A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, February 7-11, 2005 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) 551,969 23,371 38,417 59,443 74,347 154,446 201,946 Number of loans 13,615 6,674 2,702 1,677 1,133 1,019 409 Weighted average maturity (months) 1 29.64 9.68 13.26 27.54 15.54 43.26 30.32 Weighted average repricing interval (months) 2 13.84 4.93 9.03 13.26 8.62 23.21 10.71 Weighted average risk rating 3 2.46 2.55 2.34 2.48 2.60 2.46 2.42 Weighted average interest rate 4 .01 .01 .01 .01 .01 .01 .01 Standard error 5 .00 .00 .00 .00 .00 .00 .00 Interquartile range 6 75th percentile .01 .01 .01 .01 .01 .01 .01 25th percentile .01 .01 .01 .01 .01 .01 .01 Purpose of loan Feeder livestock .01 .01 .01 .01 .01 .01 .01 Other livestock .01 .01 .01 .01 .01 .01 .01 Other current operating expenses 7 .01 .01 .01 .01 .01 .01 .01 Farm machinery and equipment .01 .01 .01 .01 .01 .01 n.a. Farm real estate .01 .01 .01 .01 .01 .01 .01 Other 8 .01 .01 .01 .01 .01 .01 n.a. Share of total loan volume Features of loan Floating rates 51.60 48.90 39.34 54.71 43.49 55.74 53.13 Under commitment 48.33 60.63 45.00 39.78 43.42 49.07 51.30 Callable 11.80 20.53 17.63 24.76 12.65 15.32 2.87 Purpose of loan Feeder livestock 8.38 6.18 8.59 11.29 16.03 7.64 5.48 Other livestock 10.00 14.02 10.37 13.22 13.53 4.73 11.24 Other current operating expenses 7 63.49 68.05 58.20 46.05 56.37 61.08 73.56 Farm machinery and equipment 5.06 3.80 9.11 11.77 6.35 7.66 n.a. Farm real estate 8.90 .41 1.98 11.99 4.40 11.82 9.72 Other 8 4.18 7.54 11.75 5.67 3.33 7.08 n.a. Type of collateral Farm real estate 23.30 10.55 5.66 19.36 3.82 38.41 24.90 Other 67.80 82.66 90.12 77.37 91.78 61.59 54.94 _______________________________________________________________________________________________________________________________ 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