A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 3-7, 2008
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)          459,083   40,104  92,173   150,283      23,101    2,670     17,508       133,246
Number of loans                                   9,665    1,466   1,999     3,012       1,022       44        461         1,661
Weighted average maturity (months) 1              29.25     8.91   16.49     32.86       41.90    11.73     233.76         11.51
Weighted average repricing interval (months) 2     7.07     6.34    8.61      7.22       30.06    11.72       3.36          2.46
Weighted average risk rating 3                     2.53     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.29     6.96    6.24      6.85        7.54     5.32       7.43          5.15
  Standard error 5                                  .21      .10     .37       .46         .34     3.03        .37           .48
  Interquartile range 6
    75th percentile                                7.50     7.75    7.41      8.06        8.26     5.00       7.50          6.30
    25th percentile                                4.50     6.06    4.50      5.65        7.12     5.00       7.50          4.08
  Purpose of loan
    Feeder livestock                               4.79     6.16    7.04      5.45        7.55     n.a.       6.51          4.14
    Other livestock                                7.20     7.45    n.a.      8.25        8.07     n.a.       5.74          6.61
    Other current operating expenses 7             6.50     7.14    6.28      6.42        8.06     5.00       7.64          6.36
    Farm machinery and equipment                   7.49     8.11    6.61      7.70        8.02    11.07       7.50          6.93
    Farm real estate                               7.17     7.39    6.25      7.03        7.34     n.a.       7.50          8.53
    Other 8                                        7.10     n.a.    8.19      7.24        6.19     n.a.       n.a.          8.41

Share of total loan volume
  Features of loan
    Floating rates                                59.23    36.87   41.12     66.32       38.73     n.a.      75.39         73.10
    Under commitment                              64.44    48.63   55.88     73.83       38.37    94.65      78.20         66.63
    Callable                                      19.07    20.37    4.83     42.03        7.81     n.a.       2.80          7.09
    Subject to prepayment penalty                 10.64     1.33    5.73     26.19       15.92     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              24.38    25.95    8.73      8.83       13.23     n.a.       2.10         57.63
    Other livestock                               13.60    17.10   14.52     18.03       15.48     n.a.       4.52          8.07
    Other current operating expenses 7            46.77    53.05   70.04     51.03       31.25    94.65      20.10         29.21
    Farm machinery and equipment                   4.27     1.73    1.15      6.36        6.09     5.35       9.54          3.80
    Farm real estate                               8.55     2.17    3.34     13.15       15.68     n.a.      63.74           .55
    Other 8                                        2.40     n.a.    2.22      2.60       18.28     n.a.       n.a.           .63
  Type of collateral
    Farm real estate                              32.96      .81    8.33     31.19       17.27     n.a.      63.74         61.01
    Other                                         63.70    91.03   85.30     68.18        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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