Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 181

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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 June 30, 2024Net Income/(Expense) Recognized in Consolidated Statement of Operations on DerivativesNet Interest IncomeNon-Interest IncomeTotalInterest Income Investments and Cash Equivalents Interest Income Farmer Mac Guaranteed Securities and USDA SecuritiesInterest Income LoansTotal Interest ExpenseLosses on financial derivatives(in thousands)Total amounts presented in the Consolidated Statement of Operations:$84,538 $166,063 $153,105 $(316,366)$(1,799)$85,541 Income/(expense) related to interest settlements on fair value hedging relationships:Recognized on derivatives10,408 39,134 17,827 (76,659)— (9,290)Recognized on hedged items10,309 52,651 16,705 (107,290)— (27,625)Premium/discount amortization recognized on hedged items487 — — (721)— (234)Income/(expense) related to interest settlements on fair value hedging relationships$21,204 $91,785 $34,532 $(184,670)$— $(37,149)Gains/(losses) on fair value hedging relationships:Recognized on derivatives$3,460 $6,926 $13,188 $30,872 $— $54,446 Recognized on hedged items(3,361)(6,508)(12,112)(29,861)— (51,842)Gains/(losses) on fair value hedging relationships$99 $418 $1,076 $1,011 $— $2,604 Expense related to interest settlements on cash flow hedging relationships:Interest settlements reclassified from AOCI into net income on derivatives$— $— $— $5,393 $— $5,393 Recognized on hedged items— — — (8,014)— (8,014)Discount amortization recognized on hedged items— — — (14)— (14)Expense recognized on cash flow hedges$— $— $— $(2,635)$— $(2,635)Losses on financial derivatives not designated in hedge relationships:Losses on interest rate swaps$— $— $— $— $(26)$(26)Interest expense on interest rate swaps— — —