A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, February 5-9, 2007 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,559,577 170,516 202,679 532,345 362,727 77,416 16,618 197,277 Number of loans 24,902 2,521 3,903 9,693 4,191 730 456 3,408 Weighted average maturity (months) 1 22.13 14.19 24.63 21.69 19.70 14.87 12.46 36.73 Weighted average repricing interval (months) 2 7.89 6.46 12.21 8.52 2.56 1.28 9.83 15.33 Weighted average risk rating 3 2.98 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.57 8.31 8.73 8.62 8.38 8.97 8.11 8.67 Standard error 5 .10 .22 .09 .11 .22 .46 .39 .22 Interquartile range 6 75th percentile 9.31 8.87 9.38 9.46 9.14 9.73 8.59 9.42 25th percentile 7.88 7.75 7.95 8.18 7.57 8.04 7.50 8.00 Purpose of loan Feeder livestock 8.93 8.45 8.99 9.26 8.89 8.84 8.70 8.58 Other livestock 8.61 7.76 9.03 8.79 8.44 7.55 8.61 9.60 Other current operating expenses 7 8.69 8.27 8.76 8.68 8.70 9.19 9.24 8.86 Farm machinery and equipment 8.93 8.79 9.17 8.69 9.36 n.a. 10.47 8.99 Farm real estate 8.42 8.08 8.11 8.67 7.36 n.a. 9.58 8.46 Other 8 8.06 8.86 8.26 7.88 8.10 8.61 7.81 7.84 Share of total loan volume Features of loan Floating rates 64.59 42.07 50.27 60.84 85.81 89.91 24.79 63.28 Under commitment 68.54 75.24 72.40 65.28 85.19 80.17 27.91 35.84 Callable 27.13 21.06 32.99 29.08 17.46 48.92 12.91 31.55 Subject to prepayment penalty 1.91 1.72 .15 3.37 1.26 1.49 n.a. 1.44 Purpose of loan Feeder livestock 7.30 15.96 10.08 9.12 1.55 .11 3.37 5.77 Other livestock 8.68 4.25 10.95 4.19 19.04 6.19 2.89 4.73 Other current operating expenses 7 53.40 70.54 55.43 60.29 29.83 73.59 13.43 56.72 Farm machinery and equipment 4.70 4.71 4.63 5.49 2.79 n.a. 1.50 8.23 Farm real estate 4.34 2.90 5.49 6.91 1.25 n.a. .49 5.21 Other 8 21.57 1.66 13.42 14.00 45.52 20.10 78.33 19.34 Type of collateral Farm real estate 14.44 6.63 16.85 10.98 16.21 5.18 55.86 24.97 Other 82.93 87.65 81.44 86.54 82.55 94.82 38.06 70.43 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16