A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 2-6, 2005
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)          1,333,963   16,596  87,197   587,968     540,236   51,331      7,267        43,367
Number of loans                                    23,081      833   2,373    11,709       5,541    1,069        153         1,403
Weighted average maturity (months) 1                23.10    19.54    9.71     17.08       28.08    28.00      61.33         67.38
Weighted average repricing interval (months) 2       3.85    14.00    2.45      2.64        4.01     4.24      38.89         11.19
Weighted average risk rating 3                       3.41     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     6.41     6.60    6.55      6.26        6.46     7.26       7.15          6.34
  Standard error 5                                    .16      .28     .24       .23         .25      .32        .46           .51
  Interquartile range 6
    75th percentile                                  7.08     7.25    7.25      7.00        7.00     8.12       7.79          7.23
    25th percentile                                  5.86     6.01    5.39      5.38        6.01     6.32       6.72          5.88
  Purpose of loan
    Feeder livestock                                 6.37     7.72    6.01      6.47        6.43     9.18       7.25          7.25
    Other livestock                                  6.43     5.25    6.67      6.10        6.26     8.62       7.25          7.87
    Other current operating expenses 7               6.58     6.54    7.17      6.34        6.74     6.93       5.08          6.75
    Farm machinery and equipment                     6.77     6.25    7.23      6.74        6.80     6.65      12.09          7.12
    Farm real estate                                 6.77     6.18    5.73      6.58        6.90     6.25       8.12          6.17
    Other 8                                          6.05     5.29    6.14      5.79        6.12     7.72       7.48          5.87

Share of total loan volume
  Features of loan
    Floating rates                                  89.75    50.64   63.13     88.72       97.88    90.81      60.98         74.45
    Under commitment                                81.68    80.32   89.98     82.69       79.84    79.66      50.81         82.30
    Callable                                        22.31    57.29   37.11     15.05       23.07    45.21       2.45         44.43
    Subject to prepayment penalty                    4.52      .12     .09      1.04        9.66     3.67       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                 9.25    17.32   44.27     11.53        2.32      .30       2.99          2.86
    Other livestock                                  3.77     3.42    6.80      3.27        3.49     6.23      31.35           .44
    Other current operating expenses 7              32.00    47.88   39.43     35.73       24.65    56.30      14.71         25.99
    Farm machinery and equipment                    14.63    20.72    2.64     17.57       14.28     7.38        .65         11.90
    Farm real estate                                 5.96    10.27     .33      2.94        9.95      .02      11.93         12.66
    Other 8                                         34.39      .39    6.54     28.95       45.30    29.77      38.37         46.15
  Type of collateral
    Farm real estate                                 8.22     4.73     .98      6.11        9.32    18.31      76.96         15.51
    Other                                           81.39    93.04   97.66     85.30       75.45    79.86      22.36         77.02
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   Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans.
   For explanation of footnotes, see table A.8.
   n.a. Not available.

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