A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, 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) 446,787 152,724 88,110 102,022 25,347 5,390 10,045 63,149 Number of loans 12,479 2,743 3,092 3,487 520 116 737 1,785 Weighted average maturity (months) 1 24.52 13.82 38.28 38.78 7.44 1.77 16.58 17.68 Weighted average repricing interval (months) 2 9.90 5.47 10.80 18.58 6.08 .76 14.56 6.90 Weighted average risk rating 3 2.04 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.73 7.00 6.86 6.65 7.43 6.31 6.45 5.86 Standard error 5 .23 .42 .23 .16 .31 .26 .59 .66 Interquartile range 6 75th percentile 7.50 7.50 7.17 7.12 7.82 6.17 7.34 7.25 25th percentile 6.15 6.62 6.09 6.16 7.36 6.17 6.09 3.82 Purpose of loan Feeder livestock 5.49 5.82 6.36 6.60 7.86 n.a. 7.05 4.29 Other livestock 7.04 7.49 n.a. 7.23 n.a. n.a. n.a. 7.34 Other current operating expenses 7 7.16 7.34 6.76 6.73 7.46 6.31 6.01 8.24 Farm machinery and equipment 6.90 6.79 7.94 6.66 n.a. n.a. 6.75 6.24 Farm real estate 6.34 2.01 6.31 6.38 5.38 n.a. 7.00 6.10 Other 8 7.88 7.48 8.36 6.73 6.96 n.a. 6.95 7.04 Share of total loan volume Features of loan Floating rates 49.77 55.67 55.42 39.14 23.33 88.25 15.97 57.48 Under commitment 64.78 82.76 40.35 59.99 47.57 100.00 25.14 73.32 Callable 16.15 9.89 11.47 4.90 8.10 n.a. 44.03 56.18 Subject to prepayment penalty .54 .26 1.76 .44 n.a. n.a. n.a. n.a. Purpose of loan Feeder livestock 19.36 21.29 9.44 11.32 9.39 n.a. 4.68 49.54 Other livestock 10.27 .84 16.57 14.58 n.a. n.a. n.a. 23.97 Other current operating expenses 7 49.30 74.52 37.58 30.22 87.41 100.00 53.18 15.27 Farm machinery and equipment 3.75 2.12 4.75 4.52 n.a. n.a. 3.89 6.86 Farm real estate 13.25 .14 18.72 38.61 2.78 n.a. 10.66 2.11 Other 8 4.06 1.10 12.95 .75 .42 n.a. 27.60 2.25 Type of collateral Farm real estate 18.50 3.74 27.43 39.47 40.87 5.79 10.24 1.27 Other 78.73 94.42 68.26 56.71 59.06 94.21 88.87 95.95 ________________________________________________________________________________________________________________________________ Note. Most small and mid-sized farm lenders that reported loans to farmers had less than $25 million in farm loans. For explanation of footnotes, see table A.8. n.a. Not available. 18