A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 6-10, 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)          936,265   24,988  101,814   412,215     227,973   42,817      5,228       121,231
Number of loans                                  17,735      873    2,159     8,176       3,121      698        108         2,601
Weighted average maturity (months) 1              16.38    12.52    10.10     19.80       12.48    11.58      10.57         19.72
Weighted average repricing interval (months) 2     2.96     9.95     6.20      2.37        2.43      .62       8.17          2.77
Weighted average risk rating 3                     3.20     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   8.35     8.30     8.21      8.28        8.29     9.01       8.73          8.62
  Standard error 5                                  .13      .22      .27       .19         .31      .31        .47           .12
  Interquartile range 6
    75th percentile                                9.04     9.42     9.00      8.90        8.99     9.92       8.87          9.44
    25th percentile                                7.57     7.26     7.25      7.76        7.50     7.76       8.60          7.98
  Purpose of loan
    Feeder livestock                               9.08     9.59     8.66      8.10        9.37     n.a.       9.11          8.50
    Other livestock                                7.67     9.01     8.57      8.49        8.01     8.87       9.62          8.73
    Other current operating expenses 7             7.88     8.51     8.69      8.61        9.48     8.92       8.98          8.38
    Farm machinery and equipment                   8.18     8.86     8.25      9.33       10.00    10.05       8.57          7.92
    Farm real estate                               7.00     n.a.     8.48      9.00        9.43     n.a.       5.76          7.76
    Other 8                                        9.44     7.46     7.44      7.95        8.87     8.32       8.06          8.65

Share of total loan volume
  Features of loan
    Floating rates                                80.54    22.33    48.92     86.17       85.57    97.44      32.07         86.62
    Under commitment                              82.73    85.16    87.30     88.69       97.40    96.67      90.77         25.30
    Callable                                      22.79    71.83    59.24     19.56       16.82     2.24       n.a.         12.54
    Subject to prepayment penalty                  1.94    12.55      .01      3.46         .33      .15       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               6.62    28.58     6.68      4.26        6.16     1.10       n.a.         13.20
    Other livestock                                8.44    12.74     4.96      7.27       12.18    20.44      58.70          1.04
    Other current operating expenses 7            39.22    42.10    44.93     37.14       29.00    50.09       5.94         57.74
    Farm machinery and equipment                  11.71    11.20     4.38     21.56        4.20      .14       3.29          3.08
    Farm real estate                               3.77      .69     n.a.      5.99        1.11      .46       n.a.          6.35
    Other 8                                       30.23     4.69    39.05     23.78       47.35    27.76      32.07         18.60
  Type of collateral
    Farm real estate                               9.26    13.24    20.30      4.30        9.10    20.93       n.a.         12.61
    Other                                         82.66    83.53    77.37     82.36       89.65    79.07     100.00         75.31
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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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