Company: AGM-PH
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000845877-25-000033
Chunk: 41

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 41
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814 $42 $856 $— $— $(38)$818 (1)Amounts presented exclude $57.5 million and $59.8 million of accrued interest receivable on available-for-sale and held-to-maturity securities, respectively, as of December 31, 2024.(2)Represents the amount of impairment that has resulted from credit-related factors, and therefore was recognized in the statement of financial operations as a provision for losses. Amount excludes unrealized losses relating to non-credit factors.(3)Fair value includes $9.0 million of an interest-only security with a notional amount of $228.0 million.(4)The trading USDA securities had a weighted average yield of 5.47% as of December 31, 2024. As of December 31, 2023Unpaid Principal BalanceUnamortized Premium/(Discount)AmortizedCost(1)Allowance for losses(2)UnrealizedGainsUnrealizedLossesFair Value (in thousands)Held-to-maturity:AgVantage$4,206,324 $(29,622)$4,176,702 $(209)$4,676 $(39,451)$4,141,718 Farmer Mac Guaranteed USDA Securities36,543 33 36,576 — 107 (806)35,877 Total Farmer Mac Guaranteed Securities4,242,867 (29,589)4,213,278 (209)4,783 (40,257)4,177,595 USDA Securities2,331,093 23,078 2,354,171 — 417 (319,783)2,034,805 Total held-to-maturity$6,573,960 $(6,511)$6,567,449 $(209)$5,200 $(360,040)$6,212,400 Available-for-sale:  AgVantage$5,816,024 $— $5,816,024 $(317)$16,416 $(309,411)$5,522,712 Farmer Mac Guaranteed Securities(3)— 9,409 9,409 — 358 — 9,767 Total available-for-sale$5,816,024 $9,409 $5,825,433 $(317)$16,774 $(309