A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized 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) 533,401 121,870 115,683 107,880 64,707 457 19,034 103,771 Number of loans 9,346 1,681 2,057 2,916 709 30 441 1,512 Weighted average maturity (months) 1 26.58 23.22 14.66 19.67 86.19 48.88 15.34 15.68 Weighted average repricing interval (months) 2 12.86 12.86 4.91 11.89 33.07 .19 13.74 10.04 Weighted average risk rating 3 2.28 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.51 7.30 7.08 7.62 7.42 9.58 8.37 7.98 Standard error 5 .17 .29 .25 .18 .29 n.a. .31 .48 Interquartile range 6 75th percentile 8.24 7.38 7.52 8.25 8.06 9.58 8.75 9.00 25th percentile 6.93 6.64 6.00 6.70 6.93 9.58 8.18 7.25 Purpose of loan Feeder livestock 6.93 7.83 6.71 6.52 9.41 n.a. 6.71 7.63 Other livestock 8.08 8.11 n.a. 8.75 8.57 n.a. 8.49 7.55 Other current operating expenses 7 7.61 7.24 7.01 7.77 7.92 9.58 8.53 8.35 Farm machinery and equipment 7.94 8.43 8.51 7.43 7.64 n.a. 7.25 7.94 Farm real estate 7.35 6.96 n.a. 7.88 7.76 n.a. 7.25 6.77 Other 8 6.56 6.78 7.48 6.35 6.18 n.a. 7.87 10.03 Share of total loan volume Features of loan Floating rates 42.74 23.48 73.43 25.17 60.51 100.00 8.89 44.32 Under commitment 44.71 35.84 72.88 48.10 46.21 100.00 29.07 21.89 Callable 29.68 19.80 56.73 8.65 3.09 n.a. 12.10 52.92 Subject to prepayment penalty .82 .16 .26 1.62 2.59 100.00 n.a. n.a. Purpose of loan Feeder livestock 9.20 3.08 24.23 7.99 .67 n.a. 3.20 7.34 Other livestock 7.71 4.25 5.19 6.60 .39 n.a. 27.69 16.69 Other current operating expenses 7 64.72 77.38 62.96 62.75 56.23 100.00 60.81 59.74 Farm machinery and equipment 4.92 4.19 3.63 6.98 5.27 n.a. 1.02 5.57 Farm real estate 5.76 2.71 n.a. 8.98 9.57 n.a. 4.57 10.27 Other 8 7.69 8.40 3.99 6.69 27.87 n.a. 2.71 .39 Type of collateral Farm real estate 21.50 19.47 3.99 41.03 39.62 n.a. 4.57 15.02 Other 74.43 73.10 94.67 55.35 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