A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized 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) 327,854 27,004 68,885 131,704 32,005 323 1,133 66,800 Number of loans 8,734 1,006 2,026 2,739 812 30 207 1,913 Weighted average maturity (months) 1 30.07 15.26 41.82 28.11 40.69 21.59 16.42 23.75 Weighted average repricing interval (months) 2 9.40 13.33 18.22 22.17 21.57 8.41 8.44 2.65 Weighted average risk rating 3 1.00 2.00 3.00 4.00 5.00 n.a. n.a. 22.63 Weighted average interest rate 4 6.40 6.02 6.48 6.50 6.43 8.85 7.50 6.21 Standard error 5 .14 .37 .22 .17 .22 .05 .23 .43 Interquartile range 6 75th percentile 7.00 6.45 6.90 6.96 7.18 8.87 7.25 8.00 25th percentile 5.88 5.26 5.90 5.98 5.38 8.87 6.98 5.11 Purpose of loan Feeder livestock 7.04 6.86 7.09 8.99 n.a. n.a. 6.82 7.06 Other livestock 7.03 6.82 n.a. 8.37 8.87 n.a. 6.23 6.17 Other current operating expenses 7 5.83 6.48 6.24 5.77 8.78 7.80 6.01 6.58 Farm machinery and equipment 8.15 7.43 6.71 7.05 n.a. 7.28 6.37 6.38 Farm real estate n.a. 6.11 6.65 7.00 n.a. n.a. 5.00 6.68 Other 8 8.06 4.85 6.80 6.74 n.a. n.a. 7.28 41.82 Share of total loan volume Features of loan Floating rates 37.04 38.71 39.46 67.92 n.a. 31.81 39.45 52.56 Under commitment 47.84 39.29 68.45 56.66 n.a. n.a. 36.00 8.07 Callable 3.12 10.27 32.33 24.94 n.a. n.a. 23.52 4.89 Subject to prepayment penalty n.a. .13 8.11 16.28 18.52 n.a. n.a. 21.20 Purpose of loan Feeder livestock 3.36 15.07 6.35 3.56 n.a. n.a. 8.49 5.61 Other livestock 8.81 4.31 6.95 4.33 81.48 n.a. 3.34 57.75 Other current operating expenses 7 85.88 61.80 56.33 55.56 18.52 41.88 46.51 9.37 Farm machinery and equipment 1.11 3.46 3.22 6.58 n.a. 58.12 31.50 9.06 Farm real estate n.a. 11.21 8.92 20.42 n.a. n.a. 5.54 10.14 Other 8 .85 4.16 18.23 9.55 n.a. n.a. 4.61 14.84 Type of collateral Farm real estate 2.93 21.38 23.84 41.47 18.52 62.13 12.82 76.24 Other 95.47 73.50 74.83 56.23 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