A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 2-6, 2005 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,641,000 60,700 171,103 665,968 559,248 51,857 15,818 116,306 Number of loans 36,797 2,126 6,138 15,313 6,119 1,128 1,027 4,946 Weighted average maturity (months) 1 22.31 12.83 12.97 16.54 27.50 27.78 34.68 47.17 Weighted average repricing interval (months) 2 4.63 8.51 6.03 3.30 4.08 4.25 19.85 9.04 Weighted average risk rating 3 3.25 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.59 6.89 6.99 6.38 6.53 7.28 7.34 6.95 Standard error 5 .17 .27 .22 .21 .27 .30 .42 .26 Interquartile range 6 75th percentile 7.25 7.52 7.83 7.19 7.12 8.12 7.79 7.51 25th percentile 5.90 6.72 6.18 5.64 6.01 6.32 7.00 6.35 Purpose of loan Feeder livestock 6.53 7.28 6.30 6.57 6.43 9.18 6.93 7.64 Other livestock 6.77 6.84 7.23 6.32 6.26 8.65 7.18 7.61 Other current operating expenses 7 6.84 7.01 7.35 6.50 6.95 6.96 7.16 7.14 Farm machinery and equipment 6.84 6.34 7.52 6.80 6.81 6.65 7.62 7.18 Farm real estate 6.84 6.65 7.08 6.78 6.90 6.25 8.12 6.54 Other 8 6.09 5.29 6.16 5.81 6.13 7.72 7.69 6.30 Share of total loan volume Features of loan Floating rates 81.59 51.13 52.82 82.18 96.71 90.38 52.67 63.76 Under commitment 77.83 70.46 73.25 81.15 80.19 79.87 46.35 61.45 Callable 22.01 24.71 23.91 15.99 22.76 44.75 22.70 38.35 Subject to prepayment penalty 4.08 .03 3.97 .91 9.34 3.63 n.a. n.a. Purpose of loan Feeder livestock 8.99 8.77 28.88 11.29 2.24 .30 2.51 3.88 Other livestock 4.53 16.11 5.45 3.22 3.37 6.49 27.15 6.27 Other current operating expenses 7 38.11 49.14 52.83 39.93 26.58 56.42 40.36 47.23 Farm machinery and equipment 13.03 6.63 4.05 16.34 13.93 7.31 3.91 10.09 Farm real estate 6.66 19.23 5.42 3.35 9.62 .02 5.48 9.70 Other 8 28.68 .11 3.37 25.86 44.26 29.47 20.59 22.82 Type of collateral Farm real estate 10.57 17.72 9.94 7.53 11.09 18.65 35.36 15.76 Other 80.49 81.20 87.02 84.82 74.17 79.54 64.33 78.74 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16