A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 5-9, 2008 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,815,415 141,348 257,776 726,464 378,494 80,688 52,664 177,983 Number of loans 30,854 2,584 4,403 12,346 5,671 761 1,160 3,929 Weighted average maturity (months) 1 29.47 38.43 39.18 31.53 16.40 32.11 18.01 29.37 Weighted average repricing interval (months) 2 13.02 30.52 25.78 10.06 6.15 1.05 11.59 13.16 Weighted average risk rating 3 3.00 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.84 6.43 6.11 5.79 5.32 5.86 6.54 6.09 Standard error 5 .24 .11 .24 .26 .40 .25 .52 .41 Interquartile range 6 75th percentile 6.72 6.88 6.66 6.72 6.08 6.09 6.76 7.02 25th percentile 4.91 6.01 5.39 4.85 4.46 5.61 5.98 5.12 Purpose of loan Feeder livestock 5.54 5.99 5.39 5.96 5.32 6.27 7.77 4.82 Other livestock 5.81 6.38 6.45 5.85 4.41 4.18 7.90 7.51 Other current operating expenses 7 6.10 6.47 6.25 6.03 5.82 5.68 6.78 6.18 Farm machinery and equipment 5.93 7.02 7.03 6.29 5.05 5.63 9.09 6.32 Farm real estate 6.43 6.60 6.59 6.02 6.06 7.88 6.15 7.16 Other 8 5.06 6.08 4.28 4.96 4.90 5.77 5.49 5.34 Share of total loan volume Features of loan Floating rates 69.95 45.48 49.20 75.27 79.32 88.53 72.24 68.67 Under commitment 69.50 57.66 76.23 72.60 84.76 53.08 86.80 26.33 Callable 19.93 15.17 31.71 25.36 6.56 4.60 18.46 20.32 Subject to prepayment penalty 3.94 .27 13.50 2.73 3.93 1.18 n.a. .36 Purpose of loan Feeder livestock 4.81 9.05 7.91 3.61 1.39 .69 2.05 11.78 Other livestock 6.68 4.38 15.09 5.43 6.94 4.48 6.84 1.83 Other current operating expenses 7 45.49 58.02 39.32 52.45 36.14 23.20 50.81 44.50 Farm machinery and equipment 6.33 2.26 4.26 5.21 11.95 2.91 3.39 7.60 Farm real estate 13.29 18.35 22.50 11.09 8.60 8.67 10.10 17.90 Other 8 23.41 7.95 10.92 22.22 34.98 60.06 26.82 16.38 Type of collateral Farm real estate 19.06 23.88 25.91 16.59 17.78 10.12 15.01 23.38 Other 77.58 74.98 70.14 78.49 80.02 88.58 81.61 75.33 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16