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Orange County Bancorp (Orange County Bancorp) Effective Interest Rate on Debt % : 20.96% (As of Mar. 2024)


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What is Orange County 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. Orange County Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $37.9 Mil. Orange County Bancorp's average total debt for the quarter that ended in Mar. 2024 was $180.8 Mil. Therefore, Orange County Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 20.96%.


Orange County Bancorp Effective Interest Rate on Debt % Historical Data

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

Orange County Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 20.79 31.14 17.75 7.08 14.51

Orange County Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 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 10.21 12.85 16.82 17.54 20.96

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

For the Banks - Regional subindustry, Orange County 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.


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

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

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



Orange County Bancorp Effective Interest Rate on Debt % Calculation

Orange County 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  *  -29.379/( (150.947+254.02)/ 2 )
=-1  *  -29.379/202.4835
=14.51 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.447 + 131.5
=150.947

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.52 + 224.5
=254.02

Orange County 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  *  -37.888/( (254.02+107.538)/ 2 )
=-1  *  -37.888/180.779
=20.96 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.52 + 224.5
=254.02

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=79.538 + 28
=107.538

* 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.


Orange County Bancorp  (NAS:OBT) Effective Interest Rate on Debt % Explanation

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


Orange County Bancorp Effective Interest Rate on Debt % Related Terms

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Orange County Bancorp (Orange County Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
212 Dolson Avenue, Middletown, NY, USA, 10940
Orange County Bancorp Inc provides banking services. Its services include personal banking services such as personal loans, personal savings, business loans, business savings, and internet banking among others. The company provides commercial and consumer banking services to individuals, small businesses and local municipal governments as well as trust and investment services through the Bank and HVIA. Its segment includes banking and wealth management. The company generates maximum revenue from the banking segment.
Executives
Stephen Rooney officer: SVP, Co-Chief Credit Officer 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Michael Listner officer: SVP and CCO 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Michael J Coulter officer: EVP and CLO 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Gregory Sousa officer: EVP and CCBO 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Olga Luz Tirado director 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Joseph A Ruhl officer: Reg Pres, Westchester County 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Gustave J Scacco director 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Michael J Gilfeather director, officer: President and CEO 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Terry R Saturno director 212 DOLSON AVENUE, MIDDLETOWN NY 10940
William D Morrison director 212 DOLSON AVENUE, MIDDLETOWN NY 10940
David P Dineen officer: SVP, Dir. Wealth Services 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Louis Heimbach director 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Kevin J Keane director 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Jonathan F Rouis director 212 DOLSON AVENUE, MIDDLETOWN NY 10940
Gregory F Holcombe director 212 DOLSON AVENUE, MIDDLETOWN NY 10940