A simple method is developed for analysis of the RF SQUID in regime, where the bias frequency ω is comparable to the natural R/L frequency of the SQUID ring. The input impedance of the RF SQUID is calculated for various values of the parameters

, signal frequency and detuning of the rf bias frequency from tank circuit resonant frequency. It is shown, that both the input resistance and the input inductance may be positive or negative. Measurement of the real part of the input impedance of a hysteretic RF SQUID are described. The experimental data are in qualitative agreement with the prediction of the theory.