A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 7-11, 2005 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,265,697 156,304 213,147 482,306 280,157 16,867 37,813 79,103 Number of loans 28,951 2,616 4,539 12,345 4,836 708 817 3,091 Weighted average maturity (months) 1 24.03 15.13 14.06 29.41 19.21 12.84 66.60 33.18 Weighted average repricing interval (months) 2 8.57 6.88 5.58 7.93 5.95 .92 34.22 22.34 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 .01 .01 .01 .01 .01 .01 .01 .01 Standard error 5 .00 .00 .00 .00 .00 .00 .00 .00 Interquartile range 6 75th percentile .01 .01 .01 .01 .01 .01 .01 .01 25th percentile .01 .01 .01 .01 .01 .01 .01 .01 Purpose of loan Feeder livestock .01 .01 .01 .01 .01 .01 .01 .01 Other livestock .01 .01 .01 .01 .01 .01 .01 .01 Other current operating expenses 7 .01 .01 .01 .01 .01 .01 .01 .01 Farm machinery and equipment .01 .01 .01 .01 .01 .01 .01 .01 Farm real estate .01 .01 .01 .01 .01 n.a. .01 .01 Other 8 .01 .01 .00 .01 .01 .01 .01 .01 Share of total loan volume Features of loan Floating rates 69.62 53.63 65.34 77.05 77.32 94.16 42.72 47.91 Under commitment 67.92 49.42 78.22 65.64 77.75 92.68 46.05 60.93 Callable 19.37 17.69 32.69 20.68 5.09 3.30 2.42 40.99 Subject to prepayment penalty 2.99 3.31 .07 4.18 3.87 .05 n.a. 1.93 Purpose of loan Feeder livestock 8.91 5.10 14.81 8.14 6.33 1.91 33.92 3.83 Other livestock 8.38 1.55 18.56 8.84 3.81 5.96 8.91 8.15 Other current operating expenses 7 59.03 79.94 44.70 57.33 68.99 70.51 28.21 43.71 Farm machinery and equipment 4.20 4.42 1.89 5.91 1.55 5.18 1.63 10.03 Farm real estate 8.02 4.21 6.89 7.19 6.30 n.a. 22.13 24.67 Other 8 11.46 4.76 13.14 12.60 13.03 16.44 5.21 9.61 Type of collateral Farm real estate 16.41 18.47 11.73 14.02 12.77 3.34 61.22 33.87 Other 76.38 51.32 83.06 82.91 81.97 96.66 37.61 62.43 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16