Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 334

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 334
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,002 (3,598)3,210 (4,901)Unrealized (losses)/gains on trading assets(65)9 (83)99 (87)(14)(37)1,714 (57)Net effects of amortization of premiums/discounts and deferred gains on assets consolidated at fair value25 28 (39)27 26 31 88 29 29 Net effects of terminations or net settlements on financial derivatives255 (1,070)534 (503)(1,505)(192)(800)(79)583 Issuance costs on the retirement of preferred stock— — — (1,619)— — — — — Income tax effect related to reconciling items(480)526 (1,939)260 (143)(947)1,089 (1,638)464 Net income attributable to common stockholders$49,170 $43,985 $50,848 $42,312 $40,313 $46,955 $40,828 $51,345 $40,421 

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Item 3.Quantitative and Qualitative Disclosures About Market Risk

Farmer Mac is exposed to market risk from changes in interest rates. Farmer Mac manages this market risk by entering into various financial transactions, including financial derivatives, and by monitoring and measuring its exposure to changes in interest rates. See "Management's Discussion and Analysis of Financial Condition and Results of Operations—Risk Management—Interest Rate Risk" for more information about Farmer Mac's exposure to interest rate risk and its strategies to manage that risk. For information about Farmer Mac's use of financial derivatives and related accounting policies, see Note 4 to the consolidated financial statements.

Item 4.Controls and Procedures

Management's Evaluation of Disclosure Controls and Procedures. Farmer Mac maintains disclosure controls and procedures designed to ensure that information required to be disclosed in its periodic filings under the Securities Exchange Act of 1934 (“Exchange Act”), including this Quarterly Report on Form 10-Q, is recorded, processed, summarized, and reported on a timely basis. These disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed under the Exchange Act is accumulated and communicated to Farmer Mac's management on a timely basis to allow decisions about required disclosure. Management, including Farmer Mac's principal executive officer and principal financial officer, has evaluated the effectiveness of the design