A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 4-8, 2002 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 $9,000 $24,000 $49,000 $99,000 $249,000 and over _______________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 418,402 40,050 54,977 73,796 51,672 42,228 155,680 Number of loans 17,663 10,586 3,568 2,119 832 281 277 Weighted average maturity (months) 1 37.99 9.27 9.23 8.12 20.78 49.01 71.62 Weighted average repricing interval (months) 2 10.58 4.53 5.50 3.86 12.23 16.18 14.97 Weighted average risk rating 3 2.03 2.47 2.38 2.16 2.41 2.29 1.38 Weighted average interest rate 4 6.90 7.70 7.36 7.47 6.74 6.90 6.31 Standard error 5 .19 .15 .11 .24 .24 .40 .47 Interquartile range 6 75th percentile 7.64 8.25 8.01 8.01 7.38 7.75 7.25 25th percentile 5.89 7.18 6.92 6.93 6.00 6.17 5.64 Purpose of loan Feeder livestock 6.83 7.57 6.93 7.98 7.23 6.12 5.83 Other livestock 7.26 8.17 7.46 7.41 6.64 5.75 n.a. Other current operating expenses 7 7.10 7.58 7.37 7.45 6.40 6.90 6.94 Farm machinery and equipment 7.54 8.02 7.54 6.82 6.96 9.11 n.a. Farm real estate 6.17 6.23 6.00 7.25 6.08 7.00 5.85 Other 8 5.64 8.45 8.05 6.39 7.76 n.a. 4.25 Share of total loan volume Features of loan Floating rates 63.17 51.57 45.10 51.57 41.23 61.18 85.86 Under commitment 57.45 57.61 47.46 55.47 42.52 52.62 68.15 Callable 11.26 15.37 17.83 19.89 12.18 24.10 n.a. Purpose of loan Feeder livestock 16.11 8.19 13.98 22.07 22.90 13.08 14.64 Other livestock 9.87 11.51 11.96 26.55 15.83 5.50 n.a. Other current operating expenses 7 51.35 68.12 63.38 36.68 37.74 54.06 53.51 Farm machinery and equipment 4.52 8.03 5.42 2.86 15.06 6.69 n.a. Farm real estate 12.90 .97 .42 6.14 5.04 20.67 24.08 Other 8 5.26 3.17 4.84 5.70 3.45 28.65 n.a. Type of collateral Farm real estate 18.22 4.01 2.93 11.92 6.91 26.17 31.85 Other 80.13 89.65 93.19 87.24 89.95 73.83 68.15 _______________________________________________________________________________________________________________________________ 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