A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 3-7, 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) 274,621 18,571 38,909 42,605 47,541 69,422 57,573 Number of loans 8,860 3,584 2,716 1,266 695 454 143 Weighted average maturity (months) 1 32.56 11.70 13.70 16.82 27.00 38.87 60.84 Weighted average repricing interval (months) 2 14.84 6.08 7.59 9.84 15.77 16.44 23.51 Weighted average risk rating 3 2.36 2.50 2.63 2.29 2.98 2.42 1.55 Weighted average interest rate 4 6.29 6.84 6.48 6.71 6.49 5.63 6.32 Standard error 5 .21 .21 .14 .26 .28 .23 .47 Interquartile range 6 75th percentile 7.00 7.64 7.39 7.79 7.00 6.00 6.61 25th percentile 5.50 6.08 5.74 5.33 5.65 5.03 5.53 Purpose of loan Feeder livestock 5.89 6.34 5.83 7.16 7.46 5.16 5.77 Other livestock 6.19 5.93 6.61 6.27 6.93 5.57 n.a. Other current operating expenses 7 6.08 6.73 6.56 6.65 6.07 5.28 5.42 Farm machinery and equipment 7.16 8.44 6.62 7.31 6.79 7.45 n.a. Farm real estate 6.39 6.09 7.06 5.17 6.89 6.09 6.55 Other 8 6.99 7.76 5.96 7.51 6.92 5.59 7.76 Share of total loan volume Features of loan Floating rates 38.30 53.11 48.77 40.26 42.57 32.68 28.26 Under commitment 57.88 66.84 63.65 61.06 49.98 57.73 55.47 Callable 21.87 23.24 26.02 30.68 30.01 26.34 n.a. Purpose of loan Feeder livestock 11.17 1.77 7.98 9.57 5.32 15.50 17.18 Other livestock 6.54 4.60 8.67 7.52 7.71 9.91 n.a. Other current operating expenses 7 49.97 82.45 61.29 59.05 52.97 42.77 31.33 Farm machinery and equipment 7.47 6.30 12.60 11.45 7.41 8.68 n.a. Farm real estate 13.67 .50 2.21 6.21 12.09 15.18 30.65 Other 8 11.17 4.38 7.25 6.20 14.50 7.95 20.84 Type of collateral Farm real estate 22.22 4.94 6.24 13.98 21.51 34.36 30.65 Other 76.45 87.19 90.99 83.41 78.49 65.64 69.35 _______________________________________________________________________________________________________________________________ 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