A.9. Characteristics of Bank Loans to Farmers -- Large 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) 1,002,630 40,983 85,240 103,542 140,427 237,229 395,208 Number of loans 20,576 7,472 5,539 3,088 2,150 1,601 726 Weighted average maturity (months) 1 20.60 11.06 12.42 13.88 20.19 29.83 19.61 Weighted average repricing interval (months) 2 8.32 2.44 3.81 5.66 9.28 17.38 4.78 Weighted average risk rating 3 3.21 3.10 3.10 3.03 3.20 3.28 3.25 Weighted average interest rate 4 8.48 9.14 9.06 8.96 8.78 8.38 8.10 Standard error 5 .11 .09 .07 .11 .13 .14 .18 Interquartile range 6 75th percentile 9.34 9.87 9.69 9.68 9.65 9.08 8.87 25th percentile 7.71 8.50 8.36 8.30 8.02 7.58 7.30 Purpose of loan Feeder livestock 8.72 9.36 8.95 9.09 8.48 8.71 8.53 Other livestock 8.16 9.19 8.76 8.46 8.70 7.58 7.82 Other current operating expenses 7 8.86 9.15 9.14 9.06 8.95 8.54 8.72 Farm machinery and equipment 8.66 9.07 9.07 9.20 9.06 8.85 7.98 Farm real estate 8.00 8.44 8.72 8.42 8.52 8.18 7.72 Other 8 7.90 9.08 8.70 8.45 8.25 8.01 7.70 Share of total loan volume Features of loan Floating rates 79.38 77.78 75.87 78.58 72.02 74.98 85.77 Under commitment 75.95 86.44 79.27 72.85 72.58 73.14 77.83 Callable 20.89 28.10 28.70 23.96 30.76 20.68 14.27 Purpose of loan Feeder livestock 4.95 2.90 5.57 6.10 5.36 7.31 3.17 Other livestock 4.96 5.19 2.88 5.78 7.50 2.82 5.55 Other current operating expenses 7 47.01 77.56 72.33 61.49 62.98 38.68 33.91 Farm machinery and equipment 8.36 4.55 8.36 12.32 3.38 13.05 6.66 Farm real estate 8.41 .67 1.04 2.65 7.30 11.88 10.62 Other 8 26.32 9.11 9.83 11.66 13.49 26.26 40.08 Type of collateral Farm real estate 13.64 4.00 4.87 7.07 15.62 18.20 14.80 Other 82.45 91.57 90.90 88.21 82.86 77.41 81.05 _______________________________________________________________________________________________________________________________ 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