A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 1-5, 2006 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 462,529 53,013 94,052 205,595 26,302 113 42,349 41,104 Number of loans 12,642 2,001 3,139 3,841 884 14 1,143 1,620 Weighted average maturity (months) 1 33.20 15.57 42.00 33.53 31.39 48.36 25.73 43.11 Weighted average repricing interval (months) 2 15.20 11.77 15.46 18.42 5.06 48.33 17.16 7.28 Weighted average risk rating 3 2.54 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.47 8.04 8.62 8.40 9.49 10.47 8.33 8.53 Standard error 5 .16 .62 .26 .17 1.06 n.a. .27 .31 Interquartile range 6 75th percentile 9.00 8.87 9.00 8.81 9.78 10.47 9.25 9.38 25th percentile 7.98 7.78 8.03 8.04 8.31 10.47 7.76 7.75 Purpose of loan Feeder livestock 7.91 7.38 8.90 7.82 8.87 n.a. 7.99 7.41 Other livestock 8.98 8.65 n.a. 9.20 9.03 n.a. 8.78 8.40 Other current operating expenses 7 8.55 8.28 8.69 8.54 8.59 n.a. 8.49 8.83 Farm machinery and equipment 8.80 8.68 8.74 8.41 9.53 n.a. 8.98 9.15 Farm real estate 8.01 7.04 8.03 8.00 17.49 n.a. 7.09 8.25 Other 8 8.49 6.10 n.a. 8.11 9.97 10.47 7.97 9.36 Share of total loan volume Features of loan Floating rates 36.32 35.32 51.54 24.31 70.44 n.a. 17.12 60.97 Under commitment 58.06 61.71 59.10 63.34 54.79 n.a. 38.89 46.55 Callable 32.19 10.43 7.69 54.30 26.60 n.a. 2.91 39.61 Subject to prepayment penalty .62 n.a. n.a. 1.33 n.a. n.a. .31 n.a. Purpose of loan Feeder livestock 7.65 .40 4.46 8.27 10.20 n.a. 1.48 25.88 Other livestock 6.18 7.82 8.59 4.07 2.59 n.a. 3.88 13.86 Other current operating expenses 7 57.66 69.70 61.60 60.67 51.71 n.a. 49.50 30.40 Farm machinery and equipment 7.81 1.86 4.51 6.83 13.18 n.a. 18.25 13.73 Farm real estate 13.51 17.46 20.83 12.85 5.65 n.a. 13.15 .39 Other 8 7.19 2.76 n.a. 7.31 16.67 100.00 13.74 15.74 Type of collateral Farm real estate 26.74 9.99 15.00 36.60 21.59 n.a. 34.61 21.15 Other 72.27 90.01 84.08 62.39 77.41 100.00 63.93 77.04 ________________________________________________________________________________________________________________________________ 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