A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, November 6-10, 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) 1,058,154 27,921 57,278 76,879 115,494 185,828 594,754 Number of loans 14,867 5,060 3,715 2,227 1,739 1,295 830 Weighted average maturity (months) 1 18.77 7.37 9.82 11.37 13.88 15.21 23.09 Weighted average repricing interval (months) 2 6.88 1.65 3.32 4.65 6.73 5.37 8.25 Weighted average risk rating 3 3.19 3.09 3.14 3.12 3.03 3.21 3.23 Weighted average interest rate 4 8.24 9.26 9.09 8.98 8.63 8.36 7.90 Standard error 5 .30 .08 .11 .08 .10 .09 .35 Interquartile range 6 75th percentile 8.84 9.92 9.69 9.73 9.25 8.87 8.57 25th percentile 7.50 8.57 8.43 8.30 8.00 7.71 6.96 Purpose of loan Feeder livestock 8.40 9.23 8.73 8.86 8.77 8.66 8.10 Other livestock 8.33 9.42 9.24 8.77 8.04 8.31 8.22 Other current operating expenses 7 8.50 9.22 9.16 9.16 8.71 8.37 8.00 Farm machinery and equipment 9.01 9.76 9.46 8.54 8.78 8.13 9.13 Farm real estate 8.37 9.54 8.41 8.73 8.61 8.47 8.33 Other 8 7.46 9.19 8.61 8.60 8.52 8.19 7.12 Share of total loan volume Features of loan Floating rates 76.41 81.83 74.55 70.93 76.87 80.52 75.67 Under commitment 83.22 91.30 81.98 85.39 84.33 83.32 82.44 Callable 20.49 26.68 24.52 30.44 27.90 24.05 15.97 Purpose of loan Feeder livestock 11.29 5.89 8.75 10.31 13.17 14.76 10.47 Other livestock 7.29 6.70 5.63 7.06 8.74 10.73 6.15 Other current operating expenses 7 37.50 74.10 68.83 61.82 54.51 41.69 25.00 Farm machinery and equipment 9.28 5.53 7.37 8.18 6.00 4.18 12.01 Farm real estate 8.09 .92 1.14 1.39 2.20 5.13 12.03 Other 8 26.55 6.86 8.28 11.23 15.39 23.51 34.34 Type of collateral Farm real estate 12.56 5.55 4.57 7.73 8.32 9.30 16.13 Other 81.97 89.73 90.17 88.50 87.91 88.87 76.66 _______________________________________________________________________________________________________________________________ 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