A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, 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) 1,333,963 16,596 87,197 587,968 540,236 51,331 7,267 43,367 Number of loans 23,081 833 2,373 11,709 5,541 1,069 153 1,403 Weighted average maturity (months) 1 23.10 19.54 9.71 17.08 28.08 28.00 61.33 67.38 Weighted average repricing interval (months) 2 3.85 14.00 2.45 2.64 4.01 4.24 38.89 11.19 Weighted average risk rating 3 3.41 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.41 6.60 6.55 6.26 6.46 7.26 7.15 6.34 Standard error 5 .16 .28 .24 .23 .25 .32 .46 .51 Interquartile range 6 75th percentile 7.08 7.25 7.25 7.00 7.00 8.12 7.79 7.23 25th percentile 5.86 6.01 5.39 5.38 6.01 6.32 6.72 5.88 Purpose of loan Feeder livestock 6.37 7.72 6.01 6.47 6.43 9.18 7.25 7.25 Other livestock 6.43 5.25 6.67 6.10 6.26 8.62 7.25 7.87 Other current operating expenses 7 6.58 6.54 7.17 6.34 6.74 6.93 5.08 6.75 Farm machinery and equipment 6.77 6.25 7.23 6.74 6.80 6.65 12.09 7.12 Farm real estate 6.77 6.18 5.73 6.58 6.90 6.25 8.12 6.17 Other 8 6.05 5.29 6.14 5.79 6.12 7.72 7.48 5.87 Share of total loan volume Features of loan Floating rates 89.75 50.64 63.13 88.72 97.88 90.81 60.98 74.45 Under commitment 81.68 80.32 89.98 82.69 79.84 79.66 50.81 82.30 Callable 22.31 57.29 37.11 15.05 23.07 45.21 2.45 44.43 Subject to prepayment penalty 4.52 .12 .09 1.04 9.66 3.67 n.a. n.a. Purpose of loan Feeder livestock 9.25 17.32 44.27 11.53 2.32 .30 2.99 2.86 Other livestock 3.77 3.42 6.80 3.27 3.49 6.23 31.35 .44 Other current operating expenses 7 32.00 47.88 39.43 35.73 24.65 56.30 14.71 25.99 Farm machinery and equipment 14.63 20.72 2.64 17.57 14.28 7.38 .65 11.90 Farm real estate 5.96 10.27 .33 2.94 9.95 .02 11.93 12.66 Other 8 34.39 .39 6.54 28.95 45.30 29.77 38.37 46.15 Type of collateral Farm real estate 8.22 4.73 .98 6.11 9.32 18.31 76.96 15.51 Other 81.39 93.04 97.66 85.30 75.45 79.86 22.36 77.02 __________________________________________________________________________________________________________________________________ Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans. For explanation of footnotes, see table A.8. n.a. Not available. 17