A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 7-11, 2007 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) 359,873 28,394 51,754 45,289 68,585 62,797 103,055 Number of loans 11,901 5,330 3,517 1,389 1,054 421 190 Weighted average maturity (months) 1 22.18 11.19 12.77 21.72 29.15 36.66 16.68 Weighted average repricing interval (months) 2 10.57 6.47 7.25 9.23 10.96 13.17 12.13 Weighted average risk rating 3 2.59 2.27 2.43 2.41 2.49 2.75 2.78 Weighted average interest rate 4 9.04 9.22 9.24 8.98 9.28 9.04 8.75 Standard error 5 .07 .09 .10 .16 .11 .15 .19 Interquartile range 6 75th percentile 9.50 9.73 9.78 9.38 9.87 9.50 8.88 25th percentile 8.42 8.61 8.80 8.30 8.75 8.37 8.25 Purpose of loan Feeder livestock 9.26 9.53 9.54 8.63 9.55 9.01 9.99 Other livestock 9.29 9.74 8.94 9.06 9.35 9.50 n.a. Other current operating expenses 7 9.03 9.09 9.31 9.20 9.33 9.11 8.73 Farm machinery and equipment 8.68 9.53 8.90 8.40 n.a. 8.59 n.a. Farm real estate 8.63 n.a. 8.86 9.41 8.59 n.a. 8.14 Other 8 9.13 8.86 9.74 9.04 9.57 8.94 n.a. Share of total loan volume Features of loan Floating rates 35.25 40.40 46.14 47.28 54.89 36.96 8.95 Under commitment 59.92 59.90 49.94 45.30 51.98 56.60 78.66 Callable 23.19 21.01 14.94 17.73 20.60 12.82 38.39 Purpose of loan Feeder livestock 7.51 3.65 5.42 5.82 5.36 20.80 3.69 Other livestock 9.07 11.74 12.21 7.99 24.70 3.88 n.a. Other current operating expenses 7 68.08 69.81 67.26 57.10 53.99 51.59 92.27 Farm machinery and equipment 6.16 9.88 7.51 22.78 n.a. 8.21 n.a. Farm real estate 4.62 n.a. 4.89 4.85 11.31 n.a. 4.03 Other 8 4.56 4.93 2.72 1.46 4.64 15.52 n.a. Type of collateral Farm real estate 12.21 7.78 6.57 13.75 18.07 24.76 4.03 Other 84.24 83.72 90.44 82.78 81.93 75.24 88.93 _______________________________________________________________________________________________________________________________ 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