Federal Agricultural Mortgage Quarterly Income Statements Chart
Quarterly
|
Annual
Federal Agricultural Mortgage Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2006-06-30 | 2006-03-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| interest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| investments and cash equivalents | 88,985,000 | 83,308,000 | 87,160,000 | 88,879,000 | 84,538,000 | 84,924,000 | 77,715,000 | 79,947,000 | 69,779,000 | 59,703,000 | 44,162,000 | 21,581,000 | 11,200,000 | 5,716,000 | 4,553,000 | 4,121,000 | 4,457,000 | 5,529,000 | 6,908,000 | 7,096,000 | 10,399,000 | 17,741,000 | 19,804,000 | 22,855,000 | 20,156,000 | 18,707,000 | 15,123,000 | 12,095,000 | 11,463,000 | 9,752,000 | 9,223,000 | 8,368,000 | 7,243,000 | 17,898,000 | 3,185,000 | 3,094,000 | 2,865,000 | 801,000 | 5,263,000 | 5,471,000 | 5,734,000 | 6,036,000 | 6,437,000 | 6,024,000 | 6,232,000 | 7,017,000 | 6,880,000 | 7,033,000 | 7,187,000 | 8,194,000 | 6,430,000 | 6,390,000 | 6,483,000 | 30,298,000 | 26,698,000 | |
| farmer mac guaranteed securities and usda securities | 124,998,000 | 126,342,000 | 139,350,000 | 156,602,000 | 166,063,000 | 166,813,000 | 147,601,000 | 161,351,000 | 144,761,000 | 136,537,000 | 114,538,000 | 74,695,000 | 57,104,000 | 39,257,000 | 40,301,000 | 38,428,000 | 42,414,000 | 42,404,000 | 49,047,000 | 45,335,000 | 61,792,000 | 71,517,000 | 81,267,000 | 81,649,000 | 85,569,000 | 85,411,000 | 76,870,000 | 74,179,000 | 62,430,000 | 56,818,000 | 54,350,000 | 50,106,000 | 42,522,000 | 48,673,000 | 34,002,000 | 34,484,000 | 33,122,000 | |||||||||||||||||||
| loans | 185,039,000 | 171,764,000 | 169,255,000 | 162,247,000 | 153,105,000 | 144,580,000 | 126,057,000 | 140,513,000 | 129,292,000 | 119,032,000 | 109,027,000 | 97,514,000 | 76,632,000 | 67,247,000 | 60,951,000 | 61,923,000 | 60,214,000 | 59,494,000 | 61,469,000 | 56,204,000 | 55,430,000 | 60,596,000 | 61,883,000 | 56,992,000 | 59,403,000 | 51,397,000 | 50,622,000 | 49,396,000 | 45,653,000 | 44,801,000 | 40,924,000 | 39,573,000 | 36,852,000 | 48,068,000 | 29,731,000 | 28,814,000 | 27,964,000 | 21,197,000 | 24,966,000 | 24,669,000 | 24,043,000 | 22,348,000 | 24,112,000 | 28,031,000 | 29,153,000 | 29,762,000 | 29,843,000 | 30,461,000 | 29,110,000 | 29,738,000 | 29,174,000 | 32,142,000 | 33,418,000 | 11,847,000 | 11,383,000 | |
| total interest income | 399,022,000 | 381,414,000 | 395,765,000 | 407,728,000 | 403,706,000 | 396,317,000 | 351,373,000 | 381,811,000 | 343,832,000 | 315,272,000 | 267,727,000 | 193,790,000 | 144,936,000 | 112,220,000 | 105,805,000 | 104,472,000 | 107,085,000 | 107,427,000 | 117,424,000 | 108,635,000 | 127,621,000 | 149,854,000 | 162,954,000 | 161,496,000 | 165,128,000 | 155,515,000 | 142,615,000 | 135,670,000 | 119,546,000 | 111,371,000 | 104,497,000 | 98,047,000 | 86,617,000 | 114,639,000 | 66,918,000 | 66,392,000 | 63,951,000 | 44,356,000 | 62,975,000 | 61,745,000 | 61,498,000 | 56,151,000 | 63,810,000 | 71,578,000 | 73,131,000 | 72,642,000 | 71,121,000 | 66,852,000 | 64,072,000 | 62,077,000 | 58,575,000 | 57,327,000 | 60,732,000 | 61,562,000 | 56,176,000 | |
| total interest expense | 302,225,000 | 290,475,000 | 302,397,000 | 320,937,000 | 316,366,000 | 309,949,000 | 269,204,000 | 294,168,000 | 265,155,000 | 236,214,000 | 194,092,000 | 125,937,000 | 75,534,000 | 50,345,000 | 48,415,000 | 49,467,000 | 51,956,000 | 54,176,000 | 61,157,000 | 63,974,000 | 79,273,000 | 108,542,000 | 113,584,000 | 121,384,000 | 122,074,000 | 114,916,000 | 97,557,000 | 91,737,000 | 76,317,000 | 70,088,000 | 64,935,000 | 58,316,000 | 49,546,000 | 69,201,000 | 34,735,000 | 34,528,000 | 33,162,000 | 69,221,000 | 34,787,000 | 33,584,000 | 33,128,000 | 33,358,000 | 33,448,000 | 36,961,000 | 38,923,000 | 39,277,000 | 39,412,000 | 37,640,000 | 37,053,000 | 36,308,000 | 33,526,000 | 35,719,000 | 37,115,000 | |||
