A.9. Characteristics of Bank Loans to Farmers -- Large 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) 997,615 38,049 61,624 70,408 103,321 159,378 564,834 Number of loans 19,594 9,988 4,145 2,116 1,601 1,091 653 Weighted average maturity (months) 1 16.47 8.53 10.50 12.56 12.56 18.99 18.13 Weighted average repricing interval (months) 2 5.57 1.97 3.34 4.96 5.28 5.76 6.13 Weighted average risk rating 3 3.21 3.21 3.22 3.20 2.99 3.24 3.24 Weighted average interest rate 4 6.49 7.60 7.53 7.32 6.77 6.64 6.12 Standard error 5 .21 .12 .14 .16 .17 .16 .31 Interquartile range 6 75th percentile 7.23 8.35 8.27 8.24 7.50 7.19 6.70 25th percentile 5.90 6.88 6.86 6.43 6.18 6.09 5.38 Purpose of loan Feeder livestock 6.34 7.32 7.24 6.90 6.02 6.63 5.82 Other livestock 6.69 7.67 7.63 7.11 7.00 5.85 6.65 Other current operating expenses 7 6.82 7.65 7.60 7.47 6.78 6.74 6.21 Farm machinery and equipment 6.79 7.67 7.33 6.91 7.06 6.79 6.71 Farm real estate 7.07 7.12 7.70 7.47 6.89 7.10 7.04 Other 8 5.66 7.26 7.26 7.12 6.44 6.38 5.32 Share of total loan volume Features of loan Floating rates 80.14 78.02 78.77 73.01 69.75 80.91 83.01 Under commitment 84.29 89.76 83.69 80.49 81.45 85.80 84.55 Callable 22.84 30.80 31.75 31.79 32.18 23.27 18.38 Purpose of loan Feeder livestock 3.61 3.02 4.88 4.97 3.28 6.47 2.60 Other livestock 10.41 5.39 6.48 5.93 10.49 5.95 12.98 Other current operating expenses 7 36.31 76.68 66.44 63.72 53.20 42.51 22.04 Farm machinery and equipment 17.14 4.60 10.49 11.28 12.85 13.02 21.39 Farm real estate 6.13 1.67 1.88 2.45 5.38 8.67 6.77 Other 8 26.40 8.65 9.83 11.66 14.80 23.39 34.22 Type of collateral Farm real estate 6.89 2.26 3.71 4.56 8.49 12.74 5.89 Other 88.32 89.43 89.06 86.06 86.67 82.40 90.42 _______________________________________________________________________________________________________________________________ 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