December 31, 2024Loans Loans Underlying Off-Balance Sheet Farmer Mac Guaranteed Securities and LTSPCs USDA Securities and Farmer Mac Guaranteed USDA SecuritiesTotal(in thousands)2025$824,025 $422,103 $116,709 $1,362,837 2026712,891 436,220 117,466 1,266,577 2027803,181 304,487 119,147 1,226,815 2028995,547 254,443 118,173 1,368,163 20291,051,739 386,820 118,964 1,557,523 Thereafter9,221,789 2,463,446 1,999,774 13,685,009 Total$13,609,172 $4,267,519 $2,590,233 $20,466,924 

Of Farmer Mac's $29.5 billion outstanding principal balance of business volume as of December 31, 2024, $8.5 billion were AgVantage securities included in the Agricultural Finance and Infrastructure Finance lines of business. Unlike business volume in the form of purchased