A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 3-7, 2010
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)          1,106,110   56,530  58,449   376,828     357,909  161,941      2,893        91,560
Number of loans                                    17,824      674   1,656     7,896       4,195    1,201         44         2,158
Weighted average maturity (months) 1                20.10    15.12   21.62     18.25       23.73    14.70       4.23         25.46
Weighted average repricing interval (months) 2       5.71     5.93    6.60      4.19        2.54    10.05       1.74         16.13
Weighted average risk rating 3                       3.50     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.89     4.04    5.48      4.65        4.88     5.18       2.96          5.61
  Standard error 5                                    .25      .44     .13       .23         .40      .53        .98           .22
  Interquartile range 6
    75th percentile                                  6.25     5.26    6.18      5.75        6.40     7.00       3.55          6.43
    25th percentile                                  3.43     2.78    5.06      3.42        3.43     3.43       1.31          5.03
  Purpose of loan
    Feeder livestock                                 6.23     4.45    4.70      4.93        4.49     n.a.       4.97          4.50
    Other livestock                                  n.a.     7.37    5.07      4.99        3.72     n.a.       7.00          5.09
    Other current operating expenses 7               5.24     5.47    5.03      4.98        4.43     3.55       5.95          5.85
    Farm machinery and equipment                     6.89     6.11    5.62      4.11        7.22     n.a.       6.73          6.35
    Farm real estate                                 5.00     5.52    6.09      6.18        6.96     n.a.       5.10          4.23
    Other 8                                          2.85     5.98    3.32      4.84        3.96     2.73       5.76          6.04

Share of total loan volume
  Features of loan
    Floating rates                                  82.25    80.12   65.02     85.88       89.97    72.46      50.10         67.81
    Under commitment                                79.43    92.72   78.37     81.57       87.94    83.57      58.83         23.10
    Callable                                        19.96    13.85   34.15     27.74       10.49    21.56       n.a.         17.56
    Subject to prepayment penalty                   21.49    56.18    6.52     19.84       15.96    43.38       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                 5.46     3.21    5.95      4.49        4.21     1.42       n.a.         22.73
    Other livestock                                  5.28     n.a.     .18      3.06        6.50    14.49       n.a.           .12
    Other current operating expenses 7              42.01    28.52   79.66     53.72       29.93    29.49      28.39         47.91
    Farm machinery and equipment                     6.84     9.10    1.89      7.25        5.07    14.22       n.a.           .98
    Farm real estate                                 6.52     1.28    3.09      4.80        1.85    21.41       n.a.         11.18
    Other 8                                         33.89    57.88    9.23     26.69       52.44    18.97      71.61         17.09
  Type of collateral
    Farm real estate                                12.98     1.89   15.09      8.86       10.41    20.75      10.96         31.80
    Other                                           84.90    93.21   77.59     87.92       88.89    79.24      69.56         66.90
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   Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans.
   For explanation of footnotes, see table A.8.
   n.a. Not available.

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