A.10. Characteristics of Bank Loans to Farmers -- Small and Mid-sized Farm Lenders, by Size of Loan, August 4-8, 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)            304,073     19,792      49,268      49,184      46,529       77,589    61,713
Number of loans                                     9,826      3,646       3,504       1,427         712          457        80
Weighted average maturity (months) 1                26.96      10.35       13.32       23.22       34.13        52.91      8.06
Weighted average repricing interval (months) 2      10.46       6.14        8.88       12.39       20.22        12.79      1.26
Weighted average risk rating 3                       2.36       2.56        2.58        2.22        2.50         2.61      1.90

Weighted average interest rate 4                     7.00       7.63        7.30        7.25        7.19         7.05      6.13
  Standard error 5                                    .14        .12         .20         .10         .42          .32       .37
  Interquartile range 6
    75th percentile                                  7.64       8.50        8.00        8.00        7.64         7.60      6.09
    25th percentile                                  6.09       6.82        6.40        6.16        6.50         6.17      6.09
  Purpose of loan
    Feeder livestock                                 6.34       8.02        6.56        7.83        6.59         6.92      5.06
    Other livestock                                  6.51       8.06        7.78        8.06        7.92         6.17      6.08
    Other current operating expenses 7               7.23       7.43        7.11        7.23        6.87         7.61      6.85
    Farm machinery and equipment                     7.17       7.63        7.94        7.25        7.72         5.88      n.a.
    Farm real estate                                 6.61       8.67        6.70        6.94        7.09         6.23      n.a.
    Other 8                                          7.56       9.48        7.95        6.85        7.25         7.75      n.a.

Share of total loan volume
  Features of loan
    Floating rates                                  56.07      40.83       39.20       46.90       30.84        64.94     89.59
    Under commitment                                57.97      57.25       63.13       59.18       42.41        38.28     89.59
    Callable                                        17.86      25.03       19.78       18.11       31.57         2.99     22.17
  Purpose of loan
    Feeder livestock                                 6.81       4.26        1.69        3.73        7.02         8.81     11.48
    Other livestock                                 21.66       5.86        8.23        6.25       14.53        12.73     66.35
    Other current operating expenses 7              50.82      75.16       70.78       58.86       51.31        49.35     22.17
    Farm machinery and equipment                    10.77       7.82       13.14       14.79       19.07        11.07      n.a.
    Farm real estate                                 4.58       1.97         .85        5.73        5.46        10.01      n.a.
    Other 8                                          5.35       4.93        5.30       10.63        2.59         8.04      n.a.
  Type of collateral
    Farm real estate                                17.19      10.96       17.31       24.10       33.75        18.05      n.a.
    Other                                           80.45      80.47       77.42       69.99       66.25        81.95    100.00
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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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