A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 5-9, 2008 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) 502,367 22,418 43,801 44,498 68,815 98,839 223,996 Number of loans 10,720 4,192 2,973 1,340 1,098 688 429 Weighted average maturity (months) 1 42.34 11.79 15.60 19.90 16.32 27.18 69.46 Weighted average repricing interval (months) 2 26.95 7.18 10.03 13.46 9.31 12.51 46.57 Weighted average risk rating 3 2.31 2.34 2.22 2.65 2.32 2.23 2.28 Weighted average interest rate 4 6.82 7.55 7.18 7.06 7.13 6.81 6.55 Standard error 5 .13 .18 .18 .21 .24 .33 .14 Interquartile range 6 75th percentile 7.28 8.18 7.95 7.95 8.08 7.68 6.78 25th percentile 6.09 6.94 6.40 6.35 6.18 6.01 6.09 Purpose of loan Feeder livestock 6.59 8.03 8.66 7.63 6.45 7.02 5.00 Other livestock 7.75 8.70 7.33 7.47 7.90 7.75 n.a. Other current operating expenses 7 6.86 7.28 6.99 7.01 7.09 6.78 6.67 Farm machinery and equipment 6.80 7.95 7.56 6.76 6.74 6.74 6.23 Farm real estate 6.50 8.06 7.49 7.07 6.66 6.07 6.57 Other 8 6.71 7.50 8.42 6.40 6.82 n.a. 6.40 Share of total loan volume Features of loan Floating rates 42.91 37.53 35.56 41.88 51.69 50.76 38.93 Under commitment 52.83 58.33 56.92 55.15 52.34 40.98 56.40 Callable 20.93 18.37 17.84 18.10 15.96 12.78 27.48 Purpose of loan Feeder livestock 4.64 4.62 1.08 9.18 3.92 8.71 2.85 Other livestock 7.14 9.39 8.41 13.99 13.12 14.99 n.a. Other current operating expenses 7 55.05 69.89 70.10 57.27 70.85 49.69 47.69 Farm machinery and equipment 7.33 13.17 13.67 9.41 6.48 6.99 5.50 Farm real estate 22.77 .62 3.07 2.10 2.17 19.63 40.66 Other 8 3.08 2.30 3.66 8.05 3.46 n.a. 3.30 Type of collateral Farm real estate 30.39 5.29 15.26 15.10 8.35 21.25 49.69 Other 68.24 89.22 81.09 79.86 89.02 78.75 50.31 _______________________________________________________________________________________________________________________________ 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