A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, February 3-7, 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)          681,410  113,790  171,471   143,801      45,384   31,402     24,781       150,781
Number of loans                                  20,626    3,425    5,689     4,872       1,427      929        742         3,543
Weighted average maturity (months) 1              34.10    35.96    32.94     34.30       51.47    18.14      23.27         34.54
Weighted average repricing interval (months) 2    12.71    21.63     7.97     14.89        7.89      .46      10.95         13.52
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                   6.54     6.49     6.65      6.76        6.35     6.58       6.86          6.26
  Standard error 5                                  .14      .52      .20       .23         .53      .52        .50           .28
  Interquartile range 6
    75th percentile                                7.38     7.50     7.25      7.50        7.75     6.45       8.06          7.23
    25th percentile                                5.75     5.30     6.00      6.00        4.84     6.45       6.50          5.50
  Purpose of loan
    Feeder livestock                               6.51     5.85     6.67      6.99        n.a.     6.64       7.92          6.00
    Other livestock                                6.86     6.49     n.a.      7.06        7.63     n.a.       7.97          6.31
    Other current operating expenses 7             6.54     6.12     6.77      7.03        6.43     6.57       7.08          6.19
    Farm machinery and equipment                   6.80     6.38     6.60      6.86        7.46     n.a.       7.23          6.91
    Farm real estate                               6.33     7.65     5.88      5.12        7.75     n.a.       4.81          5.79
    Other 8                                        6.41     7.26     6.50      6.77        4.81     n.a.       n.a.          6.70

Share of total loan volume
  Features of loan
    Floating rates                                58.60    38.41    65.29     62.62       77.13    95.37      34.73         53.08
    Under commitment                              45.63    21.37    59.60     53.12       58.01    16.89      38.64         44.32
    Callable                                      28.70    43.43    21.39     17.15        1.21    91.25       7.20         35.69
    Subject to prepayment penalty                   .23     1.34      .01      n.a.        n.a.     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               9.01     7.51    13.90      4.99        9.25    10.95      57.29          n.a.
    Other livestock                                4.61     4.07     4.21      2.61        3.27     9.12      46.31          n.a.
    Other current operating expenses 7            50.54    58.87    50.94     41.61       42.52    86.63      39.15         49.09
    Farm machinery and equipment                  12.80     5.57    18.28     11.26       10.49    11.92     100.20          n.a.
    Farm real estate                              13.00    21.32    10.31      9.11       16.38    16.04      84.98          n.a.
    Other 8                                       10.04     2.66     2.35     30.43       27.34    16.56       n.a.          n.a.
  Type of collateral
    Farm real estate                              24.15    41.86    14.84     33.42       16.38     7.42      12.15         20.35
    Other                                         72.63    56.99    77.40     63.28       82.53    91.86      84.24         79.03
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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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