Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 185

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 185
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 EndedBeginning Balance$6,635 $6,943 $13,578 $16,378 $4,676 $4,014 $8,690 $7,810 Provision for losses 4,067 2,811 6,878 700 156 1,755 1,911 1,540 Charge-offs(1,243)(3,180)(4,423)— — — — — Recovery1,675 554 2,229 — — — — — Ending Balance$11,134 $7,128 $18,262 $17,078 $4,832 $5,769 $10,601 $9,350 For the Nine Months EndedBeginning Balance$5,132 $5,379 $10,511 $12,712 $3,936 $2,948 $6,884 $9,147 Provision for/(release of) losses 8,410 4,252 12,662 4,366 997 6,763 7,760 203 Charge-offs(4,083)(3,180)(7,263)— (101)(3,942)(4,043)— Recovery1,675 677 2,352 — — — — — Ending Balance$11,134 $7,128 $18,262 $17,078 $4,832 $5,769 $10,601 $9,350 (1)As of September 30, 2025 and 2024, the allowance for losses for Agricultural Finance Farm & Ranch loans includes $2.3 million and $1.2 million allowance for collateral dependent assets secured by agricultural real estate, respectively.(2)As of September 30, 2025 and 2024, the allowance for losses for Agricultural Finance Corporate AgFinance loans includes $1.0 million and $1.1 million allowance for collateral dependent assets secured by agricultural real estate, respectively.(3)As of both September 30, 2025 and 2024, the allowance for losses for Infrastructure Finance loans includes no allowance for collateral dependent assets. The $6.9 million net provision to the allowance for the Agricultural Finance mortgage loan portfolio during the quarter ended September 30, 2025 consisted