Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 149

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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005,680 $7,506,747 $5,414,732 $2,038,283 $7,453,015 Corporate AgFinance1,371,202 — 1,371,202 1,381,674 — 1,381,674 Total Agricultural Finance loans6,872,269 2,005,680 8,877,949 6,796,406 2,038,283 8,834,689 Infrastructure Finance loans5,108,990 — 5,108,990 4,774,483 — 4,774,483 Total unpaid principal balance(1)11,981,259 2,005,680 13,986,939 11,570,889 2,038,283 13,609,172 Unamortized premiums, discounts, fair value hedge basis adjustment, and other cost basis adjustments(338,399)— (338,399)(381,311)— (381,311)Total loans11,642,860 2,005,680 13,648,540 11,189,578 2,038,283 13,227,861 Allowance for losses(24,356)(700)(25,056)(22,594)(629)(23,223)Total loans, net of allowance$11,618,504 $2,004,980 $13,623,484 $11,166,984 $2,037,654 $13,204,638 (1)Unpaid principal balance is the basis of presentation in disclosures of outstanding balances for Farmer Mac's lines of business. Allowance for LossesThe following table is a summary, by asset type, of the allowance for losses as of March 31, 2025 and December 31, 2024:Table 5.2March 31, 2025December 31, 2024Allowance for LossesAllowance for Losses(in thousands)Loans:Agricultural Finance loansFarm & Ranch$5,071 $5,132 Corporate AgFinance6,298 5,379 Total Agricultural Finance loans11,369 10,511 Infrastructure Finance loans13,687 12,712 Total$25,056 $23,223 

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The following is a summary of the changes in the allowance for losses for the three months ended March