A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, February 6-10, 2006 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) 1,029,892 33,656 57,669 75,228 116,222 227,035 520,081 Number of loans 19,076 8,967 3,850 2,254 1,718 1,496 790 Weighted average maturity (months) 1 16.87 9.15 11.26 13.91 14.77 19.06 17.89 Weighted average repricing interval (months) 2 4.81 2.63 3.49 5.92 4.16 6.59 4.31 Weighted average risk rating 3 3.20 3.12 3.18 2.99 2.97 3.09 3.34 Weighted average interest rate 4 7.86 8.52 8.42 8.31 8.07 7.91 7.63 Standard error 5 .09 .12 .08 .12 .12 .11 .11 Interquartile range 6 75th percentile 8.53 9.25 9.20 8.94 8.84 8.55 8.30 25th percentile 7.35 7.76 7.76 7.75 7.50 7.41 7.23 Purpose of loan Feeder livestock 7.86 8.63 8.74 8.48 8.11 8.14 7.16 Other livestock 7.80 8.50 8.46 8.12 7.29 8.25 7.50 Other current operating expenses 7 8.08 8.50 8.44 8.43 8.26 7.92 7.97 Farm machinery and equipment 7.94 8.52 8.41 8.35 8.27 8.25 7.49 Farm real estate 7.82 7.91 6.52 8.07 7.60 7.27 8.21 Other 8 7.29 8.62 8.37 7.69 7.85 7.69 6.97 Share of total loan volume Features of loan Floating rates 78.97 76.11 76.15 69.16 72.57 75.71 83.75 Under commitment 83.70 88.61 83.01 78.75 82.81 81.44 85.36 Callable 27.49 29.56 25.42 27.76 30.32 29.30 26.12 Purpose of loan Feeder livestock 7.22 5.96 8.47 7.86 15.15 7.65 5.10 Other livestock 8.34 6.03 6.93 7.68 6.96 10.25 8.22 Other current operating expenses 7 54.06 75.01 63.57 60.32 49.67 50.58 53.25 Farm machinery and equipment 6.63 5.09 10.88 9.97 8.06 5.53 5.93 Farm real estate 3.87 .50 1.82 4.10 7.29 3.72 3.59 Other 8 19.88 7.40 8.34 10.06 12.87 22.27 23.91 Type of collateral Farm real estate 8.58 4.03 7.66 9.12 13.90 10.13 7.03 Other 86.81 89.53 84.46 86.10 81.84 88.11 87.54 _______________________________________________________________________________________________________________________________ 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