A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, August 2-6, 2004 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) 853,742 32,796 49,143 55,516 74,019 138,858 503,411 Number of loans 16,825 9,033 3,432 1,676 1,148 938 598 Weighted average maturity (months) 1 16.53 9.47 9.94 10.37 9.89 18.94 18.61 Weighted average repricing interval (months) 2 6.25 2.07 2.85 3.32 3.82 6.03 7.59 Weighted average risk rating 3 3.15 3.08 3.12 3.07 3.18 3.08 3.19 Weighted average interest rate 4 5.12 6.23 5.97 5.49 5.23 4.95 4.96 Standard error 5 .10 .21 .23 .17 .15 .18 .18 Interquartile range 6 75th percentile 5.64 7.23 6.98 6.37 6.14 5.83 5.39 25th percentile 4.33 5.35 4.85 4.55 4.33 4.32 4.32 Purpose of loan Feeder livestock 5.07 6.11 6.01 5.75 5.57 4.89 4.30 Other livestock 4.81 5.75 6.14 5.83 4.61 5.20 4.60 Other current operating expenses 7 5.29 6.35 6.06 5.60 5.46 4.96 4.76 Farm machinery and equipment 5.07 5.93 5.87 5.44 5.10 4.82 4.98 Farm real estate 5.42 6.42 6.42 5.37 6.49 6.44 4.90 Other 8 5.06 5.36 5.35 4.79 4.73 4.39 5.14 Share of total loan volume Features of loan Floating rates 85.64 82.72 82.63 78.52 78.11 83.51 88.61 Under commitment 81.77 88.32 83.51 75.01 80.10 75.27 83.96 Callable 19.83 28.92 26.49 33.92 27.92 28.30 13.52 Purpose of loan Feeder livestock 4.56 4.24 4.85 6.72 9.15 11.22 1.80 Other livestock 10.97 2.31 3.79 7.31 13.94 13.17 11.59 Other current operating expenses 7 32.56 78.05 69.46 59.21 44.35 38.28 19.74 Farm machinery and equipment 9.23 8.09 7.77 9.51 10.82 12.53 8.27 Farm real estate 4.70 1.39 2.12 2.99 4.22 5.88 5.10 Other 8 38.00 5.93 12.03 14.26 17.52 18.92 53.51 Type of collateral Farm real estate 10.20 3.64 6.31 7.17 6.70 15.63 10.35 Other 84.46 89.30 84.85 86.26 83.37 75.09 86.65 _______________________________________________________________________________________________________________________________ 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