A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, August 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) 1,637,133 59,863 232,083 746,466 429,112 24,727 9,228 135,655 Number of loans 26,226 1,602 4,230 12,040 4,076 533 409 3,336 Weighted average maturity (months) 1 23.85 12.08 23.32 29.16 19.77 12.98 18.68 15.15 Weighted average repricing interval (months) 2 4.97 9.78 6.35 4.28 3.39 1.17 10.27 9.74 Weighted average risk rating 3 3.08 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.34 6.39 5.84 5.23 4.87 5.71 7.21 5.97 Standard error 5 .23 .34 .20 .29 .61 .48 .24 .54 Interquartile range 6 75th percentile 6.17 6.57 6.98 6.17 5.58 6.66 7.71 7.00 25th percentile 4.04 6.00 4.71 4.03 4.03 4.59 7.50 5.06 Purpose of loan Feeder livestock 5.65 6.22 5.34 5.53 5.79 5.77 4.81 7.53 Other livestock 5.52 6.78 6.23 5.48 4.06 3.85 n.a. 8.51 Other current operating expenses 7 5.57 6.29 6.45 5.59 4.88 5.56 7.60 5.71 Farm machinery and equipment 6.35 6.80 6.64 5.95 6.41 3.31 7.39 7.34 Farm real estate 6.04 n.a. 6.18 5.81 6.41 n.a. n.a. 6.17 Other 8 4.61 6.49 4.41 4.55 4.63 6.21 5.92 5.84 Share of total loan volume Features of loan Floating rates 81.24 29.44 74.18 87.53 86.63 93.53 31.97 65.68 Under commitment 73.36 44.11 77.92 71.68 90.56 98.18 54.13 30.08 Callable 16.55 16.57 24.22 17.18 11.73 6.86 16.23 17.05 Subject to prepayment penalty 2.39 .28 1.63 3.59 1.88 1.48 n.a. n.a. Purpose of loan Feeder livestock 4.23 23.31 10.03 2.87 1.83 3.81 11.33 .60 Other livestock 10.06 13.21 16.50 11.06 7.12 4.14 n.a. 3.18 Other current operating expenses 7 45.98 51.26 44.00 38.26 49.05 54.74 71.08 76.51 Farm machinery and equipment 5.06 7.58 5.47 5.56 3.01 .86 15.22 7.03 Farm real estate 4.74 n.a. 1.25 5.68 4.66 n.a. n.a. 9.13 Other 8 29.93 4.64 22.75 36.57 34.33 36.45 2.36 3.56 Type of collateral Farm real estate 19.12 7.80 8.38 26.73 16.04 5.14 8.17 13.70 Other 76.66 91.30 88.20 70.22 83.52 94.31 82.68 60.57 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16