Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 107

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 107
---
— — %Greater than 100%— %3,271 — — %Enterprise Value(4)7 %891,632 — — %Total100 %$13,122,678 $177,759 1.35 %By size of borrower exposure(5):Less than $1,000,00026 %$3,408,681 $14,532 0.43 %$1,000,000 to $4,999,99940 %5,298,808 84,355 1.59 %$5,000,000 to $9,999,99914 %1,855,747 41,268 2.22 %$10,000,000 to $24,999,99912 %1,534,634 — — %$25,000,000 and greater8 %1,024,808 37,604 3.67 %Total100 %$13,122,678 $177,759 1.35 %

(1)Includes loans held and 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.

(2)Geographic regions:  Northwest (AK, ID, MT, OR, WA, WY); Southwest (AZ, CA, CO, HI, NM, NV, UT); Mid-North (IA, IL, IN, MI, MN, NE, ND, SD, WI); Mid-South (AR, KS, LA, MO, OK, TX); Northeast (CT, DE, KY, MA, MD, ME, NH, NJ, NY, OH, PA, RI, VA, VT, WV); Southeast (AL, FL, GA, MS, NC, SC, TN).

(3)Primarily part-time farm loans. Loans with an original loan-to-value ratio of greater than 80% are required to have private mortgage insurance.

(4)"Enterprise Value" loans are generally secured by all business assets and common stock (in addition to first lien mortgages) of the borrower and the value of the borrowing entity depends on its ability to generate recurring positive cash flow. Enterprise Value is the estimated value of the borrower as a going 

89