A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, February 5-9, 2007 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,016,464 59,285 122,888 312,237 322,837 77,052 12,368 109,796 Number of loans 16,597 939 2,039 7,480 3,332 698 75 2,035 Weighted average maturity (months) 1 21.30 10.44 19.42 22.39 20.54 14.92 11.58 35.83 Weighted average repricing interval (months) 2 5.45 2.97 8.89 5.50 1.90 1.29 9.07 15.96 Weighted average risk rating 3 3.26 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.47 8.44 8.66 8.53 8.29 8.96 7.65 8.36 Standard error 5 .07 .25 .13 .13 .18 .50 .35 .23 Interquartile range 6 75th percentile 9.14 8.77 9.42 9.25 9.11 9.69 7.79 9.10 25th percentile 7.76 8.06 7.90 7.91 7.53 8.04 7.50 7.65 Purpose of loan Feeder livestock 8.73 8.69 9.04 8.50 8.44 8.84 n.a. 8.45 Other livestock 8.53 8.34 9.00 8.55 8.44 7.55 n.a. 9.79 Other current operating expenses 7 8.72 8.34 8.69 8.81 8.52 9.18 9.35 8.56 Farm machinery and equipment 8.87 9.46 8.93 8.61 9.37 n.a. n.a. 8.87 Farm real estate 8.37 9.73 8.42 8.58 7.36 n.a. 9.58 7.94 Other 8 8.01 8.48 7.99 7.84 8.11 8.61 7.64 7.79 Share of total loan volume Features of loan Floating rates 80.07 64.87 52.30 84.14 91.29 89.86 22.92 74.35 Under commitment 78.17 84.71 80.14 76.08 85.93 80.08 22.92 60.38 Callable 24.41 29.53 36.53 16.63 16.22 48.68 .99 39.88 Subject to prepayment penalty 2.50 n.a. .25 5.35 1.37 1.50 n.a. 2.58 Purpose of loan Feeder livestock 4.56 6.01 15.88 3.65 1.13 .11 n.a. 7.42 Other livestock 10.74 2.64 11.61 5.50 20.99 6.22 n.a. 3.25 Other current operating expenses 7 44.21 80.88 47.76 52.05 23.41 73.47 .07 43.77 Farm machinery and equipment 4.69 6.04 2.73 7.16 2.25 n.a. n.a. 10.09 Farm real estate 4.18 .39 5.21 8.53 1.41 n.a. .66 4.13 Other 8 31.63 4.05 16.81 23.11 50.81 20.20 99.27 31.34 Type of collateral Farm real estate 14.91 2.90 9.22 14.06 17.27 5.20 75.05 23.24 Other 82.22 93.80 88.45 81.83 81.40 94.80 24.95 70.13 ___________________________________________________________________________________________________________________________________ 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