A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 3-7, 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) 459,083 19,141 47,220 42,267 76,535 101,376 172,544 Number of loans 9,665 3,366 2,970 1,290 1,130 702 207 Weighted average maturity (months) 1 29.25 10.58 13.95 17.02 17.71 56.52 27.35 Weighted average repricing interval (months) 2 7.07 6.09 8.92 11.62 11.57 5.37 4.63 Weighted average risk rating 3 2.53 2.59 2.48 2.49 2.53 2.29 2.73 Weighted average interest rate 4 6.29 7.37 7.34 7.15 6.89 6.67 5.18 Standard error 5 .21 .18 .12 .42 .22 .20 .63 Interquartile range 6 75th percentile 7.50 8.16 8.13 7.87 7.64 7.50 5.65 25th percentile 4.50 6.50 6.76 6.69 6.18 6.06 4.08 Purpose of loan Feeder livestock 4.79 6.82 7.23 7.68 6.87 6.38 4.07 Other livestock 7.20 8.00 7.76 6.61 6.96 6.33 8.46 Other current operating expenses 7 6.50 7.22 7.30 6.99 6.86 6.44 5.45 Farm machinery and equipment 7.49 8.08 7.73 7.72 7.02 8.75 n.a. Farm real estate 7.17 7.21 6.41 8.15 7.20 7.35 6.84 Other 8 7.10 8.31 7.15 n.a. 6.54 7.47 n.a. Share of total loan volume Features of loan Floating rates 59.23 42.10 38.38 41.95 37.48 62.03 79.07 Under commitment 64.44 62.08 54.37 55.36 49.36 57.88 80.22 Callable 19.07 23.40 17.90 16.89 13.28 9.96 27.35 Purpose of loan Feeder livestock 24.38 2.82 9.30 15.31 7.56 10.82 48.56 Other livestock 13.60 8.17 12.38 14.98 15.42 20.76 9.19 Other current operating expenses 7 46.77 76.58 65.09 57.94 54.97 44.53 33.39 Farm machinery and equipment 4.27 6.59 4.69 5.89 14.38 2.59 n.a. Farm real estate 8.55 1.12 2.23 5.88 2.39 18.12 8.86 Other 8 2.40 3.98 6.31 n.a. 5.28 3.19 n.a. Type of collateral Farm real estate 32.96 5.62 7.46 11.66 10.62 26.72 61.77 Other 63.70 83.77 87.66 82.90 82.96 69.54 38.23 _______________________________________________________________________________________________________________________________ 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