A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 5-9, 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)          590,927   37,884  61,634   214,874     155,289   47,409     46,671        27,166
Number of loans                                  17,598      486   2,087     7,460       4,433      895        910         1,327
Weighted average maturity (months) 1              20.65    11.69   20.48     24.16       18.29    19.56      22.70         19.87
Weighted average repricing interval (months) 2     4.72     6.41    6.97      4.78        3.26     2.70       7.45          5.13
Weighted average risk rating 3                     3.22     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   5.47     7.00    6.11      5.15        5.10     6.71       4.53          5.98
  Standard error 5                                  .23      .47     .35       .38         .42      .34        .50           .02
  Interquartile range 6
    75th percentile                                6.69     8.11    7.25      6.55        5.82     7.50       6.00          6.17
    25th percentile                                4.33     5.65    5.25      3.80        4.33     5.38       3.36          5.65
  Purpose of loan
    Feeder livestock                               4.78     5.62    5.95      4.25        5.26     5.14       4.23          6.36
    Other livestock                                4.59     4.48    5.90      4.24        4.29     3.93       7.20          5.96
    Other current operating expenses 7             5.96     7.41    6.19      5.88        5.37     6.71       5.00          6.15
    Farm machinery and equipment                   5.98     6.15    6.56      5.67        5.03     7.46       6.62          5.88
    Farm real estate                               6.13     5.84    6.56      5.87        6.47     5.11       5.88          5.38
    Other 8                                        4.77     6.03    5.83      4.64        4.67     6.16       3.65          5.75

Share of total loan volume
  Features of loan
    Floating rates                                81.46    27.04   58.07     87.27       95.38    96.36      81.26         59.20
    Under commitment                              85.28    90.30   77.82     78.35       91.65    92.06      94.08         86.72
    Callable                                      22.73    23.76   41.09     27.87        8.79     7.05        .44         84.36
    Subject to prepayment penalty                  3.15      .50    1.83      4.37        4.91      .60       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               9.81    10.01   10.31     15.76        4.65     7.44       2.81          7.05
    Other livestock                                7.13     6.87   10.10      7.27       10.38      .28        .92          3.69
    Other current operating expenses 7            44.79    81.27   56.30     37.35       45.76    33.78      41.62         45.89
    Farm machinery and equipment                  10.11      .55     .84      8.46       13.26    34.69       2.62          9.44
    Farm real estate                               4.05     1.14    6.49      3.63        4.30      .15       8.58          3.55
    Other 8                                       24.11      .17   15.96     27.54       21.65    23.66      43.45         30.37
  Type of collateral
    Farm real estate                              15.80    46.08   20.95     16.95        8.74     8.38       9.67         16.60
    Other                                         75.47    47.13   66.72     68.96       87.89    90.88      80.65         79.51
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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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