A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized 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)          466,937   70,161  80,062   114,742      39,035    4,681     27,789       130,468
Number of loans                                  19,255    2,933   4,567     5,819       1,318      283      1,273         3,063
Weighted average maturity (months) 1              42.40    25.55   35.38     39.46      119.82     4.43      17.50         42.51
Weighted average repricing interval (months) 2    11.47    13.70   14.36     10.42       10.42     1.67       7.77         10.86
Weighted average risk rating 3                     2.44     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.28     6.02    6.40      6.60        6.67     7.27       6.16          5.93
  Standard error 5                                  .14      .26     .37       .15         .36      .59        .27           .22
  Interquartile range 6
    75th percentile                                6.96     6.72    7.23      7.25        6.96     7.71       7.52          6.51
    25th percentile                                5.27     5.06    5.39      5.97        6.54     7.70       5.05          5.06
  Purpose of loan
    Feeder livestock                               5.76     4.46    6.04      6.49        n.a.     n.a.       7.58          5.68
    Other livestock                                7.19     9.21    n.a.      8.79        6.97     5.94       6.51          6.46
    Other current operating expenses 7             6.40     6.50    6.77      6.46        6.46     7.35       6.36          5.83
    Farm machinery and equipment                   6.52     7.02    5.82      6.60        8.00     7.23       7.41          7.05
    Farm real estate                               5.86     5.43    5.76      6.64        6.43     n.a.       6.11          5.78
    Other 8                                        6.28     3.53    5.95      5.57        6.81     n.a.       5.45          6.59

Share of total loan volume
  Features of loan
    Floating rates                                56.43    44.44   54.20     46.03       77.37    52.24      37.73         71.28
    Under commitment                              54.73    34.19   54.12     67.23       89.73    98.06      46.06         44.97
    Callable                                      28.28     7.79    6.01     24.74       12.53     n.a.      49.62         57.27
    Subject to prepayment penalty                  3.49    18.41    2.33       .15        n.a.    25.84       n.a.           .09
  Purpose of loan
    Feeder livestock                               5.15      .80    3.48       .41        n.a.     n.a.       2.03         15.09
    Other livestock                                5.15      .32    1.75      6.12        5.07     5.66       6.42          8.71
    Other current operating expenses 7            51.12    51.19   59.84     64.80       38.20    93.50      25.48         41.50
    Farm machinery and equipment                   4.99     2.84   10.39      6.49         .49      .85      11.55          1.62
    Farm real estate                              22.56    44.79   17.22     16.90        5.43     n.a.      21.31         25.07
    Other 8                                       11.02      .06    7.32      5.28       50.81     n.a.      33.23          8.00
  Type of collateral
    Farm real estate                              35.58    47.87   33.60     27.01       64.88    72.50      20.81         30.78
    Other                                         61.39    46.55   64.57     68.12       32.58    27.50      76.40         68.14
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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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