A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 1-5, 2004 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,513,777 161,786 346,169 557,250 282,612 64,403 11,098 90,459 Number of loans 29,402 3,043 5,103 12,288 4,481 1,127 803 2,557 Weighted average maturity (months) 1 20.45 13.30 19.63 22.35 25.24 8.79 15.84 18.62 Weighted average repricing interval (months) 2 5.94 5.29 9.62 5.21 4.11 .36 13.33 6.28 Weighted average risk rating 3 2.82 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.62 6.92 5.41 5.43 5.45 5.80 6.40 5.63 Standard error 5 .22 .48 .43 .21 .27 .59 .44 .63 Interquartile range 6 75th percentile 6.76 7.50 6.17 6.45 6.37 6.17 7.28 7.00 25th percentile 4.31 6.61 4.08 4.27 4.54 4.85 5.88 3.82 Purpose of loan Feeder livestock 5.46 5.86 5.88 5.39 5.32 5.54 6.12 4.29 Other livestock 5.22 5.91 4.59 6.21 4.61 6.12 6.61 7.34 Other current operating expenses 7 6.02 7.28 5.54 5.59 5.62 6.21 6.08 7.50 Farm machinery and equipment 5.51 6.60 7.25 5.15 5.77 5.39 6.75 6.18 Farm real estate 6.19 2.01 5.75 6.37 6.21 5.78 7.00 6.58 Other 8 4.90 5.95 5.67 4.54 4.52 5.19 6.73 4.76 Share of total loan volume Features of loan Floating rates 72.49 54.91 46.12 84.09 91.14 96.84 23.51 63.88 Under commitment 79.82 83.63 75.98 77.25 85.61 97.68 32.24 78.49 Callable 25.61 11.28 56.49 18.70 8.44 2.22 40.49 44.17 Subject to prepayment penalty 4.56 .25 .45 7.78 8.38 .01 n.a. n.a. Purpose of loan Feeder livestock 16.07 20.77 21.61 14.61 7.33 1.15 6.05 34.58 Other livestock 11.61 1.39 27.93 6.93 7.40 3.26 1.39 16.73 Other current operating expenses 7 38.52 73.35 25.27 34.19 47.05 50.21 49.47 17.21 Farm machinery and equipment 9.39 2.10 1.60 13.09 14.56 20.63 3.52 6.07 Farm real estate 8.28 .13 7.61 11.71 9.74 4.14 9.65 2.52 Other 8 16.13 2.25 15.99 19.48 13.92 20.61 29.92 22.89 Type of collateral Farm real estate 10.08 4.01 9.32 11.59 11.93 1.95 9.70 14.61 Other 84.86 94.16 85.79 80.05 86.64 95.11 89.05 80.97 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16