Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 192

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 192
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 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.Credit Quality IndicatorsThe following tables present credit quality indicators related to Agricultural Finance mortgage loans and Infrastructure Finance loans held as of June 30, 2025 and December 31, 2024, by year of origination:Table 5.5As of June 30, 2025Year of Origination:20252024202320222021PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance - Farm & Ranch loans(1):Internally Assigned Risk Rating:Acceptable$732,237 $964,125 $480,868 $968,980 $1,525,951 $2,105,442 $375,186 $7,152,789 Special mention(2)136,955 141,737 38,471 28,205 21,716 45,500 31,321 443,905 Substandard(3)— 17,263 36,385 66,289 22,699 147,715 18,811 309,162 Total$869,192 $1,123,125 $555,724 $1,063,474 $1,570,366 $2,298,657 $425,318 $7,905,856 For the Three Months Ended June 30, 2025:Current period charge-offs$— $— $— $— $— $1,165 $1,675 $2,840 For the Six Months Ended June 30, 2025:Current period charge-offs$— $— $— $— $— $1,165 $1,675 $2,840 (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