Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 43

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 43
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(529)8,070 (691)USDA Securities8,938 (164)2,099,695 (258,026)Total held-to-maturity$1,038,050 $(4,019)$3,295,229 $(276,983)Available-for-sale:AgVantage$1,152,227 $(12,889)$3,649,845 $(314,587)Total available-for-sale$1,152,227 $(12,889)$3,649,845 $(314,587)

147

As of December 31, 2023 Held-to-Maturity and Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (in thousands)Held-to-maturity:AgVantage$2,070,770 $(6,705)$725,347 $(32,746)Farmer Mac Guaranteed USDA Securities— — 8,393 (806)USDA Securities— — 2,023,801 (319,783)Total held-to-maturity$2,070,770 $(6,705)$2,757,541 $(353,335)Available-for-sale:AgVantage$508,182 $(5,716)$4,043,431 $(303,695)Total available-for-sale$508,182 $(5,716)$4,043,431 $(303,695)The unrealized losses presented above are principally due to changes in interest rates from the date of acquisition to December 31, 2024 and 2023, as applicable.The credit exposure related to Farmer Mac's USDA Securities in the Agricultural Finance line of business is covered by the full faith and credit guarantee of the United States of America. The unrealized losses from AgVantage securities were on 66 and 68 available-for-sale securities as of December 31, 2024 and 2023, respectively. There were 45 and 53 held-to-maturity AgVantage securities with an unrealized loss as of December 31, 2024 and 2023, respectively. As of December 31, 2024 and 2023, 54 and 62 available-for-sale AgVantage securities had been in a loss position for more than