Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 172

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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— — 38,360 (516)USDA Securities— — 1,789,302 (157,186)Total held-to-maturity$588,063 $(3,345)$2,367,391 $(162,932)

21

As of December 31, 2024 Available-for-Sale and Held-to-Maturity SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (in thousands)Available-for-sale:AgVantage$1,152,227 $(12,889)$3,649,845 $(314,587)Total available-for-sale$1,152,227 $(12,889)$3,649,845 $(314,587)Held-to-maturity:AgVantage$998,200 $(3,326)$1,187,464 $(18,266)Farmer Mac Guaranteed USDA Securities30,912 (529)8,070 (691)USDA Securities8,938 (164)2,099,695 (258,026)Total held-to-maturity$1,038,050 $(4,019)$3,295,229 $(276,983)The unrealized losses presented above are principally due to changes in interest rates from the date of acquisition to September 30, 2025 and December 31, 2024, as applicable.The credit exposure related to Farmer Mac's USDA Securities and Farmer Mac Guaranteed USDA Securities in the Agricultural Finance line of business is covered by the full faith and credit guarantee of the United States of America. The unrealized losses from AgVantage securities were on 51 and 66 available-for-sale securities as of September 30, 2025 and December 31, 2024, respectively. There were 22 and 45 held-to-maturity AgVantage securities with an unrealized loss as of September 30, 2025 and December 31, 2024, respectively. As of September 30, 2025 and December 31, 2024, 48 and 54 available-for-sale AgVantage securities had been in a loss position for more than 12 months, respectively. As of September 30, 2025 and December 31, 2024, there were 17 and 26 held