A.13. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Risk Rating, May 3-7, 2010 Percent except as noted ________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 426,712 92,977 94,849 162,514 18,395 6,454 n.a. 51,523 Number of loans 10,474 1,297 1,899 4,540 951 63 n.a. 1,725 Weighted average maturity (months) 1 33.11 69.68 22.32 24.03 22.31 8.83 n.a. 22.42 Weighted average repricing interval (months) 2 12.42 2.23 n.a. 14.15 2.34 1.00 2.00 3.00 Weighted average risk rating 3 4.00 5.00 n.a. n.a. 28.01 3.18 14.14 60.14 Weighted average interest rate 4 6.45 6.04 6.73 6.46 6.39 6.46 n.a. 6.64 Standard error 5 .06 .49 .23 .11 .18 .71 .31 5.90 Interquartile range 6 75th percentile 7.50 6.98 6.96 6.33 7.31 5.86 5.68 6.48 25th percentile 5.13 5.83 6.00 6.17 6.33 6.09 6.98 6.76 Purpose of loan Feeder livestock 6.43 n.a. n.a. 7.16 6.67 7.56 7.18 6.04 Other livestock 6.84 n.a. n.a. 6.86 6.41 5.88 6.75 6.52 Other current operating expenses 7 6.29 8.45 n.a. 6.47 6.78 6.39 7.56 6.75 Farm machinery and equipment 7.28 n.a. n.a. 6.89 6.09 5.91 7.12 6.13 Farm real estate 6.96 n.a. n.a. 9.01 7.02 6.56 7.50 6.51 Other 8 5.58 6.33 n.a. 6.36 42.27 58.16 31.99 45.69 Share of total loan volume Features of loan Floating rates 25.84 94.45 n.a. 21.08 54.82 55.59 49.78 65.33 Under commitment 52.80 94.45 n.a. 25.36 8.91 2.00 24.18 5.01 Callable 8.20 n.a. n.a. 7.59 3.99 n.a. 2.78 7.90 Subject to prepayment penalty 5.50 3.45 n.a. .61 19.21 27.78 9.82 15.07 Purpose of loan Feeder livestock 3.28 n.a. n.a. 8.71 5.79 5.19 2.82 6.62 Other livestock 13.51 n.a. n.a. 7.70 59.68 58.18 41.99 73.28 Other current operating expenses 7 67.03 6.23 n.a. 56.17 7.06 11.58 4.11 3.73 Farm machinery and equipment 4.15 n.a. n.a. 16.74 8.63 21.63 .68 9.00 Farm real estate 5.22 n.a. n.a. .96 9.92 1.41 26.22 2.36 Other 8 6.82 93.77 n.a. 9.73 14.53 18.21 18.37 11.03 Type of collateral Farm real estate 20.44 95.87 n.a. 24.02 79.05 70.78 88.66 83.69 Other 76.81 4.13 n.a. 71.82 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