A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, May 3-7, 2004 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 $9,999 $24,999 $49,999 $99,999 $249,999 and over _______________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 466,937 39,886 67,461 53,562 67,055 128,819 110,154 Number of loans 19,255 11,172 4,336 1,631 1,008 875 232 Weighted average maturity (months) 1 42.40 12.05 13.25 15.95 25.68 43.19 91.39 Weighted average repricing interval (months) 2 11.47 6.54 8.03 8.40 12.40 18.33 8.23 Weighted average risk rating 3 2.44 2.42 2.31 2.58 2.37 2.11 3.16 Weighted average interest rate 4 6.28 7.05 6.76 6.26 6.24 5.98 6.08 Standard error 5 .14 .11 .07 .20 .09 .32 .29 Interquartile range 6 75th percentile 6.96 7.81 7.50 7.12 6.75 6.78 6.75 25th percentile 5.27 6.14 6.00 5.39 5.12 4.88 5.27 Purpose of loan Feeder livestock 5.76 7.58 5.86 6.25 6.61 5.16 n.a. Other livestock 7.19 7.49 7.86 7.01 7.98 6.31 n.a. Other current operating expenses 7 6.40 6.95 6.72 6.11 6.24 6.84 5.83 Farm machinery and equipment 6.52 7.35 7.07 6.46 5.55 n.a. n.a. Farm real estate 5.86 7.46 6.49 6.08 6.24 5.66 6.07 Other 8 6.28 6.63 5.69 6.34 5.72 5.96 6.83 Share of total loan volume Features of loan Floating rates 56.43 51.12 46.68 51.99 38.52 51.97 82.62 Under commitment 54.73 62.78 54.51 58.25 50.55 43.45 65.96 Callable 28.28 20.01 16.43 21.23 25.34 19.23 54.36 Purpose of loan Feeder livestock 5.15 2.50 4.50 6.40 6.26 9.63 n.a. Other livestock 5.15 8.36 9.12 7.27 4.50 5.94 n.a. Other current operating expenses 7 51.12 74.27 71.91 62.07 65.35 24.42 47.23 Farm machinery and equipment 4.99 10.31 7.78 15.10 8.75 n.a. n.a. Farm real estate 22.56 1.54 1.96 1.06 6.84 45.43 36.07 Other 8 11.02 3.02 4.73 8.09 8.31 14.58 16.70 Type of collateral Farm real estate 35.58 7.93 10.76 15.35 26.68 59.65 47.90 Other 61.39 84.22 82.05 83.53 65.04 40.35 52.10 _______________________________________________________________________________________________________________________________ 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