A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, 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) 235,637 22,807 69,555 44,256 17,748 2,097 36,161 43,014 Number of loans 9,171 972 2,856 2,281 491 70 521 1,979 Weighted average maturity (months) 1 31.36 144.84 16.61 16.46 9.15 27.56 10.58 36.25 Weighted average repricing interval (months) 2 16.93 48.14 13.38 7.90 3.77 .03 1.89 34.30 Weighted average risk rating 3 2.40 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.05 7.82 7.95 8.08 8.76 8.75 8.41 7.66 Standard error 5 .16 .33 .24 .20 .25 n.a. .27 .39 Interquartile range 6 75th percentile 8.50 7.79 8.50 8.34 9.15 8.75 8.45 8.75 25th percentile 7.64 7.74 7.25 7.75 8.40 8.75 8.33 7.25 Purpose of loan Feeder livestock 7.90 7.99 7.62 7.95 8.66 8.75 8.29 7.04 Other livestock 8.44 8.24 n.a. 8.51 8.87 n.a. 8.17 8.17 Other current operating expenses 7 8.15 7.72 7.93 7.83 8.88 8.75 8.46 8.60 Farm machinery and equipment 8.23 7.93 8.11 8.19 10.24 8.75 8.62 8.24 Farm real estate 7.69 7.78 7.25 8.24 9.65 n.a. n.a. 7.80 Other 8 7.48 n.a. 9.27 8.31 n.a. n.a. n.a. 6.60 Share of total loan volume Features of loan Floating rates 56.30 75.60 53.73 56.04 88.94 100.00 72.60 21.21 Under commitment 52.70 35.51 73.07 34.63 57.72 n.a. 80.78 24.39 Callable 23.81 64.15 3.62 9.10 .48 n.a. 72.60 20.00 Subject to prepayment penalty 11.83 n.a. n.a. 2.02 n.a. n.a. 72.60 1.70 Purpose of loan Feeder livestock 26.95 6.68 34.38 26.91 77.58 27.92 11.28 17.95 Other livestock 14.96 4.53 9.60 23.15 3.76 n.a. 10.75 29.60 Other current operating expenses 7 37.62 30.43 41.47 33.42 14.29 39.08 76.56 16.33 Farm machinery and equipment 6.10 13.94 1.03 10.56 1.72 33.00 1.40 10.00 Farm real estate 7.43 44.42 7.56 1.61 2.66 n.a. n.a. 2.18 Other 8 6.95 n.a. 5.97 4.35 n.a. n.a. n.a. 23.95 Type of collateral Farm real estate 23.31 46.65 16.54 6.71 29.53 n.a. 63.96 3.34 Other 75.17 53.35 83.06 93.13 69.53 100.00 32.70 92.30 ________________________________________________________________________________________________________________________________ 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