A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 3-7, 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)          986,843   21,400  73,681   382,356     339,818   87,520      1,054        81,014
Number of loans                                  17,732      378   1,652     8,008       3,977    1,013         75         2,627
Weighted average maturity (months) 1              14.82    16.54   18.70     14.98       16.85     6.18      30.09         10.42
Weighted average repricing interval (months) 2     5.16    14.81    9.02      4.11        6.89      .22      29.03          1.75
Weighted average risk rating 3                     3.44     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   4.47     5.99    5.37      4.59        3.98     4.03       7.06          5.16
  Standard error 5                                  .23      .41     .28       .51         .38      .57        .55           .35
  Interquartile range 6
    75th percentile                                5.83     6.72    6.18      6.00        5.05     4.75       7.76          6.52
    25th percentile                                3.07     5.07    5.06      3.07        2.66     2.91       5.38          4.29
  Purpose of loan
    Feeder livestock                               5.18     5.88    4.52      4.09        2.94     n.a.       4.93          3.39
    Other livestock                                7.79     6.12    4.74      3.07        3.78     6.61       n.a.          4.96
    Other current operating expenses 7             6.24     5.12    5.25      4.45        4.29     6.50       5.56          5.19
    Farm machinery and equipment                   6.38     5.97    5.33      4.77        3.15     6.68       5.08          4.79
    Farm real estate                               n.a.     5.53    4.66      3.84        n.a.     n.a.       5.62          3.47
    Other 8                                        2.82     4.45    3.34      3.38        4.46     7.47       2.48          5.89

Share of total loan volume
  Features of loan
    Floating rates                                83.89    24.15   71.02     79.92       90.29    96.01      17.63         90.99
    Under commitment                              82.28    51.15   64.14     87.13       88.74    98.62      13.91         40.27
    Callable                                      15.12    42.26   15.31     26.56        5.67      .87       9.29          8.86
    Subject to prepayment penalty                 24.83      .50    6.09     19.71       34.87    53.26       n.a.          n.a.
  Purpose of loan
    Feeder livestock                               7.57    26.01   28.58      3.50        1.66    12.59       n.a.         22.23
    Other livestock                                8.89     2.01     .63      1.49       17.63    24.11       5.58          n.a.
    Other current operating expenses 7            53.79    52.48   55.89     55.92       53.59    36.48      14.81         62.21
    Farm machinery and equipment                   4.31    18.55    3.51      3.56        4.73      .96      26.95          6.43
    Farm real estate                               2.51     n.a.    6.56      4.09         .88     n.a.       n.a.          1.65
    Other 8                                       22.93      .94    4.82     31.44       21.52    25.85      52.66          7.48
  Type of collateral
    Farm real estate                              13.14    13.42   28.28     17.13        8.31     3.63      35.79         10.76
    Other                                         84.69    85.66   65.46     80.26       90.13    96.06      58.63         88.14
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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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