Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 195

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 195
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101 For the Six Months Ended June 30, 2024:Current period charge-offs$— $— $— $101 $— $— $— $101 (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)Special mention assets 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, 2024Year of Origination:20242023202220212020PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance - Corporate AgFinance loans(1):Internally Assigned Risk Rating:Acceptable$210,807 $152,918 $64,860 $235,493 $80,085 $161,354 $262,295 $1,167,812 Special mention(2)— 37,010 — 14,557 75,440 — 7,158 134,165 Substandard(3)— 7,309 7,652 — 14,335 33,479 16,922 79,697 Total$210,807 $197,237 $72,512 $250,050 $169,860 $194,833 $286,375 $1,381,674 For the Three Months Ended June 30, 2024:Current period charge-offs$— $— $— $— $— $— $3,942 $3,942 For the Six Months Ended June 30, 2024:Current period charge-offs$— $— $— $— $— $— $3,942 $3,942 (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)Special mention assets 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