Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 57

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 57
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 1,381,674 1,259,723 — 1,259,723 Total Agricultural Finance loans6,796,406 2,038,283 8,834,689 6,393,173 1,432,261 7,825,434 Infrastructure Finance loans4,774,483 — 4,774,483 3,534,763 — 3,534,763 Total unpaid principal balance(1)11,570,889 2,038,283 13,609,172 9,927,936 1,432,261 11,360,197 Unamortized premiums, discounts, fair value hedge basis adjustment, and other cost basis adjustments(381,311)— (381,311)(304,817)— (304,817)Total loans11,189,578 2,038,283 13,227,861 9,623,119 1,432,261 11,055,380 Allowance for losses(22,594)(629)(23,223)(15,588)(443)(16,031)Total loans, net of allowance$11,166,984 $2,037,654 $13,204,638 $9,607,531 $1,431,818 $11,039,349 (1)Unpaid principal balance is the basis of presentation in disclosures of outstanding balances for Farmer Mac's lines of business. 

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Allowance for LossesThe following table is a summary, by asset type, of the allowance for losses as of December 31, 2024 and 2023:Table 8.2December 31, 2024December 31, 2023Allowance for LossesAllowance for Losses(in thousands)Loans:Agricultural Finance loansFarm & Ranch$5,132 $3,936 Corporate AgFinance5,379 2,948 Total Agricultural Finance loans10,511 6,884 Infrastructure Finance loans12,712 9,147 Total$23,223 $16,031 The following is a summary of the changes in the allowance for losses for each year in the three-yearperiod ended December 31, 2024:Table 8.3Agricultural Finance loansInfrastructureFinance loans(3)Farm & Ranch(1)Corporate AgFinance(2)Total(in thousands)Balance as of December