A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, February 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)          712,368   16,126  73,115   313,630     205,589   53,868     30,744        19,296
Number of loans                                  15,107      317   1,432     6,364       4,801      992        628           573
Weighted average maturity (months) 1              14.44     7.74   30.70     12.12       11.96     8.33      15.58         37.82
Weighted average repricing interval (months) 2     3.11     5.06   12.28      2.59         .98      .44       2.93          5.39
Weighted average risk rating 3                     3.31     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   4.95     5.27    5.72      4.74        4.95     5.11       4.01          6.37
  Standard error 5                                  .30      .31     .26       .44         .35      .45        .37           .03
  Interquartile range 6
    75th percentile                                6.17     6.50    7.20      6.00        5.61     6.18       4.33          6.45
    25th percentile                                3.80     3.56    4.34      3.30        4.32     3.24       3.39          6.08
  Purpose of loan
    Feeder livestock                               4.77     5.36    5.29      4.43        4.56     5.86       3.51          6.26
    Other livestock                                4.22     3.66    5.10      3.98        4.41     5.89       4.76          6.15
    Other current operating expenses 7             5.42     5.48    5.98      5.45        5.36     4.88       4.09          6.35
    Farm machinery and equipment                   5.09     7.25    7.03      4.85        4.89     4.73       7.29          6.51
    Farm real estate                               5.57     n.a.    6.08      5.58        6.03     7.12       3.95          6.42
    Other 8                                        4.36     6.67    4.94      4.11        4.50     5.48       3.95          6.58

Share of total loan volume
  Features of loan
    Floating rates                                84.96    39.88   55.54     86.01       94.15    96.77      91.32         76.12
    Under commitment                              84.52    93.24   64.69     84.15       89.86    94.62      93.51         58.90
    Callable                                      16.01    48.07   42.97     13.04        8.81     2.42       3.61         69.69
    Subject to prepayment penalty                  7.46      .47    2.38      7.81        5.85    27.40        .07          n.a.
  Purpose of loan
    Feeder livestock                              15.91    16.59   33.69     14.85       15.98     6.91        .56         14.13
    Other livestock                                7.86    18.43    3.04     11.09        6.25     4.96        .13          2.44
    Other current operating expenses 7            43.23    53.01   46.21     37.54       44.86    69.28      22.31         59.39
    Farm machinery and equipment                   6.08      .48    3.96      7.24        7.59      .48        .69          7.97
    Farm real estate                               3.28    38.20   11.19      1.31         .01     7.05       3.68          n.a.
    Other 8                                       23.64    11.48    4.69     26.66       23.33    18.34      63.95         10.21
  Type of collateral
    Farm real estate                               8.85     7.53   24.98      5.75        7.46     6.76      13.05         13.07
    Other                                         85.72    84.58   67.23     87.48       88.98    91.91      83.05         80.45
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   Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans.
   For explanation of footnotes, see table A.8.
   n.a. Not available.

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