A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 1-5, 2005 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 296,182 45,913 70,645 70,939 12,840 277 32,950 62,617 Number of loans 11,975 1,413 3,391 3,189 623 40 1,478 1,841 Weighted average maturity (months) 1 49.90 134.02 28.62 62.48 9.10 6.98 31.09 16.72 Weighted average repricing interval (months) 2 11.70 8.74 14.77 11.52 5.69 5.36 18.20 8.45 Weighted average risk rating 3 2.26 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.69 7.84 7.65 7.77 8.49 8.69 7.70 7.37 Standard error 5 .11 .68 .30 .13 .43 .83 .22 .18 Interquartile range 6 75th percentile 8.43 8.03 8.75 8.28 9.25 9.16 8.13 7.90 25th percentile 7.23 7.57 6.93 7.40 7.85 7.50 7.23 6.96 Purpose of loan Feeder livestock 7.59 7.47 6.71 7.62 8.13 n.a. 8.82 7.58 Other livestock 7.88 9.10 n.a. 8.32 n.a. n.a. 7.26 7.49 Other current operating expenses 7 7.88 7.99 7.80 8.14 8.65 9.16 7.73 7.27 Farm machinery and equipment 7.94 n.a. 8.55 7.75 7.36 n.a. 7.39 7.82 Farm real estate 7.28 4.75 6.83 7.56 n.a. n.a. 7.22 9.38 Other 8 7.36 8.03 5.93 6.98 n.a. 7.50 8.35 6.42 Share of total loan volume Features of loan Floating rates 54.45 68.50 40.98 72.47 50.14 28.57 18.45 58.88 Under commitment 41.95 41.64 76.25 38.87 47.50 71.43 22.10 16.15 Callable 13.73 n.a. 3.32 6.00 1.01 n.a. 7.57 50.18 Subject to prepayment penalty 1.06 n.a. n.a. .23 n.a. n.a. n.a. 4.74 Purpose of loan Feeder livestock 13.48 5.38 5.98 4.42 10.85 n.a. 8.45 41.40 Other livestock 4.75 3.57 7.05 4.44 n.a. n.a. 4.06 4.75 Other current operating expenses 7 45.71 42.53 63.76 35.79 81.52 71.43 48.62 29.93 Farm machinery and equipment 8.36 n.a. 11.33 6.80 7.63 n.a. 14.69 9.77 Farm real estate 14.31 5.51 6.97 40.14 n.a. n.a. 18.16 .74 Other 8 13.39 43.01 4.92 8.42 n.a. 28.57 6.02 13.41 Type of collateral Farm real estate 30.99 50.67 14.73 49.77 29.76 71.43 24.04 17.38 Other 67.28 49.33 83.66 49.70 70.24 28.57 75.34 77.21 ________________________________________________________________________________________________________________________________ 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