A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, August 3-7, 2009 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 986,843 21,400 73,681 382,356 339,818 87,520 1,054 81,014 Number of loans 17,732 378 1,652 8,008 3,977 1,013 75 2,627 Weighted average maturity (months) 1 14.82 16.54 18.70 14.98 16.85 6.18 30.09 10.42 Weighted average repricing interval (months) 2 5.16 14.81 9.02 4.11 6.89 .22 29.03 1.75 Weighted average risk rating 3 3.44 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 4.47 5.99 5.37 4.59 3.98 4.03 7.06 5.16 Standard error 5 .23 .41 .28 .51 .38 .57 .55 .35 Interquartile range 6 75th percentile 5.83 6.72 6.18 6.00 5.05 4.75 7.76 6.52 25th percentile 3.07 5.07 5.06 3.07 2.66 2.91 5.38 4.29 Purpose of loan Feeder livestock 5.18 5.88 4.52 4.09 2.94 n.a. 4.93 3.39 Other livestock 7.79 6.12 4.74 3.07 3.78 6.61 n.a. 4.96 Other current operating expenses 7 6.24 5.12 5.25 4.45 4.29 6.50 5.56 5.19 Farm machinery and equipment 6.38 5.97 5.33 4.77 3.15 6.68 5.08 4.79 Farm real estate n.a. 5.53 4.66 3.84 n.a. n.a. 5.62 3.47 Other 8 2.82 4.45 3.34 3.38 4.46 7.47 2.48 5.89 Share of total loan volume Features of loan Floating rates 83.89 24.15 71.02 79.92 90.29 96.01 17.63 90.99 Under commitment 82.28 51.15 64.14 87.13 88.74 98.62 13.91 40.27 Callable 15.12 42.26 15.31 26.56 5.67 .87 9.29 8.86 Subject to prepayment penalty 24.83 .50 6.09 19.71 34.87 53.26 n.a. n.a. Purpose of loan Feeder livestock 7.57 26.01 28.58 3.50 1.66 12.59 n.a. 22.23 Other livestock 8.89 2.01 .63 1.49 17.63 24.11 5.58 n.a. Other current operating expenses 7 53.79 52.48 55.89 55.92 53.59 36.48 14.81 62.21 Farm machinery and equipment 4.31 18.55 3.51 3.56 4.73 .96 26.95 6.43 Farm real estate 2.51 n.a. 6.56 4.09 .88 n.a. n.a. 1.65 Other 8 22.93 .94 4.82 31.44 21.52 25.85 52.66 7.48 Type of collateral Farm real estate 13.14 13.42 28.28 17.13 8.31 3.63 35.79 10.76 Other 84.69 85.66 65.46 80.26 90.13 96.06 58.63 88.14 ________________________________________________________________________________________________________________________________ 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