A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 2-6, 2009 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 2,093,048 185,516 189,237 837,310 616,589 42,565 4,642 217,188 Number of loans 27,299 2,121 3,588 12,221 4,545 800 95 3,929 Weighted average maturity (months) 1 18.28 14.34 17.06 22.48 13.62 19.02 27.93 19.49 Weighted average repricing interval (months) 2 7.99 5.73 8.34 9.56 6.29 2.33 8.69 9.54 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 5.18 5.78 5.78 5.20 4.70 5.13 4.72 5.46 Standard error 5 .21 .36 .11 .41 .35 .48 1.40 .33 Interquartile range 6 75th percentile 6.52 6.52 6.52 6.66 6.66 6.70 6.12 6.35 25th percentile 4.04 5.00 5.06 4.30 3.24 3.30 2.53 4.84 Purpose of loan Feeder livestock 5.83 5.82 5.08 6.97 4.34 4.86 6.53 4.65 Other livestock 4.07 9.98 6.07 4.52 2.64 3.80 n.a. 7.57 Other current operating expenses 7 5.51 5.76 5.88 5.58 5.16 5.19 n.a. 5.65 Farm machinery and equipment 5.49 5.89 5.64 5.18 5.46 7.08 n.a. 6.07 Farm real estate 5.70 5.48 5.88 5.64 5.65 8.57 6.43 5.80 Other 8 3.73 5.28 5.58 3.35 3.69 4.79 2.67 4.13 Share of total loan volume Features of loan Floating rates 60.36 50.68 51.21 59.13 67.56 87.76 73.88 55.22 Under commitment 71.92 58.90 61.05 76.79 82.06 80.32 44.57 43.91 Callable 13.04 13.20 16.62 18.94 3.38 10.52 n.a. 15.22 Subject to prepayment penalty 1.60 .06 .91 .90 3.55 4.37 n.a. .23 Purpose of loan Feeder livestock 5.54 10.40 8.75 5.73 2.90 1.66 13.35 5.97 Other livestock 5.04 .94 2.04 5.71 7.28 .19 n.a. 3.24 Other current operating expenses 7 62.30 72.10 73.76 59.38 61.87 59.56 n.a. 58.33 Farm machinery and equipment 4.81 6.98 8.18 6.26 .80 .97 n.a. 6.63 Farm real estate 6.49 3.17 3.32 6.13 7.55 2.04 40.85 10.58 Other 8 15.82 6.40 3.96 16.78 19.59 35.58 45.80 15.25 Type of collateral Farm real estate 11.69 4.19 11.55 12.57 7.21 21.97 29.31 25.17 Other 86.44 95.40 85.46 85.45 92.11 75.16 57.92 70.19 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16