A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 1-5, 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)            446,787     22,628      40,908      61,357      72,780       84,181   164,934
Number of loans                                    12,479      5,776       3,004       1,760       1,076          597       266
Weighted average maturity (months) 1                24.52       7.83       14.67       16.52       35.44        14.03     32.61
Weighted average repricing interval (months) 2       9.90       3.96        7.14        8.93       18.22         7.29      9.42
Weighted average risk rating 3                       2.04       2.21        2.08        2.45        2.37         2.15      1.67

Weighted average interest rate 4                     6.73       7.17        6.86        7.00        6.88         6.32      6.69
  Standard error 5                                    .23        .07         .24         .30         .21          .48       .86
  Interquartile range 6
    75th percentile                                  7.50       7.73        7.80        7.81        7.25         6.96      7.50
    25th percentile                                  6.15       6.35        6.15        6.11        6.14         5.75      6.16
  Purpose of loan
    Feeder livestock                                 5.49       7.65        7.43        6.11        7.15         5.96      3.82
    Other livestock                                  7.04       7.10        7.14        7.57        6.51         7.56      6.96
    Other current operating expenses 7               7.16       7.14        6.75        6.94        7.16         6.75      7.50
    Farm machinery and equipment                     6.90       7.43        7.31        7.54        5.88         6.25      n.a.
    Farm real estate                                 6.34       6.42        6.43        6.27        6.72         5.75      6.34
    Other 8                                          7.88       6.96        6.96        7.13        6.83         6.90     10.25

Share of total loan volume
  Features of loan
    Floating rates                                  49.77      48.77       35.52       44.82       28.62        44.67     67.21
    Under commitment                                64.78      63.09       57.17       45.66       38.24        58.44     88.96
    Callable                                        16.15      15.63       19.15       11.90       19.48        14.89     16.23
  Purpose of loan
    Feeder livestock                                19.36       6.46        8.09        9.80        9.30        50.11     16.23
    Other livestock                                 10.27      11.95        8.46       14.93       19.89         6.75      6.31
    Other current operating expenses 7              49.30      71.20       66.53       53.19       46.89        30.19     51.40
    Farm machinery and equipment                     3.75       5.44        5.93       10.63        5.85         2.76      n.a.
    Farm real estate                                13.25        .47        5.92        4.85       12.97         7.54     22.98
    Other 8                                          4.06       4.48        5.07        6.60        5.10         2.65      3.07
  Type of collateral
    Farm real estate                                18.50       4.61        5.40       10.78       23.22        21.36     22.98
    Other                                           78.73      81.94       85.54       83.82       73.64        78.64     77.02
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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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