Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 171

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 171
---
246 (1,220)49,328 Total Farmer Mac Guaranteed Securities2,744,767 (26,901)2,717,866 (178)6,224 (22,812)2,701,100 USDA Securities2,351,334 19,200 2,370,534 — 180 (258,190)2,112,524 Total held-to-maturity$5,096,101 $(7,701)$5,088,400 $(178)$6,404 $(281,002)$4,813,624 Trading:   USDA Securities(4)$814 $42 $856 $— $— $(38)$818 (1)Amounts presented exclude $57.5 million and $59.8 million of accrued interest receivable on available-for-sale and held-to-maturity securities, respectively, as of December 31, 2024.(2)Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in the Consolidated Statement of Operations as a provision for losses. Amount excludes unrealized losses relating to non-credit factors.(3)The fair value of $9.0 million relates to an interest-only security with a notional amount of $228.0 million.(4)The trading USDA securities had a weighted average yield of 5.47% as of December 31, 2024.As of September 30, 2025 and December 31, 2024, unrealized losses on available-for-sale and held-to-maturity on-balance sheet Farmer Mac Guaranteed Securities and USDA Securities were as follows:Table 3.2As of September 30, 2025 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$446,255 $(3,745)$3,438,088 $(212,328)Total available-for-sale$446,255 $(3,745)$3,438,088 $(212,328)Held-to-maturity:AgVantage$588,063 $(3,345)$539,729 $(5,230)Farmer Mac Guaranteed USDA Securities