A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, August 3-7, 2009 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 274,621 53,822 61,846 67,268 31,137 904 2,385 57,260 Number of loans 8,860 1,294 1,950 3,013 1,079 50 137 1,337 Weighted average maturity (months) 1 32.56 68.37 22.04 15.58 40.03 9.88 133.79 22.55 Weighted average repricing interval (months) 2 27.87 9.17 10.60 8.16 1.69 133.70 12.14 2.36 Weighted average risk rating 3 1.00 2.00 3.00 4.00 5.00 n.a. n.a. 21.87 Weighted average interest rate 4 6.29 6.58 5.85 6.69 6.13 5.72 7.22 6.09 Standard error 5 .21 .32 .53 .21 .40 1.16 1.65 .32 Interquartile range 6 75th percentile 7.00 7.76 6.63 7.19 7.76 5.13 7.18 6.50 25th percentile 5.50 5.56 5.06 6.32 4.99 5.13 6.70 5.53 Purpose of loan Feeder livestock 5.63 6.56 6.80 n.a. n.a. n.a. 5.31 6.19 Other livestock 6.82 4.38 n.a. 7.87 n.a. 5.54 6.65 6.08 Other current operating expenses 7 5.75 5.78 6.60 5.60 5.72 6.14 6.18 7.16 Farm machinery and equipment 6.88 6.83 7.14 7.75 n.a. 10.19 6.81 6.39 Farm real estate 6.52 5.38 6.61 6.05 n.a. 7.18 6.24 6.99 Other 8 7.60 8.40 6.38 5.87 n.a. 6.70 6.76 38.30 Share of total loan volume Features of loan Floating rates 32.05 44.62 51.38 44.07 82.95 n.a. 19.75 57.88 Under commitment 43.95 73.02 69.35 60.19 n.a. n.a. 43.24 11.17 Callable 12.17 16.36 47.61 22.28 9.76 n.a. 7.59 1.85 Subject to prepayment penalty n.a. 2.08 3.01 1.56 n.a. n.a. 2.22 22.22 Purpose of loan Feeder livestock 8.33 13.33 6.21 n.a. n.a. n.a. 24.08 6.54 Other livestock 7.86 9.29 3.29 5.90 n.a. 8.41 6.54 49.97 Other current operating expenses 7 24.72 66.04 61.96 46.14 100.00 8.21 45.31 7.47 Farm machinery and equipment 7.52 4.14 10.59 12.60 n.a. 10.16 4.56 13.67 Farm real estate 26.37 4.30 12.75 14.45 n.a. 64.67 10.60 11.17 Other 8 25.20 2.91 5.21 20.92 n.a. 8.54 8.92 14.84 Type of collateral Farm real estate 29.49 10.14 17.06 48.67 9.76 73.21 18.19 76.45 Other 69.42 87.56 82.38 50.92 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