A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 4-8, 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)          346,496   30,671  87,540   101,270      17,264   13,594     22,325        73,833
Number of loans                                  16,832    2,272   3,713     5,154         732      339        762         3,860
Weighted average maturity (months) 1              62.10     9.71   89.95     37.92      139.87    56.66      19.41         79.92
Weighted average repricing interval (months) 2    14.40     2.91    6.61     13.34        8.83      .40       3.21         37.03
Weighted average risk rating 3                     2.58     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.53     6.11    6.08      6.96        6.20     7.05       6.20          6.71
  Standard error 5                                  .15      .48     .20       .19         .49      .50        .52           .28
  Interquartile range 6
    75th percentile                                7.49     7.19    6.66      7.61        6.17     7.76       6.36          7.50
    25th percentile                                5.62     5.06    5.25      6.25        5.51     5.64       5.50          5.85
  Purpose of loan
    Feeder livestock                               6.20     5.57    5.48      8.52        n.a.     n.a.       n.a.          6.62
    Other livestock                                7.05     6.19    n.a.      7.53        7.02     6.90       7.89          7.70
    Other current operating expenses 7             6.46     6.23    6.40      6.57        7.74     6.29       6.05          6.52
    Farm machinery and equipment                   6.98     7.37    7.00      7.34       11.61     n.a.       6.07          6.72
    Farm real estate                               6.41     n.a.    5.81      6.69        n.a.     n.a.       6.60          6.89
    Other 8                                        6.61     7.00    6.99      7.22        5.68     7.76       7.20          6.20

Share of total loan volume
  Features of loan
    Floating rates                                55.43    59.91   58.25     56.63       83.94    95.46      72.22         29.47
    Under commitment                              40.09    81.90   44.08     39.54       34.18    31.68      15.14         29.21
    Callable                                      15.21    16.36    5.27     23.90        1.50    29.22        .58         19.67
    Subject to prepayment penalty                   .31     n.a.    1.25      n.a.        n.a.     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              10.28    34.06   15.09      5.63        n.a.     n.a.       n.a.          8.46
    Other livestock                                6.48    18.27    2.96     10.38         .90     3.67       2.04          3.56
    Other current operating expenses 7            44.13    37.66   49.60     51.55       22.87    46.47      58.56         30.32
    Farm machinery and equipment                   9.22     9.86     .92     14.48         .65     n.a.      24.28         10.72
    Farm real estate                              19.20     n.a.   31.18      8.13        n.a.     n.a.      11.29         38.59
    Other 8                                       10.70      .16     .25      9.83       75.58    49.86       3.84          8.35
  Type of collateral
    Farm real estate                              32.40     6.53   39.61     21.91       58.27    61.43       4.85         45.92
    Other                                         64.34    92.10   55.09     76.65       40.12    29.00      94.80         49.84
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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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