A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, February 2-6, 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)          1,637,936   75,496  103,344   687,318     561,861   41,235      4,022       164,659
Number of loans                                    19,597      892    1,937     9,867       3,810      730         52         2,310
Weighted average maturity (months) 1                17.34    11.76    17.60     19.97       14.05    12.36      31.30         21.31
Weighted average repricing interval (months) 2       6.54     3.78     3.74      6.61        6.63     1.63       9.09         10.21
Weighted average risk rating 3                       3.27     1.00     2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.85     5.03     5.19      4.88        4.64     5.04       4.44          5.11
  Standard error 5                                    .28      .44      .48       .37         .42      .54       1.30           .36
  Interquartile range 6
    75th percentile                                  6.18     5.50     5.83      6.26        6.66     6.38       5.90          6.17
    25th percentile                                  3.30     4.08     5.00      3.50        3.09     3.30       2.53          4.00
  Purpose of loan
    Feeder livestock                                 4.53     5.20     4.95      4.53        4.27     4.29       n.a.          3.96
    Other livestock                                  3.49     n.a.     4.82      4.36        2.55     3.80       n.a.          3.30
    Other current operating expenses 7               5.27     4.90     5.25      5.42        5.11     5.17       n.a.          5.41
    Farm machinery and equipment                     5.25     6.70     5.31      4.94        5.26     7.08       n.a.          5.96
    Farm real estate                                 5.51     5.25     6.09      5.46        5.54     3.75       6.43          5.40
    Other 8                                          3.55     5.28     4.51      3.25        3.32     4.79       2.67          4.13

Share of total loan volume
  Features of loan
    Floating rates                                  64.70    61.90    76.40     62.24       65.76    87.80      85.26         59.00
    Under commitment                                79.17    72.56    66.05     85.79       82.37    82.91      51.44         51.65
    Callable                                        11.19    29.37    19.37     14.05        2.32    10.86       n.a.         16.39
    Subject to prepayment penalty                    1.57      .16     n.a.       .56        3.44     4.51       n.a.           .30
  Purpose of loan
    Feeder livestock                                 4.02     9.27    13.09      2.61        3.09     1.19       n.a.          5.76
    Other livestock                                  5.50     n.a.     1.36      6.52        7.79      .20       n.a.           .02
    Other current operating expenses 7              62.98    68.97    68.83     62.01       64.55    60.77       n.a.         57.33
    Farm machinery and equipment                     3.86      .94    10.57      5.02         .82     1.00       n.a.          7.32
    Farm real estate                                 5.84     5.10     1.34      4.08        7.99      .11      47.14          9.45
    Other 8                                         17.80    15.72     4.81     19.75       15.76    36.73      52.86         20.12
  Type of collateral
    Farm real estate                                10.83     6.62     6.44      9.95        6.54    20.17      33.82         30.91
    Other                                           87.06    93.10    89.36     87.89       92.77    76.87      51.44         63.33
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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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