Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 95

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 95
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 of Farmer Mac's lines of business, 90-day delinquencies represented 0.54% of total outstanding business volume as of March 31, 2025, compared to 0.37% as of December 31, 2024 and 0.27% as of March 31, 2024.

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The following table presents outstanding Agricultural Finance mortgage loans and 90-day delinquencies as of March 31, 2025 by year of origination, geographic region, commodity/collateral type, original loan-to-value ratio, and range in the size of borrower exposure:

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Table 24

Agricultural Finance Mortgage Loans 90-Day Delinquencies as of March 31, 2025 Distribution of Agricultural LoansAgricultural Loans90-Day Delinquencies(1)Percentage (dollars in thousands)By year of origination:    2015 and prior8 %$1,020,788 $8,559 0.84 %20163 %409,095 17,126 4.19 %20174 %486,208 8,352 1.72 %20184 %541,630 7,644 1.41 %20196 %724,561 27,429 3.79 %202015 %1,872,649 30,020 1.60 %202120 %2,474,202 7,387 0.30 %202213 %1,551,461 27,999 1.80 %20239 %1,084,480 19,831 1.83 %202414 %1,720,704 5,630 1.83 %20254 %503,700 — — %Total100 %$12,389,478 $159,977 1.29 %By geographic region(2):    Northwest11 %$1,405,976 $10,941 0.78 %Southwest29 %3,547,688 101,566 2.86 %Mid-North26 %3,245,287 24,156 0.74 %Mid-South18 %2,267,156 10,811 0.48 %Northeast5 %572,089 3,020 0