A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, February 3-7, 2003 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) 681,410 36,176 63,894 84,332 131,563 216,146 149,300 Number of loans 20,626 9,863 4,364 2,481 2,002 1,516 400 Weighted average maturity (months) 1 34.10 12.08 13.81 18.66 38.18 43.96 39.32 Weighted average repricing interval (months) 2 12.71 6.36 5.87 9.08 13.95 12.06 19.03 Weighted average risk rating 3 2.42 2.52 2.55 2.41 2.19 2.54 2.44 Weighted average interest rate 4 6.54 7.35 7.05 6.67 6.51 6.55 6.08 Standard error 5 .14 .13 .11 .10 .12 .28 .36 Interquartile range 6 75th percentile 7.38 8.03 7.67 7.50 7.25 7.25 7.25 25th percentile 5.75 6.51 6.45 5.92 6.14 5.75 4.81 Purpose of loan Feeder livestock 6.51 7.78 6.94 6.98 6.34 6.34 5.35 Other livestock 6.86 7.43 7.09 6.66 7.01 6.61 n.a. Other current operating expenses 7 6.54 7.32 7.04 6.66 6.73 6.66 5.15 Farm machinery and equipment 6.80 7.49 7.31 6.39 6.70 6.62 6.97 Farm real estate 6.33 6.02 6.35 6.67 5.74 6.06 7.32 Other 8 6.41 7.38 7.39 6.65 6.58 7.36 6.13 Share of total loan volume Features of loan Floating rates 58.60 56.02 54.37 47.20 51.44 63.11 67.25 Under commitment 45.63 63.37 55.14 49.06 33.27 38.41 56.68 Callable 28.70 21.07 31.82 29.18 18.16 34.31 30.11 Purpose of loan Feeder livestock 9.01 3.70 10.24 17.52 15.48 6.18 3.36 Other livestock 4.61 11.04 7.12 7.14 3.93 5.40 n.a. Other current operating expenses 7 50.54 68.21 64.45 52.71 54.18 51.28 34.81 Farm machinery and equipment 12.80 11.67 12.67 15.31 6.33 14.09 15.54 Farm real estate 13.00 1.65 3.28 .60 15.96 18.99 15.64 Other 8 10.04 3.73 2.25 6.73 4.13 4.06 30.65 Type of collateral Farm real estate 24.15 5.66 7.39 15.21 23.61 35.00 25.64 Other 72.63 87.45 87.35 81.21 74.48 62.45 70.99 _______________________________________________________________________________________________________________________________ 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