A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 7-11, 2007 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 359,873 58,377 56,103 132,362 18,952 18,928 18,467 56,685 Number of loans 11,901 2,019 2,799 3,280 893 154 638 2,118 Weighted average maturity (months) 1 22.18 15.97 10.71 24.93 77.32 17.94 38.36 11.45 Weighted average repricing interval (months) 2 10.57 7.71 5.54 11.80 15.98 17.70 18.40 8.94 Weighted average risk rating 3 2.59 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 9.04 8.61 9.18 9.00 9.63 9.05 9.88 8.93 Standard error 5 .07 .16 .14 .13 .21 .45 .22 .32 Interquartile range 6 75th percentile 9.50 8.95 9.49 9.35 10.20 9.20 10.26 9.81 25th percentile 8.42 8.25 8.75 8.74 9.11 8.94 9.79 8.04 Purpose of loan Feeder livestock 9.26 8.21 9.22 8.89 10.08 10.55 9.91 8.89 Other livestock 9.29 9.57 n.a. 9.53 10.20 9.65 9.63 8.52 Other current operating expenses 7 9.03 8.59 9.09 9.08 9.40 9.01 10.06 9.12 Farm machinery and equipment 8.68 8.01 9.14 8.80 10.14 n.a. 8.52 8.52 Farm real estate 8.63 8.62 8.25 8.29 8.84 n.a. 11.07 8.69 Other 8 9.13 8.86 9.44 7.72 10.29 9.17 9.75 9.25 Share of total loan volume Features of loan Floating rates 35.25 32.72 60.21 30.32 71.60 1.82 41.32 21.67 Under commitment 59.92 80.16 66.33 58.87 50.39 95.57 66.35 24.35 Callable 23.19 12.20 15.23 37.79 41.58 .95 n.a. 17.14 Subject to prepayment penalty 1.96 1.82 .45 4.03 2.09 n.a. n.a. n.a. Purpose of loan Feeder livestock 7.51 1.88 12.84 5.61 18.18 .95 21.65 6.47 Other livestock 9.07 3.23 21.70 6.57 5.20 4.43 3.86 12.98 Other current operating expenses 7 68.08 84.27 54.26 73.71 35.72 92.93 52.36 59.61 Farm machinery and equipment 6.16 2.81 2.76 6.51 3.08 n.a. 9.17 14.25 Farm real estate 4.62 3.04 2.63 4.79 20.63 n.a. 3.79 4.30 Other 8 4.56 4.77 5.80 2.82 17.20 1.70 9.17 2.38 Type of collateral Farm real estate 12.21 6.71 6.39 13.13 42.33 29.76 3.79 8.29 Other 84.24 90.12 91.33 86.43 56.85 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