| net interest income | 96,797,000 | 90,939,000 | 93,368,000 | 86,791,000 | 87,340,000 | 86,368,000 | 82,169,000 | 87,643,000 | 78,677,000 | 79,058,000 | 73,635,000 | 67,853,000 | 69,402,000 | 61,875,000 | 57,390,000 | 55,005,000 | 55,129,000 | 53,251,000 | 56,267,000 | 44,661,000 | 48,348,000 | 41,312,000 | 49,370,000 | 40,112,000 | 43,054,000 | 40,599,000 | 45,058,000 | 43,933,000 | 43,229,000 | 41,283,000 | 39,562,000 | 39,731,000 | 37,071,000 | 45,438,000 | 32,183,000 | 31,864,000 | 30,789,000 | -24,865,000 | 28,188,000 | 28,161,000 | 28,370,000 | 22,793,000 | 30,362,000 | 34,617,000 | 34,208,000 | 33,365,000 | 31,709,000 | 29,212,000 | 27,019,000 | 25,769,000 | 25,049,000 | 21,608,000 | 23,617,000 | 9,101,000 | 8,900,000 | |
| benefit from losses | -7,713,000 | -6,179,000 | -547,000 | -56,000 | -129,500 | -366,000 | -913,000 | -3,263,000 | -653,000 | -451,000 | 746,000 | 737,000 | 105,000 | |||||||||||||||||||||||||||||||||||||||||||
| net interest income after benefit from losses | 89,084,000 | 81,161,000 | 78,511,000 | 61,819,000 | 40,716,750 | 54,639,000 | 55,890,000 | 52,338,000 | 53,004,000 | 44,008,000 | 47,897,000 | |||||||||||||||||||||||||||||||||||||||||||||
| non-interest income/ | 8,837,000 | 7,486,000 | 2,384,000 | 3,744,000 | 6,796,000 | 475,000 | 12,187,250 | 9,821,000 | 26,483,000 | 8,374,000 | 8,464,000 | |||||||||||||||||||||||||||||||||||||||||||||
| guarantee and commitment fees | 4,816,000 | 4,479,000 | 4,009,000 | 4,015,000 | 3,797,000 | 3,917,000 | 3,770,000 | 5,520,000 | 3,489,000 | 3,933,000 | 3,489,000 | 2,643,000 | 3,213,000 | 3,695,000 | 3,487,000 | 3,155,000 | 2,997,000 | 3,030,000 | 3,054,000 | 3,159,000 | 3,140,000 | 3,196,000 | 3,401,000 | 3,349,000 | 3,403,000 | 3,513,000 | 3,490,000 | 3,481,000 | 3,499,000 | 3,484,000 | 3,314,000 | 3,472,000 | 3,844,000 | 4,571,000 | 3,532,000 | 3,388,000 | 3,377,000 | 4,997,000 | 6,819,000 | 6,759,000 | 6,612,000 | 6,568,000 | 6,401,000 | 6,064,000 | 5,930,000 | 5,966,000 | 6,148,000 | 6,320,000 | 6,387,000 | 6,485,000 | 5,977,000 | 5,710,000 | 5,919,000 | 5,288,000 | 5,049,000 | |
| gains/(losses) on financial derivatives | 80,000 | 5,387,750 | 772,000 | 3,418,000 | 4,293,000 | 6,523,000 | 8,913,000 | 4,005,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| losses on sale of mortgage loans | -1,147,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on sale of available-for-sale investment securities | 1,052,000 | 63,250 | 253,000 | 6,000 | 768,250 | 3,071,000 | 2,000 | -10,000 | 28,000 | 74,000 | 38,000 | 157,000 | 2,000 | 24,000 | 240,000 | |||||||||||||||||||||||||||||||||||||||||
| (benefit from)/release of reserve for losses | -99,000 | -51,000 | -69,000 | -203,000 | -393,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| other income | 1,040,000 | 1,436,000 | -312,000 | 1,418,000 | 674,000 | 1,249,000 | 932,000 | 1,271,000 | 767,000 | 1,201,000 | 746,000 | 651,000 | 479,000 | 675,000 | 469,000 | 582,000 | 435,000 | 583,000 | 848,000 | 594,000 | 1,229,000 | 816,000 | 526,000 | 530,000 | 355,000 | 493,000 | 365,000 | 320,000 | 574,000 | -58,000 | 203,000 | 134,000 | 553,000 | -110,000 | 1,060,000 | 260,000 | 613,000 | -804,000 | 565,000 | 873,000 | 1,080,000 | 890,000 | 959,000 | 771,000 | 721,000 | 1,102,000 | 726,000 | 1,124,000 | 3,898,000 | 64,000 | 140,000 | 211,000 | 829,000 | 58,000 | 169,000 | |
| non-interest income | 5,837,000 | 3,380,000 | 7,888,000 | 3,669,000 | 2,526,000 | 7,314,000 | 2,780,000 | 9,505,000 | 5,871,000 | 5,355,000 | 5,416,000 | 4,192,000 | 7,302,000 | 20,491,000 | 8,240,000 | 1,791,000 | 526,000 | 11,271,000 | 12,732,000 | 3,690,000 | 4,439,000 | 6,380,000 | 239,000 | 2,673,000 | 4,299,000 | 18,207,000 | 12,445,000 | 14,178,000 | 15,047,000 | 2,277,000 | ||||||||||||||||||||||||||
| operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| compensation and employee benefits | 17,631,000 | 17,752,000 | 15,641,000 | 15,237,000 | 14,840,000 | 18,257,000 | 15,523,000 | 14,103,000 | 13,937,000 | 15,351,000 | 12,105,000 | 11,648,000 | 11,715,000 | 13,298,000 | 11,246,000 | 10,027,000 | 9,779,000 | 11,795,000 | 9,497,000 | 8,791,000 | 8,087,000 | 10,127,000 | 6,732,000 | 7,654,000 | 6,770,000 | 7,606,000 | 6,777,000 | 6,936,000 | 6,654,000 | 5,247,000 | 5,987,000 | 6,682,000 | 6,317,000 | 6,110,000 | 5,236,000 | 5,733,000 | 5,693,000 | 5,217,000 | 4,523,000 | 4,571,000 | 4,698,000 | 5,752,000 | 4,375,000 | 4,574,000 | 4,485,000 | 3,916,000 | 4,805,000 | 4,666,000 | 4,497,000 | 5,313,000 | 4,501,000 | 3,907,000 | 3,511,000 | 2,673,000 | 2,904,000 | |
| general and administrative | 10,859,000 | 10,758,000 | 12,452,000 | 8,625,000 | 8,904,000 | 8,255,000 | 8,916,000 | 9,100,000 | 9,420,000 | 7,527,000 | 8,055,000 | 6,919,000 | 7,520,000 | 7,278,000 | 8,492,000 | 6,330,000 | 6,349,000 | 6,336,000 | 6,274,000 | 5,044,000 | 5,295,000 | 5,363,000 | 5,773,000 | 5,253,000 | 4,689,000 | 4,596,000 | 4,350,000 | 5,202,000 | 4,326,000 | 4,348,000 | 3,890,000 | 3,921,000 | 3,800,000 | 5,236,000 | 3,676,000 | 3,374,000 | 2,823,000 | 3,738,000 | 2,827,000 | 2,715,000 | 2,917,000 | 2,913,000 | 2,788,000 | 2,664,000 | 2,758,000 | 2,315,000 | 2,505,000 | 2,656,000 | 2,256,000 | 2,235,000 | 1,775,000 | 2,051,000 | 2,503,000 | 2,577,000 | 2,758,000 | |
| regulatory fees | 1,000,000 | 1,000,000 | 1,000,000 | 725,000 | 725,000 | 725,000 | 725,000 | 831,000 | 831,000 | 835,000 | 832,000 | 812,000 | 813,000 | 812,000 | 812,000 | 750,000 | 750,000 | 750,000 | 750,000 | 725,000 | 725,000 | 725,000 | 725,000 | 688,000 | 687,000 | 688,000 | 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | 625,000 | 663,000 | 600,000 | 600,000 | 600,000 | 600,000 | 593,000 | 594,000 | 594,000 | 594,000 | 562,000 | 562,000 | 563,000 | 563,000 | 550,000 | 573,000 | 591,000 | 550,000 | 568,000 | 562,000 | 563,000 | 588,000 | 588,000 | |
| operating expenses | 29,490,000 | 29,510,000 | 29,093,000 | 24,783,000 | 24,469,000 | 27,237,000 | 25,164,000 | 24,034,000 | 24,188,000 | 23,713,000 | 21,811,000 | 19,379,000 | 20,048,000 | 21,388,000 | 20,550,000 | 17,107,000 | 16,878,000 | 18,881,000 | 16,521,000 | 14,560,000 | 14,107,000 | 16,215,000 | ||||||||||||||||||||||||||||||||||
| income before income taxes | 65,431,000 | 63,125,000 | 68,390,000 | 62,249,000 | 59,218,000 | 68,246,000 | 60,411,000 | 73,250,000 | 59,287,000 | 60,153,000 | 55,218,000 | 52,049,000 | 58,028,000 | 60,922,000 | 46,458,000 | 39,323,000 | 39,538,000 | 42,294,000 | 43,969,000 | 31,832,000 | 45,061,000 | 16,571,000 | 41,241,000 | 22,462,000 | 43,156,000 | 31,792,000 | 37,748,000 | 36,968,000 | 32,257,000 | 33,272,000 | 32,975,000 | 31,758,000 | 32,681,000 | 39,459,000 | 17,945,000 | 39,108,000 | 22,845,000 | -35,474,000 | 30,067,000 | 31,304,000 | 40,124,000 | 13,976,000 | 34,107,000 | 9,979,750 | 13,148,000 | 8,846,000 | 17,925,000 | 11,637,000 | 7,671,000 | |||||||
| income tax expense | 10,594,000 | 13,474,000 | 11,876,000 | 12,421,000 | 12,113,000 | 14,500,000 | 12,792,000 | 15,113,000 | 12,075,000 | 13,118,000 | 11,800,000 | 10,631,000 | 12,132,000 | 13,085,000 | 9,774,000 | 8,260,000 | 8,252,000 | 9,067,000 | 9,269,000 | 6,340,000 | 9,435,000 | 3,741,000 | 8,743,000 | 4,629,000 | 9,111,000 | 6,622,000 | 7,979,000 | 7,332,000 | 6,438,000 | 13,266,000 | 11,193,000 | 11,124,000 | 10,786,000 | 17,730,000 | 6,327,000 | -27,154,000 | 8,226,000 | 8,716,000 | 11,654,000 | 2,539,000 | 9,517,000 | 1,494,250 | 885,000 | 756,000 | 4,336,000 | 3,458,000 | 2,074,000 | |||||||||
