Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 40

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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,478 $7,268 $6,359 $30,105 $123,546 $7,453,015 Corporate AgFinance1,336,305 — — — — 45,369 1,381,674 Total Agricultural Finance loans8,635,669 16,478 7,268 6,359 30,105 168,915 8,834,689 Infrastructure Finance loans4,774,483 — — — — — 4,774,483 Total $13,410,152 $16,478 $7,268 $6,359 $30,105 $168,915 $13,609,172 (1)Current loan amounts are presented based on contractual unpaid principal balance, while past due loan amounts are presented based on the recorded investment of the loan.(2)Includes loans in consolidated trusts with beneficial interests owned (single-class) by third parties that are 90 days or more past due.(3)Primarily consists of loans that are 90 days or more past due, in foreclosure, or in bankruptcy with at least one missed payment, excluding loans performing under either their original loan terms or a court-approved bankruptcy plan.(4)Includes $41.5 million of nonaccrual loans for which there was no associated allowance. During the year ended December 31, 2024, Farmer Mac received  $4.9 million in interest on nonaccrual loans.Credit Quality IndicatorsThe following tables present credit quality indicators related to Agricultural Finance mortgage loans and Infrastructure Finance loans held as of September 30, 2025 and December 31, 2024, by year of origination:Table 5.5As of September 30, 2025Year of Origination:20252024202320222021PriorRevolving Loans - Amortized Cost BasisTotal(in thousands)Agricultural Finance - Farm & Ranch loans(1):Internally Assigned Risk Rating:Acceptable$1,136,666 $906,673 $463,709 $932,214 $1,462,387 $1,968,424 $387,741 $7,257,814 Special mention(2)160,944 154,433 35,925 43,054 30,912 55,304 22,243 502,815 Substandard(3)