A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 2-6, 2004 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,590,198 139,614 221,099 461,222 348,834 65,544 150,733 203,152 Number of loans 33,697 3,230 5,676 11,337 6,805 1,229 1,206 4,214 Weighted average maturity (months) 1 19.83 26.49 18.20 18.22 18.36 18.60 30.48 16.11 Weighted average repricing interval (months) 2 5.97 8.59 5.73 6.24 6.19 3.19 5.73 4.48 Weighted average risk rating 3 2.98 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 5.42 6.02 5.46 5.37 5.21 5.18 4.99 5.81 Standard error 5 .14 .30 .30 .22 .12 .49 .42 .32 Interquartile range 6 75th percentile 6.50 6.98 6.46 6.43 6.45 7.27 6.50 6.75 25th percentile 4.08 5.06 4.08 4.07 4.07 3.30 3.30 5.12 Purpose of loan Feeder livestock 5.21 5.55 3.95 5.62 4.46 4.00 6.30 6.93 Other livestock 5.89 5.08 5.98 5.51 4.89 3.73 5.80 7.09 Other current operating expenses 7 5.66 6.36 5.68 5.65 5.39 5.58 5.41 6.04 Farm machinery and equipment 5.47 5.87 5.84 4.54 6.47 3.35 6.06 6.53 Farm real estate 5.89 5.14 6.30 6.08 5.25 n.a. 6.24 6.78 Other 8 4.46 3.18 4.74 4.67 4.39 4.03 2.94 4.96 Share of total loan volume Features of loan Floating rates 68.94 48.39 69.82 64.14 73.43 94.34 75.07 72.54 Under commitment 70.61 66.42 73.13 77.38 66.71 72.06 51.74 75.63 Callable 23.09 34.22 26.41 29.33 13.67 5.73 7.18 31.25 Subject to prepayment penalty 4.82 3.19 3.13 7.47 1.07 .03 16.81 .80 Purpose of loan Feeder livestock 6.56 14.85 12.54 3.45 5.12 1.58 .18 10.20 Other livestock 6.82 4.14 12.15 4.93 4.66 3.59 4.72 13.42 Other current operating expenses 7 55.24 66.48 53.50 61.12 64.78 76.32 42.06 22.68 Farm machinery and equipment 8.23 3.09 7.99 11.32 5.81 2.96 17.34 4.10 Farm real estate 4.54 10.72 4.72 3.41 2.94 n.a. 10.05 2.77 Other 8 18.62 .71 9.10 15.77 16.69 15.56 25.66 46.83 Type of collateral Farm real estate 13.01 7.82 18.95 11.89 14.28 26.46 3.52 13.14 Other 78.72 87.18 79.73 75.27 81.42 73.29 73.36 80.68 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16