| net income | 54,837,000 | 49,651,000 | 56,514,000 | 49,828,000 | 47,105,000 | 53,746,000 | 47,619,000 | 58,137,000 | 47,212,000 | 47,035,000 | 43,418,000 | 41,418,000 | 45,896,000 | 47,837,000 | 36,684,000 | 31,063,000 | 31,286,000 | 33,227,000 | 34,700,000 | 25,492,000 | 29,769,000 | 29,636,000 | 25,819,000 | 20,006,000 | 21,782,000 | 20,634,000 | 21,895,000 | 21,729,000 | 11,618,000 | 25,339,000 | 18,614,000 | -8,320,000 | 21,841,000 | 34,173,000 | 22,588,000 | 1,976,000 | 28,470,000 | 11,437,000 | 24,590,000 | 8,485,500 | 12,263,000 | 8,090,000 | 13,589,000 | 8,179,000 | 5,597,000 | |||||||||||
| yoy | 16.41% | -7.62% | 18.68% | -14.29% | -0.23% | 14.27% | 9.68% | 40.37% | 2.87% | -1.68% | 18.36% | 33.34% | 46.70% | 43.97% | 5.72% | 21.85% | 36.67% | 43.63% | 17.92% | -7.93% | 87.48% | -18.57% | 17.63% | -361.17% | -46.81% | -25.85% | -17.59% | 1629.40% | -20.66% | -82.72% | 15.78% | 41.37% | 80.96% | 3.75% | 119.10% | |||||||||||||||||||||
| qoq | 10.44% | -12.14% | 13.42% | 5.78% | -12.36% | 12.87% | -18.09% | 23.14% | 0.38% | 8.33% | 4.83% | -9.76% | -4.06% | 30.40% | 18.10% | -0.71% | -5.84% | -4.24% | 36.12% | 0.45% | 14.78% | 29.06% | -8.15% | 5.56% | -5.76% | 0.76% | 87.03% | -54.15% | 36.13% | -323.73% | -138.09% | -36.09% | 51.29% | -93.06% | -53.49% | 189.79% | -30.80% | 51.58% | -40.47% | 66.15% | 46.13% | |||||||||||||||
| net income margin % | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| preferred stock dividends | -5,667,000 | -5,666,000 | -5,666,000 | -5,897,000 | -6,792,000 | -6,791,000 | -6,791,000 | -6,792,000 | -6,791,000 | -6,791,000 | -6,791,000 | -6,791,000 | -6,792,000 | -6,791,000 | -6,792,000 | -6,774,000 | -5,842,000 | -5,269,000 | -5,269,000 | -5,166,000 | -3,939,000 | -3,431,000 | -3,432,000 | -3,427,000 | -3,785,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -3,296,000 | -3,295,000 | -7,226,000 | -881,000 | -881,000 | -851,000 | -720,000 | -719,000 | -720,000 | -720,000 | -720,000 | -719,000 | -5,547,000 | -720,000 | -719,000 | -720,000 | -720,000 | -1,970,000 | -560,000 | -560,000 | |
| net income attributable to common stockholders | 49,170,000 | 43,985,000 | 50,848,000 | 42,312,000 | 40,313,000 | 46,955,000 | 40,828,000 | 51,345,000 | 40,421,000 | 40,244,000 | 36,627,000 | 34,627,000 | 39,104,000 | 41,046,000 | 29,892,000 | 24,289,000 | 25,444,000 | 27,958,000 | 29,431,000 | 18,659,000 | 31,687,000 | 9,399,000 | 29,066,000 | 14,406,000 | 28,304,000 | 21,874,000 | 26,474,000 | 26,340,000 | 22,524,000 | 16,710,000 | 18,487,000 | 17,488,000 | 18,615,000 | 31,813,000 | 8,359,000 | 22,162,000 | 1,818,000 | -21,097,000 | 15,413,000 | 16,190,000 | 22,203,000 | |||||||||||||||
| earnings per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| basic earnings per common share | 4,500 | 4,040 | 4,660 | 3,890 | 3,710 | 4,330 | 3,770 | 4,740 | 3,730 | 3,730 | 3,390 | 3,210 | 3,620 | 3,810 | 2,780 | 2,260 | 2,360 | 2,600 | 2,740 | 1,740 | 2,950 | 880 | 2,720 | 1,340 | 2,650 | 2,050 | 2,480 | 2,470 | 2,120 | 1,570 | 1,740 | 1,650 | 1,760 | 3,180 | 760 | 2,010 | 170 | -2,000 | 1,420 | 1,510 | 2,140 | 500 | 1,780 | 235 | 580 | 180 | 170 | 690 | 450 | |||||||
| diluted earnings per common share | 4,480 | 4,010 | 4,620 | 3,860 | 3,680 | 4,280 | 3,730 | 4,690 | 3,700 | 3,690 | 3,360 | 3,180 | 3,600 | 3,770 | 2,750 | 2,240 | 2,350 | 2,580 | 2,730 | 1,730 | 2,940 | 870 | 2,700 | 1,330 | 2,630 | 2,030 | 2,460 | 2,450 | 2,100 | 1,540 | 1,710 | 1,620 | 1,730 | 3,120 | 740 | 1,940 | 160 | -1,930 | 1,370 | 1,450 | 2,040 | 480 | 1,720 | 227.5 | 560 | 170 | 170 | 670 | 440 | |||||||
