A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 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) 369,523 34,729 54,772 69,512 72,784 56,418 81,308 Number of loans 15,699 8,460 3,734 1,896 1,092 366 150 Weighted average maturity (months) 1 29.95 9.48 13.67 12.76 21.72 35.57 67.47 Weighted average repricing interval (months) 2 8.83 5.56 7.72 7.15 12.61 5.41 11.40 Weighted average risk rating 3 2.29 2.35 2.42 2.30 2.13 2.20 2.39 Weighted average interest rate 4 6.21 7.06 6.81 6.60 6.35 6.17 5.02 Standard error 5 .19 .10 .07 .13 .17 .38 .57 Interquartile range 6 75th percentile 7.00 7.74 7.63 7.12 6.81 7.08 6.17 25th percentile 5.51 6.16 6.12 6.08 5.90 5.25 3.79 Purpose of loan Feeder livestock 6.29 6.53 6.60 7.13 6.09 6.03 5.51 Other livestock 6.95 7.65 7.50 6.54 7.29 6.95 n.a. Other current operating expenses 7 5.88 7.07 6.64 6.36 6.06 6.38 4.53 Farm machinery and equipment 7.03 7.48 6.98 6.71 6.68 8.00 n.a. Farm real estate 6.11 6.34 7.19 5.54 6.09 5.20 6.32 Other 8 5.63 5.98 6.61 6.39 5.65 4.59 n.a. Share of total loan volume Features of loan Floating rates 42.63 40.83 42.93 43.13 30.27 51.84 47.43 Under commitment 44.64 54.03 49.95 59.01 35.88 58.49 23.00 Callable 27.66 13.37 15.98 22.20 11.61 30.57 58.65 Purpose of loan Feeder livestock 17.54 3.91 7.02 19.71 21.14 46.24 5.44 Other livestock 14.30 5.62 15.34 35.02 16.76 10.55 n.a. Other current operating expenses 7 47.51 76.17 61.17 33.21 34.35 18.48 70.23 Farm machinery and equipment 7.94 9.00 10.33 8.59 13.79 8.06 n.a. Farm real estate 9.23 .99 1.75 .93 9.69 9.42 24.33 Other 8 3.48 4.32 4.39 2.54 4.26 7.25 n.a. Type of collateral Farm real estate 14.57 9.66 5.49 5.55 14.16 23.99 24.33 Other 80.34 83.79 87.34 89.89 85.84 76.01 64.09 _______________________________________________________________________________________________________________________________ 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