A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 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) 327,516 32,194 86,118 130,201 11,223 1,730 10,100 55,949 Number of loans 16,722 2,064 5,116 4,186 625 133 841 3,755 Weighted average maturity (months) 1 21.64 15.23 22.59 20.02 36.73 8.03 15.74 27.00 Weighted average repricing interval (months) 2 11.09 9.40 13.77 11.17 2.36 1.79 15.12 9.04 Weighted average risk rating 3 2.48 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.51 6.61 6.74 6.11 6.46 7.30 7.15 6.93 Standard error 5 .17 .24 .19 .36 .34 .10 .32 .12 Interquartile range 6 75th percentile 7.38 7.20 7.79 7.02 6.90 9.19 8.06 7.38 25th percentile 5.90 6.18 6.00 5.38 5.90 5.56 6.34 6.25 Purpose of loan Feeder livestock 6.34 6.61 5.82 5.86 6.59 n.a. 6.02 7.14 Other livestock 6.99 6.25 n.a. 6.23 6.23 n.a. 7.90 7.11 Other current operating expenses 7 6.71 6.88 6.82 6.41 6.36 7.30 6.76 7.07 Farm machinery and equipment 6.70 5.44 6.59 6.96 7.16 n.a. 7.91 6.52 Farm real estate 5.24 6.00 5.43 4.78 7.02 n.a. n.a. 6.74 Other 8 5.28 n.a. 4.33 4.92 n.a. n.a. 8.25 6.65 Share of total loan volume Features of loan Floating rates 42.45 36.53 56.92 37.15 82.07 72.71 1.28 34.45 Under commitment 55.49 40.79 44.96 70.40 61.81 66.45 3.40 53.24 Callable 21.26 10.98 10.43 26.05 38.76 n.a. 3.89 33.00 Subject to prepayment penalty .43 4.33 n.a. n.a. n.a. n.a. n.a. n.a. Purpose of loan Feeder livestock 3.26 .41 2.44 2.99 4.53 n.a. 4.51 6.44 Other livestock 14.35 2.80 15.09 15.90 8.27 n.a. 9.01 18.86 Other current operating expenses 7 53.59 77.11 61.42 43.51 72.81 100.00 60.30 44.92 Farm machinery and equipment 13.36 13.44 3.71 15.53 6.78 n.a. 21.44 23.40 Farm real estate 10.16 6.23 16.83 11.68 7.61 n.a. n.a. 1.26 Other 8 5.29 n.a. .50 10.40 n.a. n.a. 4.75 5.13 Type of collateral Farm real estate 17.05 4.33 25.59 16.53 48.98 5.16 8.84 7.90 Other 77.28 95.14 72.71 73.70 50.79 94.84 83.87 85.97 ________________________________________________________________________________________________________________________________ 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