A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 4-8, 2009 Percent except as noted __________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported __________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,039,501 33,083 44,340 499,301 303,045 64,009 4,423 91,301 Number of loans 19,060 787 1,348 9,635 4,195 674 50 2,371 Weighted average maturity (months) 1 17.94 10.65 27.71 18.56 18.82 16.23 4.21 10.51 Weighted average repricing interval (months) 2 3.23 7.43 9.51 2.83 2.86 3.15 .49 2.25 Weighted average risk rating 3 3.34 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 4.41 4.73 5.00 4.42 4.04 5.18 3.04 4.72 Standard error 5 .23 .23 .38 .33 .25 .23 4.53 .58 Interquartile range 6 75th percentile 5.53 5.50 5.65 5.53 5.06 6.43 4.08 6.05 25th percentile 3.25 4.08 4.08 3.30 2.91 2.91 1.26 3.28 Purpose of loan Feeder livestock 4.79 5.04 4.46 3.69 3.96 n.a. 4.53 3.60 Other livestock 4.34 5.16 4.67 3.06 3.75 9.65 4.53 4.74 Other current operating expenses 7 4.69 4.93 4.72 4.50 4.88 3.17 5.33 5.39 Farm machinery and equipment 5.57 5.63 5.26 5.24 5.17 14.00 5.98 5.41 Farm real estate 7.27 5.58 5.02 5.42 6.17 n.a. 6.26 3.62 Other 8 3.80 2.88 3.52 3.38 5.81 2.69 2.64 7.02 Share of total loan volume Features of loan Floating rates 86.73 29.59 65.30 89.62 93.53 87.01 96.22 78.83 Under commitment 82.91 77.21 81.40 87.32 89.38 89.91 52.83 36.64 Callable 23.31 56.65 18.26 34.00 8.74 9.98 .23 14.07 Subject to prepayment penalty 13.04 n.a. 6.30 7.84 24.07 32.25 n.a. n.a. Purpose of loan Feeder livestock 4.68 27.18 6.33 3.73 1.89 1.53 n.a. 12.62 Other livestock 6.11 .65 3.19 3.03 13.06 8.41 1.95 1.87 Other current operating expenses 7 57.76 68.71 70.54 60.16 53.32 45.66 2.48 60.35 Farm machinery and equipment 2.83 1.35 6.75 3.80 .71 2.91 1.83 3.16 Farm real estate 3.25 .46 10.21 2.41 4.27 3.29 n.a. 2.23 Other 8 25.37 1.65 2.97 26.86 26.76 38.20 93.74 19.78 Type of collateral Farm real estate 10.71 .75 14.63 10.68 10.84 11.84 n.a. 11.94 Other 84.85 88.23 70.51 85.32 88.16 88.04 93.96 74.37 __________________________________________________________________________________________________________________________________ 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