A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, February 2-6, 2009 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 455,112 110,020 85,893 149,992 54,728 1,331 620 52,529 Number of loans 7,702 1,229 1,651 2,354 735 70 43 1,620 Weighted average maturity (months) 1 21.64 16.10 16.42 33.94 8.95 225.20 6.05 14.39 Weighted average repricing interval (months) 2 13.25 7.07 13.87 23.12 2.51 23.87 6.05 7.53 Weighted average risk rating 3 2.38 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 6.40 6.29 6.50 6.71 5.38 7.94 6.53 6.58 Standard error 5 .22 .27 .10 .43 .55 .59 n.a. .40 Interquartile range 6 75th percentile 7.25 6.70 6.75 8.00 5.39 8.84 6.12 7.33 25th percentile 5.39 5.11 6.00 5.65 4.58 6.51 6.12 6.00 Purpose of loan Feeder livestock 7.53 6.18 5.65 8.43 6.77 6.17 6.53 6.56 Other livestock 7.50 9.98 n.a. 6.95 6.08 n.a. n.a. 7.59 Other current operating expenses 7 6.42 6.31 6.53 6.54 6.10 6.75 n.a. 6.35 Farm machinery and equipment 5.89 5.84 6.45 5.65 7.91 n.a. n.a. 6.63 Farm real estate 6.17 5.92 5.82 5.85 8.48 8.84 n.a. 6.66 Other 8 5.10 n.a. 7.69 6.34 4.72 n.a. n.a. n.a. Share of total loan volume Features of loan Floating rates 44.73 42.98 20.90 44.87 86.05 86.53 n.a. 43.39 Under commitment 45.84 49.52 55.05 35.56 78.89 n.a. n.a. 19.65 Callable 19.70 2.11 13.32 41.36 14.22 n.a. n.a. 11.56 Subject to prepayment penalty 1.74 n.a. 2.01 2.44 4.62 n.a. n.a. n.a. Purpose of loan Feeder livestock 11.02 11.18 3.52 20.03 .91 16.24 100.00 6.62 Other livestock 3.38 1.59 2.86 2.03 2.10 n.a. n.a. 13.34 Other current operating expenses 7 59.87 74.26 79.68 47.34 34.30 22.09 n.a. 61.44 Farm machinery and equipment 8.22 11.13 5.31 11.91 .67 n.a. n.a. 4.49 Farm real estate 8.82 1.85 5.70 15.51 3.10 61.67 n.a. 14.12 Other 8 8.69 n.a. 2.94 3.18 58.92 n.a. n.a. n.a. Type of collateral Farm real estate 14.79 2.52 17.70 24.58 14.01 77.91 n.a. 7.15 Other 84.22 96.97 80.77 74.30 n.a. 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