A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 4-8, 2002
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)            418,402     40,050      54,977      73,796      51,672       42,228   155,680
Number of loans                                    17,663     10,586       3,568       2,119         832          281       277
Weighted average maturity (months) 1                37.99       9.27        9.23        8.12       20.78        49.01     71.62
Weighted average repricing interval (months) 2      10.58       4.53        5.50        3.86       12.23        16.18     14.97
Weighted average risk rating 3                       2.03       2.47        2.38        2.16        2.41         2.29      1.38

Weighted average interest rate 4                     6.90       7.70        7.36        7.47        6.74         6.90      6.31
  Standard error 5                                    .19        .15         .11         .24         .24          .40       .47
  Interquartile range 6
    75th percentile                                  7.64       8.25        8.01        8.01        7.38         7.75      7.25
    25th percentile                                  5.89       7.18        6.92        6.93        6.00         6.17      5.64
  Purpose of loan
    Feeder livestock                                 6.83       7.57        6.93        7.98        7.23         6.12      5.83
    Other livestock                                  7.26       8.17        7.46        7.41        6.64         5.75      n.a.
    Other current operating expenses 7               7.10       7.58        7.37        7.45        6.40         6.90      6.94
    Farm machinery and equipment                     7.54       8.02        7.54        6.82        6.96         9.11      n.a.
    Farm real estate                                 6.17       6.23        6.00        7.25        6.08         7.00      5.85
    Other 8                                          5.64       8.45        8.05        6.39        7.76         n.a.      4.25

Share of total loan volume
  Features of loan
    Floating rates                                  63.17      51.57       45.10       51.57       41.23        61.18     85.86
    Under commitment                                57.45      57.61       47.46       55.47       42.52        52.62     68.15
    Callable                                        11.26      15.37       17.83       19.89       12.18        24.10      n.a.
  Purpose of loan
    Feeder livestock                                16.11       8.19       13.98       22.07       22.90        13.08     14.64
    Other livestock                                  9.87      11.51       11.96       26.55       15.83         5.50      n.a.
    Other current operating expenses 7              51.35      68.12       63.38       36.68       37.74        54.06     53.51
    Farm machinery and equipment                     4.52       8.03        5.42        2.86       15.06         6.69      n.a.
    Farm real estate                                12.90        .97         .42        6.14        5.04        20.67     24.08
    Other 8                                          5.26       3.17        4.84        5.70        3.45        28.65      n.a.
  Type of collateral
    Farm real estate                                18.22       4.01        2.93       11.92        6.91        26.17     31.85
    Other                                           80.13      89.65       93.19       87.24       89.95        73.83     68.15
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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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