FEDERAL AGRICULTURAL MORTGAGE CORPORATION AGM Balance Sheet

Federal agricultural mortgage corporation (AGM)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-