A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 6-10, 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)          317,311   56,553  107,384    76,657      23,748    1,013     17,136        34,821
Number of loans                                   8,816    1,606    2,190     2,398         954       79        435         1,154
Weighted average maturity (months) 1              27.53    12.37    10.18     39.88       76.30    11.87      67.63         26.57
Weighted average repricing interval (months) 2    14.97     7.24     4.44     23.94       54.10      .67      24.80          9.19
Weighted average risk rating 3                     2.27     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   8.82     8.73     8.86      8.76        8.78     9.72       9.51          8.64
  Standard error 5                                  .11      .34      .17       .17         .25      .57        .29           .21
  Interquartile range 6
    75th percentile                                9.30     9.96     9.19      9.31        9.31    10.08      10.47          9.25
    25th percentile                                8.17     7.95     8.68      8.17        8.25     8.95       9.14          8.16
  Purpose of loan
    Feeder livestock                               8.74     8.55     8.95      8.82        9.04     n.a.       9.42          7.64
    Other livestock                                8.88     8.27     n.a.      8.98        8.91     n.a.       9.07          8.89
    Other current operating expenses 7             9.05     9.13     8.89      9.15        9.69     9.72       9.15          8.97
    Farm machinery and equipment                   8.53     9.42     7.57      9.32        9.29     n.a.       8.61          8.90
    Farm real estate                               8.27     7.47     8.44      8.14        8.25     n.a.       9.15          8.80
    Other 8                                        9.16     9.38     8.50      8.74        8.43     n.a.      10.47          8.51

Share of total loan volume
  Features of loan
    Floating rates                                50.98    50.72    65.77     40.43       46.94   100.00      59.11         26.36
    Under commitment                              62.04    62.16    72.10     71.99       39.50   100.00      50.43         28.93
    Callable                                      15.10    28.67    11.62     11.27       17.69     n.a.       8.14         14.36
    Subject to prepayment penalty                  2.02     n.a.      .52      3.71       12.71     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              26.85    34.44    39.55     15.17       15.72     n.a.       5.48         19.95
    Other livestock                               15.72    15.01    17.47     17.85       10.70     n.a.      11.68         12.61
    Other current operating expenses 7            34.90    41.31    35.22     29.43       17.56   100.00      26.73         49.49
    Farm machinery and equipment                   4.50     4.28     5.81      3.78        5.82     n.a.       1.90          2.92
    Farm real estate                              13.41     4.80     1.61     29.75       36.27     n.a.      27.13          5.86
    Other 8                                        4.63      .15      .34      4.03       13.93     n.a.      27.09          9.18
  Type of collateral
    Farm real estate                              24.65      .65    16.15     43.05       51.25     n.a.      55.12         16.90
    Other                                         74.53    98.53    83.19     55.59       47.65     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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