| (benefit from)/release of losses | -1,684,000 | -1,951,500 | -3,428,000 | -1,073,000 | -2,022,000 | -617,000 | -3,438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after/release of losses | 89,255,000 | 63,173,250 | 83,363,000 | 77,604,000 | 71,613,000 | 67,236,000 | 37,874,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| (losses)/gains on financial derivatives | -2,636,000 | -413,500 | -1,934,000 | -1,799,000 | -3,066,000 | 3,093,000 | -564,000 | 298,250 | -7,360,000 | 11,349,000 | -6,864,000 | -15,840,000 | -5,804,000 | |||||||||||||||||||||||||||||||||||||||||||
| release of reserve for losses | 101,000 | 110,000 | 167,000 | 163,000 | 110,000 | 222,000 | 400,000 | -1,934,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| release of/(benefit from) reserve for losses | -99,000 | 170,000 | 69,000 | -56,750 | 45,000 | 50,000 | 111,000 | 944,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| real estate owned operating costs | 196,000 | 64,000 | 16,000 | 23,000 | -8,000 | 48,000 | -1,000 | -310,000 | 35,000 | 259,000 | 126,000 | 47,000 | 66,000 | 15,000 | 6,000 | 82,000 | 142,000 | 231,000 | 368,000 | 674,000 | 1,189,000 | 10,000 | 22,000 | 115,000 | ||||||||||||||||||||||||||||||||
| loss on retirement of preferred stock | -1,619,000 | -1,667,000 | -1,956,000 | -2,036,750 | -8,147,000 | -5,784,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| release of/(benefit from) losses | 1,801,000 | -371,000 | 136,000 | 1,372,000 | 761,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after release of/(benefit from) losses | 88,169,000 | 60,973,500 | 87,779,000 | 70,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on financial derivatives | 2,079,000 | -1,881,000 | 2,671,000 | 1,693,000 | 399,000 | 16,074,000 | 6,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| (losses)/gains on trading securities | 3,500 | -2,000 | -9,000 | 24,000 | -41,000 | -62,000 | -13,000 | -43,250 | -258,000 | -21,000 | -3,000 | -2,000 | -82,000 | 131,000 | -8,000 | |||||||||||||||||||||||||||||||||||||||||
| gains/(losses) on trading securities | 25,000 | 29,000 | -9,500 | 37,000 | 172,000 | 49,000 | 11,000 | 16,000 | -21,000 | |||||||||||||||||||||||||||||||||||||||||||||||
| losses on trading securities | -63,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| losses on financial derivatives | -280,000 | -2,347,000 | -9,298,000 | -360,000 | -31,292,000 | -20,592,000 | -68,567,000 | -17,806,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| gains on sale of real estate owned | 121,250 | 485,000 | 34,000 | 196,000 | 32,000 | 757,000 | 1,124,000 | 47,000 | 262,000 | 627,000 | 97,000 | |||||||||||||||||||||||||||||||||||||||||||||
| (provision)/release of reserve for losses | 290,000 | -547,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net income attributable to farmer mac | 35,626,000 | 12,830,000 | 32,498,000 | 17,833,000 | 34,045,000 | 25,170,000 | 29,769,000 | 29,636,000 | 25,819,000 | 20,006,000 | 21,782,000 | 20,784,000 | 21,910,000 | 26,962,000 | 11,654,000 | 25,458,000 | 13,260,000 | -13,871,000 | 16,294,000 | 17,041,000 | 22,923,000 | 5,890,000 | 19,043,000 | 4,695,500 | 6,717,000 | 2,544,000 | 9,521,000 | |||||||||||||||||||||||||||||
| non-interest (expense)/income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on trading securities | 106,000 | 61,000 | 44,000 | 170,000 | 362,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| non-interest (expense)/income | -5,088,000 | -4,771,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| benefit from loan losses | -2,430,000 | -760,000 | -99,000 | -474,000 | -270,000 | -327,000 | -637,000 | -76,000 | -430,000 | -420,000 | -1,281,000 | -501,000 | -412,000 | -2,850,000 | ||||||||||||||||||||||||||||||||||||||||||
