Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 81

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 $88,985 4.71 %$6,229,727 $84,538 5.43 %Loans, Farmer Mac Guaranteed Securities and USDA Securities(1)23,958,468 300,072 5.01 %23,229,634 309,277 5.33 %Total interest-earning assets31,515,820 389,057 4.94 %29,459,361 393,815 5.35 %Funding:    Total interest-bearing liabilities(2)29,437,344 293,247 3.98 %27,458,620 307,846 4.48 %Net non-interest-bearing funding2,078,476 — 2,000,741 — Total funding31,515,820 293,247 3.72 %29,459,361 307,846 4.18 %Net interest income/yield prior to consolidation of certain trusts31,515,820 95,810 1.22 %29,459,361 85,969 1.17 %Net effect of consolidated trusts(3)870,136 987 0.45 %907,509 1,371 0.60 %Net interest income/yield$32,385,956 $96,797 1.20 %$30,366,870 $87,340 1.15 %

(1)Excludes interest income of $10.0 million and $9.9 million in second quarter 2025 and 2024, respectively, related to consolidated trusts with beneficial interests owned by third parties (single-class).

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(2)Excludes interest expense of $9.0 million and $8.5 million in second quarter 2025 and 2024, respectively, related to consolidated trusts with beneficial interests owned by third parties (single-class).

(3)Includes the effect of consolidated trusts with beneficial interests owned by third parties (single-class).

  For the Six Months Ended June 30, 2025June 30, 2024AverageBalanceIncome/ExpenseAverageRateAverageBalanceIncome/ExpenseAverageRate (dollars in thousands)Interest-earning assets:     Cash and investments$7,377,693 $172,293 4.67 %$6,237,051 $169,462 5