A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 1-5, 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)          462,529   53,013  94,052   205,595      26,302      113     42,349        41,104
Number of loans                                  12,642    2,001   3,139     3,841         884       14      1,143         1,620
Weighted average maturity (months) 1              33.20    15.57   42.00     33.53       31.39    48.36      25.73         43.11
Weighted average repricing interval (months) 2    15.20    11.77   15.46     18.42        5.06    48.33      17.16          7.28
Weighted average risk rating 3                     2.54     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   8.47     8.04    8.62      8.40        9.49    10.47       8.33          8.53
  Standard error 5                                  .16      .62     .26       .17        1.06     n.a.        .27           .31
  Interquartile range 6
    75th percentile                                9.00     8.87    9.00      8.81        9.78    10.47       9.25          9.38
    25th percentile                                7.98     7.78    8.03      8.04        8.31    10.47       7.76          7.75
  Purpose of loan
    Feeder livestock                               7.91     7.38    8.90      7.82        8.87     n.a.       7.99          7.41
    Other livestock                                8.98     8.65    n.a.      9.20        9.03     n.a.       8.78          8.40
    Other current operating expenses 7             8.55     8.28    8.69      8.54        8.59     n.a.       8.49          8.83
    Farm machinery and equipment                   8.80     8.68    8.74      8.41        9.53     n.a.       8.98          9.15
    Farm real estate                               8.01     7.04    8.03      8.00       17.49     n.a.       7.09          8.25
    Other 8                                        8.49     6.10    n.a.      8.11        9.97    10.47       7.97          9.36

Share of total loan volume
  Features of loan
    Floating rates                                36.32    35.32   51.54     24.31       70.44     n.a.      17.12         60.97
    Under commitment                              58.06    61.71   59.10     63.34       54.79     n.a.      38.89         46.55
    Callable                                      32.19    10.43    7.69     54.30       26.60     n.a.       2.91         39.61
    Subject to prepayment penalty                   .62     n.a.    n.a.      1.33        n.a.     n.a.        .31          n.a.
  Purpose of loan
    Feeder livestock                               7.65      .40    4.46      8.27       10.20     n.a.       1.48         25.88
    Other livestock                                6.18     7.82    8.59      4.07        2.59     n.a.       3.88         13.86
    Other current operating expenses 7            57.66    69.70   61.60     60.67       51.71     n.a.      49.50         30.40
    Farm machinery and equipment                   7.81     1.86    4.51      6.83       13.18     n.a.      18.25         13.73
    Farm real estate                              13.51    17.46   20.83     12.85        5.65     n.a.      13.15           .39
    Other 8                                        7.19     2.76    n.a.      7.31       16.67   100.00      13.74         15.74
  Type of collateral
    Farm real estate                              26.74     9.99   15.00     36.60       21.59     n.a.      34.61         21.15
    Other                                         72.27    90.01   84.08     62.39       77.41   100.00      63.93         77.04
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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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