A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, November 4-8, 2002 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 $9,000 $24,000 $49,000 $99,000 $249,000 and over _______________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 689,089 30,428 53,241 55,362 87,536 137,412 325,110 Number of loans 15,682 7,777 3,579 1,627 1,306 937 455 Weighted average maturity (months) 1 10.73 6.35 8.71 11.44 8.92 12.93 10.91 Weighted average repricing interval (months) 2 1.76 .94 2.39 3.54 2.17 2.35 1.08 Weighted average risk rating 3 3.30 3.37 3.37 3.32 3.38 3.46 3.19 Weighted average interest rate 4 4.74 6.27 6.05 5.76 5.19 4.91 4.02 Standard error 5 .26 .28 .25 .16 .20 .16 .29 Interquartile range 6 75th percentile 5.39 7.25 7.25 6.92 6.11 5.61 4.59 25th percentile 3.30 5.12 4.85 4.60 4.33 4.07 3.30 Purpose of loan Feeder livestock 4.53 5.87 5.99 5.79 5.57 4.72 3.82 Other livestock 4.44 6.07 5.53 5.64 4.45 4.88 3.93 Other current operating expenses 7 5.36 6.43 6.25 5.90 5.41 5.02 4.66 Farm machinery and equipment 6.28 7.24 6.86 6.05 6.08 4.84 5.61 Farm real estate 5.12 6.14 7.43 5.53 5.92 6.66 4.48 Other 8 4.17 5.64 5.40 5.41 4.66 4.67 3.79 Share of total loan volume Features of loan Floating rates 90.75 87.72 81.34 82.46 83.55 91.90 95.43 Under commitment 93.30 96.21 93.12 93.00 91.70 93.57 93.42 Callable 12.71 19.97 24.20 20.19 20.08 13.66 6.50 Purpose of loan Feeder livestock 9.82 4.59 6.07 9.97 9.75 10.02 10.83 Other livestock 10.67 5.21 7.33 11.06 12.08 8.95 12.01 Other current operating expenses 7 37.50 69.89 58.95 51.33 53.64 48.30 19.68 Farm machinery and equipment 1.41 2.48 5.02 4.35 2.54 .14 .45 Farm real estate 3.09 .86 1.53 1.57 1.84 2.49 4.39 Other 8 37.51 16.97 21.11 21.72 20.15 30.09 52.62 Type of collateral Farm real estate 5.40 3.29 4.88 5.66 5.41 5.85 5.45 Other 84.12 90.60 89.20 85.98 87.97 86.25 80.42 _______________________________________________________________________________________________________________________________ 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