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Red River Bancshares (Red River Bancshares) Effective Interest Rate on Debt % : 1,335.43% (As of Mar. 2024)


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What is Red River Bancshares 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. Red River Bancshares's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $46.6 Mil. Red River Bancshares's average total debt for the quarter that ended in Mar. 2024 was $3.5 Mil. Therefore, Red River Bancshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1,335.43%.


Red River Bancshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Red River Bancshares'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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Red River Bancshares Effective Interest Rate on Debt % Chart

Red River Bancshares Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 126.52 189.63 139.12 191.01 800.75

Red River Bancshares 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 459.66 81.71 113.08 1,122.55 1,335.43

Competitive Comparison of Red River Bancshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Red River Bancshares'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.


Red River Bancshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Red River Bancshares's Effective Interest Rate on Debt % falls into.



Red River Bancshares Effective Interest Rate on Debt % Calculation

Red River Bancshares'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  *  -32.13/( (4.258+3.767)/ 2 )
=-1  *  -32.13/4.0125
=800.75 %

where

Red River Bancshares'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  *  -46.62/( (3.767+3.215)/ 2 )
=-1  *  -46.62/3.491
=1,335.43 %

where

* 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.


Red River Bancshares  (NAS:RRBI) Effective Interest Rate on Debt % Explanation

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


Red River Bancshares Effective Interest Rate on Debt % Related Terms

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Red River Bancshares (Red River Bancshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1412 Centre Court Drive, Suite 501, Alexandria, LA, USA, 71301
Red River Bancshares Inc is the bank holding company for the red river bank. The principal business of the Bank is lending and accepting deposits from businesses, professionals, individuals, and public entities. The bank's primary deposit products are demand deposits, savings deposits, and time deposits. The bank maintains a diversified loan portfolio with a focus on commercial real estate (Owner Occupied and Non-Owner Occupied), one-to-four-family residential, commercial, and industrial loans, construction and development Loans, and others. also, provides Treasury Management Services, Private Banking Services, Brokerage Services, and Other Banking Services.
Executives
Teddy Ray Price director 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Kirk David Cooper director 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Tammi R. Salazar officer: See Remarks 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Bryon C. Salazar officer: See Remarks 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Ronald Blake Chatelain director, officer: See Remarks 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Isabel V. Carriere officer: See Remarks 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Andrew Blake Cutrer officer: Senior Vice President 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Hall G. Bridges Iv officer: See Remarks 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Julia E Callis officer: See Remarks 2030 DONAHUE FERRY ROAD, PINEVILLE LA 71360
Amanda Wood Barnett officer: See Remarks 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Michael D. Crowell director 1412 CENTRE COURT, SUITE 501, ALEXANDRIA LA 71301
Barry Dale Hines director 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Anna Brasher Moreau director 1412 CENTRE COURT DRIVE, SUITE 501, ALEXANDRIA LA 71301
Debbie B. Triche officer: See Remarks 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Hackmeyer Ferdinand William Jr. director 1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301

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