A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 5-9, 2007 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) 474,112 20,123 49,667 62,483 59,904 80,664 201,270 Number of loans 10,536 3,681 3,303 1,760 910 511 370 Weighted average maturity (months) 1 27.99 8.50 11.68 16.11 29.82 37.06 33.43 Weighted average repricing interval (months) 2 15.21 5.33 6.57 12.49 20.62 14.24 17.95 Weighted average risk rating 3 2.37 2.39 2.17 2.21 2.32 1.96 2.70 Weighted average interest rate 4 8.36 9.04 8.75 8.82 8.71 8.62 7.84 Standard error 5 .17 .14 .08 .12 .18 .19 .39 Interquartile range 6 75th percentile 9.01 9.56 9.26 9.35 9.45 9.11 9.00 25th percentile 7.63 8.34 8.38 8.49 8.19 8.42 7.38 Purpose of loan Feeder livestock 8.79 8.39 8.20 8.98 9.24 8.57 8.85 Other livestock 8.50 10.33 8.90 9.35 9.13 9.24 7.45 Other current operating expenses 7 8.27 8.86 8.71 8.62 8.71 8.99 7.26 Farm machinery and equipment 8.78 9.56 8.77 8.52 8.65 9.27 n.a. Farm real estate 7.35 n.a. 8.84 7.75 7.53 7.27 7.32 Other 8 8.87 8.84 9.34 8.68 9.03 n.a. n.a. Share of total loan volume Features of loan Floating rates 34.86 40.13 35.43 29.66 32.30 39.15 34.84 Under commitment 54.81 63.08 65.87 50.98 38.36 31.88 66.54 Callable 23.26 26.90 18.05 17.51 16.36 19.57 29.51 Purpose of loan Feeder livestock 21.54 10.15 4.67 3.54 7.56 28.64 33.75 Other livestock 19.13 10.64 21.85 26.93 20.02 14.41 18.51 Other current operating expenses 7 43.02 68.46 57.08 51.32 52.75 38.00 33.54 Farm machinery and equipment 4.34 9.97 13.98 11.39 5.02 1.86 n.a. Farm real estate 10.49 n.a. .63 .67 11.06 17.09 14.20 Other 8 1.48 .78 1.78 6.15 3.58 n.a. n.a. Type of collateral Farm real estate 22.75 3.27 6.62 6.02 16.31 19.41 37.14 Other 73.91 89.53 86.86 86.80 75.68 78.32 62.86 _______________________________________________________________________________________________________________________________ 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