A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, 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) 997,615 21,815 52,071 608,833 268,438 15,620 10,072 20,765 Number of loans 19,594 404 1,870 10,899 4,583 782 123 933 Weighted average maturity (months) 1 16.47 8.88 11.43 16.70 10.37 10.34 230.62 10.18 Weighted average repricing interval (months) 2 5.57 7.31 7.19 6.76 .34 4.28 70.93 2.33 Weighted average risk rating 3 3.21 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.49 6.01 6.65 6.40 6.60 7.89 7.72 6.32 Standard error 5 .21 .47 .18 .27 .26 .33 .17 .36 Interquartile range 6 75th percentile 7.23 6.61 7.09 7.23 7.12 8.56 7.76 7.06 25th percentile 5.90 5.39 6.18 5.38 6.17 6.96 7.76 5.51 Purpose of loan Feeder livestock 6.34 7.11 6.03 6.41 6.11 7.79 n.a. n.a. Other livestock 6.69 5.37 6.52 6.88 6.24 8.43 8.58 7.14 Other current operating expenses 7 6.82 5.64 6.89 6.80 6.84 8.02 8.00 6.60 Farm machinery and equipment 6.79 n.a. 7.15 6.80 6.74 7.47 6.63 7.58 Farm real estate 7.07 n.a. 7.05 6.95 6.99 n.a. 7.79 6.05 Other 8 5.66 6.08 6.37 5.26 6.27 7.52 7.24 6.14 Share of total loan volume Features of loan Floating rates 80.14 16.21 45.91 78.38 96.24 76.43 79.50 79.58 Under commitment 84.29 99.26 77.01 80.32 95.74 79.86 12.73 93.21 Callable 22.84 77.96 58.99 23.74 6.59 11.82 84.18 36.40 Subject to prepayment penalty 2.78 14.27 n.a. 3.93 .15 1.54 n.a. .41 Purpose of loan Feeder livestock 3.61 23.67 19.97 2.20 2.63 .10 n.a. n.a. Other livestock 10.41 19.33 4.77 12.23 8.12 2.29 3.21 1.03 Other current operating expenses 7 36.31 39.40 56.22 34.38 36.34 69.86 .88 31.02 Farm machinery and equipment 17.14 n.a. 2.11 17.31 23.66 2.56 2.07 1.78 Farm real estate 6.13 n.a. 4.50 7.18 2.43 n.a. 81.05 1.88 Other 8 26.40 17.60 12.44 26.69 26.82 25.20 12.80 64.28 Type of collateral Farm real estate 6.89 n.a. 9.07 7.00 3.71 11.76 84.15 5.39 Other 88.32 96.14 83.03 89.40 89.42 88.20 15.80 82.52 ________________________________________________________________________________________________________________________________ Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans. For explanation of footnotes, see table A.8. n.a. Not available. 17