Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 181

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 181
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 the Hedged Assets/(Liabilities)September 30, 2025December 31, 2024September 30, 2025December 31, 2024(in thousands)Investment securities, Available-for-Sale, at fair value(1)$1,737,542 $1,477,880 $(56,513)$(117,137)Farmer Mac Guaranteed Securities, Available-for-Sale, at fair value(2)5,817,102 5,478,484 (168,323)(307,358)Loans held for investment, at amortized cost2,137,711 1,816,738 (308,167)(372,444)Notes Payable(3)(11,506,463)(11,899,049)7,710 148,999 (1)Amortized cost of $1.8 billion and $1.6 billion as of September 30, 2025 and December 31, 2024, respectively.(2)Amortized cost of $6.0 billion and $5.8 billion as of September 30, 2025 and December 31, 2024, respectively.(3)Carrying amount represents amortized cost.The following tables present the fair value of financial assets and liabilities, based on the terms of Farmer Mac's master netting arrangements as of September 30, 2025 and December 31, 2024:Table 4.4September 30, 2025Gross Amount RecognizedGross Amounts offset in the Consolidated Balance SheetNet Amount Presented in the Consolidated Balance Sheet(1)Gross Amounts Not Offset in the Consolidated Balance SheetNetting AdjustmentsFinancial instruments pledgedCash CollateralNet Amount(2)(in thousands)Assets:Uncleared derivatives$32,019 $— $32,019 $(19,187)$— $(12,630)$202 Cleared derivatives4,172 (3,595)577 — — — 577 Total$36,191 $(3,595)$32,596 $(19,187)$— $(12,630)$779 Liabilities:Uncleared derivatives$(29,129)$— $(29,129)$19,187 $— $6,589 $(3,353)Cleared derivatives(3,595)3,595 — — — — — Total