A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, November 5-9, 2007 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,140,199 38,716 116,062 479,156 314,664 89,724 6,061 95,816 Number of loans 17,859 710 2,051 8,289 3,624 827 119 2,239 Weighted average maturity (months) 1 15.48 7.24 12.64 19.38 14.11 9.17 12.07 12.78 Weighted average repricing interval (months) 2 4.10 6.96 4.62 3.70 4.29 4.92 9.20 2.46 Weighted average risk rating 3 3.29 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.44 7.64 7.77 7.36 7.18 7.95 7.27 7.81 Standard error 5 .16 .41 .18 .21 .43 .22 .51 .39 Interquartile range 6 75th percentile 8.25 8.60 8.44 8.03 7.76 8.85 7.52 8.52 25th percentile 6.66 6.32 7.07 6.45 6.35 7.76 6.50 6.96 Purpose of loan Feeder livestock 7.72 8.18 8.22 7.38 6.78 8.85 n.a. 8.22 Other livestock 7.65 7.39 8.30 8.04 7.26 6.30 9.31 8.90 Other current operating expenses 7 7.66 7.04 7.92 7.76 7.35 7.58 9.08 8.13 Farm machinery and equipment 7.99 8.50 9.15 7.93 8.64 7.73 8.76 9.22 Farm real estate 7.92 n.a. 8.50 7.23 8.81 8.76 7.48 8.09 Other 8 6.90 6.66 6.23 6.74 6.94 8.62 6.94 7.04 Share of total loan volume Features of loan Floating rates 80.20 6.28 42.57 88.84 89.08 77.89 74.95 85.78 Under commitment 87.87 97.56 90.38 91.20 95.86 82.46 74.95 43.86 Callable 17.09 85.29 45.57 10.13 9.03 8.89 n.a. 25.12 Subject to prepayment penalty 2.81 4.67 .89 4.51 .06 8.22 n.a. n.a. Purpose of loan Feeder livestock 9.59 51.62 13.23 8.01 5.14 2.46 n.a. 18.06 Other livestock 6.14 .37 10.66 4.34 10.63 3.08 7.12 .10 Other current operating expenses 7 39.23 46.65 51.51 37.32 39.14 30.41 .61 41.88 Farm machinery and equipment 7.52 .83 2.37 9.24 1.69 33.54 5.06 2.80 Farm real estate 3.66 n.a. 5.05 4.22 1.31 8.51 11.04 3.32 Other 8 33.86 .52 17.19 36.88 42.08 22.00 76.18 33.84 Type of collateral Farm real estate 7.05 3.66 11.99 7.74 1.69 4.26 14.64 18.69 Other 89.66 95.94 87.48 87.12 97.01 90.12 85.36 78.18 ___________________________________________________________________________________________________________________________________ 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