A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 5-9, 2008
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)          1,313,049   42,056  125,527   585,261     336,878   79,668     15,908       127,753
Number of loans                                    20,134      561    1,790     9,712       4,507      728        313         2,524
Weighted average maturity (months) 1                24.47    36.10    13.76     29.55       15.30    31.49      16.96         28.59
Weighted average repricing interval (months) 2       7.67    24.94     8.07      8.69        4.32     1.06       7.52         10.00
Weighted average risk rating 3                       3.25     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     5.47     5.68     5.46      5.51        5.12     5.83       5.86          5.85
  Standard error 5                                    .27      .34      .27       .28         .43      .25       1.29           .63
  Interquartile range 6
    75th percentile                                  6.35     6.35     6.25      6.61        5.71     6.09       6.31          6.54
    25th percentile                                  4.59     5.13     4.08      4.59        4.37     5.61       4.59          5.00
  Purpose of loan
    Feeder livestock                                 5.16     5.40     5.71      5.30        5.05     6.27       4.57          4.68
    Other livestock                                  5.00     5.80     5.63      5.29        3.96     4.18       n.a.          6.73
    Other current operating expenses 7               5.71     5.52     5.80      5.73        5.49     5.52       6.50          6.09
    Farm machinery and equipment                     5.51     7.50     6.42      6.06        5.01     5.63       9.39          5.50
    Farm real estate                                 6.37     6.69     6.84      5.99        6.03     7.88       7.76          7.22
    Other 8                                          5.00     5.39     4.02      4.91        4.89     5.77       5.45          5.31

Share of total loan volume
  Features of loan
    Floating rates                                  80.29    55.77    51.64     83.49       85.54    88.38      72.45         83.94
    Under commitment                                75.87    80.74    85.20     76.78       91.11    53.76      81.29         33.91
    Callable                                        19.55    38.10    49.79     21.03        6.60     4.66       2.66         22.44
    Subject to prepayment penalty                    2.63      .32      .77      3.11        4.31     n.a.       n.a.           .50
  Purpose of loan
    Feeder livestock                                 4.87    18.17     6.91      3.81        1.47      .70        .66         15.45
    Other livestock                                  6.50      .39    22.49      5.09        6.93     4.54       n.a.           .19
    Other current operating expenses 7              41.83    56.44    42.05     49.26       32.04    22.21        .08         46.05
    Farm machinery and equipment                     5.94     1.11     2.04      4.25       13.07     2.95       8.51          1.90
    Farm real estate                                 9.66    15.06     5.90     10.73        7.31     8.78       3.14         14.22
    Other 8                                         31.19     8.84    20.62     26.86       39.16    60.83      87.61         22.19
  Type of collateral
    Farm real estate                                14.73    14.34    10.14     15.67       13.61     9.05      16.36         21.36
    Other                                           81.15    85.12    84.34     78.41       83.92    89.63      76.64         77.23
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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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