A.9. Characteristics of Bank Loans to Farmers -- Large 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) 712,368 27,284 50,146 57,573 79,014 175,578 322,773 Number of loans 15,107 7,233 3,272 1,665 1,199 1,181 557 Weighted average maturity (months) 1 14.44 8.15 10.17 11.03 11.31 17.24 15.48 Weighted average repricing interval (months) 2 3.11 1.81 3.27 3.12 3.90 3.90 2.58 Weighted average risk rating 3 3.31 3.36 3.30 3.35 3.40 3.27 3.31 Weighted average interest rate 4 4.95 6.11 5.75 5.48 5.42 5.10 4.45 Standard error 5 .30 .24 .21 .22 .26 .22 .38 Interquartile range 6 75th percentile 6.17 7.14 6.69 6.45 6.35 6.18 5.25 25th percentile 3.80 5.12 4.60 4.33 4.33 4.07 3.29 Purpose of loan Feeder livestock 4.77 5.70 5.53 5.12 5.40 4.81 4.56 Other livestock 4.22 5.72 5.41 5.16 4.69 4.39 3.61 Other current operating expenses 7 5.42 6.29 5.87 5.58 5.63 5.52 4.98 Farm machinery and equipment 5.09 6.77 6.10 5.45 6.43 4.56 4.27 Farm real estate 5.57 5.14 6.29 5.55 5.58 5.74 5.37 Other 8 4.36 5.46 5.27 5.42 4.98 4.60 3.84 Share of total loan volume Features of loan Floating rates 84.96 83.85 80.74 83.64 76.81 78.99 91.19 Under commitment 84.52 93.07 84.29 86.45 83.63 77.93 87.28 Callable 16.01 21.73 24.21 17.11 20.32 22.64 9.39 Purpose of loan Feeder livestock 15.91 3.91 7.34 5.74 18.05 10.56 22.47 Other livestock 7.86 5.82 6.62 7.34 10.23 6.83 8.31 Other current operating expenses 7 43.23 67.59 55.34 51.89 42.19 49.12 34.79 Farm machinery and equipment 6.08 5.53 10.62 11.18 6.28 6.96 3.97 Farm real estate 3.28 1.19 2.86 2.42 3.74 3.90 3.24 Other 8 23.64 15.95 17.21 21.44 19.51 22.63 27.23 Type of collateral Farm real estate 8.85 5.08 5.74 6.81 14.95 13.94 5.75 Other 85.72 88.76 86.37 86.13 79.60 80.74 89.50 _______________________________________________________________________________________________________________________________ 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