A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 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) 235,637 19,854 33,416 31,628 40,011 62,472 48,255 Number of loans 9,171 4,879 2,163 963 600 436 131 Weighted average maturity (months) 1 31.36 10.99 12.34 11.47 28.97 25.21 75.32 Weighted average repricing interval (months) 2 16.93 7.07 9.68 4.99 24.31 20.92 22.55 Weighted average risk rating 3 2.40 2.36 2.28 2.79 2.28 2.32 2.49 Weighted average interest rate 4 8.05 8.32 8.19 7.74 8.31 7.72 8.25 Standard error 5 .16 .15 .07 .31 .28 .29 .08 Interquartile range 6 75th percentile 8.50 8.77 8.85 8.57 9.20 8.25 8.40 25th percentile 7.64 7.73 7.64 7.25 7.75 7.10 8.25 Purpose of loan Feeder livestock 7.90 8.73 7.84 7.26 8.12 7.81 8.40 Other livestock 8.44 8.57 8.50 8.33 8.56 8.42 8.25 Other current operating expenses 7 8.15 8.19 8.09 7.67 8.49 8.09 8.36 Farm machinery and equipment 8.23 8.55 8.68 7.99 8.15 7.74 n.a. Farm real estate 7.69 8.24 8.37 7.95 n.a. 7.25 7.79 Other 8 7.48 8.31 8.35 8.20 8.27 5.54 n.a. Share of total loan volume Features of loan Floating rates 56.30 55.02 38.26 49.33 40.46 46.29 100.00 Under commitment 52.70 54.63 54.58 49.04 43.06 46.12 69.53 Callable 23.81 17.57 17.38 11.48 26.52 6.30 59.35 Purpose of loan Feeder livestock 26.95 6.38 13.43 24.13 29.74 47.67 17.49 Other livestock 14.96 12.69 15.39 16.48 21.01 12.98 12.13 Other current operating expenses 7 37.62 61.26 55.21 42.18 17.67 20.01 52.05 Farm machinery and equipment 6.10 10.45 9.36 9.59 10.18 3.30 n.a. Farm real estate 7.43 3.58 2.53 5.84 n.a. 8.41 18.33 Other 8 6.95 5.64 4.08 1.78 21.40 7.64 n.a. Type of collateral Farm real estate 23.31 6.88 7.36 7.32 20.81 18.91 59.35 Other 75.17 89.61 92.64 86.89 76.52 81.09 40.65 _______________________________________________________________________________________________________________________________ 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