A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 3-7, 2008 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 459,083 40,104 92,173 150,283 23,101 2,670 17,508 133,246 Number of loans 9,665 1,466 1,999 3,012 1,022 44 461 1,661 Weighted average maturity (months) 1 29.25 8.91 16.49 32.86 41.90 11.73 233.76 11.51 Weighted average repricing interval (months) 2 7.07 6.34 8.61 7.22 30.06 11.72 3.36 2.46 Weighted average risk rating 3 2.53 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.29 6.96 6.24 6.85 7.54 5.32 7.43 5.15 Standard error 5 .21 .10 .37 .46 .34 3.03 .37 .48 Interquartile range 6 75th percentile 7.50 7.75 7.41 8.06 8.26 5.00 7.50 6.30 25th percentile 4.50 6.06 4.50 5.65 7.12 5.00 7.50 4.08 Purpose of loan Feeder livestock 4.79 6.16 7.04 5.45 7.55 n.a. 6.51 4.14 Other livestock 7.20 7.45 n.a. 8.25 8.07 n.a. 5.74 6.61 Other current operating expenses 7 6.50 7.14 6.28 6.42 8.06 5.00 7.64 6.36 Farm machinery and equipment 7.49 8.11 6.61 7.70 8.02 11.07 7.50 6.93 Farm real estate 7.17 7.39 6.25 7.03 7.34 n.a. 7.50 8.53 Other 8 7.10 n.a. 8.19 7.24 6.19 n.a. n.a. 8.41 Share of total loan volume Features of loan Floating rates 59.23 36.87 41.12 66.32 38.73 n.a. 75.39 73.10 Under commitment 64.44 48.63 55.88 73.83 38.37 94.65 78.20 66.63 Callable 19.07 20.37 4.83 42.03 7.81 n.a. 2.80 7.09 Subject to prepayment penalty 10.64 1.33 5.73 26.19 15.92 n.a. n.a. n.a. Purpose of loan Feeder livestock 24.38 25.95 8.73 8.83 13.23 n.a. 2.10 57.63 Other livestock 13.60 17.10 14.52 18.03 15.48 n.a. 4.52 8.07 Other current operating expenses 7 46.77 53.05 70.04 51.03 31.25 94.65 20.10 29.21 Farm machinery and equipment 4.27 1.73 1.15 6.36 6.09 5.35 9.54 3.80 Farm real estate 8.55 2.17 3.34 13.15 15.68 n.a. 63.74 .55 Other 8 2.40 n.a. 2.22 2.60 18.28 n.a. n.a. .63 Type of collateral Farm real estate 32.96 .81 8.33 31.19 17.27 n.a. 63.74 61.01 Other 63.70 91.03 85.30 68.18 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