A.9. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Size of Loan, February 2-6, 2009 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) 1,637,936 33,730 78,913 95,886 148,432 289,759 991,216 Number of loans 19,597 6,238 5,199 2,830 2,165 1,984 1,182 Weighted average maturity (months) 1 17.34 8.86 12.29 15.10 16.12 17.18 18.45 Weighted average repricing interval (months) 2 6.54 2.21 4.64 6.08 6.11 5.88 7.14 Weighted average risk rating 3 3.27 3.13 3.07 3.01 3.05 3.20 3.35 Weighted average interest rate 4 4.85 5.15 5.03 4.84 4.77 4.55 4.92 Standard error 5 .28 .14 .12 .12 .12 .20 .41 Interquartile range 6 75th percentile 6.18 6.18 6.17 6.02 6.00 5.75 6.66 25th percentile 3.30 4.04 3.82 3.56 3.30 3.05 3.30 Purpose of loan Feeder livestock 4.53 4.82 5.17 5.58 4.34 4.74 3.84 Other livestock 3.49 5.39 4.95 4.07 3.82 2.96 3.29 Other current operating expenses 7 5.27 5.24 5.15 4.94 5.12 4.88 5.42 Farm machinery and equipment 5.25 6.38 5.80 5.97 4.97 4.99 5.12 Farm real estate 5.51 5.66 5.38 4.91 6.23 5.40 5.47 Other 8 3.55 4.08 3.79 3.88 3.83 3.61 3.43 Share of total loan volume Features of loan Floating rates 64.70 79.99 77.13 76.49 73.35 73.81 58.09 Under commitment 79.17 88.82 83.26 80.98 77.36 76.71 79.34 Callable 11.19 29.04 25.52 24.64 23.43 23.06 2.83 Purpose of loan Feeder livestock 4.02 5.28 5.37 9.02 9.17 6.36 1.93 Other livestock 5.50 5.74 6.67 6.54 5.79 4.53 5.54 Other current operating expenses 7 62.98 74.96 68.99 57.48 56.78 57.85 65.06 Farm machinery and equipment 3.86 3.66 7.06 7.70 4.87 5.48 2.61 Farm real estate 5.84 .41 .63 1.85 4.72 4.62 7.35 Other 8 17.80 9.94 11.29 17.42 18.68 21.15 17.51 Type of collateral Farm real estate 10.83 4.52 6.79 6.73 11.48 13.82 10.79 Other 87.06 89.91 89.65 90.13 84.87 83.68 87.77 _______________________________________________________________________________________________________________________________ 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