Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 13

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
 of amounts reclassified from each component of AOCI, and the related tax impact for the three months ended March 31, 2025 and 2024: Table 1.4For the Three Months EndedMarch 31, 2025March 31, 2024Before TaxProvision (Benefit)After TaxBefore TaxProvision(Benefit)After Tax(in thousands)Other comprehensive income:Available-for-sale-securities:Unrealized holding gains on available-for-sale securities$21,766 $4,572 $17,194 $39,957 $8,392 $31,565 Less reclassification adjustments included in:Other income(1)(4)(1)(3)(5)(1)(4)Total$21,762 $4,571 $17,191 $39,952 $8,391 $31,561 Held-to-maturity securities:Less reclassification adjustments included in:Net interest income(2)(303)(64)(239)(634)(134)(500)Total$(303)$(64)$(239)$(634)$(134)$(500)Cash flow hedgesUnrealized (losses)/gains on cash flow hedges$(4,546)$(955)$(3,591)$11,717 $2,461 $9,256 Less reclassification adjustments included in:Net interest income(3)(3,825)(803)(3,022)(5,431)(1,141)(4,290)Total$(8,371)$(1,758)$(6,613)$6,286 $1,320 $4,966 Other comprehensive income$13,088 $2,749 $10,339 $45,604 $9,577 $36,027 (1)Represents amortization of deferred gains related to certain available-for-sale USDA Securities and Farmer Mac Guaranteed USDA Securities.(2)Relates to the amortization of unrealized gains or losses prior to the reclassification of these securities from available-for-sale to held-to-maturity. The amortization of unrealized gains or losses reported in AOCI for held-to-maturity securities will be offset by the amortization of the premium or discount created from the transfer into held-to-maturity securities, which occurred at fair value. These unrealized gains or losses will be recorded over the remaining life of the security with no impact on future net income.(3)Relates to