A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 4-8, 2002
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)          418,402   98,603  105,232    62,494      14,081    5,043     55,229        77,719
Number of loans                                  17,663    3,097    4,091     4,991       1,399      116        442         3,528
Weighted average maturity (months) 1              37.99    14.71    97.47     13.94       12.48     9.63      21.75         23.14
Weighted average repricing interval (months) 2    10.58     2.56    19.58      4.78        2.77     9.00       1.06         21.28
Weighted average risk rating 3                     2.03     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.90     7.14     6.74      7.51        7.76     7.31       5.77          6.91
  Standard error 5                                  .19      .15      .22       .23         .28     1.04       1.05           .34
  Interquartile range 6
    75th percentile                                7.64     7.50     7.64      8.78        8.23     7.54       5.89          7.64
    25th percentile                                5.89     7.25     5.64      6.75        7.38     7.54       5.76          6.14
  Purpose of loan
    Feeder livestock                               6.83     6.77     6.67      9.02        7.81     n.a.       5.76          6.38
    Other livestock                                7.26     6.43     n.a.      7.49        7.29     n.a.       6.84          6.98
    Other current operating expenses 7             7.10     7.21     6.81      7.26        7.73     7.31       6.14          7.40
    Farm machinery and equipment                   7.54    10.14     6.98      7.26        8.28     n.a.       8.12          7.45
    Farm real estate                               6.17     6.91     6.02      5.92        n.a.     n.a.       n.a.          6.17
    Other 8                                        5.64     7.06     8.23      7.49        7.70     n.a.       4.31          8.27

Share of total loan volume
  Features of loan
    Floating rates                                63.17    81.01    66.80     59.12       81.79    12.33      89.89         19.82
    Under commitment                              57.45    82.97    55.02     44.96       80.56   100.00      72.07         21.07
    Callable                                      11.26    10.06     7.95     14.09       22.00    25.91      28.24          n.a.
    Subject to prepayment penalty                   .55      .10      .18      3.24        n.a.     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              16.11     6.04    14.30     15.34       41.93   329.33      25.85          n.a.
    Other livestock                                9.87     3.03    18.30      8.88        2.11    38.87      20.32          n.a.
    Other current operating expenses 7            51.35    80.91    34.47     62.40       45.27   100.00      33.73         38.26
    Farm machinery and equipment                   4.52      .30     2.57      9.92        1.88    91.74       8.74          n.a.
    Farm real estate                              12.90     6.65    27.73      2.96      116.37     n.a.       n.a.          n.a.
    Other 8                                        5.26     3.06     2.63       .51        8.81   265.77       2.30          n.a.
  Type of collateral
    Farm real estate                              18.22     7.16    28.80     10.19       27.03   239.86      30.02          n.a.
    Other                                         80.13    91.96    69.95     85.51       67.92   100.00      78.10         76.94
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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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