A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 5-9, 2007
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)          474,112  122,239  72,551    46,780      39,241   38,469     52,868       101,964
Number of loans                                  10,536    1,816   2,864     1,765         848       94        914         2,235
Weighted average maturity (months) 1              27.99    31.97   23.92     42.09       26.44     3.30      29.58         28.86
Weighted average repricing interval (months) 2    15.21    12.81   13.06     21.08       15.04     2.79      28.29         14.88
Weighted average risk rating 3                     2.37     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   8.36     7.66    8.82      8.78        9.01     7.52       8.38          8.72
  Standard error 5                                  .17      .44     .12       .22         .33      .76        .19           .15
  Interquartile range 6
    75th percentile                                9.01     8.81    9.35      9.53        9.70     7.45       8.50          9.14
    25th percentile                                7.63     6.01    8.19      8.06        8.50     7.45       8.25          8.16
  Purpose of loan
    Feeder livestock                               8.79     8.66    9.29      8.42        9.30     n.a.       8.24          8.92
    Other livestock                                8.50    10.38    n.a.      9.65        9.53     7.45       8.39          9.68
    Other current operating expenses 7             8.27     7.56    8.88      9.03        8.88     9.70       8.64          8.78
    Farm machinery and equipment                   8.78     7.64    8.57      8.96        9.19     n.a.       8.65          8.95
    Farm real estate                               7.35     7.23    7.26      7.61        7.75     n.a.       8.25          7.08
    Other 8                                        8.87     n.a.    8.61      8.90        8.84     n.a.       n.a.          9.11

Share of total loan volume
  Features of loan
    Floating rates                                34.86    31.21   33.04     47.79       61.78     3.17      14.94         46.50
    Under commitment                              54.81    56.40   60.41     51.15       71.87    97.30      19.65         46.24
    Callable                                      23.26    13.17    8.99     15.39       63.19     2.70      12.35         47.18
    Subject to prepayment penalty                   .78      .37    2.65      1.63         .98      .47       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              21.54    11.51    1.91      6.18       65.79     n.a.      52.58         29.59
    Other livestock                               19.13      .58   29.60     17.77        1.96    96.83      16.78         13.05
    Other current operating expenses 7            43.02    75.60   52.06     40.54       12.26     3.17      23.79         35.51
    Farm machinery and equipment                   4.34      .76    6.52     12.52        3.45     n.a.       5.43          4.74
    Farm real estate                              10.49    11.55    6.10     21.81       15.03     n.a.       1.42         14.05
    Other 8                                        1.48     n.a.    3.81      1.18        1.52     n.a.       n.a.          3.06
  Type of collateral
    Farm real estate                              22.75    18.71    6.72     32.19       18.56     n.a.      53.15         29.12
    Other                                         73.91    77.31   90.77     67.04        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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