Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 161

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 161
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466,323 $3,534,788 For the Three Months Ended March 31, 2024:Current period charge-offs$— $— $— $— $— $— $— $— (1)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (2)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.As of December 31, 2024Year of Origination:20242023202220212020PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Infrastructure Finance:Internally Assigned Risk Rating:Acceptable$— $— $— $— $— $355,848 $376,883 $732,731 Special mention(1)— — — — — — — — Substandard(2)— — — — — — — — Total$— $— $— $— $— $355,848 $376,883 $732,731 For the Three Months Ended March 31, 2024:Current period charge-offs$— $— $— $— $— $— $— $— (1)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (2)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.

7.NOTES PAYABLE

Farmer Mac's borrowings consist of discount notes and medium-term notes, both of which are unsecured general obligations of Farmer Mac. Discount notes generally have original maturities of 1 year or less, whereas medium-term notes generally have maturities of 0.5 years to 25.0 years.

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The following tables set forth information related to Farmer Mac's borrowings as of March 31, 2025 and December 31, 2024:Table 7.1 March 31, 2025 Outstanding as of March 31Average Outstanding During the Quarter  AmountWeighted- Average RateAmountWeighted- Average Rate  (dollars