A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, November 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)          1,230,938   90,414  79,091   413,002     384,636  118,432      2,926       142,436
Number of loans                                    17,408      729   1,381     8,078       3,823      993         19         2,387
Weighted average maturity (months) 1                13.24    13.24   11.29     13.01       16.50     9.61       9.13          8.81
Weighted average repricing interval (months) 2       2.76     3.09    8.03      3.36        1.62     1.15        .02          2.36
Weighted average risk rating 3                       3.33     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                     4.19     3.26    5.33      4.18        3.86     4.22       4.15          5.02
  Standard error 5                                    .32      .70     .22       .48         .60      .68        .24           .04
  Interquartile range 6
    75th percentile                                  5.32     4.96    6.00      5.12        5.06     4.59       5.13          6.11
    25th percentile                                  3.09     1.40    5.08      3.04        3.04     3.30       3.30          4.06
  Purpose of loan
    Feeder livestock                                 4.03     1.57    5.43      5.36        4.43     4.37       5.13          4.54
    Other livestock                                  3.95     6.70    5.29      5.22        3.52     3.81       n.a.          5.15
    Other current operating expenses 7               4.66     5.13    5.30      4.58        4.08     4.75       4.72          5.68
    Farm machinery and equipment                     4.13     6.37    6.67      3.88        4.23     9.94       n.a.          5.85
    Farm real estate                                 6.04     4.28    5.14      6.80        6.20     n.a.       n.a.          6.29
    Other 8                                          3.33     5.76    3.86      2.89        3.48     3.76       3.30          2.94

Share of total loan volume
  Features of loan
    Floating rates                                  87.08    90.34   38.36     86.45       95.86    88.05      99.32         89.11
    Under commitment                                82.83    63.71   49.07     91.58       94.79    98.57     100.00         42.57
    Callable                                        13.12     8.40   17.35     15.42        6.35     4.10       n.a.         33.10
    Subject to prepayment penalty                   30.60    52.20    6.00     21.84       47.66    43.26       n.a.          n.a.
  Purpose of loan
    Feeder livestock                                13.94    54.38   50.28      7.14        1.97     7.01      43.28         25.29
    Other livestock                                  5.87     2.24    3.84      1.75       10.65    15.27       n.a.           .65
    Other current operating expenses 7              44.04    37.30   29.60     44.72       45.09    41.15       4.06         54.77
    Farm machinery and equipment                     9.10     2.07    2.44     21.97        2.73      .05       n.a.          4.89
    Farm real estate                                 2.45     1.31   10.46      2.54        2.48     n.a.       n.a.           .48
    Other 8                                         24.59     2.69    3.39     21.89       37.07    36.53      52.65         13.91
  Type of collateral
    Farm real estate                                10.66     1.81   35.11     10.72        6.78     7.54      52.65         14.76
    Other                                           85.87    96.99   58.17     87.29       87.45    92.40      46.67         81.17
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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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