A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 5-9, 2003 Percent except as noted _________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported _________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 505,044 52,713 121,193 137,398 35,913 9,246 18,982 129,600 Number of loans 20,984 2,455 4,258 5,804 1,753 390 932 5,391 Weighted average maturity (months) 1 34.18 24.24 29.78 27.52 67.45 5.59 8.66 45.48 Weighted average repricing interval (months) 2 17.62 19.03 6.86 17.54 5.97 3.97 4.11 33.29 Weighted average risk rating 3 2.52 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.71 6.58 6.67 6.63 7.35 6.77 6.79 6.68 Standard error 5 .08 .14 .22 .15 .18 .36 .30 .14 Interquartile range 6 75th percentile 7.38 7.25 7.64 7.04 8.25 6.62 7.53 7.33 25th percentile 6.17 6.25 6.00 6.16 6.50 6.57 6.42 5.90 Purpose of loan Feeder livestock 6.97 7.40 7.09 6.91 7.81 9.38 8.06 5.96 Other livestock 6.93 4.49 n.a. 6.71 9.11 6.57 7.61 6.69 Other current operating expenses 7 6.78 6.59 6.88 6.66 7.50 6.71 6.98 6.71 Farm machinery and equipment 6.62 9.15 7.30 5.96 7.93 n.a. 7.15 6.94 Farm real estate 6.62 n.a. 6.72 6.68 6.71 6.57 6.50 6.28 Other 8 6.27 6.39 6.02 7.99 7.41 6.76 6.36 7.17 Share of total loan volume Features of loan Floating rates 43.83 46.41 51.73 37.93 75.17 26.28 59.39 31.95 Under commitment 47.23 57.94 60.61 39.59 81.02 26.90 27.99 33.36 Callable 19.69 7.58 11.64 22.64 35.93 23.50 57.72 18.66 Subject to prepayment penalty .83 7.38 .23 n.a. n.a. n.a. n.a. n.a. Purpose of loan Feeder livestock 7.41 3.41 20.72 3.11 .28 5.06 3.18 3.90 Other livestock 7.68 1.74 11.75 7.15 3.52 13.05 7.10 7.72 Other current operating expenses 7 51.24 76.92 29.61 46.75 65.71 39.78 36.12 64.80 Farm machinery and equipment 5.29 1.26 .49 8.37 2.25 14.29 62.44 n.a. Farm real estate 15.45 8.16 38.44 6.99 10.68 19.78 62.59 n.a. Other 8 12.92 16.67 33.88 .71 1.51 .62 37.02 5.26 Type of collateral Farm real estate 29.96 23.93 24.53 40.98 28.68 59.30 42.38 22.26 Other 66.06 75.93 74.53 56.47 57.59 40.70 43.49 71.76 _________________________________________________________________________________________________________________________________ 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