A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 6-10, 2006 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,424,592 105,152 240,300 639,335 243,853 82,325 38,390 75,238 Number of loans 31,597 2,906 5,020 14,278 4,626 1,088 1,431 2,248 Weighted average maturity (months) 1 17.35 17.85 14.49 18.50 17.60 15.69 19.49 15.72 Weighted average repricing interval (months) 2 6.47 8.78 6.89 6.74 3.88 5.84 10.71 6.59 Weighted average risk rating 3 2.97 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.98 7.68 8.11 7.89 8.02 8.47 8.22 7.90 Standard error 5 .07 .19 .14 .19 .18 .21 .20 .27 Interquartile range 6 75th percentile 8.68 8.34 8.66 8.60 8.57 8.68 8.95 8.51 25th percentile 7.41 6.75 7.64 7.35 7.41 7.79 7.50 7.07 Purpose of loan Feeder livestock 7.96 7.98 8.14 7.72 8.14 9.24 8.25 8.17 Other livestock 8.03 7.40 8.29 8.04 8.01 8.34 8.70 7.98 Other current operating expenses 7 8.14 7.50 8.12 8.13 8.26 8.49 8.07 8.30 Farm machinery and equipment 8.06 8.20 8.48 7.93 8.45 7.69 8.72 9.25 Farm real estate 7.68 7.28 7.31 8.13 6.86 n.a. 8.61 7.65 Other 8 7.40 8.33 8.30 6.97 7.58 8.48 8.05 7.35 Share of total loan volume Features of loan Floating rates 68.05 24.36 56.52 75.52 87.34 62.89 33.46 63.31 Under commitment 72.85 49.50 61.17 78.40 86.75 62.90 74.81 60.56 Callable 25.04 29.39 20.84 27.61 13.08 35.93 30.11 34.80 Subject to prepayment penalty 3.06 8.70 .91 4.79 .24 .46 1.65 n.a. Purpose of loan Feeder livestock 7.59 21.03 9.17 6.41 4.78 .38 13.37 7.75 Other livestock 8.71 12.02 8.18 5.78 18.10 .55 13.90 6.62 Other current operating expenses 7 57.45 46.88 69.30 57.28 47.02 84.09 58.33 40.01 Farm machinery and equipment 6.11 2.17 2.45 10.34 3.10 1.80 4.04 2.88 Farm real estate 4.09 7.52 6.04 4.27 2.12 n.a. 2.20 3.29 Other 8 16.06 10.37 4.87 15.93 24.89 13.17 8.17 39.45 Type of collateral Farm real estate 9.88 17.73 10.25 10.72 7.67 4.49 2.54 7.44 Other 86.23 81.50 87.44 84.47 87.69 93.48 94.22 87.12 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16