Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 49

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 49
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 63,133 (341,523)— (61,506)Premium/discount amortization recognized on hedged items1,860 — — (2,865)— (1,005)Income/(expense) related to interest settlements on fair value hedging relationships$70,725 $329,423 $127,781 $(690,240)$— $(162,311)(Losses)/gains on fair value hedging relationships:Recognized on derivatives$(19,445)$(91,151)$(23,528)$279,803 $— $145,679 Recognized on hedged items18,472 89,437 21,686 (280,668)— (151,073)(Losses)/gains on fair value hedging relationships$(973)$(1,714)$(1,842)$(865)$— $(5,394)Expense related to interest settlements on cash flow hedging relationships:Interest settlements reclassified from AOCI into net income on derivatives$— $— $— $20,643 $— $20,643 Recognized on hedged items— — — (31,610)— (31,610)Discount amortization recognized on hedged items— — — (55)— (55)Expense recognized on cash flow hedges$— $— $— $(11,022)$— $(11,022)Gains on financial derivatives not designated in hedge relationships:Gains on interest rate swaps$— $— $— $— $4,395 $4,395 Interest expense on interest rate swaps— — — — (4,845)(4,845)Treasury futures— — — — 3,332 3,332 Gains on financial derivatives not designated in hedge relationships$— $— $— $— $2,882 $2,882 

153

For the Year Ended December 31, 2022Net Income/(Expense) Recognized in Consolidated Statement of Operations on DerivativesNet Interest IncomeNon-Interest IncomeTotalInterest Income Investments and Cash Equivalents Interest Income Farmer Mac Guaranteed Securities and USDA SecuritiesInterest Income LoansTotal Interest ExpenseGains on financial derivatives(in thousands)Total amounts presented in the consolidated statement of operations:$82,659 $283,769