A.9. Characteristics of Bank Loans to Farmers -- Large 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) 1,230,938 30,562 75,977 89,965 136,342 217,716 680,376 Number of loans 17,408 5,537 4,975 2,618 2,012 1,453 814 Weighted average maturity (months) 1 13.24 7.24 8.29 9.38 12.37 12.03 15.12 Weighted average repricing interval (months) 2 2.76 1.94 2.63 2.87 5.12 3.42 2.11 Weighted average risk rating 3 3.33 3.13 3.13 3.23 3.22 3.54 3.33 Weighted average interest rate 4 4.19 5.39 5.23 5.07 4.96 4.36 3.69 Standard error 5 .32 .11 .16 .19 .21 .36 .37 Interquartile range 6 75th percentile 5.32 6.16 6.10 5.88 5.95 5.26 4.85 25th percentile 3.09 4.85 4.59 4.27 4.00 3.29 2.78 Purpose of loan Feeder livestock 4.03 5.58 5.25 5.58 5.28 4.89 3.49 Other livestock 3.95 5.32 4.63 5.10 4.64 3.91 3.36 Other current operating expenses 7 4.66 5.48 5.43 5.25 5.24 4.92 4.06 Farm machinery and equipment 4.13 6.04 5.23 5.05 4.93 3.90 3.74 Farm real estate 6.04 5.79 6.28 5.23 6.55 5.21 6.40 Other 8 3.33 4.20 4.05 3.79 3.85 3.43 3.17 Share of total loan volume Features of loan Floating rates 87.08 85.31 86.14 79.26 80.57 84.29 90.49 Under commitment 82.83 88.41 84.95 79.13 80.78 87.66 81.69 Callable 13.12 22.45 20.36 22.55 22.83 15.72 7.86 Purpose of loan Feeder livestock 13.94 3.91 6.72 12.90 9.11 11.09 17.21 Other livestock 5.87 4.57 3.76 8.78 6.94 8.66 4.68 Other current operating expenses 7 44.04 75.84 66.54 57.69 52.42 40.26 37.83 Farm machinery and equipment 9.10 5.71 10.26 6.63 9.68 11.83 8.47 Farm real estate 2.45 .56 1.55 .72 3.24 4.00 2.21 Other 8 24.59 9.43 11.17 13.29 18.60 24.15 29.61 Type of collateral Farm real estate 10.66 7.66 7.61 7.41 11.42 12.87 10.71 Other 85.87 90.14 90.28 91.49 85.86 85.09 84.69 _______________________________________________________________________________________________________________________________ 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