Loan: annual renewal of line of credit 20k, purpose is for catering/special event business, collateral is residential real estate and 70+ acres of farmland.

At first, I thought this would be CRA reportable Small Business, but I was confused because the CALL report code assigned in my report did not flag this as a SB loan.

I referred to my "CRA loan data collection grid" from the Federal Reserve of Dallas that shows - if a loan is under 500k and the loan is 1) secured by farmland or 2) loan is used to finance agricultural production and other loans to farmers. That makes me think this is not a SB but instead a Small Farm because it would fall under 1) loan secured by farmland.

Am I missing something obvious? I want to have a better understanding of this before I ask my supervisor about why the CALL report code did not flag this as CRA reportable. We just became a large bank and will be required to report soon, so we are really looking closely at our processes to ensure accuracy.

Thank you!!

https://www.dallasfed.org/cd/pubs/craloan

Here is the "grid" that I referenced above.

Reporting is driven by your Call Codes. I would classify this as small farm, and would expect it to have a Call code of 1B.

Thank you for this feedback. I have no knowledge of CALL code reporting requirements and I wanted to make sure I had my CRA reasons in order before I questioned the current process.