A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 7-11, 2006
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)          379,270   38,242  103,205   125,819      14,458     n.a.     17,955        79,592
Number of loans                                   9,324      911    2,814     3,112         897     n.a.        371         1,219
Weighted average maturity (months) 1              38.52   128.63    32.34     34.97       35.97     n.a.      11.02         15.42
Weighted average repricing interval (months) 2    13.39    17.84    14.39     12.96       19.54     n.a.       1.51         12.18
Weighted average risk rating 3                     2.41     1.00     2.00      3.00        4.00     n.a.       n.a.          n.a.

Weighted average interest rate 4                   9.00     8.58     9.21      9.36        9.36     n.a.       8.43          8.43
  Standard error 5                                  .13      .17      .23       .15         .37     n.a.        .21           .23
  Interquartile range 6
    75th percentile                                9.50     8.47     9.58     10.16        9.50     n.a.       8.24          9.25
    25th percentile                                8.33     8.23     8.68      8.84        9.12     n.a.       8.24          7.70
  Purpose of loan
    Feeder livestock                               8.44     8.62     8.93      9.52        9.16     n.a.       8.25          8.15
    Other livestock                                9.60     8.42     n.a.      9.81        n.a.     n.a.       n.a.          9.44
    Other current operating expenses 7             9.28     8.81     9.50      9.42        9.73     n.a.       9.20          8.30
    Farm machinery and equipment                   8.81     9.27     9.35      8.76        9.61     n.a.       8.57          8.52
    Farm real estate                               8.33     8.40     8.00      8.14        9.32     n.a.       n.a.          8.65
    Other 8                                        8.87     n.a.     8.34      9.75        n.a.     n.a.       n.a.          8.10

Share of total loan volume
  Features of loan
    Floating rates                                47.57    64.19    72.59     32.49       56.31     n.a.      84.97         20.97
    Under commitment                              51.06    22.06    63.93     62.10       46.94     n.a.      92.85         22.18
    Callable                                      13.80     3.55     2.51     12.69       37.06     n.a.       4.92         32.89
    Subject to prepayment penalty                   .16     n.a.     n.a.       .47        n.a.     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              20.20     2.72     5.55      5.51       41.77     n.a.      79.66         53.51
    Other livestock                               22.81     5.20    26.31     35.28        n.a.     n.a.       n.a.         16.32
    Other current operating expenses 7            32.76    25.60    49.57     34.26       23.12     n.a.      17.86         17.15
    Farm machinery and equipment                   8.75     8.43     2.43     14.59        4.95     n.a.       2.48          9.96
    Farm real estate                              14.10    58.05    13.57      8.74       30.16     n.a.       n.a.          2.40
    Other 8                                        1.38     n.a.     2.57      1.62        n.a.     n.a.       n.a.           .66
  Type of collateral
    Farm real estate                              25.59    58.22    15.72     36.47       17.35     n.a.        .60         12.67
    Other                                         72.48    41.78    78.19     63.30       81.49     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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