Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 31

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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(27)— (27)Expense recognized on cash flow hedges$— $— $— $(5,308)$— $(5,308)Gains on financial derivatives not designated in hedge relationships:Gains on interest rate swaps$— $— $— $— $729 $729 Interest expense on interest rate swaps— — — — (521)(521)Treasury futures— — — — 72 72 Gains on financial derivatives not designated in hedge relationships$— $— $— $— $280 $280 

26

The following table shows the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships as of June 30, 2025 and December 31, 2024:Table 4.3Hedged Items in Fair Value RelationshipCarrying Amount of Hedged Assets/(Liabilities)Cumulative Amount of Fair Value Hedging Adjustments included in the Carrying Amount of the Hedged Assets/(Liabilities)June 30, 2025December 31, 2024June 30, 2025December 31, 2024(in thousands)Investment securities, Available-for-Sale, at fair value(1)$1,681,016 $1,477,880 $(63,888)$(117,137)Farmer Mac Guaranteed Securities, Available-for-Sale, at fair value(2)5,694,675 5,478,484 (187,571)(307,358)Loans held for investment, at amortized cost1,981,712 1,816,738 (318,603)(372,444)Notes Payable(3)(11,204,119)(11,899,049)33,909 148,999 (1)Amortized cost of $1.8 billion and $1.6 billion as of June 30, 2025 and December 31, 2024, respectively.(2)Amortized cost of $5.9 billion and $5.8 billion as of June 30, 2025 and December 31, 2024, respectively.(3)Carrying amount represents amortized cost.The following tables present the fair value of financial assets and liabilities, based on the terms of Farmer Mac's master