A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 3-7, 2003
Percent except as noted
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                                                           $1,000 to  $10,000 to  $25,000 to  $50,000 to  $100,000 to  $250,000
Loan characteristic                             All sizes   $9,000     $24,000     $49,000     $99,000     $249,000    and over
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Volume of loans (thousands of dollars)            369,523     34,729      54,772      69,512      72,784       56,418    81,308
Number of loans                                    15,699      8,460       3,734       1,896       1,092          366       150
Weighted average maturity (months) 1                29.95       9.48       13.67       12.76       21.72        35.57     67.47
Weighted average repricing interval (months) 2       8.83       5.56        7.72        7.15       12.61         5.41     11.40
Weighted average risk rating 3                       2.29       2.35        2.42        2.30        2.13         2.20      2.39

Weighted average interest rate 4                     6.21       7.06        6.81        6.60        6.35         6.17      5.02
  Standard error 5                                    .19        .10         .07         .13         .17          .38       .57
  Interquartile range 6
    75th percentile                                  7.00       7.74        7.63        7.12        6.81         7.08      6.17
    25th percentile                                  5.51       6.16        6.12        6.08        5.90         5.25      3.79
  Purpose of loan
    Feeder livestock                                 6.29       6.53        6.60        7.13        6.09         6.03      5.51
    Other livestock                                  6.95       7.65        7.50        6.54        7.29         6.95      n.a.
    Other current operating expenses 7               5.88       7.07        6.64        6.36        6.06         6.38      4.53
    Farm machinery and equipment                     7.03       7.48        6.98        6.71        6.68         8.00      n.a.
    Farm real estate                                 6.11       6.34        7.19        5.54        6.09         5.20      6.32
    Other 8                                          5.63       5.98        6.61        6.39        5.65         4.59      n.a.

Share of total loan volume
  Features of loan
    Floating rates                                  42.63      40.83       42.93       43.13       30.27        51.84     47.43
    Under commitment                                44.64      54.03       49.95       59.01       35.88        58.49     23.00
    Callable                                        27.66      13.37       15.98       22.20       11.61        30.57     58.65
  Purpose of loan
    Feeder livestock                                17.54       3.91        7.02       19.71       21.14        46.24      5.44
    Other livestock                                 14.30       5.62       15.34       35.02       16.76        10.55      n.a.
    Other current operating expenses 7              47.51      76.17       61.17       33.21       34.35        18.48     70.23
    Farm machinery and equipment                     7.94       9.00       10.33        8.59       13.79         8.06      n.a.
    Farm real estate                                 9.23        .99        1.75         .93        9.69         9.42     24.33
    Other 8                                          3.48       4.32        4.39        2.54        4.26         7.25      n.a.
  Type of collateral
    Farm real estate                                14.57       9.66        5.49        5.55       14.16        23.99     24.33
    Other                                           80.34      83.79       87.34       89.89       85.84        76.01     64.09
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   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.

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