A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, February 3-7, 2003 Percent except as noted _________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported _________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 681,410 113,790 171,471 143,801 45,384 31,402 24,781 150,781 Number of loans 20,626 3,425 5,689 4,872 1,427 929 742 3,543 Weighted average maturity (months) 1 34.10 35.96 32.94 34.30 51.47 18.14 23.27 34.54 Weighted average repricing interval (months) 2 12.71 21.63 7.97 14.89 7.89 .46 10.95 13.52 Weighted average risk rating 3 2.42 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.54 6.49 6.65 6.76 6.35 6.58 6.86 6.26 Standard error 5 .14 .52 .20 .23 .53 .52 .50 .28 Interquartile range 6 75th percentile 7.38 7.50 7.25 7.50 7.75 6.45 8.06 7.23 25th percentile 5.75 5.30 6.00 6.00 4.84 6.45 6.50 5.50 Purpose of loan Feeder livestock 6.51 5.85 6.67 6.99 n.a. 6.64 7.92 6.00 Other livestock 6.86 6.49 n.a. 7.06 7.63 n.a. 7.97 6.31 Other current operating expenses 7 6.54 6.12 6.77 7.03 6.43 6.57 7.08 6.19 Farm machinery and equipment 6.80 6.38 6.60 6.86 7.46 n.a. 7.23 6.91 Farm real estate 6.33 7.65 5.88 5.12 7.75 n.a. 4.81 5.79 Other 8 6.41 7.26 6.50 6.77 4.81 n.a. n.a. 6.70 Share of total loan volume Features of loan Floating rates 58.60 38.41 65.29 62.62 77.13 95.37 34.73 53.08 Under commitment 45.63 21.37 59.60 53.12 58.01 16.89 38.64 44.32 Callable 28.70 43.43 21.39 17.15 1.21 91.25 7.20 35.69 Subject to prepayment penalty .23 1.34 .01 n.a. n.a. n.a. n.a. n.a. Purpose of loan Feeder livestock 9.01 7.51 13.90 4.99 9.25 10.95 57.29 n.a. Other livestock 4.61 4.07 4.21 2.61 3.27 9.12 46.31 n.a. Other current operating expenses 7 50.54 58.87 50.94 41.61 42.52 86.63 39.15 49.09 Farm machinery and equipment 12.80 5.57 18.28 11.26 10.49 11.92 100.20 n.a. Farm real estate 13.00 21.32 10.31 9.11 16.38 16.04 84.98 n.a. Other 8 10.04 2.66 2.35 30.43 27.34 16.56 n.a. n.a. Type of collateral Farm real estate 24.15 41.86 14.84 33.42 16.38 7.42 12.15 20.35 Other 72.63 56.99 77.40 63.28 82.53 91.86 84.24 79.03 _________________________________________________________________________________________________________________________________ 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