A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized 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) 474,112 122,239 72,551 46,780 39,241 38,469 52,868 101,964 Number of loans 10,536 1,816 2,864 1,765 848 94 914 2,235 Weighted average maturity (months) 1 27.99 31.97 23.92 42.09 26.44 3.30 29.58 28.86 Weighted average repricing interval (months) 2 15.21 12.81 13.06 21.08 15.04 2.79 28.29 14.88 Weighted average risk rating 3 2.37 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.36 7.66 8.82 8.78 9.01 7.52 8.38 8.72 Standard error 5 .17 .44 .12 .22 .33 .76 .19 .15 Interquartile range 6 75th percentile 9.01 8.81 9.35 9.53 9.70 7.45 8.50 9.14 25th percentile 7.63 6.01 8.19 8.06 8.50 7.45 8.25 8.16 Purpose of loan Feeder livestock 8.79 8.66 9.29 8.42 9.30 n.a. 8.24 8.92 Other livestock 8.50 10.38 n.a. 9.65 9.53 7.45 8.39 9.68 Other current operating expenses 7 8.27 7.56 8.88 9.03 8.88 9.70 8.64 8.78 Farm machinery and equipment 8.78 7.64 8.57 8.96 9.19 n.a. 8.65 8.95 Farm real estate 7.35 7.23 7.26 7.61 7.75 n.a. 8.25 7.08 Other 8 8.87 n.a. 8.61 8.90 8.84 n.a. n.a. 9.11 Share of total loan volume Features of loan Floating rates 34.86 31.21 33.04 47.79 61.78 3.17 14.94 46.50 Under commitment 54.81 56.40 60.41 51.15 71.87 97.30 19.65 46.24 Callable 23.26 13.17 8.99 15.39 63.19 2.70 12.35 47.18 Subject to prepayment penalty .78 .37 2.65 1.63 .98 .47 n.a. n.a. Purpose of loan Feeder livestock 21.54 11.51 1.91 6.18 65.79 n.a. 52.58 29.59 Other livestock 19.13 .58 29.60 17.77 1.96 96.83 16.78 13.05 Other current operating expenses 7 43.02 75.60 52.06 40.54 12.26 3.17 23.79 35.51 Farm machinery and equipment 4.34 .76 6.52 12.52 3.45 n.a. 5.43 4.74 Farm real estate 10.49 11.55 6.10 21.81 15.03 n.a. 1.42 14.05 Other 8 1.48 n.a. 3.81 1.18 1.52 n.a. n.a. 3.06 Type of collateral Farm real estate 22.75 18.71 6.72 32.19 18.56 n.a. 53.15 29.12 Other 73.91 77.31 90.77 67.04 n.a. 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