A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, 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) 304,073 39,043 114,287 83,290 23,966 418 8,541 34,527 Number of loans 9,826 1,341 2,489 3,262 1,050 42 375 1,267 Weighted average maturity (months) 1 26.96 12.31 29.76 28.46 41.79 11.89 17.14 22.96 Weighted average repricing interval (months) 2 10.46 9.72 8.31 7.14 17.07 .87 8.35 22.42 Weighted average risk rating 3 2.36 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.00 6.65 6.79 7.19 7.68 7.23 7.28 7.04 Standard error 5 .14 .42 .21 .10 .49 n.a. .36 .35 Interquartile range 6 75th percentile 7.64 6.87 7.60 7.64 9.16 7.23 7.71 7.69 25th percentile 6.09 6.00 6.09 6.17 6.75 7.23 7.50 6.10 Purpose of loan Feeder livestock 6.34 6.86 5.64 7.57 n.a. 7.23 4.81 n.a. Other livestock 6.51 6.78 n.a. 6.46 7.72 n.a. n.a. 8.51 Other current operating expenses 7 7.23 6.42 7.27 7.46 7.78 n.a. 7.70 6.73 Farm machinery and equipment 7.17 6.85 7.01 6.82 7.96 n.a. 7.28 7.41 Farm real estate 6.61 n.a. 6.96 7.21 6.73 n.a. n.a. 5.78 Other 8 7.56 7.56 7.68 7.00 8.59 n.a. n.a. 9.34 Share of total loan volume Features of loan Floating rates 56.07 40.07 76.94 56.86 49.13 100.00 31.35 13.52 Under commitment 57.97 45.53 77.97 55.88 42.27 n.a. 51.08 24.13 Callable 17.86 8.21 19.22 19.07 21.53 n.a. 13.33 20.09 Subject to prepayment penalty 1.97 n.a. .21 2.62 14.82 n.a. n.a. n.a. Purpose of loan Feeder livestock 6.81 14.51 8.32 4.87 n.a. 100.00 12.24 n.a. Other livestock 21.66 20.26 32.86 17.49 6.41 n.a. n.a. 12.48 Other current operating expenses 7 50.82 51.97 43.49 57.17 59.99 n.a. 71.95 47.52 Farm machinery and equipment 10.77 8.77 6.80 9.22 14.98 n.a. 15.80 25.91 Farm real estate 4.58 n.a. 1.20 5.50 14.82 n.a. n.a. 12.82 Other 8 5.35 4.49 7.32 5.74 3.80 n.a. n.a. 1.28 Type of collateral Farm real estate 17.19 11.96 10.81 20.84 37.53 100.00 4.63 23.39 Other 80.45 88.04 87.78 75.84 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