A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized 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)          505,044   52,713  121,193   137,398      35,913    9,246     18,982       129,600
Number of loans                                  20,984    2,455    4,258     5,804       1,753      390        932         5,391
Weighted average maturity (months) 1              34.18    24.24    29.78     27.52       67.45     5.59       8.66         45.48
Weighted average repricing interval (months) 2    17.62    19.03     6.86     17.54        5.97     3.97       4.11         33.29
Weighted average risk rating 3                     2.52     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.71     6.58     6.67      6.63        7.35     6.77       6.79          6.68
  Standard error 5                                  .08      .14      .22       .15         .18      .36        .30           .14
  Interquartile range 6
    75th percentile                                7.38     7.25     7.64      7.04        8.25     6.62       7.53          7.33
    25th percentile                                6.17     6.25     6.00      6.16        6.50     6.57       6.42          5.90
  Purpose of loan
    Feeder livestock                               6.97     7.40     7.09      6.91        7.81     9.38       8.06          5.96
    Other livestock                                6.93     4.49     n.a.      6.71        9.11     6.57       7.61          6.69
    Other current operating expenses 7             6.78     6.59     6.88      6.66        7.50     6.71       6.98          6.71
    Farm machinery and equipment                   6.62     9.15     7.30      5.96        7.93     n.a.       7.15          6.94
    Farm real estate                               6.62     n.a.     6.72      6.68        6.71     6.57       6.50          6.28
    Other 8                                        6.27     6.39     6.02      7.99        7.41     6.76       6.36          7.17

Share of total loan volume
  Features of loan
    Floating rates                                43.83    46.41    51.73     37.93       75.17    26.28      59.39         31.95
    Under commitment                              47.23    57.94    60.61     39.59       81.02    26.90      27.99         33.36
    Callable                                      19.69     7.58    11.64     22.64       35.93    23.50      57.72         18.66
    Subject to prepayment penalty                   .83     7.38      .23      n.a.        n.a.     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               7.41     3.41    20.72      3.11         .28     5.06       3.18          3.90
    Other livestock                                7.68     1.74    11.75      7.15        3.52    13.05       7.10          7.72
    Other current operating expenses 7            51.24    76.92    29.61     46.75       65.71    39.78      36.12         64.80
    Farm machinery and equipment                   5.29     1.26      .49      8.37        2.25    14.29      62.44          n.a.
    Farm real estate                              15.45     8.16    38.44      6.99       10.68    19.78      62.59          n.a.
    Other 8                                       12.92    16.67    33.88       .71        1.51      .62      37.02          5.26
  Type of collateral
    Farm real estate                              29.96    23.93    24.53     40.98       28.68    59.30      42.38         22.26
    Other                                         66.06    75.93    74.53     56.47       57.59    40.70      43.49         71.76
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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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