A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, February 5-9, 2007
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)          543,113  111,231  79,791   220,108      39,890      364      4,249        87,481
Number of loans                                   8,305    1,583   1,863     2,213         859       32        381         1,373
Weighted average maturity (months) 1              23.65    16.19   32.65     20.71       12.95     5.23      15.00         37.71
Weighted average repricing interval (months) 2    12.45     8.32   17.32     12.77        7.94      .00      12.06         14.56
Weighted average risk rating 3                     2.42     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   8.75     8.24    8.85      8.76        9.11    10.01       9.43          9.06
  Standard error 5                                  .14      .22     .25       .12         .35     n.a.        .42           .27
  Interquartile range 6
    75th percentile                                9.42     9.00    9.25      9.50        9.75    10.01       9.68          9.42
    25th percentile                                8.26     7.75    8.70      8.75        8.75    10.01       8.78          8.75
  Purpose of loan
    Feeder livestock                               9.06     8.41    7.85      9.49        9.72     n.a.       8.70          8.91
    Other livestock                                8.93     7.59    n.a.      9.59        8.84     n.a.       8.61          9.47
    Other current operating expenses 7             8.67     8.23    8.85      8.54        9.11    10.01       9.24          9.08
    Farm machinery and equipment                   9.03     8.25    9.30      8.93        9.34     n.a.      10.47          9.26
    Farm real estate                               8.50     8.00    7.70      8.90        n.a.     n.a.       n.a.          8.86
    Other 8                                        8.95    11.02    9.14      9.05        7.89     n.a.      10.75          8.28

Share of total loan volume
  Features of loan
    Floating rates                                35.61    29.91   47.15     27.78       41.40   100.00      30.23         49.39
    Under commitment                              50.53    70.19   60.48     49.96       79.15   100.00      42.44          5.03
    Callable                                      32.23    16.54   27.54     46.73       27.47   100.00      47.61         21.10
    Subject to prepayment penalty                   .79     2.63    n.a.       .57         .32     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              12.43    21.26    1.15     16.87        5.01     n.a.      13.17          3.71
    Other livestock                                4.84     5.10    9.92      2.33        3.29     n.a.      11.30          6.58
    Other current operating expenses 7            70.60    65.02   67.24     71.99       81.78   100.00      52.29         72.97
    Farm machinery and equipment                   4.72     4.00    7.56      3.12        7.21     n.a.       5.86          5.88
    Farm real estate                               4.66     4.24    5.92      4.61        n.a.     n.a.       n.a.          6.57
    Other 8                                        2.75      .38    8.21      1.09        2.71     n.a.      17.38          4.28
  Type of collateral
    Farm real estate                              13.57     8.62   28.60      6.60        7.62     n.a.       n.a.         27.14
    Other                                         84.25    84.37   70.64     93.22       91.83     n.a.       n.a.          n.a.
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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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