A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, 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) 1,340,185 83,423 194,992 497,094 371,941 61,291 4,435 127,009 Number of loans 16,773 1,165 2,119 6,979 3,497 692 85 2,236 Weighted average maturity (months) 1 21.68 13.03 30.02 23.75 13.72 8.64 18.70 38.54 Weighted average repricing interval (months) 2 7.42 8.76 22.43 5.83 3.48 3.40 9.59 4.25 Weighted average risk rating 3 3.11 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.18 6.37 6.38 6.12 5.97 6.57 6.58 6.38 Standard error 5 .08 .23 .17 .15 .21 .26 .38 .20 Interquartile range 6 75th percentile 6.72 6.98 6.72 6.90 6.66 7.64 7.52 6.98 25th percentile 5.38 6.00 5.39 5.12 5.34 5.73 6.17 5.90 Purpose of loan Feeder livestock 6.54 6.60 5.91 6.85 6.69 6.35 n.a. 6.42 Other livestock 5.91 5.26 6.69 5.95 5.38 5.14 n.a. 7.51 Other current operating expenses 7 6.37 6.44 6.67 6.47 5.80 6.78 7.48 6.37 Farm machinery and equipment 6.46 5.66 6.76 6.32 7.29 5.81 6.96 6.55 Farm real estate 6.32 7.05 5.55 6.89 6.63 n.a. n.a. 6.51 Other 8 5.80 6.98 5.84 5.43 6.07 6.35 6.13 6.19 Share of total loan volume Features of loan Floating rates 75.61 35.06 35.67 86.46 87.34 72.53 79.65 88.08 Under commitment 77.23 75.38 75.71 86.01 79.63 68.73 79.65 43.41 Callable 19.98 35.12 56.29 13.57 5.87 23.86 n.a. 19.55 Subject to prepayment penalty 2.17 4.26 .41 3.68 1.57 n.a. n.a. .47 Purpose of loan Feeder livestock 5.89 6.99 7.17 6.33 1.71 .04 n.a. 16.73 Other livestock 5.70 3.37 12.05 3.00 8.04 6.56 n.a. 1.01 Other current operating expenses 7 48.57 83.30 56.51 46.21 37.59 70.48 24.34 45.25 Farm machinery and equipment 2.91 5.50 .50 3.85 1.63 .24 14.15 5.86 Farm real estate 6.76 .74 15.61 4.84 5.10 n.a. n.a. 13.06 Other 8 30.17 .10 8.15 35.78 45.94 22.67 61.51 18.07 Type of collateral Farm real estate 11.54 7.92 18.24 9.35 7.49 8.38 28.83 24.99 Other 83.51 89.29 75.68 85.16 91.50 90.56 71.17 58.91 ___________________________________________________________________________________________________________________________________ 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