A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 6-10, 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) 285,178 17,699 35,044 42,186 44,802 41,078 104,369 Number of loans 8,353 3,452 2,434 1,296 689 315 165 Weighted average maturity (months) 1 47.37 12.87 13.53 32.10 27.67 57.86 74.85 Weighted average repricing interval (months) 2 22.10 8.59 8.51 20.34 16.40 34.60 27.20 Weighted average risk rating 3 2.33 2.45 2.40 2.35 1.91 2.20 2.50 Weighted average interest rate 4 8.51 9.19 9.13 9.15 8.64 8.19 7.99 Standard error 5 .22 .17 .14 .17 .27 .16 .52 Interquartile range 6 75th percentile 9.26 9.69 9.72 9.75 9.42 8.54 8.28 25th percentile 7.76 8.50 8.50 8.45 7.93 7.76 7.14 Purpose of loan Feeder livestock 8.65 9.17 8.77 9.44 8.14 8.14 n.a. Other livestock 9.19 9.55 9.47 9.26 9.58 8.62 n.a. Other current operating expenses 7 9.03 9.09 9.20 9.40 8.45 8.77 9.13 Farm machinery and equipment 8.29 9.62 8.99 8.80 9.60 7.57 8.10 Farm real estate 7.92 7.68 8.01 8.02 7.94 7.88 n.a. Other 8 7.44 9.42 n.a. n.a. 8.98 n.a. 7.14 Share of total loan volume Features of loan Floating rates 43.49 38.87 34.51 35.75 24.18 42.32 59.18 Under commitment 61.53 56.52 51.39 51.11 44.14 33.74 88.41 Callable 24.47 19.73 20.26 31.86 25.60 33.53 19.65 Purpose of loan Feeder livestock 6.45 3.23 8.34 12.66 11.32 10.93 n.a. Other livestock 6.45 8.23 4.98 7.76 12.93 14.93 n.a. Other current operating expenses 7 41.85 66.08 70.71 51.30 51.56 26.04 26.27 Farm machinery and equipment 21.15 10.75 13.95 17.94 4.41 20.19 34.20 Farm real estate 7.06 2.09 2.02 10.33 7.21 27.90 n.a. Other 8 17.04 9.62 n.a. n.a. 12.57 n.a. 39.53 Type of collateral Farm real estate 38.02 3.46 8.24 20.88 32.06 41.12 62.13 Other 61.01 87.80 88.21 79.12 67.94 58.88 37.87 _______________________________________________________________________________________________________________________________ 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