A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 3-7, 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)          937,627   19,578  84,162   305,461     273,038   45,914     23,516       185,958
Number of loans                                  20,449      470   2,378    10,049       5,119    1,231        449           754
Weighted average maturity (months) 1              11.34    24.46    9.09     16.00       12.45     6.58       6.77          3.33
Weighted average repricing interval (months) 2     2.47    20.48    3.80      3.29        1.60      .70       2.36           .34
Weighted average risk rating 3                     3.33     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   4.79     4.84    5.09      4.91        4.36     5.43       3.94          5.04
  Standard error 5                                  .17      .52     .39       .27         .18      .51        .52           .34
  Interquartile range 6
    75th percentile                                5.20     5.58    6.45      6.17        4.86     6.90       4.45          5.12
    25th percentile                                4.04     3.30    4.07      3.82        3.56     4.33       2.94          5.12
  Purpose of loan
    Feeder livestock                               4.43     5.10    5.40      4.66        4.01     4.09       4.70          n.a.
    Other livestock                                4.77     3.34    4.70      5.07        4.75     5.32       n.a.          7.75
    Other current operating expenses 7             4.95     5.53    5.51      5.28        4.35     5.75       4.17          5.78
    Farm machinery and equipment                   4.98     5.96    6.01      5.06        4.49     8.42       5.94          6.34
    Farm real estate                               5.37     4.87    7.02      5.69        4.94     6.00       5.64          n.a.
    Other 8                                        4.57     4.59    4.12      3.92        4.22     4.76       3.53          5.01

Share of total loan volume
  Features of loan
    Floating rates                                87.01    36.86   43.12     89.41       93.40    96.08      81.18         97.34
    Under commitment                              87.01    57.90   77.36     79.82       91.57    81.74      97.23         99.57
    Callable                                      15.54    51.14   51.72     21.13        8.07     2.39       2.84          2.06
    Subject to prepayment penalty                  3.41    23.51     .08      3.03        6.21     1.19       2.36           .01
  Purpose of loan
    Feeder livestock                               5.37     2.96    5.76      6.53        7.49     9.25       1.16          n.a.
    Other livestock                                7.65    21.55   30.83      6.17        6.68     9.63       n.a.           .03
    Other current operating expenses 7            43.65    40.71   46.61     51.00       60.82    59.04      25.91          3.78
    Farm machinery and equipment                   5.94     3.91    1.87      9.86        7.55     2.41       4.43           .24
    Farm real estate                               2.97    24.74    1.17      3.92        3.07      .64       5.83          n.a.
    Other 8                                       34.42     6.14   13.75     22.51       14.40    19.03      62.67         95.96
  Type of collateral
    Farm real estate                               9.03    31.40   15.83      7.82        8.87     8.26       9.17          6.01
    Other                                         87.22    58.23   79.37     86.36       88.04    90.35      83.10         93.76
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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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