Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 182

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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$(32,724)$3,595 $(29,129)$19,187 $— $6,589 $(3,353)(1)Amounts presented may not agree to the consolidated balance sheet related to counterparties not subject to master netting agreements.(2)Any over-collateralization at an individual clearing agent and/or counterparty level is not included in the determination of the net amount. As of September 30, 2025, Farmer Mac had additional net exposure of $232.9 million due to instances where Farmer Mac's collateral to a counterparty exceeded the net derivative position and $15.5 million due to instances where Farmer Mac's collateral from a counterparty exceeded the net derivative position.

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December 31, 2024Gross Amount RecognizedGross Amounts offset in the Consolidated Balance SheetNet Amount Presented in the Consolidated Balance SheetGross Amounts Not Offset in the Consolidated Balance SheetNetting AdjustmentsFinancial instruments pledgedCash CollateralNet Amount(1)(in thousands)Assets:Uncleared derivatives$22,759 $— $22,759 $(22,061)$— $(652)$46 Cleared derivatives5,492 (462)5,030 — (5,030)— — Total$28,251 $(462)$27,789 $(22,061)$(5,030)$(652)$46 Liabilities:Uncleared derivatives$(77,326)$— $(77,326)$22,061 $— $44,299 $(10,966)Cleared derivatives(462)462 — — — — — Total$(77,788)$462 $(77,326)$22,061 $— $44,299 $(10,966)(1)Any over-collateralization at an individual clearing agent and/or counterparty level is not included in the determination of the net amount. As of December 31, 2024, Farmer Mac had additional net exposure of $209.0 million due to instances where Farmer Mac's collateral to a counterparty exceeded the net derivative position and $4.7 million due to instances where Farmer Mac's collateral from a counterparty exceeded the net derivative position.Farmer Mac records posted cash as a reduction in the outstanding balance of cash and cash equivalents and an increase in the balance of prepaid expenses and other assets. Any investment securities posted as collateral are