A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 1-5, 2005 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) 296,182 25,874 37,384 42,067 59,547 48,877 82,433 Number of loans 11,975 6,590 2,709 1,237 910 391 138 Weighted average maturity (months) 1 49.90 8.45 15.51 13.80 31.97 35.21 117.79 Weighted average repricing interval (months) 2 11.70 4.65 7.63 8.62 19.53 13.46 10.63 Weighted average risk rating 3 2.26 2.42 2.24 2.50 2.22 2.33 2.09 Weighted average interest rate 4 7.69 7.94 7.76 7.91 7.22 7.56 7.88 Standard error 5 .11 .10 .18 .22 .32 .21 .39 Interquartile range 6 75th percentile 8.43 8.46 8.43 8.52 8.03 8.57 8.03 25th percentile 7.23 7.47 7.26 7.25 6.98 6.72 7.51 Purpose of loan Feeder livestock 7.59 9.29 7.23 8.11 7.82 7.19 7.51 Other livestock 7.88 8.52 7.51 8.83 7.48 n.a. n.a. Other current operating expenses 7 7.88 7.90 7.88 7.80 7.20 8.03 8.75 Farm machinery and equipment 7.94 7.81 7.32 7.45 7.92 8.95 n.a. Farm real estate 7.28 n.a. 7.94 8.30 6.50 7.01 7.64 Other 8 7.36 8.30 7.76 8.45 3.53 6.10 7.76 Share of total loan volume Features of loan Floating rates 54.45 53.78 43.15 39.83 33.21 61.44 78.44 Under commitment 41.95 62.02 57.80 46.28 43.90 36.95 27.81 Callable 13.73 8.34 15.35 8.67 12.30 4.05 24.02 Purpose of loan Feeder livestock 13.48 .56 2.35 9.04 15.72 12.13 24.02 Other livestock 4.75 3.03 9.46 8.29 10.54 n.a. n.a. Other current operating expenses 7 45.71 83.23 63.46 61.18 43.30 42.63 21.56 Farm machinery and equipment 8.36 8.41 10.37 14.00 11.91 11.72 n.a. Farm real estate 14.31 n.a. 6.05 3.08 16.28 18.73 24.22 Other 8 13.39 4.76 8.31 4.41 2.24 14.79 30.20 Type of collateral Farm real estate 30.99 8.87 18.50 19.60 23.57 31.61 54.42 Other 67.28 85.93 76.74 80.40 76.43 64.34 45.58 _______________________________________________________________________________________________________________________________ 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