Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 60

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 60
---
 $30,105 $168,915 $13,609,172 (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)Includes loans in consolidated trusts with beneficial interests owned by third parties (single-class) that are 90 days or more past due.(3)Includes loans that are 90 days or more past due, in foreclosure, or in bankruptcy with at least one missed payment, excluding loans performing under either their original loan terms or a court-approved bankruptcy plan.(4)Includes $41.5 million of nonaccrual loans for which there was no associated allowance. During the year ended December 31, 2024, Farmer Mac received $4.9 million in interest on nonaccrual loans.

161

As of December 31, 2023AccruingCurrent30-59 Days60-89 Days90 Days and Greater(2)Total Past DueNonaccrual loans(3)(4)Total Loans(in thousands)Loans(1):Agricultural Finance loansFarm & Ranch$6,470,205 $15,326 $3,953 $10,991 $30,270 $65,236 $6,565,711 Corporate AgFinance1,259,723 — — — — — 1,259,723 Total Agricultural Finance loans7,729,928 15,326 3,953 10,991 30,270 65,236 7,825,434 Infrastructure Finance loans3,534,763 — — — — — 3,534,763 Total $11,264,691 $15,326 $3,953 $10,991 $30,270 $65,236 $11,360,197 (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)Includes loans in consolidated trusts with beneficial interests owned (single-class) by third parties that are 90 days or more past due.(3)Includes loans that are 90 days or more past due, in foreclosure, or in bankruptcy with at least one missed payment, excluding loans performing under either their original loan terms or a court-approved bankruptcy plan.(4)Includes $25.7