A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized 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)          297,125   19,675  71,700    68,852      23,311      592     18,461        94,533
Number of loans                                   8,006      825   2,511     2,245         994       44        173         1,213
Weighted average maturity (months) 1              23.76    11.42   30.21     31.60       22.47     7.95      12.02         18.43
Weighted average repricing interval (months) 2    15.49    10.59   26.19     20.94       17.81      .09      12.02          4.64
Weighted average risk rating 3                     2.53     1.00    2.00      3.00        4.00     5.00       n.a.          n.a.

Weighted average interest rate 4                   6.46     6.39    6.67      6.32        6.71     7.61       5.74          6.50
  Standard error 5                                  .13      .45     .11       .38         .44      .42       1.16           .11
  Interquartile range 6
    75th percentile                                7.01     7.23    7.16      7.50        7.23     8.14       5.64          6.61
    25th percentile                                5.88     6.03    5.88      5.06        5.04     7.30       5.64          6.18
  Purpose of loan
    Feeder livestock                               6.35     6.36    7.43      6.03        6.08     n.a.       8.00          6.62
    Other livestock                                7.45     7.48    n.a.      6.08        7.67     n.a.       6.75          8.09
    Other current operating expenses 7             6.48     5.95    6.58      6.90        6.18     7.61       8.33          6.38
    Farm machinery and equipment                   7.07     6.81    7.50      6.49        7.29     n.a.       7.12          7.24
    Farm real estate                               6.00     n.a.    6.21      5.67        6.96     n.a.       5.64          6.45
    Other 8                                        6.75     6.50    9.31      6.83        7.58     n.a.       n.a.          6.45

Share of total loan volume
  Features of loan
    Floating rates                                47.73    17.40   30.86     52.00       43.59   100.00       n.a.         73.74
    Under commitment                              57.20    30.14   57.56     62.49       55.16   100.00       n.a.         70.11
    Callable                                      27.71    25.16   15.42     36.40       53.58     n.a.      97.69         11.35
    Subject to prepayment penalty                  9.83     n.a.   10.77     30.72        1.39     n.a.       n.a.          n.a.
  Purpose of loan
    Feeder livestock                              16.56    26.97   11.57     40.84       22.70     n.a.       2.31          1.88
    Other livestock                                6.49    13.96    7.31      2.67       20.31     n.a.        .71          4.86
    Other current operating expenses 7            51.82    43.58   48.90     33.54       29.57   100.00       1.06         84.16
    Farm machinery and equipment                   4.40    11.91    5.51      4.48        5.02     n.a.        .55          2.56
    Farm real estate                              18.40     n.a.   26.59     14.70       19.44     n.a.      95.37          3.55
    Other 8                                        2.32     3.57     .12      3.77        2.97     n.a.       n.a.          2.99
  Type of collateral
    Farm real estate                              22.66     n.a.   24.51     20.00       34.90     n.a.      95.37         10.82
    Other                                         76.16    98.71   73.91     78.06        n.a.     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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