A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 7-11, 2005 Percent except as noted _________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported _________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 995,330 54,415 169,067 441,378 194,912 13,483 37,191 84,884 Number of loans 24,573 1,447 4,683 10,657 3,608 787 605 2,787 Weighted average maturity (months) 1 21.02 67.35 14.64 20.17 15.70 27.75 10.78 24.45 Weighted average repricing interval (months) 2 7.16 26.16 8.60 5.18 .95 3.77 2.18 19.49 Weighted average risk rating 3 2.94 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.44 7.14 7.68 7.29 7.44 8.61 8.40 7.34 Standard error 5 .14 .21 .19 .27 .24 .33 .21 .21 Interquartile range 6 75th percentile 8.25 7.79 8.09 8.25 7.98 9.11 8.45 8.14 25th percentile 6.70 6.91 7.10 6.26 6.70 8.11 8.33 6.47 Purpose of loan Feeder livestock 7.50 7.37 7.72 7.16 7.95 9.66 8.29 7.10 Other livestock 7.72 6.98 7.62 7.79 7.34 n.a. 8.17 8.12 Other current operating expenses 7 7.58 6.60 7.70 7.52 7.41 8.51 8.46 7.83 Farm machinery and equipment 7.66 7.84 7.78 7.51 8.27 8.40 8.73 8.20 Farm real estate 7.09 7.78 7.33 6.77 7.76 n.a. 7.67 7.04 Other 8 6.85 6.68 7.71 6.43 7.19 8.26 8.27 6.56 Share of total loan volume Features of loan Floating rates 74.68 36.54 60.56 81.68 93.13 99.36 72.28 45.62 Under commitment 77.44 72.23 77.30 78.64 89.37 73.87 80.23 46.78 Callable 22.97 58.51 19.11 20.99 8.11 11.27 72.12 32.59 Subject to prepayment penalty 4.24 .19 1.23 1.93 2.26 .96 70.59 .87 Purpose of loan Feeder livestock 20.40 29.16 35.73 18.80 15.21 13.37 10.97 9.76 Other livestock 11.55 4.99 11.66 10.64 11.92 n.a. 10.45 21.78 Other current operating expenses 7 39.63 40.07 40.34 39.06 39.84 61.59 74.72 21.48 Farm machinery and equipment 6.26 6.33 1.03 10.78 1.59 7.93 1.51 5.66 Farm real estate 6.83 18.62 5.20 8.98 2.82 n.a. 1.52 4.01 Other 8 15.33 .83 6.04 11.74 28.62 17.10 .83 37.31 Type of collateral Farm real estate 10.67 26.78 10.47 6.11 8.24 10.32 62.55 7.34 Other 85.83 72.87 86.81 89.13 90.49 86.75 33.68 87.01 _________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16