A.9. Characteristics of Bank Loans to Farmers -- Large 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) 1,039,501 36,117 78,177 101,321 119,851 241,627 462,409 Number of loans 19,060 6,795 5,144 2,996 1,802 1,604 720 Weighted average maturity (months) 1 17.94 10.46 10.46 11.70 13.64 26.93 17.52 Weighted average repricing interval (months) 2 3.23 2.51 2.61 3.37 3.61 6.40 1.61 Weighted average risk rating 3 3.34 3.06 3.17 3.14 3.31 3.37 3.42 Weighted average interest rate 4 4.41 5.38 5.14 4.92 4.79 4.50 3.95 Standard error 5 .23 .09 .20 .19 .21 .29 .31 Interquartile range 6 75th percentile 5.53 6.16 6.09 6.00 6.13 5.65 4.86 25th percentile 3.25 4.77 4.29 4.04 3.43 3.17 2.66 Purpose of loan Feeder livestock 4.47 5.26 4.97 5.50 4.48 4.39 3.88 Other livestock 3.60 4.84 4.23 4.08 3.77 3.82 3.07 Other current operating expenses 7 4.74 5.43 5.34 5.18 5.18 4.74 4.26 Farm machinery and equipment 5.39 7.41 5.66 5.26 5.63 5.24 3.99 Farm real estate 5.41 6.95 5.79 4.17 5.63 5.62 5.08 Other 8 3.62 4.09 4.01 3.68 3.47 3.83 3.53 Share of total loan volume Features of loan Floating rates 86.73 84.40 84.29 82.38 82.48 83.74 90.95 Under commitment 82.91 84.76 80.67 79.82 78.83 74.73 89.14 Callable 23.31 27.61 25.35 24.86 27.06 29.03 18.34 Purpose of loan Feeder livestock 4.68 4.77 4.77 5.26 7.43 6.70 2.76 Other livestock 6.11 4.96 4.54 4.95 5.61 9.31 5.18 Other current operating expenses 7 57.76 76.39 73.23 70.42 59.78 51.48 53.67 Farm machinery and equipment 2.83 4.30 4.06 4.04 6.18 4.36 .57 Farm real estate 3.25 1.09 1.84 .37 3.32 5.78 2.95 Other 8 25.37 8.49 11.56 14.96 17.67 22.36 34.87 Type of collateral Farm real estate 10.71 5.19 7.41 8.68 9.27 15.93 9.80 Other 84.85 90.79 89.65 89.12 85.59 80.16 84.90 _______________________________________________________________________________________________________________________________ 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