A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 2-6, 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) 327,516 37,818 62,770 43,786 49,447 67,325 66,369 Number of loans 16,722 9,685 4,239 1,304 792 546 156 Weighted average maturity (months) 1 21.64 10.07 15.55 17.50 28.54 26.09 27.20 Weighted average repricing interval (months) 2 11.09 5.81 10.25 6.88 15.04 11.99 13.79 Weighted average risk rating 3 2.48 2.22 2.35 2.65 2.24 2.40 2.81 Weighted average interest rate 4 6.51 6.92 6.90 6.74 6.71 6.47 5.65 Standard error 5 .17 .13 .06 .15 .26 .36 .57 Interquartile range 6 75th percentile 7.38 7.73 7.69 7.52 7.45 7.03 7.02 25th percentile 5.90 6.11 6.00 5.90 6.18 6.02 4.34 Purpose of loan Feeder livestock 6.34 6.78 6.44 6.20 6.10 n.a. n.a. Other livestock 6.99 7.12 7.04 7.23 7.48 6.50 6.87 Other current operating expenses 7 6.71 6.90 6.90 6.66 6.75 6.56 6.02 Farm machinery and equipment 6.70 6.71 7.23 6.74 6.11 5.48 7.02 Farm real estate 5.24 6.52 6.40 6.91 6.50 6.39 4.33 Other 8 5.28 7.41 6.36 6.77 n.a. n.a. 4.56 Share of total loan volume Features of loan Floating rates 42.45 39.86 41.45 37.87 36.09 46.91 48.10 Under commitment 55.49 49.46 49.28 55.73 61.52 56.54 59.07 Callable 21.26 17.13 12.83 17.68 9.83 41.28 22.16 Purpose of loan Feeder livestock 3.26 2.96 6.86 6.27 5.08 n.a. n.a. Other livestock 14.35 7.94 12.05 15.27 14.89 14.22 19.28 Other current operating expenses 7 53.59 77.74 61.99 58.00 58.36 65.88 12.94 Farm machinery and equipment 13.36 6.40 14.20 14.67 15.72 5.92 21.47 Farm real estate 10.16 .43 .27 3.32 5.95 13.98 28.82 Other 8 5.29 4.53 4.64 2.47 n.a. n.a. 17.49 Type of collateral Farm real estate 17.05 6.24 11.82 16.49 18.31 15.85 28.82 Other 77.28 87.51 84.24 80.66 79.96 84.15 53.69 _______________________________________________________________________________________________________________________________ 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. 15