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Bar Harbor Bankshares (Bar Harbor Bankshares) Effective Interest Rate on Debt % : 19.48% (As of Dec. 2023)


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What is Bar Harbor Bankshares 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. Bar Harbor Bankshares's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $68.1 Mil. Bar Harbor Bankshares's average total debt for the quarter that ended in Dec. 2023 was $349.5 Mil. Therefore, Bar Harbor Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 19.48%.


Bar Harbor Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Bar Harbor Bankshares'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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Bar Harbor Bankshares Effective Interest Rate on Debt % Chart

Bar Harbor Bankshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.26 6.21 5.92 4.49 15.57

Bar Harbor Bankshares 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 9.53 13.14 15.43 19.48 21.49

Competitive Comparison of Bar Harbor Bankshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Bar Harbor Bankshares'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.


Bar Harbor Bankshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

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

* The bar in red indicates where Bar Harbor Bankshares's Effective Interest Rate on Debt % falls into.



Bar Harbor Bankshares Effective Interest Rate on Debt % Calculation

Bar Harbor Bankshares'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  *  -56.507/( (394.246+331.505)/ 2 )
=-1  *  -56.507/362.8755
=15.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.877 + 331.369
=394.246

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=60.74 + 270.765
=331.505

Bar Harbor Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -68.088/( (367.492+331.505)/ 2 )
=-1  *  -68.088/349.4985
=19.48 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=367.492 + 0
=367.492

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=60.74 + 270.765
=331.505

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Bar Harbor Bankshares  (AMEX:BHB) Effective Interest Rate on Debt % Explanation

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


Bar Harbor Bankshares Effective Interest Rate on Debt % Related Terms

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Bar Harbor Bankshares (Bar Harbor Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
82 Main Street, P.O. Box 400, Bar Harbor, ME, USA, 04609-0400
Bar Harbor Bankshares Inc is a bank holding company along with its subsidiaries that offers a full range of financial services products, brokerage services through third-party brokerage arrangements and also trust and investment management services to individuals, businesses, non-profit organizations, and municipalities. Its products and services consist of checking, deposits, cards, mobile banking, online services, loans, merchant services, trust, and fiduciary services, investment planning, education funding, individual retirement planning, insurance, and risk management services.
Executives
Brian D Shaw director 11 CLEFTSTONE ROAD, BAR HARBOR ME 04609
Debra Becton Miller director PO BOX 231, LONDONDERRY NH 03053
Brendan Ohalloran director 82 MAIN STREET, P.O. BOX 400, BAR HARBOR ME 04609
Daina H Hill director PO BOX 400, 82 MAIN STREET, BAR HARBOR ME 04609
Jason Paul Edgar officer: President of BHTS & CTC 27 MEDITATION LANE, ATKINSON NH 03811
Curtis C Simard director, officer: CEO - BHBT P O BOX 400, 82 MAIN STREET, BAR HARBOR ME 04609
David B Woodside director
Matthew L Caras director 82 MAIN STREET, PO BOX 400, BAR HARBOR ME 04609
Kenneth Eugene Smith director C/O BAR HARBOR BANKING & TRUST COMPANY, PO BOX 400, BAR HARBOR ME 04609
Scott G Toothaker director 302 SURRY RD, ELLSWORTH ME 04605
Stephen R Theroux director C/O NEW HAMPSHIRE THRIFT BANCHARES INC, 9 MAIN STREET, P.O. BOX 9, NEWPORT NH 03773
Stephen W Ensign director C/O NEW HAMPSHIRE THRIFT BANCHARES INC, 9 MAIN STREET, P.O. BOX 9, NEWPORT NH 03773
David M Colter director PO BOX 400, 82 MAIN STREET, BAR HARBOR ME 04608
Steven H. Dimick director C/O NEW HAMPSHIRE THRIFT BANCSHARES, INC, PO BOX 9, NEWPORT NH 03773
Lauri E Fernald director 1140 MAIN STREET, MOUNT DESERT ME 04660