Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 45

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 45
---
 Total$1,620 $1,623 The following is a summary of the net changes in the reserve for losses for the three and six months ended June 30, 2025 and 2024:Table 6.6For the Three Months EndedFor the Six Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Reserve for LossesReserve for LossesReserve for LossesReserve for Losses(in thousands)Agricultural FinanceBeginning Balance $1,335 $1,407 $1,431 $1,471 Provision for/(release of) losses97 36 1 (28)Ending Balance$1,432 $1,443 $1,432 $1,443 Infrastructure FinanceBeginning Balance$186 $235 $192 $240 Provision for/(release of) losses2 16 (4)11 Ending Balance$188 $251 $188 $251 The net provision to the reserve for losses during the three and six months ended June 30, 2025 for both Agricultural Finance and Infrastructure Finance was primarily due to declining economic forecast factors.The following table presents the unpaid principal balances by delinquency status of Agricultural Finance and Infrastructure Finance loans underlying LTSPCs and Farmer Mac Guaranteed Securities as of June 30, 2025 and December 31, 2024:

37

Table 6.7As of June 30, 2025Current30-59 Days60-89 Days90 Days and Greater(1)Total Past DueTotal Loans(in thousands)Agricultural Finance:$3,457,042 $10,608 $9,901 $2,475 $22,984 $3,480,026 Infrastructure Finance:1,154,326 — — — — 1,154,326 Total$4,611,368 $10,608 $9,901 $2,475 $22,984 $4,634,352 (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.As of December 31, 2024Current30-59