A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, May 1-5, 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) 1,289,765 38,208 80,210 88,974 140,928 247,899 693,546 Number of loans 19,578 7,046 5,380 2,661 2,103 1,656 731 Weighted average maturity (months) 1 13.83 10.61 11.62 12.86 16.70 12.56 14.26 Weighted average repricing interval (months) 2 2.88 2.46 3.55 4.21 4.62 3.70 2.03 Weighted average risk rating 3 3.11 3.11 3.17 3.15 3.09 3.07 3.11 Weighted average interest rate 4 7.95 8.79 8.75 8.64 8.40 8.20 7.55 Standard error 5 .16 .11 .12 .06 .17 .16 .16 Interquartile range 6 75th percentile 8.57 9.46 9.53 9.38 9.11 8.84 7.76 25th percentile 7.45 8.16 8.03 7.98 7.71 7.50 6.96 Purpose of loan Feeder livestock 8.26 8.69 8.70 8.38 8.17 8.59 7.70 Other livestock 8.12 8.96 8.74 8.38 8.27 7.84 8.10 Other current operating expenses 7 8.28 8.78 8.78 8.72 8.59 8.29 7.62 Farm machinery and equipment 7.93 9.26 8.80 8.92 8.42 8.15 7.79 Farm real estate 7.86 9.35 8.21 8.33 7.89 8.10 7.64 Other 8 7.45 8.31 8.56 8.38 8.06 7.98 7.17 Share of total loan volume Features of loan Floating rates 86.17 80.58 79.09 75.95 79.80 75.32 93.78 Under commitment 87.22 89.15 87.92 80.98 85.13 81.15 90.42 Callable 19.31 26.80 33.11 30.48 33.98 35.80 6.98 Purpose of loan Feeder livestock 5.62 3.73 6.21 7.74 7.20 11.33 3.03 Other livestock 7.32 3.71 6.14 6.33 8.60 8.74 7.02 Other current operating expenses 7 35.72 80.54 69.70 55.92 51.59 46.55 19.63 Farm machinery and equipment 21.95 5.87 7.85 12.85 11.99 7.69 32.75 Farm real estate 2.21 .82 .83 1.07 2.11 3.62 2.10 Other 8 27.19 5.33 9.27 16.09 18.51 22.07 35.48 Type of collateral Farm real estate 7.04 2.73 7.39 5.13 10.63 5.80 7.19 Other 88.62 90.24 86.46 87.44 85.96 87.93 89.73 _______________________________________________________________________________________________________________________________ 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