A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 4-8, 2008 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,333,060 20,819 117,795 663,176 405,146 24,309 687 101,128 Number of loans 16,401 261 1,741 8,777 3,027 491 34 2,069 Weighted average maturity (months) 1 23.12 11.66 16.60 29.25 18.46 13.00 37.89 12.00 Weighted average repricing interval (months) 2 3.70 9.88 4.36 3.92 2.58 1.18 34.19 5.21 Weighted average risk rating 3 3.24 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 4.97 5.90 4.92 4.98 4.70 5.69 6.41 5.61 Standard error 5 .27 .27 .29 .33 .61 .51 .11 .52 Interquartile range 6 75th percentile 5.65 6.01 6.00 5.65 5.13 6.62 6.25 6.46 25th percentile 4.03 5.92 3.82 4.03 4.03 4.59 5.92 4.59 Purpose of loan Feeder livestock 5.36 5.78 5.13 5.05 5.79 4.61 n.a. 7.53 Other livestock 4.86 n.a. 7.79 5.27 3.87 3.85 n.a. n.a. Other current operating expenses 7 5.14 6.04 5.66 5.21 4.67 5.56 6.20 5.52 Farm machinery and equipment 5.82 6.65 6.07 5.76 5.81 3.31 9.92 6.25 Farm real estate 5.91 n.a. 5.47 5.64 6.34 n.a. n.a. 6.39 Other 8 4.51 4.65 3.80 4.51 4.60 6.21 5.92 5.49 Share of total loan volume Features of loan Floating rates 86.99 9.51 71.49 91.39 88.85 93.42 39.73 83.48 Under commitment 76.87 41.44 77.87 73.67 93.42 99.87 91.99 32.11 Callable 16.26 32.24 29.07 16.94 11.14 6.97 52.26 16.01 Subject to prepayment penalty 2.49 .80 3.00 3.72 1.11 1.51 n.a. n.a. Purpose of loan Feeder livestock 3.65 39.79 11.69 2.62 1.94 2.16 n.a. .80 Other livestock 7.41 n.a. .63 10.26 7.16 4.21 n.a. n.a. Other current operating expenses 7 44.88 49.94 44.49 35.88 48.41 55.68 60.26 86.41 Farm machinery and equipment 3.76 5.34 4.19 5.10 2.30 .87 8.01 .58 Farm real estate 4.78 n.a. 1.30 5.70 4.06 n.a. n.a. 7.87 Other 8 35.53 4.93 37.71 40.44 36.13 37.08 31.73 4.34 Type of collateral Farm real estate 19.57 n.a. 6.02 27.47 14.77 3.51 52.26 10.39 Other 75.80 97.40 88.61 69.51 84.81 95.93 45.74 56.89 ___________________________________________________________________________________________________________________________________ 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