A.9. Characteristics of Bank Loans to Farmers -- Large 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) 1,408,572 32,394 76,617 100,419 144,749 277,696 776,696 Number of loans 18,875 5,885 5,056 2,952 2,096 1,848 1,038 Weighted average maturity (months) 1 25.53 7.84 7.99 10.16 13.96 11.97 36.66 Weighted average repricing interval (months) 2 7.02 1.83 1.86 3.86 3.49 4.56 9.67 Weighted average risk rating 3 3.22 3.00 3.03 3.01 3.05 3.08 3.35 Weighted average interest rate 4 4.56 5.42 5.35 5.19 4.97 4.58 4.29 Standard error 5 .19 .16 .13 .16 .13 .16 .29 Interquartile range 6 75th percentile 5.65 6.25 6.40 6.18 6.13 5.65 5.37 25th percentile 3.56 4.58 4.31 4.07 4.07 3.71 3.30 Purpose of loan Feeder livestock 4.68 5.61 5.69 5.33 5.14 4.59 4.44 Other livestock 4.36 5.27 5.35 5.37 4.42 3.46 4.44 Other current operating expenses 7 4.54 5.48 5.47 5.22 5.02 4.59 3.82 Farm machinery and equipment 5.77 6.90 5.77 6.61 6.03 5.46 5.31 Farm real estate 5.83 5.82 5.47 6.16 6.62 6.82 5.65 Other 8 3.98 4.55 4.47 4.46 4.47 4.17 3.81 Share of total loan volume Features of loan Floating rates 84.59 87.04 84.15 82.63 80.39 77.71 88.03 Under commitment 79.81 92.47 88.96 83.98 80.41 83.15 76.54 Callable 15.80 26.58 29.12 27.18 23.25 25.00 7.89 Purpose of loan Feeder livestock 8.64 4.42 5.02 9.89 10.70 7.72 8.96 Other livestock 10.31 4.84 7.27 6.83 9.05 8.77 12.07 Other current operating expenses 7 40.03 75.32 70.85 60.95 53.18 46.29 28.11 Farm machinery and equipment 2.02 2.96 2.40 4.18 3.91 3.02 .96 Farm real estate 11.88 1.79 1.26 1.78 3.53 7.61 17.74 Other 8 27.12 10.66 13.20 16.37 19.63 26.59 32.16 Type of collateral Farm real estate 11.46 3.89 4.09 5.91 12.73 10.85 13.20 Other 85.83 91.37 90.62 89.52 85.12 85.62 84.86 _______________________________________________________________________________________________________________________________ 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