A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 7-11, 2006 Percent except as noted _________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported _________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 379,270 38,242 103,205 125,819 14,458 n.a. 17,955 79,592 Number of loans 9,324 911 2,814 3,112 897 n.a. 371 1,219 Weighted average maturity (months) 1 38.52 128.63 32.34 34.97 35.97 n.a. 11.02 15.42 Weighted average repricing interval (months) 2 13.39 17.84 14.39 12.96 19.54 n.a. 1.51 12.18 Weighted average risk rating 3 2.41 1.00 2.00 3.00 4.00 n.a. n.a. n.a. Weighted average interest rate 4 9.00 8.58 9.21 9.36 9.36 n.a. 8.43 8.43 Standard error 5 .13 .17 .23 .15 .37 n.a. .21 .23 Interquartile range 6 75th percentile 9.50 8.47 9.58 10.16 9.50 n.a. 8.24 9.25 25th percentile 8.33 8.23 8.68 8.84 9.12 n.a. 8.24 7.70 Purpose of loan Feeder livestock 8.44 8.62 8.93 9.52 9.16 n.a. 8.25 8.15 Other livestock 9.60 8.42 n.a. 9.81 n.a. n.a. n.a. 9.44 Other current operating expenses 7 9.28 8.81 9.50 9.42 9.73 n.a. 9.20 8.30 Farm machinery and equipment 8.81 9.27 9.35 8.76 9.61 n.a. 8.57 8.52 Farm real estate 8.33 8.40 8.00 8.14 9.32 n.a. n.a. 8.65 Other 8 8.87 n.a. 8.34 9.75 n.a. n.a. n.a. 8.10 Share of total loan volume Features of loan Floating rates 47.57 64.19 72.59 32.49 56.31 n.a. 84.97 20.97 Under commitment 51.06 22.06 63.93 62.10 46.94 n.a. 92.85 22.18 Callable 13.80 3.55 2.51 12.69 37.06 n.a. 4.92 32.89 Subject to prepayment penalty .16 n.a. n.a. .47 n.a. n.a. n.a. n.a. Purpose of loan Feeder livestock 20.20 2.72 5.55 5.51 41.77 n.a. 79.66 53.51 Other livestock 22.81 5.20 26.31 35.28 n.a. n.a. n.a. 16.32 Other current operating expenses 7 32.76 25.60 49.57 34.26 23.12 n.a. 17.86 17.15 Farm machinery and equipment 8.75 8.43 2.43 14.59 4.95 n.a. 2.48 9.96 Farm real estate 14.10 58.05 13.57 8.74 30.16 n.a. n.a. 2.40 Other 8 1.38 n.a. 2.57 1.62 n.a. n.a. n.a. .66 Type of collateral Farm real estate 25.59 58.22 15.72 36.47 17.35 n.a. .60 12.67 Other 72.48 41.78 78.19 63.30 81.49 n.a. n.a. n.a. _________________________________________________________________________________________________________________________________ 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