A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 6-10, 2007 Percent except as noted _________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported _________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 285,178 34,558 108,156 53,439 27,938 n.a. 13,986 47,101 Number of loans 8,353 1,174 1,990 1,859 741 n.a. 563 2,026 Weighted average maturity (months) 1 47.37 10.58 82.43 11.50 40.72 n.a. 105.17 20.34 Weighted average repricing interval (months) 2 16.16 n.a. 105.04 12.63 2.33 1.00 2.00 3.00 Weighted average risk rating 3 4.00 n.a. n.a. n.a. 24.47 5.20 28.38 24.71 Weighted average interest rate 4 8.51 8.62 8.02 8.75 9.42 n.a. 8.51 8.72 Standard error 5 .22 .29 .31 .23 .47 .27 .09 7.76 Interquartile range 6 75th percentile 8.52 9.26 9.84 9.40 9.40 8.44 9.34 9.68 25th percentile 8.13 7.14 8.28 9.34 7.76 7.76 9.26 9.06 Purpose of loan Feeder livestock 9.36 n.a. n.a. 8.25 9.19 9.28 9.15 9.64 Other livestock 9.65 n.a. n.a. 8.95 9.03 8.59 8.64 9.15 Other current operating expenses 7 9.77 n.a. 9.37 9.24 8.29 9.03 8.18 8.31 Farm machinery and equipment 8.68 n.a. 9.41 8.16 7.92 6.87 8.11 8.54 Farm real estate 8.01 n.a. 7.91 9.65 7.44 7.23 7.15 9.95 Other 8 10.91 n.a. n.a. 8.45 43.49 23.47 69.10 20.57 Share of total loan volume Features of loan Floating rates 75.52 n.a. .68 19.11 61.53 37.38 83.82 85.20 Under commitment 63.32 n.a. 21.50 12.04 6.45 32.46 2.45 .96 Callable 70.91 n.a. n.a. 9.08 2.41 .23 .83 3.98 Subject to prepayment penalty 13.47 n.a. n.a. n.a. 38.02 10.66 51.47 53.34 Purpose of loan Feeder livestock 5.20 n.a. n.a. 5.46 6.45 25.08 1.21 4.42 Other livestock .51 n.a. 10.63 9.42 41.85 31.91 43.71 31.60 Other current operating expenses 7 73.91 n.a. 26.25 42.10 21.15 3.64 10.14 55.26 Farm machinery and equipment 1.61 n.a. 9.18 35.74 7.06 5.35 4.22 2.06 Farm real estate 17.94 n.a. 53.94 .12 17.04 1.56 38.28 5.69 Other 8 .83 n.a. n.a. 7.16 22.10 7.90 29.23 6.60 Type of collateral Farm real estate 30.71 n.a. 53.94 9.41 61.01 89.34 48.06 46.29 Other 68.91 n.a. 43.63 87.12 n.a. n.a. n.a. n.a. _________________________________________________________________________________________________________________________________ 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