A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 7-11, 2007
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)          359,873   58,377  56,103   132,362      18,952   18,928     18,467        56,685
Number of loans                                  11,901    2,019   2,799     3,280         893      154        638         2,118
Weighted average maturity (months) 1              22.18    15.97   10.71     24.93       77.32    17.94      38.36         11.45
Weighted average repricing interval (months) 2    10.57     7.71    5.54     11.80       15.98    17.70      18.40          8.94
Weighted average risk rating 3                     2.59     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   9.04     8.61    9.18      9.00        9.63     9.05       9.88          8.93
  Standard error 5                                  .07      .16     .14       .13         .21      .45        .22           .32
  Interquartile range 6
    75th percentile                                9.50     8.95    9.49      9.35       10.20     9.20      10.26          9.81
    25th percentile                                8.42     8.25    8.75      8.74        9.11     8.94       9.79          8.04
  Purpose of loan
    Feeder livestock                               9.26     8.21    9.22      8.89       10.08    10.55       9.91          8.89
    Other livestock                                9.29     9.57    n.a.      9.53       10.20     9.65       9.63          8.52
    Other current operating expenses 7             9.03     8.59    9.09      9.08        9.40     9.01      10.06          9.12
    Farm machinery and equipment                   8.68     8.01    9.14      8.80       10.14     n.a.       8.52          8.52
    Farm real estate                               8.63     8.62    8.25      8.29        8.84     n.a.      11.07          8.69
    Other 8                                        9.13     8.86    9.44      7.72       10.29     9.17       9.75          9.25

Share of total loan volume
  Features of loan
    Floating rates                                35.25    32.72   60.21     30.32       71.60     1.82      41.32         21.67
    Under commitment                              59.92    80.16   66.33     58.87       50.39    95.57      66.35         24.35
    Callable                                      23.19    12.20   15.23     37.79       41.58      .95       n.a.         17.14
    Subject to prepayment penalty                  1.96     1.82     .45      4.03        2.09     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               7.51     1.88   12.84      5.61       18.18      .95      21.65          6.47
    Other livestock                                9.07     3.23   21.70      6.57        5.20     4.43       3.86         12.98
    Other current operating expenses 7            68.08    84.27   54.26     73.71       35.72    92.93      52.36         59.61
    Farm machinery and equipment                   6.16     2.81    2.76      6.51        3.08     n.a.       9.17         14.25
    Farm real estate                               4.62     3.04    2.63      4.79       20.63     n.a.       3.79          4.30
    Other 8                                        4.56     4.77    5.80      2.82       17.20     1.70       9.17          2.38
  Type of collateral
    Farm real estate                              12.21     6.71    6.39     13.13       42.33    29.76       3.79          8.29
    Other                                         84.24    90.12   91.33     86.43       56.85     n.a.       n.a.          n.a.
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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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