Sound Financial Bancorp (Sound Financial Bancorp) Effective Interest Rate on Debt % : 44.66% (As of Mar. 2024)

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What is Sound Financial 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. Sound Financial Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $25.20 Mil. Sound Financial Bancorp's average total debt for the quarter that ended in Mar. 2024 was $56.42 Mil. Therefore, Sound Financial Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 44.66%.

Sound Financial Bancorp Effective Interest Rate on Debt % Historical Data

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

Sound Financial Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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15.31

43.52

21.61

11.54

28.73

Sound Financial 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															19.96	22.71	27.02	40.73	44.66

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

For the Banks - Regional subindustry, Sound Financial 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.

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

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

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

Sound Financial Bancorp Effective Interest Rate on Debt % Calculation

Sound Financial 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 * -16.759	/	( (60.124	+	56.538)	/ 2 )
=	-1 * -16.759	/	58.331
=	28.73 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.124	+	43
=	60.124

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.538	+	15
=	56.538

Sound Financial 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 * -25.2	/	( (56.538	+	56.304)	/ 2 )
=	-1 * -25.2	/	56.421
=	44.66 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.538	+	15
=	56.538

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.304	+	15
=	56.304

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.

Sound Financial Bancorp (NAS:SFBC) Effective Interest Rate on Debt % Explanation

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

Sound Financial Bancorp Effective Interest Rate on Debt % Related Terms

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Sound Financial Bancorp (Sound Financial Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sound Financial Bancorp Inc (NAS:SFBC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2400 3rd Avenue, Suite 150, Seattle, WA, USA, 98121

Website

https://www.soundcb.com

Sound Financial Bancorp Inc operates as the holding company for Sound Community Bank that provides traditional banking and other financial services for individuals and businesses. It attracts retail and commercial deposits from the public and invests those funds, along with borrowed funds, in loans secured by first and second mortgages on one-to-four-family residences including home equity loans and lines of credit, commercial and multifamily real estate, construction and land, consumer and commercial business loans. The bank also offers secured and unsecured consumer loan products, including manufactured home loans, floating home loans, automobile loans, boat loans, and recreational vehicle loans.

Executives

Joseph Stilwell	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Robert F Carney	director	C/O SOUND FINANCIAL INC, 2005 FIFTH AVENUE 2ND FLOOR, SEATTLE WA 98121
James E Sweeney	director	C/O SOUND FINANCIAL INC, 2005 FIFTH AVENUE 2ND FLOOR, SEATTLE WA 98121
Haddad David S Jr	director, other: Vice Chairman of the Board	C/O SOUND FINANCIAL INC, 2005 FIFTH AVENUE 2ND FLOOR, SEATTLE WA 98121
Brandon Lance	officer: SVP, Chief Credit Officer	SOUND FINANCIAL BANCORP, INC., 2400 3RD AVENUE, SUITE 150, SEATTLE WA 98121
Jennifer L Mallon	officer: Sr. VP & Chief Acct. Officer	SOUND FINANCIAL BANCORP, INC., 2400 3RD AVENUE, SUITE 150, SEATTLE WA 98121
Daphne Kelley	officer: Chief Financial Officer	C/O SOUND FINANCIAL BANCORP, INC., 2400 3RD AVENUE, SUITE 150, SEATTLE WA 98121
Wes Ochs	officer: Executive Vice President	SOUND FINANCIAL, INC., 2400 3RD AVENUE, SUITE 150, SEATTLE WA 98121
Stilwell Partners L P	10 percent owner	111 BROADWAY, 12TH FL., NEW YORK NY 10006
Stilwell Value Llc	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Value Partners Vii, L.p.	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Fund, L.p.	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Investments, L.p.	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Charles L Turner	officer: SVP, Chief Credit Officer	C/O SOUND FINANCIAL BANCORP, INC., 2400 3RD AVENUE, SUITE 150, SEATTLE WA 98121
Debra Jones	director	C/O SOUND FINANCIAL INC, 2400 3RD AVE., SUITE 150, SEATTLE WA 98121