A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 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)          235,637   22,807  69,555    44,256      17,748    2,097     36,161        43,014
Number of loans                                   9,171      972   2,856     2,281         491       70        521         1,979
Weighted average maturity (months) 1              31.36   144.84   16.61     16.46        9.15    27.56      10.58         36.25
Weighted average repricing interval (months) 2    16.93    48.14   13.38      7.90        3.77      .03       1.89         34.30
Weighted average risk rating 3                     2.40     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   8.05     7.82    7.95      8.08        8.76     8.75       8.41          7.66
  Standard error 5                                  .16      .33     .24       .20         .25     n.a.        .27           .39
  Interquartile range 6
    75th percentile                                8.50     7.79    8.50      8.34        9.15     8.75       8.45          8.75
    25th percentile                                7.64     7.74    7.25      7.75        8.40     8.75       8.33          7.25
  Purpose of loan
    Feeder livestock                               7.90     7.99    7.62      7.95        8.66     8.75       8.29          7.04
    Other livestock                                8.44     8.24    n.a.      8.51        8.87     n.a.       8.17          8.17
    Other current operating expenses 7             8.15     7.72    7.93      7.83        8.88     8.75       8.46          8.60
    Farm machinery and equipment                   8.23     7.93    8.11      8.19       10.24     8.75       8.62          8.24
    Farm real estate                               7.69     7.78    7.25      8.24        9.65     n.a.       n.a.          7.80
    Other 8                                        7.48     n.a.    9.27      8.31        n.a.     n.a.       n.a.          6.60

Share of total loan volume
  Features of loan
    Floating rates                                56.30    75.60   53.73     56.04       88.94   100.00      72.60         21.21
    Under commitment                              52.70    35.51   73.07     34.63       57.72     n.a.      80.78         24.39
    Callable                                      23.81    64.15    3.62      9.10         .48     n.a.      72.60         20.00
    Subject to prepayment penalty                 11.83     n.a.    n.a.      2.02        n.a.     n.a.      72.60          1.70
  Purpose of loan
    Feeder livestock                              26.95     6.68   34.38     26.91       77.58    27.92      11.28         17.95
    Other livestock                               14.96     4.53    9.60     23.15        3.76     n.a.      10.75         29.60
    Other current operating expenses 7            37.62    30.43   41.47     33.42       14.29    39.08      76.56         16.33
    Farm machinery and equipment                   6.10    13.94    1.03     10.56        1.72    33.00       1.40         10.00
    Farm real estate                               7.43    44.42    7.56      1.61        2.66     n.a.       n.a.          2.18
    Other 8                                        6.95     n.a.    5.97      4.35        n.a.     n.a.       n.a.         23.95
  Type of collateral
    Farm real estate                              23.31    46.65   16.54      6.71       29.53     n.a.      63.96          3.34
    Other                                         75.17    53.35   83.06     93.13       69.53   100.00      32.70         92.30
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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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