A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, February 4-8, 2008 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) 533,401 18,067 46,313 42,382 52,764 107,745 266,131 Number of loans 9,346 3,187 2,872 1,263 792 730 502 Weighted average maturity (months) 1 26.58 10.02 14.93 19.09 23.69 40.86 25.70 Weighted average repricing interval (months) 2 12.86 7.24 11.08 12.33 14.66 17.37 11.46 Weighted average risk rating 3 2.28 2.37 2.21 2.59 2.49 2.47 2.13 Weighted average interest rate 4 7.51 8.48 8.04 7.73 7.52 7.53 7.30 Standard error 5 .17 .31 .17 .21 .23 .20 .28 Interquartile range 6 75th percentile 8.24 9.46 8.57 8.30 8.06 8.26 8.03 25th percentile 6.93 7.51 7.48 7.20 6.70 6.96 6.50 Purpose of loan Feeder livestock 6.93 8.76 7.71 7.60 n.a. 7.68 6.50 Other livestock 8.08 9.44 7.92 8.04 8.30 8.31 7.25 Other current operating expenses 7 7.61 8.19 8.09 7.58 7.28 7.61 7.57 Farm machinery and equipment 7.94 8.48 8.11 8.14 8.83 6.92 n.a. Farm real estate 7.35 n.a. 7.79 8.16 7.49 7.53 6.73 Other 8 6.56 12.75 8.14 7.38 7.32 4.80 6.61 Share of total loan volume Features of loan Floating rates 42.74 27.45 28.83 35.70 31.03 52.69 45.62 Under commitment 44.71 59.05 57.29 36.51 33.26 50.04 42.96 Callable 29.68 9.76 6.74 22.79 16.46 12.93 45.52 Purpose of loan Feeder livestock 9.20 6.95 11.22 4.24 n.a. 7.75 12.20 Other livestock 7.71 14.46 7.99 8.59 7.55 16.32 3.62 Other current operating expenses 7 64.72 68.60 63.81 55.15 69.63 52.20 70.24 Farm machinery and equipment 4.92 9.20 14.03 13.41 9.34 6.92 n.a. Farm real estate 5.76 n.a. .77 9.21 7.31 11.89 3.67 Other 8 7.69 .79 2.18 9.40 6.17 4.93 10.27 Type of collateral Farm real estate 21.50 2.77 4.11 9.18 23.24 29.73 24.09 Other 74.43 93.55 93.77 85.14 69.31 70.27 70.75 _______________________________________________________________________________________________________________________________ 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