Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 53

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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$5,200,969 $5,756,679 $12,441,885 Liabilities:    Financial derivatives$21 $53,676 $— $53,697 Total Liabilities at fair value$21 $53,676 $— $53,697 (1) Level 3 assets represent 17% of total assets and 46% of financial instruments measured at fair value.

44

Assets and Liabilities Measured at Fair Value as of December 31, 2024 Level 1Level 2Level 3(1)Total (in thousands)Recurring: Assets:    Investment Securities:    Available-for-sale:    Floating rate auction-rate certificates backed by Government guaranteed student loans$— $— $19,476 $19,476 Floating rate Government/GSE guaranteed mortgage-backed securities— 2,305,725 — 2,305,725 Fixed rate GSE guaranteed mortgage-backed securities— 2,337,967 — 2,337,967 Fixed rate U.S. Treasuries1,289,846 — — 1,289,846 Total Available-for-sale Investment Securities1,289,846 4,643,692 19,476 5,953,014 Farmer Mac Guaranteed Securities:    Available-for-sale:    AgVantage— — 5,505,531 5,505,531 Farmer Mac Guaranteed Securities— — 9,015 9,015 Total Farmer Mac Guaranteed Securities— — 5,514,546 5,514,546 USDA Securities:    Trading— — 818 818 Total USDA Securities— — 818 818 Loans:Loans held for sale, at lower of cost or fair value— 6,160 — 6,160 Total Loans— 6,160 — 6,160 Financial derivatives47 27,742 — 27,789 Guarantee Asset— — 5,382 5,382 Total Assets at fair value$1,289,893 $4,677,594 $5,540,222 $11,507,709 Liabilities:    Financial derivatives$— $77,326 $— $77,326 Total Liabilities at fair value$—