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First Berlin Bancorp (First Berlin Bancorp) Effective Interest Rate on Debt % : 22.64% (As of Mar. 2024)


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What is First Berlin 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. First Berlin Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $12.06 Mil. First Berlin Bancorp's average total debt for the quarter that ended in Mar. 2024 was $53.25 Mil. Therefore, First Berlin Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 22.64%.


First Berlin Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for First Berlin 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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First Berlin Bancorp Effective Interest Rate on Debt % Chart

First Berlin Bancorp Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
6.52 12.17 43.04

First Berlin Bancorp Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 28.65 19.79 18.85 26.34 22.64

Competitive Comparison of First Berlin Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, First Berlin 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.


First Berlin Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where First Berlin Bancorp's Effective Interest Rate on Debt % falls into.



First Berlin Bancorp Effective Interest Rate on Debt % Calculation

First Berlin 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  *  -8.607/( (9.145+30.849)/ 2 )
=-1  *  -8.607/19.997
=43.04 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.849 + 0
=30.849

First Berlin Bancorp'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  *  -12.056/( (30.849+75.645)/ 2 )
=-1  *  -12.056/53.247
=22.64 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.849 + 0
=30.849

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=75.645 + 0
=75.645

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


First Berlin Bancorp  (OTCPK:FTFI) Effective Interest Rate on Debt % Explanation

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


First Berlin Bancorp Effective Interest Rate on Debt % Related Terms

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First Berlin Bancorp (First Berlin Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
140 W Huron Street, Berlin, WI, USA, 54923
First Berlin Bancorp Inc provides a full range of banking products and services to businesses and consumers through a nine-branch network ranging from south-central to northeast Wisconsin. Some of its services include Checking Accounts; Personal, Home and Auto Loans; Treasury Management; Online and Mobile Banking, and others.

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