Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 35

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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$499,416 $983,198 $1,541,249 $2,179,587 $377,473 $6,855,731 Special mention(2)25,067 159,529 34,085 37,548 18,739 40,774 19,369 335,111 Substandard(3)2,328 17,821 36,679 60,541 27,741 150,413 20,382 315,905 Total$339,383 $1,140,170 $570,180 $1,081,287 $1,587,729 $2,370,774 $417,224 $7,506,747 For the Three Months Ended March 31, 2025:Current period charge-offs$— $— $— $— $— $— $— $— (1)Amounts represent unpaid principal balance of risk-rated loans, which is the basis Farmer Mac uses to analyze its portfolio, and recorded investment of past due loans.(2)Assets in the "Special mention" category generally have potential weaknesses due to performance issues but are currently considered to be adequately secured.  (3)Substandard assets have a well-defined weakness or weaknesses and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.As of March 31, 2025Year of Origination:20252024202320222021PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance - Corporate AgFinance(1):Internally Assigned Risk Rating:Acceptable$49,143 $208,911 $137,905 $64,537 $207,574 $213,314 $261,089 $1,142,473 Special mention(2)— — 36,874 — — 74,549 5,061 116,484 Substandard(3)— — 7,311 7,310 28,317 47,617 21,690 112,245 Total$49,143 $208,911 $182,090 $71,847 $235,891 $335,480 $287,840 $1,371,202 For the Three Months Ended March 31, 2025:Current period charge-offs