A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 2-6, 2004
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   $9,999     $24,999     $49,999     $99,999     $249,999    and over
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Volume of loans (thousands of dollars)            327,516     37,818      62,770      43,786      49,447       67,325    66,369
Number of loans                                    16,722      9,685       4,239       1,304         792          546       156
Weighted average maturity (months) 1                21.64      10.07       15.55       17.50       28.54        26.09     27.20
Weighted average repricing interval (months) 2      11.09       5.81       10.25        6.88       15.04        11.99     13.79
Weighted average risk rating 3                       2.48       2.22        2.35        2.65        2.24         2.40      2.81

Weighted average interest rate 4                     6.51       6.92        6.90        6.74        6.71         6.47      5.65
  Standard error 5                                    .17        .13         .06         .15         .26          .36       .57
  Interquartile range 6
    75th percentile                                  7.38       7.73        7.69        7.52        7.45         7.03      7.02
    25th percentile                                  5.90       6.11        6.00        5.90        6.18         6.02      4.34
  Purpose of loan
    Feeder livestock                                 6.34       6.78        6.44        6.20        6.10         n.a.      n.a.
    Other livestock                                  6.99       7.12        7.04        7.23        7.48         6.50      6.87
    Other current operating expenses 7               6.71       6.90        6.90        6.66        6.75         6.56      6.02
    Farm machinery and equipment                     6.70       6.71        7.23        6.74        6.11         5.48      7.02
    Farm real estate                                 5.24       6.52        6.40        6.91        6.50         6.39      4.33
    Other 8                                          5.28       7.41        6.36        6.77        n.a.         n.a.      4.56

Share of total loan volume
  Features of loan
    Floating rates                                  42.45      39.86       41.45       37.87       36.09        46.91     48.10
    Under commitment                                55.49      49.46       49.28       55.73       61.52        56.54     59.07
    Callable                                        21.26      17.13       12.83       17.68        9.83        41.28     22.16
  Purpose of loan
    Feeder livestock                                 3.26       2.96        6.86        6.27        5.08         n.a.      n.a.
    Other livestock                                 14.35       7.94       12.05       15.27       14.89        14.22     19.28
    Other current operating expenses 7              53.59      77.74       61.99       58.00       58.36        65.88     12.94
    Farm machinery and equipment                    13.36       6.40       14.20       14.67       15.72         5.92     21.47
    Farm real estate                                10.16        .43         .27        3.32        5.95        13.98     28.82
    Other 8                                          5.29       4.53        4.64        2.47        n.a.         n.a.     17.49
  Type of collateral
    Farm real estate                                17.05       6.24       11.82       16.49       18.31        15.85     28.82
    Other                                           77.28      87.51       84.24       80.66       79.96        84.15     53.69
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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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