Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 159

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 159
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SPCs 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.As of December 31, 2024Current30-59 Days60-89 Days90 Days and Greater(1)Total Past DueTotal Loans(in thousands)Agricultural Finance:$3,524,406 $1,421 $1,358 $7,603 $10,382 $3,534,788 Infrastructure Finance:732,731 — — — — 732,731 Total$4,257,137 $1,421 $1,358 $7,603 $10,382 $4,267,519 (1)Includes loans underlying off-balance sheet Farmer Mac Guaranteed Securities and LTSPCs 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.

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Credit Quality IndicatorsThe following tables present credit quality indicators related to Agricultural Finance and Infrastructure loans underlying LTSPCs and Farmer Mac Guaranteed Securities as of March 31, 2025 and December 31, 2024, by year of origination:Table 6.8As of March 31, 2025Year of Origination:20252024202320222021PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance:Internally Assigned Risk Rating:Acceptable$18,183 $86,202 $163,699 $249,627 $551,903 $1,842,141 $473,476 $3,385,231 Special mention(1)— — 7,839 12,444 7,717 48,271 12,226 88,497 Substandard(2)— — — 1,246 14,130 22,095 329 37,800 Total$18,183 $86,202 $171,538 $263,317 $573,750 $1,912,507 $486,031 $3,511,528 For the Three Months Ended March 31, 2025:Current period charge-offs$— $— $— $— $— $—