A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 4-8, 2009
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)          1,039,501   33,083  44,340   499,301     303,045   64,009      4,423        91,301
Number of loans                                    19,060      787   1,348     9,635       4,195      674         50         2,371
Weighted average maturity (months) 1                17.94    10.65   27.71     18.56       18.82    16.23       4.21         10.51
Weighted average repricing interval (months) 2       3.23     7.43    9.51      2.83        2.86     3.15        .49          2.25
Weighted average risk rating 3                       3.34     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.41     4.73    5.00      4.42        4.04     5.18       3.04          4.72
  Standard error 5                                    .23      .23     .38       .33         .25      .23       4.53           .58
  Interquartile range 6
    75th percentile                                  5.53     5.50    5.65      5.53        5.06     6.43       4.08          6.05
    25th percentile                                  3.25     4.08    4.08      3.30        2.91     2.91       1.26          3.28
  Purpose of loan
    Feeder livestock                                 4.79     5.04    4.46      3.69        3.96     n.a.       4.53          3.60
    Other livestock                                  4.34     5.16    4.67      3.06        3.75     9.65       4.53          4.74
    Other current operating expenses 7               4.69     4.93    4.72      4.50        4.88     3.17       5.33          5.39
    Farm machinery and equipment                     5.57     5.63    5.26      5.24        5.17    14.00       5.98          5.41
    Farm real estate                                 7.27     5.58    5.02      5.42        6.17     n.a.       6.26          3.62
    Other 8                                          3.80     2.88    3.52      3.38        5.81     2.69       2.64          7.02

Share of total loan volume
  Features of loan
    Floating rates                                  86.73    29.59   65.30     89.62       93.53    87.01      96.22         78.83
    Under commitment                                82.91    77.21   81.40     87.32       89.38    89.91      52.83         36.64
    Callable                                        23.31    56.65   18.26     34.00        8.74     9.98        .23         14.07
    Subject to prepayment penalty                   13.04     n.a.    6.30      7.84       24.07    32.25       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                 4.68    27.18    6.33      3.73        1.89     1.53       n.a.         12.62
    Other livestock                                  6.11      .65    3.19      3.03       13.06     8.41       1.95          1.87
    Other current operating expenses 7              57.76    68.71   70.54     60.16       53.32    45.66       2.48         60.35
    Farm machinery and equipment                     2.83     1.35    6.75      3.80         .71     2.91       1.83          3.16
    Farm real estate                                 3.25      .46   10.21      2.41        4.27     3.29       n.a.          2.23
    Other 8                                         25.37     1.65    2.97     26.86       26.76    38.20      93.74         19.78
  Type of collateral
    Farm real estate                                10.71      .75   14.63     10.68       10.84    11.84       n.a.         11.94
    Other                                           84.85    88.23   70.51     85.32       88.16    88.04      93.96         74.37
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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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