A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 3-7, 2004 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,404,564 89,739 164,223 420,202 312,073 50,595 51,305 316,425 Number of loans 39,705 3,404 6,945 15,867 6,437 1,514 1,722 3,816 Weighted average maturity (months) 1 21.58 25.32 21.91 22.28 25.23 6.38 12.70 19.51 Weighted average repricing interval (months) 2 5.49 15.18 8.95 5.24 2.71 .79 5.66 4.68 Weighted average risk rating 3 3.07 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.29 5.77 5.73 5.37 4.65 5.60 5.14 5.41 Standard error 5 .15 .29 .14 .25 .28 .53 .51 .19 Interquartile range 6 75th percentile 6.18 6.61 6.75 6.54 5.51 6.96 6.28 5.27 25th percentile 4.07 4.86 4.60 4.07 3.56 4.33 3.69 5.12 Purpose of loan Feeder livestock 4.86 4.78 5.64 4.70 4.01 4.09 6.64 5.68 Other livestock 5.38 3.64 4.78 6.08 4.96 5.36 6.51 6.47 Other current operating expenses 7 5.48 6.32 6.21 5.66 4.52 5.97 5.35 5.83 Farm machinery and equipment 5.43 6.73 5.85 5.36 4.52 8.38 7.05 6.93 Farm real estate 5.76 5.35 5.84 6.28 5.24 6.00 6.03 5.78 Other 8 4.81 4.55 4.74 4.06 5.09 4.76 4.27 5.10 Share of total loan volume Features of loan Floating rates 76.85 42.78 48.52 77.56 91.40 92.02 57.65 86.60 Under commitment 76.28 39.36 66.03 76.39 91.34 83.25 69.52 77.06 Callable 19.78 17.25 29.44 22.11 8.63 2.17 28.18 24.82 Subject to prepayment penalty 3.44 19.52 1.18 2.25 5.44 3.47 1.08 .04 Purpose of loan Feeder livestock 5.30 1.27 4.65 4.86 6.55 8.39 1.63 6.22 Other livestock 6.82 4.95 16.65 6.16 6.48 9.27 3.48 3.61 Other current operating expenses 7 46.13 48.91 53.06 54.77 57.99 62.23 25.68 19.33 Farm machinery and equipment 5.62 3.07 6.02 8.94 6.67 2.27 8.29 .81 Farm real estate 9.48 40.42 9.00 7.47 3.36 .58 14.21 10.34 Other 8 26.64 1.39 10.62 17.80 18.95 17.27 46.72 59.69 Type of collateral Farm real estate 17.86 44.28 24.49 13.06 15.88 14.21 15.48 16.22 Other 78.63 49.10 72.15 81.38 81.10 84.54 79.47 83.20 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16