Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 192

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 192
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 the Three Months Ended September 30, 2024:Current period charge-offs$— $— $— $— $— $— $— $— For the Nine Months Ended September 30, 2024:Current period charge-offs$— $— $— $— $— $— $3,942 $3,942 (1)Amounts represent unpaid principal balance of risk-rated loans, which is the basis Farmer Mac uses to analyze its portfolio, and recorded investment of past due loans.(2)Special mention assets generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (3)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.

37

As of December 31, 2024Year of Origination:20242023202220212020PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Infrastructure Finance loans(1):Internally Assigned Risk Rating:Acceptable$1,158,427 $521,143 $578,882 $174,232 $574,135 $1,229,626 $461,162 $4,697,607 Special mention(2)— — 34,388 — — — — 34,388 Substandard(3)— 13,356 29,132 — — — — 42,488 Total $1,158,427 $534,499 $642,402 $174,232 $574,135 $1,229,626 $461,162 $4,774,483 For the Three Months Ended September 30, 2024:Current period charge-offs$— $— $— $— $— $— $— $— For the Nine Months Ended September 30, 2024:Current period charge-offs$— $— $— $— $— $— $— $— (1)Amounts represent unpaid principal balance of risk-rated loans, which is the basis Farmer Mac uses to analyze its portfolio, and recorded investment of past due loans.(2)Special mention assets generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (3)