A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, February 6-10, 2006 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) 394,700 23,944 39,279 45,986 84,605 146,151 54,735 Number of loans 12,521 6,201 2,575 1,430 1,229 928 157 Weighted average maturity (months) 1 18.60 12.64 17.30 19.12 29.63 15.55 13.04 Weighted average repricing interval (months) 2 10.80 6.87 11.98 10.74 17.67 7.66 9.48 Weighted average risk rating 3 2.26 2.37 2.43 2.50 2.65 2.15 1.55 Weighted average interest rate 4 8.27 8.53 8.50 8.18 8.24 8.29 8.05 Standard error 5 .11 .10 .04 .14 .11 .26 .18 Interquartile range 6 75th percentile 8.82 9.10 9.03 8.82 8.93 8.98 8.34 25th percentile 7.64 8.00 7.96 7.62 7.71 7.54 7.64 Purpose of loan Feeder livestock 8.16 8.34 8.00 7.61 8.33 8.34 8.34 Other livestock 8.56 8.94 9.00 8.38 8.60 8.44 n.a. Other current operating expenses 7 8.28 8.49 8.44 8.36 8.33 8.30 7.93 Farm machinery and equipment 8.48 8.20 8.92 8.10 8.50 8.55 n.a. Farm real estate 7.38 7.95 n.a. 7.89 7.46 6.82 n.a. Other 8 8.35 10.20 7.75 7.91 8.10 8.61 8.33 Share of total loan volume Features of loan Floating rates 39.55 44.94 43.02 43.27 37.97 39.54 34.09 Under commitment 44.56 59.09 48.84 48.09 37.78 43.32 45.93 Callable 18.65 25.38 25.86 20.91 20.87 14.60 15.98 Purpose of loan Feeder livestock 8.55 8.05 6.86 14.72 9.95 3.72 15.51 Other livestock 9.68 10.04 6.47 9.94 15.56 10.62 n.a. Other current operating expenses 7 66.28 67.92 67.54 53.57 53.31 76.34 68.51 Farm machinery and equipment 4.75 11.12 16.03 12.44 1.85 1.72 n.a. Farm real estate 4.65 .63 n.a. 4.57 14.40 2.67 n.a. Other 8 6.10 2.23 3.10 4.76 4.93 4.93 15.98 Type of collateral Farm real estate 13.29 3.38 6.01 7.93 24.93 10.80 15.98 Other 84.71 89.19 87.80 88.69 72.54 89.20 84.02 _______________________________________________________________________________________________________________________________ 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