A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 1-5, 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) 462,529 28,904 57,507 50,554 43,237 101,306 181,020 Number of loans 12,642 5,414 3,911 1,578 680 687 373 Weighted average maturity (months) 1 33.20 12.36 14.25 15.33 26.94 41.81 44.73 Weighted average repricing interval (months) 2 15.20 6.80 9.12 8.80 13.33 22.75 16.46 Weighted average risk rating 3 2.54 2.40 2.31 2.39 2.31 2.51 2.73 Weighted average interest rate 4 8.47 8.49 8.79 8.56 8.77 8.46 8.27 Standard error 5 .16 .21 .13 .22 .39 .21 .16 Interquartile range 6 75th percentile 9.00 9.14 9.31 9.10 9.15 9.00 8.80 25th percentile 7.98 8.04 8.15 8.22 7.75 7.76 7.98 Purpose of loan Feeder livestock 7.91 8.97 8.74 8.26 8.60 8.81 7.44 Other livestock 8.98 9.03 8.84 9.30 7.76 9.08 n.a. Other current operating expenses 7 8.55 8.35 8.76 8.65 8.39 8.80 8.43 Farm machinery and equipment 8.80 8.47 8.73 8.62 9.76 9.17 8.57 Farm real estate 8.01 9.11 9.37 7.97 10.59 7.63 7.77 Other 8 8.49 9.30 8.30 6.91 n.a. 8.75 8.49 Share of total loan volume Features of loan Floating rates 36.32 49.82 41.84 45.34 47.53 26.38 32.79 Under commitment 58.06 68.88 43.63 51.12 53.03 44.64 71.57 Callable 32.19 19.59 12.78 23.93 4.79 18.86 56.69 Purpose of loan Feeder livestock 7.65 6.32 5.69 10.61 5.09 1.72 11.58 Other livestock 6.18 10.05 15.76 10.49 3.34 9.76 n.a. Other current operating expenses 7 57.66 72.77 62.20 56.56 70.50 42.51 59.52 Farm machinery and equipment 7.81 8.50 9.64 10.58 9.22 4.34 7.94 Farm real estate 13.51 .24 4.69 8.32 11.84 32.27 9.78 Other 8 7.19 2.12 2.03 3.43 n.a. 9.40 11.18 Type of collateral Farm real estate 26.74 6.83 4.83 5.69 12.77 38.86 39.31 Other 72.27 90.30 91.18 93.53 84.82 61.14 60.69 _______________________________________________________________________________________________________________________________ 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