A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 2-6, 2004
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)          327,516   32,194  86,118   130,201      11,223    1,730     10,100        55,949
Number of loans                                  16,722    2,064   5,116     4,186         625      133        841         3,755
Weighted average maturity (months) 1              21.64    15.23   22.59     20.02       36.73     8.03      15.74         27.00
Weighted average repricing interval (months) 2    11.09     9.40   13.77     11.17        2.36     1.79      15.12          9.04
Weighted average risk rating 3                     2.48     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.51     6.61    6.74      6.11        6.46     7.30       7.15          6.93
  Standard error 5                                  .17      .24     .19       .36         .34      .10        .32           .12
  Interquartile range 6
    75th percentile                                7.38     7.20    7.79      7.02        6.90     9.19       8.06          7.38
    25th percentile                                5.90     6.18    6.00      5.38        5.90     5.56       6.34          6.25
  Purpose of loan
    Feeder livestock                               6.34     6.61    5.82      5.86        6.59     n.a.       6.02          7.14
    Other livestock                                6.99     6.25    n.a.      6.23        6.23     n.a.       7.90          7.11
    Other current operating expenses 7             6.71     6.88    6.82      6.41        6.36     7.30       6.76          7.07
    Farm machinery and equipment                   6.70     5.44    6.59      6.96        7.16     n.a.       7.91          6.52
    Farm real estate                               5.24     6.00    5.43      4.78        7.02     n.a.       n.a.          6.74
    Other 8                                        5.28     n.a.    4.33      4.92        n.a.     n.a.       8.25          6.65

Share of total loan volume
  Features of loan
    Floating rates                                42.45    36.53   56.92     37.15       82.07    72.71       1.28         34.45
    Under commitment                              55.49    40.79   44.96     70.40       61.81    66.45       3.40         53.24
    Callable                                      21.26    10.98   10.43     26.05       38.76     n.a.       3.89         33.00
    Subject to prepayment penalty                   .43     4.33    n.a.      n.a.        n.a.     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               3.26      .41    2.44      2.99        4.53     n.a.       4.51          6.44
    Other livestock                               14.35     2.80   15.09     15.90        8.27     n.a.       9.01         18.86
    Other current operating expenses 7            53.59    77.11   61.42     43.51       72.81   100.00      60.30         44.92
    Farm machinery and equipment                  13.36    13.44    3.71     15.53        6.78     n.a.      21.44         23.40
    Farm real estate                              10.16     6.23   16.83     11.68        7.61     n.a.       n.a.          1.26
    Other 8                                        5.29     n.a.     .50     10.40        n.a.     n.a.       4.75          5.13
  Type of collateral
    Farm real estate                              17.05     4.33   25.59     16.53       48.98     5.16       8.84          7.90
    Other                                         77.28    95.14   72.71     73.70       50.79    94.84      83.87         85.97
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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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