A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, 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) 418,402 98,603 105,232 62,494 14,081 5,043 55,229 77,719 Number of loans 17,663 3,097 4,091 4,991 1,399 116 442 3,528 Weighted average maturity (months) 1 37.99 14.71 97.47 13.94 12.48 9.63 21.75 23.14 Weighted average repricing interval (months) 2 10.58 2.56 19.58 4.78 2.77 9.00 1.06 21.28 Weighted average risk rating 3 2.03 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.90 7.14 6.74 7.51 7.76 7.31 5.77 6.91 Standard error 5 .19 .15 .22 .23 .28 1.04 1.05 .34 Interquartile range 6 75th percentile 7.64 7.50 7.64 8.78 8.23 7.54 5.89 7.64 25th percentile 5.89 7.25 5.64 6.75 7.38 7.54 5.76 6.14 Purpose of loan Feeder livestock 6.83 6.77 6.67 9.02 7.81 n.a. 5.76 6.38 Other livestock 7.26 6.43 n.a. 7.49 7.29 n.a. 6.84 6.98 Other current operating expenses 7 7.10 7.21 6.81 7.26 7.73 7.31 6.14 7.40 Farm machinery and equipment 7.54 10.14 6.98 7.26 8.28 n.a. 8.12 7.45 Farm real estate 6.17 6.91 6.02 5.92 n.a. n.a. n.a. 6.17 Other 8 5.64 7.06 8.23 7.49 7.70 n.a. 4.31 8.27 Share of total loan volume Features of loan Floating rates 63.17 81.01 66.80 59.12 81.79 12.33 89.89 19.82 Under commitment 57.45 82.97 55.02 44.96 80.56 100.00 72.07 21.07 Callable 11.26 10.06 7.95 14.09 22.00 25.91 28.24 n.a. Subject to prepayment penalty .55 .10 .18 3.24 n.a. n.a. n.a. n.a. Purpose of loan Feeder livestock 16.11 6.04 14.30 15.34 41.93 329.33 25.85 n.a. Other livestock 9.87 3.03 18.30 8.88 2.11 38.87 20.32 n.a. Other current operating expenses 7 51.35 80.91 34.47 62.40 45.27 100.00 33.73 38.26 Farm machinery and equipment 4.52 .30 2.57 9.92 1.88 91.74 8.74 n.a. Farm real estate 12.90 6.65 27.73 2.96 116.37 n.a. n.a. n.a. Other 8 5.26 3.06 2.63 .51 8.81 265.77 2.30 n.a. Type of collateral Farm real estate 18.22 7.16 28.80 10.19 27.03 239.86 30.02 n.a. Other 80.13 91.96 69.95 85.51 67.92 100.00 78.10 76.94 _________________________________________________________________________________________________________________________________ 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