Federal agricultural mortgage corporation (AGM)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets:
Cash and cash equivalents

1,231

604

587

396

376

425

436

430

493

302

366

319

313

265

313

1,764

1,729

1,210

1,516

1,683

1,556

1,363

627

384

866

749

651

650

893

785

870

752

974

817

825

768

729

Securities purchased under agreements to resell

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,630

1,640

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans:
Loans held for investment, at amortized cost

5,789

5,390

4,998

4,760

4,480

4,004

3,884

3,916

3,866

3,873

3,804

3,665

3,432

3,379

3,299

3,277

3,204

3,258

3,148

3,153

3,082

2,833

2,689

2,671

2,641

2,570

2,435

2,397

2,212

1,503

1,367

1,341

1,275

1,241

1,189

1,168

90

Loans held for investment in consolidated trusts, at amortized cost

1,540

1,600

1,526

1,563

1,566

1,517

1,483

1,443

1,441

1,399

1,329

1,240

1,208

1,132

1,039

922

816

708

612

512

457

692

670

668

609

629

563

559

561

563

568

596

1,073

1,121

1,138

1,182

1,265

Allowance for losses

14

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale, at lower of cost or fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

673

622

612

557

541

479

447

1,212

Allowance for loan losses

-

-

8

7

6

7

6

6

6

6

6

6

5

5

4

4

4

4

4

5

5

5

6

5

7

6

6

7

7

11

9

9

10

10

10

11

9

Total loans, net of allowance

7,315

6,981

6,517

6,316

6,040

5,515

5,360

5,352

5,302

5,266

5,127

4,900

4,635

4,507

4,334

4,195

4,016

3,962

3,756

3,659

3,533

3,520

3,353

3,334

3,243

3,193

2,992

2,949

2,765

2,729

2,549

2,540

2,895

2,894

2,796

2,787

2,558

Real estate owned, at lower of cost or fair value

-

-

1

1

1

0

0

0

0

0

1

1

5

1

1

1

1

1

1

0

0

0

1

1

2

2

2

2

4

3

3

2

3

3

3

4

1

Financial derivatives, at fair value

12

10

5

7

6

7

8

8

5

7

2

5

2

23

4

8

7

3

7

7

4

4

5

7

11

19

19

23

26

31

36

36

39

40

46

43

41

Interest receivable (includes $11,944 and $20,568, respectively, related to consolidated trusts)

154

199

158

184

143

180

135

156

114

155

110

126

85

122

86

106

75

112

73

101

66

106

65

94

65

107

70

94

66

103

70

96

73

110

79

88

90

Guarantee and commitment fees receivable

37

38

39

38

39

40

40

39

39

39

36

37

38

38

39

39

39

40

40

37

38

39

42

43

43

43

43

43

42

41

37

38

31

31

30

31

34

Deferred tax asset, net

47

16

23

10

3

6

0

0

0

2

4

3

5

12

29

30

47

42

48

23

14

33

39

40

32

44

17

11

0

3

-

-

-

0

0

3

14

Prepaid expenses and other assets

61

22

16

62

66

9

45

67

43

29

96

6

4

86

95

103

79

47

58

46

53

55

33

30

16

14

15

28

39

66

59

77

15

21

9

9

20

Total Assets

23,180

21,709

21,315

20,738

19,797

18,694

18,474

18,626

18,397

17,792

17,690

17,267

15,931

15,606

16,000

16,823

16,156

15,540

14,853

15,144

14,849

14,287

14,525

14,670

13,554

13,361

13,085

12,935

12,892

12,622

12,502

12,050

12,311

11,883

11,430

10,444

9,479

Liabilities and Equity:
Liabilities:
Notes payable:
Due within one year

-

-

9,885

9,939

8,571

7,757

7,378

7,774

7,896

8,089

8,112

7,859

7,616

8,440

9,295

10,125

9,322

9,111

8,280

7,632

7,957

7,353

6,332

6,265

7,354

7,338

7,021

6,785

6,543

6,567

6,775

6,482

6,493

6,087

5,831

5,201

4,509

Due after one year

-

-

-

-

-

8,486

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable

20,665

19,098

8,940

8,247

8,679

16,243

8,419

8,416

8,127

7,432

7,399

7,281

6,300

5,222

4,820

4,722

5,264

4,967

5,217

6,013

5,648

5,471

5,186

5,401

5,036

5,001

5,037

5,173

4,978

5,034

4,700

4,519

4,334

4,104

4,060

3,744

3,430

Debt securities of consolidated trusts held by third parties

1,549

1,616

1,532

1,570

1,567

1,528

1,486

1,449

1,463

1,404

1,333

1,249

1,212

1,142

1,044

928

816

713

612

516

457

424

400

377

312

261

178

168

167

167

163

184

656

701

713

755

827

Total

20,665

19,098

18,826

18,187

17,250

16,243

15,798

16,191

16,023

15,522

15,512

15,140

13,917

13,663

14,116

14,848

14,587

14,078

13,497

13,645

13,605

12,825

11,519

11,666

12,390

12,339

12,058

11,958

11,522

11,602

11,475

11,002

10,828

10,192

9,891

8,946

7,940

Securities sold, not yet purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,657

