A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, November 3-7, 2008
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)            459,083     19,141      47,220      42,267      76,535      101,376   172,544
Number of loans                                     9,665      3,366       2,970       1,290       1,130          702       207
Weighted average maturity (months) 1                29.25      10.58       13.95       17.02       17.71        56.52     27.35
Weighted average repricing interval (months) 2       7.07       6.09        8.92       11.62       11.57         5.37      4.63
Weighted average risk rating 3                       2.53       2.59        2.48        2.49        2.53         2.29      2.73

Weighted average interest rate 4                     6.29       7.37        7.34        7.15        6.89         6.67      5.18
  Standard error 5                                    .21        .18         .12         .42         .22          .20       .63
  Interquartile range 6
    75th percentile                                  7.50       8.16        8.13        7.87        7.64         7.50      5.65
    25th percentile                                  4.50       6.50        6.76        6.69        6.18         6.06      4.08
  Purpose of loan
    Feeder livestock                                 4.79       6.82        7.23        7.68        6.87         6.38      4.07
    Other livestock                                  7.20       8.00        7.76        6.61        6.96         6.33      8.46
    Other current operating expenses 7               6.50       7.22        7.30        6.99        6.86         6.44      5.45
    Farm machinery and equipment                     7.49       8.08        7.73        7.72        7.02         8.75      n.a.
    Farm real estate                                 7.17       7.21        6.41        8.15        7.20         7.35      6.84
    Other 8                                          7.10       8.31        7.15        n.a.        6.54         7.47      n.a.

Share of total loan volume
  Features of loan
    Floating rates                                  59.23      42.10       38.38       41.95       37.48        62.03     79.07
    Under commitment                                64.44      62.08       54.37       55.36       49.36        57.88     80.22
    Callable                                        19.07      23.40       17.90       16.89       13.28         9.96     27.35
  Purpose of loan
    Feeder livestock                                24.38       2.82        9.30       15.31        7.56        10.82     48.56
    Other livestock                                 13.60       8.17       12.38       14.98       15.42        20.76      9.19
    Other current operating expenses 7              46.77      76.58       65.09       57.94       54.97        44.53     33.39
    Farm machinery and equipment                     4.27       6.59        4.69        5.89       14.38         2.59      n.a.
    Farm real estate                                 8.55       1.12        2.23        5.88        2.39        18.12      8.86
    Other 8                                          2.40       3.98        6.31        n.a.        5.28         3.19      n.a.
  Type of collateral
    Farm real estate                                32.96       5.62        7.46       11.66       10.62        26.72     61.77
    Other                                           63.70      83.77       87.66       82.90       82.96        69.54     38.23
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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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