A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 4-8, 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)          327,854   27,004  68,885   131,704      32,005      323      1,133        66,800
Number of loans                                   8,734    1,006   2,026     2,739         812       30        207         1,913
Weighted average maturity (months) 1              30.07    15.26   41.82     28.11       40.69    21.59      16.42         23.75
Weighted average repricing interval (months) 2     9.40    13.33   18.22     22.17       21.57     8.41       8.44          2.65
Weighted average risk rating 3                     1.00     2.00    3.00      4.00        5.00     n.a.       n.a.         22.63

Weighted average interest rate 4                   6.40     6.02    6.48      6.50        6.43     8.85       7.50          6.21
  Standard error 5                                  .14      .37     .22       .17         .22      .05        .23           .43
  Interquartile range 6
    75th percentile                                7.00     6.45    6.90      6.96        7.18     8.87       7.25          8.00
    25th percentile                                5.88     5.26    5.90      5.98        5.38     8.87       6.98          5.11
  Purpose of loan
    Feeder livestock                               7.04     6.86    7.09      8.99        n.a.     n.a.       6.82          7.06
    Other livestock                                7.03     6.82    n.a.      8.37        8.87     n.a.       6.23          6.17
    Other current operating expenses 7             5.83     6.48    6.24      5.77        8.78     7.80       6.01          6.58
    Farm machinery and equipment                   8.15     7.43    6.71      7.05        n.a.     7.28       6.37          6.38
    Farm real estate                               n.a.     6.11    6.65      7.00        n.a.     n.a.       5.00          6.68
    Other 8                                        8.06     4.85    6.80      6.74        n.a.     n.a.       7.28         41.82

Share of total loan volume
  Features of loan
    Floating rates                                37.04    38.71   39.46     67.92        n.a.    31.81      39.45         52.56
    Under commitment                              47.84    39.29   68.45     56.66        n.a.     n.a.      36.00          8.07
    Callable                                       3.12    10.27   32.33     24.94        n.a.     n.a.      23.52          4.89
    Subject to prepayment penalty                  n.a.      .13    8.11     16.28       18.52     n.a.       n.a.         21.20
  Purpose of loan
    Feeder livestock                               3.36    15.07    6.35      3.56        n.a.     n.a.       8.49          5.61
    Other livestock                                8.81     4.31    6.95      4.33       81.48     n.a.       3.34         57.75
    Other current operating expenses 7            85.88    61.80   56.33     55.56       18.52    41.88      46.51          9.37
    Farm machinery and equipment                   1.11     3.46    3.22      6.58        n.a.    58.12      31.50          9.06
    Farm real estate                               n.a.    11.21    8.92     20.42        n.a.     n.a.       5.54         10.14
    Other 8                                         .85     4.16   18.23      9.55        n.a.     n.a.       4.61         14.84
  Type of collateral
    Farm real estate                               2.93    21.38   23.84     41.47       18.52    62.13      12.82         76.24
    Other                                         95.47    73.50   74.83     56.23        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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