A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, February 6-10, 2006 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,029,892 30,046 121,990 532,889 220,499 80,323 5,201 38,944 Number of loans 19,076 706 2,134 10,397 3,608 966 545 719 Weighted average maturity (months) 1 16.87 8.12 11.35 18.51 18.25 13.78 13.73 17.97 Weighted average repricing interval (months) 2 4.81 7.39 3.61 5.58 3.82 4.03 5.80 2.97 Weighted average risk rating 3 3.20 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.86 7.56 7.87 7.80 7.93 8.47 7.89 7.32 Standard error 5 .09 .24 .19 .21 .19 .21 .26 .17 Interquartile range 6 75th percentile 8.53 8.33 8.33 8.53 8.51 8.68 8.28 7.71 25th percentile 7.35 6.72 7.64 7.23 7.29 7.79 7.24 6.77 Purpose of loan Feeder livestock 7.86 8.07 8.15 7.68 7.80 9.16 n.a. 8.50 Other livestock 7.80 6.75 7.74 7.84 7.99 7.64 7.74 7.00 Other current operating expenses 7 8.08 7.66 7.85 8.07 8.16 8.48 7.59 7.31 Farm machinery and equipment 7.94 6.82 8.68 7.87 8.51 7.69 8.96 8.62 Farm real estate 7.82 7.70 7.04 8.17 6.86 n.a. 8.65 7.60 Other 8 7.29 9.12 7.89 6.92 7.57 8.54 8.18 7.29 Share of total loan volume Features of loan Floating rates 78.97 8.81 64.32 83.48 90.26 63.32 20.29 93.56 Under commitment 83.70 79.40 82.17 83.42 91.55 63.69 87.41 91.97 Callable 27.49 56.29 33.67 28.27 13.17 36.49 87.78 29.65 Subject to prepayment penalty 2.73 1.32 1.80 4.61 .27 .47 n.a. n.a. Purpose of loan Feeder livestock 7.22 31.96 14.82 7.14 3.75 .30 n.a. .18 Other livestock 8.34 29.91 2.46 5.56 19.70 .21 12.56 .14 Other current operating expenses 7 54.06 25.87 70.43 53.30 44.57 85.51 61.11 22.99 Farm machinery and equipment 6.63 1.32 1.09 10.88 2.75 1.85 10.74 1.25 Farm real estate 3.87 7.60 3.92 4.84 2.34 n.a. 8.64 3.60 Other 8 19.88 3.34 7.27 18.29 26.89 12.14 6.95 71.84 Type of collateral Farm real estate 8.58 13.94 7.40 10.37 6.39 3.00 11.15 7.13 Other 86.81 83.85 90.74 84.09 88.56 94.91 84.27 87.76 ___________________________________________________________________________________________________________________________________ Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans. For explanation of footnotes, see table A.8. n.a. Not available. 17