A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 7-11, 2006 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) 379,270 20,013 42,842 47,534 37,569 75,855 155,457 Number of loans 9,324 3,620 2,838 1,490 596 469 311 Weighted average maturity (months) 1 38.52 9.68 16.53 12.55 47.75 63.87 41.68 Weighted average repricing interval (months) 2 13.39 4.06 6.92 8.49 24.28 26.45 8.86 Weighted average risk rating 3 2.41 2.60 2.42 2.46 2.40 2.61 2.23 Weighted average interest rate 4 9.00 9.42 9.38 8.88 8.81 8.80 9.03 Standard error 5 .13 .17 .18 .14 .22 .23 .27 Interquartile range 6 75th percentile 9.50 9.96 10.01 9.31 9.51 9.37 9.50 25th percentile 8.33 8.66 8.78 8.10 8.23 8.22 8.24 Purpose of loan Feeder livestock 8.44 9.16 8.96 8.42 9.09 9.33 8.20 Other livestock 9.60 9.99 9.56 9.34 9.26 9.21 9.80 Other current operating expenses 7 9.28 9.40 9.58 9.15 8.62 9.20 9.43 Farm machinery and equipment 8.81 9.70 9.15 8.27 9.33 8.83 n.a. Farm real estate 8.33 9.13 8.95 8.64 8.02 8.22 8.47 Other 8 8.87 9.50 8.05 9.25 9.92 8.60 n.a. Share of total loan volume Features of loan Floating rates 47.57 64.15 59.42 39.18 43.09 34.79 52.06 Under commitment 51.06 73.83 61.70 40.10 54.02 26.59 59.78 Callable 13.80 21.65 16.76 8.67 20.39 14.25 11.73 Purpose of loan Feeder livestock 20.20 11.03 11.90 15.29 23.17 2.93 32.89 Other livestock 22.81 5.09 6.61 12.66 9.98 26.99 33.73 Other current operating expenses 7 32.76 75.11 61.20 49.14 39.55 16.85 20.59 Farm machinery and equipment 8.75 4.98 14.35 20.23 10.28 16.56 n.a. Farm real estate 14.10 1.59 3.05 1.67 14.27 34.00 12.80 Other 8 1.38 2.20 2.89 1.00 2.75 2.68 n.a. Type of collateral Farm real estate 25.59 8.45 8.24 3.48 22.98 66.41 20.06 Other 72.48 85.30 90.64 96.52 77.02 33.59 76.36 _______________________________________________________________________________________________________________________________ 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