A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 7-11, 2007 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,362,503 74,773 162,181 581,402 240,463 66,284 34,892 202,507 Number of loans 32,477 2,590 5,150 12,931 4,966 890 734 5,216 Weighted average maturity (months) 1 21.02 14.42 19.20 19.85 22.69 13.11 35.79 26.62 Weighted average repricing interval (months) 2 8.92 6.99 8.05 8.55 2.84 5.66 16.64 18.51 Weighted average risk rating 3 3.05 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.62 8.56 8.52 8.65 8.55 8.78 9.36 8.57 Standard error 5 .07 .13 .20 .14 .21 .33 .26 .11 Interquartile range 6 75th percentile 9.40 9.07 9.42 9.35 9.38 9.14 9.99 9.34 25th percentile 8.00 8.25 7.76 8.03 7.50 8.24 8.51 7.76 Purpose of loan Feeder livestock 8.91 9.03 9.42 8.54 9.30 9.70 9.91 8.42 Other livestock 8.61 9.44 9.17 9.18 7.61 7.61 9.46 8.62 Other current operating expenses 7 8.92 8.47 8.87 9.00 8.92 8.84 10.05 8.89 Farm machinery and equipment 8.67 7.98 8.28 8.53 9.23 10.58 8.52 8.80 Farm real estate 8.11 8.62 7.89 8.08 8.76 n.a. 8.97 7.95 Other 8 7.97 8.72 6.99 7.82 8.27 8.91 8.83 7.75 Share of total loan volume Features of loan Floating rates 67.72 29.42 61.30 67.75 92.44 61.75 65.43 59.94 Under commitment 71.71 83.62 67.76 74.72 92.81 87.03 66.85 32.62 Callable 21.50 23.93 24.82 27.25 13.02 6.04 24.75 15.98 Subject to prepayment penalty 2.30 1.61 .18 4.21 2.00 .12 n.a. .27 Purpose of loan Feeder livestock 5.63 9.87 10.56 4.46 3.00 .57 11.46 7.21 Other livestock 6.04 2.90 11.57 3.71 9.88 6.53 11.06 3.91 Other current operating expenses 7 52.58 78.19 48.04 54.89 35.91 79.62 27.92 55.30 Farm machinery and equipment 7.77 2.24 4.20 10.48 7.42 .24 4.85 8.30 Farm real estate 7.41 2.37 7.58 9.67 2.73 n.a. 8.11 10.51 Other 8 20.57 4.43 18.05 16.79 41.06 13.03 36.60 14.77 Type of collateral Farm real estate 13.26 8.61 11.62 13.64 10.55 18.43 17.34 16.03 Other 82.92 88.73 86.22 81.89 88.10 79.69 80.36 76.46 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16