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Northrim BanCorp (Northrim BanCorp) Effective Interest Rate on Debt % : 62.96% (As of Dec. 2023)


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What is Northrim BanCorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Northrim BanCorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $36.8 Mil. Northrim BanCorp's average total debt for the quarter that ended in Dec. 2023 was $58.4 Mil. Therefore, Northrim BanCorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 62.96%.


Northrim BanCorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Northrim BanCorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northrim BanCorp Effective Interest Rate on Debt % Chart

Northrim BanCorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.13 17.06 10.31 14.88 85.22

Northrim BanCorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.10 56.00 44.87 38.13 62.96

Competitive Comparison of Northrim BanCorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Northrim BanCorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Northrim BanCorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Northrim BanCorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Northrim BanCorp's Effective Interest Rate on Debt % falls into.



Northrim BanCorp Effective Interest Rate on Debt % Calculation

Northrim BanCorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -28.695/( (34.27+33.077)/ 2 )
=-1  *  -28.695/33.6735
=85.22 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33.077 + 0
=33.077

Northrim BanCorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -36.784/( (83.764+33.077)/ 2 )
=-1  *  -36.784/58.4205
=62.96 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=83.764 + 0
=83.764

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33.077 + 0
=33.077

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Northrim BanCorp  (NAS:NRIM) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Northrim BanCorp Effective Interest Rate on Debt % Related Terms

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Northrim BanCorp (Northrim BanCorp) Business Description

Industry
Traded in Other Exchanges
Address
3111 C Street, Anchorage, AK, USA, 99503
Northrim BanCorp Inc is a bank holding company. The company operates in two segments: Community Banking and Home Mortgage Lending. It generates maximum revenue from the Community Banking segment. It offers to spend and save products such as checking, savings, money market accounts, debit cards, cashback rewards, and credit cards. It also includes loans and credit lines, mortgage loans, investment, and plan products.
Executives
Linda C Thomas director P.O. BOX 20905, JUNEAU AK 99802
Murphy Krystal Nelson director 3111 C STREET, ANCHORAGE AK 99503
Marilyn Romano director 3111 C STREET, ANCHORAGE AK 99503
Aaron Michael Schutt director 3111 C STREET, ANCHORAGE AK 99503
Joseph Marushack director 3111 C STREET, ANCHORAGE AK 99503
David G Wight director 3111 C STREET, ANCHORAGE AK 99503
John C Swalling director NORTHRIM BANCORP INC, PO BOX 241489, ANCHORAGE AK 99524-1489
David W Karp director 4731 BLUE HERON CIRCLE, ANCHORAGE AK 99507
David J Mccambridge director 3111 C STREET, ANCHORAGE AK 99503
Joseph M Schierhorn officer: EVP, CFO NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Jed W Ballard officer: EVP, CFO 3111 C STREET, ANCHORAGE AK 99503
Larry S Cash director NORTHRIM BANCORPINC, PO BOX 241489, ANCHORAGE AK 99524-1489
Karl L Hanneman director 506 GAFFNEY ROAD, SUITE 200, FAIRBANKS AK 99701
Anthony Drabek director NORTHRIM BANCORP, INC., P.O. BOX 241489, ANCHORAGE AL 99524-1489
Michael A Martin officer: EVP, Gen Counsel & Corp Sec 3111 C STREET, ANCHORAGE AK 99503

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