A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 3-7, 2010 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) 426,712 21,237 48,280 49,588 81,295 58,133 168,178 Number of loans 10,474 3,814 3,231 1,451 1,212 405 361 Weighted average maturity (months) 1 33.11 11.01 13.23 25.71 25.00 24.78 50.51 Weighted average repricing interval (months) 2 14.53 6.57 8.24 15.62 14.19 7.86 19.49 Weighted average risk rating 3 2.34 2.62 2.54 2.73 2.69 2.65 1.92 Weighted average interest rate 4 6.45 6.87 6.77 6.26 6.42 6.38 6.40 Standard error 5 .06 .20 .11 .12 .12 .24 .20 Interquartile range 6 75th percentile 6.98 7.64 7.50 6.76 6.65 6.61 7.00 25th percentile 5.90 6.15 6.14 5.75 6.01 5.79 5.90 Purpose of loan Feeder livestock 6.04 6.67 7.03 6.98 5.99 7.50 5.53 Other livestock 6.67 7.69 6.63 5.95 7.25 6.17 n.a. Other current operating expenses 7 6.41 6.51 6.70 6.10 6.36 6.34 6.43 Farm machinery and equipment 6.78 8.30 7.02 6.86 6.41 6.70 6.51 Farm real estate 6.09 7.52 7.05 6.98 5.98 5.98 6.01 Other 8 7.02 7.74 6.94 6.05 6.82 6.25 7.24 Share of total loan volume Features of loan Floating rates 42.27 41.06 34.05 47.93 37.38 56.80 40.46 Under commitment 54.82 60.05 51.04 51.54 47.88 40.27 64.61 Callable 28.01 23.12 23.02 21.85 35.79 39.03 24.31 Purpose of loan Feeder livestock 8.91 5.98 7.78 8.11 7.09 3.39 12.63 Other livestock 5.79 13.39 8.06 13.52 8.86 6.99 n.a. Other current operating expenses 7 59.68 68.64 67.52 57.68 54.31 74.79 54.27 Farm machinery and equipment 7.06 8.38 12.25 10.50 10.36 7.52 2.63 Farm real estate 8.63 1.89 1.71 3.57 9.67 4.06 14.04 Other 8 9.92 1.73 2.68 6.62 9.70 3.25 16.42 Type of collateral Farm real estate 19.21 9.56 7.28 13.50 16.70 24.21 25.01 Other 79.05 81.58 88.79 85.60 81.15 73.25 74.99 _______________________________________________________________________________________________________________________________ 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