A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, November 1-5, 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) 1,066,990 29,951 54,138 78,107 103,885 171,288 629,620 Number of loans 16,922 7,536 3,580 2,287 1,587 1,127 806 Weighted average maturity (months) 1 18.72 8.02 8.73 10.77 12.34 24.59 20.47 Weighted average repricing interval (months) 2 4.28 1.53 2.20 3.02 2.24 5.78 4.66 Weighted average risk rating 3 3.10 3.25 3.22 3.12 3.11 3.35 3.01 Weighted average interest rate 4 5.16 6.62 6.25 6.25 5.75 5.15 4.77 Standard error 5 .26 .29 .25 .19 .28 .20 .24 Interquartile range 6 75th percentile 5.96 7.64 7.23 7.17 6.77 5.92 5.90 25th percentile 4.08 5.64 5.13 5.12 4.85 4.34 3.82 Purpose of loan Feeder livestock 5.45 6.36 6.21 6.44 6.11 5.49 5.23 Other livestock 4.58 6.43 6.39 6.44 5.43 4.92 4.21 Other current operating expenses 7 5.34 6.73 6.34 6.40 5.91 4.97 4.54 Farm machinery and equipment 5.33 6.50 6.01 5.91 5.81 5.35 5.18 Farm real estate 6.06 6.87 6.02 6.62 6.23 5.90 6.06 Other 8 4.66 5.83 5.88 5.58 5.14 5.00 4.39 Share of total loan volume Features of loan Floating rates 82.01 85.03 81.78 77.61 81.85 89.91 80.31 Under commitment 86.11 92.21 84.13 82.75 83.00 85.01 87.22 Callable 29.58 30.39 30.32 34.51 32.11 20.81 30.83 Purpose of loan Feeder livestock 14.69 4.69 5.82 10.97 16.51 9.18 17.58 Other livestock 12.18 4.37 5.79 6.06 11.24 11.70 14.14 Other current operating expenses 7 34.00 75.71 67.05 58.53 42.81 37.68 23.68 Farm machinery and equipment 11.75 5.47 9.33 4.67 7.62 14.81 12.99 Farm real estate 6.20 1.81 2.70 2.89 3.14 8.27 7.05 Other 8 21.18 7.95 9.32 16.87 18.68 18.35 24.55 Type of collateral Farm real estate 6.55 3.63 2.75 6.13 5.74 11.20 5.94 Other 87.43 89.53 91.09 85.80 87.13 84.80 87.98 _______________________________________________________________________________________________________________________________ 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