| net interest income after benefit from loan losses | 46,940,000 | 39,352,000 | 44,959,000 | 40,809,000 | 39,292,000 | 39,404,000 | 36,434,000 | 30,713,000 | 27,940,000 | 33,788,000 | 25,738,000 | 25,268,000 | 24,637,000 | 20,767,000 | ||||||||||||||||||||||||||||||||||||||||||
| non-interest income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| losses on sale of real estate owned | -5,000 | -1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| non-interest (loss)/income | 3,247,500 | -3,432,000 | 3,425,250 | -4,981,000 | -27,281,000 | -7,885,000 | -1,461,250 | -3,351,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| non-interest expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (release of)/benefit from reserve for losses | 421,000 | -137,000 | -158,000 | -129,000 | -102,000 | -193,000 | -772,000 | -175,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| non-interest expense | 13,651,000 | 13,458,000 | 12,052,000 | 12,761,000 | 11,650,000 | 12,921,000 | 11,642,000 | 10,210,000 | 10,616,000 | 11,390,000 | 10,549,000 | 10,703,000 | 10,421,000 | 10,853,000 | 8,343,000 | 6,006,000 | 8,441,000 | 7,964,000 | 9,081,000 | 6,109,000 | 7,748,000 | 9,209,000 | 7,842,000 | 7,240,000 | 7,550,000 | 7,191,000 | 6,678,000 | 9,509,000 | 8,138,000 | 9,861,000 | 5,119,000 | |||||||||||||||||||||||||
| (benefit from)/release of loan losses | -578,000 | -424,000 | 165,750 | -137,000 | -160,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after/release of loan losses | 42,476,000 | 43,509,000 | 24,962,500 | 30,225,000 | 29,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| release of loan losses | 264,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after release of loan losses | 40,863,000 | 43,660,000 | 21,329,250 | 28,687,000 | 28,690,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| gains/(losses) on financial derivatives and hedging activities | 628,000 | 2,534,000 | 632,500 | 661,000 | 2,486,000 | 14,389,000 | 5,625,250 | 3,024,000 | 14,983,000 | -5,833,500 | 1,558,000 | |||||||||||||||||||||||||||||||||||||||||||||
| (losses)/gains on sale of real estate owned | -41,000 | -250 | 62,250 | -13,000 | 180,000 | -4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| less: net income attributable to non-controlling interest | 41,250 | 150,000 | 15,000 | -5,354,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| earnings per common share and dividends: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| common stock dividends per common share | 580 | 580 | 580 | 270 | 360 | 360 | 360 | 120 | 160 | 160 | 160 | 90 | 120 | 120 | 120 | 100 | 100 | 100 | 100 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 100 | 100 | |||||||||||||||||||||||||||
| benefit from/(release of) reserve for losses | 158,000 | 21,000 | -10,000 | 114,000 | 139,000 | 308,750 | 861,000 | 1,146,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| release of/(benefit from) loan losses | 431,000 | 363,000 | 499,000 | 1,220,000 | -273,000 | 349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (losses)/gains on financial derivatives and hedging activities | -3,850,000 | -617,000 | 234,750 | -9,568,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains/(losses) on sale of available-for-sale investment securities | 89,000 | 2,250 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| losses on sale of available-for-sale investment securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| release of/(benefit from) allowance for loan losses | 244,500 | 1,164,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after release of/(benefit from) allowance for loan losses | 23,953,500 | 33,347,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| less: