A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, 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) 543,113 111,231 79,791 220,108 39,890 364 4,249 87,481 Number of loans 8,305 1,583 1,863 2,213 859 32 381 1,373 Weighted average maturity (months) 1 23.65 16.19 32.65 20.71 12.95 5.23 15.00 37.71 Weighted average repricing interval (months) 2 12.45 8.32 17.32 12.77 7.94 .00 12.06 14.56 Weighted average risk rating 3 2.42 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.75 8.24 8.85 8.76 9.11 10.01 9.43 9.06 Standard error 5 .14 .22 .25 .12 .35 n.a. .42 .27 Interquartile range 6 75th percentile 9.42 9.00 9.25 9.50 9.75 10.01 9.68 9.42 25th percentile 8.26 7.75 8.70 8.75 8.75 10.01 8.78 8.75 Purpose of loan Feeder livestock 9.06 8.41 7.85 9.49 9.72 n.a. 8.70 8.91 Other livestock 8.93 7.59 n.a. 9.59 8.84 n.a. 8.61 9.47 Other current operating expenses 7 8.67 8.23 8.85 8.54 9.11 10.01 9.24 9.08 Farm machinery and equipment 9.03 8.25 9.30 8.93 9.34 n.a. 10.47 9.26 Farm real estate 8.50 8.00 7.70 8.90 n.a. n.a. n.a. 8.86 Other 8 8.95 11.02 9.14 9.05 7.89 n.a. 10.75 8.28 Share of total loan volume Features of loan Floating rates 35.61 29.91 47.15 27.78 41.40 100.00 30.23 49.39 Under commitment 50.53 70.19 60.48 49.96 79.15 100.00 42.44 5.03 Callable 32.23 16.54 27.54 46.73 27.47 100.00 47.61 21.10 Subject to prepayment penalty .79 2.63 n.a. .57 .32 n.a. n.a. n.a. Purpose of loan Feeder livestock 12.43 21.26 1.15 16.87 5.01 n.a. 13.17 3.71 Other livestock 4.84 5.10 9.92 2.33 3.29 n.a. 11.30 6.58 Other current operating expenses 7 70.60 65.02 67.24 71.99 81.78 100.00 52.29 72.97 Farm machinery and equipment 4.72 4.00 7.56 3.12 7.21 n.a. 5.86 5.88 Farm real estate 4.66 4.24 5.92 4.61 n.a. n.a. n.a. 6.57 Other 8 2.75 .38 8.21 1.09 2.71 n.a. 17.38 4.28 Type of collateral Farm real estate 13.57 8.62 28.60 6.60 7.62 n.a. n.a. 27.14 Other 84.25 84.37 70.64 93.22 91.83 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