Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 90

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 90
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310,241 $1,603,516 Interest expense(1)(475,248)(70,695)(240,600)(27,282)(40,471)(89,698)(305,655)(1,249,649)Less: reconciling adjustments(2)(3)(4,458)— (49)— — (9,796)— (14,303)Net effective spread135,310 30,125 19,987 10,943 13,717 124,896 4,586 339,564 Guarantee and commitment fees(3)17,695 571 966 464 625 — — 20,321 Other income/(expense)3,167 (2,055)— — — — 1,076 2,188 (Provision for)/release of losses(1,147)(6,850)274 1,469 (5,236)— — (11,490)Operating expenses(1)(24,741)(7,905)(4,281)(3,666)(4,848)(10,855)(3,108)(59,404)Income tax (expense)/benefit(27,360)(2,916)(3,559)(1,934)(894)(23,949)(536)(61,148)Segment core earnings$102,924 $10,970 $13,387 $7,276 $3,364 $90,092 $2,018 $230,031 Reconciliation to net income:Net effects of derivatives and trading securities$13,141 Unallocated (expenses)/income(46,217)Income tax effect related to reconciling items10,238  Net income$207,193 Total Assets:Total on- and off-balance sheet segment assets at principal balance$18,606,968 $1,887,705 $6,809,366 $802,466 $1,416,525 $— $— $29,523,030 Off-balance sheet assets under management(4,981,285)Unallocated assets6,782,997 Total assets on the consolidated balance sheets$31,324,742 (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