A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, February 7-11, 2005
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)          551,969  131,328  83,643   162,190      93,096     n.a.     37,673        44,039
Number of loans                                  13,615    2,220   2,414     4,715       1,178     n.a.        791         2,297
Weighted average maturity (months) 1              29.64    15.45   10.40     49.99       13.88     n.a.      66.83         36.50
Weighted average repricing interval (months) 2    16.21     7.30    n.a.     34.33       33.46     2.46       1.00          2.00
Weighted average risk rating 3                     3.00     4.00    n.a.      n.a.        n.a.    11.80      12.89         15.77

Weighted average interest rate 4                    .01      .01     .01       .01         .01     n.a.        .01           .01
  Standard error 5                                  .00      .00     .00       .00         .00      .00        .00           .01
  Interquartile range 6
    75th percentile                                 .01      .01     .01       .01         .01      .01        .01           .01
    25th percentile                                 .01      .01     .01       .01         .01      .01        .01           .01
  Purpose of loan
    Feeder livestock                                .01      .01    n.a.       .01         .01      .01        .01           .01
    Other livestock                                 .01      .01    n.a.       .01         .01      .01        .01           .01
    Other current operating expenses 7              .01      .01    n.a.       .01         .01      .01        .01           .01
    Farm machinery and equipment                    .01      .01    n.a.       .01         .01      .01        .01           .01
    Farm real estate                                .01      .01    n.a.       .01         .01      .01        .01          n.a.
    Other 8                                         .01      .01    n.a.       .01         .01    51.60      53.23         57.67

Share of total loan volume
  Features of loan
    Floating rates                                59.83    47.31    n.a.     42.57       21.63    48.33      41.26         64.88
    Under commitment                              41.54    56.87    n.a.     45.91       47.03     8.38       1.79         14.87
    Callable                                       9.66      .87    n.a.      2.41       40.07      .58       2.10          n.a.
    Subject to prepayment penalty                   .27     n.a.    n.a.      n.a.        n.a.    23.30      20.11         18.86
  Purpose of loan
    Feeder livestock                               8.96     1.15    n.a.     34.02        6.88    10.00        .16         29.55
    Other livestock                               12.22     1.23    n.a.      8.94       13.47    63.49      85.23         46.68
    Other current operating expenses 7            51.31    92.11    n.a.     28.29       45.04     5.06       4.90           .39
    Farm machinery and equipment                  10.15     1.43    n.a.      1.31        6.53     8.90       5.02          8.52
    Farm real estate                              12.36      .20    n.a.     22.21       15.52     4.18       2.90          n.a.
    Other 8                                        5.00     3.88    n.a.      5.23       12.58    13.84       7.38          7.12
  Type of collateral
    Farm real estate                              19.10    19.72    n.a.     61.45       31.59    67.80      46.28         80.81
    Other                                         79.65    79.84    n.a.     37.39       64.18     n.a.       n.a.          n.a.
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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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