A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 4-8, 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) 304,073 19,792 49,268 49,184 46,529 77,589 61,713 Number of loans 9,826 3,646 3,504 1,427 712 457 80 Weighted average maturity (months) 1 26.96 10.35 13.32 23.22 34.13 52.91 8.06 Weighted average repricing interval (months) 2 10.46 6.14 8.88 12.39 20.22 12.79 1.26 Weighted average risk rating 3 2.36 2.56 2.58 2.22 2.50 2.61 1.90 Weighted average interest rate 4 7.00 7.63 7.30 7.25 7.19 7.05 6.13 Standard error 5 .14 .12 .20 .10 .42 .32 .37 Interquartile range 6 75th percentile 7.64 8.50 8.00 8.00 7.64 7.60 6.09 25th percentile 6.09 6.82 6.40 6.16 6.50 6.17 6.09 Purpose of loan Feeder livestock 6.34 8.02 6.56 7.83 6.59 6.92 5.06 Other livestock 6.51 8.06 7.78 8.06 7.92 6.17 6.08 Other current operating expenses 7 7.23 7.43 7.11 7.23 6.87 7.61 6.85 Farm machinery and equipment 7.17 7.63 7.94 7.25 7.72 5.88 n.a. Farm real estate 6.61 8.67 6.70 6.94 7.09 6.23 n.a. Other 8 7.56 9.48 7.95 6.85 7.25 7.75 n.a. Share of total loan volume Features of loan Floating rates 56.07 40.83 39.20 46.90 30.84 64.94 89.59 Under commitment 57.97 57.25 63.13 59.18 42.41 38.28 89.59 Callable 17.86 25.03 19.78 18.11 31.57 2.99 22.17 Purpose of loan Feeder livestock 6.81 4.26 1.69 3.73 7.02 8.81 11.48 Other livestock 21.66 5.86 8.23 6.25 14.53 12.73 66.35 Other current operating expenses 7 50.82 75.16 70.78 58.86 51.31 49.35 22.17 Farm machinery and equipment 10.77 7.82 13.14 14.79 19.07 11.07 n.a. Farm real estate 4.58 1.97 .85 5.73 5.46 10.01 n.a. Other 8 5.35 4.93 5.30 10.63 2.59 8.04 n.a. Type of collateral Farm real estate 17.19 10.96 17.31 24.10 33.75 18.05 n.a. Other 80.45 80.47 77.42 69.99 66.25 81.95 100.00 _______________________________________________________________________________________________________________________________ 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