A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 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) 1,157,387 57,795 155,039 377,298 294,749 59,900 43,776 168,830 Number of loans 32,144 2,878 4,906 11,227 6,539 1,369 1,392 3,833 Weighted average maturity (months) 1 19.38 12.97 30.78 20.95 13.05 23.59 18.60 17.37 Weighted average repricing interval (months) 2 4.59 8.13 5.12 5.05 1.89 .85 9.11 6.98 Weighted average risk rating 3 3.15 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.04 6.16 5.91 4.94 4.32 5.17 4.30 5.46 Standard error 5 .15 .30 .16 .23 .14 .14 .77 .28 Interquartile range 6 75th percentile 6.18 7.14 6.52 6.43 5.06 6.17 6.30 6.16 25th percentile 3.82 5.11 5.51 3.55 3.30 3.82 2.46 4.04 Purpose of loan Feeder livestock 4.69 6.39 6.22 4.13 3.45 5.01 6.27 5.93 Other livestock 5.44 5.78 5.68 5.67 3.93 4.20 6.01 7.51 Other current operating expenses 7 5.19 5.91 5.79 5.33 4.84 5.01 5.24 4.78 Farm machinery and equipment 5.85 7.16 6.55 5.54 4.63 7.13 6.65 7.23 Farm real estate 6.00 5.96 6.15 5.89 5.61 6.43 6.20 5.93 Other 8 4.31 3.96 4.84 4.09 4.16 5.75 3.15 5.05 Share of total loan volume Features of loan Floating rates 75.30 37.30 61.64 83.65 96.24 98.22 57.89 42.02 Under commitment 77.52 49.29 71.01 80.40 95.13 95.14 81.30 48.76 Callable 20.46 16.46 24.73 17.85 11.43 8.40 7.12 47.22 Subject to prepayment penalty 2.79 .60 10.18 2.24 2.26 .68 .51 .22 Purpose of loan Feeder livestock 18.31 34.78 20.15 18.71 20.89 3.01 2.63 15.10 Other livestock 10.05 8.06 19.54 7.38 10.18 8.26 3.24 10.18 Other current operating expenses 7 41.35 39.27 35.90 46.22 38.05 65.43 23.81 37.96 Farm machinery and equipment 5.88 8.60 6.91 6.36 5.66 .18 8.05 4.81 Farm real estate 5.31 8.39 13.17 3.73 3.46 8.56 6.33 2.41 Other 8 19.09 .91 4.34 17.61 21.76 14.56 55.94 29.53 Type of collateral Farm real estate 8.65 9.77 16.54 7.70 3.62 14.61 11.26 9.16 Other 86.28 87.20 80.04 83.96 95.07 83.89 58.67 89.55 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16