Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 175

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 175
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 Amount excludes unrealized losses relating to non-credit factors.(3)Fair value includes $9.0 million of an interest-only security with a notional amount of $228.0 million.(4)The trading USDA securities had a weighted average yield of 5.47% as of December 31, 2024.As of June 30, 2025 and December 31, 2024, unrealized losses on available-for-sale and held-to-maturity on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities were as follows:Table 3.2As of June 30, 2025 Available-for-Sale and Held-to-Maturity SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (in thousands)Available-for-sale:AgVantage$720,505 $(755)$3,442,744 $(233,862)Total available-for-sale$720,505 $(755)$3,442,744 $(233,862)Held-to-maturity:AgVantage$796,985 $(4,542)$784,478 $(8,893)Farmer Mac Guaranteed USDA Securities30,069 (638)7,962 (563)USDA Securities1,623 (23)1,797,100 (210,189)Total held-to-maturity$828,677 $(5,203)$2,589,540 $(219,645)

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As of December 31, 2024 Available-for-Sale and Held-to-Maturity SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (in thousands)Available-for-sale:AgVantage$1,152,227 $(12,889)$3,649,845 $(314,587)Total available-for-sale$1,152,227 $(12,889)$3,649,845 $(314,587)Held-to-maturity:AgVantage$998,200 $(3,326)$1,187,464 $(18,266)Farmer Mac Guaranteed USDA Securities30,912 (529)8,070 (691)USDA