A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 1-5, 2004
Percent except as noted
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Loan characteristic                               All    Minimal   Low    Moderate  Acceptable  Special  Not rated  Not reported
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Volume of loans (thousands of dollars)          446,787  152,724  88,110   102,022      25,347    5,390     10,045        63,149
Number of loans                                  12,479    2,743   3,092     3,487         520      116        737         1,785
Weighted average maturity (months) 1              24.52    13.82   38.28     38.78        7.44     1.77      16.58         17.68
Weighted average repricing interval (months) 2     9.90     5.47   10.80     18.58        6.08      .76      14.56          6.90
Weighted average risk rating 3                     2.04     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.73     7.00    6.86      6.65        7.43     6.31       6.45          5.86
  Standard error 5                                  .23      .42     .23       .16         .31      .26        .59           .66
  Interquartile range 6
    75th percentile                                7.50     7.50    7.17      7.12        7.82     6.17       7.34          7.25
    25th percentile                                6.15     6.62    6.09      6.16        7.36     6.17       6.09          3.82
  Purpose of loan
    Feeder livestock                               5.49     5.82    6.36      6.60        7.86     n.a.       7.05          4.29
    Other livestock                                7.04     7.49    n.a.      7.23        n.a.     n.a.       n.a.          7.34
    Other current operating expenses 7             7.16     7.34    6.76      6.73        7.46     6.31       6.01          8.24
    Farm machinery and equipment                   6.90     6.79    7.94      6.66        n.a.     n.a.       6.75          6.24
    Farm real estate                               6.34     2.01    6.31      6.38        5.38     n.a.       7.00          6.10
    Other 8                                        7.88     7.48    8.36      6.73        6.96     n.a.       6.95          7.04

Share of total loan volume
  Features of loan
    Floating rates                                49.77    55.67   55.42     39.14       23.33    88.25      15.97         57.48
    Under commitment                              64.78    82.76   40.35     59.99       47.57   100.00      25.14         73.32
    Callable                                      16.15     9.89   11.47      4.90        8.10     n.a.      44.03         56.18
    Subject to prepayment penalty                   .54      .26    1.76       .44        n.a.     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              19.36    21.29    9.44     11.32        9.39     n.a.       4.68         49.54
    Other livestock                               10.27      .84   16.57     14.58        n.a.     n.a.       n.a.         23.97
    Other current operating expenses 7            49.30    74.52   37.58     30.22       87.41   100.00      53.18         15.27
    Farm machinery and equipment                   3.75     2.12    4.75      4.52        n.a.     n.a.       3.89          6.86
    Farm real estate                              13.25      .14   18.72     38.61        2.78     n.a.      10.66          2.11
    Other 8                                        4.06     1.10   12.95       .75         .42     n.a.      27.60          2.25
  Type of collateral
    Farm real estate                              18.50     3.74   27.43     39.47       40.87     5.79      10.24          1.27
    Other                                         78.73    94.42   68.26     56.71       59.06    94.21      88.87         95.95
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   Note. Most small and mid-sized farm lenders that reported loans to farmers had less than $25 million in farm loans.
   For explanation of footnotes, see table A.8.
   n.a. Not available.

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