A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, February 2-6, 2009 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) 455,112 12,948 30,321 38,935 64,508 93,202 215,199 Number of loans 7,702 2,447 2,073 1,158 937 628 459 Weighted average maturity (months) 1 21.64 13.36 18.42 14.25 28.06 27.22 19.64 Weighted average repricing interval (months) 2 13.25 7.30 8.69 10.74 16.25 15.06 13.02 Weighted average risk rating 3 2.38 2.62 2.39 2.45 2.40 2.34 2.37 Weighted average interest rate 4 6.40 7.32 7.00 6.41 6.83 5.88 6.35 Standard error 5 .22 .22 .24 .11 .30 .16 .51 Interquartile range 6 75th percentile 7.25 8.07 8.11 7.21 7.76 6.50 8.00 25th percentile 5.39 6.39 6.17 6.00 6.02 5.24 5.06 Purpose of loan Feeder livestock 7.53 6.75 6.22 6.08 6.06 6.33 8.75 Other livestock 7.50 8.40 7.24 7.00 7.77 n.a. n.a. Other current operating expenses 7 6.42 7.02 7.08 6.33 6.70 5.84 6.51 Farm machinery and equipment 5.89 7.77 6.80 6.72 6.38 5.73 4.75 Farm real estate 6.17 6.57 6.87 6.00 7.54 6.04 5.65 Other 8 5.10 7.85 7.79 6.36 7.27 5.42 4.58 Share of total loan volume Features of loan Floating rates 44.73 48.68 48.66 33.93 33.56 36.82 52.67 Under commitment 45.84 56.43 47.48 49.53 44.37 34.71 49.55 Callable 19.70 18.57 21.83 19.97 25.51 14.42 19.97 Purpose of loan Feeder livestock 11.02 5.83 6.29 8.44 12.47 10.81 12.12 Other livestock 3.38 13.03 9.81 12.35 9.19 n.a. n.a. Other current operating expenses 7 59.87 60.68 66.50 67.30 43.72 66.84 59.37 Farm machinery and equipment 8.22 14.86 13.87 6.90 13.72 9.35 5.12 Farm real estate 8.82 1.59 3.03 2.50 13.70 7.35 10.38 Other 8 8.69 4.01 .49 2.50 7.19 5.65 13.00 Type of collateral Farm real estate 14.79 7.17 5.89 8.76 23.63 13.45 15.52 Other 84.22 82.64 89.21 88.79 75.22 86.55 84.48 _______________________________________________________________________________________________________________________________ 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