Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 32

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 netting arrangements as of June 30, 2025 and December 31, 2024:Table 4.4June 30, 2025Gross Amount RecognizedGross Amounts offset in the Consolidated Balance SheetNet Amount Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance SheetNetting AdjustmentsFinancial instruments pledgedCash CollateralNet Amount(1)(in thousands)Assets:Uncleared derivatives$30,650 $— $30,650 $(22,991)$— $(7,659)$— Cleared derivatives2,311 (2,311)— — — — — Total$32,961 $(2,311)$30,650 $(22,991)$— $(7,659)$— Liabilities:Uncleared derivatives$(39,992)$— $(39,992)$22,991 $— $12,727 $(4,274)Cleared derivatives(16,016)2,311 (13,705)— 13,705 — — Total$(56,008)$2,311 $(53,697)$22,991 $13,705 $12,727 $(4,274)(1)Any over-collateralization at an individual clearing agent and/or counterparty level is not included in the determination of the net amount. As of June 30, 2025, Farmer Mac had additional net exposure of $214.5 million due to instances where Farmer Mac's collateral to a counterparty exceeded the net derivative position and $14.0 million due to instances where Farmer Mac's collateral from a counterparty exceeded the net derivative position.

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December 31, 2024Gross Amount RecognizedGross Amounts offset in the Consolidated Balance SheetNet Amount Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance SheetNetting AdjustmentsFinancial instruments pledgedCash CollateralNet Amount(1)(in thousands)Assets:Uncleared derivatives$22,759 $— $22,759 $(22,061)$— $(652)$46 Cleared derivatives5,492 (462)5,030 — (5,030)— — Total$28,251 $(462)$27,789 $(22,061)$(5,030)$(652)$46 Liabilities:Uncleared derivatives$(