Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 37

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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, 2025 and 2024:Table 5.3September 30, 2025September 30, 2024Agricultural Finance loansInfrastructureFinance loans(3)Agricultural Finance loansInfrastructureFinance loans(3)Farm & Ranch(1)Corporate AgFinance(2)TotalFarm & Ranch(1)Corporate AgFinance(2)Total(in thousands)For the Three Months 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