A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, February 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)          1,029,892   30,046  121,990   532,889     220,499   80,323      5,201        38,944
Number of loans                                    19,076      706    2,134    10,397       3,608      966        545           719
Weighted average maturity (months) 1                16.87     8.12    11.35     18.51       18.25    13.78      13.73         17.97
Weighted average repricing interval (months) 2       4.81     7.39     3.61      5.58        3.82     4.03       5.80          2.97
Weighted average risk rating 3                       3.20     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     7.86     7.56     7.87      7.80        7.93     8.47       7.89          7.32
  Standard error 5                                    .09      .24      .19       .21         .19      .21        .26           .17
  Interquartile range 6
    75th percentile                                  8.53     8.33     8.33      8.53        8.51     8.68       8.28          7.71
    25th percentile                                  7.35     6.72     7.64      7.23        7.29     7.79       7.24          6.77
  Purpose of loan
    Feeder livestock                                 7.86     8.07     8.15      7.68        7.80     9.16       n.a.          8.50
    Other livestock                                  7.80     6.75     7.74      7.84        7.99     7.64       7.74          7.00
    Other current operating expenses 7               8.08     7.66     7.85      8.07        8.16     8.48       7.59          7.31
    Farm machinery and equipment                     7.94     6.82     8.68      7.87        8.51     7.69       8.96          8.62
    Farm real estate                                 7.82     7.70     7.04      8.17        6.86     n.a.       8.65          7.60
    Other 8                                          7.29     9.12     7.89      6.92        7.57     8.54       8.18          7.29

Share of total loan volume
  Features of loan
    Floating rates                                  78.97     8.81    64.32     83.48       90.26    63.32      20.29         93.56
    Under commitment                                83.70    79.40    82.17     83.42       91.55    63.69      87.41         91.97
    Callable                                        27.49    56.29    33.67     28.27       13.17    36.49      87.78         29.65
    Subject to prepayment penalty                    2.73     1.32     1.80      4.61         .27      .47       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                 7.22    31.96    14.82      7.14        3.75      .30       n.a.           .18
    Other livestock                                  8.34    29.91     2.46      5.56       19.70      .21      12.56           .14
    Other current operating expenses 7              54.06    25.87    70.43     53.30       44.57    85.51      61.11         22.99
    Farm machinery and equipment                     6.63     1.32     1.09     10.88        2.75     1.85      10.74          1.25
    Farm real estate                                 3.87     7.60     3.92      4.84        2.34     n.a.       8.64          3.60
    Other 8                                         19.88     3.34     7.27     18.29       26.89    12.14       6.95         71.84
  Type of collateral
    Farm real estate                                 8.58    13.94     7.40     10.37        6.39     3.00      11.15          7.13
    Other                                           86.81    83.85    90.74     84.09       88.56    94.91      84.27         87.76
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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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