FEDERAL AGRICULTURAL MORTGAGE CORP

For the period ended Jun 30, 2025. Filed Aug 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 7, 2025

AGM$181.57+0.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets

	As of
	June 30, 2025	December 31, 2024
(in thousands)
Assets:
Cash and cash equivalents (includes restricted cash of $12,839 and $16,190, respectively)	$1,030,329	$1,024,007
Investment securities:
Available-for-sale, at fair value (amortized cost of $6,756,185 and $6,105,116, respectively)	6,674,031	5,953,014
Held-to-maturity, at amortized cost	8,970	9,270
Other investments	14,257	11,017
Total Investment Securities	6,697,258	5,973,301
Farmer Mac Guaranteed Securities:
Available-for-sale, at fair value (amortized cost of $5,942,469 and $5,835,658, respectively)	5,731,503	5,514,546
Held-to-maturity, at amortized cost	2,130,995	2,717,688
Total Farmer Mac Guaranteed Securities	7,862,498	8,232,234
USDA Securities:
Trading, at fair value	560	818
Held-to-maturity, at amortized cost	2,406,638	2,370,534
Total USDA Securities	2,407,198	2,371,352
Loans:
Loans held for sale, at lower of cost or fair value	7,770	6,170
Loans held for investment, at amortized cost	12,226,915	11,183,408
Loans held for investment in consolidated trusts, at amortized cost	2,275,254	2,038,283
Allowance for losses	(29,956)	(23,223)
Total loans, net of allowance	14,479,983	13,204,638
Financial derivatives, at fair value	30,650	27,789
Accrued interest receivable (includes $31,789 and $28,563, respectively, related to consolidated trusts)	313,387	310,592
Guarantee and commitment fees receivable	49,706	50,499
Deferred tax asset, net	3,707	1,544
Prepaid expenses and other assets	121,193	128,786
Total Assets	$32,995,909	$31,324,742
Liabilities and Equity:
Liabilities:
Notes payable	$28,843,331	$27,371,174
Debt securities of consolidated trusts held by third parties	2,157,962	1,929,628
Financial derivatives, at fair value	53,697	77,326
Accrued interest payable (includes $12,789 and $12,387, respectively, related to consolidated trusts)	210,610	195,113
Guarantee and commitment obligation	47,476	48,326
Accounts payable and accrued expenses	136,906	212,527
Reserve for losses	1,620	1,622
Total Liabilities	31,451,602	29,835,716
Commitments and Contingencies (Note 6)
Equity:
Preferred stock:
Series D, par value $25 per share, 4,000,000 shares authorized, issued and outstanding	96,659	96,659
Series E, par value $25 per share, 3,180,000 shares authorized, issued and outstanding	77,003	77,003
Series F, par value $25 per share, 4,800,000 shares authorized, issued and outstanding	116,160	116,160
Series G, par value $25 per share, 5,000,000 shares authorized, issued and outstanding	121,327	121,327
Common stock:
Class A Voting, $1 par value, no maximum authorization, 1,030,780 shares outstanding	1,031	1,031
Class B Voting, $1 par value, no maximum authorization, 500,301 shares outstanding	500	500
Class C Non-Voting, $1 par value, no maximum authorization, 9,402,503 shares and 9,360,083 shares outstanding, respectively	9,403	9,360
Additional paid-in capital	136,248	135,894
Accumulated other comprehensive loss, net of tax	(17,665)	(12,147)
Retained earnings	1,003,641	943,239
Total Equity	1,544,307	1,489,026
Total Liabilities and Equity	$32,995,909	$31,324,742

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.