Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 139

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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 Held-to-Maturity and Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (in thousands)Held-to-maturity:AgVantage$258,468 $(1,047)$1,232,355 $(13,443)Farmer Mac Guaranteed USDA Securities30,584 (446)8,088 (567)USDA Securities— — 1,806,718 (210,102)Total held-to-maturity$289,052 $(1,493)$3,047,161 $(224,112)Available-for-sale:AgVantage$428,719 $(1,375)$3,442,179 $(251,421)Total available-for-sale$428,719 $(1,375)$3,442,179 $(251,421)

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As of December 31, 2024 Held-to-Maturity and Available-for-Sale SecuritiesUnrealized loss position forless than 12 monthsUnrealized loss position formore than 12 monthsFair ValueUnrealizedLossFair ValueUnrealizedLoss (in thousands)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)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)The unrealized losses presented above are principally due to changes in interest rates from the date of acquisition to March 31, 2025 and December 31, 2024, as applicable.The credit exposure related to Farmer Mac's USDA Securities in the Agricultural Finance line of business is covered by the full faith and credit guarantee of the United States of