A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, August 4-8, 2003 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,013,946 49,215 160,403 319,585 270,586 80,640 38,849 94,669 Number of loans 32,794 2,645 5,194 11,557 6,571 1,443 1,189 4,195 Weighted average maturity (months) 1 32.04 9.58 55.67 25.52 24.25 12.55 22.05 67.59 Weighted average repricing interval (months) 2 6.56 2.28 5.20 6.28 2.74 .45 3.07 29.44 Weighted average risk rating 3 3.20 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.34 5.44 5.57 5.47 4.46 6.07 5.30 6.41 Standard error 5 .11 .44 .20 .16 .22 .31 .50 .23 Interquartile range 6 75th percentile 6.50 6.55 6.61 6.82 5.12 7.76 6.18 7.25 25th percentile 4.07 3.87 4.60 4.07 3.55 4.85 4.07 5.62 Purpose of loan Feeder livestock 4.87 4.86 4.54 6.80 3.63 4.63 4.65 6.61 Other livestock 5.57 5.69 5.31 6.45 4.26 4.66 7.89 7.70 Other current operating expenses 7 5.42 5.53 6.16 5.53 4.59 5.50 5.60 6.20 Farm machinery and equipment 6.12 6.81 6.68 6.48 4.60 7.69 6.06 6.72 Farm real estate 6.12 n.a. 5.84 6.16 5.21 n.a. 6.54 6.83 Other 8 4.65 6.52 4.66 4.19 4.50 6.76 4.03 5.39 Share of total loan volume Features of loan Floating rates 76.68 69.21 57.89 74.70 96.85 97.89 76.43 43.51 Under commitment 70.41 84.80 64.55 69.49 84.79 85.19 48.60 31.24 Callable 15.07 16.42 24.75 19.86 5.27 13.37 .60 17.15 Subject to prepayment penalty 4.48 .94 1.14 3.54 11.00 2.51 n.a. n.a. Purpose of loan Feeder livestock 12.62 37.36 21.75 8.04 14.00 5.32 1.40 6.67 Other livestock 6.76 14.40 16.04 5.89 4.16 3.14 1.17 2.78 Other current operating expenses 7 42.83 36.40 39.51 43.51 44.00 51.48 46.80 37.12 Farm machinery and equipment 8.14 8.03 .84 8.44 8.99 15.32 14.18 8.55 Farm real estate 10.45 n.a. 19.01 8.03 6.12 n.a. 7.88 31.84 Other 8 19.21 3.81 2.84 26.09 22.74 24.74 28.57 13.05 Type of collateral Farm real estate 17.06 4.10 24.91 13.95 12.47 17.41 7.94 37.52 Other 77.09 94.68 70.74 76.75 86.03 80.98 86.75 47.04 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16