Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 63

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 63
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$— $— $— (1)Amounts represent unpaid principal balance of risk-rated loans, which is the basis Farmer Mac uses to analyze its portfolio, and recorded investment of past due loans.(2)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (3)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.

163

As of December 31, 2023Year of Origination:20232022202120202019PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance - Farm & Ranch loans(1):Internally Assigned Risk Rating:Acceptable$530,956 $1,137,226 $1,653,780 $1,120,917 $323,922 $1,068,862 $385,766 $6,221,429 Special mention(2)70,524 46,529 27,957 11,591 4,782 21,257 8,777 191,417 Substandard(3)3,357 23,987 10,164 17,395 28,942 58,606 10,414 152,865 Total$604,837 $1,207,742 $1,691,901 $1,149,903 $357,646 $1,148,725 $404,957 $6,565,711 For the Year Ended December 31, 2023:Current period charge-offs$— $— $— $— $— $— $— $— (1)Amounts represent unpaid principal balance of risk-rated loans, which is the basis Farmer Mac uses to analyze its portfolio, and recorded investment of past due loans.(2)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (3)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.As of December 31, 2023Year of Origination:20232022202120202019PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance - Corporate Ag