A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, November 2-6, 2009 Percent except as noted __________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported __________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,230,938 90,414 79,091 413,002 384,636 118,432 2,926 142,436 Number of loans 17,408 729 1,381 8,078 3,823 993 19 2,387 Weighted average maturity (months) 1 13.24 13.24 11.29 13.01 16.50 9.61 9.13 8.81 Weighted average repricing interval (months) 2 2.76 3.09 8.03 3.36 1.62 1.15 .02 2.36 Weighted average risk rating 3 3.33 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 4.19 3.26 5.33 4.18 3.86 4.22 4.15 5.02 Standard error 5 .32 .70 .22 .48 .60 .68 .24 .04 Interquartile range 6 75th percentile 5.32 4.96 6.00 5.12 5.06 4.59 5.13 6.11 25th percentile 3.09 1.40 5.08 3.04 3.04 3.30 3.30 4.06 Purpose of loan Feeder livestock 4.03 1.57 5.43 5.36 4.43 4.37 5.13 4.54 Other livestock 3.95 6.70 5.29 5.22 3.52 3.81 n.a. 5.15 Other current operating expenses 7 4.66 5.13 5.30 4.58 4.08 4.75 4.72 5.68 Farm machinery and equipment 4.13 6.37 6.67 3.88 4.23 9.94 n.a. 5.85 Farm real estate 6.04 4.28 5.14 6.80 6.20 n.a. n.a. 6.29 Other 8 3.33 5.76 3.86 2.89 3.48 3.76 3.30 2.94 Share of total loan volume Features of loan Floating rates 87.08 90.34 38.36 86.45 95.86 88.05 99.32 89.11 Under commitment 82.83 63.71 49.07 91.58 94.79 98.57 100.00 42.57 Callable 13.12 8.40 17.35 15.42 6.35 4.10 n.a. 33.10 Subject to prepayment penalty 30.60 52.20 6.00 21.84 47.66 43.26 n.a. n.a. Purpose of loan Feeder livestock 13.94 54.38 50.28 7.14 1.97 7.01 43.28 25.29 Other livestock 5.87 2.24 3.84 1.75 10.65 15.27 n.a. .65 Other current operating expenses 7 44.04 37.30 29.60 44.72 45.09 41.15 4.06 54.77 Farm machinery and equipment 9.10 2.07 2.44 21.97 2.73 .05 n.a. 4.89 Farm real estate 2.45 1.31 10.46 2.54 2.48 n.a. n.a. .48 Other 8 24.59 2.69 3.39 21.89 37.07 36.53 52.65 13.91 Type of collateral Farm real estate 10.66 1.81 35.11 10.72 6.78 7.54 52.65 14.76 Other 85.87 96.99 58.17 87.29 87.45 92.40 46.67 81.17 __________________________________________________________________________________________________________________________________ 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