Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 135

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 135
---
-sale investment securities were as follows:Table 2.2 As of March 31, 2025 Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (dollars in thousands)Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,353 $(320)Floating rate Government/GSE guaranteed mortgage-backed securities480,450 (593)1,014,378 (13,295)Fixed rate Government/GSE guaranteed mortgage-backed securities487,530 (7,324)971,658 (99,490)Fixed rate U.S. Treasuries309,390 (1,266)46,048 (154)Total$1,277,370 $(9,183)$2,051,437 $(113,259)Number of securities in loss position64 157 

14

 As of December 31, 2024 Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (dollars in thousands)Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,476 $(197)Floating rate Government/GSE guaranteed mortgage-backed securities269,862 (420)1,025,360 (13,530)Fixed rate Government/GSE guaranteed mortgage-backed securities999,793 (17,682)946,166 (125,068)Fixed rate U.S. Treasuries590,307 (4,375)58,523 (317)Total$1,859,962 $(22,477)$2,049,525 $(139,112)Number of securities in loss position90 155 The unrealized losses presented above are principally due to a general widening of market spreads and changes in the levels of interest rates from the dates of acquisition to March 31, 2025 and December 31, 2024, as applicable. The resulting decrease in fair values reflects an increase in the perceived risk by the financial markets related to those securities. As of both March 31, 2025