Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 48

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 48
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808)Gains/(losses) on fair value hedging relationships:Recognized on derivatives$29,181 $52,494 $71,213 $105,355 $— $258,243 Recognized on hedged items(28,502)(49,922)(66,852)(101,419)— (246,695)Gains/(losses) on fair value hedging relationships$679 $2,572 $4,361 $3,936 $— $11,548 Expense related to interest settlements on cash flow hedging relationships:Interest settlements reclassified from AOCI into net income on derivatives$— $— $— $20,657 $— $20,657 Recognized on hedged items— — — (31,241)— (31,241)Discount amortization recognized on hedged items— — — (34)— (34)Expense recognized on cash flow hedges$— $— $— $(10,618)$— $(10,618)Gains on financial derivatives not designated in hedging relationships:Gains on interest rate swaps$— $— $— $— $2,424 $2,424 Interest expense on interest rate swaps— — — — (1,377)(1,377)Treasury futures— — — — 1,589 1,589 Gains on financial derivatives not designated in hedge relationships$— $— $— $— $2,636 $2,636 

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For the Year Ended December 31, 2023Net 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 ExpenseGains on financial derivatives(in thousands)Total amounts presented in the consolidated statement of operations:$287,144 $590,250 $514,894 $(1,064,741)$2,882 $330,429 Income/(expense) related to interest settlements on fair value hedging relationships:Recognized on derivatives35,377 146,027 64,648 (345,852)— (99,800)Recognized on hedged items33,488 183,396