Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 131

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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 related tax impact for the three months ended March 31, 2025 and 2024: Table 1.4For the Three Months EndedMarch 31, 2025March 31, 2024Before TaxProvision (Benefit)After TaxBefore TaxProvision(Benefit)After Tax(in thousands)Other comprehensive income:Available-for-sale-securities:Unrealized holding gains on available-for-sale securities$21,766 $4,572 $17,194 $39,957 $8,392 $31,565 Less reclassification adjustments included in:Other income(1)(4)(1)(3)(5)(1)(4)Total$21,762 $4,571 $17,191 $39,952 $8,391 $31,561 Held-to-maturity securities:Less reclassification adjustments included in:Net interest income(2)(303)(64)(239)(634)(134)(500)Total$(303)$(64)$(239)$(634)$(134)$(500)Cash flow hedgesUnrealized (losses)/gains on cash flow hedges$(4,546)$(955)$(3,591)$11,717 $2,461 $9,256 Less reclassification adjustments included in:Net interest income(3)(3,825)(803)(3,022)(5,431)(1,141)(4,290)Total$(8,371)$(1,758)$(6,613)$6,286 $1,320 $4,966 Other comprehensive income$13,088 $2,749 $10,339 $45,604 $9,577 $36,027 (1)Represents amortization of deferred gains related to certain available-for-sale USDA Securities and Farmer Mac Guaranteed USDA Securities.(2)Relates to the amortization of unrealized gains or losses prior to the reclassification of these securities from available-for-sale to held-to-maturity. The amortization of unrealized gains or losses reported in AOCI for held-to-maturity securities will be offset by the amortization of the premium or discount created from the transfer into held-to-maturity securities, which occurred at fair value. These unrealized gains or losses will be recorded over the remaining life of the security with no impact on future net income.(3)Relates to the recognition of unrealized gains and losses on cash flow hedges