A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, May 3-7, 2004 Percent except as noted _______________________________________________________________________________________________________________________________ $1,000 to $10,000 to $25,000 to $50,000 to $100,000 to $250,000 Loan characteristic All sizes $9,999 $24,999 $49,999 $99,999 $249,999 and over _______________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 937,627 40,551 69,665 76,163 101,444 145,962 503,842 Number of loans 20,449 10,436 4,620 2,224 1,543 1,005 621 Weighted average maturity (months) 1 11.34 10.19 11.95 13.18 15.30 18.11 8.33 Weighted average repricing interval (months) 2 2.47 2.14 3.84 3.45 5.09 4.06 1.19 Weighted average risk rating 3 3.33 3.20 3.23 3.25 3.16 3.45 3.39 Weighted average interest rate 4 4.79 5.93 5.67 5.43 5.00 4.66 4.48 Standard error 5 .17 .24 .17 .19 .14 .19 .20 Interquartile range 6 75th percentile 5.20 7.07 6.59 6.45 5.75 5.38 5.12 25th percentile 4.04 5.02 4.59 4.33 4.07 3.65 3.56 Purpose of loan Feeder livestock 4.43 5.79 5.37 5.14 4.95 5.10 3.63 Other livestock 4.77 6.23 5.39 5.93 5.23 4.78 4.19 Other current operating expenses 7 4.95 6.01 5.79 5.39 4.99 4.67 4.48 Farm machinery and equipment 4.98 6.11 5.63 5.61 4.88 4.81 4.49 Farm real estate 5.37 5.25 6.51 5.99 5.96 5.02 5.16 Other 8 4.57 4.99 5.04 5.18 4.65 4.20 4.58 Share of total loan volume Features of loan Floating rates 87.01 82.78 81.67 80.91 79.69 85.63 90.89 Under commitment 87.01 88.06 87.78 81.84 81.08 83.67 89.77 Callable 15.54 23.30 24.22 27.61 27.67 16.77 9.09 Purpose of loan Feeder livestock 5.37 4.62 4.55 5.98 5.34 7.61 4.81 Other livestock 7.65 4.12 5.84 6.74 13.06 12.55 5.82 Other current operating expenses 7 43.65 78.25 71.79 59.91 46.68 44.38 33.69 Farm machinery and equipment 5.94 4.96 7.22 12.28 12.61 5.92 3.54 Farm real estate 2.97 .98 1.17 2.75 5.75 8.30 1.31 Other 8 34.42 7.08 9.43 12.33 16.56 21.24 50.83 Type of collateral Farm real estate 9.03 3.17 6.81 10.71 14.22 13.54 7.21 Other 87.22 88.62 87.31 80.97 79.99 82.41 90.88 _______________________________________________________________________________________________________________________________ Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans. For explanation of footnotes, see table A.8. 14