Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 216

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 216
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352)— (3,744)Net effective spread34,156 7,866 5,253 2,393 2,999 30,268 661 83,596 Guarantee and commitment fees(3)4,612 127 245 56 216 — — 5,256 Other income/(expense)517 (1,152)— — — — 1,059 424 (Provision for)/release of losses(247)(5,354)116 371 (1,117)— 1 (6,230)Operating expenses(1)(5,866)(1,905)(1,016)(893)(1,186)(2,318)(654)(13,838)Income tax (expense)/benefit(6,967)88 (966)(405)(192)(5,870)(224)(14,536)Segment core earnings$26,205 $(330)$3,632 $1,522 $720 $22,080 $843 $54,672 Reconciliation to net income:Net effects of derivatives and trading securities$653 Unallocated (expense)/income(10,643)Income tax effect related to reconciling items2,423 Net income$47,105 Total Assets:Total on- and off-balance sheet segment assets at principal balance$18,504,501 $1,816,893 $7,008,275 $553,198 $875,472 $— $— $28,758,339 Off-balance sheet assets under management(4,569,607)Unallocated assets6,005,582 Total assets on the Consolidated Balance Sheets$30,194,314 (1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2)Includes the amortization of premiums and discounts on assets consolidated at fair value, originally included in interest income, to reflect core earnings amounts; the reclassification of interest expense related to interest rate swaps not designated as hedges, which are included in "Gains/(losses) on financial derivatives" on the consolidated financial statements, to determine the effective funding cost for each operating segment; and excludes the fair value changes of financial derivatives and the corresponding assets or liabilities designated in fair value hedge accounting relationships.(3)Includes the reclassification of interest income and interest expense from consolidated trusts owned