A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 4-8, 2008 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,873,586 205,293 310,675 604,975 436,647 61,748 23,469 230,780 Number of loans 26,119 2,846 4,177 9,895 4,206 722 526 3,748 Weighted average maturity (months) 1 23.10 19.11 24.08 23.02 24.55 8.94 15.97 27.60 Weighted average repricing interval (months) 2 8.98 11.19 15.68 6.91 7.86 3.38 12.95 6.90 Weighted average risk rating 3 2.90 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.56 6.92 6.64 6.39 6.19 6.59 8.03 7.10 Standard error 5 .08 .21 .21 .17 .20 .26 .42 .36 Interquartile range 6 75th percentile 7.38 7.38 7.20 7.25 6.70 7.64 8.58 7.98 25th percentile 5.64 6.06 6.00 5.61 5.34 5.73 7.52 6.17 Purpose of loan Feeder livestock 6.69 7.08 6.44 6.78 6.86 6.35 6.71 6.74 Other livestock 6.67 7.11 7.03 6.86 5.40 5.14 8.49 7.55 Other current operating expenses 7 6.80 6.90 6.81 6.76 6.24 6.81 8.44 7.39 Farm machinery and equipment 7.05 7.12 8.18 6.64 7.42 5.81 7.03 7.16 Farm real estate 6.58 6.98 5.55 7.17 6.91 n.a. 7.25 6.61 Other 8 5.87 6.78 6.21 5.46 6.08 6.35 6.41 6.25 Share of total loan volume Features of loan Floating rates 66.25 28.18 49.73 75.53 83.36 72.73 22.26 68.40 Under commitment 67.97 51.91 74.66 79.25 74.68 68.96 38.62 33.73 Callable 22.74 26.03 56.46 12.69 5.46 23.68 9.81 34.55 Subject to prepayment penalty 1.79 1.82 .35 3.31 1.72 .74 n.a. .26 Purpose of loan Feeder livestock 6.83 4.67 13.52 6.62 1.56 .04 2.59 12.51 Other livestock 6.27 3.89 9.50 3.64 6.90 6.51 22.46 8.06 Other current operating expenses 7 53.17 79.78 58.91 49.16 40.35 70.70 53.92 51.77 Farm machinery and equipment 3.48 4.73 1.67 4.41 2.17 .24 3.50 5.73 Farm real estate 6.48 1.91 9.80 5.58 5.76 n.a. 3.70 11.81 Other 8 23.77 5.02 6.60 30.59 43.26 22.51 13.83 10.12 Type of collateral Farm real estate 14.38 14.78 12.93 15.00 12.25 8.32 9.15 20.51 Other 80.92 79.68 82.75 79.84 85.41 90.63 89.90 70.41 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16