A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, November 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) 317,311 56,553 107,384 76,657 23,748 1,013 17,136 34,821 Number of loans 8,816 1,606 2,190 2,398 954 79 435 1,154 Weighted average maturity (months) 1 27.53 12.37 10.18 39.88 76.30 11.87 67.63 26.57 Weighted average repricing interval (months) 2 14.97 7.24 4.44 23.94 54.10 .67 24.80 9.19 Weighted average risk rating 3 2.27 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.82 8.73 8.86 8.76 8.78 9.72 9.51 8.64 Standard error 5 .11 .34 .17 .17 .25 .57 .29 .21 Interquartile range 6 75th percentile 9.30 9.96 9.19 9.31 9.31 10.08 10.47 9.25 25th percentile 8.17 7.95 8.68 8.17 8.25 8.95 9.14 8.16 Purpose of loan Feeder livestock 8.74 8.55 8.95 8.82 9.04 n.a. 9.42 7.64 Other livestock 8.88 8.27 n.a. 8.98 8.91 n.a. 9.07 8.89 Other current operating expenses 7 9.05 9.13 8.89 9.15 9.69 9.72 9.15 8.97 Farm machinery and equipment 8.53 9.42 7.57 9.32 9.29 n.a. 8.61 8.90 Farm real estate 8.27 7.47 8.44 8.14 8.25 n.a. 9.15 8.80 Other 8 9.16 9.38 8.50 8.74 8.43 n.a. 10.47 8.51 Share of total loan volume Features of loan Floating rates 50.98 50.72 65.77 40.43 46.94 100.00 59.11 26.36 Under commitment 62.04 62.16 72.10 71.99 39.50 100.00 50.43 28.93 Callable 15.10 28.67 11.62 11.27 17.69 n.a. 8.14 14.36 Subject to prepayment penalty 2.02 n.a. .52 3.71 12.71 n.a. n.a. n.a. Purpose of loan Feeder livestock 26.85 34.44 39.55 15.17 15.72 n.a. 5.48 19.95 Other livestock 15.72 15.01 17.47 17.85 10.70 n.a. 11.68 12.61 Other current operating expenses 7 34.90 41.31 35.22 29.43 17.56 100.00 26.73 49.49 Farm machinery and equipment 4.50 4.28 5.81 3.78 5.82 n.a. 1.90 2.92 Farm real estate 13.41 4.80 1.61 29.75 36.27 n.a. 27.13 5.86 Other 8 4.63 .15 .34 4.03 13.93 n.a. 27.09 9.18 Type of collateral Farm real estate 24.65 .65 16.15 43.05 51.25 n.a. 55.12 16.90 Other 74.53 98.53 83.19 55.59 47.65 n.a. n.a. n.a. _________________________________________________________________________________________________________________________________ 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