Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 37

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 37
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540 Total held-to-maturity$9,270 $— $9,270 $— $270 $— $9,540 (1)Amounts presented exclude $22.3 million of accrued interest receivable on investment securities as of December 31, 2024.(2)Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in the consolidated statement of operations as a provision for losses. Amount excludes unrealized losses relating to non-credit factors.(3)The held-to-maturity investment securities had a weighted average yield of 6.4% as of December 31, 2024.  

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 As of December 31, 2023Amount OutstandingUnamortized Premium/(Discount)AmortizedCost(1)Allowance for losses(2)UnrealizedGainsUnrealizedLossesFair Value (in thousands)Available-for-sale:    Floating rate auction-rate certificates backed by Government guaranteed student loans$19,700 $— $19,700 $(27)$— $(591)$19,082 Floating rate Government/GSE guaranteed mortgage-backed securities2,454,009 (1,138)2,452,871 — 1,212 (29,649)2,424,434 Fixed rate Government/GSE guaranteed mortgage-backed securities1,727,669 (46,788)1,680,881 — 6,558 (117,824)1,569,615 Floating rate U.S. Treasuries50,000 (17)49,983 — — (15)49,968 Fixed rate U.S. Treasuries869,585 (12,885)856,700 — 2,074 (2,942)855,832 Total available-for-sale5,120,963 (60,828)5,060,135 (27)9,844 (151,021)4,918,931 Held-to-maturity:Floating rate Government/GSE guaranteed mortgage-backed securities(3)53,756 — 53,756 — 1,745 — 55,501 Total held-to-maturity$53,756 $— $53,756 $— $1,745 $— $55,501 (1)Amounts presented exclude $15.