A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 5-9, 2008 Percent except as noted _________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported _________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 502,367 99,292 132,249 141,203 41,616 1,020 36,756 50,231 Number of loans 10,720 2,023 2,613 2,634 1,164 32 848 1,405 Weighted average maturity (months) 1 42.34 39.42 63.38 39.80 25.19 79.84 18.41 31.11 Weighted average repricing interval (months) 2 26.95 32.88 42.52 15.79 20.90 .03 13.18 20.84 Weighted average risk rating 3 2.31 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.82 6.74 6.72 6.96 6.98 8.49 6.84 6.71 Standard error 5 .13 .08 .27 .36 .36 .58 .27 .40 Interquartile range 6 75th percentile 7.28 6.88 7.25 7.81 7.75 8.42 6.76 7.25 25th percentile 6.09 6.25 5.88 6.14 6.08 8.42 6.76 5.98 Purpose of loan Feeder livestock 6.59 6.86 5.16 9.70 9.69 n.a. 8.11 7.09 Other livestock 7.75 6.40 n.a. 7.58 8.02 n.a. 7.90 7.57 Other current operating expenses 7 6.86 6.86 6.74 6.98 7.06 8.49 6.78 6.42 Farm machinery and equipment 6.80 6.94 7.22 6.72 6.76 n.a. 8.14 6.50 Farm real estate 6.50 6.58 6.55 6.14 6.14 n.a. 5.98 7.09 Other 8 6.71 6.41 7.28 6.73 8.38 n.a. 8.03 6.50 Share of total loan volume Features of loan Floating rates 42.91 41.12 46.89 41.19 28.98 100.00 72.14 29.83 Under commitment 52.83 47.89 67.72 55.32 33.34 n.a. 89.18 7.03 Callable 20.93 5.45 14.55 43.28 6.26 n.a. 25.29 14.90 Subject to prepayment penalty 7.37 .24 25.59 1.14 .86 93.64 n.a. n.a. Purpose of loan Feeder livestock 4.64 5.18 8.85 2.78 .75 n.a. 2.65 2.46 Other livestock 7.14 6.07 8.07 6.82 7.00 n.a. 9.80 6.01 Other current operating expenses 7 55.05 58.69 36.73 65.68 69.26 100.00 72.76 40.55 Farm machinery and equipment 7.33 2.75 6.36 9.18 2.81 n.a. 1.18 22.12 Farm real estate 22.77 19.75 38.26 12.57 18.99 n.a. 13.11 27.26 Other 8 3.08 7.57 1.72 2.97 1.18 n.a. .51 1.60 Type of collateral Farm real estate 30.39 27.92 40.88 20.41 51.55 93.64 14.43 28.54 Other 68.24 70.69 56.67 78.81 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