Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 80

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 80
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 — — — Total$— $— $— $— $— $355,848 $376,883 $732,731 For the Year Ended December 31, 2024:Current period charge-offs$— $— $— $— $— $— $— $— (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.

178

As of December 31, 2023Year of Origination:20232022202120202019PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance:Internally Assigned Risk Rating:Acceptable$169,429 $246,441 $515,396 $534,395 $264,815 $1,185,811 $391,335 $3,307,622 Special mention(1)— 71 2,466 872 531 44,631 8,565 57,136 Substandard(2)— — — 131 1,536 26,328 5,091 33,086 Total$169,429 $246,512 $517,862 $535,398 $266,882 $1,256,770 $404,991 $3,397,844 For the Year Ended December 31, 2023:Current period charge-offs$— $— $— $— $— $— $— $— (1)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (2)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.As of December 31, 2023Year of Origination:20232022202120202019PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Infrastructure Finance:Internally Assigned Risk Rating:Acceptable$— $— $— $— $— $419,190 $115,823 $535,013