A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, August 2-6, 2004 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,181,257 48,512 194,695 434,333 189,847 30,152 30,719 253,000 Number of loans 33,547 2,450 7,656 12,594 4,026 1,003 1,263 4,556 Weighted average maturity (months) 1 17.96 14.02 30.05 21.69 13.87 6.95 21.93 7.06 Weighted average repricing interval (months) 2 7.61 8.98 22.96 7.24 .63 .36 8.93 2.13 Weighted average risk rating 3 2.95 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.51 6.15 6.05 5.31 4.93 6.02 5.53 5.68 Standard error 5 .10 .15 .20 .13 .17 .54 .45 .28 Interquartile range 6 75th percentile 6.43 7.08 6.81 6.50 5.64 7.47 6.62 5.39 25th percentile 4.34 5.58 5.30 4.33 4.32 4.59 4.32 5.39 Purpose of loan Feeder livestock 5.34 6.29 5.17 5.32 4.19 8.14 5.75 7.12 Other livestock 5.54 3.92 5.95 5.48 4.03 4.87 7.16 7.10 Other current operating expenses 7 5.84 6.74 6.27 5.55 5.27 6.48 5.89 6.94 Farm machinery and equipment 5.65 5.44 6.35 5.55 4.67 4.75 7.84 6.51 Farm real estate 5.33 6.73 5.75 4.91 5.21 5.71 6.96 6.60 Other 8 5.07 4.00 5.97 4.57 4.74 4.30 4.59 5.34 Share of total loan volume Features of loan Floating rates 73.67 39.65 46.70 72.76 96.44 92.25 64.71 84.28 Under commitment 74.48 49.96 46.57 74.70 87.53 92.61 65.21 89.47 Callable 20.23 21.86 40.93 24.40 9.70 4.75 5.62 8.34 Subject to prepayment penalty .86 2.98 .04 1.15 1.35 .67 2.82 n.a. Purpose of loan Feeder livestock 4.20 10.92 4.86 4.14 5.97 3.75 2.12 1.48 Other livestock 11.90 14.12 28.69 10.19 9.55 8.53 6.87 4.28 Other current operating expenses 7 38.39 56.97 46.36 40.25 53.05 68.28 37.57 11.02 Farm machinery and equipment 10.37 8.92 2.87 19.75 4.68 7.17 7.34 5.35 Farm real estate 6.21 8.08 12.30 8.62 3.67 .14 .31 .37 Other 8 28.93 .99 4.91 17.04 23.08 12.13 45.78 77.51 Type of collateral Farm real estate 12.10 7.35 20.72 14.84 12.56 1.27 16.11 2.12 Other 82.47 91.94 73.14 77.92 84.58 98.73 70.65 93.54 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16