A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 3-7, 2010 Percent except as noted __________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported __________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,106,110 56,530 58,449 376,828 357,909 161,941 2,893 91,560 Number of loans 17,824 674 1,656 7,896 4,195 1,201 44 2,158 Weighted average maturity (months) 1 20.10 15.12 21.62 18.25 23.73 14.70 4.23 25.46 Weighted average repricing interval (months) 2 5.71 5.93 6.60 4.19 2.54 10.05 1.74 16.13 Weighted average risk rating 3 3.50 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 4.89 4.04 5.48 4.65 4.88 5.18 2.96 5.61 Standard error 5 .25 .44 .13 .23 .40 .53 .98 .22 Interquartile range 6 75th percentile 6.25 5.26 6.18 5.75 6.40 7.00 3.55 6.43 25th percentile 3.43 2.78 5.06 3.42 3.43 3.43 1.31 5.03 Purpose of loan Feeder livestock 6.23 4.45 4.70 4.93 4.49 n.a. 4.97 4.50 Other livestock n.a. 7.37 5.07 4.99 3.72 n.a. 7.00 5.09 Other current operating expenses 7 5.24 5.47 5.03 4.98 4.43 3.55 5.95 5.85 Farm machinery and equipment 6.89 6.11 5.62 4.11 7.22 n.a. 6.73 6.35 Farm real estate 5.00 5.52 6.09 6.18 6.96 n.a. 5.10 4.23 Other 8 2.85 5.98 3.32 4.84 3.96 2.73 5.76 6.04 Share of total loan volume Features of loan Floating rates 82.25 80.12 65.02 85.88 89.97 72.46 50.10 67.81 Under commitment 79.43 92.72 78.37 81.57 87.94 83.57 58.83 23.10 Callable 19.96 13.85 34.15 27.74 10.49 21.56 n.a. 17.56 Subject to prepayment penalty 21.49 56.18 6.52 19.84 15.96 43.38 n.a. n.a. Purpose of loan Feeder livestock 5.46 3.21 5.95 4.49 4.21 1.42 n.a. 22.73 Other livestock 5.28 n.a. .18 3.06 6.50 14.49 n.a. .12 Other current operating expenses 7 42.01 28.52 79.66 53.72 29.93 29.49 28.39 47.91 Farm machinery and equipment 6.84 9.10 1.89 7.25 5.07 14.22 n.a. .98 Farm real estate 6.52 1.28 3.09 4.80 1.85 21.41 n.a. 11.18 Other 8 33.89 57.88 9.23 26.69 52.44 18.97 71.61 17.09 Type of collateral Farm real estate 12.98 1.89 15.09 8.86 10.41 20.75 10.96 31.80 Other 84.90 93.21 77.59 87.92 88.89 79.24 69.56 66.90 __________________________________________________________________________________________________________________________________ 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