Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Effective Interest Rate on Debt % : 86.60% (As of Mar. 2024)

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What is Farmers and Merchants Bancshares (MD) 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. Farmers and Merchants Bancshares (MD)'s annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $15.57 Mil. Farmers and Merchants Bancshares (MD)'s average total debt for the quarter that ended in Mar. 2024 was $17.98 Mil. Therefore, Farmers and Merchants Bancshares (MD)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 86.60%.

Farmers and Merchants Bancshares (MD) Effective Interest Rate on Debt % Historical Data

The historical data trend for Farmers and Merchants Bancshares (MD)'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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Farmers and Merchants Bancshares (MD) Effective Interest Rate on Debt % Chart

Farmers and Merchants Bancshares (MD) Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.76

7.52

37.17

Farmers and Merchants Bancshares (MD) Quarterly Data
	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															18.69	32.03	48.08	77.71	86.60

Competitive Comparison of Farmers and Merchants Bancshares (MD)'s Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Farmers and Merchants Bancshares (MD)'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.

Farmers and Merchants Bancshares (MD)'s Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares (MD)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Farmers and Merchants Bancshares (MD)'s Effective Interest Rate on Debt % falls into.

Farmers and Merchants Bancshares (MD) Effective Interest Rate on Debt % Calculation

Farmers and Merchants Bancshares (MD)'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 * -9.907	/	( (35.096	+	18.212)	/ 2 )
=	-1 * -9.907	/	26.654
=	37.17 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.096	+	0
=	35.096

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.212	+	0
=	18.212

Farmers and Merchants Bancshares (MD)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -15.568	/	( (18.212	+	17.742)	/ 2 )
=	-1 * -15.568	/	17.977
=	86.60 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.212	+	0
=	18.212

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.742	+	0
=	17.742

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Farmers and Merchants Bancshares (MD) (OTCPK:FMFG) Effective Interest Rate on Debt % Explanation

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

Farmers and Merchants Bancshares (MD) Effective Interest Rate on Debt % Related Terms

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Farmers and Merchants Bancshares (MD) (Farmers and Merchants Bancshares (MD)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Farmers and Merchants Bancshares Inc (MD) (OTCPK:FMFG) » Definitions » Effective Interest Rate on Debt %

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Address

15226 Hanover Pike, Upperco, MD, USA, 21155

Website

http://www.farmersandmerchantsbk.com

Farmers and Merchants Bancshares Inc (MD) is an independent community bank, offering a broad range of financial services. The Bank operates five banking offices located in Northern Baltimore County and Carroll County, Maryland. It provides services of checking accounts, saving accounts, re-order checks and among others.