A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 2-6, 2009 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) 297,125 14,994 37,202 43,649 45,185 58,592 97,503 Number of loans 8,006 2,817 2,710 1,286 669 401 123 Weighted average maturity (months) 1 23.76 9.69 10.14 14.11 28.75 60.86 10.81 Weighted average repricing interval (months) 2 15.49 5.63 6.55 9.04 19.37 47.62 2.19 Weighted average risk rating 3 2.53 2.67 2.38 2.78 2.28 2.51 2.70 Weighted average interest rate 4 6.46 7.04 6.68 7.08 6.60 6.66 5.84 Standard error 5 .13 .21 .19 .28 .25 .25 .27 Interquartile range 6 75th percentile 7.01 7.92 7.38 8.00 7.02 7.50 6.18 25th percentile 5.88 6.11 6.15 6.40 6.09 6.03 5.64 Purpose of loan Feeder livestock 6.35 7.21 6.88 7.94 6.18 6.86 5.06 Other livestock 7.45 7.93 6.20 7.66 7.36 7.64 n.a. Other current operating expenses 7 6.48 6.79 6.60 6.72 6.65 7.51 6.07 Farm machinery and equipment 7.07 6.78 7.14 7.29 6.54 n.a. n.a. Farm real estate 6.00 7.79 6.15 5.35 6.14 6.20 5.64 Other 8 6.75 8.79 6.75 7.06 6.58 6.45 n.a. Share of total loan volume Features of loan Floating rates 47.73 35.71 33.47 34.88 37.80 20.15 81.94 Under commitment 57.20 57.29 68.10 52.02 45.45 22.01 81.94 Callable 27.71 27.66 22.85 20.55 41.65 16.62 32.98 Purpose of loan Feeder livestock 16.56 12.40 17.69 12.86 19.09 20.47 14.92 Other livestock 6.49 13.34 4.83 15.05 14.29 4.20 n.a. Other current operating expenses 7 51.82 64.75 65.74 51.91 45.90 18.86 67.02 Farm machinery and equipment 4.40 6.74 10.18 13.41 5.35 n.a. n.a. Farm real estate 18.40 .97 1.05 2.51 11.47 51.65 18.06 Other 8 2.32 1.80 .50 4.26 3.89 4.82 n.a. Type of collateral Farm real estate 22.66 10.44 2.25 9.09 18.79 59.48 18.06 Other 76.16 86.07 94.91 88.79 78.97 40.52 81.94 _______________________________________________________________________________________________________________________________ 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