A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 6-10, 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)          285,178   34,558  108,156    53,439      27,938     n.a.     13,986        47,101
Number of loans                                   8,353    1,174    1,990     1,859         741     n.a.        563         2,026
Weighted average maturity (months) 1              47.37    10.58    82.43     11.50       40.72     n.a.     105.17         20.34
Weighted average repricing interval (months) 2    16.16     n.a.   105.04     12.63        2.33     1.00       2.00          3.00
Weighted average risk rating 3                     4.00     n.a.     n.a.      n.a.       24.47     5.20      28.38         24.71

Weighted average interest rate 4                   8.51     8.62     8.02      8.75        9.42     n.a.       8.51          8.72
  Standard error 5                                  .22      .29      .31       .23         .47      .27        .09          7.76
  Interquartile range 6
    75th percentile                                8.52     9.26     9.84      9.40        9.40     8.44       9.34          9.68
    25th percentile                                8.13     7.14     8.28      9.34        7.76     7.76       9.26          9.06
  Purpose of loan
    Feeder livestock                               9.36     n.a.     n.a.      8.25        9.19     9.28       9.15          9.64
    Other livestock                                9.65     n.a.     n.a.      8.95        9.03     8.59       8.64          9.15
    Other current operating expenses 7             9.77     n.a.     9.37      9.24        8.29     9.03       8.18          8.31
    Farm machinery and equipment                   8.68     n.a.     9.41      8.16        7.92     6.87       8.11          8.54
    Farm real estate                               8.01     n.a.     7.91      9.65        7.44     7.23       7.15          9.95
    Other 8                                       10.91     n.a.     n.a.      8.45       43.49    23.47      69.10         20.57

Share of total loan volume
  Features of loan
    Floating rates                                75.52     n.a.      .68     19.11       61.53    37.38      83.82         85.20
    Under commitment                              63.32     n.a.    21.50     12.04        6.45    32.46       2.45           .96
    Callable                                      70.91     n.a.     n.a.      9.08        2.41      .23        .83          3.98
    Subject to prepayment penalty                 13.47     n.a.     n.a.      n.a.       38.02    10.66      51.47         53.34
  Purpose of loan
    Feeder livestock                               5.20     n.a.     n.a.      5.46        6.45    25.08       1.21          4.42
    Other livestock                                 .51     n.a.    10.63      9.42       41.85    31.91      43.71         31.60
    Other current operating expenses 7            73.91     n.a.    26.25     42.10       21.15     3.64      10.14         55.26
    Farm machinery and equipment                   1.61     n.a.     9.18     35.74        7.06     5.35       4.22          2.06
    Farm real estate                              17.94     n.a.    53.94       .12       17.04     1.56      38.28          5.69
    Other 8                                         .83     n.a.     n.a.      7.16       22.10     7.90      29.23          6.60
  Type of collateral
    Farm real estate                              30.71     n.a.    53.94      9.41       61.01    89.34      48.06         46.29
    Other                                         68.91     n.a.    43.63     87.12        n.a.     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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