Mercer Bancorp (Mercer Bancorp) Effective Interest Rate on Debt % : 19.27% (As of Mar. 2024)

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What is Mercer 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. Mercer Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.31 Mil. Mercer Bancorp's average total debt for the quarter that ended in Mar. 2024 was $12.00 Mil. Therefore, Mercer Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.27%.

Mercer Bancorp Effective Interest Rate on Debt % Historical Data

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

Mercer Bancorp Annual Data

Trend

Sep22

Sep23

Effective Interest Rate on Debt %

8.83

8.00

Mercer Bancorp Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				23.60	19.20	12.14	17.25	19.27

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

For the Banks - Regional subindustry, Mercer 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.

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

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

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

Mercer Bancorp Effective Interest Rate on Debt % Calculation

Mercer Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.6	/	( (3	+	12)	/ 2 )
=	-1 * -0.6	/	7.5
=	8.00 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2	+	1
=	3

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	11
=	12

Mercer 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 * -2.312	/	( (11	+	13)	/ 2 )
=	-1 * -2.312	/	12
=	19.27 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	10
=	11

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	13
=	13

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.

Mercer Bancorp (OTCPK:MSBB) Effective Interest Rate on Debt % Explanation

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

Mercer Bancorp Effective Interest Rate on Debt % Related Terms

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Mercer Bancorp (Mercer Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercer Bancorp Inc (OTCPK:MSBB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 Irmscher Boulevard, Celina, OH, USA, 45822

Website

https://www.mercersavings.com

Mercer Bancorp Inc operates as a full-service bank. It offers deposits, loans, and other services. The loan portfolio consists primarily of residential mortgage loans secured by one- to four-family residential properties and agricultural real estate loans secured by farmland located in primary market area.

Executives

Alvin B Parmiter	director, officer: President and CEO	425 MAIN STREET, CALDWELL OH 43724
Kristin M Fee	director	1100 IRMSCHER BLVD, CELINA OH 45822
Rick L Ross	officer: Treasurer	1100 IRMSCHER BLVD, CELINA OH 45822
Richard A Mosier	director	1100 IRMSCHER BLVD, CELINA OH 45822
Trever A Bransteter	officer: SVP, Lending	1100 IRMSCHER BLVD, CELINA OH 45822
Ryan Moorman	officer: SVP, Lending	1100 IRMSCHER BLVD, CELINA OH 45822
Timothy L Bigham	officer: SVP, Operations	1100 IRMSCHER BLVD, CELINA OH 45822
Jose W Faller	director	1100 IRMSCHER BLVD, CELINA OH 45822
Michael J Boley	director	1100 IRMSCHER BLVD, CELINA OH 45822
David L Keiser	director	1100 IRMSCHER BLVD, CELINA OH 45822

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