Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 50

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 50
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 $350,420 $(445,908)$22,631 $293,571 Income/(expense) related to interest settlements on fair value hedging relationships:Recognized on derivatives2,727 (19,486)(501)(61,941)— (79,201)Recognized on hedged items16,199 142,809 56,141 (132,406)— 82,743 Premium/discount amortization recognized on hedged items(754)— — (2,116)— (2,870)Income/(expense) related to interest settlements on fair value hedging relationships$18,172 $123,323 $55,640 $(196,463)$— $672 (Losses)/gains on fair value hedging relationships:Recognized on derivatives$104,722 $553,530 $351,116 $(489,445)$— $519,923 Recognized on hedged items(105,889)(553,393)(341,162)486,323 — (514,121)(Losses)/gains on fair value hedging relationships$(1,167)$137 $9,954 $(3,122)$— $5,802 Expense related to interest settlements on cash flow hedging relationships:Interest settlements reclassified from AOCI into net income on derivatives$— $— $— $1,213 $— $1,213 Recognized on hedged items— — — (12,847)— (12,847)Discount amortization recognized on hedged items— — — (57)— (57)Expense recognized on cash flow hedges$— $— $— $(11,691)$— $(11,691)Gains on financial derivatives not designated in hedge relationships:Gains on interest rate swaps$— $— $— $— $13,012 $13,012 Interest expense on interest rate swaps— — — — (7,619)(7,619)Treasury futures— — — — 17,238 17,238 Gains on financial derivatives not designated in hedge relationships$— $— $— $— $22,631 $22,631 The following table shows the carrying amount and associated cumulative basis adjustment related to the application of hedge