A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, August 7-11, 2006 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,407,870 71,130 208,652 508,381 329,866 27,745 72,364 189,732 Number of loans 26,007 1,598 4,701 11,659 4,534 554 809 2,152 Weighted average maturity (months) 1 25.55 77.48 20.68 24.42 16.89 22.66 13.24 34.69 Weighted average repricing interval (months) 2 7.45 13.94 8.83 6.20 2.84 3.26 .68 18.34 Weighted average risk rating 3 3.03 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.59 8.69 8.91 8.68 8.68 8.94 8.26 7.89 Standard error 5 .10 .27 .17 .13 .12 .42 .20 .28 Interquartile range 6 75th percentile 9.39 9.69 9.47 9.44 9.65 9.77 8.24 8.29 25th percentile 7.76 8.22 8.42 7.87 8.03 8.03 8.24 7.20 Purpose of loan Feeder livestock 8.42 9.09 8.73 8.37 7.97 8.15 8.29 8.10 Other livestock 8.89 8.51 9.34 8.91 8.13 7.85 n.a. 9.43 Other current operating expenses 7 8.86 8.42 9.04 8.90 8.68 9.29 9.20 8.29 Farm machinery and equipment 8.99 9.47 9.07 9.19 8.69 9.11 8.95 8.53 Farm real estate 8.09 8.32 8.15 7.93 8.42 11.85 8.42 7.55 Other 8 8.24 9.32 8.04 8.04 8.95 8.32 8.18 7.41 Share of total loan volume Features of loan Floating rates 74.30 42.06 65.16 72.91 94.85 96.72 95.21 53.19 Under commitment 73.79 57.47 78.53 77.91 75.83 91.76 96.84 48.69 Callable 22.15 19.54 24.64 18.94 29.16 16.99 8.73 22.66 Subject to prepayment penalty 2.01 n.a. n.a. 4.88 .34 2.22 n.a. .94 Purpose of loan Feeder livestock 12.97 33.58 22.05 5.57 7.95 1.25 19.91 22.86 Other livestock 11.73 4.25 16.02 17.01 7.91 11.15 n.a. 6.88 Other current operating expenses 7 32.73 20.48 47.60 40.90 27.57 68.53 5.02 13.39 Farm machinery and equipment 8.04 6.67 2.55 11.41 10.77 .32 .90 4.70 Farm real estate 6.86 34.50 8.35 5.40 4.30 .20 .62 6.54 Other 8 27.67 .51 3.42 19.72 41.50 18.56 73.55 45.63 Type of collateral Farm real estate 13.58 33.23 16.42 14.78 6.68 4.92 4.33 16.69 Other 78.27 66.77 78.71 79.33 72.41 93.86 94.38 81.02 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16