Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 133

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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 Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac). GSE securities are not guaranteed by the U.S. government;•U.S. Treasury Obligations: sovereign debt issued by the United States of America.The following tables set forth information about Farmer Mac's available-for-sale and held-to-maturity investment securities as of March 31, 2025 and December 31, 2024: Table 2.1 As of March 31, 2025Amount OutstandingUnamortized Premium/(Discount)AmortizedCost(1)Allowance for losses(2)UnrealizedGainsUnrealizedLossesFair Value (in thousands)Available-for-sale:    Floating rate auction-rate certificates backed by Government guaranteed student loans$19,700 $— $19,700 $(27)$— $(320)$19,353 Floating rate Government/GSE guaranteed mortgage-backed securities2,404,113 (1,174)2,402,939 — 3,046 (13,888)2,392,097 Fixed rate Government/GSE guaranteed mortgage-backed securities2,661,093 (65,956)2,595,137 — 15,589 (106,814)2,503,912 Fixed rate U.S. Treasuries1,320,517 (9,105)1,311,412 — 4,726 (1,420)1,314,718 Total available-for-sale6,405,423 (76,235)6,329,188 (27)23,361 (122,442)6,230,080 Held-to-maturity:Floating rate Government/GSE guaranteed mortgage-backed securities(3)9,125 — 9,125 — 309 — 9,434 Total held-to-maturity$9,125 $— $9,125 $— $309 $— $9,434 (1)Amounts presented exclude $27.1 million of accrued interest receivable on investment securities as of March 31, 2025.(2)Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in the consolidated statement of operations as a provision for losses. Amount excludes unrealized losses relating to non-credit factors.(3)The held-to-maturity investment securities had a weighted average yield of 6