net income/(income) attributable to non-controlling interest | 5,233,000 | 36,000 | 119,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (benefit from)/release of allowance for loan losses | -110,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after/release of allowance for loan losses | 31,754,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains/(losses) on sale of real estate owned | 302,500 | 39,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income tax expense/ | 13,769,000 | 4,231,000 | 13,036,000 | 4,329,750 | 8,294,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| losses on financial derivatives and hedging activities | -3,882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| farmer mac guaranteed securities and usda guaranteed securities | 24,018,000 | 32,746,000 | 31,605,000 | 31,721,000 | 27,767,000 | 33,261,000 | 37,523,000 | 37,746,000 | 35,863,000 | 34,398,000 | 29,358,000 | 27,775,000 | ||||||||||||||||||||||||||||||||||||||||||||
| losses on trading assets | -185,750 | -626,000 | -327,000 | -607,000 | -441,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| benefit from/(release of) losses | 258,500 | 463,000 | 1,394,000 | 30,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| less: net income attributable to non-controlling interest - preferred stock dividends | -5,551,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,547,000 | -5,547,000 | -5,547,000 | -5,546,000 | -5,546,000 | -4,068,000 | |||||||||||||||||||||||||||||||||||||||||
| release of allowance for loan losses | 529,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| income/(loss) before income taxes | 47,209,000 | 17,603,000 | 30,941,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| net income/(loss) attributable to farmer mac | 28,626,000 | 9,113,000 | 17,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| net income/(loss) attributable to common stockholders | 27,745,000 | 8,573,250 | 16,381,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| earnings/(loss) per common share and dividends: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| basic earnings/(loss) per common share | 2,570 | 820 | 1,560 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| diluted earnings/(loss) per common share | 2,480 | 780 | 1,490 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on financial derivatives and hedging activities | 4,494,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on trading assets | 210,000 | 1,099,000 | 1,968,000 | 1,311,000 | 5,058,000 | 3,367,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| lower of cost or fair value adjustment on loans held for sale | 9,851,000 | -156,000 | -808,000 | -5,658,000 | -906,000 | 90,000 | -2,274,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
| (release of)/benefit from losses | -3,197,000 | -43,000 | 364,000 | -452,000 | -935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| net income/ | 13,273,250 | 22,647,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after release of/(benefit from) loan losses | 35,837,000 | 21,712,000 | 32,058,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| non-interest (loss)/income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (losses)/gains on trading assets | -3,086,000 | -88,500 | -3,633,000 | 1,675,750 | -1,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| (loss)/income before income taxes | -653,000 | 4,296,500 | -30,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| income tax (benefit)/expense | -2,629,000 | -518,750 | -14,131,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| net (loss)/income attributable to farmer mac | -3,571,000 | 655,000 | -22,313,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| net (loss)/income attributable to common stockholders | -4,291,000 | 115,250 | -23,032,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (loss)/earnings per common share and dividends: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| basic (loss)/earnings per common share | -410 | 10 | -2,220 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| diluted (loss)/earnings per common share | -410 | 10 | -2,220 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| non-interest loss: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| non-interest loss | -12,060,750 | -55,405,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net (loss)/income | 4,815,250 | -16,766,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| less: net income attributable to non-controlling interest - | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net income available to common stockholders | 5,170,000 | 18,323,000 | 2,397,000 | 5,997,000 | 1,824,000 | 1,767,000 | 7,619,000 | 5,037,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
| farmer mac and usda guaranteed securities | 24,145,000 | 22,971,000 | 18,795,000 | 20,831,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| other-than-temporary impairment losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on sale of loans and farmer mac guaranteed securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| recoveries/(provision) for loan losses | 1,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after recoveries/(provision) for loan losses | 23,478,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (losses)/gains on sale of available-for-sale investment securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| real estate owned operating costs/(income) | 298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| provision/(recoveries) for losses | 3,043,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (recoveries)/benefit from losses | -1,468,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| farmer mac guaranteed securities | 19,417,000 | 18,095,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| interest expense | 52,461,000 | 47,276,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| recovery/(provision) for loan losses | 594,000 | 1,013,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| net interest income after recovery/ | 9,695,000 | 9,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| for loan losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains on financial derivatives and trading assets | 2,026,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| gains/(losses) on the sale of real estate owned | 304,000 | 210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| representation and warranty claims income | 718,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| total revenues | 18,089,000 | 13,340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| provision/(recovery) for losses | 592,000 | -696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| total operating expenses | 6,452,000 | 5,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| see accompanying notes to condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| losses on financial derivatives and trading assets | -2,001,000 |
We provide you with 20 years income statements for Federal Agricultural Mortgage stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Federal Agricultural Mortgage stock. Explore the full financial landscape of Federal Agricultural Mortgage stock with our expertly curated income statements.
The information provided in this report about Federal Agricultural Mortgage stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.