A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 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) 297,125 19,675 71,700 68,852 23,311 592 18,461 94,533 Number of loans 8,006 825 2,511 2,245 994 44 173 1,213 Weighted average maturity (months) 1 23.76 11.42 30.21 31.60 22.47 7.95 12.02 18.43 Weighted average repricing interval (months) 2 15.49 10.59 26.19 20.94 17.81 .09 12.02 4.64 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 6.46 6.39 6.67 6.32 6.71 7.61 5.74 6.50 Standard error 5 .13 .45 .11 .38 .44 .42 1.16 .11 Interquartile range 6 75th percentile 7.01 7.23 7.16 7.50 7.23 8.14 5.64 6.61 25th percentile 5.88 6.03 5.88 5.06 5.04 7.30 5.64 6.18 Purpose of loan Feeder livestock 6.35 6.36 7.43 6.03 6.08 n.a. 8.00 6.62 Other livestock 7.45 7.48 n.a. 6.08 7.67 n.a. 6.75 8.09 Other current operating expenses 7 6.48 5.95 6.58 6.90 6.18 7.61 8.33 6.38 Farm machinery and equipment 7.07 6.81 7.50 6.49 7.29 n.a. 7.12 7.24 Farm real estate 6.00 n.a. 6.21 5.67 6.96 n.a. 5.64 6.45 Other 8 6.75 6.50 9.31 6.83 7.58 n.a. n.a. 6.45 Share of total loan volume Features of loan Floating rates 47.73 17.40 30.86 52.00 43.59 100.00 n.a. 73.74 Under commitment 57.20 30.14 57.56 62.49 55.16 100.00 n.a. 70.11 Callable 27.71 25.16 15.42 36.40 53.58 n.a. 97.69 11.35 Subject to prepayment penalty 9.83 n.a. 10.77 30.72 1.39 n.a. n.a. n.a. Purpose of loan Feeder livestock 16.56 26.97 11.57 40.84 22.70 n.a. 2.31 1.88 Other livestock 6.49 13.96 7.31 2.67 20.31 n.a. .71 4.86 Other current operating expenses 7 51.82 43.58 48.90 33.54 29.57 100.00 1.06 84.16 Farm machinery and equipment 4.40 11.91 5.51 4.48 5.02 n.a. .55 2.56 Farm real estate 18.40 n.a. 26.59 14.70 19.44 n.a. 95.37 3.55 Other 8 2.32 3.57 .12 3.77 2.97 n.a. n.a. 2.99 Type of collateral Farm real estate 22.66 n.a. 24.51 20.00 34.90 n.a. 95.37 10.82 Other 76.16 98.71 73.91 78.06 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