A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 3-7, 2003
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)          369,523   43,397  99,064    92,338       5,749    3,549     10,340       115,086
Number of loans                                  15,699    2,480   3,653     4,341         761      187        932         3,345
Weighted average maturity (months) 1              29.95    14.37   38.03     47.79        3.93     6.62      10.61         17.97
Weighted average repricing interval (months) 2     8.83     9.61    4.30     13.52        2.88      .87       3.20          9.72
Weighted average risk rating 3                     2.29     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.21     6.63    6.31      6.58        7.89     5.98       6.72          5.55
  Standard error 5                                  .19      .34     .11       .13         .31      .88        .27           .29
  Interquartile range 6
    75th percentile                                7.00     7.23    6.62      7.25        9.38     6.68       7.18          6.61
    25th percentile                                5.51     6.00    6.08      6.00        6.94     5.50       6.37          4.04
  Purpose of loan
    Feeder livestock                               6.29     6.79    6.28      6.37        n.a.     n.a.       6.27          5.94
    Other livestock                                6.95     6.81    n.a.      7.33        9.22     5.57       6.11          7.53
    Other current operating expenses 7             5.88     6.44    6.38      6.48        7.81     6.03       6.69          4.69
    Farm machinery and equipment                   7.03     7.21    6.67      6.86        7.62     n.a.       7.04          7.55
    Farm real estate                               6.11     6.16    6.11      6.02        6.45     n.a.       7.36          6.00
    Other 8                                        5.63     5.11    6.35      7.23        7.75     n.a.       7.39          5.07

Share of total loan volume
  Features of loan
    Floating rates                                42.63    28.68   59.49     60.51       34.74    85.90      46.61         17.72
    Under commitment                              44.64    43.29   66.22     42.18       54.18    70.38      41.75         27.54
    Callable                                      27.66     9.72   12.56     13.67        6.47    44.82      22.36         59.65
    Subject to prepayment penalty                  4.09     n.a.   14.42       .50        n.a.     n.a.        .98           .22
  Purpose of loan
    Feeder livestock                              17.54    32.45   25.45      4.07        n.a.     n.a.      11.13         17.90
    Other livestock                               14.30     7.34   18.81     13.33        8.62    11.75      10.31         14.55
    Other current operating expenses 7            47.51    38.41   29.25     61.42       80.21    88.25      52.74         52.15
    Farm machinery and equipment                   7.94    11.31    8.77      8.18        6.82     n.a.      12.99          5.61
    Farm real estate                               9.23    10.20   16.05     11.44        1.86     n.a.       6.31          2.14
    Other 8                                        3.48      .29    1.68      1.57        2.49     n.a.       6.53          7.65
  Type of collateral
    Farm real estate                              14.57    10.44   19.96     17.08        5.34    45.77       n.a.         10.28
    Other                                         80.34    85.82   79.34     70.76       75.52    34.97      82.64         88.26
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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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