Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 210

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 210
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 $394 $19,478 Total available-for-sale19,082 — — 2 — 394 19,478 Farmer Mac Guaranteed Securities:Available-for-sale:AgVantage5,522,712 275,000 (344,788)56 (87,155)24,016 5,389,841 Farmer Mac Guaranteed Securities9,767 — (348)— — (109)9,310 Total available-for-sale5,532,479 275,000 (345,136)56 (87,155)23,907 5,399,151 USDA Securities:Trading1,241 — (216)— 1 — 1,026 Total USDA Securities1,241 — (216)— 1 — 1,026 Guarantee and commitment obligations:Guarantee Asset5,831 — (170)— (102)— 5,559 Total Guarantee and commitment obligations5,831 — (170)— (102)— 5,559 Total Assets at fair value$5,558,633 $275,000 $(345,522)$58 $(87,256)$24,301 $5,425,214 

48

The following tables present additional information about the significant unobservable inputs, such as discount rates and constant prepayment rates ("CPR"), used in the fair value measurements categorized in Level 3 of the fair value hierarchy as of June 30, 2025 and December 31, 2024:Table 9.3As of June 30, 2025Financial InstrumentsFair ValueValuation TechniqueUnobservable InputRange             (Weighted-Average)(in thousands)Assets:Investment securities:Floating rate auction-rate certificates backed by Government guaranteed student loans$19,475 Indicative bidsRange of broker quotes99.0% - 99.0% (99.0%)Farmer Mac Guaranteed Securities:AgVantage$5,722,890 Discounted cash flowDiscount rate4.6% - 5.2% (4.7%)Farmer Mac Guaranteed Securities$8,613 Discounted cash flowDiscount rate8.1%CPR3%USDA Securities$560 Discounted cash flowDiscount rate4.9% - 5.0% (4.9%)CPR10% - 12% (11