A.9. Characteristics of Bank Loans to Farmers -- Large 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) 1,340,185 27,559 66,415 86,655 123,802 303,614 732,139 Number of loans 16,773 4,913 4,409 2,570 1,859 2,004 1,018 Weighted average maturity (months) 1 21.68 8.74 11.37 17.24 18.56 22.85 23.63 Weighted average repricing interval (months) 2 7.42 2.41 4.03 8.24 5.57 9.48 7.32 Weighted average risk rating 3 3.11 3.06 3.02 3.03 3.03 2.99 3.18 Weighted average interest rate 4 6.18 7.07 6.99 6.68 6.52 6.32 5.90 Standard error 5 .08 .10 .13 .07 .11 .11 .13 Interquartile range 6 75th percentile 6.72 7.93 7.74 7.50 7.23 7.20 6.66 25th percentile 5.38 6.17 6.17 5.90 5.75 5.61 5.34 Purpose of loan Feeder livestock 6.54 6.77 7.18 6.48 6.60 6.57 6.42 Other livestock 5.91 6.72 6.79 6.33 6.09 5.98 5.65 Other current operating expenses 7 6.37 7.15 7.05 6.69 6.70 6.53 5.99 Farm machinery and equipment 6.46 8.09 7.19 7.40 6.37 6.10 6.04 Farm real estate 6.32 7.11 7.00 6.86 6.49 6.52 6.16 Other 8 5.80 6.71 6.59 6.51 6.04 5.78 5.72 Share of total loan volume Features of loan Floating rates 75.61 76.15 70.48 71.78 78.69 71.72 77.60 Under commitment 77.23 87.39 85.44 78.88 78.27 74.49 76.87 Callable 19.98 26.33 28.23 23.22 23.70 26.50 15.28 Purpose of loan Feeder livestock 5.89 6.80 6.85 8.23 9.17 6.15 4.83 Other livestock 5.70 5.54 8.45 5.19 6.57 5.37 5.50 Other current operating expenses 7 48.57 73.58 66.82 58.56 58.17 54.52 40.70 Farm machinery and equipment 2.91 2.34 5.31 6.79 5.33 4.60 1.15 Farm real estate 6.76 .59 .96 3.25 5.91 8.22 7.48 Other 8 30.17 11.15 11.60 17.98 14.86 21.13 40.34 Type of collateral Farm real estate 11.54 4.83 6.43 9.36 11.15 13.11 11.93 Other 83.51 89.11 85.20 83.12 84.10 76.70 85.91 _______________________________________________________________________________________________________________________________ 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