A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, August 1-5, 2005 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,293,796 67,728 122,717 679,772 281,279 15,897 43,022 83,382 Number of loans 31,569 1,817 5,260 14,088 5,207 821 1,601 2,774 Weighted average maturity (months) 1 24.14 93.73 21.32 21.33 10.31 10.28 76.69 15.40 Weighted average repricing interval (months) 2 6.98 8.28 11.55 7.26 .58 4.30 30.25 7.02 Weighted average risk rating 3 3.05 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.77 7.25 7.22 6.55 6.68 7.90 7.70 7.10 Standard error 5 .22 .58 .15 .28 .26 .31 .14 .21 Interquartile range 6 75th percentile 7.60 8.03 8.50 7.59 7.23 8.56 7.93 7.51 25th percentile 6.13 6.52 6.29 5.64 6.17 6.96 7.42 6.54 Purpose of loan Feeder livestock 7.00 7.23 6.22 6.64 6.45 7.79 8.82 7.58 Other livestock 6.83 6.42 7.25 6.94 6.24 8.43 7.51 7.46 Other current operating expenses 7 7.11 7.27 7.44 6.95 7.01 8.04 7.74 7.10 Farm machinery and equipment 6.93 n.a. 8.39 6.84 6.75 7.47 7.36 7.81 Farm real estate 7.15 4.75 6.90 7.19 6.99 n.a. 7.54 7.86 Other 8 5.89 7.71 6.22 5.32 6.27 7.52 7.91 6.25 Share of total loan volume Features of loan Floating rates 74.26 51.66 43.07 77.77 94.14 75.60 32.75 64.04 Under commitment 74.60 60.20 76.57 75.99 93.54 79.71 19.91 35.34 Callable 20.75 25.11 26.94 21.89 6.33 11.61 25.50 46.75 Subject to prepayment penalty 2.39 4.60 n.a. 3.54 .14 1.51 n.a. 3.66 Purpose of loan Feeder livestock 5.87 11.27 11.91 2.43 3.00 .10 6.47 31.09 Other livestock 9.12 8.65 6.08 11.42 7.75 2.25 3.86 3.82 Other current operating expenses 7 38.46 41.53 60.56 34.53 38.40 69.89 37.44 30.20 Farm machinery and equipment 15.13 n.a. 7.42 16.22 22.93 2.51 11.73 7.78 Farm real estate 8.00 3.73 5.92 10.62 2.32 n.a. 32.88 1.03 Other 8 23.42 34.82 8.11 24.78 25.60 25.26 7.61 26.08 Type of collateral Farm real estate 12.41 34.35 12.33 11.46 4.90 12.80 38.11 14.40 Other 83.50 64.41 83.39 85.26 88.55 87.16 61.40 78.53 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16