A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 3-7, 2003 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,393,779 129,916 244,586 457,432 250,973 85,270 55,524 170,077 Number of loans 35,734 3,742 7,121 11,236 6,228 1,921 1,370 4,116 Weighted average maturity (months) 1 24.08 32.46 32.27 19.11 17.79 11.83 19.77 34.91 Weighted average repricing interval (months) 2 7.85 19.58 9.25 6.46 2.23 .44 7.30 12.60 Weighted average risk rating 3 2.93 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.73 6.34 6.37 5.37 5.20 5.65 5.28 6.27 Standard error 5 .22 .46 .19 .34 .30 .44 .56 .25 Interquartile range 6 75th percentile 6.91 7.25 7.25 6.85 6.17 6.45 7.00 7.17 25th percentile 4.33 5.25 5.64 3.82 4.32 4.33 3.70 5.50 Purpose of loan Feeder livestock 5.38 5.73 5.97 4.77 4.56 6.28 7.71 6.04 Other livestock 5.17 5.39 6.75 4.28 4.74 5.89 7.93 6.31 Other current operating expenses 7 6.01 6.05 6.55 5.98 5.55 5.59 5.84 6.21 Farm machinery and equipment 6.23 6.39 6.64 5.69 5.49 4.73 7.23 6.89 Farm real estate 6.17 7.65 5.93 5.30 7.14 7.12 4.44 5.82 Other 8 4.95 7.04 5.78 5.02 4.56 5.48 3.95 6.66 Share of total loan volume Features of loan Floating rates 72.07 38.59 62.37 78.66 91.07 96.25 66.06 55.70 Under commitment 65.51 30.29 61.12 74.39 84.10 65.99 69.02 45.98 Callable 22.21 44.01 27.84 14.33 7.43 35.14 5.21 39.55 Subject to prepayment penalty 3.92 1.23 .71 5.36 4.79 17.31 .04 .01 Purpose of loan Feeder livestock 12.54 8.63 19.82 11.75 13.09 9.29 6.50 9.95 Other livestock 6.27 5.85 3.86 8.43 5.71 3.13 5.23 7.02 Other current operating expenses 7 46.80 58.15 49.53 38.82 44.44 75.67 29.83 50.26 Farm machinery and equipment 9.36 4.94 14.00 8.50 8.12 .30 7.12 15.50 Farm real estate 8.03 18.67 9.75 4.65 4.60 .02 15.91 13.05 Other 8 16.99 3.76 3.05 27.85 24.05 11.59 35.41 4.22 Type of collateral Farm real estate 16.33 37.60 17.87 14.45 9.08 7.00 12.65 19.53 Other 79.32 60.41 74.36 79.87 87.81 91.89 83.58 79.19 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16