1,673

-

-

-

-

-

-

-

-

-

-

-

-

-

Financial derivatives, at fair value

53

27

30

27

22

19

17

20

22

26

30

34

32

58

123

140

117

77

94

69

95

84

69

78

73

75

91

99

133

150

164

162

143

160

166

109

113

Accrued interest payable (includes $9,588 and $18,018, respectively, related to consolidated trusts)

104

106

104

108

94

96

87

88

71

75

61

63

46

49

40

47

38

47

37

50

36

48

34

49

37

53

37

52

35

51

35

54

41

60

48

56

57

Guarantee and commitment obligation

35

36

37

37

38

38

38

38

38

38

35

35

36

37

37

38

37

38

38

36

36

37

38

39

40

39

40

39

38

37

34

34

28

27

26

27

30

Accounts payable and accrued expenses

74

22

31

31

59

11

260

67

25

14

19

60

18

9

35

232

12

29

26

245

31

81

18

7

13

9

67

9

350

13

12

18

22

178

26

21

22

Deferred Tax Liabilities, Net

-

-

-

-

-

-

4

2

4

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

5

2

5

0

1

-

0

Reserve for losses

3

2

1

1

2

2

2

2

2

2

2

1

1

2

1

2

2

2

5

4

3

4

4

5

6

6

6

6

6

5

8

8

7

7

6

7

10

Total Liabilities

22,486

20,910

20,564

19,964

19,034

17,941

17,696

17,860

17,651

17,084

16,996

16,586

15,265

14,962

15,400

16,238

15,612

14,986

14,313

14,568

14,267

13,505

13,743

13,897

12,875

12,787

12,479

12,333

12,263

12,029

11,902

11,468

11,734

11,328

10,883

9,924

9,001

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

Equity:
Preferred stock:
Preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

57

57

57

57

57

57

Common stock:
Additional paid-in capital

120

119

118

118

118

118

118

117

118

118

119

118

118

118

118

117

117

117

117

116

114

113

112

111

111

110

109

109

108

106

104

104

104

102

101

101

100

Accumulated other comprehensive loss, net of tax

-121

-16

-43

-12

21

24

64

73

72

51

40

42

41

33

13

12

-18

-11

-17

22

51

15

21

21

14

-16

26

38

92

73

91

89

79

79

85

36

18

Retained earnings

455

457

435

428

407

393

379

359

339

322

318

304

290

275

252

239

230

231

225

221

201

201

196

186

168

168

157

143

117

102

93

78

83

62

49

73

50

Total Stockholders' Equity

-

-

-

-

-

-

-

-

-

-

694

680

665

643

600

584

543

553

540

576

582

545

546

536

437

332

363

360

386

351

358

340

335

312

305

278

237

Non-controlling interest

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

236

235

235

241

241

241

241

241

241

241

241

241

241

241

241

241

Total Equity

693

799

750

773

763

752

777

766

745

708

694

680

666

643

600

585

544

553

540

576

582

781

782

772

678

574

605

602

628

592

600

582

576

554

547

520

478

Total Liabilities and Equity

23,180

21,709

21,315

20,738

19,797

18,694

18,474

18,626

18,397

17,792

17,690

17,267

15,931

15,606

16,000

16,823

16,156

15,540

14,853

15,144

14,849

14,287

14,525

14,670

13,554

13,361

13,085

12,935

12,892

12,622

12,502

12,050

12,311

11,883

11,430

10,444

9,479

Debt Securities
Available-for-sale, at fair value

2,961

2,959

3,111

2,922

2,457

2,217

2,224

2,324

2,193

2,215

2,234

2,363

2,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held-to-maturity, at amortized cost

45

45

45

45

45

45

45

45

45

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Securities

3,006

3,004

3,156

2,967

2,503

2,262

2,269

2,369

2,238

2,260

2,234

2,363

2,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Farmer Mac Guaranteed Securities:
Available-for-sale, at fair value

7,587

7,143

7,182

7,035

6,441

5,974

5,957

5,985

5,839

5,471

5,443

5,282

5,243

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held-to-maturity, at amortized cost

1,447

1,447

1,452

1,579

2,040

2,096

2,067

2,093

2,182

2,126

2,158

2,137

1,074

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Securities

9,035

8,590

8,635

8,614

8,482

8,071

8,024

8,078

8,021

7,598

7,602

7,420

6,317

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

USDA Securities:
Held-to-maturity, at amortized cost

2,269

2,232

2,164

2,128

2,125

2,166

2,143

2,112

2,127

2,117

2,092

2,066

2,025

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trading, at fair value

8

8

8

9

9

9

10

10

11

13

14

16

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Securities

2,278

2,241

2,173

2,137

2,134

2,176

2,154

2,123

2,139

2,131

2,107

2,082

2,044

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5.875% Non-Cumulative Preferred Stock, Series A
Preferred stock

58

58

58

58

58

58

58

58

58

58

58

58

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Preferred Stock
Preferred stock

-

-

0

0

73

73

73

73

73

73

73

73

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C
Preferred stock

73

73

73

73

73

73

73

73

73

73

73

73

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5.700% Non-Cumulative Preferred Stock, Series D
Preferred stock

96

96

96

96

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A voting common stock
Common Stock

1

1

1

1

1

1

1

1

1

1

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Class B, Voting
Common Stock

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class C non-voting common stock
Common Stock

9

9

9

9

9

9

9

9

9

9

9

9

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-