A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, May 1-5, 2006 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,752,293 104,565 183,281 931,164 234,675 51,823 138,479 108,306 Number of loans 32,220 2,745 4,917 14,018 4,066 1,105 2,701 2,668 Weighted average maturity (months) 1 18.94 13.27 27.47 16.34 18.18 15.98 21.09 34.06 Weighted average repricing interval (months) 2 6.15 7.73 10.04 5.42 1.79 10.38 8.98 7.98 Weighted average risk rating 3 2.96 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.09 7.83 8.43 7.94 8.44 8.44 8.19 8.00 Standard error 5 .11 .27 .20 .17 .20 .42 .20 .16 Interquartile range 6 75th percentile 8.78 8.48 9.00 8.57 9.14 9.11 8.57 8.75 25th percentile 7.50 7.12 7.77 7.54 7.75 7.04 7.75 7.25 Purpose of loan Feeder livestock 8.15 8.34 8.10 8.08 8.57 8.49 8.21 7.56 Other livestock 8.32 7.95 8.71 8.09 8.48 7.92 7.87 8.86 Other current operating expenses 7 8.38 8.01 8.53 8.40 8.44 8.42 8.34 8.21 Farm machinery and equipment 8.03 8.18 8.38 7.88 9.09 9.94 8.52 8.92 Farm real estate 7.97 7.15 8.07 7.96 9.23 8.67 7.73 7.31 Other 8 7.54 6.63 8.38 7.11 8.07 8.43 8.02 7.78 Share of total loan volume Features of loan Floating rates 73.01 43.97 57.30 77.01 93.85 77.65 52.43 72.26 Under commitment 79.52 74.59 74.04 80.85 82.52 91.71 77.33 72.56 Callable 22.71 23.31 26.40 21.59 19.44 9.17 24.71 36.49 Subject to prepayment penalty 1.01 n.a. n.a. 1.64 .95 n.a. .16 n.a. Purpose of loan Feeder livestock 6.16 8.72 7.98 4.78 8.48 1.13 4.76 11.55 Other livestock 7.02 9.88 8.43 4.21 17.32 3.81 5.13 7.70 Other current operating expenses 7 41.51 60.25 57.04 38.15 33.32 78.21 43.12 24.18 Farm machinery and equipment 18.21 2.64 4.88 28.63 7.92 2.75 9.69 6.93 Farm real estate 5.19 10.01 11.68 3.57 4.18 .05 7.98 4.51 Other 8 21.91 8.51 9.99 20.66 28.78 14.05 29.32 45.13 Type of collateral Farm real estate 12.24 6.29 10.75 11.29 9.28 15.71 14.65 30.31 Other 84.31 83.19 86.29 86.04 86.97 78.49 82.70 66.20 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16