A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 4-8, 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) 327,854 18,292 40,442 37,107 56,737 61,177 114,099 Number of loans 8,734 3,347 2,727 1,116 862 460 222 Weighted average maturity (months) 1 30.07 10.43 17.61 13.33 20.64 70.38 27.79 Weighted average repricing interval (months) 2 14.84 6.51 8.90 7.83 10.29 26.64 16.41 Weighted average risk rating 3 2.65 2.46 2.61 2.42 2.64 2.79 2.70 Weighted average interest rate 4 6.40 6.96 6.75 6.94 6.59 6.41 5.90 Standard error 5 .14 .23 .18 .29 .21 .27 .15 Interquartile range 6 75th percentile 7.00 7.64 7.71 7.59 7.01 7.18 6.25 25th percentile 5.88 6.14 6.06 6.17 6.17 5.00 5.88 Purpose of loan Feeder livestock 7.02 6.69 7.02 7.12 7.14 7.00 6.90 Other livestock 7.06 7.19 7.29 7.69 6.37 6.87 n.a. Other current operating expenses 7 6.17 6.71 6.56 6.75 6.43 5.93 5.68 Farm machinery and equipment 6.58 7.70 7.02 6.99 6.69 9.00 5.11 Farm real estate 6.38 n.a. 6.57 n.a. 6.50 6.37 6.37 Other 8 6.68 7.95 6.44 7.55 7.16 6.16 6.70 Share of total loan volume Features of loan Floating rates 41.82 34.88 40.90 42.00 38.19 59.53 35.50 Under commitment 52.56 59.08 48.90 36.84 54.21 49.46 58.77 Callable 22.63 19.02 16.76 14.88 11.62 8.05 41.10 Purpose of loan Feeder livestock 8.07 1.62 14.40 8.61 8.10 11.98 4.58 Other livestock 5.61 13.80 9.55 9.19 6.19 8.30 n.a. Other current operating expenses 7 57.75 67.30 60.20 70.56 57.79 35.05 63.33 Farm machinery and equipment 9.37 13.46 13.33 4.22 17.21 4.35 7.79 Farm real estate 9.06 n.a. 1.09 n.a. 2.82 22.52 12.17 Other 8 10.14 3.83 1.43 7.42 7.90 17.81 12.13 Type of collateral Farm real estate 21.20 8.50 14.00 11.98 7.52 42.27 24.30 Other 76.24 80.20 76.77 81.02 92.48 57.73 75.70 _______________________________________________________________________________________________________________________________ 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