A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 4-8, 2002 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,107,492 114,457 226,275 277,455 249,121 59,903 91,262 89,018 Number of loans 33,345 3,405 5,603 11,157 6,866 1,094 971 4,249 Weighted average maturity (months) 1 21.11 14.27 49.38 10.99 13.13 5.43 21.59 21.55 Weighted average repricing interval (months) 2 5.13 2.85 10.39 2.21 1.93 .77 1.08 19.13 Weighted average risk rating 3 2.91 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.56 6.77 5.39 5.35 5.14 5.42 5.07 6.81 Standard error 5 .33 .29 .48 .42 .21 .46 .39 .30 Interquartile range 6 75th percentile 7.19 7.50 7.38 7.00 5.64 5.90 5.89 7.47 25th percentile 4.21 6.75 3.30 3.56 4.33 4.59 4.25 6.14 Purpose of loan Feeder livestock 5.68 6.74 4.97 6.69 5.22 4.51 5.76 6.39 Other livestock 5.45 5.11 7.12 4.71 4.54 4.22 6.75 6.85 Other current operating expenses 7 6.15 6.98 6.54 5.76 5.50 6.06 5.58 7.30 Farm machinery and equipment 7.11 9.10 6.60 6.85 6.27 n.a. 8.11 7.40 Farm real estate 5.87 5.93 6.07 5.26 5.42 7.50 4.38 6.19 Other 8 4.29 6.23 3.57 4.13 4.85 4.48 4.09 6.06 Share of total loan volume Features of loan Floating rates 80.33 76.13 77.74 81.68 94.66 92.42 93.11 26.78 Under commitment 79.76 80.61 76.91 82.93 90.54 99.74 81.14 30.96 Callable 12.16 15.65 11.07 12.50 12.10 .95 1.86 27.67 Subject to prepayment penalty 2.67 .34 .49 7.14 1.40 4.47 2.31 n.a. Purpose of loan Feeder livestock 12.20 5.36 18.10 9.34 11.56 3.12 18.31 16.49 Other livestock 10.37 4.98 10.54 12.07 12.98 6.65 2.27 15.04 Other current operating expenses 7 42.73 76.54 26.12 48.79 38.51 60.47 27.32 38.26 Farm machinery and equipment 2.58 .64 2.44 3.65 .99 7.77 5.62 n.a. Farm real estate 6.79 8.29 13.70 1.64 4.37 .01 2.99 18.65 Other 8 25.33 4.19 29.10 24.52 31.59 29.76 44.01 5.80 Type of collateral Farm real estate 10.24 6.98 15.04 5.36 8.56 1.92 18.68 19.14 Other 82.61 92.11 82.59 83.83 79.58 92.01 74.90 76.69 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16