A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 1-5, 2005
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)          296,182   45,913  70,645    70,939      12,840      277     32,950        62,617
Number of loans                                  11,975    1,413   3,391     3,189         623       40      1,478         1,841
Weighted average maturity (months) 1              49.90   134.02   28.62     62.48        9.10     6.98      31.09         16.72
Weighted average repricing interval (months) 2    11.70     8.74   14.77     11.52        5.69     5.36      18.20          8.45
Weighted average risk rating 3                     2.26     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   7.69     7.84    7.65      7.77        8.49     8.69       7.70          7.37
  Standard error 5                                  .11      .68     .30       .13         .43      .83        .22           .18
  Interquartile range 6
    75th percentile                                8.43     8.03    8.75      8.28        9.25     9.16       8.13          7.90
    25th percentile                                7.23     7.57    6.93      7.40        7.85     7.50       7.23          6.96
  Purpose of loan
    Feeder livestock                               7.59     7.47    6.71      7.62        8.13     n.a.       8.82          7.58
    Other livestock                                7.88     9.10    n.a.      8.32        n.a.     n.a.       7.26          7.49
    Other current operating expenses 7             7.88     7.99    7.80      8.14        8.65     9.16       7.73          7.27
    Farm machinery and equipment                   7.94     n.a.    8.55      7.75        7.36     n.a.       7.39          7.82
    Farm real estate                               7.28     4.75    6.83      7.56        n.a.     n.a.       7.22          9.38
    Other 8                                        7.36     8.03    5.93      6.98        n.a.     7.50       8.35          6.42

Share of total loan volume
  Features of loan
    Floating rates                                54.45    68.50   40.98     72.47       50.14    28.57      18.45         58.88
    Under commitment                              41.95    41.64   76.25     38.87       47.50    71.43      22.10         16.15
    Callable                                      13.73     n.a.    3.32      6.00        1.01     n.a.       7.57         50.18
    Subject to prepayment penalty                  1.06     n.a.    n.a.       .23        n.a.     n.a.       n.a.          4.74
  Purpose of loan
    Feeder livestock                              13.48     5.38    5.98      4.42       10.85     n.a.       8.45         41.40
    Other livestock                                4.75     3.57    7.05      4.44        n.a.     n.a.       4.06          4.75
    Other current operating expenses 7            45.71    42.53   63.76     35.79       81.52    71.43      48.62         29.93
    Farm machinery and equipment                   8.36     n.a.   11.33      6.80        7.63     n.a.      14.69          9.77
    Farm real estate                              14.31     5.51    6.97     40.14        n.a.     n.a.      18.16           .74
    Other 8                                       13.39    43.01    4.92      8.42        n.a.    28.57       6.02         13.41
  Type of collateral
    Farm real estate                              30.99    50.67   14.73     49.77       29.76    71.43      24.04         17.38
    Other                                         67.28    49.33   83.66     49.70       70.24    28.57      75.34         77.21
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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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