A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 3-7, 2009
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)          274,621   53,822  61,846    67,268      31,137      904      2,385        57,260
Number of loans                                   8,860    1,294   1,950     3,013       1,079       50        137         1,337
Weighted average maturity (months) 1              32.56    68.37   22.04     15.58       40.03     9.88     133.79         22.55
Weighted average repricing interval (months) 2    27.87     9.17   10.60      8.16        1.69   133.70      12.14          2.36
Weighted average risk rating 3                     1.00     2.00    3.00      4.00        5.00     n.a.       n.a.         21.87

Weighted average interest rate 4                   6.29     6.58    5.85      6.69        6.13     5.72       7.22          6.09
  Standard error 5                                  .21      .32     .53       .21         .40     1.16       1.65           .32
  Interquartile range 6
    75th percentile                                7.00     7.76    6.63      7.19        7.76     5.13       7.18          6.50
    25th percentile                                5.50     5.56    5.06      6.32        4.99     5.13       6.70          5.53
  Purpose of loan
    Feeder livestock                               5.63     6.56    6.80      n.a.        n.a.     n.a.       5.31          6.19
    Other livestock                                6.82     4.38    n.a.      7.87        n.a.     5.54       6.65          6.08
    Other current operating expenses 7             5.75     5.78    6.60      5.60        5.72     6.14       6.18          7.16
    Farm machinery and equipment                   6.88     6.83    7.14      7.75        n.a.    10.19       6.81          6.39
    Farm real estate                               6.52     5.38    6.61      6.05        n.a.     7.18       6.24          6.99
    Other 8                                        7.60     8.40    6.38      5.87        n.a.     6.70       6.76         38.30

Share of total loan volume
  Features of loan
    Floating rates                                32.05    44.62   51.38     44.07       82.95     n.a.      19.75         57.88
    Under commitment                              43.95    73.02   69.35     60.19        n.a.     n.a.      43.24         11.17
    Callable                                      12.17    16.36   47.61     22.28        9.76     n.a.       7.59          1.85
    Subject to prepayment penalty                  n.a.     2.08    3.01      1.56        n.a.     n.a.       2.22         22.22
  Purpose of loan
    Feeder livestock                               8.33    13.33    6.21      n.a.        n.a.     n.a.      24.08          6.54
    Other livestock                                7.86     9.29    3.29      5.90        n.a.     8.41       6.54         49.97
    Other current operating expenses 7            24.72    66.04   61.96     46.14      100.00     8.21      45.31          7.47
    Farm machinery and equipment                   7.52     4.14   10.59     12.60        n.a.    10.16       4.56         13.67
    Farm real estate                              26.37     4.30   12.75     14.45        n.a.    64.67      10.60         11.17
    Other 8                                       25.20     2.91    5.21     20.92        n.a.     8.54       8.92         14.84
  Type of collateral
    Farm real estate                              29.49    10.14   17.06     48.67        9.76    73.21      18.19         76.45
    Other                                         69.42    87.56   82.38     50.92        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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