Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 79

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 79
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 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.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 December 31, 2024 and 2023, by year of origination:

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Table 12.9As of December 31, 2024Year of Origination:20242023202220212020PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance:Internally Assigned Risk Rating:Acceptable$70,757 $163,646 $267,551 $563,747 $583,598 $1,312,988 $452,909 $3,415,196 Special mention(1)— 5,963 4,920 15,954 4,354 44,964 12,197 88,352 Substandard(2)— — 1,246 1,135 6,345 21,297 1,217 31,240 Total$70,757 $169,609 $273,717 $580,836 $594,297 $1,379,249 $466,323 $3,534,788 For the Year Ended December 31, 2024:Current period charge-offs$— $— $— $— $— $— $— $— (1)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (2)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.As of December 31, 2024Year of Origination:20242023202220212020PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Infrastructure Finance:Internally Assigned Risk Rating:Acceptable$— $— $— $— $— $355,848 $376,883 $732,731 Special mention(1)— — — — — — — — Substandard(2)— — — — —