A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized 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) 307,038 44,104 83,906 78,000 19,012 526 8,551 72,938 Number of loans 13,716 1,293 3,765 3,604 577 59 874 3,543 Weighted average maturity (months) 1 18.88 10.30 16.35 12.45 11.14 6.96 12.62 37.14 Weighted average repricing interval (months) 2 8.03 6.45 9.76 8.23 5.91 5.37 4.08 7.83 Weighted average risk rating 3 2.33 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.38 7.00 7.45 7.27 8.52 9.17 7.49 7.31 Standard error 5 .18 .37 .29 .16 .51 .17 .13 .11 Interquartile range 6 75th percentile 7.90 7.75 7.97 7.79 9.24 9.14 8.06 7.72 25th percentile 6.86 6.72 7.00 6.98 7.75 9.06 7.00 6.76 Purpose of loan Feeder livestock 7.38 6.75 7.32 7.50 n.a. n.a. 6.53 7.79 Other livestock 7.47 6.94 n.a. 8.33 n.a. 9.14 7.10 7.60 Other current operating expenses 7 7.40 7.18 7.46 7.10 8.84 9.19 7.57 7.25 Farm machinery and equipment 7.57 6.88 7.66 7.91 8.17 n.a. 7.25 7.23 Farm real estate 7.00 6.72 7.12 7.46 n.a. n.a. n.a. 6.89 Other 8 7.52 n.a. 8.16 7.69 6.91 n.a. 8.96 7.61 Share of total loan volume Features of loan Floating rates 46.15 51.32 42.12 32.90 63.26 48.68 45.61 57.41 Under commitment 61.13 66.75 55.86 69.58 90.32 100.00 42.57 49.05 Callable 20.68 12.46 10.19 23.12 13.97 n.a. 39.90 34.74 Subject to prepayment penalty 2.19 n.a. 8.00 n.a. n.a. n.a. n.a. n.a. Purpose of loan Feeder livestock 7.84 5.56 12.89 9.45 n.a. n.a. 2.11 4.49 Other livestock 7.84 20.89 4.04 2.79 n.a. 31.57 23.57 9.74 Other current operating expenses 7 64.66 49.62 66.77 71.60 81.26 68.43 62.16 59.86 Farm machinery and equipment 6.09 1.33 5.52 7.12 4.07 n.a. 6.67 9.02 Farm real estate 9.70 22.61 10.71 6.45 n.a. n.a. n.a. 7.94 Other 8 3.87 n.a. .08 2.59 14.67 n.a. 5.49 8.95 Type of collateral Farm real estate 20.81 22.61 19.26 18.24 61.36 51.32 n.a. 15.91 Other 76.57 76.75 75.97 81.19 37.80 48.68 100.00 79.76 ________________________________________________________________________________________________________________________________ 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