A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 5-9, 2003 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,095,971 90,597 182,827 352,272 191,202 56,655 65,653 156,766 Number of loans 38,582 2,940 6,345 13,264 6,186 1,286 1,842 6,718 Weighted average maturity (months) 1 27.01 19.00 26.68 25.51 27.52 17.63 17.95 41.07 Weighted average repricing interval (months) 2 10.80 13.76 6.90 9.92 3.77 2.91 6.32 28.43 Weighted average risk rating 3 2.93 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.04 6.76 6.48 5.72 5.53 6.72 5.18 6.56 Standard error 5 .12 .26 .21 .32 .43 .33 .44 .15 Interquartile range 6 75th percentile 7.14 8.11 7.38 6.97 6.50 7.50 6.61 7.28 25th percentile 5.05 6.25 5.39 4.55 4.33 5.90 3.62 5.90 Purpose of loan Feeder livestock 5.64 6.19 6.86 4.55 5.30 5.63 5.43 6.07 Other livestock 5.71 4.49 6.79 5.20 4.64 6.31 7.51 6.62 Other current operating expenses 7 6.37 6.95 6.54 6.23 5.90 6.71 5.51 6.64 Farm machinery and equipment 6.18 8.43 6.96 5.79 5.14 7.46 6.89 6.75 Farm real estate 6.50 5.84 6.64 6.56 6.61 6.55 6.08 6.21 Other 8 5.24 6.38 5.99 4.69 4.71 6.17 4.35 6.39 Share of total loan volume Features of loan Floating rates 64.12 38.31 53.87 68.02 91.59 84.92 74.94 36.67 Under commitment 67.75 71.47 66.41 63.23 89.65 81.42 74.97 42.60 Callable 21.33 14.35 21.57 25.83 13.89 9.73 17.00 30.05 Subject to prepayment penalty 2.08 .21 .62 3.77 3.99 .50 .43 n.a. Purpose of loan Feeder livestock 8.70 6.17 17.21 10.83 3.83 7.05 2.92 4.45 Other livestock 7.38 3.88 11.20 7.22 9.09 2.36 2.70 7.02 Other current operating expenses 7 47.76 78.74 38.61 41.02 49.51 34.76 40.03 61.52 Farm machinery and equipment 7.89 .96 .61 8.42 11.19 29.03 3.87 9.20 Farm real estate 9.31 .48 4.54 15.44 8.51 6.90 8.89 8.19 Other 8 18.95 9.77 27.84 17.07 17.87 19.90 41.59 9.61 Type of collateral Farm real estate 22.33 33.19 23.32 26.32 12.48 16.69 19.13 21.28 Other 71.13 63.89 71.89 64.09 82.20 82.69 69.90 73.11 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16