Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 85

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 85
---
 — (550)— 24 — — 1,241 Guarantee and commitment obligations:Guarantee Asset4,467 — (590)— 1,954 — — 5,831 Total Guarantee and commitment obligations4,467 — (590)— 1,954 — — 5,831 Total Assets at fair value$7,632,487 $2,084,650 $(1,563,860)$236 $91,607 $(2,391)$(2,684,096)$5,558,633 (1)Includes $2.7 billion of AgVantage Securities transferred from available-for-sale to held-to-maturity on July 1, 2023. 

183

Level 3 Assets and Liabilities Measured at Fair Value for the Year Ended December 31, 2022Beginning BalancePurchasesSettlementsAllowance for LossesRealized andunrealized losses included in IncomeUnrealized lossesincluded in OtherComprehensiveIncomeEnding Balance(in thousands)Recurring:Assets:Investment Securities:Available-for-sale:Floating rate auction-rate certificates backed by Government guaranteed student loans$19,254 $— $— $19 $— $(246)$19,027 Total available-for-sale19,254 — — 19 — (246)19,027 Farmer Mac Guaranteed Securities:Available-for-sale:AgVantage6,316,145 3,411,665 (1,526,303)(283)(552,907)(48,938)7,599,379 Farmer Mac GuaranteedSecurities12,414 — (1,675)— — (2,892)7,847 Total available-for-sale6,328,559 3,411,665 (1,527,978)(283)(552,907)(51,830)7,607,226 USDA Securities:Trading4,401 — (2,583)— (51)— 1,767 Total USDA Securities4,401 — (2,583)— (51)— 1,767 Guarantee and commitment obligations:Guarantee Asset6,237 — (903)— (867)— 4,467 Total Guarantee and commitment obligations6,237 — (903)— (867)— 4,467