A.9. Characteristics of Bank Loans to Farmers -- Large 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) 787,864 32,225 53,811 65,685 92,698 179,342 364,103 Number of loans 16,444 7,811 3,587 1,926 1,417 1,178 525 Weighted average maturity (months) 1 14.32 7.28 7.87 10.12 10.88 17.62 15.89 Weighted average repricing interval (months) 2 2.57 .90 1.62 2.48 2.82 4.71 1.77 Weighted average risk rating 3 3.45 3.41 3.38 3.30 3.41 3.36 3.56 Weighted average interest rate 4 4.49 5.73 5.51 5.38 4.89 4.54 3.95 Standard error 5 .12 .27 .29 .21 .21 .15 .18 Interquartile range 6 75th percentile 5.12 6.70 6.43 6.36 5.83 5.12 4.60 25th percentile 3.31 4.60 4.45 4.27 4.06 3.68 3.03 Purpose of loan Feeder livestock 3.99 5.46 5.73 5.55 5.22 4.41 3.42 Other livestock 4.19 5.32 5.49 5.56 4.87 4.27 3.64 Other current operating expenses 7 4.79 5.87 5.62 5.46 4.77 4.47 4.08 Farm machinery and equipment 4.96 5.77 5.51 5.81 5.33 4.62 4.56 Farm real estate 5.86 5.55 3.70 5.28 5.01 6.31 5.81 Other 8 4.23 5.09 4.90 4.67 4.58 4.45 4.05 Share of total loan volume Features of loan Floating rates 90.62 90.29 87.93 85.72 82.99 85.97 96.17 Under commitment 92.95 93.33 92.78 87.36 88.71 88.26 97.33 Callable 17.08 24.63 22.51 26.09 22.43 20.83 10.78 Purpose of loan Feeder livestock 18.68 4.80 6.44 8.93 18.07 17.07 24.42 Other livestock 8.06 4.10 4.17 4.97 9.77 9.57 8.36 Other current operating expenses 7 38.46 75.82 68.14 65.98 44.99 39.10 23.82 Farm machinery and equipment 4.92 3.02 7.75 3.78 8.76 9.22 1.78 Farm real estate 3.48 .48 .22 3.21 1.96 4.84 3.99 Other 8 26.41 11.79 13.29 13.14 16.45 20.21 37.62 Type of collateral Farm real estate 5.87 2.67 4.10 5.72 2.91 8.80 5.76 Other 89.07 89.25 90.61 89.61 92.54 87.49 88.62 _______________________________________________________________________________________________________________________________ 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