A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 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) 1,614,310 160,954 188,613 525,936 353,905 128,194 58,929 197,780 Number of loans 28,395 2,526 4,915 10,055 4,472 920 1,033 4,474 Weighted average maturity (months) 1 19.20 26.02 17.01 21.37 15.47 7.41 27.78 21.86 Weighted average repricing interval (months) 2 7.38 11.40 7.89 5.24 5.48 4.28 26.33 9.08 Weighted average risk rating 3 3.07 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 7.71 7.66 8.17 7.49 7.38 7.82 8.27 8.28 Standard error 5 .14 .38 .14 .22 .54 .37 .25 .28 Interquartile range 6 75th percentile 8.63 8.64 8.87 8.25 8.30 8.25 8.45 9.14 25th percentile 6.71 6.32 7.50 6.61 6.60 7.45 8.25 7.50 Purpose of loan Feeder livestock 8.23 8.37 8.31 7.45 8.33 8.85 8.24 8.66 Other livestock 8.13 9.87 8.79 8.50 7.32 7.37 8.43 9.67 Other current operating expenses 7 7.85 7.47 8.29 7.88 7.41 7.67 8.64 8.44 Farm machinery and equipment 8.14 7.86 8.79 8.05 8.75 7.73 8.66 9.04 Farm real estate 7.61 7.23 7.97 7.36 8.19 8.76 7.89 7.27 Other 8 6.94 6.66 6.52 6.74 6.95 8.62 6.94 7.22 Share of total loan volume Features of loan Floating rates 66.88 25.22 38.91 85.19 86.05 55.47 21.12 65.53 Under commitment 78.16 66.30 78.85 87.64 93.20 86.91 25.34 45.09 Callable 18.90 30.52 31.50 10.59 15.03 7.03 11.08 36.50 Subject to prepayment penalty 2.21 1.40 1.56 4.25 .16 5.89 n.a. n.a. Purpose of loan Feeder livestock 13.10 21.16 8.87 7.84 11.87 1.72 47.17 24.00 Other livestock 9.96 .53 17.94 5.53 9.67 31.22 15.79 6.78 Other current operating expenses 7 40.34 68.64 51.72 37.61 36.16 22.23 21.40 38.59 Farm machinery and equipment 6.59 .78 3.96 9.53 1.89 23.47 5.39 3.80 Farm real estate 5.66 8.77 5.45 5.78 2.83 5.95 2.41 8.85 Other 8 24.35 .13 12.04 33.70 37.58 15.40 7.84 17.97 Type of collateral Farm real estate 11.66 15.09 9.97 9.91 3.56 2.98 49.19 24.07 Other 85.03 81.79 88.74 85.33 95.25 93.08 46.62 71.29 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16