Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 199

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 199
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 a non-recurring basis as of September 30, 2025 or December 31, 2024.  Transfers in and/or out of the different levels within the fair value hierarchy are based on the fair values of the assets and liabilities as of the beginning of the reporting period. During the three and nine months ended September 30, 2025 and 2024, there were no transfers within the fair value hierarchy.

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The following tables present additional information about assets and liabilities measured at fair value on a recurring basis for which Farmer Mac has used significant unobservable inputs to determine fair value.  Net transfers in and/or out of Level 3 are based on the fair values of the assets and liabilities as of the beginning of the reporting period. There were no liabilities measured at fair value using significant unobservable inputs during the three and nine months ended September 30, 2025 and 2024.Table 9.2Level 3 Assets and Liabilities Measured at Fair Value for the Three Months Ended September 30, 2025Beginning BalancePurchasesSettlementsAllowance for LossesRealized andunrealized gains/(losses) included in IncomeUnrealized gainsincluded in OtherComprehensiveIncomeEnding Balance(in thousands)Recurring:Assets:Investment Securities:Available-for-sale:Floating rate auction-rate certificates backed by Government guaranteed student loans$19,475 $— $— $7 $— $— $19,482 Total available-for-sale19,475 — — 7 — — 19,482 Farmer Mac Guaranteed Securities:Available-for-sale:AgVantage5,722,890 350,000 (249,516)53 19,290 2,925 5,845,642 Farmer Mac Guaranteed Securities8,613 — (164)— — 7 8,456 Total available-for-sale5,731,503 350,000 (249,680)53 19,290 2,932 5,854,098 USDA Securities:Trading560 — (109)— 5 — 456 Total USDA Securities560 — (109)— 5 — 456 Guarantee and commitment obligations:Guarantee Asset5,141 — (84)— (8)— 5,049 Total Guarantee and commitment obligations5,141 — (84)— (