A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 1-5, 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) 446,787 22,628 40,908 61,357 72,780 84,181 164,934 Number of loans 12,479 5,776 3,004 1,760 1,076 597 266 Weighted average maturity (months) 1 24.52 7.83 14.67 16.52 35.44 14.03 32.61 Weighted average repricing interval (months) 2 9.90 3.96 7.14 8.93 18.22 7.29 9.42 Weighted average risk rating 3 2.04 2.21 2.08 2.45 2.37 2.15 1.67 Weighted average interest rate 4 6.73 7.17 6.86 7.00 6.88 6.32 6.69 Standard error 5 .23 .07 .24 .30 .21 .48 .86 Interquartile range 6 75th percentile 7.50 7.73 7.80 7.81 7.25 6.96 7.50 25th percentile 6.15 6.35 6.15 6.11 6.14 5.75 6.16 Purpose of loan Feeder livestock 5.49 7.65 7.43 6.11 7.15 5.96 3.82 Other livestock 7.04 7.10 7.14 7.57 6.51 7.56 6.96 Other current operating expenses 7 7.16 7.14 6.75 6.94 7.16 6.75 7.50 Farm machinery and equipment 6.90 7.43 7.31 7.54 5.88 6.25 n.a. Farm real estate 6.34 6.42 6.43 6.27 6.72 5.75 6.34 Other 8 7.88 6.96 6.96 7.13 6.83 6.90 10.25 Share of total loan volume Features of loan Floating rates 49.77 48.77 35.52 44.82 28.62 44.67 67.21 Under commitment 64.78 63.09 57.17 45.66 38.24 58.44 88.96 Callable 16.15 15.63 19.15 11.90 19.48 14.89 16.23 Purpose of loan Feeder livestock 19.36 6.46 8.09 9.80 9.30 50.11 16.23 Other livestock 10.27 11.95 8.46 14.93 19.89 6.75 6.31 Other current operating expenses 7 49.30 71.20 66.53 53.19 46.89 30.19 51.40 Farm machinery and equipment 3.75 5.44 5.93 10.63 5.85 2.76 n.a. Farm real estate 13.25 .47 5.92 4.85 12.97 7.54 22.98 Other 8 4.06 4.48 5.07 6.60 5.10 2.65 3.07 Type of collateral Farm real estate 18.50 4.61 5.40 10.78 23.22 21.36 22.98 Other 78.73 81.94 85.54 83.82 73.64 78.64 77.02 _______________________________________________________________________________________________________________________________ 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