A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 3-7, 2010
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)          426,712   92,977  94,849   162,514      18,395    6,454       n.a.        51,523
Number of loans                                  10,474    1,297   1,899     4,540         951       63       n.a.         1,725
Weighted average maturity (months) 1              33.11    69.68   22.32     24.03       22.31     8.83       n.a.         22.42
Weighted average repricing interval (months) 2    12.42     2.23    n.a.     14.15        2.34     1.00       2.00          3.00
Weighted average risk rating 3                     4.00     5.00    n.a.      n.a.       28.01     3.18      14.14         60.14

Weighted average interest rate 4                   6.45     6.04    6.73      6.46        6.39     6.46       n.a.          6.64
  Standard error 5                                  .06      .49     .23       .11         .18      .71        .31          5.90
  Interquartile range 6
    75th percentile                                7.50     6.98    6.96      6.33        7.31     5.86       5.68          6.48
    25th percentile                                5.13     5.83    6.00      6.17        6.33     6.09       6.98          6.76
  Purpose of loan
    Feeder livestock                               6.43     n.a.    n.a.      7.16        6.67     7.56       7.18          6.04
    Other livestock                                6.84     n.a.    n.a.      6.86        6.41     5.88       6.75          6.52
    Other current operating expenses 7             6.29     8.45    n.a.      6.47        6.78     6.39       7.56          6.75
    Farm machinery and equipment                   7.28     n.a.    n.a.      6.89        6.09     5.91       7.12          6.13
    Farm real estate                               6.96     n.a.    n.a.      9.01        7.02     6.56       7.50          6.51
    Other 8                                        5.58     6.33    n.a.      6.36       42.27    58.16      31.99         45.69

Share of total loan volume
  Features of loan
    Floating rates                                25.84    94.45    n.a.     21.08       54.82    55.59      49.78         65.33
    Under commitment                              52.80    94.45    n.a.     25.36        8.91     2.00      24.18          5.01
    Callable                                       8.20     n.a.    n.a.      7.59        3.99     n.a.       2.78          7.90
    Subject to prepayment penalty                  5.50     3.45    n.a.       .61       19.21    27.78       9.82         15.07
  Purpose of loan
    Feeder livestock                               3.28     n.a.    n.a.      8.71        5.79     5.19       2.82          6.62
    Other livestock                               13.51     n.a.    n.a.      7.70       59.68    58.18      41.99         73.28
    Other current operating expenses 7            67.03     6.23    n.a.     56.17        7.06    11.58       4.11          3.73
    Farm machinery and equipment                   4.15     n.a.    n.a.     16.74        8.63    21.63        .68          9.00
    Farm real estate                               5.22     n.a.    n.a.       .96        9.92     1.41      26.22          2.36
    Other 8                                        6.82    93.77    n.a.      9.73       14.53    18.21      18.37         11.03
  Type of collateral
    Farm real estate                              20.44    95.87    n.a.     24.02       79.05    70.78      88.66         83.69
    Other                                         76.81     4.13    n.a.     71.82        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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