A.11. Characteristics of Bank Loans to Farmers -- All Banks, by Risk Rating, November 3-7, 2008 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,867,655 90,943 234,017 739,868 500,814 29,526 22,092 250,395 Number of loans 28,540 2,305 4,144 13,137 4,351 578 528 3,498 Weighted average maturity (months) 1 26.46 9.06 14.20 22.28 23.94 9.72 187.33 50.15 Weighted average repricing interval (months) 2 7.03 6.32 5.84 9.19 3.33 1.50 2.74 10.41 Weighted average risk rating 3 3.09 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 4.99 6.16 5.45 4.97 4.36 5.21 6.52 5.28 Standard error 5 .18 .40 .27 .52 .49 .25 .55 .33 Interquartile range 6 75th percentile 6.17 7.08 6.25 6.40 5.34 6.16 7.50 6.18 25th percentile 3.82 4.60 4.50 3.56 3.51 4.33 6.01 4.08 Purpose of loan Feeder livestock 4.73 5.43 5.52 4.94 4.03 4.80 6.51 4.27 Other livestock 5.22 7.41 5.26 5.53 4.50 4.07 5.74 6.26 Other current operating expenses 7 5.08 6.32 5.47 4.97 4.14 5.67 7.52 5.97 Farm machinery and equipment 6.47 8.11 6.32 6.62 5.70 11.07 7.50 6.42 Farm real estate 6.09 6.42 5.63 6.80 4.79 n.a. 7.50 6.38 Other 8 4.07 4.62 4.63 3.75 4.35 4.39 2.81 4.47 Share of total loan volume Features of loan Floating rates 78.36 32.09 58.18 83.79 88.68 79.14 79.11 77.15 Under commitment 76.03 59.97 64.04 84.64 83.28 97.37 72.75 50.93 Callable 16.61 42.67 23.20 23.21 3.70 6.04 2.22 9.79 Subject to prepayment penalty 3.09 .59 2.53 6.24 .79 n.a. n.a. .42 Purpose of loan Feeder livestock 12.51 25.86 20.23 5.53 5.27 .81 1.66 37.88 Other livestock 11.12 7.86 7.93 11.73 16.13 1.71 3.59 5.22 Other current operating expenses 7 41.68 57.11 58.90 44.28 34.18 61.86 17.34 27.08 Farm machinery and equipment 2.57 .76 2.41 3.15 1.43 .48 7.56 3.77 Farm real estate 11.06 6.56 6.10 10.19 11.87 n.a. 50.51 16.13 Other 8 21.05 1.85 4.44 25.11 31.12 35.14 19.34 9.87 Type of collateral Farm real estate 16.75 8.94 7.43 16.39 6.13 5.47 50.51 48.90 Other 80.39 86.55 87.64 80.77 92.47 94.53 43.37 47.70 ___________________________________________________________________________________________________________________________________ For explanation of footnotes, see table A.8. n.a. Not available. 16